Here are some interesting facts about the late business tycoon, Dhirubhai Ambani's life that speaks volumes about him as a person and entrepreneur.
Dhirubhai Ambani is an iconic figure in the history of Indian business. The late entrepreneur was born on December 28, 1932, in a small village in Gujarat. Despite facing financial constraints during his upbringing, it was Dhirubhai Ambani’s unshakable determination and thirst for entrepreneurial success which led him to explore various small businesses.
For the uninitiated, Dhirubhai Ambani began his journey as an entrepreneur with a textile trading company, which laid the foundation of Reliance Industries. The late entrepreneur’s visionary approach and the courage to take decisions that were way ahead of their time, simply revolutionised the Indian business landscape.
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As of now, Reliance Industries is a powerhouse in sectors such as petrochemicals, refining, and telecommunications. Not only this, under the leadership of Dhirubhai Ambani’s son, Mukesh Ambani, the company continues to spread its wings in other untouched sectors. Well, the inspirational success of Reliance Industries Limited needs no introduction, but there are some interesting hidden facts about Dhirubhai Ambani that every entrepreneur needs to know. So without further ado, let’s explore them.
It was in 1958 when Dhirubhai Ambani founded Reliance Industries, which is now a global conglomerate. However, right from the beginning, he had this one philosophy about his business module like how he wanted to approach the operations. Dhirubhai Ambani's business acumen was mostly focused on backward integration, allowing Reliance Industries to have control over the entire supply chain.
Dhirubhai Ambani revolutionised the Indian business sector by introducing the concept of equity financing, which opened up opportunities for public participation in the company's growth. It was a tremendous decision back then, which also allowed the public to have some sort of connection with the company.
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The late business tycoon, Dhirubhai Ambani always prioritised philanthropic endeavours. The entrepreneur always showcased his deep commitment to make a positive difference in society through his philanthropic works. In order to give it back to society, Dhirubhai Ambani established the Dhirubhai Ambani Foundation, which focused on key areas such as education, healthcare, and rural development.
Through various initiatives, including educational institutions, scholarships, healthcare facilities, and rural development programs, Dhirubhai Ambani aimed to uplift underprivileged communities and create job opportunities for those in need. Even after his sad demise, Dhirubhai Ambani's philanthropic legacy continues to touch the lives of millions, courtesy of his sons, Mukesh Ambani and Anil Ambani, who are taking the legacy of their father upwards and forward.
One thing is common between all the great entrepreneurs in the world, and that is the beautiful connection they share with their employees. Dhirubhai Ambani also followed the same during his entrepreneurial journey. The iconic businessman always termed his employees as his family, as he was well aware of the fact that they were the backbone of his company.
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The late entrepreneur, Dhirubhai Ambani was renowned in the business world for always being respectful towards his employees. Dhirubhai Ambani’s son, Mukesh Ambani also believes in the same concept and time and again, we have seen him focusing on building a family-like relationship with his employees. It is one of the biggest factors why Reliance Industries Limited didn’t collapse after the demise of Dhirubhai Ambani, as his son, Mukesh followed in his father’s footsteps.
Well, we are in love with the values and principles of Dhirubhai Ambani. What do you think about the same? Let us know.
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