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Essay on Dhirubhai Ambani - An Excellent Philosophy of the 20th Century

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We are providing many paragraphs, long essay in very simple language with the boundaries of different words here.  Here you can find Essay on Dhirubhai Ambani - An Excellent Philosophy of the 20th Century in English language for students in 900 words. In this article cover Topic : Childhood, family profile and education, Early career, About marriage, How established Reliance Commercial Corporation ? , Established first textile mill in Naroda, The unprecedented growth of Reliance industries and the cause behind it, Diversification of business, Awarded with many national and international honours, Iconic personality, remains inscription for generations.

Dhirajlal Hirachand Ambani, who came to be known as Dhirubhai Ambani, was India's largest visionary and prestigious businessman. He was the founder of Reliance Industries Limited (RIL), which is now involved in the company of the world's top 500 companies. Dhirubhai's rags-to-riches story is one of the most amazing stories of corporate India and inspiration for the youth of our country.

Dhirubhai was born on December 28, 1932, in a divisional family of Gujarat in Chard village of Junagadh district. Father Hirachand Govardhanas Ambani was a school teacher and mother Zamanben was a domestic producer. Dhirubhai has four siblings, Trilochanben, Ramnik Bhai, Jasuben and Nathubhai. Dhirubhai had very little interest in formal education.

He was a hard-working, intelligent young man who had made money by selling 'pakora' to pilgrims at Girnar during the weekend to help his poor family.

At the age of 16, Dhirubhai was attracted to socialism and politics. They started dreaming about a new progressive India, where the development of industries would be at unprecedented speed. However, his father's unsuccessful health and financial crisis of the family helped him find a job. Then he got edited. In Eden, he worked as a clerk at A Besse & Co., which was one of the largest trading firms in that area.

Here he learned more about commodity trading, import and export, wholesale sales, marketing, sales and distribution. He also learned about currency trading from people from different countries, whom he met and realized that he had a natural nature of speculative business.

In 1954, Dhirubhai married Kokilaben and had two sons Mukesh and Anil and two daughters, Nina and Dipti. He was sent by his employer to work in the Shell Oil refinery in Aden. After learning about oil business, Dhirubhai was starting to dream of becoming the owner of his own refinery on one day. They said, "Our dreams should be bigger, our ambitions are high, our commitment is deep and our efforts are much more". In 1962, Dhirubhai returned to India and started the Reliance Commercial Corporation in partnership with Champakal Damani, his second cousin.

His first office was set up at Narisnath Street with a telephone, a table and three chairs in a 350 sq ft room. Initially, he was assisted to help two assistants. In 1965, Chandkalal Damani and Dhirubhai Ambani ended their partnership and Dhirubhai started on his own. They have both different temperament and different views about the operation of the business. Mr. Damani was a careful businessman, while Dhirubhai was a risk taker. Dhirubhai believed that "true entrepreneurship comes only from taking risks".

While assessing the opportunity in the textile industry, Ambani received the necessary clearances for making textile from polyester fiber. Establishing their first textile mill in Naroda, Ahmedabad, was the biggest obstacle in their life. 'The clothing brand that Vemi founded, a family name was developed and developed in India.

Dhirubhai and his highly motivated sales workers cut through intermediaries (wholesalers) and went directly to retailers. The cloth became popular and India was wearing clothes soon, which came out of the Reliance factory.

The rise of Reliance Industries was unexpected and it went from 70 crore rupees in the mid-1970s to Rs 75,000 crore in 2002. For further expansion, he made a lot of money by releasing six series of convertible debentures and then converted them into equity shares on premium

There was a time when participation in the Indian capital market was largely confined to a small but effective elite, for the first time, Dhirubhai celebrated 58,000 middle-class investors with mostly small cities, about their promise of giving a substantial return on their investment. Was in. . This promise was kept to its last days

Reliance Industries later diversified into energy, power, infrastructure, services, retail, capital market, telecommunications, logistics and information technology. In the 1990s, he aggressively changed petrochemicals, oil refineries, telecommunications and financial services. At the death of Dhirubhai on July 6, 2002, his son Mukesh and Anil took over as charge of Reliance Industries Limited.

Mukesh Ambani is the elder son of Dhirubhai Ambani, the chairman of Reliance Industries Limited, Managing Director and the largest shareholder. Reliance is mainly in refining, petrochemical and oil and gas fields. Reliance Retail Ltd is the largest retailer in India and his second son Anil Ambani is the Reliance Group chairman. He has a large number of listed companies, including Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance Communications.

Dhirubhai Ambani was a national icon and he was honored with many awards and honors. He was awarded '20th Century Entrepreneur' Award by the Federation of India Chambers of Commerce and Industries (FICCI) in March 2000. In October 2011, he was awarded posthumously Global Asian Award at the Asian Business Leadership Forum Awards (ABLF). In January 2016, he was awarded Padma. Vibhushan, the country's second largest civil award

Dhirubhai really believe in "think big, think fast, think forward, ideas are not monopoly", he was considered as the most entrepreneur Indian entrepreneur, after closing in the form of a thread dealer, he Writing history by establishing and making it one of the most successful Indian companies.

He is always remembered, who has written Indian corporate history and followed his own dream and actually built a global corporate group. This was done through the understanding of their future vision and strong business that Reliance Industries has made a history of a heritage in the Indian industry, which will act as inspiration for future generations.

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