The Incredible Rags To Riches Story Of Dhirubhai Ambani

The Incredible Rags To Riches Story Of Dhirubhai Ambani

Pocket

Early Life

Dhirajlal Hirachand Ambani a.k.a Dhirubhai Ambani was born on the 28th of December, 1932, at Chorwad, Gujarat. His entrepreneurial career began as a teenager when he used to sell “bhajias” to pilgrims in Mount Girnar over the weekends.

Start of career

Having completed his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant for A. Besse & Co. for a salary of Rs. 300 per month. He came back to India in 1958 with Rs 50,000 and set up a textile trading company with his cousin, Champaklal Damani.

His first textile mill was set up at Naroda, near Ahmedabad. It was then that he launched his brand “Vimal”. Later he diversified his business into various sectors like petrochemicals, telecommunications, Information Technology, Power, Retail, Textiles and Logistics.

Rise To Fame

The year 1992 saw Reliance becoming the first Indian company to raise money in global markets. It also has the credit of being the first Indian company to get featured on Forbes 500 list. It was a proud moment for Indian entrepreneurs when Dhirubhai’s name was featured in the selected Forbes billionaires list.

He was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). He was also listed by Sunday Times as one of the top 50 businessmen in Asia.

Later in 1986, he handed over the Reliance Group to his sons, Mukesh and Anil. After his death, it was split into Reliance Industries headed by Mukesh Ambani and Reliance Anil Dhirubhai Ambani Group headed by Anil Ambani.

Dhirubhai Ambani died on July 6, 2002, at Mumbai.

A visionary unlike any other, Dhirubhai has set standards for the Indian entrepreneurs and has shown the world that India doesn’t lag behind in entrepreneurial endeavours. Let his life story be an inspiration for you to dream higher and work harder to achieve your goals in business and life.

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *