7 less known facts about Indian business tycoon Dhirubhai Ambani

Reliance, a multinational company that grabbed the world’s attention towards India. This firm was built and revolved as the biggest brand by, Dhirubhai Ambani. He initially co-founded a company, Reliance Commercial Corporation in 1960 and later took over as Reliance Textiles Pvt. Limited and then to Reliance Industries Limited. Here are a few unknown facts on how a small town industrialist made it to the International platform.

Real name

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Just hearing to the name ‘Ambani’, all the services provided by reliance, pass the mind, that’s the strength of brand recognition. Well, Dhirubhai Ambani’s complete name is Dhirajlal Hirachand Ambani, who was born to a school teacher in Chorwad in Junagadh city of Gujarat.

First encounter as an entrepreneur

People think one must start something big and expensive to be defined as an entrepreneur. But, Dhirubhai Ambani proved it wrong, as he first sold chaat-pakoda to pilgrims at Mount Girnar in Gujarat. He developed the skill of sales and marketing through a small outsell.

First to introduce the concept of conglomerate market

Today, the conglomerate industry is the most common type of business adapted and run across the globe. Well, Dhirubhai Ambani mastered the art of conglomerate marketing with the vision and objectives of the oil-to-textile-to-retail-to-telecom coalition.

Introduced IPO culture in India

Initial Public Offering or IPO refers to a process where a company irrespective of its the establishment years, size and type of business, can declare itself public and sell off stocks in the general public. This was widely introduced and well-constituted in India by Dhirubhai Ambani.

Incredible leader

A great leader is the strength of the company, as he can guide and turn every disadvantage to its profit. Dhirubhai Ambani was a profound leader who took Reliance Industries Limited to the list on the Bombay Stock Exchange before the formation of India’s benchmark equity indicator Sensex.

Padma Vibhushan awardee

Dhirubhai Ambani was honored with Padam Vibhushan, India’s second-highest civilian honor, in 2016, for his remarkable and prominent service to trade and industry.

Unpublished biography

In 1998, Hamish McDonald published Dhirubhai Ambani’s autobiography, title- ‘The Polyester Prince’. But, was not allowed to sale because of the legal threats by the Ambani’s. There is no follow up of the incident so far.

Dhirubhai Ambani has set an example in the industrial world and proved that nothing defines as small until we decide to venture it to the highest level.