We all know about this successful man who made other people proceed with the dream of doing something and creates a trademark of their name. We are here with another big entrepreneur who had a big dream to become the successful person in the country. Take out a few minutes to read the success story of Dhirubhai Ambani of becoming a big tycoon of India.
Born as Dhirajlal Hirachand Ambani on 28 December 1932 at Chorwad in Junagadh, Gujrat. He was born in a Modh Baniya family, his father Hirachand Govardhandas Ambani was a school teacher and Jamanaben Ambani was a housewife. Ambani has 4 siblings named Trilochanaben, Ramnikbhai, Jasuben, and Natubhai and he was the second son. He has a very little interest in studies, though his father was a school teacher, when he has grown up he became the intelligent and hardworking person.
He married to Kokilaben Ambani in 1954 and has four children- Anil Ambani, Mukesh Ambani, Nina Kothari and Deepti Salgaonkar. In 1986 he got a first stroke which led him down and then he handed the company over to his son who is pursuing his business.
Dhirubhai Ambani started his business career by selling ‘pakoras’ to the pilgrims in Mount Girnar at weekend time. When he was 16 years old, Dhirubhai went to Aden, Yemen, where he worked with A. Besse & Co. with a salary of rupees 300 only. After two years the A. Besse & Co. became the distributor of the Shell products. Dhirubhai was encouraged to manage the oil filling station at the airport of Aden.
In 1962, he returned to India gaining all the experience of doing business, he started his own company The Reliance Commercial Corporation. Dhirubhai invested capital of Rs. 15000 in starting a firm. He named his business ‘Majin’ which was in Partnership with his cousin Champaklal Damani. They have an import-export business in which they import polyester yarn and export spices. Soon they both decide to end up the partnership just because of their different thinking. Champaklal Damani believes no profit in making yarn inventories. But Dhirubhai Ambani was known for risk-taking, he started his own business and believed in building inventories and increase profit.
Polyester Prince and Reliance Industries
He knows how to do the business and increase selling and never fails in keeping promises, absorbing the losses and sharing profits with all. Doing business of textile was a risky decision, but Dhirubhai knows the tricks to trade quickly that took him to the dizzying heights. In 1966, Ambani set his first textile company in Naroda, Ahmedabad and it was the biggest hurdle of his life. Many owners of other mills were opposing the Vimal.
Dhirubhai and his highly motivated team cut the wholesaler and directly contacted the retailers. The popularity of the fabric led a number of retailers to sell the ’Only Vimal’. This led the Reliance Industries to grow in the Indian and earning more and more profits.
In mid-2002 the turnover goes to Rs. 75000crore from Rs 70crortheat was in the mid-1970s. High finance is the key to success to Dhirubhai raised the deal of money issuing 6 series of convertible debentures and then converting into premium shares.
India’s one of the greatest visionaries and iconic tycoon showed to Indian people that what is possible. Without having higher degrees and family investment he achieved what others could not. In 2002 on 6th July Mr. Dhirubhai Ambani died due to stroke. He won the Padam Vibhushan Awards after his death in 2016.