Click to edit Master subtitle style

Dhiru Bhai Ambani

Dhirajlal Hirachand Ambani Born Died Cause of death Nationality Ethnicity Occupation Net worth Religion Spouse Children 28 December 1932 Chorwad, Gujarat, India 6 July 2002 (aged 69) Mumbai, Maharashtra, India Stroke Indian Gujarati Founder and former chairman of the Reliance Industries $8 billion Hinduism Kokilaben Ambani Mukesh Ambani Anil Ambani Nina Kothari Deepti Salgaonkar

Dhirubhai Hirachand Ambani also known as Dhirubhai

was an Indian business magnate and entrepreneur who founded Reliance Industries, a petrochemicals, communications, power, and textiles Ambani took his company public in 1984. q Dhirubhai has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia. q His life has often been referred to as a true "rags to riches" story.
q

Dhirubhai started off as a small time worker with Arab merchants in the 1950s
q

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.
q

Dhirubhai founded Reliance Industries in 1958 and today the company, with over 85,000 employees, provides almost 5% of the Central Government's total tax revenue.
q

Early life
q He was born into a Gujarati family. Hirachand Gordhandhas Ambani was a village school teacher with little income. q Hirachand and Jamnaben had two daughters and three sons Dhirubhai was the second son Dhirubhai q Dhirubhai was highly intelligent. He also do not like to learn lessons in the class school classroom. He chose work which used his physical ability to the maximum

Reliance Textiles
Sensing a good opportunity in the textile business, Dhirubhai and Aryan Mehra started the first textile mill at Naroda, in Ahmedabad in the year 1966.
q

Dhirubhai started the brand "Vimal"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.
q

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.
q

Dhirubhai Ambani is awarded with starting the equity cult in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977.
q

Diversification and Criticism

In 1982 Ambani began the process of backward integration, setting up a plant to manufacture polyester filament yarn.
q

He subsequently diversified into chemicals, petrochemicals, plastics, power. The company as a whole was described by the BBC as "a business empire with an estimated annual turnover of $12bn, and an 85,000-strong workforce".
q

The final phase of Reliances diversification occurred in the 1990s when the company turned aggressively towards petrochemicals and telecommunications.
q

He has been accused of having manipulated government policies to suit his own needs, and has been known to be a kingmaker in government elections.
q

Death
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. He died on July 6, 2002, at around 11:50 p.m. (Indian Standard Time).
q

His funeral procession was not only attended by business people, politicians and celebrities but also by thousands of ordinary people Dhirubhai Ambani started his long journey in Mumbai from the Mulji-Jetha Textile Market, where he started As a small-trader.
q

As a mark of respect to this great businessman, The Mumbai Textile Merchants' decided to keep the market closed on July 8, 2002.
q

Reliance after Dhirubhai

In November 2004, Mukesh Ambani in an interview admitted to having differences with his brother Anil Over 'ownership issues.
q

The Reliance empire was split between the Ambani brothers, Mukesh Ambani getting RIL and IPCL .

Anil Ambani heading Reliance Capital, Reliance Energy and Reliance Infocomm.
q q

Mukesh Ambani is referred to as the Reliance Industries Limited .

Anil's Group has been renamed Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group)
q