Dhirajlal Hirachand Ambanialso known as Dhirubhai, (28 December1932 – 6 July 2002) An Indian business magnate andentrepreneur who founded RelianceIndustries, a petrochemicals, communications,power, and textiles Ambani took his companypublic in 1984. Dhirubhai has been one among the selectForbes billionaires and has also figured in theSunday Times list of top 50 businessmen inAsia. His life has often been referred to as a true"rags to riches" story.
Early lifeHe was born into a Gujarati family. Hirachand Gordhandhas Ambani was a village school teacher with little income.Hirachand and Jamnaben had two daughters and three sons Dhirubhai was the second son.Dhirubhai was highly intelligent. He also do not like to learn lessons in the classroom.
• Dhirubhai started off as a small time worker with Arab merchants in the 1950s• moved to Mumbai in 1958 to start his own business in spices.• After making modest profits, he moved into textiles and opened his mill near Ahmedabad.• Dhirubhai founded Reliance Industries in 1958 and today the company, with over 85,000 employees, provides almost 5% of the Central Governments total tax revenue.• Ambani was credited with introducing the stock market to the average investor, and thousands of investors attended the Reliance annual general meetings, which were sometimes held in a football stadium, with millions more watching on television
Reliance Textiles Sensing a good opportunity in the textile business,Dhirubhai and Aryan Mehra started the first textile mill atNaroda, in Ahmedabad in the year 1966. Dhirubhai started the brand "Vimal"Extensivemarketing of the brand "Vimal" in the interiors of Indiamade it a household name. Franchise retail outlets werestarted and they used to sell "only Vimal" brand of textiles.In 1986 after a heart attack he handed over RelianceGroup to his sons Mukesh and Anil. After his death, thegroup was split into Reliance Industries, headed by MukeshAmbani and Reliance Anil Dhirubhai AmbaniGroup (Reliance ADAG), led by Anil Ambani.
Diversification In 1982 Ambani began the process of backward integration, settingup a plant to manufacture polyester filament yarn. He subsequently diversified into chemicals, petrochemicals,plastics, power. The final phase of Reliance’s diversification occurred in the 1990swhen the company turned aggressively towards petrochemicals andtelecommunications. He has been accused of having manipulated government policies tosuit his own needs, and has been known to be a king-maker ingovernment elections.
Awards and recognitions November 2000 – Conferred Man of the Century award by ChemtechFoundation and Chemical Engineering World in recognition of hisoutstanding contribution to the growth and development of the chemicalindustry in India 2000, 1998 and 1996 – Featured among Power 50 - the mostpowerful people in Asia by Asiaweek magazine August 2001 – Economic Times Awards for Corporate Excellence forLifetime Achievement A poll conducted by The Times of India in 2000 voted Him "GreatestCreator of Wealth In The Centuries".