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DHIRAJLAL HIRACHAND AMBANI

COMMUNITY DEVELOPMENT HEALTHCARE INITIATIVES EDUCATIONAL INITIATIVES VI. THE LEADER III.SINGH b. THE STARTING II.INDEX I. CHALLENGES AND DIFFICULTIES a. AWARDS AND RECOGNITIONS . b. c. DHIRUBHAISM(1-5) IV. TUSSLE WITH NUSLI WADIA THE INDIAN EXPRESS ARTICLES DHIRUBHAI AND V. V.P. STRATEGY AND VISION a. c. CONTRIBUTIONS a.

1 million by late 1960s. Champaklal Damani and Dhirubhai Ambani ended their partnership and Dhirubhai started on his own. Ft. Mumbai. room with a telephone. the architect of India’s capital markets. Dhirubhai and his family used to stay in one bedroom apartment at the Jaihind Estate in Bhuleshwar. Dhirubhai was born in 1932 in the village of Chorwad in Gujarat in circumstances that can best be described as modest. In 1968. In 1949. Damani was a cautious trader and did not believe in building yarn inventories. Fewer still have left behind a legacy that is more enduring and timeless. and worked as a dispatch clerk for A. . In 1965. Initially. Driven by hardship and want. which he later realised with his petrochemicals venture. Sh. one table and three chairs. Besse & Co. they had two assistants to help them with their business. During this period. the leader of men. It was a 350 Sq. his second cousin. Dhirubhai H Ambani. Dhirubhai was a known risk taker and he considered that building inventories. The business was setup in partnership with Champaklal Damani. who used to be with him in Aden. anticipating a price rise. The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices. Ambani's net worth was estimated at about Rs. A couple of years later. The second son of a school teacher. As with all great pioneers. In 1962. the unmatched strategist. at the age of 17. It is believed that both had different temperaments and a different take on how to conduct business. he moved to an upmarket apartment at Altamount Road in South Mumbai. While Mr. Yemen.000. The first office of the Reliance Commercial Corporation was set up at the Narsinathan Street in Masjid Bunder. there is more than one unique way of describing the true genius of Dhirubhai: The corporate visionary. It was here that he dreamed of setting up and owning a refinery. the proud patriot. the company became a distributor for Shell products and Dhirubhai was promoted to manage the company’s oilfilling station at the port of Aden.15. and making profits through that was good for growth. he had to drop out of school early. Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of Rs. he went to Aden (now Yemen) in search of opportunity. the champion of shareholder interest.THE STARTING Few men in history have made as dramatic a contribution to their country’s economic fortunes as did the founder of Reliance.00.

Extensive marketing of the brand "Vimal" in the interiors of India made it a household name. capital markets. Textiles were manufactured using polyester fibre yarn. infrastructure services. which was named after his elder brother Ramaniklal Ambani's son. information technology. energy. and an 85. The company as a whole was described by the BBC as "a business empire with an estimated annual turnover of $12bn. Dhirubhai Ambani is credited with starting the equity cult in India. . and logistics.Sensing a good opportunity in the textile business. Dhirubhai started the brand "Vimal". Vimal Ambani. in Ahmedabad in the year 1966. More than 58. Franchise retail outlets were started and they used to sell "only Vimal" brand of textiles. Dhirubhai started his first textile mill at Naroda. a Technical team from the World Bank visited the Reliance Textiles' Manufacturing unit. This unit has the rare distinction of being certified as "excellent even by developed country standards" during that period.000-strong workforce". power.000 investors from various parts of India subscribed to Reliance's IPO in 1977 Over time. textiles. Dhirubhai diversified his business with the core specialisation being in petrochemicals and additional interests in telecommunications. In the year 1975. retail.

