Table of Contents
EARLY LIFE
- Dhirubhai, born on 28 December, 1932, was the the third son of a school teacher in Gujarat.
- No one could have imagined then that the student of Junagadh’s Bahadur Kanji High School – who stopped studying after the tenth standard to join his elder brother, Ramniklal in Aden – would one day claim a rightful place among the richest men in the world.
- Hirachand Gordhanbhai Ambani, a village school teacher belonging to the Modh community and Jamnaben Ambani and was born in Chorwad, Junagadh district, Gujarat Dhirubhai married Kokila, and they had four children; Mukesh Ambani, Anil Ambani, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar.
- In 1957, Dhirubhai arrived in Mumbai after spending 8 years in Aden (Yemen), he had only Rs 500 in his pocket.
THE RISING
- By 1958, when he started his first small trading venture, his family used to reside in a one room apartment at Jaihind Estate in Bhuleshwar.
- After trading in a range of products, primarily spices and fabrics, for eight years, Dhirubhai managed to become the owner of a small spinning mill at Naroda, near Ahmedabad. This was a turning point for him.
- The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder.
RELIANCE
- In 1966 he formed Reliance Commercial Corporation which later became Reliance Industries on 08 May 1973.
- Extensive marketing of the brand in the interiors of India made it a household name.
- By 1976-77, Reliance had an annual turnover of Rs 70 crore (Rs 700 million). For many that would have been enough. But Dhirubhai was just getting started.
RELIANCE
- In 1977, Reliance Industries went public and raised equity capital from 58,000 investors, many of them located in small towns.
- From then onwards, Dhirubhai started extensively promoting his company’s textile brand name, Vimal. The story goes that on one particular day, the Reliance group chairman inaugurated the retail outlets of as many as 100 franchises.
- Indira Gandhi returned to power in the 1980 general elections and Dhirubhai shared a platform with the then prime minister of India at a victory rally.
AMBANI
- Of course, success is never a one-way street. Dhirubhai Ambani had his rivals and they tried to bring him down in every way possible.
- In 1988, Reliance Industries came up against a rights issue regarding partly convertible debentures..
- Following his first stroke in 1986, Ambani handed over control of Reliance to his sons, Mukesh and Anil. In November 2004, Mukesh in an interview admitted to having differences with Anil over ownership issues
RICHEST MAN
- He diversified into petrochemicals and sectors like Telecommunications, Information Technology, Energy, Power, Retail, Textiles, Capital Markets and Logistics.
- He rose from humble beginnings to create India’s largest industrial empire, and in the process, became one of the world’s richest men. He rewrote India’s corporate history for which he was featured among the select Forbes billionaires list.
- When he breathed his last in 2002 – he was ranked by Forbes as the world’s 138th-richest person, with an estimated net worth of $2.9 billion.
DEATH
- Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June 2002 after he suffered a major stroke. It was his second stroke, the first had occurred in February 1986 and had paralyzed his right hand.
- He was in a coma for more than a week and a number of doctors were consulted. He died on 6 July 2002.
- After the death of Dhirubhai Ambani, the group was split into Reliance Industries Limited headed by Mukesh, and Reliance Anil Dhirubhai Ambani Group headed by Anil.
RELIANCE
- According to the Forbes’s annual list and the Mukesh Ambani-led Reliance Industries Ltd leads the pack with a rank of 142 — with a market value of $42.9 billion and $71.7 billion in sales.
- Their revenues are roughly equal to 2.8% of India’s GDP. It also contributes 8.2% of India’s total exports, 8% of the Government of India’s Indirect tax revenues. RIL is India’s largest exporter with exports constituting nearly 37% of its revenues STUDY IQ
Biography Free PDF
WhatsApp