Dhirubhai Ambani- An Entrepreneur of Unmatched Caliber
Dhiraj Hirachand Ambani, popularly called Dhirubhai, is a well-known entrepreneur who introduced equity cult in India. He was the first businessman who generated capital for his company by issuing a public offer way back in 1977. He made common people a part of his company, and called them not just ordinary shareholders, but decision-makers of his company. This strategy helped him to attract more and more investments for his company.
Dhirubhai Ambani used the capital to diversify his business from textiles to petrochemicals, telecommunications, infrastructure, information technology, capital markets, power, energy, logistics and retail. Diversification generated more profits, which not only made his investors happy, but also served to attract more investors.
Under his able leadership, in a short period of time, Reliance Industries became the biggest private sector company of India, and Dhirubhai Ambani became the richest man of the world. His rags to riches story attracted criticism from all quarters. Noteworthy among them is the tussle with Nusli Wadia, the owner of Bombay dying and a direct competitor of Ambani. Despite of all obstacles, challenges and criticisms, Dhirubhai Ambani continued to excel and move ahead. He is an inspiration for all those entrepreneurs who wish to leave their mark.
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