Meet Jai Anmol Ambani, Who Revived His Father’s Bankrupt Business From Rs. 5000 Crore Debt In 5 Year

Jai Anmol Ambani is the elder son of Anil Ambani, a (famous Indian businessman and former member of Rajya Sabha), and Tina Ambani, (former Indian actress). On the surface, Anmol’s life has always been surrounded by wealth, but he also has seen his share of ups and downs. While the Ambani name is one of the most powerful in India, not everything has been easy for him, especially after his father’s financial troubles hit the headlines.

In the last few years, Anmol has stepped into the family business to make his own name. But, the way has been difficult for him, with his father’s bankruptcy case, the fall of his family companies and his own legal troubles.

Anmol’s early life and education

Anmol was born on December 12, 1991. Even though he was born in a well-known family, his family mostly kept him away from media’s attention. Anmol studied at Cathedral and John Connon School in Mumbai, followed by Sevenoaks School in the UK. He then pursued a Bachelor of Science degree at Warwick Business School.

From a young age, he started showing interest in business. But instead of directly taking hold of his family business, he took his time to understand the company and how it worked. His international education gave him a wider view of global business trends, but he carried the responsibility of living up to his family’s big name.

Anmol stepped into business at a young age

At 18, Jai Anmol interned at Reliance Mutual Fund, gaining valuable experience in the financial sector. By 2014, he formally joined the family business, working with Reliance Mutual Fund. In September 2017, he was appointed Executive Director of Reliance Capital, which was a major milestone in his career. In 2018, he joined the boards of Reliance Nippon and Reliance Home. However, he and his brother, Jai Anshul Ambani, stepped down from their roles at Reliance Infrastructure in 2019.

In 2014, it was reported that Jai Anmol Ambani played a key role in Rs. 12,000 crores acquisition of the famous Jaypee Associates’ Power Assets. It was also reported that Reliance Capital’s CEO, Sam Ghosh, mentored Anmol in the entire scenario. He tried to bring in new, fresh and modern ideas to the table and the people inside felt that he would be a promising young leader. 

Anil Ambani’s Bankruptcy and Financial Collapse

In early 2020, Anmol’s father, Anil Ambani, made headlines when he declared himself bankrupt in a UK court. The reason being, he had taken loans from Chinese banks but was unable to pay them back. In February 2020, the court ordered him to repay to which Anil claimed that he had no money left, which left the entire business world in shock. 

Eventually, the situation was resolved through confidential settlements with some creditors and official proceedings for major companies such as Reliance Communications. Anil Ambani's group sold some assets to pay off debts, but most of the family's previous commercial empire was greatly reduced.

Anmol Ambani’s SEBI fine

In September 2024, Anmol faced his own legal issue. India’s stock market regulator, SEBI, fined him Rs. 1 crore for approving loans worth Rs. 40 crore to some companies without getting the board’s proper permission. This went against the rules, as the board had already said those loans should not be given.

SEBI’s investigation said that Anmol failed to act carefully and did not follow the expected procedures. The issue ended with the fine, but the negative publicity remained, adding more pressure to Anmol’s efforts to rebuild trust around the family’s businesses.

Anmol’s personal life

Anmol got married to the love of his life, Khrisha Shah, on February 21, 2021, in a lavish wedding. Even though the couple belongs to a known and wealthy circle, they have largely kept their personal life private since the wedding. It is Khrisha, who sometimes shares insights from her happy married life with Anmol on social media.

Where are they today?

In January 2025, Anil Ambani and Jai Anmol Ambani filed to reclassify themselves as 'public shareholders' in Reliance Power and Reliance Infrastructure, stepping down from their official promoter roles. While they still hold shares, Anil with around 4.65 lakh shares in Reliance Power and Anmol with 4.17 lakh, this strategic move reduces their regulatory obligations under SEBI’s promoter rules. However, there has been no official confirmation of SEBI's approval, and they continue to be listed as promoters.

Jai Anmol Ambani’s story is a mix of privilege and pressure. He has the family name, education and access to power, but he also faces the burden of past bankruptcies, legal troubles and a damaged reputation. What do you think, will he be able to rebuild the reputation or will the weight of the past hold him back? 

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