Reji Abraham
Reji Abraham | |
|---|---|
| Born | India |
| Occupation | Businessman |
| Known for | Managing director of Aban Group; Head of Aban Offshore |
Reji Abraham serves as the managing director of the Aban Group based in India. He appeared on the Forbes global wealth rankings in both 2008 and 2009. Abraham heads Aban Offshore, the leading offshore drilling enterprise in India, which operates out of Chennai. Forbes reported in 2008 that Abraham was positioned as the 605th wealthiest individual worldwide, with an estimated net worth of $2 billion. However, by 2009, his wealth had decreased to approximately $770 million, a reflection of Aban Offshore's financial performance. In 2014, the market value of Aban Offshore experienced a significant decline during an extended bearish phase.
His academic credentials include a Bachelor of Engineering (BE) and a Master of Business Administration (MBA).
History
The origins of Reji Abraham's business ventures trace back to 1986 when his late father, M.A Abraham, founded a modest construction company. Following his father's death in 2004, Reji took over leadership of the Aban Group. During his tenure, the group completed a major acquisition by purchasing assets from the Norwegian firm Sinvest for $1.3 billion.
Awards
- 2008: Included in Forbes' ranking of the world's richest individuals.