Dhirubhai Ambani Success Story, Dhirubhai Ambani knew the skill of earning money from soil, built Reliance’s huge empire from ₹ 500 and three chair office – how dhirubhai ambani started reliance’s huge empire from rs 500 and with three chair
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Importance of family along with work
The business was in its initial stages, so he had to work for 14-15 hours. But whatever time he got, he used to spend with his family. He neither liked partying nor roaming around. He used to give all the time after work to the family. He changed the name of his company thrice and in the year 1977 it finally named Reliance Industries. In the year 1977, he decided to bring India’s first IPO. Dhirubhai Ambani was an expert in taking risks. Dhirubhai Ambani with a strong personality started making money with money. He had a good understanding of the stock market. Reliance was the first company that had to book a stadium for its annual meeting. The company continued to grow on the basis of Dhirubhai’s faith. He died on 6 July 2002. After his departure, Reliance Industries was divided between Mukesh Ambani and Anil Ambani.
Office opened with three chairs
He rented a 350 sq ft room in Mumbai for his new company Reliance Commerce Corporation. Started work in office with one table, three chairs, writing pad. In the year 1966, he started a textile mill in Ahmedabad, Gujarat, named ‘Reliance Textiles’. Gradually he started the business of plastic, magnum, petrochemical, power generation. The space was getting less compared to the work. He took a big office in Mumbai.
earned by selling soil
The skill and understanding of business within Dhirubhai Ambani can be gauged from the fact that he earned by selling soil to an Arab sheikh. The sheikh of Arabia wanted roses in his garden. That’s why they needed special soil. As soon as Dhirubhai Ambani came to know about this, he sent soil from India for Sheikh. In return, Sheikh gave him the asking price. Dhirubhai now started textile business after spices. He started the business of exporting polyester. He launched his first brand Vimal.
Starting from Rs 500
He reached Mumbai with 500 rupees. He started the Reliance Commercial Corporation company with the help of his cousin Champaklal Dimani. He already had the understanding of business. With the help of his company, he started selling ginger, turmeric and other spices in western countries. Dhirubhai Ambani had entered the business. He had a good knowledge of the market and demand. He had understood that the demand for polyester clothes is going to increase in the coming days. He always thought ahead and then started business.
Started by selling knots
Dhirubhai Ambani was born on 28 December 1933 in a small town in Gujarat. His father was a simple teacher while his mother was a housewife. The entire family lived in a two-room house with five siblings. To help the family financially, Dhirubhai Ambani started selling ganthia. He used to sell bales near Girnar hills. Used to hand over two earnings from that to the mother. After passing 10th, he went to Yemen in the year 1949 with his brother Ramniklal. There he got a job at a petrol pump. He got his first job on a salary of Rs.300, but seeing his hard work and hard work, the petrol pump owner made him the manager. Dhirubhai’s mind was not engaged in the job. He always wanted to do business. He returned to the country with the savings that were left.
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