Posts tagged Dhirubhai Ambani
Biography – Indian Entrepreneurs – Dhiru Bhai Ambani
Born: December 28, 1932
Died: July 6, 2002
ChildHood/Education – Dhirubhai Ambani was born on December 28, 1932, in a Modh Family at Chorwad, Gujarat. He was the son of a school teacher. He showcased his geniuses in business at a very early age when he sold “bhajias” to the pilgrims that used to visit Mount Girnar during the weekends. He moved to Aden in Yemen for earning after completing his matriculation at an age of 16. He served as a gas-station attendant and a clerk in Oil Company. He came back to India in 1958 with Rs 50,000 and founded textile trading company.
Work Life – Dhiru Bhai showed a great temperament for business and made exponential growth. His phenomenal rise in the Indian industry has been one of the most landmark events in the Indian Business. He along with his two sons, Mukesh and Anil created Reliance India Limited from the beginning and it became the largest private sector company of the India. Dhiru Bhai Ambani was a man of great vision and he diversified his business into a core specialisation including petrochemicals information technology, energy, telecommunications, power, textiles, retail, infrastructure services, logistics and capital markets.
Achievements – Dhirubhai Ambani is being widely appreciated for shaping the India’s equity culture. His initiative has attracted millions of retail investors in the market that was dominated by financial institutions. He had led to the revolution of the capital markets and issues public offer to generate funds for his ever increasing businesses. His efforts generated billions of rupees for people who trusted his companies. His efforts led to the creation of equity cult in the Indian capital market. Reliance ruled the stock markets in 1980s with innovative instruments like the convertible debentures.
Reliance became the first Indian company in 1992 that raised the money in global markets because of its high credit-taking in international markets. It is also the first Indian company to feature in Forbes 500 list. Dhirubhai Ambani was awarded with “Indian Entrepreneur of the 20th Century” by (FICCI). He was regarded as the greatest creator of wealth as per the poll results.