Anand Jain, who was born in 1975, is the Chairman of Jai Corp Limited and has more than three decades of experience in numerous industries, including real estate, finance, and capital markets. Anand Jain, or AJ as he is known in the business world, is a close associate of Mukesh Ambani, the head of Reliance Industries, and a prominent figure in India. Anand Jain is frequently referred to as the ‘third son’ of the late business magnate Dhirubhai Ambani.
Anand Jain was once a billionaire and ranked eleventh on Forbes India’s list of the 40 richest people in 2007. Harsh Jain, the son of Anand Jain, co-founded the Indian fantasy sports enterprise Dream11.
According to the Economic Times, Anand Jain first rose to prominence at RIL in the mid-1980s, when he defeated the bear cartel commanded by Manu Manek, a former ‘kingpin’ of the Bombay Stock Exchange.
Anand Jain has been Mukesh Ambani’s close confidant for over 25 years. He served as vice chairman of both Reliance Capital and the Indian Petrochemicals Ltd. (IPCL) board of directors. He is the current director of Reliance Industries Limited. According to reports, Anand Jain is Reliance Chairman Mukesh Ambani’s most trusted advisor, and the billionaire industrialist consults him on all important matters.
It should be noted that Anand Jain does not receive a salary from Reliance Industries, but he is believed to be the mastermind behind Mukesh Ambani’s real estate investments.
Mukesh Ambani and Anand Jain attended Hill Grange High School in Mumbai together. In 1918, when Mukesh Ambani returned from Stanford University, Anand Jain quit his enterprises in Delhi to join Reliance Industries. Anand Jain has also worked closely with the late father of Mukesh Ambani, Dhirubhai Ambani.
