Dhirubhai Ambani (1932-2002) was an Indian business magnate and entrepreneur who founded Reliance Industries. Some key points:
- He was born in Gujarat and started his career in Yemen before founding Reliance in India in 1958.
- Under his leadership, Reliance grew from a small textiles company to a vast conglomerate with interests in petrochemicals, oil and gas, telecommunications, and more.
- He pioneered many business practices in India like equity culture and was hugely influential in developing stock markets.
- Reliance became one of the largest companies in India and Dhirubhai Ambani received many honors for his
Dhirubhai Ambani (1932-2002) was an Indian business magnate and entrepreneur who founded Reliance Industries. Some key points:
- He was born in Gujarat and started his career in Yemen before founding Reliance in India in 1958.
- Under his leadership, Reliance grew from a small textiles company to a vast conglomerate with interests in petrochemicals, oil and gas, telecommunications, and more.
- He pioneered many business practices in India like equity culture and was hugely influential in developing stock markets.
- Reliance became one of the largest companies in India and Dhirubhai Ambani received many honors for his
Dhirubhai Ambani (1932-2002) was an Indian business magnate and entrepreneur who founded Reliance Industries. Some key points:
- He was born in Gujarat and started his career in Yemen before founding Reliance in India in 1958.
- Under his leadership, Reliance grew from a small textiles company to a vast conglomerate with interests in petrochemicals, oil and gas, telecommunications, and more.
- He pioneered many business practices in India like equity culture and was hugely influential in developing stock markets.
- Reliance became one of the largest companies in India and Dhirubhai Ambani received many honors for his
Aman Maloo Pushpender Yadav MBA (D)-II SUBMITTED TO: Dr. Niharika Maharishi BROAD OVERVIEW OF PRESENTATION LIFE & TIME
VISION AND MISSION
ACHIEVEMENT
CRITICAL APPRAISAL PROFITS WE SHARE AND LOSSES ARE ALL MINE LIFE AND TIME DHIRAJLAL HIRACHAND AMBANI COMMONLY KNOWN AS DHIRUBHAI AMBANI WAS BORN ON 28 DECEMBER 1932 AT JUNAGADH , GUJARAT TO HIRACHAND AND JAMNABEN .
FATHER , A SCHOOL TEACHER . SIBLINGS INCLUDED TWO SISTERS AND BROTHERS. DHIRUBHAI WAS THE SECOND SON.
HIGHLY INTELLIGENT, DISLIKED SCHOOL LESSONS AND CHOSE TO DO PHYSICAL WORK INSTEAD. COULD NOT PURSUE A BACHELOR'S DEGREE DUE TO FAMILY PROBLEMS. MARRIED TO KOKILABEN IN 1954. PASSED AWAY ON 06 JULY 2002. HE WAS SURVIVED BY KOKILABEN AMBANI, TWO SONS, MUKESH AMBANI & ANIL AMBANI AND TWO DAUGHTERS, NINA KOTHARI & DEEPTI SALGAONKAR.
BACKGROUND MOVED TO ADEN, YEMEN AT 16. STARTED HIS CAREER AS A DISPATCH CLERK WITH A. BESSE & CO. FOR A SALARY OF RS 300
IN DUE COURSE, PROMOTED TO MANAGE THE COMPANYS FILLING STATION AT ADEN.
THE FIRST SIGN OF AMBITION TO ACHIEVE WAS OBSERVED IN EARLY 1950s WHEN HE MELTED SILVER COINS OF YEMENI RIYAL INTO METAL AND SOLD IT TO BULLION MARKET IN LONDON. HE KNEW THAT THE INTRINSIC VALUE OF SILVER WAS MORE THAN THAT OF FACE VALUE OF COIN.
AT ADEN , HE ACCQUIRED SKILLS IN HIGH SEAS PURCHASE & SALES, MARKETING & DISTRIBUTION, CURRENCY TRADING, ACCOUNTING, PREPARING SHIPPING DOCUMENTS, DEALING WITH BANKS AND INSURANCE COMPANIES WORK INITIAL DAYS I DONT BELIEVE IN NOT TAKING OPPORTUNITIES AMBANI RETURNED TO INDIA AND STARTED "MAJIN" IN PARTNERSHIP WITH CHAMPAKLAL DAMANI IN 1958.
MAJIN WAS TO IMPORT POLYESTER YARN AND EXPORT SPICES TO YEMEN.
