Dhirajlal Hirachand Ambani (28 December 1932, - 6 July 2002), (also known as Dhirubhai Gujarati: ધીરૂભાઈ અંબાણી) was an Indian rags-to-riches business tycoon who founded Reliance Industries in Mumbai with his cousin. Many people consider Ambani's phenomenal rise to be one of the most astounding rags-to-riches stories ever, more so because it was achieved by someone with barely a high-school education who fought his way to the top in a highly repressive business environment (the License Raj that stifled Indian business until the early 1990s). Ambani took his company (Reliance) public in 1977, and by 2007 the combined fortune of the family (sons Anil & Mukesh) was 100 billion dollars, making the Ambanis one of the richest families in the world. is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will display full 1932 calendar) of the Gregorian calendar. ... Junagadh is a city, in Junagadh District, in the Indian state of Gujarat. ... This article is for the Indian state. ... is the 187th day of the year (188th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... , Bombay redirects here. ... , Maharashtra (Marathi: महाराष्ट्र , IPA  , translation: Great Nation) is Indias third largest state in area and second largest in population after Uttar Pradesh. ... “Tycoon” redirects here. ... Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ... is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will display full 1932 calendar) of the Gregorian calendar. ... is the 187th day of the year (188th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Gujarati (ગુજરાતી GujÇŽrātÄ«; also known as Gujerati, Gujarathi, Guzratee, and Guujaratee[3]) is an Indo-Aryan language descending from Sanskrit, and part of the greater Indo-European language family. ... (NSE: RELIANCE) is Indias largest private sector company with a turnover of US $19. ... , Bombay redirects here. ...

Early life

Dhirubhai Ambani (Dhirajlal Hirachand Ambani) was born on 28 December 1932, at Chorwad, Junagadh (now the state of Gujarat, India) to Hirachand Gordhanbhai Ambani and Jamnaben^[1] in a Modh family of very moderate means.^[2] He was the second son of a school teacher. Dhirubhai Ambani is said to have started his entrepreneurial career by selling "pakora" to pilgrims in Mount Girnar over the weekends.^[3] When he was 16 years old, he moved to Aden, Yemen. He worked with A. Besse & Co. for a salary of Rs.300. Two years later, A. Besse & Co. became the distributors for Shell products, and Dhirubhai was promoted to manage the company’s filling station at the port of Aden. is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 1932 (MCMXXXII) was a leap year starting on Friday (the link will display full 1932 calendar) of the Gregorian calendar. ... Junagadh is a city, in Junagadh District, in the Indian state of Gujarat. ... This article is for the Indian state. ... -1... A plate of onion and potato pakoras Pakora is a type of Indian cuisine or Pakistani cuisine created by taking ingredients such as chicken, onion, eggplant, lentils, potato, spinach, cauliflower, tomato, and chilli, dipping them in a batter of gram flour and then deep-frying them. ... Girnar (also known as Girnar Hill) is a collection of mountains in the Junagadh District of Gujarat, India. ... Port of Aden (around 1910). ... A Shell petrol station sign in the UK The Royal Dutch/Shell Group of Companies (called Shell Oil in North America), has its headquarters split between the Shell Centre in London, United Kingdom and The Hague, Netherlands. ... Port of Aden (around 1910). ...

He was married to Kokilaben and had two sons, Mukesh Ambani and Anil Ambani and two daughters, Nina Kothari and Deepti Salgaocar. Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ...

Reliance Commercial Corporation

In 1962, Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of Rs.15,000.00. The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices. Reliance could refer to: Reliance Industries Limited, Indian conglomerate which includes: Reliance Infocomm, telecommunications subsidiary Reliance Energy, electricity subsidiary Reliance (yacht), Americas Cup defender in 1903 a popular name for the ZPG-3W airships of the US Navy. ...

The business was setup 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 Narsinathan 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. In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership and Dhirubhai started on his own. It is believed that both had different temperaments and a different take on how to conduct business. While Mr. Damani was a cautious trader and did not believe in building yarn inventories, Dhirubhai was a known risk taker and he considered that building inventories, anticipating a price rise, and making profits through that was good for growth. ^[4] Port of Aden (around 1910). ... Masjid (sometimes called Masjid Bunder) is a railway station on the Central line of the Mumbai Suburban Railway. ... For temperament in dog fancy, see conformation point. ...

