The King of India who started the Tradition of Being Rich, who Gave the Hope to every Middle Or Lower Class Person that He can Create Anything if He is Determined for That. He is an Inspiration for Millions Of Aspiring Entrepreneurs. In this article, we are Going to discuss about Dhirubhai Ambani Success Story and Life Lessons, which itself is a Perfect Example of Rags to Riches Story.
He is the Reason Why The Ambani’s are today Considered as A Symbol of Richness and Class. But As we all Know Every Giant And Humongous Tree Started from a Seed. Dhirajlal Hirachand Ambani Or better Known by the Name Given By His Lovers “Dhirubhai” Ambani started the Same Way.
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Early Life | Dhirubhai Ambani Success Story
Dhirubhai Ambani was Born on 28 Dec 1932 at Junagadh (Now in Gujarat, India) to Hirachand Gordhanbhai Ambani and Jamnaben in a Very Middle Class and Moderate Family. He was The Second Son in the Family of a School Teacher and was well Aware of His Family’s Financial Conditions. He started Off his Journey By Selling Bhaji’s in Fairs at an Early Stage.
Dhirubhai Ambani Studied till 10th Standard and then dropped his School to Work with his brother Ramniklal in Aden, Yaman. In Yemen, When he was 16, he got a Job of a Clerk with a Monthly Wage of ₹300, at A. Besse and Co., the Biggest Trading firm of that Country. He Worked There and Learnt the mastery of trading. Everything Starting from Import and Export to Sales and Distribution. This Formed as A Base for Where Reliance is here Today.
Starting of Reliance | Life Story
After Gaining the Skills and seeing the Scope of Upcoming growth of the industry, he quitted his job and returned back to India in 1958. During This Period only he Married Kokilaben and had two sons, Mukesh Ambani and Anil Ambani and two daughters, Nina Kothari and Deepti Salgaocar. In the 1960s, Dhirubhai Ambani Along with his Cousin Champaklal Damani started his own Polyester importing and spices exportation business Under the Name of Reliance Commercial Corporation with a mere investment of Rs. 15,000.
An Office was Set Up in Masjid Bundar consisting of just a 350 sq ft room. In 1965, due to differences in thinking and Way of Working, the Partnership between the Two Ended. From there Onwards Dhirubhai Ambani Success Story Carried itself. He was Above 30 when he started his Second Brand proving that Age is not a Factor. Some People think that their Age has gone for Startups, but its a complete Myth.
He Sensed a Great Future in Textiles and Hence Created ‘Vimal’ in Ahemdabad. Reliance Commercial Corporations was Renamed to Reliance Textiles Industries Pvt. Ltd. and Was incorporated in Maharashtra. This Way the Biggest Organization took Birth. Reliance Later Expanded Into Various Sectors Including petrochemicals, Telecommunications, Retail, Energy, Power and Many More.
Growth of Reliance Industries
Dhirubhai Ambani is Said to have Shaped the Indian Stock Market with Reliance. He Initially Gave an Opportunity to all the Indians to Become a partner with Reliance by Making it Public through its IPO with Each Share Priced at Rs 10. At that Time the Annual Turnover Was already Over 70 Cr. His People Skills or the Way of Talking Us Enough to attract 58,000 Common to invest into an Unknown Company at that time. Dhirubhai Ambani Created another Record when he Organized an Annual Shareholder Meeting with Over 35,000 People in a Stadium.
By the Year 1992, Reliance was Dominating the Market Producing over 145,000 tonnes per annum of Polyester Yarn. For Dhirubhai Ambani Reliance was not Just a Company rather More than a Family. He was not just an Ordinary Entrepreneur. After Facing a lot of problems, he ensured his Shareholders always are happy. This was the Reason Reliance Even today is the Favourite Company in the Stock Market.
Health Issues | Dhirubhai Ambani Success Story
Dhirubhai Ambani Faced his First Heart Stroke in February 1986, Leaving Many Parts of his Right SIde of Body Paralyzed. After This Incident, Dhirubhai Ambani Decided to Hand over the Control of Reliance to Mukesh Ambani and Anil Ambani. Later on 6 July 2002, Due to Another Major Heart Stroke, Dhirubhai Ambani Left the World Leaving a Kingdom Behind.
Later Disputes Arose Over the Ownership of Reliance between the Ambani brothers. It Was Decided to Split Reliance Industries into two Parts. Reliance Industries Limited was Given to Mukesh Ambani whereas Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group) was in the Hands of Anil Ambani.
The Success Story of Dhirubhai Ambani as Said Above is really an Inspiration for all of the newcomers in the industry who are facing Challenges. We can See Various Lessons That we can Learn from his Story.
Lessons from Life Story of Dhirubhai Ambani
People have Various Myths About Being Rich and Successful. Above all, They Often Overthink the Factors and End up Destroying Themselves. Dhirubhai Ambani Proved Various Myths Wrong as he was Growing. Some of them include:-
- My Age for Starting my Own Business is Gone
Dhirubhai Ambani started his Reliance Industries when he was Married, has Children and Was Above 30. Hence Age is Never the Limit for your Energy and Passion.
- Poor People Always Die Poor
It is Often Said that if you are poor you can’t do anything. However, Dhirubhai Ambani Started from a Poor Background, where he even sold Pakoras and he Ended Up Being One of the Richest Man in the World. Hence Proving the Statement Wrong.
- You Need Huge Investment to Start.
Most People Stay back from a Business Because they think that it would take a huge part of their Savings and What Not. Dhirubhai Ambani Sucess Story is a Proof that if a person who started with a mere investment of Rs 15,000 can Create an Empire featuring in Top 100 World’s Biggest Companies then anything is possible.
- Failure Means You can’t Do It
Dhirubhai Ambani’s First Partnership Failed. They had Different Opinions. At a Later Stage, the World Even Doubted Mr. Ambani for his Work Ethics but Dhirubhai Ambani Proved all of Them Wrong. He Showed the World that Failure Only Makes you Strong, Not Weak.
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