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Dhirubhai Ambani


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Dhirajlal Hiralal Ambani (December 28, 1933, July 6, 2002), also known as Dhirubhai is a story about India becoming a rich business tycoon with a patchwork that established Reliance Industries with its cousin in Mumbai. Many people consider Ambani's access to intimate capitalism and ruling politicians for unprecedented / remarkable development, because this achievement was obtained by a favorable admission in a highly repressive business environment. (Licensed Raj pressed the Indians, strangled Indian business till 1990 and granted them the licenses granted to politicians who were their favors, who did not leave any competition). Ambani joined his company Reliance in the public sector in 1977, and by 2007, the sum of the family (sons Anil and Mukesh) was $ 100 billion, making Ambanis one of the world's wealthiest families.


early life 

Dhirubhai Ambani was born on Jun 28, 1933, in Junagadh (now in the Indian state of Gujarat) in Chorwad, in the very ordinary Modh family of Hirachand Gordhanbhai Ambani and Jamnaben. Though he was born in Gujarat, which is a social-religious group, and was the first province of northwestern India and after the partition, the property of Hindustan / is in the possession of Hindustan. He was the second son of a teacher. It is said that Dhirubhai Ambani had done his industry business by selling pakodas to the pilgrims on Girnar hills during the weekend.

When he was sixteen years old, he went to Aden, Yemen. He worked with A. Bessie & Co. (A. Besse & Co.) with a salary of Rs. 300. Two years later, A. Bassi and Co. Shell became distributor of production and Dhirubhai was promoted to manage a company's filing station at the port of Aden. 

He was married to Kokilaben and he had two sons, Mukesh Ambani and Anil Ambani and two daughters, Nina Kothari and Deepti Salgaocar.


Reliance Commercial Corporation

In 1958, Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of 15000.00. The primary business of the Reliance Commercial Corporation was to import and export spices of polyester yarn.

He started business in partnership with his second cousin Champaklal Damani, who used to live with him in Aden, Yemen. The first office of the Reliance Commercial Corporation is the Narsinath road of Masjid Bunder Founded on It was a 350 square foot room with a telephone, a desk and three chairs. Initially, there were two assistants to help in their business. In 1955, the partnership of Champakal Daimani and Dhirubhai Ambani ended and Dhirubhai started his own. It is believed that the temperaments of both were different and there was a separate opinion on how to do business. While Mr. Damani was a cautious trader and did not believe in the construction of thread factories / stores, Dhirubhai was known as a risk taker and he believed that with the hope of rising price, the construction of the reservoirs in Bhuleshwar, Mumbai [ 4] should be done in the estate, In order to make profit / make profits In 1968, they moved / moved to Altamount Road in South Mumbai. By 1960, Ambani's total amount was estimated to be 10 lakh rupees.


Reliance textiles

Due to the feeling of good opportunities in the textile business, Dhirubhai started the textile mill in Ahmedabad in 1966, Naroda (Naroda). Clothing made using polyester fibers / suits was made. Dhirubhai started the Vimal brand which was named after his elder brother Ramaniklal Ambani's son, Vimal Ambani. The extensive marketing of "Vimal" made it a household name in the interior areas of India. Franchise retailer center was started and they started selling "only Vimal" impression clothing. In 1975, a technical team of the World Bank visited the 'Reliance Textiles' manufacturing unit. The rare feature of the unit was that it was considered "superior to the standards of developed countries" at that time.


Initial public offering 

Dhirubhai Ambani is also credited with introducing Equity cult / Equity cult in India. More than 58,000 investors from different parts of India got the membership of Reliance IPO in 1977. Dhirubhai could convince the rural people of Gujarat that being a shareholder of their company would only give them benefits on their investment. 
Reliance Industries / Reliance Industries have the specialty that this is a private sector company with many annual meetings held in the Annual General Meetings stadium. In 1986, the annual general meeting of Reliance Industries / Reliance Industries was carried out in Cross Maidan, Mumbai, in which 35,000 shareholders and Reliance's family took part.
Dhirubhai could satisfy a large number of first-time retail investors to participate in the evolution of the Reliance story and put the hard-earned money in the Reliance Textile IPO, promising that instead of believing their investment, They will get strong profits. 
By 1980, the total amount of Ambani was calculated to 1 billion rupees.


