Dhirubhai Ambani biography

Dhirubhai Ambani biography
From the book
Achievements: Dhirubhai Ambani built India's largest private sector company. Created an equity 
cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list 
Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent 
of the rags to riches story. He is remembered as the one who rewrote Indian corporate history 
and built a truly global corporate group. 
Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at 
Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started 
his entrepreneurial career by selling "bhajias" to  pilgrims in Mount Girnar over the weekends. 
After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there 
as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 
50,000 and set up a textile trading company. 
Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest private sector 
company, Reliance India Limited, from a scratch. Over time his business has diversified into a 
core specialisation in petrochemicals with additional interests in telecommunications, information 
technology, energy, power, retail, textiles, infrastructure services, capital markets, and logistics. 
Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retail 
investors in a market till then dominated by financial institutions. Dhirubhai revolutionised capital 
markets. From nothing, he generated billions of rupees in wealth for those who put their trust in 
his companies. His efforts helped create an 'equitycult' in the Indian capital market. With 
innovative instruments like the convertible debenture, Reliance quickly became a favorite of the 
stock market in the 1980s. 
In 1992, Reliance became the first Indian company to raise money in global markets, its high 
credit-taking in international markets limited onlyby India's sovereign rating. Reliance also 
became the first Indian company to feature in Forbes 500 list. 
Dhirubhai Ambani was named the Indian Entrepreneur  of the 20th Century by the Federation of 
Indian Chambers of Commerce and Industry (FICCI). Apoll conducted by The Times of India in 
2000 voted him "greatest creator of wealth in the century". 

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