As a yarn merchant.He is a folk hero to millions of Indians. as big as anywhere in the world and as modern as they come. We can never think of the day after tomorrow. because.500 crore in all for his business. not in terms of a small factory here and there. we shall never be able to attain our potential. Dhirubhai. It was second nature to him. though that was supposed to be his forte. more than even an industrialist. huge amount even for a man like Ambani. And without Dhirubhai. I rank Dhirubhai along with the Gandhis. or the generation after the next. He raised Rs. The Ambanis are now nearly twice as big as Tatas and growing also at twice their rate. though the Marathas under Shivaji did try. and almost always temporary and short-lived. Where did Dhirubhai learn to think big? He did not learn anything from his business contemporaries because there was nothing to learn. took just about 40 years to do what he has done. We are so worried about the next meal that there is no time for anything else. otherwise how could a man in a 10 ft by 10 ft office hawking yarn end up as the owner of a huge petrochemical plant and an equally huge oil refinery? He was a restless soul who simply had to do what he did.THE LEADER What do you call a man who hates to lose? A winner? That is too easy. and buries the story. He wanted a piece of the action — preferably all of it. twice as big.7. too glib. We can think only of the next meal. and from there to petrochemicals and then to oil exploration? Ambani rarely talked about money. we would still be under the British. let alone the year after tomorrow. we would not have learnt how to think big. the next pay cheque. he would create his own turf and own it all. even those who are not businessmen. the country would have been torn apart into quasi independent fiefdoms. just as Mahatma Gandhi was something more than a politician and Indira Gandhi was more than a prime minister. For the last thousand years we have not thought big at all.And that is why Dhirubhai Ambani is so special. as he used to say. the next job. All Dhirajlal Hirachand Ambani ever wanted to be is the biggest there ever is. small and trifling. If others wouldn’t let him in. because that was his . the kind we had before the Britishers arrived here. or do not aspire to a business career. Dhirubhai taught India to think big. because all of them moved the entire country in a certain direction. most of whom have now shut up shop or gone bankrupt. the next election. But how is it that Dhirubhai went on to chemicals from textiles. the best there ever was. He was known in the market as a financial wizard. These people are not born every day. Tatas took nearly a hundred years to achieve what they did. ours is a big country and if we do not think big. but his career is so extraordinary that he is more than just a businessman. he used to go from one dealer to another and also to purchase agents of the big textile companies in Mumbai. Ambani still remembers them and calls them his sheths. It is not easy to think big in India. Without Indira. Without the Mahatma. but in terms of giant plants. Ambani is actually a businessman. I think he was born thinking big. We are so poor that everything tends to be short-term.

his textile unit got recognition as one of the world’s most modern textile mills. He was enthusiastic. you can start a fire. This was the second lesson we learn from him: always be open-minded. Even years before his death he looked for new ideas for marketing in this new information age. eager for something new to do. though not how you are going to do it. mastering the ability to accomplish. he found nothing impossible. you can definitely succeed. We learn yet another lesson from him: always look for ways to convert a crisis into an opportunity and think ahead of time. And Shri Dhirubhai was the master of masts. ‘Unrealistic goals’ was a term missing from his dictionary. When the textile industry was passing through adverse times. Once you conceive an idea and back it up with strong belief. He said you will become the person you believe yourself to be. too. He exuded optimism and was a source of positive energy . . But if you take a magnifying glass and focus the same sunlight on the paper. the same focus in him. He ceaselessly inspired us to think big and make our dream the purpose of life. you become absolutely unstoppable. This was the best lesson we learn from him. become solution-oriented and make more progress in life. He had the same missionary zeal. Everything else came afterwards. matching or even surpassing developed nations’ stringent standards. He was hungry for new ideas and never discounted any idea or person. Dhirubhai Ambani is indeed a man of two centuries! If you take a piece of ordinary glass. "I am deaf to the word "no"” In the seventies. He was a big dreamer. the first half of the 21st century will also belong to him. He believed enthusiasm is the fuel of life.If the first half of the 20th century belonged to Tatas. the second half belonged to Dhirubhai Ambani and if he lives long enough. right from Reliance’s first public issue till the time he built the mammoth Jamnagar refinery. Winners focus. He always believed that he was worthy of his dream. was his mantra. bubbling with excitement. He always taught us that nothing is impossible in this world. That was the fourth lesson we learn from him. He repeated the performance in petrochemicals. Right from textiles to refinery to drilling for oil. This is the first lesson we learn from him: be focussed on whatever you plan to do till you achieve it. as it does when you know what you are going to do. When you are propped up by strong self-belief and single-minded determination to chase and achieve your dream. He was always openminded. all you will have is a bright pile of paper. because when you have an open mind you assimilate more. hold it over some shredded paper and let sunlight shine through. it helps you to get where you’re going. he developed yarn-processing and went on to become a giant in the global synthetic textiles industry.compulsion.