Dhirubhai's stock exchange control 

In 1982, Reliance Industries / Reliance Industries stood against the rights issue of partially convertible debentures. It was rumored that the company is doing its utmost to not count its stock prices even one inch. Keeping in view the idea, a bare cartel, which was a group of stock brokers of Calcutta, started selling small shares of Reliance. To prevent this, a group of stock brokers, which till recently was referred to as "Friends of Reliance", started selling the small-scale sale of Reliance Industries from the Bombay Stock Exchange.
The beer cartel was working on the belief that Bulls would be less than cash to complete the transaction. And Badla '' business system, which was released at the Bombay Stock Exchange at the time, would be ready for the agreement. Buys per shoe buy 152 rupees for the day until the agreement was reached. On the day of the deal, the beer cartel was withdrawn / withdrawn, when the bulls demanded physical delivery of shares. In order to complete the transaction, the required cash was given to the stock brokers, who had bought Dhirubhai Ambani's shares without anybody else. In the case of non-settlement, Bulls demanded "unbalanced" (penalty amount) of Rs 35 (Rs.) Per share. With this, the demand for Reliance's share has increased and in 180 minutes it has reached up to Rs 180. This agreement triggered a massive attack in the market and Dhirubhai Ambani became the undisputed emperor of the stock market. He proved to his critics how dangerous it was to play with Reliance.
The situation was getting out of control. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Officers of the Bombay Stock Exchange intervened in this matter and brought 'Anadalah' down to Rs 2, deciding that the beer cartel would have to provide shares in the coming days. The beer cartel bought the shares of Reliance from the market in high prices and also came to know that Dhirubhai Ambani himself provided these shares to the beer cartel and earned a good profit / healthy profit from the risk of beer cartel.
After this incident many questions were raised by his critics and the press. A lot of people could not understand how a yarn trader can make / use such a huge amount of money in a time of crisis. The reply was given by the then Finance Minister Pranab Mukherjee in the Parliament. He informed the gathering that an NRI invested Rs. 22 crores (Rs.) Up to Rs. 22 crores in 1982-83 till 22 crores in Reliance. Such investments were done through various companies such as Crocodile, Lotas and Fiasco. These companies were initially registered in the State of Man. The interesting thing was that the makers of these companies had the same surname Shah (Shah). In an investigation conducted on this incident, the Reserve Bank of India could not detect any unethical and unlawful work or transaction, which was given by Reliance and its assistants. Was done.


Diversification 

During his tenure, Dhirubhai took up the business of petrochemicals as a major specialization and telecommunications, information technology, energy, power, retail, textile / textile, basic facilities, and additional interests / interests. Diversify infrastructure, capital market and logistics. The company is fully described as a business empire by the BBC [10] whose annual turnover is $ 12 billion and 85,000 strong workforce.


Criticism 

The rise of Dhirubhai Ambani. The author: Hamish McDonald, Publisher Allen and Unwin Pty., Ltd. (Australia), ISBN 1-86448-468-3] Despite his magical touch, Ambani has his own flexible values ​​and immoral tendencies that run in it Were, he was known about. His biographer himself acknowledged that there are some incidents of unethical behavior and illegal acts that they themselves have experienced as denaturation of public money while they were a minor employee at the petrol pump in Dubai. He was alleged to have changed the government policies to suit his needs and he is considered to be a king in government elections. Although most media sources had the tendency to talk about trade-politics, the Ambani camp always enjoyed more security and shelter from the media, which all the country was wrapped in a storm.


Conflict with Nusli Wadia 

Nusli Wadia of Bombay Dyeing was one of the biggest competitors of Dhirubhai and Reliance Industries at one time. Both Nasli Wadia and Dhirubhai were known for their reach in their political sphere and they had the ability to barely allow hard licenses to be approved in the pre-liberalized economy. 
In 1977-1979, during the Janata Party regime, Nusli Wadia obtained permission to plant 60,000 tonne of D-methyl terephthalate (DMT) plants. Unless the letter of intent was converted into license, many obstacles came in the way. Eventually, in 1981, Nusli Wadia was given the license of the plant. This incident worked as a catalyst between the two parties and the competition took a turn of ugly.


