Dhirubhai Ambani’s profile picture

Dhirubhai Ambani

Dhirubhai Ambani’s profile picture
Net worth 2018: $5.9 Billion
Residence: Junagadh
Country: Indian
BirthDay: 28 December 1932
Sigh: Capricorn
Died On: July 6, 2002
BIOGRAPHY

Dhirubhai Ambani was bornon 28 December 1932 in Junagadh, Indian. Fiery instinct, futuristic outlook, indomitable will, and a burning passion was all that Dhirubhai Ambani had when he set out to work his way for a living in the lanes of Bombay, way back in 1958. From being a spice dealer to a cloth merchant to a textile producer, it was his overarching ambition, inexhaustible energy and never-say-die spirit that led him through all the obstacles to emerge as the business tycoon of India. He established and laid the foundation for Reliance Industries, which has become one of the largest conglomerates of India today. It was through his futuristic vision and strong business acumen that Reliance Industries created history in the Indian industry, a legacy that would serve as an inspiration for generations to come! Dhirubhai Ambani’s life is surely the rags to riches story, as he took one step at a time to become one of the industrial giants of the country. Fuelled by an aim to ‘Think Big, Think Differently, Think Fast and Think Ahead’ his capacities in the entrepreneurial sector were in stark contrast with his competitors, as he promised his dealers a deal that was revolutionary, ‘profit we share, losses are mine’. It was through his zeal, bonhomie and invincible spirit of conquering the universe that he transformed his men from clay into steel and helped them attain the pinnacle of success. For more on his life and profile, read on.

NET WORTH STATISTIC
2018

$5.9 Billion

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

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