Further Exploration of the Factorium

Thursday, July 22, 2010

Personalities # 22 - Dhirajlal Hirachand Ambani

We again move to business, where we will see about Dhirubhai Ambani, the pioneer of Reliance Industries.

Dhirajlal Hirachand Ambani, one of the leading Indian businessmen, was born on December 28, 1932 in Chorwad, Gujarat and is popularly known as Dhirubhai Ambani. Dhirubhai started off as a small time worker with Arab merchants in the 1950s and moved to Mumbai in 1958 to start his own business in spices. Dhirubhai founded Reliance Industries in 1958. After that it was a saga of expansions and successes. Dhirubhai has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia. His sons are carrying on the successful tradition of their illustrious father. At the time of Dhirubhai's death, Reliance Group had a gross turnover of Rs. 75,000 Crore or USD $ 15 Billion. In 1976-77, the Reliance group had an annual turnover of Rs 70 crore and Dhirubhai had started the business with Rs.15,000.

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