2. Biography Of Dhirubhai Ambani
Mr. Dhirajlal Hirachand Ambani
• He was born on 28 December 1932, Chorwad, Junagadh
State, British India. But now in present, the place is called
Gujarat, India.
• SPOUSE– Kokila Dhirubhai Ambani (m-1955)
• Organisations – Reliance Industries, Reliance
Infrastructure, Reliance Capital and Reliance power.
• Died on 6 July 2002 at the age of 69 in Mumbai Maharashtra,
India.
• AWARDS – PADMA VIBHUSHAN (2016) Posthumously.
• Padma Vibhushan (Lotus Decoration) is the second highest
civilian award of the Republic of India, after the
BHARAT RATNA.
3. JOURNEY OF LIFE
In 1950, at the age of 17, Dhirubhai ambani sailed, steerage class
have a look for job. For the next eight yrs, he sweated it out and a
salary of Rs.300. Eight yrs later, his salary was just Rs.1100 .Then he
realise its not a good point to continue it.
Ambani started in partnership with Champaklal Damani, his second
cousin, who lived with him in yemen.
Import polyester yarn and export spices to yemen.
The strategy offering higher quality products and accepting small
profits than his competitors.
Then After,
The opening of first reliance textile mill in 1966.
4. The first office of the Reliance Commercial Corporation was
set up at the Narsinatha Street in Masjid Bunder. It was a
350 sq ft (33 m2) room with a telephone, one table and
three chairs. Initially, they had two assistants to help them
with their business.
During this period, Ambani and his family stayed in a two-
bedroom apartment at the Jai Hind Estate in Bhuleshwar,
Mumbai. In 1965, Champaklal Damani and Dhirubhai
Ambani ended their partnership and Ambani started on his
own. It is believed that both had different temperaments
and different takes on how to conduct business.
5. • The Reliance was founded as a startup, even before startups,
Dhirubhai Ambani founded reliance with a table and a chair and a
thousand rupees. It was five decades ago.
• Every small business and enterpreneur has the potential in India
to become a ‘Dhirubhai Ambani’ or a ‘Bill Gates’ . And that is the
power, that is what differentiates India in the rest of the world.
• {Between my past, the present, and the future, there is one
common factor: Relationship and Trust. This is the foundation of
our growth.}
6. Allegation of market manipulation
In 1988, Reliance Industries came up against a rights issue regarding partly convertible
debentures. It was rumored that the company was making all efforts to ensure that their
stock prices did not slide an inch. Sensing an opportunity, The Bear Cartel, a group of
stock brokers from Calcutta, started to short sell the shares of Reliance.
To find a solution to this situation, the Bombay Stock Exchange was closed for three
business days. Authorities from the Bombay Stock Exchange (BSE) intervened in the
matter and brought down the "Unbadla" rate to ₹ 2 with a stipulation that the Bear Cartel
had to deliver the shares within the next few days. The Bear Cartel bought shares of
Reliance from the market at higher price levels and it was also learnt that Dhirubhai
Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out
of The Bear Cartel's adventure.
.
7. After this incident, Not many people were able to understand how a yarn trader
until a few years ago was able to get in such a huge amount of cash flow during
a crisis period. The finance minister, informed the house that a Non-Resident
Indian had invested up to ₹ 220 million in Reliance during 1982–83. These
investments were routed through many companies like Crocodile, Lota and
Fiasco..
8. Career
In 1981 he expand in refining and petrochemicals. The business also
included products and services in the retail and telecommunications
industries. Reliance's Jio has earned a top-five spot in the country's
telecommunication services since its public launch on 5 September
2016.
9. • In 1985, the name of the company was changed from Reliance Textiles
Industries Ltd. to Reliance Industries Ltd. During 1985 to 1992, the company
expanded its installed capacity for producing polyester yarn by over 145,000
tonnes per annum.
• In 1993, Reliance turned to the overseas capital markets for funds through a
global depository issue of Reliance Petroleum.
• In 1995/96, the company entered the telecom industry through a joint
venture with NYNEX, USA, and promoted Reliance Telecom Private Limited
in India.
• In 1998, Reliance took over Indian Petrochemicals Corporation Limited
during privatization of public sector enterprises.
• In 1998/99, RIL introduced packaged LPG in 15 kg cylinders under the brand
name Reliance Gas.
• The years 1998–2000 saw the construction of the integrated petrochemical
complex at Jamnagar in Gujarat, the largest refinery in the world.
10. • By the end of 2008, Reliance Retail had close to 600 stores
across 57 cities in India.
• In 2010, Reliance entered the broadband services market
• In August 2019, Reliance added Fynd primarily for its consumer
businesses and mobile phone services in the e-commerce
space.
• In December 2022, Reliance Industries Market cap stood at
Rs.17,59,017.23 crore.
• The company's equity shares are listed on the National Stock
Exchange of India Limited (NSE) and the BSE Limited. The Global
Depository Receipts (GDRs) issued by the company are listed on
London Stock Exchange.
• Approximately 3.46% of its total shares are listed on
Luxembourg Stock Exchange.
12. "All of us, in a sense, struggle continuously all the time because we never
get what we want. The important thing which I've really learned is how
do you not give up, because you never succeed in the first attempt."