he never ever breathed a word about it to anyone else. let me explain Dhirubhai’s “orbit theory. without exaggeration. all the time.” He would often explain that we are all born into an orbit. But that would be a criminal waste of potential. as is evident. Sometimes. We could choose to live and die in the orbit that we are born in. He was a man who gave management a whole new “ism”. Dhirubhai was indeed a man of many parts. He never used charity as a platform to gain publicity. Because. And so on. in their working styles as well. There have been none among us who haven’t known his kindness. you will create friction. you should move to the next level. Yes. Whenever I tried to point out to him that a task seemed too big to be accomplished. “Expect the unexpected” just might have been coined for him. When we push ourselves into the next orbit. There is a new “ism” that I’ve been meaning to add to the vast world of words for quite a while now. By the time resentment builds up in your new orbit. And that’s what made him such a phenomenal team builder and achiever.STRATEGY AND VISION Dhirubhai Ambani was no ordinary leader. I am sure there are many people who display some of the traits mentioned above. And that nothing was truly unattainable for those who dreamed big. The good news is that your enemies from your previous orbit will never be able to reach you in your new one. However. yet he never went around broadcasting it. we benefit not only ourselves but everyone connected with us. he would reply: ” No is no answer!” Not only did he dream big. go on to achieve the impossible too. constantly! To understand this statement. Dhirubhaism No 2: Dream big but dream with your eyes open. when you change orbits. he taught all of us to do so too. His phenomenal achievement showed India that limitations were only in the mind. It is up to us to progress to the next. we all need “Dhirubhaisms” in our lives to remind us that if it was possible for one person to be all this and more. This was another of his remarkable traits. but Dhirubhai was one of those rare people who demonstrated all of them. Such was the extent of his generosity. we too can. And like him. Changing orbits is the key to our progress as a nation. he would even go to the extent of not letting the recipient know who the donor was. . Dhirubhaism No 3: Change your orbit. it’s a word for which no synonym can do full justice: “Dhirubhaism”. When he helped someone. Dhirubhaism No 1: The silent benefactor.

He was convinced that India could become an economic superpower within a short period of time and wanted Reliance to play an important role in realising this goal. Think fast. Think differently. nurtured them and continuously propelled them to aim for still higher goals.Dhirubhaism No 4: ideas are no one’s monopoly--Shri Dhirubhai Ambani was not just firmly rooted in traditional Indian values. . The corporate philosophy he followed was short. "The actions of a great man are an inspiration for others. Shri Dhirubhai Ambani visualised the growth of Reliance as an integral part of his grand vision for India. Think ahead. These highly motivated people comprise the core of what he named: "The Reliance Family". This was clearly reflected in his passion for mega-sized projects. The Bhagavad Gita states. becomes a standard for others to follow." This certainly applies to Shri Dhirubhai Ambani. Whatever he does. He scouted around for the best and most talented professionals. the most advanced technology and the highest level of productivity. simple and succinct .He inspired the Reliance team to do better than the best not only in India but in the world. Dhirubhaism 5: For him. but was also the quintessentially modern man. the man of the new millennium. Aim for the best". his people were his most important asset."Think big.

