MANGALAYATAN UNIVERSITY,ALGARH

PRESENTATION ON ENTREPRENEURESHIP ABOUT ON MR. Dhirubhai Hirachand Ambani

Group Members- Adarsh Jain Arpita Jain

Shraddha Jain Yhubanshu Sharma

Lalit Agrawal

INDEXINTRODUTION (Entrepreneur)INTRODUCTION ABOUT PERSONSTORY Achivements GOVERNMENT ISSUESORP Dhirubhai’s ventureinspiration

 Who is Entrepreneur ?

Definitions Derived from French word Entreprendre means ´to undertake

 Richard Carleton: ´a person who buys factors of production at certain prices in order to combine them into a product with a view to sell them at uncertain prices

OVERVIEW ABOUT MR. AMBANI Name - Dhirajlal Hirachand Ambani

Born on - 28 December 1932

Place of Birth - Chorward, Junagadh in Gujarat

Education - Matriculation

Works for - Reliance Industries

Valued at - US $ 6.10 billion, at the time of death

Position - Founder

Married to - Kokilaben Ambani

Children - Mukesh Ambani,Anil Ambani Nina Ambani, Deepti Ambani

Introduction about person-He was the third son to Hirachand Gordhandas Ambani and Jamanaben.

He had two brothers, Ramnikbhai and Natubhai and two sisters, Trilochanaben and Jasuben. 

His father worked as a village school teacher. They were a reputed family in the village, but they were financially not very strong, since his father was the only earning member in a family of 5 children.

STORYAmbani moved to Aden, Yemen when he

was 16 for a livelihood. He started his career as a dispatch clerk before becoming the distributor for Shell Products. He was later promoted as a manager in an oil filling station at the port of Aden.

He also worked in dubai for sometimes & returnes to india to found reliance with 15000rs capital & makes partnership with champaklal damani from whom he parted ways in 1965. 

Dhirubhai started his first textile mill at Naroda, near Ahmedabad in 1966 and started the brand "Vimal".

AMBANI returned to India after 10 years and found Reliance Commercial Company with a capital of Rs.15000/= in Masjid Bunder in Mumbai in a 350 Sq. ft. space with one telephone, one table, three chairs and with a business mission of importing polyester yarn and exporting spices.. He went on to establish Reliance Textiles in under the brand name “Vimal” and the World Bank applauded the brand as the best Polyester Cloth. Perceiving success, Dhirubhai established Reliance Industries Ltd in 1970s..

AchivementsThis great Indian business tycoon was worldly

recognized and awarded.In June 1998, he became the first Indian to receive

the Wharton School Dean medal for setting an excellent example of leadership.

Dhirubhai was featured among 'Power 50- the most powerful people in Asia' in the Asia week Magazine for three alternate years-1996, 1998, and 2000.

He was also named the 'Man of 20th Century' by the FCCI (Federation of Indian Chambers of Commerce and Industry).

He was also awarded the Economic Times 'Lifetime achievement' Award in august 2001.

Dhirubhai was famously known as 'Polyester Prince'.

Government ISSUES Dhirubhai courted controversy all throughout his life. Many a times, he has been accused of unethical business practices and has been accused of having manipulated government policies to suit his own needs. He was involved in an open spat with Nusli Wadia of Bombay Dyeing. The end to this tussle came only after Dhirubhai Ambani suffered a stroke. While Dhirubhai Ambani was recovering in San Diego, his sons Mukesh Ambani and Anil Ambani managed the affairs . The Indian Express had turned the guns against Reliance and was directly blaming the government for not doing enough to penalize Reliance Industries. The battle between Wadia - Goenka and the Ambanis took a new direction and became a national crisis.

Opportunity Recognition Process

Dhirubhai’s venture

* What the Corporate Houses of Tatas, Birlas and Dalmiahs achieved and dominated over a period of a century, Dhirubhai Ambani could achieve within a short period with a razor like sharpness and business acumen.

* Dhirubhai Ambani proved to be a king in his diversification plans into Petro Chemicals, Energy, Power, Information Technology, Telecommunications, Capital Markets, Retails and so on.

* RIL is now India's largest Private Sector with turnover over US$19.976 billion backed by a profit over US$2.03 billion

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