Dhirubhai Ambani
Indian businessman who founded Reliance Industries in 1958.
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He was born on 28 December 1932 in Chorwad, Gujarat, to a village school teacher.[1] For his contributions to trade and industry, the Padma Vibhushan, India's second-highest civilian honour, was awarded to him posthumously in 2016.[2]
Key facts and history
In 1965, Ambani ended his partnership with Champaklal Damani and started on his own.[3] In 1958, Ambani came back from Aden to attempt starting his own venture within India's textile sector.[4] Through a partnership named "Majin", he brought polyester yarn into India and sent spices to Yemen.[5][3] Following a second stroke, he was taken to Breach Candy Hospital on 24 June 2002 and passed away at age 69 on 6 July 2002.[6]
By 2017, the workforce at Reliance Industries numbered over 250,000.[7]
What the cited sources add
A Rediff.com article notes that Ambani commented, "My success is my worst enemy," during his fight with Indian Express proprietor Ramnath Goenka.[8] The same source reports that in March 1982, a bear raid on Reliance shares was countered by friendly brokers buying up shares.[8] A Times Now article states that Ambani landed in Bombay in 1958 with just Rs 500 and no connections.[9] The same article reports that Forbes ranked him the world's 138th-richest person at his death, with a net worth of $2.9 billion.[9]
A Business Line article notes that Anil Ambani described his father as "the greatest entrepreneur and wealth creator in the history of India".[10] During 1982-83, non-resident Indians invested more than Rs 220 million in Reliance, a fact announced in Parliament by Finance Minister Pranab Mukherjee.[8]
References
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: C.A. Hemant, "A to Z of Entrepreneurship: A to Z of Entrepreneurship", Panchasil Prakashan, 2014, p. 12; "Dhirubhai Ambani", 5 May 2024 (original not read by us) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: "Dhirubhai Ambani Biography, Accomplishments, & Facts Encyclopædia Britannica", britannica.com; "Dhirubhai Ambani death anniversary: 3 lesser-known interesting facts about the business tycoon", Times Now, 6 July 2020; "Dhirubhai Ambani to be given Padma Vibhushan award posthumously.", Business Line, 27 March 2016; "Padma awards 2016 declared: Anupam Kher, Rajinikanth, Vinod Rai, Sania Mirza honoured among others", dnaindia.com, 25 January 2016 (we also read that source) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: Giridharadas, "Indian to the Core, and an Oligarch", The New York Times, 15 June 2008 (original not read by us) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: "ambani and sons by hamish mcdonald" (original not read by us) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: Ambani: From a petrol pump attendant to Reliance owner | Arab News – Saudi Arabia News, Middle East News, Opinion, Economy and more. Arabnews.com (2 November 20 (original not read by us) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: "Reliance chairman Dhirubhai Ambani dead". The Times of India. (7 July 2002). Retrieved 28 July 2013.; "Dhirubhai, R.I.P", outlookindia.com, 2022-02-03 (we also read that source) en.wikipedia.org
- Wikipedia, "Dhirubhai Ambani" (CC BY-SA 4.0), which cites: Pandey, "Indian Oil, Reliance Industries in Fortune 500 companies list", The Times of India, 9 July 2012 (original not read by us) en.wikipedia.org
- "rediff.com: For this fighter, life was a big battle", Rediff.com. facts only, no text reused. in.rediff.com
- "Dhirubhai Ambani death anniversary: 3 lesser-known interesting facts about the business tycoon", Times Now, 6 July 2020. facts only, no text reused. timesnownews.com
- "Dhirubhai Ambani to be given Padma Vibhushan award posthumously.", Business Line, 27 March 2016. facts only, no text reused. thehindubusinessline.com
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Dhirubhai Ambani (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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Sources
Compiled from Wikipedia and the sources listed below. Text from Wikipedia is available under CC BY-SA 4.0; this entry is adapted from it.
- Wikipedia: Dhirubhai Ambani (CC BY-SA 4.0).
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