Anand Jain
{{short description|Indian business executive (born 1957)}}
{{Multiple issues|
{{COI|date=October 2016}}
{{Resume-like|date=October 2024}}
{{More citations needed|date=October 2024}}
}}
{{Use dmy dates|date=September 2014}}
{{Infobox person
| name = Anand Jain
| image = AJ Pic.jpg
| caption =
| resting_place_coordinates =
| nationality = Indian
| birth_date = {{birth year and age|1957}}
| other_names =
| known_for = Expertise in financial services and real estate;
| occupation = Business executive
| title = Chairman of Jai Corp Ltd.
| height =
| term =
| predecessor =
| successor =
| party =
| boards =
| spouse = Sushma Jain
| partner =
| 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 the Forbes India's 40 Richest list in 2007.{{cite news
| url = https://www.forbes.com/lists/2007/77/biz_07india_Anand-Jain_B7E9.html
| title = India's Richest: #19 Anand Jain
| work = Forbes
| date = 14 November 2007
| accessdate = 2007-04-21
}} His son, Harsh Jain, is the co-founder and CEO of the Indian fantasy sports company Dream11.
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.{{cite news
|url=http://economictimes.indiatimes.com/articleshow/979659.cms
|title=Anand Jain - the man behind Mukesh Ambani
|work=The Economic Times
|date=2005-01-04
|accessdate=2007-04-21
|archiveurl=https://web.archive.org/web/20070514061959/http://economictimes.indiatimes.com/articleshow/979659.cms
|archivedate=14 May 2007
|url-status=live
|df=dmy
}} ({{cite web |url=http://www1.economictimes.indiatimes.com/articleshow/979659.cms |title=Anand Jain - the man behind Mukesh Ambani |date=4 January 2005 |access-date=8 September 2016 |url-status=dead |archive-url=https://web.archive.org/web/20190403131727if_/https://economictimes.indiatimes.com/articleshow/979659.cms |archive-date=3 April 2019}} 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
| work = Rediff.com
| date = 2005-01-03
| accessdate = 2007-09-21
| url = http://www.iht.com/articles/2005/01/03/business/reliance.php
| title = A resignation amid rift at Reliance
| work = International Herald Tribune
| date = 2005-01-04
| accessdate = 2007-09-21
| url = http://timesofindia.indiatimes.com/articleshow/msid-979220,prtpage-1.cms
| title = Anil Ambani resigns from IPCL
| work = The Times of India
| date = 2005-01-03
| accessdate = 2007-09-21
| url = http://timesofindia.indiatimes.com/business/india-business/anil-fires-fresh-salvo-at-mukesh/articleshow/989751.cms
| title = Anil fires fresh salvo at Mukesh
| work = The Times of India
| date = 2005-01-13
| accessdate = 2007-09-21
| url = http://www.hindu.com/2005/01/04/stories/2005010406580100.htm
| archive-url = https://web.archive.org/web/20050104131013/http://www.hindu.com/2005/01/04/stories/2005010406580100.htm
| url-status = dead
| archive-date = 2005-01-04
| title = Anil Ambani quits as IPCL Vice-Chairman
| work = The Hindu
| date = 2005-01-03
| accessdate = 2007-09-21
| location=Chennai, India
| url = http://www.telegraphindia.com/1050105/asp/business/story_4213842.asp
| archive-url = https://web.archive.org/web/20050105141430/http://www.telegraphindia.com/1050105/asp/business/story_4213842.asp
| url-status = dead
| archive-date = 5 January 2005
| title = Stocks pause for breath
| publisher = The Telegraph, Calcutta
| date = 2005-01-05
| accessdate = 2007-09-21
| location=Calcutta, India
}} 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
| archive-url = https://web.archive.org/web/20051126060704/http://www.telegraphindia.com/1050619/asp/business/story_4887796.asp
| url-status = dead
| archive-date = 26 November 2005
| title = Anand Jain quits IPCL board
| work = The Telegraph
| date = 2005-06-19
| accessdate = 2007-09-21
| location=Calcutta, India
| url = http://in.rediff.com/money/2005/jun/18ril6.htm
| title = Anil wins; Anand Jain out of IPCL
| work = Rediff.com
| date = 2005-06-18
| accessdate = 2007-09-21
|url=http://www.outlookindia.com/pti_news.asp?id=305157
|archive-url=https://archive.today/20130104091709/http://www.outlookindia.com/pti_news.asp?id=305157
|url-status=dead
|archive-date=2013-01-04
|title=Anil gets settlement bonus - shelving Anand Jain from IPCL
|work=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
| archive-url = https://web.archive.org/web/20060514222039/http://www.hindu.com/2005/07/14/stories/2005071409271801.htm
| url-status = dead
| archive-date = 2006-05-14
| title = Anand Jain stays on IPCL board
| work = The Hindu
| date = 2005-07-14
| accessdate = 2007-09-21
| location=Chennai, India
| url = http://www.telegraphindia.com/1050714/asp/business/story_4987719.asp
| archive-url = https://web.archive.org/web/20051125052807/http://www.telegraphindia.com/1050714/asp/business/story_4987719.asp
| url-status = dead
| archive-date = 25 November 2005
| title = Jain still on IPCL board
| work = The Telegraph
| date = 2005-07-13
| accessdate = 2007-09-21
| location=Calcutta, India
}}
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/business/india-business/reliance-cap-to-issue-preference-shares/articleshow/39580476.cms
| title = Reliance Cap to issue preference shares
| work = 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 the 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 Rewas Port Limited.{{cite news
| url = http://timesofindia.indiatimes.com/business/india-business/mukesh-group-cos-buy-stake-in-rewas-port/articleshow/1971593.cms
| title = Mukesh group cos buy stake in Rewas Port
| work = The Times of India
| date = 2006-09-09
| accessdate = 2007-09-21
| first1=Manju
| last1=Menon
| url = http://economictimes.indiatimes.com/articleshow/1661435.cms
| title = Anand Jain's fund raises Rs 2,200 cr
| work = 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 the Urban Infrastructure Venture Capital Fund. He is also a director of the following ventures:
Presently a senior executive with the Reliance Group, Anand Jain, is involved in the first greenfield Special Economic Zone (SEZ) at Mumbai.{{cite news
| url = http://www.dnaindia.com/report.asp?NewsID=1074581
| title = Reliance cuts Rs 35,000 cr plan for SEZs
| work = DNA
| date = 2007-01-15
| accessdate = 2007-09-21
|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
|url-status=dead
|archive-url=https://web.archive.org/web/20081006062313/http://www.businessworld.in/index.php/Corporate/Out-Of-The-Shadows.html
|archive-date=6 October 2008
|df=dmy
|access-date=23 July 2008
}}
Anand Jain is a member of the Managing Council of Sir 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.