The situation was getting completely out of control. Not many people were able to understand as to how a yarn trader till a few years ago was able to get in such a huge amount of cash flow during a crisis period. The answer to this was provided by the then finance minister. On the day of settlement. a bear cartel which was a group of stock brokers from Calcutta started to short sell the shares of Reliance. The bulls kept on buying and a price of Rs. they’re supposed to unleash your inner strength & help you discover who you are. the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. the Bombay Stock Exchange was closed for three business days. To counter this. the much needed cash was provided to the stock brokers who had bought shares of Reliance. In the case of non-settlement. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure. With this. 2 with a stipulation that the Bear Cartel had to deliver the shares within the next few days. 35 per share. To find a solution to this situation. Pranab Mukherjee in the parliament. 152 per share was maintained till the day of settlement. The settlement caused an enormous uproar in the market and Dhirubhai Ambani was the unquestioned king of the stock markets.CHALLENGES AND DIFFICULTIES A diamond is merely a lump of coal that did well under extreme pressure. Sensing an opportunity. After this incident. the demand increased and the shares of Reliance shot above 180 rupees in minutes. Life’s challenges are not supposed to paralyze you. To complete the transaction. The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the "Badla" trading system prevalent in Bombay Stock Exchange during those days. the Bulls demanded an "Unbadla" (a penalty sum) of Rs. He proved to his detractors just how dangerous it was to play with Reliance. by none other than Dhirubhai Ambani. So imagine how brilliant a human being can be by sustainin pressures of life. Reliance Industries came up against a rights issue regarding partly convertible debentures. a group of stock brokers till recently referred to as "Friends of Reliance" started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange. Authorities from the Bombay Stock Exchange intervened in the matter and brought down the "Unbadla" rate to Rs. It was rumored that company was making all efforts to ensure that their stock prices did not slide an inch. He informed the house that a . many questions were raised by his detractors and the press. In 1982.

Lota and Fiasco. Finally. The interesting factor was that all the promoters or owners of these companies had a common surname Shah. the biggest competitor of Dhirubhai and Reliance Industries. Ambani has been known to have flexible values and an unethical streak running through him. He has been accused of having manipulated government policies to suit his own needs.. I know how to finish him". His biographer himself has cited some instances of his unethical behavior when he was just an ordinary employee at a petrol pump in Dubai. At one point of time. Bombay . Nusli Wadia obtained the permission to build a 60. On many occasions. Ramnath Goenka was a friend of Dhirubhai Ambani. Bombay Ramnath Goenka. Goenka was taken in his penthouse at the Express Towers. This incident acted as a catalyst between the two parties and the competition took an ugly turn. During the Janata Party rule between 1977 . Ramnath Goenka tried to intervene between the two warring factions and bring an end to the enmity. the Ambani house has always enjoyed more protection and shelter from the media storms that sweep across the country. Tussle with Nusli Wadia Nusli Wadia of Bombay Dyeing was. Goenka and Ambani became rivals mainly because Ambani's corrupt business practices and his illegal actions that lead to Goenka not getting a fair share in the company. Nariman Point. Ramnath Goenka chose to support Nusli Wadia. Goenka was taken in his penthouse at the Express Towers. Ramnath Goenka. An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters. Nusli Wadia was granted the license for the plant.000 tonnes per annum Di-methyl terephthalate (DMT) plant. the patriarch of The Indian Express Group.. Later on.. in 1981. These investments were routed through many companies like Crocodile. These companies were primarily registered in Isle of Man. many hurdles came in the way. Both Nusli Wadia and Dhirubhai were known for their influence in the political circles and their ability to get the most difficult licenses approved during the times of pre-liberalized economy.1979. the patriarch of The Indian Express Group. 220 Million in Reliance during 1982-83. He cannot handle Ambani. I am a bania. Despite his almost Midas Touch. The Indian Express Articles At one point in time. Ramnath Goenka was also considered to be close to Nusli Wadia. This file photograph of Mr. This file photograph of Mr. Although most media sources tend to speak out about business-politics nexus. and has been known to be a king-maker in government elections . Before the letter of intent was converted into a licence.Non-Resident Indian had invested up to Rs. Nariman Point. Ramnath Goenka is believed to have said "Nusli is an Englishman. at one point in time.

