Nusli Wadia vs Dhirubhai Ambani

Nusli Wadia’s profile picture
Dhirubhai Ambani’s profile picture
$6.43 Billion
Net worth 2018
$5.9 Billion
Food and Beverage
Industry
Telecommunication
Mumbai, India
Residence
Junagadh
India
Country
Indian
15/02/1944
BirthDay
28/12/1932
Died On
July 6, 2002
2
Children
NET WORTH STATISTIC
TIMELINE
2002

He breathed his last on July 6, 2002, after a major stroke

1986

A stroke in 1986 somewhat slowed him down and he handed over the reins of the company to his sons

1984

Between 1984 and 1996, the mill experienced a grand makeover as computerized and high-tech machines replaced the old traditional ones making Reliance the grandest composite mill in the country

1981

In 1981, his elder son Mukesh joined the business and he initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and productionIn 1983, his younger son, Anil Ambani joined the business and took over as the chief executive officer at Naroda

1972

By 1972, Reliance became huge and thriving, a stark contrast to its starting days

1967

By January 1967, his dreams started to realize as the Naroda factory began producing the finest quality of Nylon; but the new company had no buyers in the market as the wholesalers refused to buy fabric from Reliance at the instance of established big mill owners

1966

Production started as planned on September 1, 1966 but took a couple of months to stabilize

1958

Thus, he moved back to India in 1958 and started exploring business opportunities in Bombay

1949

In 1949, a new Socialist party emerged from the Congress of which he found himself a part of