Mukesh revels in being the biggest. In India, Reliance officially became just that last year, when it surpassed state-owned Indian Oil Corp. to become the country’s largest company by revenue. At Reliance’s annual shareholder meeting in August, which is covered like a national event -- including by its media and entertainment arm, Network18 -- Ambani called it the “golden decade of Reliance.” He celebrated the group’s growing list of superlatives: the largest telecom enterprise by subscribers, revenues and profit; a retail arm larger than all other major retailers combined; an oil giant that makes India’s largest export.
“We are also incubating newer growth engines,” Ambani said at the time, adding that he hoped the digital-driven expansion could be more inclusive. “No power on earth can stop India from rising higher.”
At least on the global wealth ranking, that seems to be the case.
This article was provided by Bloomberg News.