Nmims Dhirubhai Ambani
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Nmims Dhirubhai Ambani

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  • An ordinary man with Extraordinary Talent……

Nmims Dhirubhai Ambani Nmims Dhirubhai Ambani Presentation Transcript

  • DHIRAJLAL HIRACHAND AMBANI (1932 – 2002) ENTREPRENEUR PAR EXCELLENCEGROUP MEMBERS1.SACHIN NIKAM2.K VIJAYKRISHNA3.SHODHAN K4.P CHAND5.CYRIL SIMON6.CN SUBHASH
  • ENTREPRENEUR• DERIVED FROM FRENCH WORD ENTREPRENDRE MEANING ‘TO UNDERTAKE’• AN ENTREPRENEUR IS ONE WHO TAKES RISK TO START A BUSINESS OR OTHER VENTURE, OR TO BUY AND ASSUME THE TOP MANAGEMENT OF A COMPANY.• A PERSON WHO BUYS FACTORS OF PRODUCTION AT CERTAIN PRICES IN ORDER TO COMBINE THEM INTO A PRODUCT WITH A VIEW TO SELL THEM AT UNCERTAIN PRICES - RICHARD CARLETON
  • BROAD OVERVIEW OF PRESENTATION • LIFE & TIME • VISION AND MISSION • ACHIEVEMENT • CRITICAL APPRAISAL
  • LIFE AND TIMEBACKGROUND• DHIRAJLAL HIRACHAND AMBANI COMMONLY KNOWNAS DHIRUBHAI AMBANI WAS BORN ON 28 DECEMBER1932 AT JUNAGADH , GUJARAT TO HIRACHAND ANDJAMNABEN .• FATHER , A SCHOOL TEACHER . SIBLINGS INCLUDED TWO SISTERS ANDBROTHERS. DHIRUBHAI WAS THE SECOND SON.• HIGHLY INTELLIGENT, DISLIKED SCHOOL LESSONS AND CHOSE TO DOPHYSICAL WORK INSTEAD. COULD NOT PURSUE A BACHELORS DEGREEDUE TO FAMILY PROBLEMS.• MARRIED TO KOKILABEN IN 1954.• PASSED AWAY ON 06 JULY 2002. HE WAS SURVIVED BY KOKILABEN AMBANI, TWO SONS, MUKESH AMBANI & ANIL AMBANI AND TWO DAUGHTERS, NINA KOTHARI & DEEPTI SALGAONKAR. “PROFITS WE SHARE AND LOSSES ARE ALL MINE”
  • WORK – INITIAL DAYS• MOVED TO ADEN, YEMEN AT 16. STARTED HIS CAREER AS A DISPATCHCLERK WITH A. BESSE & CO. FOR A SALARY OF RS 300• IN DUE COURSE, PROMOTED TO MANAGE THE COMPANY’S FILLINGSTATION AT ADEN.• THE FIRST SIGN OF AMBITION TO ACHIEVE WAS OBSERVED IN EARLY1950’s WHEN HE MELTED SILVER COINS OF YEMENI RIYAL INTO METALAND SOLD IT TO BULLION MARKET IN LONDON. HE KNEW THAT THEINTRINSIC VALUE OF SILVER WAS MORE THAN THAT OF FACE VALUE OFCOIN.• AT ADEN , HE ACCQUIRED SKILLS IN HIGH SEAS PURCHASE & SALES,MARKETING & DISTRIBUTION, CURRENCY TRADING, ACCOUNTING,PREPARING SHIPPING DOCUMENTS, DEALING WITH BANKS ANDINSURANCE COMPANIES “I DON’T BELIEVE IN NOT TAKING OPPORTUNITIES”
  • EMERGENCE OF BUSINESS IN INDIA• AMBANI RETURNED TO INDIA AND STARTED "MAJIN" IN PARTNERSHIP WITH CHAMPAKLAL DAMANI IN 1958.• MAJIN WAS TO IMPORT POLYESTER YARN AND EXPORT SPICES TO YEMEN.• THE FIRST OFFICE OF THE RELIANCE COMMERCIAL CORPORATION WAS SET UP AT MASJID BANDAR IN MUMBAI.• IN 1965, AT ONE INSTANCE RELIANCE BUILT UP A LARGE HOLDING OF YARN IN EXPECTATION OF PRICE RISE. DAMANI PRESSURISED AMBANI TO SELL OFF THE STOCK AT THE EARLIEST. SO DHIRUBHAI SOLD THE YARN STOCKPILE-TO HIMSELF, IN SECRET. TWO - THREE WEEKS LATER, THE PRICE OF YARN SHOT UP AND DHIRUBHAI MADE A WHOPPING PROFIT.• CHAMPAKLAL DAMANI AND AMBANI ENDED THEIR PARTNERSHIP AND DHIRUBHAI VENTURED ON HIS OWN. “ONLY WHEN YOU DREAM IT YOU CAN DO IT.”