During this period, Dhirubhai and his family used to stay in one bedroom apartment at the Jaihind Estate in Bhuleshwar, Mumbai^[5]. In 1968, he moved to an upmarket apartment at Altamount Road in South Mumbai. Ambani's net worth was estimated at about Rs.1 million by late 1960s. , Bombay redirects here. ... South Mumbai South Mumbai (also referred to as South Bombay) is a geographic region in the city of Mumbai, India. ...

Reliance Textiles

Sensing a good opportunity in the textile business, Dhirubhai started his first textile mill at Naroda, in Ahmedabad in the year 1966. Textiles were manufactured using polyester fibre yarn.^[6] Dhirubhai started the brand "Vimal", which was named after his elder brother Ramaniklal Ambani's son, Vimal Ambani. 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. In the year 1975, a Technical team from the World Bank visited the Reliance Textiles' Manufacturing unit. This unit has the rare distinction of being certified as "excellent even by developed country standards" during that period. ^[7] Naroda is a suburban town of Ahmedabad. ... , Ahmedabad (Gujarati: , Hindi: अहमदाबाद ) is the largest city in the state of Gujarat and the seventh-largest urban agglomeration in India, with a population of almost 51 lakhs (5. ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... The World Bank logo The World Bank (the Bank) is a part of the World Bank Group (WBG), is a bank that makes loans to developing countries for development programs with the stated goal of reducing poverty. ...

Initial public offering

Logo of Reliance Industries Limited

Dhirubhai Ambani is credited with starting the equity cult in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977. Dhirubhai was able to convince people of rural Gujarat that being shareholders of his company will only bring returns to their investment. Image File history File links Ril_logo. ... Image File history File links Ril_logo. ... Reliance Industries Limited is Indias largest private sector company with a turnover of 744 billion rupees (US$16. ... IPO redirects here. ... This article is for the Indian state. ...

Reliance Industries holds the distinction that it is the only Private Sector Company whose several Annual General Meetings were held in stadiums. In 1986, The Annual General Meeting of Reliance Industries was held in Cross Maidan, Mumbai and was attended by more than 35,000 shareholders and the Reliance family. (NSE: RELIANCE) is Indias largest private sector company with a turnover of US $19. ... This article is about the building type. ... Cross Maidan is a vast expanse of land in South Bombay. ...

Dhirubhai managed to convince a large number of first-time retail investors to participate in the unfolding Reliance story and put their hard-earned money in the Reliance Textile IPO, promising them, in exchange for their trust, substantial returns on their investments.

Ambani's net worth was estimated at about Rs.1 billion by early 1980s.

Dhirubhai's control over stock exchanges

In 1982, Reliance Industries came up against a rights issue regarding partly convertible debentures.^[8] It was rumored that company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, a bear cartel which was a group of stock brokers from Calcutta started to short sell the shares of Reliance. To counter this, a group of stock brokers till recently referred to as "Friends of Reliance" started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange. (NSE: RELIANCE) is Indias largest private sector company with a turnover of US $19. ... This article is on Calcutta/Kolkata, the city. ... In finance, short selling is selling something that one does not (yet) own. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ...

The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the "Badla" trading system prevalent in Bombay Stock Exchange during those days. The bulls kept on buying and a price of Rs. 152 per share was maintained till the day of settlement. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, the much needed cash was provided to the stock brokers who had bought shares of Reliance, by none other than Dhirubhai Ambani. In the case of non-settlement, the Bulls demanded an "Unbadla" (a penalty sum) of Rs. 35 per share. With this, the demand increased and the shares of Reliance shot above 180 rupees in minutes. The settlement caused an enormous uproar in the market and Dhirubhai Ambani was the unquestioned king of the stock markets. He proved to his detractors just how dangerous it was to play with Reliance. In investing, financial markets are commonly believed to have market trends[1] that can be classified as primary trends, secondary trends (short-term), and secular trends (long-term). ... Badla was an indigenous carry-forward system invented on the Bombay Stock Exchange as a solution to the perpetual lack of liquidity in the secondary market. ... The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ... “INR” redirects here. ...

The situation was getting completely out of control. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Authorities from the Bombay Stock Exchange intervened in the matter and brought down the "Unbadla" rate to Rs. 2 with a stipulation that the Bear Cartel had to deliver the shares within the next few days. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure. ^[9] The Bombay Stock Exchange The Bombay Stock Exchange Limited (Marathi:मुंबई शेयर बाजार) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. ...