Articles of Indian Express 

At one time Ramnath Goenka was a friend of Dhirubhai Ambani. It is believed that Ramnath Goenka was close to Nusli Wadia. On many occasions, Ramnath Goenka tried to intervene between the groups fighting both, so that the end of hostility could be done. Goenka and Ambani became opponents of Ambani's corrupt business habits and due to their illegal / illegal activities, Goenka was unable to get a fair share. Later, Ramnath Goenka chose Nahli Wadia for his support. At one time, it is believed that Ramnath Goenka said, 'Noli is an Englishman. They could not handle Ambani. I am a bunya. I am going to finish how ".

Head of the Indian Express Group, 

As the days went by, the Indian Express, a broadsheet, which was used by them daily, had a series of articles against Reliance Industries and Dhirubhai who claimed that Dhirubhai was immoral Using business methods to maximize profits are increasing. Ramanath Goenka did not use his staff in the Indian Express for the filing of the case, but his closest adviser and authorized accountant S. Gurumurthy used to give it less. Gurumurthy for this work. Apart from S. Gurumurthy and another journalist Manek Davar, who were not on the roll of the Indian Express, started contributing stories. Jamnadas Murjani, a businessman who was against the Ambanis, was also a part of this campaign.
Both Ambani and Goenka were criticized and appreciated by the sections of society as a whole. People criticized Goenka that she is using a national newspaper due to her personal enmity. Critics believed that there are many other business people in this country who are using immoral and illegal methods more, but Goenka chose not only Ambani but also others to target himself. Critical Goenka used to appreciate the ability to run these articles without the help of their regular employees. Dhirubhai Ambani was getting much recognition and appreciation in the meantime. A wizard of the public was commending the business sense of Dhirubhai and his ability to control the system / arrangement according to his wishes.
This conflict ended only when Dhirubhai Ambani was shocked. When Dhirubhai Ambani was getting good in San Diego, his sons Mukesh Ambani and Anil Ambani were looking after the workings / were managing the work. The Indian Express turned down the guns on Reliance and began to make direct allegations on the government that he was not doing much to punish the Reliance industry. The battle between Wadia-Goenka and the Ambanis had now taken a new direction and the national crisis was created. Gurumurthy and another journalist Mulgaokar accompanied President Gyani Jail Singh and made an adverse bogus letter to the Prime Minister on behalf of them. The Indian Express printed a draft of the Presidential Letter, Without realizing it / thought that Jail Singh had changed the letter even before sending a letter to Rajiv Gandhi, Ambani had won a fight on this point. Now that the struggle was directly between Prime Minister Rajiv Gandhi and Ramnath Goenka, Ambani got out of silence. The Government then raided the Express guest Gahar in the beautiful city of Delhi and found that it is in the handwriting that Mulgaokar with original draft reform. From 1988-89, Rajiv's government imposed a series of indictments against the Indian Express. Nevertheless, Goenka had made his glory, because for many people he kept his brave image during the Emergency. Rajiv's government imposed a series of indictments against the Indian Express. Nevertheless, Goenka had made his glory, because for many people he kept his brave image during the Emergency. Rajiv's government imposed a series of indictments against the Indian Express. Nevertheless, Goenka had made his glory, because for many people he kept his brave image during the Emergency.


Dhirubhai and B.P. Singh 

It was widely believed that there was no cordial relationship with Vishwanath Pratap Singh of Dhirubhai who succeeded Rajiv Gandhi as the successor of India. In May, 1985, V.P. Singh suddenly stopped importing from the category of open general license of pure Terephthalic Acid. This material was important as a raw material for the manufacture of polyester thread. It made Reliance very difficult to operate that methodology. With a lot of financial institutions, Reliance was able to get the trust / letter of credit, which would allow him to import the PTA requirement of the entire year, which has changed the category of notification of the government under which PT can be imported is. 1990, In the government-authorized financial institutions such as Life Insurance Corporation of India and General Insurance Corporation blocked or failed / attempted to get management control of the Reliance Group's Larsen and Toubro / Dashed. When the defeat was felt, the Ambanis resigned from the board of the company. In April 1989 Dhirubhai, who was the L & T president, had to leave the post to make way for D. Anne Former President of State Bank of India


