biography of dhirubhai ambani

BIOGRAPHY OFDIRUBHAI AMBANI

BY A.SAI MANIKANTA

“DON’T GIVE UP COURAGE IS MY CONVITION”

-DHIRAJLAL HIRACHAND AMBANI

BORN ON DECEMBER 28,1932, at Chorwad , Gujarat

FATHER - HIRACHAND AMBANI –VILLAGE SCHOOL TEACHER

MOTHER – JAMANABEN – HOUSE MAKER

HE IS SECOND SON OF THE FAMILY

EDUCATION

He completed his matriculation in 1949 at Bhandur Kanji High School

After he discontinue his education due to his family finacial position

His father want to do the work and helpful to the family for financial needs

LIFE IN ADEN

He joined as a clerk in A.BESSE & CO AT Aden.

It is a second busiest trading and oil bunkering port in the world.

He done his first job in commodities trading section of the firm

Later he transferred to different sections of the firm

Married at the age of 22 in march 1954

With kokilaben patel

BACK TO INDIA

In 1957 , large Indian community off Hindu and Parsi Gujaratis preparing to move to India

At the end of 1958,the news paper coming from India were a rather gloomy picture that country starting new five year plan with RS 10,000-crore with promises to give opportunities for growth for the country’s youth

He returned to India at the end of 1958 He came with all the years expenses with

Besse & co and all his evenings ‘studying the market ‘ he had accumulated savings of just 29000 East African Shilings then worth RS50,000

FIRST BUSINESS

Selling of potato fries to piligrims in Mount Girnar over the weekends

TAKING OPPORTUNITIES

In the 1950s, Yemini administration realized that their main unit of currency, the Rial, was disappearing fast.

During their investigation they found that a Gujarati young man in his twenties was placing unlimited buy orders for Yemini Rials .

Yemini Rials made of pure silver and was much demand in London Bulion Exchange.

Young Dhirubhai bought the Rials, melted them into pure silver and sold to bulion traders in london

HIS FIRST ENTERPRISE IN INDIA

He started trading business in partnership with champaklal Damani ,his second cousin.

Reliance Commercial Corporation was set up at the Narsinthan street in Masjid Bunder.

It was 350 sq.ft room with a telephone, one table and three chairs

Initially, they had two assistants to help them.

FIRST OFFICE ROOM

After trading in a range of products, pilimarily spices and fabrics , for eight years.

He achieved the first of the many goals.He become the owner of asmall spinning

mill at Naroda, near Ahmedabad.Within a year of spliting with champaklal

Damani

He took Reliance into Textile manufacturing for the first time.

He setteled on a 10000 sq mts plot, In a new industrial estate developed by the gujarat state government at Naroda, on the fringes of Ahmedabad.

It was very small,only about 20 people in the whole factory.

In 1967, the first full year of productionat naroda.

Company recorded sales RS 9 million and yielding a net profit of RS 1.3 million.

After decade in 1977 it’s turnover of RS 680 million and profit of RS 105 million.

In 1975 world Bank recognise best composite textile mills in India.

FIRST PUBLIC OFFERING

In 1977, Reliance Industries went to public and raised equity capital from ten of thousands of investors many of them located in small towns.

He started textile brand name ‘Vimal’.He inagurated the retail outlet of as many

100 franchises.More than 58,000 investors from various

parts of India subscribed to Reliance IPO in 1977

Reliance Industries was the first private sector company whose Annual General Meeting were held in stadium in 1986.

In 1980s he estimated net worth of RS 1 billion

He called him as a corporate guruReliance has a tremendes growth.

LAST BREATH6TH JULY,2002 AT MUMBAI