Dhirubhai Ambani: The Most Enterprising Indian

Entrepreneur
Seminar submitted for partial fulfillment of the requirements
for the degree of Bachelors of Business Administration-II

Submitted To:
Prof. Prerna Kaur

Submitted By:
Gurpal Singh
10440

SCHOOL OF COMMERCE AND MANAGEMENT

GSSDGS KHASLA COLLEGE PATIALA

 Who Is Entrepreneur?

Definitions
Derived from French word entreprendre means `to
undertake
Richard Carleton: `a person who buys factors of
production at certain prices in orders to combines
them into a product with a view to sell them at
uncertain prices.
An entrepreneur is one who takes risk to start a
business or other venture, or to buy and assume the
management of a company.

Entrepreneurship
Entrepreneurship

4 factors of production

Land

Organization

labor

capital

New Venture

DHIRUBHAI HIRACHAND AMBANI

arguably India's most enterprising entrepreneur.

THINK BIG
THINK FAST
THINK AHEAD
IDEAS ARE NO
ONES
MONOPOLY.

Dhirubhai Hirachand Ambani

Also knows as Dhirubhai, (28 December
1932-6 July 2002)
An Indian business magnate and
entrepreneur who founded Reliance
Industries, a petrochemicals, power, and
textiles Ambani took his company public
in 1984.
Dhirubhai has been one among the select
Forbes billionaires and has also figured in
the Sunday Times list top 50 businessmen
in Asia.
His life has often been referred to as a
true rage to riches story.

 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. After making modest profits, he moved into
textiles and opened his mill near Ahmedabad.

Early Life
He was born into Gujarati family.
Hirachand Gordhandhas Ambani was a village school
teacher with little income.
Hirachand and Jamnaben has two daughters and three
son Dhirubhai was the second son.

Dhirubhai was highly intelligent. He also do not like to

learn lessons in the class school classrooms. He choose
work which used his physical ability to the maximum.

Life in Aden (1949-1958)

Just after Dhiubhai was through his annual
matriculation examination and even before the results
was out , Hirachandbhai called him home to
Chorwad. Hirachandbhai had been unwell for quite
some time.
Dhirubhai had really wanted to study for bachelors
degree, but his ambitions melted.
It was on board the ship that Dhirubhai learnt from
Gujarati newspaper that he had passed his
matriculation examination in second division. It was a
clerk's job with the A. Bess & Co.

 He learnt the ways of commodity trading, high seas

purchase and sales, marketing and distribution,
currency trading, and money management to learn
the tricks of the trade he offered to works free for a
Gujarati trading firm.
There he learnt according, book keeping, preparing
shipping papers and documents, and dealing with
banks and insurance companies, skills that would
come handy when he launched himself into trading
about a decades afterwards in Bombay.
In 1954, the year Dhirubhai returned home to Gujarat
to marry kokilaben . Dhirubhai was 26 years(1957),
full of youth vigour and vitality , and filled with high
hopes for himself and for the new India of Nehrus
dreams.

Majin Commercial Corporation

Ten year later, Dhirubhai Ambani returned to India and started
Majin in partnership with Champaklal Damni, his second
cousin, who used to be with him Aden, Yemen.
The first office of the Reliance Commercial corporation was set
up at Narsinath Street in Masjid Bunder. It was 350 sq. ft. . Room
with a telephone, one table and three chairs. Initially, they had
two assistants to help them with their business.
During this period ,dhirubhai and his family used to say in a one
bedroom apartment. In 1965,Champaklal Damani And Dhirubhai
Ambani ended their partnership.
Dhirubhai started on his own. It is believed that both had
deferent take on how to conduct business. Ambanis net worth
was estimated at about Rs 10 lakh by late 1970s.

Reliance Textiles
Sensing a good opportunity in the
textiles business. Dhirubhai and
Aryan Mehra started the first
textiles mill at Naroda in
Ahmedabad in the year 1966.
Dhirubhai started the brand Vimal
Extensive marketing of the brand
Vimal in the interior of India made
it household name. Franchise retail
outlets were started and they used
to sell only Vimal brand of
textiles.
Dhirubhai Ambani is awarded with
starting the equity cult in India
subscribes to Reliance's IPO in
1977.

Diversification and Criticism

In 1982 Ambani began the process of backward
integration, setting up a plant to manufacture
polyester filament yarn.
He subsequently diversified into chemicals,
petrochemicals, plastics, power.
The final phase of Reliances diversification occurred
in the 1990s when the company turned aggressively
towards petrochemicals and telecommunications.
He has been accused of heaving manipulated
government policies to suit his own needs, and has
been known to be a king-maker in government
elections.

Death
Dhirubhai Ambani was admitted to the Breach Candy
Hospitals in Mumbai on June 24, 2002 after he suffered a
major stroke. This was his second stroke. He died on July 6,
2002.
His funeral procession was not only attended by business
people, politicians and celebrities but also by thousand of
ordinary people Dhirubhai Ambani started his long journey in
Mumbai from the mulji- Jetha Textile Market, where he
started as a small-trader.
At the time of Dhirubhais death, Reliance Group had a gross
turnover of Rs. 75,000 crore or USD $ 15 Billion. In 1967-77 ,
the reliance group had annual turnover of Rs. 70 crore and it
is to be remembered that Dhirubhai had started the business
with just Rs. 15,000 (US$350)

Reliance after Dhirubhai

In November 2004, Mukesh Ambani in an
Interview admitted to having difference with
his brother Anil Over ownership issues.
The Reliance empire was split between the
Ambani brother,
Mukesh Ambani getting RIL and IPCL.
Anil Ambani heading Reliance Capital, Reliance
Energy and Reliance Infocomm.
Mukesh Ambani is referred to as the Reliance
Industries Limited.
Anils Group has been renamed Reliance Anil
Dhirubhai Ambani Group (Reliance ADA Group)

In popular media
A film said to be inspired by the life of Dhirubhai
Ambani was released on 12 January 2007. the Hindu
Film GURU.
In 1998, a book publish by Hamish McDonald titled
the Polyester Prince is also an unauthorized
biography of Dhirubhai Ambani, outlining all his
political and business conquests.

Award 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 the most
powerful people in Asia by Asia week Magazine.
August 2001 Economic Times Awards for Corporates Excellence
for Lifetimes Achievements.
A poll conducted by The Times of India in 2000 voted Him
Greatest Creator of Wealth in The Centuries.

Quotes by Dhirubhai Ambani

* I am deaf to the word no.
Think big, think fast, think ahead. Ideas are no ones
monopoly
you do not required an invitation to make profits.
Meeting the deadlines is not good enough, beating
the deadlines is my expectation.
we bet on people.

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 services if it is good
.
Sound too simplistic for belief? Well, look around you
and you will know exactly how true it is.

Strategy and vision

Roll up your sleeve and help.
Dream big but dreams with your open eyes.
Changes your orbit, constantly.
Ideas are no ones monopoly.
Be a safety net for your team.
Supply creating the demand.

THANK YOU