The death 

Last journey: Last visit: Thousands of people were seen attending Dhirubhai Ambani's last rites. Mukesh Ambani and Anil Ambani can be seen carrying their father's body according to Hindu customs. 
After a major shock, Dhirubhai Ambani was admitted to the Breach Candy Hospital in Mumbai on June 24, 2002. This was the second shock, first he was in the condition of a coma for February 1986, Nayoub He was one week. A group of doctors could not succeed in saving their life. They took their last breath around July 6, 2002, 11:50 at night. (Indian Standard Time)
His funeral was not only attended by traders, politicians and celebrities, but also thousands of ordinary people participated. His eldest son, Mukesh Ambani, completed the last rites according to the Hindu tradition. His last rites, July 7 (July 7), 2002. At 4:30 pm (Indian standard time) in the Chandanwadi crematorium in Mumbai. 
As his survivor, his wife Kokilaben and two sons Mukesh Ambani and Anil Ambani and two daughters Nina Kothari and Deepti Salgaonkar survived.
Dhirubhai Ambani started his long journey as a small businessman from the market of Bombay's basic clothes. As a sign of respect to this great businessman, Mumbai Textile Merchants decided to close the market on July 8 (July 8) 2002. At the time of Dhirubhai's dying, the annual amount of RIL's rupees (Rs.) 75,000 crores or USD $ 15 billion. 1976-77, the annual amount of the Reliance group was Rs. 70 crores and it should be remembered that Dhirubhai started this business with only 15,000 (US $ 350) (Rs.).


Reliance after Dhirubhai Ambani 

In November 2004, Mukesh Ambani accepts differences over 'issues of dominance' with his brother in an interview. He also said that the differences "come into the private sector". His opinion was that it will not affect the functioning of the company, saying that Reliance is one of the strongest companies managed by professionals. Considering the importance of the Reliance industry's Indian economy, this issue was 
addressed to the media in the media, Kundapur Vaman Kamath, managing director of ICICI Bank, who is close friend of Jai Ambani family. Seen in the media The brothers assigned their mother Kokilaben Ambani to solve this issue. On June 18, 2005, Kokilaben Ambani said that the matter will be settled by a communiqué.
Reliance Empire was divided into Ambani brothers, Mukesh Ambani got RIL and IPCL and younger sister Anil Ambani got the title of Reliance Capital, Reliance Energy and Reliance Infocom. The organization being run by Mukesh Ambani was named in the name of Rayans Industries Limited, while Anil Group's name was reverted to Anil Dhirubhai Ambani Group (ADAG).


Famous quotes / quotes

From the beginning, Dhirubhai was seen with high regards / was seen with respect. His success in petro-chemical business and the story of making money from patchwork made him a cult / ideals in the minds of Indian people. In addition to a valuable business leader, he was also a motivator. They gave very little public speeches, but the things they said are still remembered for their values. 
With 30 million investors, RIL will get the title of "World's Largest Company"

* "I do not have to listen" etc. I am deaf to the word.


"There is no limit on the development of Reliance

I keep changing my attitude. You can do this only when you will dream

"Think big, think quickly, think ahead, thoughts of no one, no idea about anyone's monopoly." There is no monopoly on thoughts. 
"Our dreams should always be huge ... Our ambitions are always high / our aspirations always high our commitment is always deep 
and our The effort should be great, 
this is my dream for Reliance and India. 
"You do not need an invitation to make profits / profit. 
" If you work with firmness and perfection, then success will move you / your success will follow. ' 
Find your goals in difficulties too and transform disasters into opportunities / opportunities. Change the 
environment to the youth. Inspire them. Help those who need them, each one has the source of infinite energy. / They will.
"My past, present and future have an equal aspect: reliance and belief. This is the foundation of our development. 
'We bet on people' 
'It is not good to touch the time limit, it is my hope / wish to beat the time limit. 
'Oh no, courage is my faith. 
'We can not change our rulers, but we can change the rule of their discipline. 
'Dhirubhai will go one day. But Reliance employees and shareholders will keep it running / retaining. Reliance is now a retention where Ambani has become irrelevant now.

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