By Rishabh Naudiyal Last Updated:
The chairman and managing director of Reliance Industries, Mukesh Ambani is one of the world's wealthiest individuals. With a focus on making his company a leading name in almost every major sector, Mukesh Ambani never shies away from taking risky calls. As a result, Reliance Industries has already established a strong presence in retail, petrochemicals, and telecom.
However, in recent times, we have seen Mukesh Ambani venturing into the realm of green energy as he recognises its significance in shaping the future. As per multiple reports in 2023, Ambani is expected to unveil new plans that align with the long-term growth and profitability objectives of Reliance Industries.
With all these business plans on the way, Mukesh Ambani aims to take Reliance Industries to even further heights. Undoubtedly, he is one of the most visionary entrepreneurs India has ever seen. However, Mukesh Ambani possesses one more quality which is extremely rare, the quality of treating his employees like a family.
We have repeatedly seen him respecting his employees and always sending out the message loud and clear to always respect your employees if you aspire to make your company successful.
Mukesh Ambani is widely recognised for his generous nature towards his employees. However, he took things to a completely different level when he gave Rs. 1500 crores to one of his employees. Yes, you read it absolutely right. According to multiple reports, the billionaire businessman has reportedly gifted a lavish 22-storey property worth approximately Rs. 1500 crores to one of his employees named Manoj Modi.
The property was situated on Mumbai's Napean Sea Road, and as per the reports, the luxurious property spans a massive 1.7 lakh square feet. There’s no denying in accepting that Mukesh Ambani’s unbelievable gesture of employee appreciation has raised the bar to a whole new level for other bosses. However, not everyone is aware of the fact that Manoj Modi isn’t a normal employee but Mukesh Ambani’s batchmate.
Manoj Modi is an employee of Reliance Industries and shares a long-standing bond with the chairman and managing director of Reliance Industries, Mukesh Ambani. For the unversed, Manoj and Mukesh were classmates at the University Department of Chemical Technology and have remained close since then.
Even after completing their course, Manoj Modi and Mukesh Ambani were in close contact with each other and in the 1980s, the former joined Reliance Industries. Manoj has played a crucial role since his entry into Mukesh’s company. As per multiple reports, he is often referred to as the ‘Right-hand of Mukesh Ambani’. Their friendship and professional partnership have flourished over the years, with Manoj serving as a trusted advisor and a guiding force for Mukesh Ambani.
In April 2020, Reliance Jio, which is a subsidiary of Reliance Industries, struck a significant deal with Facebook. The social media giant acquired a 9.99% stake in Reliance Jio for a whopping price tag of Rs 43,574 crores. As per a report in the Economic Times, the mammoth deal was a direct result of the involvement of Manoj Modi.
The director of Reliance Jio and Reliance Retail, Manoj Modi is known for his strategic acumen and business acuity. A clear example of Manoj's expertise everyone saw when he cracked the deal between Facebook and Reliance Industries. Not only this, Manoj’s expertise and negotiation skills have been instrumental in securing multi-billion-dollar partnerships and investments for the company.
For the unversed, Mukesh Ambani and Manoj Modi's friendship dates back to their college days when they both pursued Chemical Engineering at the University of Bombay. Not only this, but Manoj Modi has also worked alongside the late Dhirubhai Ambani.
As of now, Manoj supports Isha Ambani, Akash Ambani, and Anant Ambani in their respective professional commitments at Reliance Industries. Manoj's long-standing presence and involvement with the Ambani clan speaks volumes about the place he holds in the hearts of each family member.
Well, there’s no denying that Manoj Modi thoroughly deserves the mammoth gift of Rs. 1500 crores, considering the impact he has on the operations at Reliance Industries. What are your thoughts on Manoj Modi and Mukesh Ambani’s friendship? Let us know.