Goenka retained his iconic stature because. While Dhirubhai Ambani was recovering in San Diego. Gurumurthy for this task. Gurumurthy. Ghosh. As a raw material this was very important to manufacture polyester filament yarn. Sensing defeat. The battle between Wadia .As days passed by. Ambani made a quiet exit. N. Apart from S. who succeeded Rajiv Gandhi as the Prime Minister of India. The Indian Express. another journalist Maneck Davar who was not on the rolls of Indian Express started contributing stories. By 1988-89. a broadsheet daily published by him. he seemed to be replaying his heroic defiance during the Emergency regime. had to quit his post to make way for D. Even then. the Ambanis resigned from the board of the company. advisor and chartered accountant S. his sons Mukesh Ambani and Anil Ambani managed the affairs. while the tussle was directly between the Prime Minister Rajiv Gandhi and Ramnath Goenka. Dhirubhai. Reliance was able to secure. not realizing that Zail Singh had made changes to the letter before sending it to Rajiv Gandhi. Dhirubhai and V. A section of the public started to appreciate Dhirubhai's business sense and his ability to tame the system according to his wishes. a businessman opposed to the Ambanis was also a part of this campaign. Gurumurthy and another journalist. he suddenly removed the import of Purified Terephthalic Acid from the Open General License category.Both Ambani and Goenka were equally criticized and admired by sections of the society. . Critics also admired Goenka for his ability to run these articles without any help from his regular staff. The Indian Express had turned the guns against Reliance and was directly blaming the government for not doing enough to penalize Reliance Industries.Singh It was widely known that Dhirubhai didn't enjoy a cordial relation with Vishwanath Pratap Singh. Ramnath Goenka did not use his staff at the Indian Express to investigate the case but assigned his close confidante. This made it very difficult for Reliance to carry on operations. the government-owned financial institutions like the Life Insurance Corporation of India and the General Insurance Corporation stonewalled attempts by the Reliance group to acquire managerial control over Larsen & Toubro. from various financial institutions. to many people.Goenka and the Ambanis took a new direction and became a national crisis. who had become L&T's chairman in April 1989. In May 1985. changing the category under which PTA could be imported. The government then raided the Express guest house in Delhi’s Sunder Nagar and found the original draft with corrections in Mulgaokar’s handwriting. letters of credit that would allow it to import almost one full year’s requirement of PTA on the eve of the issuance of the government notification. Dhirubhai Ambani was also getting more recognition and admiration. Rajiv’s government retaliated with a series of prosecutions against the Indian Express. Jamnadas Moorjani. Mulgaokar consorted with President Giani Zail Singh and ghost-wrote a hostile letter to the Prime Minister on his behalf. Now. People criticized Goenka that he was using a national newspaper for the cause of a personal enmity. in the meantime. former chairman of the State Bank of India.P. In 1990. Critics believed that there were many other businessman in the country who were using more unfair and unethical practices but Goenka chose to target only Ambani and not the others. The Indian Express published a draft of the President’s letter as a scoop. carried a series of articles against Reliance Industries and Dhirubhai in which they claimed that Dhirubhai was using unfair trade practices to maximise the profits. The end to this tussle came only after Dhirubhai Ambani suffered a stroke. Ambani had won the battle at this point.