  • EMERGENCE OF BUSINESS IN INDIA• AMBANI AND ARYAN MEHRA STARTED THE FIRSTTEXTILE MILL AT NARODA , IN AHMEDABAD IN1966.• AGGRESSIVE MARKETING OF THE BRAND "VIMAL" INTHE INTERIORS OF INDIA MADE IT A HOUSEHOLD NAME.• AMBANI BEGAN THE PROCESS OF BACKWARD INTEGRATION, SETTINGUP A PLANT TO MANUFACTURE POLYESTER FILAMENT YARN.•DURING RELIANCES IPO IN 1977 MORE THAN 58,000 INVESTORS FROMVARIOUS PARTS OF INDIA SUBSCRIBED TO IT. DHIRUBHAI AMBANI ISCONSIDERED A FATHER FIGURE IN PROMOTING THE EQUITY CULTIN STOCK MARKET STATUS.•LATER DIVERSIFIED INTO CHEMICALS, PETROCHEMICALS, PLASTICS,POWER.THE FINAL PHASE OF RELIANCE’S DIVERSIFICATION OCCURREDINTHE 1990S WHEN THE COMPANY TURNED AGGRESSIVELY TOWARDSPETROCHEMICALS ANDGOALS EVEN IN THE FACE OF DIFFICULTIES, "PURSUE YOUR TELECOMMUNICATIONS. AND CONVERT ADVERSITIES INTO OPPORTUNITIES."
  • VISION & MISSION VISION• THROUGH SUSTAINABLE MEASURES, CREATE VALUE FOR THENATION ACROSS THE ENTIRE SOCIO-ECONOMIC SPECTRUM AND HELP SPEARHEAD INDIA AS A GLOBAL LEADER IN THEDOMAINS WHERE WE OPERATE MISSION• CREATE VALUE FOR STAKEHOLDERS• GROWTH THROUGH INNOVATION• LEAD IN GOOD GOVERNANCE PRACTICES• USE SUSTAINABILITY TO DRIVE PRODUCT DEVELOPMENT• ENHANCE OPERATIONAL EFFICIENCIES• ENSURE ENERGY SECURITY OF THE NATION• FOSTER RURAL PROSPERITY IF YOU WORK WITH DETERMINATION AND WITH PERFECTION, SUCCESS WILL FOLLOW."
  • MILESTONES1977• RELIANCE WENT PUBLIC WITH IPO• DHIRUBHAI INTRODUCED AN EQUITY CULT IN INDIA• A NEW MODEL OF BUSINESS LEADERSHIP FROM A BASE OF THEBROADEST PUBLIC SHAREHOLDERS1982-88• RELIANCE SUCCESFULLY COMMISSIONED POLYSTERMANUFACTURING FACILITY AT PATALGANGA.• ANOTHER STEP IN BACKWARD INTEGRATION "DONT GIVE UP, COURAGE IS MY CONVICTION."
  • MILESTONES1991• RELIANCE COMMISIONED PHASE-1 OF HAZIRA PETROCHEMICALSCOMPLEX.• CONSOLIDATED ITS POSITION IN POLYSTERS1993• PIONEERED THE FIRST EVER EURO CONVERTIBLE BOND ISSUEDBY AN INDIAN COMPANY FOR US$140 MILLION• RELIANCE RAISED RS 2172 CRORES FROM DOMESTIC CAPITALFOR SETTING UP WORLD CLASS REFINERY AT JAMNAGAR,GUJARAT.• THE LARGEST EVER PUBLIC OFFERING BY ANY INDIANCORPORATE. "WE BET ON PEOPLE."
