2. Dhirajlal Hirachand Ambani
also known as Dhirubhai, (28 December
1932 – 6 July 2002)
An Indian business magnate and
entrepreneur who founded Reliance
Industries, a petrochemicals, communications,
power, and textiles Ambani took his company
public in 1984.
Dhirubhai has been one among the select
Forbes billionaires and has also figured in the
Sunday Times list of top 50 businessmen in
Asia.
His life has often been referred to as a true
"rags to riches" story.
3. Early life
He was born into a Gujarati family.
Hirachand Gordhandhas Ambani was a
village school teacher with little income.
Hirachand and Jamnaben had two daughters
and three sons Dhirubhai was the second
son.
Dhirubhai was highly intelligent. He also do
not like to learn lessons in the classroom.
4. • Dhirubhai started off as a small time worker with
Arab merchants in the 1950s
• moved to Mumbai in 1958 to start his own
business in spices.
• After making modest profits, he moved into textiles
and opened his mill near Ahmedabad.
• Dhirubhai founded Reliance Industries in 1958 and
today the company, with over 85,000 employees,
provides almost 5% of the Central Government's
total tax revenue.
• Ambani was credited with introducing the stock
market to the average investor, and thousands of
investors attended the Reliance annual general
meetings, which were sometimes held in a football
stadium, with millions more watching on television
5. Reliance Textiles
Sensing a good opportunity in the textile business,
Dhirubhai and Aryan Mehra started the first textile mill at
Naroda, in Ahmedabad in the year 1966.
Dhirubhai started the brand "Vimal"Extensive
marketing of the brand "Vimal" in the interiors of India
made it a household name. Franchise retail outlets were
started and they used to sell "only Vimal" brand of textiles.
In 1986 after a heart attack he handed over Reliance
Group to his sons Mukesh and Anil. After his death, the
group was split into Reliance Industries, headed by Mukesh
Ambani and Reliance Anil Dhirubhai Ambani
Group (Reliance ADAG), led by Anil Ambani.
6. Diversification
In 1982 Ambani began the process of backward integration, setting
up a plant to manufacture polyester filament yarn.
He subsequently diversified into chemicals, petrochemicals
,plastics, power.
The final phase of Reliance’s diversification occurred in the 1990s
when the company turned aggressively towards petrochemicals and
telecommunications.
He has been accused of having manipulated government policies to
suit his own needs, and has been known to be a king-maker in
government elections.
8. Awards and recognitions
November 2000 – Conferred 'Man of the Century' award by Chemtech
Foundation and Chemical Engineering World in recognition of his
outstanding contribution to the growth and development of the chemical
industry in India
2000, 1998 and 1996 – Featured among 'Power 50 - the most
powerful people in Asia by Asiaweek magazine
August 2001 – Economic Times Awards for Corporate Excellence for
Lifetime Achievement
A poll conducted by The Times of India in 2000 voted Him "Greatest
Creator of Wealth In The Centuries".