The result of Dhirubhai Ambani's visionary thinking, which came out of a small town in Gujarat, has become one of the major companies of not only in India but also in the world. His success story is influencing millions of people in the country and the world. Today i.e. on 6th July is the death anniversary of Dhirubhai Ambani, on this occasion, know some of the most important aspects of his life...
Let me tell you that his full name is Dhirajlal Hirachand Ambani. Dhirubhai was born on 28 December 1932 to a Modh (Vaishya) family in Chorwad, a small town near Junagadh city, Gujarat. His father was a school teacher. He had first started his business life by selling Bhajiya to pilgrims visiting the nearby Girnar hill.
He had studied only till the 10th standard and proved that it is very important to get big management degrees to become a top entrepreneur. At the age of 16, he first moved abroad in 1955. He moved to the Yemeni city of Aden to work with his brother Ramniklal. In Aden, he first took up his job as an assistant at a petrol pump and his salary was only Rs 300 per month.
After some time, he returned to India and started selling Bhajia to pilgrims at Girnar peak. Within five years of which he along with one of his cousins, Champaklal Damani established Reliance Commercial Corporation in 1960. His first office was in a room of 350 sqft at Narsinathan Street in Mumbai's Masjid Bunder area. It had two tables, three chairs and a telephone.
He started this business with a capital of only 50 thousand rupees and two helpers. Today, the market capitalisation of Mukesh Ambani-led Reliance Industries alone has crossed Rs 11 lakh crore. The name of his company has been changed several times. Earlier, it was renamed Reliance Commercial Corporation which was changed to Reliance Textiles Private Limited and finally reliance industries limited. Not only this, Dhirubhai started importing nylon, which made him a profit of about 300 per cent.
In 1996, Reliance became the first private company in India to have been rated by international credit rating agencies like S&P, and Moody's. Under his leadership, Reliance has become the first private company to have an annual General Assembly (AGM) being held at the stadium. One such AGM in 1986 had 3.50 lakh people. After which he expanded his business and ventured into many sectors like petrochemicals, telecom, energy, and power. Dhirubhai suffered a brain stroke twice. The first time in 1986 and the second time on June 24, 2002. He died on July 6, 2002.