Success Story
Truly Inspirational Story of Indian Business Tycoon Dhirubhai Ambani - The founder of Reliance
Journey of Dhirubhai Ambani- From Doing a Small Job to Becoming a Business Tycoon
Updated on Jul 7, 2022
One of my favorites quotes from Bill gates “If You are born poor it is not your mistake but if you die poor it’s your mistake.” Today I am going to talk about an Indian business tycoon Dhirubhai Ambani who was born in a poor family and founded one of the most renowned companies called Reliance in Bombay. I hope you are going to learn a lot by knowing his journey..
Overview
Dhirajlal Hirachand Ambani was born on 28 December 1932 in a small village called Chorwad (Gujarat). He died on 6 July 2002 in Mumbai. Reliance Commercial Corporation was founded in 1966 as s polyester firm. In 1973 the company got renamed as Reliance industries. Later the company entered into petroleum and financial service. Upon his death, the company was headed by his two sons Anil Ambani and Mukesh Ambani.
Dhirubhai Ambani was the son of Hirachand Gordhanbhai Ambani. His father was a teacher in a small village school. Dhirubhai Ambani got married with Kokila and had four children Mukesh Ambani, Anil Ambani, Nina Bhadrashyam Kothari, and Dipti Dattaraj Salgaocar. You may get surprised by knowing his qualifications that Dhirubhai Ambani had passed the only 10th. After completing high school, he was doing a small job. According to Aajtak, his starting salary was 300 rupees. However, by giving extra effort and time, he became a business tycoon.
Early career
When he turned 17, he went to yamen where his brother Ramniklal was working. In yamen, Dhirubhai Ambani was working at a petrol pump. Later he became filling manager at the company. He worked in yamen for a while, after a few years he returned to India. Living in yamen, he dreamed to become a businessman.
The founding of Reliance Industries.
Dhirubhai Ambani returned to India in 1958 He started a textile business “Majin” along with his cousin Champaklal. Majin used to export goods like spices and rayon in yamen and import polyester. Dhirubhai Ambani was set up the first office at the Narsinatha Street in Masjid Bunder. The office area was 33- meter square in a 350 square foot area, Ambani had kept very few and important things like three chairs, one telephone, and one table.
During the time, Dhirubhai Ambani and his family members were living in two BHK apartment. In 1956, their partnership (Dhirubhai Ambani and Champaklal) got ended. It believed that both had a different point of view to run a business this is why their partnership didn’t work out very well. Ambani had good marketing knowledge, he was also known as a risk-taker and believed that in building inventories to rise income. In 1966 he launched a company called Reliance Commercial Corporation which later renamed the company, now this company known as Reliance industries.
Death
Dhirubhai Ambani was suffering from a major stroke. His first stroke had occurred in 1986 during the time his right hand got paralyzed. After his second stroke, he admitted to Breach Candy Hospital. He went coma for more than a week and passed away on 6 July 2002.
Atal Bihari Vajpayee, the former Prime Minister of India he said
“The country has lost iconic proof of what an ordinary Indian fired by the spirit of enterprise and driven by determination can achieve in his own lifetime.”
Awards and Recognition
Dhirubhai Ambani got plenty of awards and recognition which I would like you to know about them. According to Wikipedia,
- 1996, 1998, and 2000 he was the 50th most influential people in Asia. This recognition got from Asia week magazine.
- In 1998, he got Dean’s medal by the Wharton School, the University of Pennsylvania, for your information, Dhirubhai Ambani was first Indian who received Dean’s medal.
- In 2000, he received an award called the Conferred Man of the century award. This award was given by Chemtech Foundation
- In 2001, he received the Economic Time award.
- FICCI (Federation of Indian chambers of commerce and industry) named him “Man of 20th Century”
- In January 2016, Dhirubhai Ambani got awarded from Padma Vibhushan.
His inspirational quotes
He has written several quotes. However, I am going to tell you his two quotes that will really motivate you.
“You will never reach your destination if you stop and throw stones at every stone at every dog that
bark… better keep biscuits and move on.”
“If you don’t build your dream, someone will hire you to help build theirs.” ~ Dhirubhai Ambani
Article Sourced From: https://theceostory.in/blog/dhirubhai-ambani/
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