Meet Anand Jain: Mukesh Ambani's Close Ally, Known as Dhirubhai Ambani's

With more than 25 years of close collaboration with the Fortune 500 Reliance Group, Anand Jain has held several high-level positions, including serving as vice-chairman of Reliance Capital. He was also a key member of the board at Indian Petro Chemicals Ltd, contributing to the growth and strategic direction of the company. His leadership extends beyond these roles, as he continues to oversee major projects and investments within the Reliance Group, particularly in the real estate and infrastructure sectors.

Anand Jain, the Chairman of Jai Corp Limited, has almost 30 years of experience across various industries like real estate, finance, and capital markets. Known for his strong connection to the Ambani family, Jain is often called the "third son" of Dhirubhai Ambani and shares a close friendship with Mukesh Ambani, the owner of Reliance Industries.

In 2007, Jain was listed as the 11th richest person in India by Forbes. His son, Harsh Jain, co-founded Dream11, a major fantasy sports platform in India. Anand Jain also has major investments in real estate, with 33 projects in 14 cities. However, he and Mukesh Ambani faced issues with land acquisition, delaying their plans for special economic zones (SEZs) and a port.

Jain became widely known in the mid-1980s when he helped Reliance Industries defeat a bear cartel led by Manu Manek, an influential figure in the Bombay Stock Exchange. Over time, Jain took on key roles in managing Reliance’s ventures, particularly in telecom and real estate. Despite his important role, it’s said that Jain has never taken a salary from Reliance.

With over 25 years at Reliance, he has also held significant roles such as vice-chairman of Reliance Capital and a board member of Indian Petro Chemicals Ltd. Currently, he leads Urban Infrastructure Venture Capital Limited, managing real estate investments.

Jain’s association with Mukesh Ambani goes back to their school days at Hill Grange High School in Mumbai, and he was also close to Mukesh's father, Dhirubhai Ambani. His estimated net worth is around $525 million, according to Forbes.