THE FIRST OFFICE OF THE RELIANCE COMMERCIAL CORPORATION WAS SET UP AT MASJID BANDAR IN MUMBAI.
IN 1965, AT ONE INSTANCE RELIANCE BUILT UP A LARGE HOLDING OF YARN IN EXPECTATION OF PRICE RISE. DAMANI PRESSURISED AMBANI TO SELL OFF THE STOCK AT THE EARLIEST. SO DHIRUBHAI SOLD THE YARN STOCKPILE-TO HIMSELF, IN SECRET. TWO - THREE WEEKS LATER, THE PRICE OF YARN SHOT UP AND DHIRUBHAI MADE A WHOPPING PROFIT.
CHAMPAKLAL DAMANI AND AMBANI ENDED THEIR PARTNERSHIP AND DHIRUBHAI VENTURED ON HIS OWN. EMERGENCE OF BUSINESS IN INDIA ONLY WHEN YOU DREAM IT YOU CAN DO IT. "PURSUE YOUR GOALS EVEN IN THE FACE OF DIFFICULTIES, AND CONVERT ADVERSITIES INTO OPPORTUNITIES." AMBANI AND ARYAN MEHRA STARTED THE FIRST TEXTILE MILL AT NARODA , IN AHMEDABAD IN 1966.
AGGRESSIVE MARKETING OF THE BRAND "VIMAL" IN THE INTERIORS OF INDIA MADE IT A HOUSEHOLD NAME.
AMBANI BEGAN THE PROCESS OF BACKWARD INTEGRATION, SETTING UP A PLANT TO MANUFACTURE POLYESTER FILAMENT YARN.
DURING RELIANCE'S IPO IN 1977 MORE THAN 58,000 INVESTORS FROM VARIOUS PARTS OF INDIA SUBSCRIBED TO IT. DHIRUBHAI AMBANI IS CONSIDERED A FATHER FIGURE IN PROMOTING THE EQUITY CULT IN STOCK MARKET STATUS.
LATER DIVERSIFIED INTO CHEMICALS, PETROCHEMICALS, PLASTICS, POWER.THE FINAL PHASE OF RELIANCES DIVERSIFICATION OCCURRED IN THE 1990S WHEN THE COMPANY TURNED AGGRESSIVELY TOWARDS PETROCHEMICALS AND TELECOMMUNICATIONS. EMERGENCE OF BUSINESS IN INDIA IF YOU WORK WITH DETERMINATION AND WITH PERFECTION, SUCCESS WILL FOLLOW." VISION & MISSION THROUGH SUSTAINABLE MEASURES, CREATE VALUE FOR THE NATION ACROSS THE ENTIRE SOCIO-ECONOMIC SPECTRUM AND HELP SPEARHEAD INDIA AS A GLOBAL LEADER IN THE DOMAINS WHERE WE OPERATE
CREATE VALUE FOR STAKEHOLDERS
GROWTH THROUGH INNOVATION
LEAD IN GOOD GOVERNANCE PRACTICES
USE SUSTAINABILITY TO DRIVE PRODUCT DEVELOPMENT
ENHANCE OPERATIONAL EFFICIENCIES
ENSURE ENERGY SECURITY OF THE NATION
FOSTER RURAL PROSPERITY VISION MISSION "DON'T GIVE UP, COURAGE IS MY CONVICTION." MILESTONES 1977
RELIANCE WENT PUBLIC WITH IPO
DHIRUBHAI INTRODUCED AN EQUITY CULT IN INDIA
A NEW MODEL OF BUSINESS LEADERSHIP FROM A BASE OF THE BROADEST PUBLIC SHAREHOLDERS 1982-88
RELIANCE SUCCESFULLY COMMISSIONED POLYSTER MANUFACTURING FACILITY AT PATALGANGA.
ANOTHER STEP IN BACKWARD INTEGRATION "WE BET ON PEOPLE." 1993
PIONEERED THE FIRST EVER EURO CONVERTIBLE BOND ISSUED BY AN INDIAN COMPANY FOR US$140 MILLION
RELIANCE RAISED RS 2172 CRORES FROM DOMESTIC CAPITAL FOR SETTING UP WORLD CLASS REFINERY AT JAMNAGAR, GUJARAT.
THE LARGEST EVER PUBLIC OFFERING BY ANY INDIAN CORPORATE. 1991
RELIANCE COMMISIONED PHASE-1 OF HAZIRA PETROCHEMICALS COMPLEX.
