Dhirubhai Ambani

big, think fast, think ahead. Ideas are no one's monopoly"

"Think

Dhirajlal Hirachand Ambani

born on December 28, 1932 in Chorwad, Gujarat. Dhirubhai started off as a small time worker with Arab merchants in the 1950s moved to Mumbai in 1958 to start his own business in spices. he moved into textiles and opened his mill near Ahmedabad.

During 1950s
In the 1950s, the Yemini administration realized that their main unit of currency, the Rial, was disappearing fast. It was found that a young man in his twenties was placing unlimited buy orders for Yemini Rials. Rials, pure silver coins and was in much demand at the London Bullion Exchange. Young Dhirubhai bought the Rials, melted them into pure silver and sold it to the bullion traders in London.
Entrepreneurships true sense lies in the fact that he always looks upon opportunity.

 In 1962, Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of Rs.15,000.00. The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices. Asia Times quotes: "His people skills were legendary. A former secretary reveals: "He was very helpful. He followed an 'opendoor' policy. Employees could walk into his cabin and discuss their problems with him."

 Dhirubhai Ambani is credited with starting equity investing in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977. Dhirubhai was able to convince people of rural Gujarat that being shareholders of his company will only bring returns to their investment. Reliance Industries holds the distinction that it is the only Pvt. Co. whose several annual general meetings were held in stadiums.

Problems faced
Alleged for bought-off officials and had legislations re-written to suit him. They recall his earlier days and how he picked up the art off profiteering from the byzantine system of controls of officialdoms.

"Pursue your goals even in the face of difficulties, and convert adversities into opportunities."

Problems faced
There was a bear cartel which was a group of broker who short sold the shares to bring down the price of the shares . Ambanis broker kept buying the shares to keep the price at a level before the day of settlement .

"If you work with determination and with perfection, success will follow."

Success
Success in attaining that goal will eventually ring in the cash. For instance, if you work towards creating a name for yourself and earning a good reputation, then money is a logical outcome. People will pay for your product or service if it is good Sounds too simplistic for belief? Well, look around you and you will know exactly how true it is.

Thank you