Mukesh Ambani Versus Anil Agarwal
Anil Agarwal is an Indian businessman and the founder and Executive Chairman of the UK-based Vedanta Resources Corporation.
Having ranked eighth in 2003, as of November 2006, he was the eleventh-richest Indian, with a personal fortune of US$4.5 billion.[4] As of 6 October 2007, Agarwal's net worth was estimated at $12.7 billion, making him the 6th richest Indian.
Mukesh Ambani on the other hand is the chairman of Reliance Industries and India’s most richest person according to Forbes 2010.
According to Economic Times,
With his $9.6 billion offer to acquire a controlling stake in Cairn India, Agarwal may have acquired a new rival who could make all his earlier skirmishes seem like school-boy brawls. With his entry into oil and gas exploration, Agarwal has set foot into Mukesh Ambani’s turf.
Agarwal knows Ambani, but only as an inspiration. Never as an adversary. “He has always looked up to the Reliance group for its ability to execute projects fast and cost effectively,” says a former Vedanta executive who now works for a rival business house. He recalls an instance in 2006-07, when Agarwal asked managers working on projects at Balco to learn from Reliance.
Agarwal’s relationship with the Ambani family dates back to more than a decade. When a religious discourse session by spiritual guru Rameshbhai Oza was organised at Ambani residence Seawind in 1998, Agarwal was among the special invitees, according to a person who attended the session. “Around 200 people came for the poolside function. Murli Deora and Anil Agarwal were among the special invitees,” says the person.
In their own respective fields of business, Agarwal is a global leader in the metals and mining, while Mukesh is among the top-ranked international players in the fields of petrochemicals and largest private sector oil group in India.
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