. His efforts helped create an 'equity cult' in the Indian capital market. Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). and also to the children living in nearby areas. The lab will also be equipped with a printer. The world. Dhirubhai revolutionised capital markets. he generated billions of rupees in wealth for those who put their trust in his companies. its high credit-taking in international markets limited only by India's sovereign rating. which provide high quality education to the children of employees. laboratories. In 1992. sports facilities and playgrounds. Dhirubhai Ambani is credited with shaping India's equity culture. Transportation facility is provided to all students. Dhirubhai saw beyond the banks and financial institutions to the real source of funds_the retail investor. Reliance also became the first Indian company to feature in Forbes 500 list. The project covers about 68. thus enabling those living in nearby villages to attend school every day. His corporate philosophy and brand of management were initially ridiculed by his competitors.Contributions--He is a true philanthropist. Thus. not a preacher or a reformer. A poll conducted by The Times of India in 2000 voted him "greatest creator of wealth in the century". scanner. software applications and educational multimedia content for various syllabus subjects. they say. Each computer lab will have 15 multimedia computers connected on a network. including Maths and Science. steps aside for the man who knows where he is going Community Development Reliance runs its own schools at its manufacturing sites. With innovative instruments like the convertible debenture. Computer laboratories are being created in each of these schools. Some of the important initiatives launched by Reliance include: Reliance. in association with the Municipal Corporation of Greater Mumbai. his corporate objectives were simple: better company results and benefits for his shareholders. Reliance quickly became a favorite of the stock market in the 1980s. computers. Reliance became the first Indian company to raise money in global markets.000 students studying from fifth to tenth standard. attracting millions of retail investors in a market till then dominated by financial institutions. launched the Secondary Schools Computerisation Project to facilitate computer education for 51 municipal secondary schools of Mumbai. From nothing. These schools are all equipped with modern amenities like well-stocked libraries.

HNH&RC is one of the oldest hospitals in the city. Reliance also carried out community services work in villages adjoining its Jamnagar and Hazira complexes. Mumbai The DAF has joined the management of Sir Hurkisondas Nurottumdas Hospital and Research Centre (HNH&RC) and Sir Hurkisondas Nurottumdas Medical Research Society (HNMRS). Dwarka. Gujarat. having been established in 1925.The project aims to benefit not only the students. Jamnagar town faces acute drinking water shortages. The objective was to network charitable foundations for professional exchange of views.the Indian Centre for Philanthropy. the teachers will benefit by learning new skills that will further their professional development. A platform to display the art and craft produced by underprivileged children from Aseema (an NGO devoted to their welfare) was provided along with the annual Harmony Exhibition organised by the textile division of Reliance Industries Limited. Drinking water was supplied for the third successive year in the summer of 2002. for the use of patients needing change of climate and recuperation. HNMRS is a 28-year-old institution involved in clinical research. but also the teachers and their schools.. The conference on the theme "Promoting Good Governance: Internal and External" was well-attended by about 35 NGOs from all over India. organised the second national conference of Charitable Foundations in India. has been a centre of attraction not only for pilgrims of the country but also for archaeologists. based in Mumbai. In order to mitigate the problems of people. DAF and Sampradaan . to improve the quality of life of the people. awards to motivate meritorious students. donations of computers and library books to various schools. historians and tourists from all over the world. Reliance took up much-needed renovation and overall development work in Dwarka by joining hands with various organisations/ offices of the Government of Gujarat. The community services carried out at Hazira included donations to the Surat Municipal Corporation and District Collectorate for e-governance programmes. organisation of inter-village / inter-school sports and cultural competitions. While the students will gain the skills needed to be productive and successful citizens in the new knowledge era. Reliance supplies drinking water from its state-of-the-art seawater desalination plant during summer periods of shortages. skills and selfsufficiency to carry this project forward on their own. The schools will benefit by acquiring the resource. donations of tricycles to handicapped students. organisation of health camps and initiatives to provide self-employment opportunities for women. The DAF has recently established a sanatorium at Chorwad. mobile health van services. . experiences and to explore ways for collaboration. Healthcare Initiatives Sir Hurkisondas Nurrotumdas Hospital and Research Centre (HNH&RC). a religious destination near Jamnagar.

