Enough of Ambanism!!!

The death of Dhirubhai Ambani saw his wealth being split among his 2 sons Mukesh & Anil respectively, Many eyebrows raised over the sustainability of the legends property . The dramatic split between and the sharing of property pulled down the bellwether stock exchange - Sensex to some extent. Post splitsville the brothers managed to expand their empires respectively and here is what i dont like about the brothers.

As far as Anil is concerned I am happy for him being a graduate of kellogg's , Though i feel the property was not neutrally distributed between him and his elder brother , This guy has made magnificient strides in expanding the ADAG Empire much to the delight of the investors. His concern for his investors being reflected in the form of issuing bonus shares to the shareholders when Reliance Power failed to meet people's expectations of an ideal listing , Though his move might have diluted the price of the shares, Its likely to be worthy in the long run.
But what i dont like about him is his over enthusiasm in exploring and exploiting new ventures , ADAG owned Reliance retail has ventured into Reliance Jewellery, Reliance Footprints, Reliance Fresh, Reliance Toys, Reliance personal care (Grooming), Reliance Electronics, his over ambitious ADLABS films along with its ever expanding ADLAB Theatre which has the dubious distinction of providing the most uncomfortable seating experiences ever.I wonder or for that matter i m just waiting for ADLABS to be closed down. What this gentleman needs to know is that its the profitability of his moves which matter and not mere venturing into different businesses. His expansionary tendencies have already provoked the likes of people who are into those kind of similar business. His personal Grooming centres met with nasty protests of the few estabished barbers nationwide. Its high time the established industrialists like TATA , BIRLA, AMBANIS etc venture into unsought or other unexplored ventures rather than trying to cut the throats of the local kirana merchants, vegetable vendors, local establishments, barbers etc who in most cases happen to be the stakeholders in the Business houses like Reliance,TATA, BIRLA etc.

Ex- I may be an investor in Reliance, But i personally wont like Reliance to come up with a Textile Retail as it might threaten my Textile Outlet in the state. Big Players with their exceptionally vast bargaining power pose a grave threat to the local players.

Believe me there are n no. of businesses which fresh enterpreneurs cannot dare to enter immediately , For example, Reliance could have ventured into an Aviation - MRO ( Maintenance, Repair & Overhaul) venture ,India still doesnt have an MRO Of its own in India , Aviation Manufacturing venture, Ship Building Venture, Power sector still falls short of actual demand, this investment could have used for capacity enhancement. Power through Solar Energy is much more rewarding,It has got a vast potential but yet it has not been implemeted , EMRI - Emergency management research institute which has been widelyspread through out Andhra Pradesh has become a big hit, This can be implemented nation wide.India is still backward in per capita productivity per acre, there is a serious shortage in supply of fertilizers, There is a serious infrastructure gap which is one of the reasons for declining agri trends in India, Big palyers can work on this. Acute shortage of rainfall has affected the crop produce, Cloud seeding programmes can be taken up , Crude constitutes a major chunk of India's import bill more oil exploration abroad can prove beneficial to the nation as a whole. Tourism sector is another safe bet with prospects at its best,Extreme adventure sports is another area where the big players can bank upon to extend their offerings. There are a lot more areas offering vast scope for expansions.

On the other hand I hate Mukesh for his unusually high cost Residential tower gift to his Dear wife. I do understand that each and every person has got their right to come up with what they like , But what i hate is the fact that such a huge investment is not actually necessary for a family of 4-5. The amount could have inturn been invested for the purpose of say A Beggar rehabilitation centre which could have changed the lives of many a beggars or say could have owned up few villages,engage in a village development programs & inturn could have gifted it to his dear wifeand inturn would have revamped the iconic Status of the Ambani Empire and more importantly INDIA.