Mukesh Ambani, the CMD of Reliance Industries Ltd, was honored by the inaugural Dean’s Medal from the University of Pennsylvania on January 8, 2010. The honor was bestowed upon the leading CEO of India by the Dean of the School of Engineering and Applied Science, Eduardo Glandt. The award was presented in an evening ceremony held at the Trident Hotel in Mumbai, amidst eminent industrialists and celebrities, which included the likes of Kumaramangalam Birla, Anand Mahindra and Sachin Tendulkar. Mukesh Ambani was honored by the medal due to his “visionary leadership” in the application of engineering and technology for the betterment of mankind.

In his acceptance speech, Mukesh Ambani mentioned the latest undertaking by the Reliance Foundation – the Reliance University. Mukesh Ambani announced that the ‘world-class’ university would be set up under the supervision of his wife, Mrs. Nita Ambani. He went on to express the fact that there was a “requirement for a global paradigm shift to include a focus on real engineering instead of financial engineering in light of the recent economic crisis”. The university would be situated either outside Delhi or Mumbai, for which the process of identifying land has already been initiated. The university by the Reliance Group would seek to promote education and research in sectors that would range from liberal arts to technology.

According to Mukesh Ambani, though the university would be international in scale and best practices, it would have an “Indian soul”. The university would have tie-ups with various international universities and would be designed on the lines of American universities such as The University of Pennsylvania. It would initially offer undergraduate courses and later progress to postgraduate and doctoral courses. Dhirubhai Ambani too had been conferred by a Dean’s medal, though from the Wharton School of Management.

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Reliance Industries Limited (RIL) Chairman & Managing Director Mukesh Ambani was awarded the inaugural Dean’s Medal from the University of Pennsyvania’s Eduardo Glandt, Dean of the School of Engineering and Applied Science today.

The medal was awarded to Mr Ambani at a function here in recognition of his “visionary leadership” in the application of engineering and technology for the betterment of mankind. .

“The medal is an acknowledgement for Ambani’s ingenuity and initiative to usher in Reliance’s vertical integration journey from textiles into fibers, petrochemicals, petroleum refining and eventually oil and gas exploration and production. Today, Reliance is a global leader in polyester, petrochemicals and refining, including the world’s largest petroleum refinery complex at Jamnagar. His vision of energy security for India was realized through an aggressive exploration program which resulted in the world’s largest gas discovery in the year 2002. The field eventually doubled gas production in India,” a press release from the School said.

“Mukesh Ambani embodies what the engineering profession can contribute to a country, as someone who seeks to apply technology for the betterment of society,” Mr Glandt said.

Mr Ambani said in his acceptance speech that he would treasure this medal. “It is much more than the recognition of the modest contribution as a chemical engineer from India. It recognizes the collective achievement of the Reliance family and the creativity of over 25,000 engineers in Reliance. I dedicate this Medal to the indomitable spirit of our founder chairman, Dhirubhai Ambani and each and every member of the Reliance family,” he said.

Mr Ambani joined RIL, founded by his father Dhirubhai Ambani, in 1981 after receiving a bachelor’s degree in chemical engineering from the University of Mumbai and pursuing a master’s degree at Stanford University’s Graduate School of Business.

Among Mr Ambani’s numerous honors are the 2007 US-India Business Council “Global Vision” Award for Leadership; the 2006 “ET Business Leader of the Year” Award by the Economic Times and the first NDTV-Profit “Global Indian Leader Award” in 2006.

In 2008, Mr. Ambani was elected Vice Chairman of the Executive Committee of the World Business Council for Sustainable Development. He is a member of the Prime Minister’s Council on Trade and Industry and of the Board of Governors of the National Council of Applied Economic Research. He is also Chairman of the Board of Governors of the Indian Institute of Management, Bangalore, and a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, the International Advisory Board of the National Board of Kuwait, and the Advisory Council for Stanford University’s Graduate School of Business, among other appointments.

The University of Pennsylvania is a world leader in higher education, drawing 10,000 undergraduates from around the world and more than 11,000 additional students enrolled in Penn’s 12 graduate and professional schools.

The School of Engineering and Applied Science at Penn is one of the oldest in the United States, established in 1852 as a School of Mines, Arts and Manufactures. It has since grown into a centre of excellence in the creation of technology, leading to the first general-purpose digital computer, ENIAC, making Penn the birthplace of the digital revolution.

Mukesh Ambani controlled Reliance Industries Ltd (RIL) today rejected as “false” and “malicious” a news report on some Telugu TV channels alleging it may have had a hand in the helicopter crash that killed former Andhra Pradesh Chief Minister Y S Rajasekhara Reddy.

“We are shocked and outraged at the false, malicious, motivated and libellous news on TV-5 channel concerning the fatal mishap of Reddy’s helicopter. We condemn, rebut and reject the allegation with the contempt it deserves,” an RIL statement said.

Alleging that it was the “dirty handiwork of our business rivals in cohoots with TV-5,” it said, “This is also evident from the well coordinated attacks on RIL’s personnel and establishments in Andhra Pradesh within minutes of the telecast by TV-5.

Source: http://ril.com/downloads/pdf/PR08012010.pdf

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