CHILDHOOD Extremely demanding, and difficult to placate. As he grew up, he became even more vigorous, and irrepressible. Possessed immense gusto and enormous energy.Always determined to do what he wanted to do, in exactly the way he wanted it done, come hell or high water, as the phrase goes.
Education After he completed his primary education, at the village school, he was sent to the Junagarh Dist. for further studies Quite popular in his school and well- known for his brilliance and hard-work Elected general secretary of the Junagarh Students Union
Dhirubhai campaigned for the Socialists. His elder brother and father were strongly opposed to this decision, especially as he had failed in his matriculation examination in the previous year. The candidates for whom he had campaigned won. Dhirubhai was pleased and was invited to join the Socialist Party but he had other things in mind. "Though I found the life of politics immensely attractive, I felt deep in my heart that I belonged to somewhere else…business, perhaps, though things were not yet so clear to me," he said in his later years.
After his annual matriculation examination, on the request of his father he had to move to Aden, Yemen to support his family. Aged 16 yrs. Started worked with A. Besse & Co. as a dispatch clerk for a salary of Rs.300, immediately on reaching Aden. A. Besse & Co.-- largest transcontinental trading firm east of Suez, engaged in almost every branch of trading business-cargo booking, handling, shipping, forwarding, and wholesale merchandising. Dhirubhai -first sent to the commodities trading section & later, transferred to the section that handled petroleum products for the oil giant Shell. quick on the uptake; learnt the ways of commodity trading.
Majin Commercial Corporation Ten years later, Dhirubhai Ambani returned to India and started "Majin" in partnership with Champaklal Damani, his second cousin, who used to be with him in Aden, Yemen. The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder. It was 350 sq ft (33 m2). room with a telephone, one table and three chairs. Initially, they had two assistants to help them with their business. During this period, Dhirubhai and his family used to stay in a one bedroom apartment. In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership . Dhirubhai started on his own. It is believed that both had different take on how to conduct business. Ambanis net worth was estimated at about Rs.10 lakh by late 1970s.
Reliance Textiles Sensing a good opportunity in the textile business, Dhirubhai and Aryan Mehra started the first textile mill at Naroda, in Ahmedabad in the year 1966. Dhirubhai started the brand "Vimal"Extensive marketing of the brand "Vimal" in the interiors of India made it a household name. Franchise retail outlets were started and they used to sell "only Vimal" brand of textiles. Dhirubhai Ambani is awarded with starting the equity cult in India. More than 58,000 investors from various parts of India subscribed to Reliances IPO in 1977.
•9 Great management lessonsfrom Dhirubhai Ambani 1: Roll up your sleeves and help. 2: Be a safety net for your team. 3: The silent benefactor. 4: Dream big, but dream with your eyes open. 5: Leave the professional alone! 6: Change your orbit, constantly!
7. The arm-around-the-shoulder leader 8. The Dhirubhai theory of Supply creating Demand 9. Money is not a product by itself, it is a by-product, so dont chase itEntrepreneurship’s true sense lies in the fact that he always looks upon opportunity. “He gave courage which we never new we had”
BOOKIn 1998, a book published by Hamish McDonald titled "The PolyesterPrince" is also an unauthorised biography of Dhirubhai Ambani,outlining all his political and business conquests.
AWARDS AND RECOGNITIONS November 2000 – Conferred Man of the Century award by Chemtech Foundation and Chemical Engineering World in recognition of his outstanding contribution to the growth and development of the chemical industry in India 2000, 1998 and 1996 – Featured among Power 50 - the most powerful people in Asia by Asiaweek magazine August 2001 – Economic Times Awards for Corporate Excellence for Lifetime Achievement A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth In The Centuries".