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BOOKREVIEW OF DIRUBHAI AMBANI

BOOKREVIEW OF DIRUBHAI AMBANI

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Published by abin tijo
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Published by: abin tijo on Jul 19, 2009
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02/24/2013

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An bookreveiw on
DHIRUBHAI AMBANI
 
1. Early Life
Born December 28, 1932 Chorwad, JunagadhGujarat, British India.
Son of Hirachand Gordhanbhai Ambani andJamnaben in aModh Baniafamily of modestmeans.
He was the second son of a school teacher
Spouse(s) Kokilaben AmbaniChildrenMukesh Ambani, Anil Ambani, Nina Kothari, Deepti Salgaonkar.
Original Name - Dhirajlal Hirachand Ambani.
 When he was 16 years old, he moved to Aden, Yemen.
He worked with A. Besse & Co. for a salary of Rs.300.
Two years later, A. Besse & Co. became thedistributors for Shell products, and Dhirubhai waspromoted to manage the company’s filling station atthe port of Aden.
 
2. MAJIN COMMERCIAL CORPORATION
In the 1950s, the Yemini administration realizedthat their main unit of currency, the Rial, wasdisappearing fast.
It was found that a young man in his twenties wasplacing unlimited buy orders for Yemini Rials.
Rials, pure silver coins and was in much demand atthe London Bullion Exchange. Young Dhirubhai bought the Rials, melted them into pure silver andsold it to the bullion traders in London.
In 1962, Dhirubhai returned to India and startedthe Reliance Commercial Corporation with a capitalof Rs.15,000.00. The primary business of RelianceCommercial Corporation was to import polyester yarn and export spices.
 Asia Times quotes: "His people skills werelegendary. A former secretary reveals: "He was very helpful. He followed an 'open-door' policy.Employees could walk into his cabin and discusstheir problems with him."
The business was setup in partnership withChampaklal Damani, his second cousin, who usedto be with him in Aden, Yemen.

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