write the success story of ambani
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If you don’t build your dream, someone else will hire you to build theirs”. Such was the thought of a person with fiery instinct who laid the foundation of India’s biggest private sector conglomerate – Reliance Industries.
Who would have imagined that a man operating out of 350 sq.ft room, could ever hold his annual general meetings in football stadiums. From being a one man show, Dhirubhai made Reliance Industries a family of 85,000 people and contribute a major amount to Central Government tax revenue.
It was Dhirubhai’s strong business acumen, never-say-die attitude and risk taking ability that he has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia.
His life has often been referred to as a true “rags to riches” story.
Dhirubhai belonged to a very poor family. He was a very bright student and wanted to complete his graduation. But his dream to pursue the studies melted down when he had to go to Aden, Yemen to make a living for his family. Dhirubhai started working as a clerk with A.Besse & Co., the biggest trading firm of the region.
Dhirubhai made good use of this opportunity and learnt much about commodity trading, imports and exports, wholesale merchandising, marketing, and sales and distribution. He learnt about currency trading from the people of various nationalities whom he met at the port and mastered accounting at a Gujarati trading firm. He soon discovered that he had a natural flair for speculative trading.
The understanding of the market trends that he developed over the years and his insatiable desire to be successful, made him the king of speculative trading.
At the boarding house where he lived with another twenty-five or so young Gujarati clerks and office boys, he devoted long hours of the night mastering English grammar, essay writing, current affairs and a host of subjects that took his fancy from week to week. He was the first to snatch the English, Gujarati and Hindi daily papers and weeklies as soon as they arrived by the ship ever day. He also devoured all sorts of books, magazines and journals the passengers arriving from various European and Indian ports left in the ships and at the offices of various shipping agents.
Through restricted means, he was always figuring out and mastering the ways to advance his knowledge about the nuances of the trade. Although he was sailing in the ocean full of opportunities but with lack of money, he thought of generating and building up capital on his own. It started with borrowing the money from all available sources and then increasing it multi-fold with the unparalleled insight and I-can-do-it-attitude.
Everyone knows that he was merely a petrol pump attendant in the initial days. But the dream of building up a oil refinery had shaped up from their only.
Who would have imagined that a man operating out of 350 sq.ft room, could ever hold his annual general meetings in football stadiums. From being a one man show, Dhirubhai made Reliance Industries a family of 85,000 people and contribute a major amount to Central Government tax revenue.
It was Dhirubhai’s strong business acumen, never-say-die attitude and risk taking ability that he has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia.
His life has often been referred to as a true “rags to riches” story.
Dhirubhai belonged to a very poor family. He was a very bright student and wanted to complete his graduation. But his dream to pursue the studies melted down when he had to go to Aden, Yemen to make a living for his family. Dhirubhai started working as a clerk with A.Besse & Co., the biggest trading firm of the region.
Dhirubhai made good use of this opportunity and learnt much about commodity trading, imports and exports, wholesale merchandising, marketing, and sales and distribution. He learnt about currency trading from the people of various nationalities whom he met at the port and mastered accounting at a Gujarati trading firm. He soon discovered that he had a natural flair for speculative trading.
The understanding of the market trends that he developed over the years and his insatiable desire to be successful, made him the king of speculative trading.
At the boarding house where he lived with another twenty-five or so young Gujarati clerks and office boys, he devoted long hours of the night mastering English grammar, essay writing, current affairs and a host of subjects that took his fancy from week to week. He was the first to snatch the English, Gujarati and Hindi daily papers and weeklies as soon as they arrived by the ship ever day. He also devoured all sorts of books, magazines and journals the passengers arriving from various European and Indian ports left in the ships and at the offices of various shipping agents.
Through restricted means, he was always figuring out and mastering the ways to advance his knowledge about the nuances of the trade. Although he was sailing in the ocean full of opportunities but with lack of money, he thought of generating and building up capital on his own. It started with borrowing the money from all available sources and then increasing it multi-fold with the unparalleled insight and I-can-do-it-attitude.
