Who Is Anand Jain? Close friend of Mukesh Ambani, was once a billionaire, his son lives near Rs 15000 crore Antilia, business is…

Mukesh Ambani is known to everyone as the richest person of India. But there are many people who are still behind the curtains but have contributed to Reliance’s success. One such person who is also a childhood friend of Ambani and a real estate magnate is Anand Jain..

Who Is Mukesh Ambani’s Friend Anand Jain?

The bond between Mukesh Ambani and Anand Jain is from their school days at Mumbai’s Hill Grange High School on Pedder Road. When Mukesh Ambani returned from Stanford University in the early 1980s to join the family business, Anand left his own ventures in Delhi to support him. Anand has already worked with Dhirubhai Ambani and developed his own business also.

Anand Didn’t Take Salary

In a corporation everyone works for high pay packages and designations but Anand Jain was different among them. Though he played a big role in shaping Reliance’s expansion especially for Reliance Infocomm, he never held a formal position or withdrew a salary. He was Mukesh Ambani’s behind-the-scenes advisor, a steady voice in the war room.

Anand Jain’s Business Empire

While advising Reliance, Jain was also building his own business empire. In 1985, he founded Jai Corp Limited, which emerged as a big player in industrial real estate, plastic processing, steel, and yarn manufacturing. 

In 2007, Forbes ranked Anand Jain as India’s 11th richest person, with a net worth estimated at $4 billion. 

That same year, he led the Urban Infrastructure Opportunities Fund, India’s largest real estate private equity initiative at the time, raising Rs 2,434 crore from over 750 investors. During its peak, Jai Corp’s market cap was a $45 billion. By 2012, his net worth had declined to around $525 million.

Anand Jain’s Dream11 Link

Anand Jain’s son, Harsh Jain, co-founded Dream11 in 2008, which has since become one of India’s top fantasy sports platforms and entered the unicorn club by 2019. Despite his massive business footprint, Anand Jain is famously media-shy.

Harsh Jain, co-founder and CEO of Dream11, owns a luxury apartment in the Lodha Malabar project on Walkeshwar Road, which is near Mukesh Ambani’s Antilia in Mumbai.

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