RAGS - TO - RICHES STORY OF DHIRUBHAI AMBANI

Dhirubhai Ambani came to the city of Mumbai with just 500 rupees, And left the world by forming a company of 75000 crores.

           It is said about Dhirubhai Ambani that when he came to Mumbai from a small town in Gujarat, he had only 500 rupees. Later, he created an empire worth billions of rupees.

           If you don't weave your dream yourself, someone else will keep you to fulfill your dreams. It belonged to Dhirubhai Ambani, a prominent businessman and chairman of Reliance Industries. Dhirubhai Ambani is among those businessmen who dream on their own and fulfill them and get their iron in front of the whole world. Dhirubhai Ambani is said to have changed the way business is done in India.Dhirubhai Ambani is said to have changed the way business is done in India. No one was aware that a bhajiya seller would be among the richest people in the world. We are going to tell you that the story of Dhirubhai.

Dhirubhai became a business tycoon selling fried food

           Dhirajlal Hiralal Ambani alias Dhirubhai Ambani was born (28 December 1932) in the family of a very modest teacher from Gujarat. He had only studied up to high school, but on his determination he established his own huge business and industrial empire. In its early days Dhirubhai Ambani used to sell fried food to the pilgrims coming to Mount Girnar in Junagadh, Gujarat.After this, in the city of Aden, Yemen, ‘A. Worked with Bessie and Company 'at a salary of Rs. 300 per month. He later returned to India.

Arrived in Mumbai just 500 rupees

         It is said about Dhirubhai Ambani that when he came to Mumbai from a small town in Gujarat, he had only 500 rupees. Later, he created an empire worth billions of rupees. In the year 1966, Ambani set up the first textile mill in Naroda, Gujarat. Probably set a world record in setting up a 10,000 tonne polyester yarn plant in just 14 months. The mill proved to be the turning point for him.After which he transformed it into a big textile empire and launched his own brand Vimal. Due to financial troubles Dhirubhai could not study beyond 10th, but he knew well how to do the stock market in his favor. Even well-known market experts could not stop him from ruling D-Street.

70 crore to 70 thousand crore journey

         Dhirubhai Ambani could take Reliance Industry to this level only on the strength of his hard work and vision. In 1976, a company of 70 crores became a company of 75000 crores in the year 2002. This tremendous growth of the company made it a place among the 500 companies of the world. Reliance is the first Indian private company to do so. In 2006, Forbes had ranked Dhirubhai 138 on the list of world's richest people. His wealth at this time was $ 2.9 billion. Dhirubhai Ambani died on 6 July of the same year.

How Mukesh Ambani increased his penetration in the digital market with his father Dhirubhai's learning and strategic decisions

          Many believe that a huge investment in a competitive business like telecom can never give a suitable profit, but Mukesh Ambani has proved them wrong by doing one-by-one deals.It was once said and there was some truth in it that what is good for General Motors is also good for America. It was similar to this in India (though there was not much truth in it) that what is good for the Birla brothers is also good for the country. However, all this is now history. Today GM does not sell as much of its cars in China as it does in its own country and the Birla brothers have been divided. His proud place has been taken by Mukesh Ambani.

        The deals that Mukesh made during the last one month have become headlines around the world. He earned Rs 78,500 crore (more than $ 10 billion) by selling his stake in Reliance Industries subsidiary Jio Platforms in five parts i.e. 'Stake Sales'.The most recent deal is that of its giant digital company, which went for $ 65 billion. Meanwhile, the mother company Reliance is going to issue the rights issue, which seems comparatively small, but will be the largest ever issue of 53,000 crores in India. The other 'steak cells' are in different stages. The deal for the telecom tower business will be Rs 25,000 crore, earning 49 percent stake in Petroleum Marketing to BP company and earning Rs 7,000 crore.If the $ 15 billion deal of 20 percent 'stake sale' in the oil and petrochemical business was with Saudi company Aramco, it would be the largest cash deal ever with an Indian businessman. Mukesh has set a goal of raising $ 20 billion and getting debt-free will be achieved at the speed of Usain Bolt.

        Despite investing around $ 40 billion in telecom and related businesses, he can have a surplus of cash. The total value of Reliance in the market is believed to be around 10 trillion rupees ($ 127 billion).Many believe that a huge investment in a competitive business like telecom can never give a suitable profit. But Mukesh Ambani has proved those people (including this writer) wrong by doing one-on-one deals now, along with his ability to make predictions about the future and implement plans. the game is on. He has appointed Mark Zuckerberg as an e-commerce partner to compete against Walmart-Flipkart and China's Alibaba.

The variety of experiments he has done with his giant venture and the kind of imagination he has shown is rarely exemplified in the business world. A change in the journey that its founder and Mukesh's father Dhirubhai Ambani started with the synthetic textile company in the 1970s came when Dhirubhai approached Mukesh from Stanford to help him set up huge petrochemical factories in Patal Ganga and Hazira Was called back.After this, taking a great step in the field of technology, the world's largest and complex refinery was built, in which even the worst type of crude oil can be refined, that too at the best margin in the industry.

        Despite this, the business always relied on favorable government policies even after achieving efficiency in terms of cost-benefit. The son often listened to his father narrate the story of how the head of a family had to feed a Brahmin, then a cow, a pet dog and a crow who came close to the food plate before eating himself. This story was more applicable to products like PVC or polyester threads, in whose case government policies on taxes, tariffs, licenses etc. can revive or kill businesses.In Dhirubhai's case policies were generally (not always) favorable. So it was joked about how an Arab sheikh wanted to buy an AI hostess and when he was told that he belonged to AI, he offered to buy the entire AI and if he was a government company, he would Government would like to buy only. He was then told that the government had been sold to Dhirubhai.

        Government is not important in the business of brand and technology. They do not have a role in consumer choice and government policy in building franchisees, of course, policies help (eg, in preventing rivals). Therefore, Mukesh is giving a new direction to his company. His initial entry into the retail sales market was a mess, but his strategy changed.The initial initiative in telecom was a flop in terms of marketing. By the way, it had to be handed over to younger brother Anil. Finally, today is the ubiquitous Jio, with 38.5 crore customers as their major capital. Reliance, which once made saris, has been given a new birth again. Whether the government has been in Dhirubhai's pocket or not, his son definitely wants to keep the market in his pocket.