  • MILESTONES1995• RELIANCE BECAME THE FIRST PRIVATE SECTOR COMPANY TO BERATED BY “INTERNATIONAL CREDIT RATING AGENCIES”.• ALSO BECAME THE FIRST PRIVATE SECTOR COMPANY FROM INDIATO RAISE US$ 300 MILLION IN THE INTERNATIONAL DEBT MARKET1996-97• RELIANCE TAPPED THE US DEBT MARKET WITH YANKEE BONDISSUE FOR A TOTAL OF OVER US$ 600 MILLION. THE MATURITIESFOR THESE ISSUES WERE 10-100 YEARS"MEETING THE DEADLINES IS NOT GOOD ENOUGH, BEATING THE DEADLINES IS MY EXPECTATION."
  • MILESTONES1996-98• RELIANCE COMPLETED PHASE-II EXPANSION OF HAZARIA PETROCHEMICALS COMPLEX WITH AN INVESTMENT OF OVER RS 9000CRORES.THIS INCREASED RELIANCE PRODUCTION CAPACITYFOURFOLDS TO MORE THAN 6 MILLION TONNES PER ANNUM 2000-02 • RELIANCE CONSOLIDATED ITS POSITION AS THE SINGLE LARGEST SHAREHOLDER IN BSE. • INDIA’S LEADING POWER UTILITY COMPANY RELIANCE ANNOUNCED ITS INFOCOM FORAY WITH A CAPITAL OUTLAY OF UPTO RS 25000 CRORES( US$ 5 BILLION) ADDRESING ENTIRE TELECOM MARKET IN INDIA WITH A NATIONAL FOOT PRINT“OUR DREAMS HAVE TO BE BIGGER. OUR AMBITIONS HIGHER. OUR COMMITMENT DEEPER. AND OUR EFFORTS GREATER. THIS IS MY DREAM FOR RELIANCE AND FOR INDIA."
  • MILESTONES2000-02• RIL AND RPL BECOME INDIA’S TWO LARGEST COMPANIES INTERMS OF ALL FINANCIAL PARAMETERS• RPL MERGES WITH RIL, THE LARGEST EVER MERGER IN INDIA.THE MERGER GAVE RIL THE DISTINCTION OF BECOMING INDIA’SFIRST PRIVATE SECTOR COMPANY, IN THE INTERNATIONALLYRATED, FORTUNE GLOBAL 500 LIST OF THE WORLDS LARGESTCORPORATIONS• RELIANCE RATED AS “INDIA’S MOSTADMIRED BUSINESS HOUSE” “ THE PROBLEM WITH INDIANS IS THAT WE HAVE LOST THE HABIT OF THINKING BIG .”
  • AWARDS• BUSINESSMAN OF THE YEAR 1993, BUSINESS INDIA - 1994• AWARDED THE COMPANION MEMBERSHIP OF THE TEXTILEINSTITUTE, UK, AN AWARD WHICH IS LIMITED TO 50 LIVINGMEMBERS (WHO HAVE "SUBSTANTIALLY ADVANCED THE GENERALINTERESTS OF THE INDUSTRIES BASED ON FIBRES”) - 1994• STAR OF ASIA BY BUSINESS WEEK, USA - 1998.• AWARDED THE DEANS MEDAL BY THE WHARTON SCHOOL,UNIVERSITY OF PENNSYLVANIA, FOR SETTING AN OUTSTANDINGEXAMPLE OF LEADERSHIP - 1998.• THE ONLY INDIAN INDUSTRIALIST IN BUSINESS HALL OF FAMEIN ASIA WEEK - 1998.• CONFERRED THE “INDIAN ENTREPRENEUR OF THE 20TH CENTURY”AWARD” BY FICCI - 2000 "I AM DEAF TO THE WORD "NO".“
  • ENTREPRENEUR TRAITS • LEAD BY EXAMPLE • ABILITY TO CONVINCE • OPPORTUNIST • MANIPULATOR • STRONG CONVICTION AND AGGRESSIVE APPROACH • EXCELLENT INTERPERSONAL SKILLS • BELIEVED IN CHANGE, UPGRADATION AND INNOVATION • HIGHLY CALCULATIVE RISK TAKER"YOU DO NOT REQUIRE AN INVITATION TO MAKE PROFITS."
