Anand Jain, born in 1975, is a prominent figure in India’s business world, often referred to as Dhirubhai Ambani’s ‘Third son.’ As the Chairman of Jai Corp Limited, Anand Jain has made a significant impact over a career spanning three decades. His connection with Mukesh Ambani, the leader of Reliance Industries, goes back to their school days at Hill Grange High School in Mumbai.
Impressive Professional Journey
Anand Jain’s career is marked by notable achievements. He was ranked the 11th richest Indian in 2007, with a net worth of $4 billion, thanks to Jai Corp’s substantial market value. By 2012, Forbes estimated his net worth at $525 million. Jai Corp, established in 1985, is involved in steel manufacturing, plastic processing, and yarn spinning. As of March 2023, Jai Corp reported a total revenue of Rs 600.7 crore, with net sales of Rs 106.89 crore in December 2023. The company also has significant investments in Special Economic Zones (SEZs), infrastructure, venture capital, and real estate, covering 33 projects across 14 cities in India.
Strategic Influence and Contributions
Anand Jain’s role as a strategic advisor to Mukesh Ambani has been crucial, particularly in real estate and capital market transactions. He also holds important positions on the boards of Mumbai Port Trust and Jawaharlal Nehru Port, and as Director of Rewas Port Limited. Despite his influence,Anand Jain maintains a low profile within Reliance Industries and does not draw a salary from the conglomerate. His contributions to Reliance Infocomm further emphasise his significant behind-the-scenes role.
Personal Life and Education
Anand Jain graduated from Mumbai University and the London Business School, where he specialised in Risk Management. He resides in Mumbai with his wife, Sushma, and their two children. His son, Harsh Jain, co-founded Dream11, a leading fantasy sports platform in India with over 200 million users and notable revenue growth.
Anand Jain’s journey from a trusted friend to a major business figure reflects his dedication and expertise. His story highlights a blend of personal commitment and professional success, making him a notable personality in India’s business landscape.
