Anand Jain

Infobox Person
name = Anand Jain

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caption = Anand Jain
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birth_date = 1957
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nationality = Indian
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known_for = Expertise in financial services and real estate; Close associate of Mukesh Ambani
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occupation = Business executive
title = Chairman of Navi Mumbai SEZ Pvt. Ltd.
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spouse = Sushma Jain
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children = Neha , Harsh
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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 #19 on the Forbes "India's 40 Richest" list in 2007. [cite web
url = http://www.forbes.com/lists/2007/77/biz_07india_Anand-Jain_B7E9.html
title = India's Richest: #19 Anand Jain
publisher = Forbes.com
date = November 14, 2007
accessdate = 2007-04-21] He is regarded as a close associate of Mukesh Ambani. [cite news
url = http://timesofindia.indiatimes.com/articleshow/984208.cms
title = Ambani bros to get equal share
publisher = The Times of India
date = 2005-01-07
accessdate = 2007-04-21] [cite news
url = http://timesofindia.indiatimes.com/NEWS/India/Ambani_gives_shape_to_new_mega_city/articleshow/msid-1458560,curpg-5.cms
title = Ambani gives shape to new mega city
publisher = The Times of India
date = 2006-03-21
accessdate = 2007-04-21]

Education

Anand Jain attended the Hill Grange High School in Mumbai, where Mukesh Ambani was his classmate.cite news
url = http://economictimes.indiatimes.com/articleshow/979659.cms
title = Anand Jain - the man behind Mukesh Ambani
publisher = The Economic Times
date = 2005-01-04
accessdate = 2007-04-21 ( [http://64.233.183.104/search?q=cache:2xnLnHpJ7hkJ:www1.economictimes.indiatimes.com/articleshow/979659.cms+Anand+Jain+-+the+man+behind+Mukesh+Ambani&hl=en&ct=clnk&cd=3&gl=in&client=firefox-a cached] )] He graduated with a bachelor's degree in commerce from the H. R.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 mid-1980s, when he successfully 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. [cite news
url = http://in.rediff.com/money/2005/jan/03ril3.htm
title = Anil quits IPCL board; accuses Anand Jain of conspiracy
publisher = Rediff.com
date = 2005-01-03
accessdate = 2007-09-21] [cite news
url = http://www.iht.com/articles/2005/01/03/business/reliance.php
title = A resignation amid rift at Reliance
publisher = International Herald Tribune
date = 2005-01-04
accessdate = 2007-09-21] [cite news
url = http://timesofindia.indiatimes.com/articleshow/msid-979220,prtpage-1.cms
title = Anil Ambani resigns from IPCL
publisher = The Times of India
date = 2005-01-03
accessdate = 2007-09-21] [cite news
url = http://timesofindia.indiatimes.com/articleshow/989751.cms
title = Anil fires fresh salvo at Mukesh
publisher = The Times of India
date = 2005-01-13
accessdate = 2007-09-21] [cite news
url = http://www.hindu.com/2005/01/04/stories/2005010406580100.htm
title = Anil Ambani quits as IPCL Vice-Chairman
publisher = The Hindu
date = 2005-01-03
accessdate = 2007-09-21] [cite news
url = http://www.telegraphindia.com/1050105/asp/business/story_4213842.asp
title = Stocks pause for breath
publisher = The Telegraph, Calcutta
date = 2005-01-05
accessdate = 2007-09-21] In June 2005, media reported that Jain would step down from the IPCL board, after a settlement was announced between the two Ambani brothers. [cite news
url = http://www.telegraphindia.com/1050619/asp/business/story_4887796.asp
title = Anand Jain quits IPCL board
publisher = The Telegraph
date = 2005-06-19
accessdate = 2007-09-21] [cite news
url = http://in.rediff.com/money/2005/jun/18ril6.htm
title = Anil wins; Anand Jain out of IPCL
publisher = Rediff.com
date = 2005-06-18
accessdate = 2007-09-21] [cite news
url = http://www.outlookindia.com/pti_news.asp?id=305157
title = Anil gets settlement bonus - shelving Anand Jain from IPCL
publisher = Outlook
date = 2005-05-18
accessdate = 2007-09-21] However, in July 2005, it was reported that he has stayed on the IPCL board. [cite news
url = http://www.hindu.com/2005/07/14/stories/2005071409271801.htm
title = Anand Jain stays on IPCL board
publisher = The Hindu
date = 2005-07-14
accessdate = 2007-09-21] [cite news
url = http://www.telegraphindia.com/1050714/asp/business/story_4987719.asp
title = Jain still on IPCL board
publisher = The Telegraph
date = 2005-07-13
accessdate = 2007-09-21]