After this incident, many questions were raised by his detractors and the press. Not many people were able to understand as to how a yarn trader till a few years ago was able to get in such a huge amount of cash flow during a crisis period. The answer to this was provided by the then finance minister, Pranab Mukherjee in the parliament. He informed the house that a Non-Resident Indian had invested up to Rs. 220 Million in Reliance during 1982-83. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in Isle of Man. The interesting factor was that all the promoters or owners of these companies had a common surname Shah. An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters.^[10] Pranab Mukherjee Pranab Mukherjee (born December 11, 1935, West Bengal, India) is the Defence minister of India in the Manmohan Singh government. ... “INR” redirects here. ... Shah or Shahzad is a Persian term for a monarch (ruler) that has been adopted in many other languages. ... The RBI headquarters in Mumbai The RBI Regional Office in Mumbai The RBI heaquarters in Delhi. ...

Diversification

Over time, Dhirubhai diversified his business with the core specialisation being in petrochemicals and additional interests in telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics. The company as a whole was described by the BBC^[11] as "a business empire with an estimated annual turnover of $12bn, and an 85,000-strong workforce". A petrochemical is any chemical derived from fossil fuel. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Information and communication technology spending in 2005 Information technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ... For delivered electrical power, see Electrical power industry. ... Drawing of a self-service store. ... For other uses, see Textile (disambiguation). ... The capital market is the market for securities, where companies and the government can raise long-term funds. ... Look up Logistics in Wiktionary, the free dictionary. ... For other uses, see BBC (disambiguation). ...

Criticism

Paperback Cover page of The Polyester Prince. The rise of Dhirubhai Ambani. Author: Hamish McDonald, Publisher: Allen & Unwin Pty., Limited (Australia), ISBN 1-86448-468-3

Despite his almost Midas Touch, Ambani has been known to have flexible values and an unethical streak running through him. His biographer himself has cited some instances of his unethical behavior when he was just an ordinary employee at a petrol pump in Dubai. He has been accused of having manipulated government policies to suit his own needs, and has been known to be a king-maker in government elections ^[12]. Although most media sources tend to speak out about business-politics nexus, the Ambani house has always enjoyed more protection and shelter from the media storms that sweep across the country. Image File history File links Ployesterprince_coverpage. ... Image File history File links Ployesterprince_coverpage. ...

Tussle with Nusli Wadia

Nusli Wadia of Bombay Dyeing was, at one point in time, the biggest competitor of Dhirubhai and Reliance Industries. Both Nusli Wadia and Dhirubhai were known for their influence in the political circles and their ability to get the most difficult licenses approved during the times of pre-liberalized economy. Nusli Wadia is a Parsi Zoroastrian entrepreneur, and an important figure in the Indian textile industry and real-estate business. ... Bombay Dyeing (full name: The Bombay Dyeing & Mfg. ...

During the Janata Party rule between 1977 - 1979, Nusli Wadia obtained the permission to build a 60,000 tonnes per annum Di-methyl terephthalate (DMT) plant. Before the letter of intent was converted into a licence, many hurdles came in the way. Finally, in 1981, Nusli Wadia was granted the license for the plant. This incident acted as a catalyst between the two parties and the competition took an ugly turn. The Janata Party (Peoples Party in Hindi) was an Indian political party that contested the Indian Emergency (1975-77) and became the first political party to defeat the Indian National Congress in the 1977 elections, forming the national government from 1977 to 1980. ... Also: 1977 (album) by Ash. ... Also: 1979 by Smashing Pumpkins. ...

The Indian Express Articles

At one point in time, Ramnath Goenka was a friend of Dhirubhai Ambani. Ramnath Goenka was also considered to be close to Nusli Wadia. On many occasions, Ramnath Goenka tried to intervene between the two warring factions and bring an end to the enmity. Goenka and Ambani became rivals mainly because Ambani's corrupt business practices and his illegal actions that lead to Goenka not getting a fair share in the company. Later on, Ramnath Goenka chose to support Nusli Wadia. At one point of time, Ramnath Goenka is believed to have said "Nusli is an Englishman. He cannot handle Ambani. I am a bania. I know how to finish him".... Ramnath Goenka ( रामनाथ गोयंका )(April 3, 1904 – October 5, 1991) was a freedom fighter and newspaper baron of India. ...

