WRITTEN BY: SHANZE ZAHID
If you’re trying to understand the very evolution of Indian commerce, you must look into this one particular man – Dhirubhai Ambani.
Dhirubhai’s early life
Socialism and politics attracted 16-year-old Dhirubhai. He started dreaming about a new and progressive India. A dream where industries would develop at an unprecedented rate and larger-than-life dreams of industrious young men would come true.
Dhirubhai dreamed bigger than life itself. His father’s failing health and family’s financial crisis, however, forced him to give up his education and political interests. This made him to set off to Aden to find work. He started working as a clerk at Aden. He made good use of this opportunity and learnt much about commodity trading, imports and exports, wholesale merchandising, marketing, and sales and distribution. Also, he learnt about currency trading from the people of various nationalities whom he met at the port and mastered accounting, book keeping, and drafting legal documents by moonlighting at a Gujarati trading firm.
His rise to power
He soon discovered that he had a natural flair for speculative trading. When all the Indians in Aden were migrating to Britain, Dhirubhai decided to return to India and become a part of the phenomenal growth that the country had been awaiting. Back in India, he found that he had very little capital to go into any purposeful business. His dreams were too big for him to be content with such humble trade. He immediately got in touch with his Arabian contacts, offering to export spices, sugar and other Indian commodities at very low prices. Dhirubhai chose to deal in bulk and as the orders started coming in, Reliance Commercial Corporation was born. Excellent service was its hallmark and trust became an important factor when people traded with Reliance.
Late in the 1990 Dhirubhai Ambani embodied all of the revolutionary capitalism that sympathetic and impatient analysts within the prevailing Western paradigm believed was lurking inside the Indian economy. Therefore he had many other patronizing and hard to believe, acknowledgements that still lay in the seats of success. The Ambani’s contain a bigger story about modern India. Not only as an economic powerhouse, but about the complicated links between government and big business. Dhirubhai Ambani was a rag-to-riches tycoon. He was brought out of Bombay’s crowded bazars and pavements, taken to the cities extravagantly wealthy circles with other business tycoons. Prior to his arrival, India’s big business scene was dominated by few industrial houses from British times.
Ambani’s Reliance, the company
Ambani’s Reliance has risen to rival these houses in just 26 years, by the day of its foundation. Now this company holds over more than 2 million benevolent investors. It is so large now that it needs to invest in movies and sponsor products. And yet with this widen scheme, comes the intricate political connections. Seeing drastic change in in such people, who are caught up by dirty streets, is applicable to understand the amount of hard-work they put in to eat a good feast.
His sons Anil and Mukhesh presciently are proud to be brought up by a man like Dhirubhai. Dhirubhai yet faced a lot of problems resulting to censure talks about him, but yet again men like him never believed in failure. Dhuribhai had to deal with political deluges; he thought was a relief than these forerunner political deluges. He was hedonist in character and loved what he did. With Reliance increasing, its turnover of $13 million in the mid-1970s went up to be $14 billion empire in 2002.
By the time Dhirubhai died, in 2002, his sons Mukesh and Anil had taken over the charge of Reliance. On the other hand, Dhirubhai had become a national hero. Such surprised, asymmetrical outcomes of people who have been staying in enervating hometowns, is a clear motivation for those who really are keen to change theirselves.