  • CRITICAL APPRAISAL POSITIVE ASPECTS • HE WAS A BUSINESS MESSIAH FOR HIS INVESTORS • HE WAS ENDOWNED WITH PHOTOGRAPHIC MEMORY FOR FACES & NAMES AND MAINTAINED EXCELLENT INTER PERSONAL RELATIONSHIP WITH EMPLOYEES & PARTNERS • THE WHOLE IDEA OF CREATING VALUE FOR SHAREHOLDERS WAS PIONEERED BY DHIRUBHAI AMBANI IN THE INDIAN STOCK MARKETS • HIS DREAMS & STEADFAST VISIONS LED TO THE UNIMAGINABLE EXPANSION OF RELIANCE EMPIRE “"GIVE THE YOUTH A PROPER ENVIRONMENT. MOTIVATE THEM.EXTEND THEM THE SUPPORT THEY NEED. EACH ONE OF THEM HAS INFINITE SOURCE OF ENERGY. THEY WILL DELIVER."
  • CRITICAL APPRAISAL PERSONALITY AS PERCEIVED BY PEOPLE• AMBANI WAS A PERSON WITH LOT OF HUMILITY. IT IS EXTREMELYDIFFICULT TO ACHIEVE SO MUCH IN LIFE AND STILL BE CONNECTED TOYOUR ROOTS AND REMAIN HUMBLE. SUCH WAS HIS CONNECTION WITHSHARE HOLDERS AND PUBLIC.• HE WAS COMPASSIONATE FOR THE SOCIETY AND WASINVOLVED IN A LOT OF PHILANTHROPIC ACTIVITIESWITHOUT BEING BOASTFUL ABOUT IT.• IT INCLUDED ADOPTION OF PUBLIC HEALTH CARE,BUILDING HOSPITAL, ECO FRIENDLY INITIATIVES, RURALDEVELOPMENT SCHEME, EMPOWERMENT OF WOMWEN ETC PURSUE YOUR GOALS EVEN IN THE FACE OF DIFFICULTIES AND CONVERT ADVERSITIES INTO OPPORTUNITIES.”
  • CRITICAL APPRAISALPERSONALITY AS PERCEIVED BY PEOPLE• AS PER ONE WRITER, THERE ARE THREE PERSONALITIES OFDHIRUBHAI AMBANI - FIRST, IS A UNIQUE, LARGER THAN LIFE, A BRAND NAME. AND FOR GUJARATI PEOPLE. HE HAS TREMENDOUS EMOTIONAL AND SENTIMENTAL APPEAL. HE IS THEIR ULTIMATE MAN. - SECOND , IS A SCHEMER, A LIAR, WHO REGRETS NOTHING AND HAS NO VALUES IN LIFE. - THIRD, WHO HAS A MORE SOPHISTICATED POLITICAL BRAIN, A DREAMER AND A VISIONARY.• PEOPLE ARE ALWAYS GETTING THE THREE PERSONALITIESMISTAKEN."BETWEEN MY PAST, THE PRESENT AND THE FUTURE, THERE IS ONE COMMON FACTOR: RELATIONSHIP & TRUST. THIS IS THE FOUNDATION OF OUR GROWTH
  • CRITICAL APPRAISAL PERSONALITY AS PERCEIVED BY PEOPLE• TO ANOTHER WRITER, HE WAS A FRANKENSTEINS MONSTER‘CREATED BY THE EXPERIMENT OF CLOSED INDIAN ECONOMY WHOCOULD ‘MAKE OR BREAK PRIME MINISTERS’ BY EXERCISING ACONTROL OVER MEDIA, STOCK MARKET & POLITICIANS.• A SENIOR LAWYER ALSO HAD AN EQUALLY STARK VIEW WHO SAIDTODAY THE FACT IS THAT DHIRUBHAI AMBANI IS BIGGER THANGOVERNMENT’.• WHATEVER SAID & DONE DHIRUBHAI AMBANI IS ARGUABLYINDIA’S MOST SUCCESSFUL ENTREPRENEUR OF THE CENTURY.DHIRUBHAI WILL GO ONE DAY. BUT RELIANCES EMPLOYEES ANDSHAREHOLDERS WILL KEEP IT AFLOAT. RELIANCE IS NOW ACONCEPT IN WHICH THE AMBANIS HAVE BECOME IRRELEVANT.”
  • An ordinary man with Extraordinary Talent……