Anmol Ambani, son of Anil Ambani
There was a time when Anil Ambani, like his brother Mukesh Ambani, was also included in the list of the richest people in the world. But times changed and amid the burden of debt, in 2020 he had to declare himself bankrupt in the British court. In such difficult times, his son Jai Anmol Ambani emerged as the biggest hope of the family. But now when CBI has registered a case of banking fraud against him, the situation has completely changed.
Was interested in business from an early age
Anmol has always been in the limelight, but he started showing interest in his father’s business at an early age. At the age of 18, he did his first internship at Reliance Mutual Fund. After this, in 2016 he became Additional Director on the board of Reliance Capital. Then gradually he also made a place on the board of Reliance Nippon Life Asset Management and Reliance Home Finance. His business acumen was so sharp that he was seen as a ‘strong next generation business leader’ in the corporate world.
Took over the family business in difficult times
When Anil Ambani’s debt crisis was increasing, Anmol Ambani tried to stop the declining condition of the company. Around 2020, the share price of Reliance Power had dropped to just Rs 1.80. But due to strategies and ability to attract investments, the share increased to beyond Rs 51 in the next few years. It is said that Anmol also played a big role in convincing Japanese company Nippon to increase its stake in Reliance. This provided financial stability to the company and made it possible to start new ventures.
Played important role in getting debt free
Under Anmol’s leadership, the company settled many loans, which increased confidence in the market. In the beginning of 2025, Reliance Group made a big announcement that Sasan Power Limited repaid the loan of about Rs 1286 crore of IIFCL. This news was like a sigh of relief for the investors and a strong rise was seen in the shares of the company, in which Anmol’s strategy had a big contribution.
But now the blame has fallen on Anmol only.
While on one hand Anmol Ambani had proved to be a ‘troubleshooter’ by handling his father’s business with his wisdom, on the other hand Anmol has now come under the scanner of serious allegations. CBI has registered a case against him in alleged bank fraud related to Reliance Housing Finance. Allegations of financial irregularities worth Rs 228 crore have increased the concern of the Ambani family.