Ramnath Goenka, the patriarch of The Indian Express Group. This file photograph of Mr. Goenka was taken in his penthouse at the Express Towers, Nariman Point, Bombay

As days passed by, The Indian Express, a broadsheet daily published by him, carried a series of articles against Reliance Industries and Dhirubhai in which they claimed that Dhirubhai was using unfair trade practices to maximise the profits. Ramnath Goenka did not use his staff at the Indian Express to investigate the case but assigned his close confidante, advisor and chartered accountant S. Gurumurthy for this task. Apart from S. Gurumurthy, another journalist Maneck Davar who was not on the rolls of Indian Express started contributing stories. Jamnadas Moorjani, a businessman opposed to the Ambanis was also a part of this campaign. This is an album cover. ... This is an album cover. ... Ramnath Goenka ( रामनाथ गोयंका )(April 3, 1904 – October 5, 1991) was a freedom fighter and newspaper baron of India. ... Nariman Point Mumbais tallest buildings are located at Nariman Point Nariman Point is Mumbais premier business district. ... This article or section should be merged with Mumbai Mumbai (previously known as Bombay) is the worlds most populous conurbation, and is the sixth most populous agglomeration in the world. ... Newspaper sizes in August 2005. ... (NSE: RELIANCE) is Indias largest private sector company with a turnover of US $19. ... S. Gurumurthy is the convenor of the [Swadeshi Jagaran Manch], which has affiliation to Rashtriya Swayamsevak Sangh. ...

Both Ambani and Goenka were equally criticized and admired by sections of the society. People criticized Goenka that he was using a national newspaper for the cause of a personal enmity. Critics believed that there were many other businessman in the country who were using more unfair and unethical practices but Goenka chose to target only Ambani and not the others. Critics also admired Goenka for his ability to run these articles without any help from his regular staff. Dhirubhai Ambani was also getting more recognition and admiration, in the meantime. A section of the public started to appreciate Dhirubhai's business sense and his ability to tame the system according to his wishes.

The end to this tussle came only after Dhirubhai Ambani suffered a stroke. While Dhirubhai Ambani was recovering in San Diego, his sons Mukesh Ambani and Anil Ambani managed the affairs. The Indian Express had turned the guns against Reliance and was directly blaming the government for not doing enough to penalize Reliance Industries. The battle between Wadia - Goenka and the Ambanis took a new direction and became a national crisis. Gurumurthy and another journalist, Mulgaokar consorted with President Giani Zail Singh and ghost-wrote a hostile letter to the Prime Minister on his behalf. The Indian Express published a draft of the President’s letter as a scoop, not realizing that Zail Singh had made changes to the letter before sending it to Rajiv Gandhi. Ambani had won the battle at this point. Now, while the tussle was directly between the Prime Minister Rajiv Gandhi and Ramnath Goenka, Ambani made a quiet exit. The government then raided the Express guest house in Delhi’s Sunder Nagar and found the original draft with corrections in Mulgaokar’s handwriting. By 1988-89, Rajiv’s government retaliated with a series of prosecutions against the Indian Express. Even then, Goenka retained his iconic stature because, to many people, he seemed to be replaying his heroic defiance during the Emergency regime. Flag Seal Nickname: Americas Finest City Location Location of San Diego within San Diego County Coordinates , Government County San Diego Mayor City Attorney         City Council District One District Two District Three District Four District Five District Six District Seven District Eight Jerry Sanders (R) Michael Aguirre Scott Peters Kevin... Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ... This article needs cleanup. ... Rajiv Ratna Gandhi राजीव गाधीं (IPA: ), born in Mumbai, (August 20, 1944 – May 21, 1991), the eldest son of Indira and Feroze Gandhi, was the 7th Prime Minister of India (and the 2nd from the Gandhi family) from his mothers death on 31 October 1984 until his resignation on December 2... Rajiv Ratna Gandhi राजीव गाधीं (IPA: ), born in Mumbai, (August 20, 1944 – May 21, 1991), the eldest son of Indira and Feroze Gandhi, was the 7th Prime Minister of India (and the 2nd from the Gandhi family) from his mothers death on 31 October 1984 until his resignation on December 2... Ramnath Goenka ( रामनाथ गोयंका )(April 3, 1904 – October 5, 1991) was a freedom fighter and newspaper baron of India. ...