CONSOLIDATED ITS POSITION IN POLYSTERS MILESTONES "MEETING THE DEADLINES IS NOT GOOD ENOUGH, BEATING THE DEADLINES IS MY EXPECTATION." 1996-97
RELIANCE TAPPED THE US DEBT MARKET WITH YANKEE BOND ISSUE FOR A TOTAL OF OVER US$ 600 MILLION. THE MATURITIES FOR THESE ISSUES WERE 10-100 YEARS
1995
RELIANCE BECAME THE FIRST PRIVATE SECTOR COMPANY TO BE RATED BY INTERNATIONAL CREDIT RATING AGENCIES.
ALSO BECAME THE FIRST PRIVATE SECTOR COMPANY FROM INDIA TO RAISE US$ 300 MILLION IN THE INTERNATIONAL DEBT MARKET MILESTONES OUR DREAMS HAVE TO BE BIGGER. OUR AMBITIONS HIGHER. OUR COMMITMENT DEEPER. AND OUR EFFORTS GREATER. THIS IS MY DREAM FOR RELIANCE AND FOR INDIA." MILESTONES 2000-02
RELIANCE CONSOLIDATED ITS POSITION AS THE SINGLE LARGEST SHAREHOLDER IN BSE.
INDIAS LEADING POWER UTILITY COMPANY RELIANCE ANNOUNCED ITS INFOCOM FORAY WITH A CAPITAL OUTLAY OF UPTO RS 25000 CRORES( US$ 5 BILLION) ADDRESING ENTIRE TELECOM MARKET IN INDIA WITH A NATIONAL FOOT PRINT
1996-98
RELIANCE COMPLETED PHASE-II EXPANSION OF HAZARIA PETRO CHEMICALS COMPLEX WITH AN INVESTMENT OF OVER RS 9000 CRORES. THIS INCREASED RELIANCE PRODUCTION CAPACITY FOURFOLDS TO MORE THAN 6 MILLION TONNES PER ANNUM 2000-02
RIL AND RPL BECOME INDIAS TWO LARGEST COMPANIES IN TERMS OF ALL FINANCIAL PARAMETERS
RPL MERGES WITH RIL, THE LARGEST EVER MERGER IN INDIA. THE MERGER GAVE RIL THE DISTINCTION OF BECOMING INDIAS FIRST PRIVATE SECTOR COMPANY, IN THE INTERNATIONALLY RATED, FORTUNE GLOBAL 500 LIST OF THE WORLDS LARGEST CORPORATIONS
RELIANCE RATED AS INDIAS MOST ADMIRED BUSINESS HOUSE MILESTONES THE PROBLEM WITH INDIANS IS THAT WE HAVE LOST THE HABIT OF THINKING BIG . "I AM DEAF TO THE WORD "NO". AWARDS 'BUSINESSMAN OF THE YEAR 1993', BUSINESS INDIA - 1994
AWARDED THE COMPANION MEMBERSHIP OF THE TEXTILE INSTITUTE, UK, AN AWARD WHICH IS LIMITED TO 50 LIVING MEMBERS (WHO HAVE "SUBSTANTIALLY ADVANCED THE GENERAL INTERESTS OF THE INDUSTRIES BASED ON FIBRES) - 1994
'STAR OF ASIA' BY BUSINESS WEEK, USA - 1998.
AWARDED THE DEAN'S MEDAL BY THE WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA, FOR SETTING AN OUTSTANDING EXAMPLE OF LEADERSHIP - 1998.
THE ONLY INDIAN INDUSTRIALIST IN 'BUSINESS HALL OF FAME' IN ASIA WEEK - 1998.
CONFERRED THE INDIAN ENTREPRENEUR OF THE 20 TH
CENTURY AWARD BY FICCI - 2000 ENTREPRENEUR TRAITS
ABILITY TO CONVINCE
OPPORTUNIST
MANIPULATOR
STRONG CONVICTION AND AGGRESSIVE APPROACH
EXCELLENT INTERPERSONAL SKILLS
BELIEVED IN CHANGE, UPGRADATION AND INNOVATION
HIGHLY CALCULATIVE RISK TAKER "YOU DO NOT REQUIRE AN INVITATION TO MAKE PROFITS." "GIVE THE YOUTH A PROPER ENVIRONMENT. MOTIVATE THEM. EXTEND THEM THE SUPPORT THEY NEED. EACH ONE OF THEM HAS INFINITE SOURCE OF ENERGY. THEY WILL DELIVER."
