Dhirubhai Ambani

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description

tried to understand my ideal in business

Transcript of Dhirubhai Ambani

Page 1: Dhirubhai Ambani
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BIRTH

• D.O.B.- 28.12.1932

•He was born at Chorwad, of Gujurat

•Father - Hirachand Govardhandas Ambani -a school teacher

•Mother- Jamanaben• Two brothers and two sisters.

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CHILDHOOD Extremely demanding child.

Always 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.

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Education

• After he completed his primary education, at the village school, he was sent to the Junagarh Dist. for further studies.

• Quite popular in his school and well- known for his brilliance and hard-work.

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Life in Aden

• After 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. Besse & Co. as a dispatch clerk for a

salary of Rs.300, immediately on reaching Aden.

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• Temptation towards speculation- started trading in small things- Learnt the basics.

• Read newspapers, magazines, book, etc. – relating to business, history, and psychology.

• 1954-Ambani’s marriage and 1st oil refinery and harbor came up in Aden. Promotion to Ambani.

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1954- Marriage with Kokilaben

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EARLY YEARS IN BOMBAY • .

• Enters into partnership with cousin Champaklal Damani 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.

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First Step Backward

decided to start a textile unit of his own

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Most of his team members were uneducated except for an engineer and 2 matriculates

Nylon was decided to be manufactured.

Devaluation by the government steeply raised the project cost.

Motivator and Person of his Words

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• Dhirubhai Ambani is credited with starting equity investing in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977.

• Dhirubhai was able to convince people of rural Gujarat that being shareholders of his company will only bring returns to their investment.

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DEATH

Admitted to the Breach Candy Hospital in Mumbai on June 24, 2002 after he suffered a second major "brain stroke”.

First one had occurred in February 1986 and had kept his right hand paralyzed.

State of coma for more than a week.

Breathed his last on July 6,2002, at around 11:50 P.M.

As a mark of respect,The Mumbai Textile Merchants' decided to keep the market closed on July 8, 2002.

At the time of Dhirubhai's death, Reliance Group had a gross turnover of Rs. 75,000 Crore or USD $ 15 Billion and it is to be remembered that Dhirubhai had started the business with just Rs.15,000

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Reliance-in popular media

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Reliance after dhirubhai ambani

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MUKESH AMBANI• IPCL and Reliance Industries

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Anil Ambani• Reliance infocom • Reliance energies• Reliance capital

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AWARDS AND RECOGNITIONS

“MAN OF THE CENTURY” by Chemtech foundation

DEAN’S MEDAL BY Wharton school,university of pennsylvania

GREATEST CREATOR OF WEALTH IN CENTURIES TIMES OF INDIA 2000

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