5 turning points of Dhirubhai Ambani will teach you a lot

How filmy a person’s life can be, it is clearly known by looking at the stages of the country’s famous businessman Dhirubhai Ambani’s life. The son of a government teacher, whose childhood was spent in financial straits, having worked for a mere Rs 300, he established himself as India’s richest man and the head of the biggest business house within two decades. .

In fact, Dhirubhai Ambani would have been a human being from Gujarat, if he had not thought big and dreamed of becoming big. Dhirubhai was born on this day, 28 December 1932, in Chorwad, Junagadh district of Gujarat. Today, on the birthday of Dhirubhai Ambani, we will talk about some important milestones in his life and understand how a person can write his own destiny on the strength of his stubbornness and passion.

Work done on petrol pump in Yemen

The first stage of Dhirubhai Ambani’s life came at the age of 17. He was not very educated. After passing high school, at the age of 17, he went to Yemen in 1949 with his brother Ramniklal Lal to earn money. Here he worked at the petrol pump. Where his salary was 300 rupees per month. Dhirubhai did not like this work and then came back to Mumbai or Bombay of that time.

selected polyester yarn business

Dhirubhai Ambani’s heart used to reside in business. When he came back from Yemen in 1954, he had only 500 rupees in his pocket. Here Dhirubhai started the business of polyester thread. He had just returned from Yemen, a petroleum-producing country, and knew the value of polyester. Till now it was understood that polyester is in highest demand in India and Indian spices in foreign countries. In this he saw many possibilities of expansion. His cousin also helped him in this work. During this he also got involved in the spice trade. He used to send spices from India to Yemen. The business took off.

Entry into petroleum business

Dhirubhai Ambani believed that the businessman benefits only when he controls the raw material. While doing polyester business, he moved towards manufacturing. The raw material for polyester is petroleum products. Due to which he stepped into this new sector and then did not look back.

The foundation of Reliance was laid in 1973

Dhirubhai, rich in business sense, started his company on 8 May 1973 under the name of Reliance Commerce Corporation. Through this, Indian spices were sold abroad and foreign polyester was sold in India. He laid the foundation of Reliance Industries from a 350 square feet room.

Stock market rocked with IPO

The stock market has also been an important stage in Dhirubhai Ambani’s life. In the era of 1977, where only big companies had control over the stock market. Then Dhiru Bhai Ambani had changed the course of the market by bringing IPO. The issue size of Reliance IPO was 2.82 crores. Issue subscribed 7 times. The number of shareholders of Reliance was so high that the company had to hold its annual meeting in the stadium.

Company name changed in 1985

In 1985, the name of the company was changed from Reliance Textiles Industries Limited to Reliance Industries Limited. During 1985 to 1992, the company expanded its installed capacity to produce over 145,000 tons of polyester yarn per year. Hazira Petrochemical Plant was commissioned in 1991-92.

Grasp the world with free calls

A big change for Reliance and Dhirubhai was also entering the telecom industry. The entry of Reliance Infocomm in the telecom sector dominated by state-run BSNL was indeed surprising. Reliance invested heavily in optical fiber and CDMA technology and Dhirubhai Ambani’s catchphrase became the company’s identity, the slogan was ‘Kar lo duniya muthi mein’