In the coming years. neurology and neuro-surgery. Since its inception. Mumbai and the National Board of Examinations. including many multi-disciplinary ones. applied biology. and Ph. Educational Initiatives Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT) The Dhirubhai Ambani Foundation (DAF) has established the Dhirubhai Ambani Institute of Information and Communication Technology (DA-IICT) at Gandhinagar in the western Indian state of Gujarat.000. and microbiology. These research projects are selected carefully with an aim to undertake community-based studies that are relevant to society. District Raigad This 82-bed state-of-the-art hospital caters to an industrial and rural population in the Raigad district of Maharashtra. The hospital. oncology. cardio-thoracic surgery. Lodhivali.D. when 246 students were admitted through an all-India entrance exam for a four-year undergraduate programme in Information and Communication Technology. HNMRS has completed 100 clinical / scientific research projects. It also provides free treatment to trauma victims of highway accidents.Sc. the institute will also offer a wide range of training and research programmes and continuing education programmes for working executives as well as practicing professionals. nephrology and gastroenterology.Over the next few years. state-of-the-art centre of excellence in the field of healthcare. It is also proposed to make this a centre of excellence for clinical research and medical education. The hospital also runs a nursing school. including paramedical and other support staff. HNH&RC is recognised for its post-graduate program. the only such comprehensive health care institution in the region. has been in existence for about four years and has proved its worth by saving numerous lives of victims of vehicular and industrial accidents. in biochemistry. DAF plans to make substantial contributions for converting this hospital into a patient-focused and not-for-profit. world class. This institution will serve as a knowledge domain for healthcare activities and become a hub for a wider healthcare network. Dhirubhai Ambani Hospital. leading to post-graduate diplomas in various specialties awarded by the College of Physicians & Surgeons. It has on board 200 consultants across various specialisations. It provides for free outpatient and subsidised inpatient treatment for the needy and poor patients as well as for senior citizens. . urology. The institute was flagged off in August 2001. Over 150 research papers have also been presented at various national and international conferences based on its research projects. HNH&RC also provides free and subsidised outpatient and inpatient treatment for the poor. The total staff strength is about 1. HNH&RC is also recognised by Mumbai University for its M. Postgraduate programmes were added from academic year 2002-03 onwards. HNH&RC currently offers tertiary level healthcare facilities including super-specialties like cardiology. New Delhi.

the most powerful people in Asia by Asiaweek magazine.[note 2] A broader definition by Say: "The entrepreneur shifts economic resources out of lower and into higher productivity and greater yield. June 1998 . They come gifted with the power and the vision to change the destiny of nations. lecture theatres. Dhirubhai Ambani has the rare distinction of being the first Indian to get Wharton School Dean's Medal [18] August 2001 – The Economic Times Award for Corporate Excellence for Lifetime Achievement Dhirubhai Ambani was named the Man of 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). to alter the course of corporate history. Awards and recognitions • • • • • • November 2000 – Conferred 'Man of the Century' award by Chemtech Foundation and Chemical Engineering World in recognition of his outstanding contribution to the growth and development of the chemical industry in India 2000. 1998 and 1996 – Featured among 'Power 50 . research laboratories. A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth In The Centuries". acting as intermediatory between capital and labour".[note 1] The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. . a French economist.he defined an entrepreneur as "one who undertakes an enterprise. a sports complex. The Resource Centre (Library) is also under construction. Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Hostel accommodation for students is being created on the campus. He is the true son of India' An entrepreneur is a person who has possession of a new enterprise. Jean-Baptiste Say. especially a contractor. the stuff that legends are made of.A number of new facilities have been created including additional floors for teaching.His spirit will live on forever. is believed to have coined the word "entrepreneur" in the 19th century .Dean's Medal by The Wharton School. They are the empire builders. The legend called Shri Dhirubhai Ambani will never die. for setting an outstanding example of leadership. venture or idea and is accountable for the inherent risks and the outcome of a product. University of Pennsylvania. Truly. a cultural centre and food courts. men like Shri Dhirubhai Ambani are rare.