Anand Jain

Anand Jain Net Worth

Anand Jain is an Indian billionaire and the chairman of Jai Corp, a company that produces plastic packaging and steel. He has also invested in real estate through two funds, which have invested in 33 projects in 14 cities in India. However, his plans to build special economic zones and a port with his school pal Mukesh Ambani have been put on hold due to land acquisition issues.

Age, Biography and Wiki

Birth Place India
Occupation Business executive
Known for Expertise in financial services and real estate; Close associate of Mukesh Ambani
Title Chairman of Navi Mumbai SEZ Pvt. Ltd.
Spouse(s) Sushma Jain
Children Neha, Harsh

💰 Net worth: $525 Million (2024)

products. He started his career in the family business and later expanded it into a diverse conglomerate with interests in real estate, infrastructure, and energy sectors. Through his astute business acumen and strategic vision, Jain has propelled Jai Corp to new heights, making it one of India's leading companies. With such accomplishments, it is no surprise that his net worth is projected to reach an impressive $525 million by 2024, solidifying his status as one of the wealthiest individuals in India.

Biography/Timeline

1994

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, 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. 32.86 billion from Retail and institutional Investors. 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.

2005

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.

2007

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.

Some Anand Jain images

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.