As per the Economic Times, Anand Jain rose to prominence within RIL during the mid-1980s by successfully dismantling the bear cartel under the leadership of Manu Manek.
Anand Jain, born in 1975, currently serves as the Chairman of Jai Corp Limited, bringing with him more than three decades of experience in diverse industries such as real estate, finance, and capital markets. Within business circles, he is commonly referred to as ‘AJ’ and is known for his close friendship with Mukesh Ambani, the renowned Indian industrialist and head of Reliance Industries. Anand Jain is often regarded as the ‘third son’ of the late business magnate, Dhirubhai Ambani.
In 2007, Anand Jain held the distinction of being a billionaire and secured the 11th position on Forbes India’s 40 Richest list. Notably, his son, Harsh Jain, is the co-founder of Dream11, an Indian fantasy sports company.
As per the Economic Times, Anand Jain rose to prominence within RIL during the mid-1980s by successfully dismantling the bear cartel led by Manu Manek, who was once regarded as the influential ‘kingpin’ of the Bombay Stock Exchange.
For more than 25 years, Anand Jain has been a trusted confidante of Mukesh Ambani. He held the position of vice-chairman at Reliance Capital and served on the board of Indian Petro Chemicals Ltd. (IPCL), a subsidiary of the Reliance group. Presently, Anand Jain holds the role of Director at Reliance Industries Limited. Reports indicate that he plays a crucial advisory role to Mukesh Ambani, serving as his key advisor on all critical matters.
It is noteworthy that Anand Jain does not draw any salary from Reliance Industries. However, he is widely regarded as the mastermind behind all of Mukesh Ambani’s real estate investments.
Mukesh Ambani and Anand Jain were classmates at Mumbai’s Hill Grange High School. When Mukesh Ambani returned from Stanford University in 1918, Anand Jain made the decision to leave his businesses in Delhi and join Reliance Industries. Throughout his career, Anand Jain has maintained a close working relationship not only with Mukesh Ambani but also with Mukesh’s late father, Dhirubhai Ambani.