Anand Jain has been closely associated with the Fortune 500 Reliance Group for over 25 years. He served as the vice-chairman of Reliance Capital [cite news
url = http://timesofindia.indiatimes.com/cms.dll/html/uncomp/articleshow?artid=39580476
title = Reliance Cap to issue preference shares
publisher = The Times of India
date = 2003-03-07
accessdate = 2007-09-21] and also on the Reliance group company Indian Petro Chemicals Ltd. (IPCL).

Anand Jain served on board of trustees of Mumbai Port Trust twice for two years each, and also on the Jawaharlal Nehru Port from April 1994 to March 1995. He is also a Director of the Rewas Port Limited [cite news
url = http://timesofindia.indiatimes.com/articleshow/1971593.cms
title = Mukesh group cos buy stake in Rewas Port
publisher = The Times of India
date = 2006-09-09
accessdate = 2007-09-21] , which is a Greenfield, mega scale port development project near Mumbai. The port would also serve as a primary gateway for the twin mega SEZs coming up in its vicinity: Viz; NMSEZ and MSEZ. The port in its first 5 yrs of operation aims to handle more than 50 Million tonnes of cargo.

He has also promoted India's largest Real Estate private equity fund having raised over Rs. 3286 Crores from retail and institutional investors. [cite news
url = http://economictimes.indiatimes.com/articleshow/1661435.cms
title = Anand Jain’s fund raises Rs 2,200 cr
publisher = The Economic Times
date = 2006-06-20
accessdate = 2007-09-21] 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 Urban Infrastructure Venture Capital Fund. He is also a director of the following ventures:
* Reliance Haryana SEZ(Pvt.) Ltd. (developing 25,000 acres (101 km²) SEZ)
* Indian Petrochemical Corporation Ltd.(IPCL)
* Reliance Ventures Ltd. (100% subsidiary of Reliance Ind. Ltd.) [cite web |url=http://www.hinduonnet.com/fline/fl2317/stories/20060908004912400.htm |title= Zone of privileges |publisher=Frontline |date=2006-08-26 |accessdate=2007-04-21 ]
* Indian Films Combine Pvt Ltd.

Presently a senior executive with the Reliance Group, Anand Jain is leading a team of professionals to make the first greenfield Special Economic Zone (SEZ) at Mumbai a reality. [cite news
url = http://www.dnaindia.com/report.asp?NewsID=1074581
title = Reliance cuts Rs 35,000 cr plan for SEZs
publisher = DNA
date = 2007-01-15
accessdate = 2007-09-21] He has been a promoter of large SEZs in India with a vision to create a globally competitive business environment.

] [cite news
url = http://www.businessworld.in/index.php/Corporate/Out-Of-The-Shadows.html
title = Out-Of-The-Shadows
publisher = Business World
date = 2008-07-23
accessdate = 2008-07-23]

Anand Jain is an active member of Young Presidents' Organization, an international non-profit organization made up of company presidents from around the world. He was the Honorary Consul of Mongolia in Mumbai and is a member of the Managing Council of Sir Hurkisondas Nurrotamdas 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 bring Mumbai on the international map.

He features regularly on most business publications. The latest article can be read at [http://www.businessworld.in/index.php/Corporate/Out-Of-The-Shadows.html Business World] .

He features in [http://www.dnaindia.com/slideshow.asp?newsid=1180766&sldid=26 DNA's 50 Most Influential People] who have impacted Mumbai.

[http://businesstoday.digitaltoday.in/index.php?option=com_content&Itemid=1&task=view&id=6945&sectionid=25&issueid=37&latn=2 Meet Anand Jain] .

Personal life

Anand Jain resides in Mumbai and is married to Mrs. Sushma Jain a homemaker. The couple have a daughter Neha, who is married to Anurag Bagaria and a son Harsh who has completed Bachelor of Electrical Engineering from University of Pennsylvania, U.S..

References