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dhirubhai ambani

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dhirubhai ambani

  1. 1. THE PIONEERS BHUSHAN KUMAR MANASA R SHYAM SUNDAR B S SNEHA K M SUNIL YADAV Bangalore Branch of SIRC of ICAI 87 th Batch
  2. 3. <ul><li>D.O.B.- 28.12.1932 </li></ul><ul><li>He born at Chorwad, of Gujurat </li></ul><ul><li>Father - Hirachand Govardhandas Ambani -a school teacher </li></ul><ul><li>Mother- Jamanaben - a thrifty woman </li></ul><ul><li>Two brothers and two sisters. </li></ul>
  3. 4. <ul><li>CHILDHOOD </li></ul><ul><li>Extremely demanding, and difficult to placate. </li></ul><ul><li>As he grew up, he became even more vigorous, and irrepressible. </li></ul><ul><li>Possessed immense gusto and enormous energy. </li></ul><ul><li>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. </li></ul>
  4. 5. <ul><li>After he completed his primary education, at the village school, he was sent to the Junagarh Dist. for further studies. </li></ul><ul><li>Quite popular in his school and well- known for his brilliance and hard-work. </li></ul><ul><li>Elected general secretary of the Junagarh Students Union. </li></ul>
  5. 6. <ul><li>The nawab unleashed a reign of terror to crush the popular protests. </li></ul><ul><li>The agitation became more vigorous after India’s independence. </li></ul><ul><li>Dhirubhai plunged into the movement rallying a team of students to write patriotic slogans on the town walls in the night. </li></ul><ul><li>Movement became impossible to crush or contain- the Nawab fled to Pakistan on 12 th Nov 1947. </li></ul>
  6. 7. <ul><li>Dhirubhai campaigned for the Socialists. </li></ul><ul><li>His elder brother and father were strongly opposed to this decision, especially as he had failed in his matriculation examination in the previous year. </li></ul><ul><li>The candidates for whom he had campaigned won. </li></ul><ul><li>Dhirubhai was pleased and was invited to join the Socialist Party but he had other things in mind. </li></ul><ul><li>&quot; 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 ,&quot; he said in his later years. </li></ul>
  7. 8. <ul><li>After his annual matriculation examination, on the request of his father he had to move to Aden, Yemen to support his family. </li></ul><ul><li>Aged 16 yrs. </li></ul><ul><li>Started worked with A. Besse & Co. as a dispatch clerk for a salary of Rs.300, immediately on reaching Aden. </li></ul><ul><li>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. </li></ul><ul><li>Dhirubhai -first sent to the commodities trading section & later, transferred to the section that handled petroleum products for the oil giant Shell. </li></ul><ul><li>quick on the uptake; learnt the ways of commodity trading. </li></ul>
  8. 9. <ul><li>Roamed the bazaars of Aden where traders from different backgrounds, bought and sold goods worth millions of pound sterling during the day. </li></ul><ul><li>Temptation towards speculation- Joined Gujarati firm- Learnt the basics. </li></ul><ul><li>Read newspapers, magazines, book, etc. – relating to business, history, and psychology. </li></ul><ul><li>1954-Ambani’s marriage and 1 st oil refinery and harbor came up in Aden. Promotion to Ambani. </li></ul>
  9. 11. <ul><li>Enters into partnership with cousin Champaklal Damani in 1962 for yarn and spices business with a capital of Rs.15,000. </li></ul><ul><li>Ends partnership in 1965 due to conflicts of decisions. </li></ul><ul><li>Starts sole proprietorship concern. </li></ul>
  10. 12. <ul><li>Starts Reliance textiles at Naroda in 1966. </li></ul><ul><li>Starts brand of vimal textiles ; vimal brand franchised throughout the country. </li></ul><ul><li>His assets were worth 10 lakhs by 1970’s. </li></ul><ul><li>Reliance textiles gets certified excellent by developed country standards for their manufacturing units in 1975. </li></ul><ul><li>The Vimal brand phased out couple of years back- but revived by the Reliance textiles in 2008. </li></ul>
  11. 14. <ul><li>decided to start a textile unit of his own </li></ul><ul><li>decided to buy a old mill and renovate it </li></ul><ul><li>But just when the deal was to be initialed, one of the partners reneged on the agreement </li></ul><ul><li>From then on he decided to build on his own using the best technology irrespective of the cost </li></ul><ul><li>First factory was built in Naroda,still a developing area </li></ul>
  12. 15. <ul><li>Most of his team members were uneducated except for an engineer and 2 matriculates </li></ul><ul><li>He was an all-in-one package and fixed the troublesome nitty-gritty's. </li></ul><ul><li>Nylon was decided to be manufactured. </li></ul><ul><li>Devaluation by the government steeply raised the project cost. </li></ul><ul><li>Problem of locating trained and experienced textile mill workers </li></ul><ul><li>In spite of all difficulties, production started on the morning of the target date of 1 September 1966 </li></ul>Motivator and Person of his Words
  13. 16. <ul><li>Admitted to the Breach Candy Hospital in Mumbai on June 24, 2002 after he suffered a second major &quot;brain stroke”. </li></ul><ul><li>First one had occurred in February 1986 and had kept his right hand paralyzed. </li></ul><ul><li>State of coma for more than a week. </li></ul><ul><li>Breathed his last on July 6,2002, at around 11:50 P.M. </li></ul><ul><li>As a mark of respect,The Mumbai Textile Merchants' decided to keep the market closed on July 8, 2002. </li></ul><ul><li>At that time,Reliance Group had a gross turnover of Rs. 75,000 Crore or USD $ 15 Billion </li></ul>
  14. 18. <ul><li>(DA-IICT)- Dhirubhai Ambani Institute of Information and Communication Technology - established by The Dhirubhai Ambani Foundation (DAF) at Gandhinagar in Gujarat. </li></ul><ul><li>Community Development </li></ul><ul><li>Gave importance for community development. </li></ul>
  15. 19. <ul><li>The DAF has joined the management of Sir Hurkisondas Nurottumdas Hospital and Research Centre (HNH&RC) </li></ul><ul><li>It is a 28-year-old institution involved in clinical research </li></ul><ul><li>DAF converted this hospital into a patient-focused and not-for-profit. </li></ul><ul><li>Dhirubhai Ambani Hospital, Lodhivali, District Raigad </li></ul><ul><li>  </li></ul><ul><li>  </li></ul>Healthcare Initiatives
  16. 21. <ul><li>He gave few public speeches but the words he spoke are still remembered for their value: </li></ul><ul><li>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. </li></ul><ul><li>&quot;You do not require an invitation to make profits.&quot; </li></ul><ul><li>&quot;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.&quot; </li></ul><ul><li>&quot;We bet on people.&quot; </li></ul><ul><li>&quot;We cannot change our Rulers, but we can change the way they Rule Us.“ </li></ul><ul><li>&quot;Meeting the deadlines is not good enough, beating the deadlines is my expectation.&quot; </li></ul>
  17. 22. THANK YOU

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