Anand Jain
Encyclopedia
Anand Jain is an India
n business executive. He is the Chairman of Jai Corp Limited, Navi Mumbai
SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate
, finance
and capital market
s.
Anand Jain was #19 on the Forbes
India's 40 Richest list in 2007. He is regarded as a close associate of Mukesh Ambani
.
, where Mukesh Ambani
was his classmate. He graduated with a bachelor's degree in commerce
from the H. R.College in Mumbai
. He has also done a course in Management at the London Business School
.
in 2005, Anand Jain was first noted in Reliance
in mid-1980s, when he successfully crushed the bear cartel
led by Manu Manek, the then kingpin of Bombay Stock Exchange
. Later, he emerged as a key figure in the running of the day-to-day operations of the Reliance group
, particularly its telecom venture Reliance Infocomm. In January 2005, Anil Ambani
(brother of Mukesh Ambani
) resigned as vice-chairman and director of IPCL, citing his differences with Anand Jain. In June 2005, media reported that Jain would step down from the IPCL board, after a settlement was announced between the two Ambani brothers. However, in July 2005, it was reported that he has stayed on the IPCL board.
Anand Jain has been closely associated with the Fortune 500 Reliance Group for over 25 years. He served as the vice-chairman of Reliance Capital
and also on the Reliance group company Indian Petro Chemicals Ltd. (IPCL).
Anand Jain served on board of trustees of Mumbai Port Trust
twice for two years each, and also on the Jawaharlal Nehru Port from April 1994 to March 1995. He is also a Director of the Rewas Port Limited, which is a Greenfield, mega scale port development project near Mumbai. The port would also serve as a primary gateway for the twin mega SEZs coming up in its vicinity: Viz; NMSEZ and MSEZ. The port in its first 5 yrs of operation aims to handle more than 50 Million tonnes of cargo.
He has also promoted India's largest Real Estate private equity fund having raised over Rs. 3286 Crores from retail and institutional investors. He is an adviser to the Urban Infrastructure Real Estate Fund, which has raised US$500 Million from international investors and along with the local participation of US$60 Million, the total fund size is US$560 Million.
Anand Jain is also the Chairman of Urban Infrastructure Venture Capital Limited which manages Urban Infrastructure Venture Capital Fund. He is also a director of the following ventures:
Presently a senior executive with the Reliance Group
, Anand Jain is leading a team of professionals to make the first greenfield Special Economic Zone
(SEZ) at Mumbai a reality. He has been a promoter of large SEZs in India with a vision to create a globally competitive business environment.
Anand Jain is an active member of Young Presidents' Organization
, an international non-profit organization made up of company presidents from around the world. He was the Honorary Consul of Mongolia
in Mumbai and is a member of the Managing Council of Sir Hurkisondas Nurrotamdas Hospital and Research Centre. He has been appointed by the Government of Maharashtra as a member of the "Empowered Committee for Transformation of Mumbai into a World Class City." He is also a member of the "Citizens Action Group" dedicated to bring Mumbai on the international map.
He features regularly on most business publications. The latest article can be read at Business World.
He features in DNA's 50 Most Influential People who have impacted Mumbai.
Meet Anand Jain.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n business executive. He is the Chairman of Jai Corp Limited, Navi Mumbai
Navi Mumbai
Navi Mumbai is a Planned Satellite City on the west coast of the Indian state of Maharashtra. It was developed in 1972 as a twin city of Mumbai, and is the largest planned city on the planet, with under the jurisdiction of the Navi Mumbai Municipal Corporation and a total area of . Navi Mumbai...
SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
and capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...
s.
Anand Jain was #19 on the Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
India's 40 Richest list in 2007. He is regarded as a close associate of Mukesh Ambani
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%...
.
Education
Anand Jain attended the Hill Grange High School in MumbaiMumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, where Mukesh Ambani
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%...
was his classmate. He graduated with a bachelor's degree in commerce
Bachelor of Commerce
A Bachelor of Commerce is an undergraduate degree in commerce and related subjects. The degree is also known as the Bachelor of Commerce and Administration, or BCA...
from the H. R.College in Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
. He has also done a course in Management at the London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
.
