ĭiversificationIn 1982 Ambani began the process of backward integration, setting up a plant to manufacture polyester filament yarn. whose several annual general meetings were held in stadiums. Dhirubhaiwas able to convince people of rural Gujarat that being shareholders of his company will only bring returns to their investment.Reliance Industries holds the distinction that it is the only Pvt. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977. In spite of all difficulties, production started on the morning of the target date of 1 September 1966 DhirubhaiAmbani is credited with starting equity investing in India. Problem of locating trained and experienced textile mill workers He was an all-in-one package and fixed the troublesome nitty-gritty's.ĭevaluation by the government steeply raised the project cost. Employees could walk into his cabin and discuss their problems with him." įirst Step Backward decided to start a textile unit of his ownĭecided to buy a old mill and renovate itīut just when the deal was to be initiated, one of the partners back stepped from the agreementįrom then on he decided to build on his own using the best technology irrespective of the costįirst factory was built in Naroda, Gujarat which was still a developing area.Motivator and Person of his WordsMost of his team members were uneducated except for an engineer and 2 matriculates “A former secretary reveals: "He was very helpful. Promotion to Ambani.ĮARLY YEARS IN BOMBAY Enters into partnership with cousin ChampaklalDamani in 1962 for yarn and spices business with a capital of Rs.15,000.Ends partnership in 1965 due to conflicts of decisions.Starts sole proprietorship concern.Asia Times quotes: "His people skills were legendary. – relating to business, history, and psychology.1954-Ambani’s marriage and 1st oil refinery and harbor came up in Aden. Roamed the bazaars of Aden where traders from different backgrounds, bought and sold goods worth millions of pound sterling during the lunch break an after office hours.Temptation towards speculation- started trading in small things- Learnt the basics.Read newspapers, magazines, book, etc.
Entrepreneurship’s true sense lies in the fact that he always looks upon opportunity. Young Dhirubhai bought the Rials, melted them into pure silver and sold it to the bullion traders in London. It was found that a young man in his twenties was placing unlimited buy orders for Yemini Rials.Rials, pure silver coins and was in much demand at the London Bullion Exchange. quick on the uptake learnt the ways of commodity trading.ĭuring 1950sIn the 1950s, the Yemini administration realized that their main unit of currency, the Rial, was disappearing fast.
Besse & Co.- largest transcontinental trading firm east of Suez, engaged in almost every branch of trading business-cargo booking, handling, shipping, forwarding, and wholesale merchandising.Dhirubhai -first sent to the commodities trading section & later, transferred to the section that handled petroleum products for the oil giant Shell. as a dispatch clerk for a salary of Rs.300, immediately on reaching Aden. "Though I found the life of politics immensely attractive, I felt deep in my heart that I belonged to somewhere else…business, perhaps, though things were not yet so clear to me," he said in his later years.Life in AdenAfter his annual matriculation examination, on the request of his father he had to move to Aden, Yemen to support his family.Aged 16 yrs.Started worked with A. The candidates for whom he had campaigned won.ĭhirubhai was pleased and was invited to join the Socialist Party but he had other things in mind. His elder brother and father were strongly opposed to this decision, especially as he had failed in his matriculation examination in the previous year. Socialist daysDhirubhai campaigned for the Socialists. Elected general secretary of the Junagarh Students Union. for further studies.Quite popular in his school and well- known for his brilliance and hard-work. Possessed immense gusto and enormous energy.Īlways determined to do what he wanted to do, in exactly the way he wanted it done, come hell or high water, as the phrase goes.EducationAfter he completed his primary education, at the village school, he was sent to the Junagarh Dist. Two brothers and two sisters.CHILDHOODExtremely demandingchild.Īs he grew up, he became even more vigorous, and irrepressible. Dhirubhai AmbaniPresented By :Isha SharmaDeeptiBhardwajRachitaKanoungoVivekKatochįather - HirachandGovardhandasAmbani-a school teacher