• Dhirubhai Ambani School

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Dhirubhai Ambani Born Dhirajlal Hirachand Ambani ( 1932-12-28)28 December 1932, (now in, ) Died 6 July 2002 ( 2002-07-06) (aged 69), Cause of death Nationality Occupation Founder of Spouse(s) Kokilaben Ambani Children 4; including Nina Kothari Deepti Salgaonkar Relatives Anant Ambani (grandson) (grandson) (granddaughter) Jai Anmol Ambani (grandson) Jai Anshul Ambani Awards (2016) Dhirajlal ' Dhirubhai' Hirachand Ambani (28 December 1932 – 6 July 2002) was an Indian who founded in with his cousin. He appeared in top 50 businessmen in Asia. Ambani took Reliance Industries public in 1977 and by 2007, the combined fortune of the family was $60 billion. Ambani died on 6 July 2002.

In 2016, He was honored posthumously with the, India's second highest civilian honor for his contributions in trade and industry. Contents. Early career Dhirubhai Ambani founded in 1966. Corporation Ambani returned from Yemen to India and started 'Majin' in partnership with Champaklal Damani, his second cousin, who lived with him in Turkey. Majin was to import yarn and export spices to Yemen.

The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in. It was a 350 sq ft (33 m 2) room with a telephone, one table and three chairs. Initially, they had two assistants to help them with their business.

During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in, Mumbai. In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership and Ambani started on his own. It is believed that both had different temperaments and a different take on how to conduct business. While Damani was a cautious trader and did not believe in building yarn inventories, Ambani was a known risk-taker and believed in building inventories to increase profit. Ambani's control over stock exchange Extensive marketing of the brand in the interiors of India made it a household name.

Franchise retail outlets were started and they used to sell 'only Vimal' brand of textiles. In the year 1975, a Technical team from the World Bank visited the Reliance Textiles' Manufacturing unit. In 1982, Reliance Industries came up against a rights issue regarding partly convertible debentures. It was rumored that the company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, The Bear Cartel, a group of stock brokers from, started to the shares of Reliance. To counter this, a group of stock brokers until recently referred to as 'Friends of Reliance' started to buy the short sold shares of Reliance Industries on the.

The Bear Cartel was acting on the belief that the would be short of cash to complete the transactions and would be ready for settlement under the ' trading system operative in the. The bulls kept buying and a price of ₹ 152 per share was maintained until the day of settlement. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, the much money was provided to the stock brokers who had bought shares of Reliance, by Dhirubhai Ambani.

In the case of non-settlement, the Bulls demanded an Unbadla, or penalty sum, of ₹ 35 per share. With this, the demand increased and the shares of Reliance shot above ₹ 180 in minutes. The settlement caused an enormous uproar in the market. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Authorities from the (BSE) intervened in the matter and brought down the 'Unbadla' rate to ₹ 2 with a stipulation that the Bear Cartel had to deliver the shares within the next few days. 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.

After this incident, many questions were raised by his detractors and the press. Not many people were able to understand as to how a yarn trader until 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, in the Parliament. He informed the house that a Non-Resident Indian had invested up to ₹ 220 billion in Reliance during 1982–83. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in.

The interesting factor was that all the promoters or owners of these companies had a common surname. An investigation by the in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters. Death Ambani was admitted to the in Mumbai on 24 June 2002 after he suffered a major stroke. It was his second stroke, the first had occurred in February 1986 and had paralyzed his right hand. He was in a coma for more than a week and a number of doctors were consulted. He died on 6 July 2002.

The country has lost iconic proof of what an ordinary Indian fired by the spirit of enterprise and driven by determination can achieve in his own lifetime. — P C Alexander, Erstwhile Governor of Maharashtra Reliance Industries after Dhirubhai Ambani's death Following the stroke in 1986, Ambani handed over control of Reliance to his sons Mukesh and Anil. In November 2004, in an interview, admitted to having differences with his brother over 'ownership issues.' He also said that the differences 'are in the private domain.' After the death of Dhirubhai Ambani, the group was split into, headed by, and (Reliance ADA Group), headed. As of 2017, the company has more than 250,000 employees and contributes almost 5% of the 's total annual tax revenue. In 2012, Reliance Industries was one of the two Indian companies among to be ranked among the top 100 in the list of the world's largest companies by revenue.

In popular media In an unauthorized biography of Dhirubhai Ambani, published in 1998 by with the title, all his political and business conquests are outlined. HarperCollins didn't sell the book in India, because the Ambanis threatened legal action. In 2010, an updated version went on sale in India, called Ambani and Sons; there has been no legal action against the publisher so far. A Hindi film said to be loosely inspired by the life of Dhirubhai Ambani was released on 12 January 2007., directed by film maker, cinematography by and music by shows the struggle of a man striving to make his mark in the Indian business world with a fictional Shakti Group of Industries. Guru stars, and. Bachchan plays Gurukant Desai, a character implicitly based on Dhirubhai Ambani.

The character is popularly known as 'Guru bhai', similar to the real-life 'Dhirubhai'. Mithun Chakraborty portrays Manikda who bears an uncanny resemblance to the real life, portrays Kokilaben Ambani and Madhvan portrays, who gained national fame twenty years ago, spearheading virulent attacks against the Reliance group in one of India's bloodiest corporate wars. Awards and recognition. January 2016- Awarded Padma Vibhushan, the country's second-highest civilian award posthumously. October 2011-Awarded posthumously the ABLF Global Asian Award at the Asian Business Leadership Forum Awards. 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.

2000, 1998 and 1996– Featured among Power 50-the most powerful people in by magazine. June 1998 – 'Dean's Medal' by, for setting an outstanding example of leadership. Dhirubhai Ambani has the rare distinction of being the first Indian to get Wharton School Dean's Medal. August 2001 – for Corporate Excellence for Lifetime Achievement.

Dhirubhai Ambani was named the 'Man of 20th Century' by the (FICCI). A poll conducted by The in 2000 voted him 'Greatest Creator of Wealth in the Centuries'.

See also. Also a biopic made on him 'guru' References., The New York Times, 15 June 2008. Srikar Muthyala (29 September 2015).

Archived from on 14 January 2016. 7 July 2011 at the. Retrieved 28 July 2013.

25 January 2016. Arabnews.com (2 November 2012). Retrieved 28 July 2013. ^ Giridharadas, Anand (15 June 2008). The New York Times.

Retrieved 31 December 2010. Barua, S.K.

And Verma, J.S. (1993) The Great Indian Scam, Story of Missing Rs. University of California. Retrieved 31 December 2010. The Times of India (7 July 2002).

Retrieved 28 July 2013. Retrieved 31 December 2010. 18 November 2004. Retrieved 31 December 2010. Pandey, Piyush (9 July 2012).

The Times of India. Retrieved 9 November 2017. Business Standard. 2 October 2010. Retrieved 12 September 2012. Retrieved 2016-01-25. www.rediff.com Rediff on the net – Accessed: 21 January 2007 External links Wikiquote has quotations related to:.

– – Thursday, 23 January 2003. A.G.

Krishnamurthy on Rediff.com. Son of Late Sh. Dhirubhai Ambani.

Dhirubhai Ambani School

on The Wealth Creator of India (Presentation by ).