Business career
According to an article published in The Economic TimesThe Economic Times
The Economic Times is an English-language Indian daily newspaper published by the Bennett, Coleman & Co. Ltd.. The Economic Times was started in 1961. It is the most popular and widely read financial daily in India, read by more than 8 lakh people...
in 2005, Anand Jain was first noted in Reliance
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
in mid-1980s, when he successfully crushed the bear cartel
Cartel
A cartel is a formal agreement among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices, marketing, and production. Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products...
led by Manu Manek, the then kingpin of Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
. Later, he emerged as a key figure in the running of the day-to-day operations of the Reliance group
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
, particularly its telecom venture Reliance Infocomm. In January 2005, Anil Ambani
Anil Ambani
Anil Dhirubhai Ambani is an Indian-Gujarati business baron and chairman of Reliance Anil Dhirubhai Ambani Group, one of the largest private conglomerates. Anil's elder brother, Mukesh Ambani, is worth more than 29 billion dollars, and owns another company called Reliance Industries...
(brother of Mukesh Ambani
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian business magnate. He is the chairman and managing director of Indian conglomerate Reliance Industries, the largest private sector enterprise in India listed in Fortune 500 magazine. His personal stake in Reliance Industries is 48%...
) resigned as vice-chairman and director of IPCL, citing his differences with Anand Jain. In June 2005, media reported that Jain would step down from the IPCL board, after a settlement was announced between the two Ambani brothers. However, in July 2005, it was reported that he has stayed on the IPCL board.
Anand Jain has been closely associated with the Fortune 500 Reliance Group for over 25 years. He served as the vice-chairman of Reliance Capital
Reliance Capital
Reliance Capital Limited is a Non-Banking Financial Company registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. as a public limited company in 1986 and is now listed on the Bombay Stock Exchange and the National Stock Exchange .RCL has a net...
and also on the Reliance group company Indian Petro Chemicals Ltd. (IPCL).
Anand Jain served on board of trustees of Mumbai Port Trust
Mumbai Port Trust
Mumbai Port, earlier known as Bombay Port, lies midway on the West coast of India, on the natural deep-water harbor of Mumbai. The harbor spread over is protected by the mainland of Konkan to its east and north and by the island city of Mumbai to its west...
twice for two years each, and also on the Jawaharlal Nehru Port from April 1994 to March 1995. He is also a Director of the Rewas Port Limited, which is a Greenfield, mega scale port development project near Mumbai. The port would also serve as a primary gateway for the twin mega SEZs coming up in its vicinity: Viz; NMSEZ and MSEZ. The port in its first 5 yrs of operation aims to handle more than 50 Million tonnes of cargo.
He has also promoted India's largest Real Estate private equity fund having raised over Rs. 3286 Crores from retail and institutional investors. He is an adviser to the Urban Infrastructure Real Estate Fund, which has raised US$500 Million from international investors and along with the local participation of US$60 Million, the total fund size is US$560 Million.
Anand Jain is also the Chairman of Urban Infrastructure Venture Capital Limited which manages Urban Infrastructure Venture Capital Fund. He is also a director of the following ventures:
- Reliance Haryana SEZ(Pvt.) Ltd. (developing 25,000 acres (101 km²) SEZ)
- Indian Petrochemical Corporation Ltd.(IPCL)
- Reliance Ventures Ltd. (100% subsidiary of Reliance Ind. Ltd.)
- Indian Films Combine Pvt Ltd.
Presently a senior executive with the Reliance Group
Reliance Industries
Reliance Industries Limited is an Indian conglomerate company headquartered at Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone development and...
, Anand Jain is leading a team of professionals to make the first greenfield Special Economic Zone
Special Economic Zone
A Special Economic Zone is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws...
(SEZ) at Mumbai a reality. He has been a promoter of large SEZs in India with a vision to create a globally competitive business environment.
Anand Jain is an active member of Young Presidents' Organization
Young Presidents' Organization
The Young Presidents’ Organization is a global network of young chief executives. With approximately 18,000 members in more than 100 countries, YPO and its graduate organization, WPO share a founding mission: Better Leaders Through Education and Idea Exchange....
, an international non-profit organization made up of company presidents from around the world. He was the Honorary Consul of Mongolia
Mongolia
Mongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only from Kazakhstan's eastern tip. Ulan Bator, the capital and largest...
in Mumbai and is a member of the Managing Council of Sir Hurkisondas Nurrotamdas Hospital and Research Centre. He has been appointed by the Government of Maharashtra as a member of the "Empowered Committee for Transformation of Mumbai into a World Class City." He is also a member of the "Citizens Action Group" dedicated to bring Mumbai on the international map.
He features regularly on most business publications. The latest article can be read at Business World.
He features in DNA's 50 Most Influential People who have impacted Mumbai.
Meet Anand Jain.