Besides being the birthday of Tata Group¡¯s former chairman Ratan Tata, December 28, also marks the birth anniversary of Reliance Industries¡¯ founder Dhirubhai Ambani.?
Born on December 28, 1932, Dhirubhai Ambani?set up Reliance Industries in the year 1958. His vision and business acumen still serve as an inspiration to millions around the world, making people believe in dreaming big and working towards turning them into reality.?
So, on Dhiribhai Ambani¡¯s birth anniversary today, here are 10 quotes by the Reliance Industries¡¯ founder which surely continue to serve as an inspiration for many.
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Being the second son of a school teacher, Dhirubhai was born in 1932 in the village of Chorwad inGujarat. Driven by hardship and want, hehad to drop out of school early.In 1949, at the age of 17, he went to Aden (now Yemen) in search of opportunity and worked asa dispatch clerk for A. Besse & Co. A couple of years later, the company became a distributor forShell products and Dhirubhai was promoted to manage the company¡¯s oil-filling station at the portof Aden.?
It was here that he dreamed of setting up and owning a refinery, which he later realisedwith his petrochemicals venture.He returned to India in 1958 to launch his first business venture, a spice trading company namedReliance Commercial Corporation.In 1962, Dhirubhai identified an emerging opportunity in yarn trading and shifted to the newbusiness. Three years later, he changed the name of his company to Reliance Textile IndustriesLimited.?
Then in 1966, he purchased land in Naroda, Gujarat, to set up a textile mill. In 1975, a technical teamfrom the World Bank recognised the Naroda mill as one of the best composite textile mills in Indiaand certified it as ¡®excellent even by developed country standards¡¯.In 1977, the company went public through an IPO.
Dhirubhai Ambani is widely regarded as the father of India¡¯s capital markets. In 1977, when Reliance Textile Industries Limited first went public, the Indian stock market was a place patronised by a small club of elite investors which dabbled in a handful of stocks.?Undaunted, Dhirubhai managed to convince a large number of first-time retail investors to participate in the unfolding Reliance story and put their hard-earned money in the Reliance Textile IPO, promising them, in exchange for their trust, substantial return on their investments. It was to be the start of one of the greatest stories and turned into a foundation towards the Rs 17 lakh crore market cap firm that Reliance Industries has become.
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