Current Job: SMD,Blackstone Group
BE Chemical, IIT Delhi
Raised in Mumbai
Mr. Akhil Gupta is a Senior Managing Director and the Chairman of Indian Operations of The Blackstone Group, which is one of the world?s leading private equity firms.
Mr. Akhil Gupta received his Bachelor’s degree in Chemical Engineering , with distinction from the Indian Institute of Technology in Delhi, I Delhi in 1973. Soon after completing his engineering he joined Hindustan Lever Ltd. (HLL) as a management trainee. After a distinguished career at HLL, he left Hindustan Lever Ltd in 1979 and joined? Graduate School of Business at Stanford University .He got his MBA degree in 1981. He then chose consultancy as his job? for six years, and got engaged with Startup Planning Associates and ICF Corporate at Washington DC, and later in leverage buyouts. Mr. Gupta received one of the fastest promotions to become a partner in the ICF Corporate. He was one of the first Indians to be successful in leverage buyouts as a Principal.?
In 1992, he returned to India and joined Reliance. Mr. Gupta was given the task of developing Reliance’s diversification strategy as the CEO for Corporate Development.It was? Mr. Gupta’s efforts which resulted in the successful launch of? Reliance into the E&P business with a joint venture with ONGC and Enron, which developed the Panna, Mukta, and Tapti fields to augment India’s energy supplies. Mr. Gupta is also responsible to have? developed an innovative exploration strategy, which later resulted in Reliance discovering a 14 TCF gas field in 2002-the largest gas discovery in the world in that year. When in operation, this field would contribute to over fifty percent of India’s gas production, and will go a long way towards India’s energy security
Mr. Gupta also led the team that developed the business strategy for Reliance’s Refinery Business. This strategy resulted in Reliance putting up the largest grass root refinery ever built and one of the most competitive refineries in the world. This refinery doubled Reliance group’s market cap and catapulted this group into leadership position in the Indian corporate sector.?
Later his efforts facilitated Reliance’s entry into the telecom business by launching GSM services in 13 states. This was the precursor of Reliance Infocomm that is revolutionizing India’s telecommunication sector.? Mr. Gupta serves on the Advisory Board of the Nanyang Business School, Singapore
Business world Interview with Akhil Gupta