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Anand Jain | |
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| Born | 1957 (age 67–68) |
| Nationality | Indian |
| Occupation | Business executive |
| Known for | Expertise in financial services and real estate; |
| Title | Chairman of Jai Corp Ltd. |
| Spouse | Sushma Jain |
| Children | Neha, Harsh |
Anand Jain (born 1957) is an Indian business executive. He is the Chairman of Jai Corp. Limited.
Anand Jain was No. 11 on theForbesIndia's 40 Richest list in 2007.[1] His son, Harsh Jain, is the co-founder and CEO of the Indianfantasy sports companyDream11.
According to an article published inThe Economic Times in 2005, Anand Jain was first noted inReliance in the mid-1980s, when he crushed thebearcartel led by Manu Manek, the then kingpin ofBombay Stock Exchange.[2] Later, he emerged as a key figure in the running of the day-to-day operations of theReliance Group, particularly its telecom ventureReliance Infocomm. In January 2005,Anil Ambani (brother ofMukesh Ambani) resigned as vice chairman and director of IPCL, citing his differences with Anand Jain.[3][4][5][6][7][8] In June 2005, media reported that Jain would step down from the IPCL board after a settlement was announced between the two Ambani brothers.[9][10][11] However, in July 2005, it was reported that he has stayed on the IPCL board.[12][13]
Anand Jain has been closely associated with the Fortune 500 Reliance Group for over 25 years. He served as the vice-chairman ofReliance Capital[14] and also on the Reliance group company Indian Petro Chemicals Ltd. (IPCL).
Anand Jain served on the board of trustees ofMumbai Port Trust twice for two years each and also on theJawaharlal Nehru Port from April 1994 to March 1995. He is also a director ofRewas Port Limited.[15][16] He is an adviser to the Urban Infrastructure Real Estate Fund, which has raised US$500 million from international investors, and along with the local participation of US$60 million, the total fund size is US$560 million.
Anand Jain is also the Chairman of Urban Infrastructure Venture Capital Limited, which manages the Urban Infrastructure Venture Capital Fund. He is also a director of the following ventures:
Presently a senior executive with theReliance Group, Anand Jain, is involved in the first greenfieldSpecial Economic Zone (SEZ) at Mumbai.[17][18]
Anand Jain is a member of the Managing Council ofSir H. N. Reliance Foundation Hospital and Research Centre. He has been appointed by the Government of Maharashtra as a member of the "Empowered Committee for Transformation of Mumbai into a World-Class City." He is also a member of the "Citizens Action Group," dedicated to bringing Mumbai on the international map.
