Mukesh Ambani, the billionaire chairman of Reliance Industries and one of the world’s richest individuals, might be the face of the company, but the largest individual stake in the conglomerate is held by someone else – his mother, Kokilaben Ambani. While many might assume that Mukesh Ambani or his immediate family members, including his wife Nita Ambani and their children Isha, Akash, and Anant, hold the most shares in Reliance, the reality is quite different.
According to reports, Kokilaben Ambani, the widow of late Reliance Industries founder Dhirubhai Ambani, owns a significant 1,57,41,322 shares in the company. This translates to a 0.24% stake in Reliance, surpassing the individual holdings of her grandchildren, Akash, Isha, and Anant, who each hold 80,52,021 shares, representing approximately 0.12% each.
The Ambani family, as the promoter group of Reliance Industries, collectively holds a substantial 50.39% of the company’s shares. The remaining 49.61% is held by public shareholders, including foreign institutional investors (FII) and corporate entities. While Kokilaben Ambani maintains a low public profile, her significant stake in Reliance Industries underscores her considerable financial power. Some media reports estimate her net worth to be around Rs 18,000 crore, showcasing her substantial wealth. This revelation sheds light on the complex ownership structure within Reliance Industries and the prominent role played by Kokilaben Ambani in the company’s success.
