Reading success stories of greatest professionals stimulates motivational enzyme within us and we all wish to emulate them on path of success. Following above you will read today success story of Mr. A true rags-to-riches story, Dhirajlal Hirachand Ambani, has been undisputedly India's most enterprising entrepreneur. Born in a gujarati family Dhirubai moved toYemen at the age of 16, where he worked as a dispatch clerk with A.
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In , he was honored posthumously with the Padma Vibhushan , India's second highest civilian honour for his contributions to trade and industry. Dhirubhai Ambani was one of the sons of Hirachand Gordhanbhai Ambani, a village school teacher belonging to the Modh Baniya community and Jamnaben Ambani and was born in Chorwad, Junagadh district , Gujarat  on 28 December, He did his studies from Bahadur Kanji school.
In his youth, he joined the protests against the Nawab of Junagarh and organized many actions against the Nawab's plans to join Pakistan after independence. In , he left for the Port of Aden to work for A. Besse and Co. He later came to sell shell and Burmah oil products for the company.
There is a famous story about how he once made a lot of money by melting the silver bullion and selling it as pure silver because he knew that the value of pure silver was much higher than the bullion thus was a precursor to his financial wizardry and acumen.
His friends described him as someone who was affable yet ambitious, cheerful yet had a 'dark side' because of his extreme ambition and risk taking. In Aden, his first son, Mukesh was born to him in Another son, Anil , was born two years later in He left Aden in to try his hand at his own business in India in the textiles market. Ambani returned to India and started "Majin" in partnership with Chambaklal Damani, his second cousin,  who lived with him in Yemen.
Majin was to import polyester yarn and export spices to Yemen. Initially, they had two assistants to help them with their business. At the tiny office, he began to make a team that would stay with Reliance for years, which includes Rasikbhai Meswani his nephew , Ramnikbhai, Nathubhai his younger brother and two former schoolmates named Rathibhai Mucchala and Narottambhai Joshi.
They usually worked around the streets of Pydhonie. During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar , Mumbai. It is believed that both had different temperaments and a different take on how to conduct business. He launched the brand ' vimal 'during this time which sold polyester materials for saris , shawls, suits and dresses.
Extensive marketing of the brand in the interiors of India made it a household name. Franchise retail outlets were started and they sold the "Only Vimal" brand of textiles. In the year , a technical team from the World Bank visited the 'Reliance Textiles' Manufacturing unit.
In , Reliance Industries came up against a rights issue regarding partly convertible debentures. Sensing an opportunity, The Bear Cartel, a group of stock brokers from Calcutta , started to short sell the shares of Reliance. To counter this, a group of stock brokers until recently referred to as "Friends of Reliance" started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange. The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the " Badla " trading system operative in the Bombay Stock Exchange.
On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, much money was provided to the stock brokers who had bought shares of Reliance, by Dhirubhai Ambani. The settlement caused an enormous uproar in the market. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure.
After this incident, many questions were raised by his detractors and the press. Not many people were able to understand how a yarn trader until a few years ago was able to get in such a huge amount of cash flow during a crisis period. The answer to this was provided by the then finance minister, Pranab Mukherjee in the Parliament. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in Isle of Man.
All the promoters or owners of these companies had a common surname Shah. An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters.
Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June after he suffered a major stroke. It was his second stroke, the first had occurred in February and had paralyzed his right hand. He was in a coma for more than a week and a number of doctors were consulted.
He died on 6 July 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. This new star, which rose on the horizon of the Indian industry three decades ago, remained on the top until the end by virtue of his ability to dream big and translate it into reality through the strength of his tenacity and perseverance.
I join the people of Maharashtra in paying my tribute to the memory of Ambani and convey my heartfelt condolences to the bereaved family. Following his first stroke in , Ambani handed over control of Reliance to his sons, Mukesh and Anil.
In November , Mukesh in an interview admitted to having differences with Anil over ownership issues. As of , the company has more than , employees. In , Reliance Industries was one of the two Indian companies to be ranked among the top in the Fortune list of the world's largest companies by revenue.
In an unauthorized biography of Dhirubhai Ambani, by Hamish McDonald with the title The Polyester Prince , outlined all his political and business conquests. The book was not published in India because the Ambanis threatened legal action;  an updated version went on sale under the title Ambani and Sons in , and there has been no action against the publisher so far.
A Hindi film said to be loosely inspired by the life of Dhirubhai Ambani was released on 12 January Rahman shows the struggle of a man striving to make his mark in the Indian business world with a fictional Shakti Group of Industries.
From Wikipedia, the free encyclopedia. This is the latest accepted revision , reviewed on 31 May Indian business tycoon. Mumbai , Maharashtra , India. Panchasil Prakashan. Retrieved 28 July The New York Times. Retrieved 20 May Retrieved 31 December University of California. BBC News. Retrieved 19 May Business Insider. The Times of India.
Retrieved 9 November Business Standard. Retrieved 12 September Padma Vibhushan award recipients. Balamuralikrishna T. Pattammal K. Shantaram Shivkumar Sharma Umayalpuram K. Sivaraman M. Subbulakshmi K. Dhar Jyotindra Nath Dixit M. Gill Hafiz Mohamad Ibrahim H.
Krishnamurthy P. Rajeswar C. Krishnaswamy Rao Pattadakal Venkanna R. Rao V. Narayan P. Parameswaran Amrita Pritam K. Raj C. Jasbir Singh Bajaj B. Goyal Purshotam Lal A. Lakshmanaswami Mudaliar S. Sunderlal Bahuguna B. Banerji Mirza Hameedullah Beg P. Ranga Ravi Narayana Reddy Y. Sangma M. Patel Venkatraman Ramakrishnan K. Ramanathan Raja Ramanna C.
Rao C. Sreedharan M. Srinivasan George Sudarshan M. Narayana Murthy M.
In , he was honored posthumously with the Padma Vibhushan , India's second highest civilian honour for his contributions to trade and industry. Dhirubhai Ambani was one of the sons of Hirachand Gordhanbhai Ambani, a village school teacher belonging to the Modh Baniya community and Jamnaben Ambani and was born in Chorwad, Junagadh district , Gujarat  on 28 December, He did his studies from Bahadur Kanji school. In his youth, he joined the protests against the Nawab of Junagarh and organized many actions against the Nawab's plans to join Pakistan after independence.
10 life lessons by Dhirubhai Ambani that trigger passion and enthusiasm
Dhirubhai Ambani , in full Dhirajlal Hirachand Ambani , born December 28, , Chorwad, Gujarat , British India—died July 6, , Mumbai, India , Indian industrialist who was the founder of Reliance Industries, a giant petrochemicals , communications, power, and textiles conglomerate that was the biggest exporter in India and the first privately owned Indian company in the Fortune Ambani was the third of five children born to a village schoolteacher and his wife, and he grew up in a family of modest means. At the age of 17, he migrated to the British colony of Aden to join his brother. He started his career as a clerk at A. There he learned trading, accounting, and other business skills. In Ambani returned to India and settled in Bombay now Mumbai. Ambani began a business trading in spices in the late s, calling his nascent venture Reliance Commercial Corporation.