Everyone knows that he was merely a petrol pump attendant in the initial days. But the dream of building up a oil refinery had shaped up from their only.
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true rags-to-riches story, Dhirajlal Hirachand Ambani, has been undisputedly India's most enterprising entrepreneur. Born in a gujarati family Dhirubai moved toYemen at the age of 16, where he worked as a dispatch clerk with A. Besse & Co.
After working in Dubai for sometime he later returned to India where he founded the Reliance Commercial Corporation with a meager capital of Rs. 15000. He set up the business in partnership with Champaklal Damani from whom he split in 1965.
Dhirubhai started his first textile mill at Naroda, near Ahmedabad and launched the brand "Vimal". He later 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. He also figured in the Sunday Times list of top 50 businessmen in Asia.
Credited for starting the equity cult in India, Dhirubhai was praised for his key role in shaping India's stock market culture by attracting hordes of retail investors to a market monopolized by state-run financial institutions.
He never followed the traditional way and was often targeted for his business strategies due to which he courted controversy all throughout his life. The 'Dhirubhai school of management' firmly believed that the only thing which mattered were the end results and the benefits which infiltrated directly to the shareholders.
He won many awards and accolades during his lifetime. In 2000, he was conferred the 'Man of the Century' award by Chemtech Foundation and Chemical Engineering World for his contribution to the growth and development of the chemical industry in India. In 1998, he was awarded the Dean's Medal by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani was also named the "Man of 20th Century" by the Federation of Indian Chambers of Commerce and Industry (FICCI).
A perfect amalgamation of grit and determination, Dhirubai believed in his dreams and he lived it. He was of the belief “Dhirubhai will go one day. But Reliance's employees and shareholders will keep it afloat. Reliance is now a concept in which the Ambanis have become irrelevant.”
In 1986 after a severe heart stroke he handed over Reliance Group to his sons Mukesh and Anil. After his death, the colossal corporate group was split into Reliance Industries, headed by Mukesh Ambani and Reliance Anil Dhirubhai Ambani Group (ADAG), led by Anil Ambani.
A visionary by birth, his life has been an inspiration for many and will serve as a beacon light for the generations to come.
After working in Dubai for sometime he later returned to India where he founded the Reliance Commercial Corporation with a meager capital of Rs. 15000. He set up the business in partnership with Champaklal Damani from whom he split in 1965.
Dhirubhai started his first textile mill at Naroda, near Ahmedabad and launched the brand "Vimal". He later 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. He also figured in the Sunday Times list of top 50 businessmen in Asia.
Credited for starting the equity cult in India, Dhirubhai was praised for his key role in shaping India's stock market culture by attracting hordes of retail investors to a market monopolized by state-run financial institutions.
He never followed the traditional way and was often targeted for his business strategies due to which he courted controversy all throughout his life. The 'Dhirubhai school of management' firmly believed that the only thing which mattered were the end results and the benefits which infiltrated directly to the shareholders.
He won many awards and accolades during his lifetime. In 2000, he was conferred the 'Man of the Century' award by Chemtech Foundation and Chemical Engineering World for his contribution to the growth and development of the chemical industry in India. In 1998, he was awarded the Dean's Medal by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani was also named the "Man of 20th Century" by the Federation of Indian Chambers of Commerce and Industry (FICCI).
A perfect amalgamation of grit and determination, Dhirubai believed in his dreams and he lived it. He was of the belief “Dhirubhai will go one day. But Reliance's employees and shareholders will keep it afloat. Reliance is now a concept in which the Ambanis have become irrelevant.”
In 1986 after a severe heart stroke he handed over Reliance Group to his sons Mukesh and Anil. After his death, the colossal corporate group was split into Reliance Industries, headed by Mukesh Ambani and Reliance Anil Dhirubhai Ambani Group (ADAG), led by Anil Ambani.
A visionary by birth, his life has been an inspiration for many and will serve as a beacon light for the generations to come.
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