Cover Story | Open Minds 2020: Compassion Inc.
Mukesh Ambani, 63, Industrialist
Generosity of Wealth
Open 31 Jul, 2020
The imprint of Mukesh Ambani is evident in not just the enormous number of Covid-19-related relief works undertaken by institutions and companies under him but also the clinical nature of their execution. No sooner did the lockdown begin in late march than Reliance Foundation set up an entire 100-bed hospital from scratch for Covid-19. Hundreds of crores of rupees to government relief funds, free food for hundreds of thousands of needy people in multiple states, etcetera, might all be attributed to Ambani’s social conscience but his biggest contribution was undoubtedly in keeping business sentiment alive and kicking in the bleakest moment of the economy. As Indian businesses nosedived into depression and the stock market tanked to unimaginable levels, Ambani announced that he had managed to receive a series of investments totalling more than over Rs 1 lakh crore in his telecom venture, Jio. These came from multinational behemoths like Facebook and Google who are at the forefront of the technology-driven online universe. The flag of Indian entrepreneurship continued to flutter high.
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