CRITICAL APPRAISAL HE WAS A BUSINESS MESSIAH FOR HIS INVESTORS
HE MAINTAINED EXCELLENT INTER PERSONAL RELATIONSHIP WITH EMPLOYEES & PARTNERS
THE WHOLE IDEA OF CREATING VALUE FOR SHAREHOLDERS WAS PIONEERED BY DHIRUBHAI AMBANI IN THE INDIAN STOCK MARKETS
HIS DREAMS & STEADFAST VISIONS LED TO THE UNIMAGINABLE EXPANSION OF RELIANCE EMPIRE POSITIVE ASPECTS PURSUE YOUR GOALS EVEN IN THE FACE OF DIFFICULTIES AND CONVERT ADVERSITIES INTO OPPORTUNITIES.
AMBANI WAS A PERSON WITH LOT OF HUMILITY. IT IS EXTREMELY DIFFICULT TO ACHIEVE SO MUCH IN LIFE AND STILL BE CONNECTED TO YOUR ROOTS AND REMAIN HUMBLE. SUCH WAS HIS CONNECTION WITH SHARE HOLDERS AND PUBLIC.
HE WAS COMPASSIONATE FOR THE SOCIETY AND WAS INVOLVED IN A LOT OF PHILANTHROPIC ACTIVITIES WITHOUT BEING BOASTFUL ABOUT IT.
IT INCLUDED ADOPTION OF PUBLIC HEALTH CARE, BUILDING HOSPITAL, ECO FRIENDLY INITIATIVES, RURAL DEVELOPMENT SCHEME, EMPOWERMENT OF WOMWEN ETC CRITICAL APPRAISAL PERSONALITY AS PERCEIVED BY PEOPLE "BETWEEN MY PAST, THE PRESENT AND THE FUTURE, THERE IS ONE COMMON FACTOR: RELATIONSHIP & TRUST. THIS IS THE FOUNDATION OF OUR GROWTH CRITICAL APPRAISAL AS PER ONE WRITER, THERE ARE THREE PERSONALITIES OF DHIRUBHAI AMBANI - FIRST, IS A UNIQUE, LARGER THAN LIFE, A BRAND NAME. AND FOR GUJARATI PEOPLE. HE HAS TREMENDOUS EMOTIONAL AND SENTIMENTAL APPEAL. HE IS THEIR ULTIMATE MAN. - SECOND , IS A SCHEMER, A LIAR, WHO REGRETS NOTHING AND HAS NO VALUES IN LIFE. - THIRD, WHO HAS A MORE SOPHISTICATED POLITICAL BRAIN, A DREAMER AND A VISIONARY.
PEOPLE ARE ALWAYS GETTING THE THREE PERSONALITIES MISTAKEN. PERSONALITY AS PERCEIVED BY PEOPLE TO ANOTHER WRITER, HE WAS A 'FRANKENSTEIN'S MONSTER CREATED BY THE EXPERIMENT OF CLOSED INDIAN ECONOMY WHO COULD MAKE OR BREAK PRIME MINISTERS BY EXERCISING A CONTROL OVER MEDIA, STOCK MARKET & POLITICIANS.
A SENIOR LAWYER ALSO HAD AN EQUALLY STARK VIEW WHO SAID 'TODAY THE FACT IS THAT DHIRUBHAI AMBANI IS BIGGER THAN GOVERNMENT.
WHATEVER SAID & DONE DHIRUBHAI AMBANI IS ARGUABLY INDIAS MOST SUCCESSFUL ENTREPRENEUR OF THE CENTURY.
CRITICAL APPRAISAL DHIRUBHAI WILL GO ONE DAY. BUT RELIANCE'S EMPLOYEES AND SHAREHOLDERS WILL KEEP IT AFLOAT. RELIANCE IS NOW A CONCEPT IN WHICH THE AMBANIS HAVE BECOME IRRELEVANT. PERSONALITY AS PERCEIVED BY PEOPLE Ambani's great achievement was that he showed Indians what was possible. With no Oxford or Yale degree and no family capital, he achieved what the Elite "brown sahibs" of New Delhi could not: he built an ultramodern, profitable, global enterprise in India itself. What's more, he enlisted four million Indians, a generation weaned on nanny-state socialism, in an adventure in can-do capitalism, convincing them to load up on Reliance stock. Still, Ambani seems destined to be remembered as a folk heroan example of what a man from one of India's poor villages can accomplish with non-shrink ambition. An ordinary man with Extraordinary Talent