Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, has achieved the prestigious rank of No. 2 globally and secured the top position among Indian executives in the Brand Guardianship Index 2023, as compiled by Brand Finance. This index recognizes CEOs who contribute to sustainable business growth by balancing the interests of various stakeholders, including employees, investors, and the broader society.
Ambani outperformed global leaders such as Satya Nadella of Microsoft, Sundar Pichai of Google, Tim Cook of Apple, and Huateng Ma of Tencent, as well as other notable Indian figures like N Chandrasekaran of Tata Group, Anand Mahindra, and Sunil Bharti Mittal, among others.
With a Brand Guardianship Index score of 81.7, Ambani was positioned just below Jensen Huang of Nvidia, who scored 83. According to Brand Finance, Ambani's commitment to overseeing Reliance's transition to green energy, diversification in telecoms and retail, and initiatives like the launch of the new FMCG brand, Independence, contributed to his top performance in the "Inspires positive change" metric within the Brand Guardianship Index.
As the face of the Reliance brand, Ambani's long-term dedication to positive change, including the investment of revenue from Reliance's petrochemicals business into creating a more diverse and sustainable business portfolio, has enhanced his perception as the Chairman and Managing Director of the group.
The Brand Guardianship Index was unveiled in Davos during the World Economic Forum, with Brand Finance emphasizing the celebration of CEOs who balance commercial success, long-term brand building, and personal reputation management. This index aims to recognize CEOs as brand guardians who forge collaborative partnerships for a sustainable future, redefining the CEO role from a competitive entrepreneur to a collaborative diplomat.
The Brand Guardianship Index factors in 'Equity' for current perceptions, 'Performance' for tangible results, and 'Investment' for future support. The rankings are based on a survey of 1,000 market analysts and journalists, two stakeholder groups with influential views on CEOs' reputation. Ambani's recognition reflects his standing as a global business leader committed to positive change and sustainable business practices.
(With Agency Inputs)
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