The Wharton School of the University of Pennsylvania has named a 300-seat, state-of-the-art auditorium as the Dhirubhai Ambani Auditorium in honour of the late founder chairman of Reliance Industries Ltd.
The naming was announced at a special dedication ceremony in Philadelphia on Monday with a multimillion dollar gift from his son, Anil Dhirubhai Ambani, chairman of Reliance Anil Dhirubhai Ambani Group.
"We are deeply grateful for this outstanding gift and are proud to name this prominent facility for Dhirubhai Ambani," said Wharton Dean Patrick Harker as several members of the Ambani family, including Dhirubhai Ambani's wife Kokilaben and Anil Ambani's wife Tina Ambani joined Wharton School administrators at the ribbon-cutting ceremony.
"He was a true pioneer in the development of the Indian economy, opening opportunity to thousands of his fellow citizens through his then-innovative public stock offerings. We are honoured to have this outstanding opportunity to pay lasting tribute to Mr Ambani and the companies he built, and the important role he played in India's economic growth, and we are grateful to his son Anil for choosing to remember him in this meaningful way," Harker said.
Dhirubhai Ambani was awarded the prestigious Dean's Medal from the Wharton School in 1998. As the 24th recipient of this honour, Ambani was recognized for his work as chairman of Reliance Industries Limited, and for his role in revolutionizing the concept of investing in India through the creation of wealth and value for millions of shareholders. Anil Ambani received his MBA from Wharton in 1983 and currently serves as a member of the Board of Overseers.
Founded in 1881 as the first collegiate business school, The Wharton School is recognised globally for intellectual leadership and ongoing innovation across every major discipline of business education.
The school has more than 4,600 undergraduate, MBA, executive MBA, and doctoral students; more than 8,000 annual participants in executive education programs; and an alumni network of more than 81,000 graduates.
Reliance Anil Dhirubhai Ambani Group is one of India's leading private sector organisations, with a global customer base of over 50 million. The interests of the group range from communications and financial services, to generation, transmission and distribution of power, infrastructure and entertainment. Its shareholder base of over 8 million is among the largest in the world.