Anand Jain

Anand Jain (born 1957) is an Indian business executive. He is the Chairman of Jai Corp Limited, Navi Mumbai SEZ Pvt. Ltd. Mumbai SEZ Limited, Reliance Haryana SEZ Ltd & Urban Infrastructure Venture Capital Private Limited(UIVCPL). He has 25 years of experience in various businesses, with an expertise in real estate, finance and capital markets.

Anand Jain was No. 19 on the Forbes India's 40 Richest list in 2007. He is regarded as a close associate of Mukesh Ambani.

Education

Anand Jain attended the Hill Grange High School in Mumbai, where Mukesh Ambani was his classmate. He graduated with a bachelor's degree in commerce from the HR College in Mumbai. He has also done a course in Management at the London Business School.

Business career

According to an article published in The Economic Times in 2005, Anand Jain was first noted in Reliance in the mid-1980s, when he crushed the bear cartel led by Manu Manek, the then kingpin of Bombay Stock Exchange. Later, he emerged as a key figure in the running of the day-to-day operations of the Reliance group, particularly its telecom venture Reliance Infocomm. In January 2005, Anil Ambani (brother of Mukesh Ambani) resigned as vice-chairman and director of IPCL, citing his differences with Anand Jain. In June 2005, media reported that Jain would step down from the IPCL board, after a settlement was announced between the two Ambani brothers. However, in July 2005, it was reported that he has stayed on the IPCL board.