Dhirubhai Ambani – Founder of Reliance Industries Ltd.
Dhirubhai was born in a Chorwad village, Gujarat, India in 1932 to a middle- class family. His father was a school teacher. However, he failed to pass his school exams in the first attempt. He earned his first money as child selling snacks to pilgrims over weekends. At the age of 17, he left his hometown for Aden (now Yemen) to work with A. Beese & Co. He worked for Shell, as petrol pump attendant (“Dhirubhai”, 2008). After nine years he back to India in 1957 with a dreams to start his own business. He setup a small trading venture named Reliance Commercial Corporation. At first he started trading spices and then yarn, polyester and petrochemicals. Later, he ventured into oil and gas refining and oil exploration, building a multibillion dollar corporation. He started a trading house with just $ 350 (15,000 Indian Rupees) and within a short period, he was the largest polyester trader in the country. The company went public in 1977. He convinced the middle class community to invest in the company and rewarded them, too. Within a span of 25 year, he put the company in the Fortune 500 list. The Reliance group’s track record of continuous growth is unparalleled in the Indian industry. Today, the company’s turnover represents nearly three per cent of the Indian GDP (Krishnamurthy, 2007). He followed the simple philosophy: “Think big, Think fast and think ahead; Ideas are no one’s monopoly” (Krishnamurthy, 2007, p.37). He remained the same in all 69 years of life reflecting a continuous remarkable leadership style. Leadership styles and its impacts:
Dhirubhai, without any management or technical degree, had shown his own leadership style through traditional but very efficient way. I like this leader because of his unusual theory of doing business which made him so successful. His visionary style to anticipate future was rarely seen. His leadership style and its impact played a very...
References: Dhirubhai Ambani rags-to-riches business tycoon (2008). Message posted to http://rajesshcherian.wordpress.com/2008/11/15/dhirubhai-ambani-rags-to-riches- business-tycoon/
Krishnamurthy, A. G. (2007). Dhirubhaism. New Delhi: Tata McGraw-Hill Publishing Company Ltd.
Reliance Industries Ltd. (n. d.). Awards and Speeches. Retrieved on January 27, 2009 from http://ril.com/html/aboutus/awards_speeches.html
Please join StudyMode to read the full document