ppt on Dhirubhai Ambani

2.  Birth
Dhirajlal Hirachand Ambani, popularly known
as Dhirubhai Ambani was born on 28 December
1932. Dhirubhai Ambani was one of the sons of
Hirachand Gordhanbhai Ambani, a village
school teacher belonging to the Modh Baniya
community and Jamnaben Ambani and was
born in Chorwad, Junagad District, Gujarat.

3. He was an Indian business tycoon who
founded Reliance Industries. Ambani took
Reliance public in 1977 and was worth US $2.9
billion in 2002 upon his death.[1] In 2016, he was
honoured posthumously with the Padma
Vibhushan, India's second-highest civilian honour
for his contributions to trade and industry.

4. Early Career
 He did his studies from Bahadur Khanji school. In
his youth, he joined the protests against
the Nawab of Junagarh and organized many
actions against the Nawab's plans to join
Pakistan after independence. In 1948, he left for
the Port of Aden, Yemen to work for A. Besse and
Co. along with his brother Ramnikbhai. He later
came to sell shell and Burmah oil products for the
company. There is a famous story about how he
once made a lot of money by melting the silver
bullion and selling it as pure silver because he
knew that the value of pure silver was much
higher than the bullion. He left Aden in 1958 to try
his hand at his own business in India in the
textiles market.

5. Founding of Reliance Industries
 Ambani returned to India and started "Majin" in partnership
with Champaklal Damani, his second cousin,who lived with
him in Yemen. Majin was to import polyester yarn and
export spices to Yemen. The first office of the Reliance
Commercial Corporation was set up at the Narsinatha
Street in Masjid Bunder. It was a 350 sq ft room with a
telephone, one table and three chairs. Initially, they had
two assistants to help them with their business. At the tiny
office, he began to make a team that would stay with
Reliance for years. During this period, Ambani and his
family stayed in a two-bedroom apartment . In 1965,
Champaklal Damani and Dhirubhai Ambani ended their
partnership and Ambani started on his own. Both had
different temperaments and different take on how to
conduct business. Ambani was a known risk-taker and
believed in building inventories to increase profit. In 1966
he formed Reliance Commercial Corporation which later
became Reliance Industries on 8 May 1973.

6.  Motivator and person of His Words. His friends
described him as someone who was affable yet
ambitious, cheerful yet had a 'dark side'
because of his extreme ambition and risk taking.

7.  9 Management Lessons
 No 1: Roll up your sleeves and help.
 sense of ‘do it yourself’
 He does not wait for infrastructure to be created to support his operations. He goes out and
builds it himself; be it a power plant for his petrochemical enterprise or a canal to bring water
from large distances for his cooling plant.
 Small men like me don’t inspire big words!
 Dhirubhaism No 2: Be a safety net for your team ( He Gently asked his employees if they needed any help
in combating the problems they faced knowlege that he knew and cared for his team that he was there for
them if they needed Him.) “ He gave courage which we never knew we had”
 Dhirubhaism No 3: The silent benefactor. (When he helped someone, he never ever breathed a word about
it to anyone else.)
 Dhirubhaism No 4: Dream big, but dream with your eyes open. (Whenever a task seemed too big to be
accomplished, he would reply: ; No is no answer!; Not only did he dream big, he taught all of us to do so
too.)
 His favorite phrase “dream with your eyes open It’s difficult but not impossible!”
 Dhirubhaism No 5: Leave the professional alone! management techniques of him is different
 The simplest strategies are often the hardest to adopt.
 “let professionals do the work”

8.  Dhirubhaism: No 6: Change your orbit, constantly!(Dhirubhai’s “orbit theory”)
 This is no miracle.
 When you change orbits, you will create friction. The good news is that your enemies
from your previous orbit will never be able to reach you in your new one. By the time
resentment builds up in your new orbit, you should move to the next level. And so on.)
Changing orbits is the key to our progress as a nation.
 7. The arm-around-the-shoulder leader(It was Dhirubhai’s very own signature style
 Arm around the shoulder -With that one simple gesture, he managed to achieve many
things.
 This tendency that he had, to draw people towards him, manifested itself in countless
ways.
 8. The Dhirubhai theory of Supply creating Demand :He was not an MBA. Nor an
economist. But yet he took traditional market theory and stood it on its head. And
succeeded.
 9. Money is not a product by itself, it is a by-product, so don't chase it (He did not
breathe a word about profits, nor about becoming the richest
 A by-product is something that you don’t set out to produce. It is the spin off when you
create something larger.)

9. BY:KHUSHI MISHRA
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