Dhirubhai and V.P.Singh

It was widely known that Dhirubhai didn't enjoy a cordial relation with Vishwanath Pratap Singh, who succeeded Rajiv Gandhi as the Prime Minister of India. In May 1985, he suddenly removed the import of Purified Terephthalic Acid from the Open General License category. As a raw material this was very important to manufacture polyester filament yarn. This made it very difficult for Reliance to carry on operations. Reliance was able to secure, from various financial institutions, letters of credit that would allow it to import almost one full year’s requirement of PTA on the eve of the issuance of the government notification, changing the category under which PTA could be imported. In 1990, the government-owned financial institutions like the Life Insurance Corporation of India and the General Insurance Corporation stonewalled attempts by the Reliance group to acquire managerial control over Larsen & Toubro. Sensing defeat, the Ambanis resigned from the board of the company. Dhirubhai, who had become L&T's chairman in April 1989, had to quit his post to make way for D. N. Ghosh, former chairman of the State Bank of India. Vishwanath Pratap Singh (विश्वनाथ प्रताप सिंघ, born 25 June 1931) was the tenth Prime Minister of the Republic of India. ... This article is about the year. ... Terephthalic acid is one isomer of the three phthalic acids. ... This article is about the year. ... The Life Insurance Corporation of India (LICI) is the largest life insurance company in India; it is fully owned by the Government of India. ... Larsen & Toubro Limited is Indias largest engineering and construction conglomerate, with diverse interests such as construction, hydraulic equipment, electrical and electronic power services, fertilizer projects, medical electronics and information technology. ... This article or section needs additional references or sources to improve its verifiability. ... Year 1989 (MCMLXXXIX) was a common year starting on Sunday (link displays 1989 Gregorian calendar). ... State Bank of India (SBI) (LSE:SBID) is a Public Sector Banking Organisation (PSB), in which the Government of India is the biggest shareholder, and is the largest bank in India. ...

Death

Final Journey: Dhirubhai Ambani's funeral saw thousands of people attending. Mukesh Ambani and Anil Ambani can be seen carrying their father's body as per Hindu traditions

Dhirubhai Ambani was admitted to the Breach Candy Hospital in Mumbai on June 24, 2002 after he suffered a major stroke. This was his second stroke, the first one had occurred in February 1986 and had kept his right hand paralyzed. He was in a state of coma for more than a week. A battery of doctors were unable to save his life. He breathed his last on July 6, 2002, at around 11:50 P.M. (Indian Standard Time). Image File history File links Dhirubhai-Final_Journey. ... Image File history File links Dhirubhai-Final_Journey. ... Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ... This article discusses the adherents of Hinduism. ... , Bombay redirects here. ... is the 175th day of the year (176th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 187th day of the year (188th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ...

His funeral procession was not only attended by business people, politicians and celebrities but also by thousands of ordinary people. His elder son, Mukesh Ambani, performed the last rites as per Hindu traditions. He was cremated at the Chandanwadi Crematorium in Mumbai at around 4:30 PM (Indian Standard Time) on July 7, 2002. Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... This article discusses the adherents of Hinduism. ... is the 188th day of the year (189th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ...

He is survived by Kokilaben Ambani, his wife, two sons, Mukesh Ambani and Anil Ambani, and two daughters, Nina Kothari and Deepti Salgaonkar. Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ...

Dhirubhai Ambani started his long journey in Bombay from the Mulji-Jetha Textile Market, where he started as a small-trader. As a mark of respect to this great businessman, The Mumbai Textile Merchants' decided to keep the market closed on July 8, 2002. At the time of Dhirubhai's death, Reliance Group had a gross turnover of Rs. 75,000 Crore or USD $ 15 Billion. In 1976-77, the Reliance group had an annual turnover of Rs 70 crore and Dhirubhai had started the business with Rs.15,000(US$350) This article or section should be merged with Mumbai Mumbai (previously known as Bombay) is the worlds most populous conurbation, and is the sixth most populous agglomeration in the world. ... is the 189th day of the year (190th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... “INR” redirects here. ... “INR” redirects here. ...

The country has lost iconic proof of what an ordinary Indian fired by the spirit of enterprise and driven by determination can achieve in his own lifetime. ^[13].

– Atal Bihari Vajpayee, Former Prime Minister of India Atal Bihari Vajpayee (Hindi: , IPA: ) (born December 25, 1924) was the Prime Minister of India, briefly in 1996, and again from March 19, 1998 until May 19, 2004. ... The Prime Minister of India is, in practice, the most powerful person in the Government of India. ...

