Gautam Agrawal

Inspirational Others

4.4  

Gautam Agrawal

Inspirational Others

The story of Dhirubhai Ambani

The story of Dhirubhai Ambani

2 mins
276


Who knew that the person At the age of 16, he went to Yemen and started working as a Petrol Pump Attendant will become a millionaire . 

HI I am talking about Dhirubhai Ambani The owner of the Reliance industries 

Dhirubhai Ambani Was born in Chorwad in 28 December 1932 to Hirachand Ambani And Jamnaben.He did his studies in bahadur Kanji School.

Dhirubhai returned to India and started Majin with his second cousin Champaklal Damani in partnership.Majin was to import polyester yarn and export spices to Yeman.

The first office of the Reliance Commercial Corporation was set up at the Narsi Natha Street Masjid Bunder . It was 350 sq ft (33 m) room with a telephone , one table and 3 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, which includes Rasikbhai Meswani (his nephew), Ramnikbhai, Nathubhai (his younger brother), and two former schoolmates named Rathibhai Muchhala and Narottambhai Joshi. They usually worked around the streets of Pydhonie.

During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar, Mumbai. In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership and Ambani started on his own. It is believed that both had different temperaments and different takes on how to conduct business. While Damani was a cautious trader and did not believe in building yarn inventories, 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.

He launched the brand Vimal during this time which sold polyester materials for saris, shawls, suits, and dresses.

Extensive marketing of the brand in the interiors of India made it a household name. Franchise retail outlets were started and they sold the "Only Vimal" brand of textiles. In the year 1975, a technical team from the World Bank visited the 'Reliance Textiles' Manufacturing unit.


                                             He died on 6 July 2002


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