BORN:
December 28,1932
Dhirubai Ambani
DIED:
July 6,2002ACHIEVEMENTS:
Dhiru bhai ambani built Indian’s largest private sector company. Created an equality cult in the Indian capital market. Reliance is the first indian company to feature in forbes 500 list.Dhiru bhai ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.
Dhirubhai ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932 at chorwad, gujrat, into a modh family. His father was a school teacher .Dhirubhai Ambani started his entrepreneurial career by selling “BHAJIAS” to pilgrims in mount girnar over weekends.
After doing his matriculation at the age of 16, Dhirubhai moved to Aden ,yemen.he worked there as a gas- station attendant ,and as a clerk in oil company.he returned to india in 1958 with rs50000 and set up a textile trading company
Assisted by his two sons ,Mukesh and Anil, Dhirubhai Ambani built Indian’s largest private sector company ,Reliance India Limited , from a scratch. Over time is business has diversified into a course specialisation in petrochemicals with additional interest in telecommunications, information technology , power, energy, retail, textile and logistics.
Dhirubai revolutionised capital markets. From nothing, he generated billions of rupees in wealth for those who put their trust in companies. His efforts helped create an ‘equality cult’ in the Indian Capital market. With innovative instruments like The convertible debenture, Reliance quickly become a favourite of stock market in 1980’s.
In 1992, Reliance became the first Indian Company to raise money in global markets, its high credit –taking in international market limited only by Indians sovereign rating. Reliance also become first Indian company to feature in forbes 500 list.
Dhirubai Ambani was named as Indian Enterpreneur of the 20th century by by the federation of Indian chambers of commerce and industry(FICCI). A poll conducted by the Times Of India in 2000 voted him” greatest creator of Wealth in the century”.
Dhirubai Ambani died on July6,2002 at Mumbai.