Dhirubhai Ambani was an Indian entrepreneur who founded Reliance Industries Limited story of dhirubhai ambani pdf made it one the largest private sector comapnies in India. Know more about his childhood, life, works and achievements in this biography.
A behind-the-scene look at the life of Dhirubhai Ambani. Fiery instinct, futuristic outlook, indomitable will, and a burning passion was all that Dhirubhai Ambani had when he set out to work his way for a living in the lanes of Bombay, way back in 1958. From being a spice dealer to a cloth merchant to a textile producer, it was his overarching ambition, inexhaustible energy and never-say-die spirit that led him through all the obstacles to emerge as the business tycoon of India. He established and laid the foundation for Reliance Industries, which has become one of the largest conglomerates of India today.
It was through his futuristic vision and strong business acumen that Reliance Industries created history in the Indian industry, a legacy that would serve as an inspiration for generations to come! Dhirubhai Ambani’s life is surely the rags to riches story, as he took one step at a time to become one of the industrial giants of the country. It was through his zeal, bonhomie and invincible spirit of conquering the universe that he transformed his men from clay into steel and helped them attain the pinnacle of success. For more on his life and profile, read on. Dihrubhai Ambani was born in a Modh baniya family to Hirachand Govardhandas Ambani and Jamanaben in the village of Chorwad in the district of Junagarh. His father was employed as a school teacher while his mother was a homemaker. Raised in frugal living conditions, right from an early age, he was aware of the insufficiencies that the family dealt with due to the meagre income of his father and large expenses.
While at school at Junagarh, he was elected as the General Secretary of the Junagarh State Union. He organized a rally on Indian Independence Day, defying the rules of the Nawab, head of the state. Next, he became a part of the Praja Mandal Movement that organized rallies to bring about constitutional reforms in the state. The result was the fleeing of the Nawab to Pakistan and Junagarh being a part of the Indian Union. It was his passion and active political involvement that brought him to the notice of political leaders. In 1949, a new Socialist party emerged from the Congress of which he found himself a part of.
For the upcoming municipal elections in Junagarh, he started campaigning for his favourite candidates, which eventually resulted in their victory. Though he was offered a place in the Party, he declined the offer to walk on road of his true calling. Leaving aside his political pursuits, he concentrated on academics and gave his matriculation exams. If you don’t build your dream, someone else will hire you to help them build theirs. At Aden, he took up a clerical job at A. Co, the largest transcontinental trading firm east of Suez. The company dealt with trading all sorts of goods to European, American, African and Asian companies.
Curious to learn the tricks of the trade, he soon started working simultaneously for a Gujarati trading firm. It was there that he learnt accounting, book keeping and preparing shipping papers and documents. He also acquired the skill of dealing with banks and insurance companies. Soon he took to speculative trading, in all sorts of goods and made profitable deals, a fact which made his competitors think of him having a knack for trade. He was then promoted to the oil filling station at the newly built harbour.
It was therein that thoughts of building a refinery first shaped his dream. Meanwhile, Yemeni movement for independence curtailed opportunities for Indians living in Aden. Thus, he moved back to India in 1958 and started exploring business opportunities in Bombay. Since he could not make large investments, he settled as a spice trader under the name Reliance Commercial Corporations.
He soon started trading spices, sugar, jaggery, betel nuts and such to Gulf Emirates. He focused on low profits, high volumes and rich quality. Not the one to be contented easily, he soon shifted focus to yarn trading, which though had high levels of risks involved, promised richer dividends as well. Starting on a small scale, he soon made big deals in yarn to the point of being elected a director of the Bombay Yarn Merchants Association. His foresightedness and ability to judge helped him crack two most hefty deals in the yarn market that earned him the flush of capital required for the future Reliance Textiles.
Playing on his idea of establishing a manufacturing unit, he soon realized the same by setting up a textile mill in Naroda, Ahmedabad in 1966. Every weekend, he flew from Bombay to Ahmedabad to check on the progress of the establishment of the factory and troubleshoot any problems faced by the workers. His main aim was to produce the best quality nylon in the quickest way possible and in largest quantities. He tripled the workforce to fasten the building of the factory. However, a drop in the valuation of the rupees globally steepened the project costs. Nevertheless, not the one to get scared to taking risks, he continued with the project.
By August 1966, the construction work had finished and the equipment and machineries were being installed to meet the September 1 deadline of starting off with the productions. Meanwhile, he accumulated a workforce of 35 men from Calcutta, Indore and Bombay to work in the factory. Production started as planned on September 1, 1966 but took a couple of months to stabilize. Reliance at the instance of established big mill owners.
Not the one to accept defeat, he soon stepped out on the road and started selling his stock directly to retailers. Vimal’, the name of his fabric, grew and started expanding. Increased demand led to increased sales and greater profits. With the excess money, he started expanding his mill by adding new machineries and better facilities for workers. Soon the Reliance family grew large and prosperous with influx of a whole new gamut of fresh and experienced workers.