The Indian Express presents the Most Powerful Indians: Focus on India Inc
The Indian Express presents the ie 100, The Most Powerful Indians in 2013. Out of these we have picked the businessmen who were included in the list. Interestingly, there are only seven businessmen in the top 50, suggesting that corporate clout is no longer what it used to be in terms of influencing policy. Ultimately, power is not just about positions of authority, it can also be a negative force, the power to oppose or block the passage of crucial legislation. In essence, The Indian Express Power List is a reflection of the power struggle that has been in evidence over the past 12 months.
The selection team comprised of The Indian Express editors and reporters.
Mukesh Ambani, 55
Chairman, Reliance Industries
Rank '12: 12
In 2012, he held on to his position as the world's richest Indian for the fifth year in a row, despite his net worth slipping by $1.6 billion to $21 billion. High cash generation from core businesses is his key strength, which helps his flagship company, RIL, to diversify in several directions.
The $390 million Network 18-Eenadu merger deal was the largest Indian media deal, that changed the complexion of the sector. The first clear signs that the gas-flow from the KG-D6 wells is on a revival path has sharply changed the assessment by fund houses of India's largest company by market cap.
His foray into telecom with a pact with younger brother, Anil, can be a gamechanger.
BY THE WAY
For the last four years, his annual salary remains capped at Rs 15 crore though shareholders have found him eligible for Rs 38.82 crore.