The nation had lost one of the doyens of the modern Indian corporate community, a philanthropist and above all a great human being endowed with great compassion and concern for the underprivileged sections of the society...

This new star, which rose on the horizon of the Indian industry three decades ago, remained on the top till the end by virtue of his ability to dream big and translate it into reality through the strength of his tenacity and perseverance

His legacy will remain shrouded in the fact that his practices have brought bribery and corruption to indian business for years to come. I join the people of Maharashtra in paying my tribute to the memory of Ambani and convey my heartfelt condolences to the bereaved family. ^[14].

– P C Alexander, Governor of Maharastra

Reliance after Dhirubhai

In November 2004, Mukesh Ambani in an interview, admitted to having differences with his brother Anil over 'ownership issues.' He also said that the differences "are in the private domain." He was of the opinion that this will not have any bearing on the functioning of the company saying Reliance is one of the strongest professionally-managed companies. Considering the importance of Reliance Industries to the Indian Economy, this issue got an extensive coverage in the media. ^[15] For other uses, see November (disambiguation). ...

Kundapur Vaman Kamath, the Managing Director of ICICI Bank^[16] was seen in media, a close friend of the Ambani family who helped to settle the issue. The brothers had entrusted their mother, Kokilaben Ambani, to resolve the issue. On June 18, 2005, Kokilaben Ambani announced the settlement through a press release. K. V. Kamath (born December 2, 1947) is the Managing Director and CEO of ICICI Bank, the largest private bank in India. ... ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is Indias largest private sector bank in market capitalization and second largest overall in terms of assets. ... is the 169th day of the year (170th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...

With the blessings of Srinathji, I have today amicably resolved the issues between my two sons, Mukesh and Anil, keeping in mind the proud legacy of my husband, Dhirubhai Ambani.

I am confident that both Mukesh and Anil, will resolutely uphold the values of their father and work towards protecting and enhancing value for over three million shareholders of the Reliance Group, which has been the foundational principle on which my husband built India's largest private sector enterprise.

Mukesh will have the responsibility for Reliance Industries and IPCL while Anil will have responsibility for Reliance Infocomm, Reliance Energy and Reliance Capital.

My husband's foresight and vision and the values he stood for combined with my blessings will guide them to scale new heights. ^[17].

– Kokilaben Ambani

The Reliance empire was split between the Ambani brothers, Mukesh Ambani getting RIL and IPCL & his younger sibling Anil Ambani heading Reliance Capital, Reliance Energy and Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance Industries Limited whereas Anil's Group has been renamed Anil Dhirubhai Ambani Group (ADAG) Mukesh Ambani (born April 19, 1957 in Mumbai ) is an Indian businessman. ... Anil Ambani (born June 4, 1959) is an Indian businessman. ...

Film

A film alleged to be inspired by the life of Dhirubhai Ambani was released on 12th January 2007. The Hindi Film Guru, with direction by Mani Ratnam, cinematography by Rajiv Menon and music by A.R.Rahman shows the struggle of a man striving to make his mark in the Indian business world with a fictional Shakti Group of Industries. The film stars Abhishek Bacchan, Mithun Chakraborty, Aishwarya Rai, Madhavan and Vidya Balan. In the film, Abhishek Bachchan plays Guru Kant Desai,a character implicitly based on Dhirubhai Ambani. Mithun Chakraborty portrays Manikda who bears an uncanny resemblance to the real life Ramanath Goenka and Madhvan portrays S. Gurumurthy, who twenty years ago, gained national fame, spearheading virulent attacks against the Reliance group in one of India's bloodiest corporate wars ever. The film also portrays the strength of Dhirubhai Ambani with the help of the character of Guru Kant Desai. "GURUBHAI" the name given to Abhishek Bachchan is also similar to the original name "DHIRUBHAI." For other uses of the word Guru, see Guru (disambiguation). ... Mani Ratnam (Tamil: ) (born June 2, 1956) is a critically acclaimed Tamil Indian film director, writer and producer. ... Rajiv Menon (born in India) is a cinematographer and film director. ... A. R. Rahman Allah Rakha Rahman, born January 6, 1967 as A.S. Dileep Kumar in Chennai, India, is a popular Indian film music composer. ... Abhishek Bachchan (Hindi: , born 5 February 1976 [2][3] in Mumbai, Maharashtra, India) is a award-winning Indian actor. ... Mithun Chakraborty (Bangla: মিঠুন চক্রবর্তী) (born Gouranga Chakraborty June 16, 1950) is a National Film Award-winning Indian film actor as well as social activist. ... Aishwarya Rai (Kannada: ಐಶ್ವರ್ಯಾ ರೈ, IPA: ; born November 1, 1973) is an Indian actress. ... R. Madhavan( Tamil:ஆர்.மாதவன்) [1] (born June 1, 1970 as Madhavan Ranganathan, Mother Tongue - Tamil) is a Filmfare Award-winning Indian actor. ... Vidya Balan (Malayalam: വിദ്യ ബാലന്‍, Hindi: विद्या बालन, born January 1, 1982) is an award-winning Indian actress who appears in Bollywood movies. ... Ramnath Goenka ( रामनाथ गोयंका )(April 3, 1904 – October 5, 1991) was a freedom fighter and newspaper baron of India. ... S. Gurumurthy is the convenor of the [Swadeshi Jagaran Manch], which has affiliation to Rashtriya Swayamsevak Sangh. ...

