Dhirubhai Ambani was an Indian businessman who founded the Reliance Industries Limited, a conglomerate with interests in sectors such as petrochemicals, textiles, and telecommunications. He is widely regarded as one of the most successful and influential entrepreneurs in the history of modern India.
Ambani was born on December 28, 1932, in a small village in Gujarat, India. He came from a humble background and received limited formal education. In 1958, he started his career as a clerk in an oil company in Yemen. He worked hard and saved money, and eventually started his own business importing polyester yarn to India.
In 1966, Ambani founded Reliance Industries Limited with a capital of just INR 15,000 (about $215 at the time). He built the company from the ground up, starting with a small textile mill in Gujarat and expanding into other sectors such as petrochemicals and telecommunications.
Ambani was known for his aggressive business tactics and his ability to spot and seize opportunities. He pioneered the concept of backward integration in India, in which a company produces its own raw materials rather than relying on external suppliers. This helped Reliance Industries to grow rapidly and become one of the leading businesses in India.
Ambani was also known for his philanthropy and his commitment to social causes. He established a number of foundations and trusts to support education, healthcare, and other initiatives for the benefit of the poor and underprivileged.
Ambani passed away on July 6, 2002, but his legacy as one of India’s greatest entrepreneurs lives on. His company, Reliance Industries, continues to be a major player in the Indian economy and is one of the most valuable publicly traded companies in the country.