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.
• June 1998 - Dean's Medal by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani has the rare distinction of being the first Indian to get Wharton School Dean's Medal ^[18]
• August 2001 – The Economic Times Award for Corporate Excellence for Lifetime Achievement
• Dhirubhai Ambani was named the Man of 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI).
• A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth In The Centuries". He is the true son of India'

Year 2000 (MM) was a leap year starting on Saturday. ... Year 2000 (MM) was a leap year starting on Saturday. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... For other uses, see Asia (disambiguation). ... Asiaweek, the English edition, was a news magazine focusing on Asia, published weekly by Asiaweek Limited, a subsidiary of Time Inc. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... The Wharton School Wharton School is the business school of University of Pennsylvania in Philadelphia, Pennsylvania. ... This article is about the year. ... The Economic Times is a publication of the Times Group, owners of the Times of India. ... Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organisations in India. ... The Common Man featured on a commemorative stamp released by the Indian Postal Service on the 150th Anniversary of the Times of India - 1988. ... Year 2000 (MM) was a leap year starting on Saturday. ...

Famous quotes

From beginning Dhirubhai was seen in high-regard. His success in the petro-chemical business and his story of rags to riches made him a cult figure in the minds of Indian people. As a quality of business leader he was also a motivator. He gave few public speeches but the words he spoke are still remembered for their value.

• "" With the force of 3million investors RIL will reap the title "World's Biggest Company"

*"I am deaf to the word "no"."

• "Growth has no limit at Reliance. I keep revising my vision. Only when you dream it you can do it."
• "Think big, think fast, think ahead. Ideas are no one's monopoly"
• "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."
• "You do not require an invitation to make profits."
• "If you work with determination and with perfection, success will follow."
• "Pursue your goals even in the face of difficulties, and convert adversities into opportunities."
• "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."
• "Between my past, the present and the future, there is one common factor: Relationship and Trust. This is the foundation of our growth"
• "We bet on people."
• "Meeting the deadlines is not good enough, beating the deadlines is my expectation."
• "Don't give up, courage is my conviction."
• "We cannot change our Rulers, but we can change the way they Rule Us."
• "Dhirubhai will go one day. But Reliance's employees and shareholders will keep it afloat. Reliance is now a concept in which the Ambanis have become irrelevant."

Unauthorized biography

Hamish McDonald, who was the Delhi bureau chief for the Far Eastern Economic Review for several years, published an unauthorised biography of Ambani in 1998 in which both his achievements and shortcomings were reported, but the Ambanis threatened legal action if the book was published in India.^[19]

Reference and notes

External links

• Dhirubhai Ambani
• Dhirubhai Ambani Institute of Information and Communication Technology
• "The Polyester Prince: Hamish McDonald
• "Remembering the Prince of Polyester," Time Magazine, 15 July 2002
• Dhirubhai Ambani in Memoriam, Rediff.com
• Dhirubhai Ambani addressing at the ChemTech Foundation - PharmaBiz.com - Thursday, January 23, 2003
• Dhirubhai gave management a whole new 'ism' A.G. Krishnamurthy on Rediff.com
• Great lessons from Dhrirubhai Ambani A.G. Krishnamurthy on Rediff.com
• Mukesh Ambani Son of Late Sh. Dhirubhai Ambani.
• How did Dhirubhai Ambani learn to think BIG ?.