July 06, 2020

Dhirubhai Ambani, the founder of Reliance, used to sell Bhajiya for the financial help of the family, left his studies after tenth

Dhirubhai Ambani death anniversary 

Dhirubhai Ambani was the third son of school teacher Hirachand Govardhandas Ambani in Chorwad, a small village in Gujarat.
New Delhi, Business Desk. Today Reliance Industries Limited (RIL) ranks among the world's giants. You will be surprised to know that the person who started this company used to sell bhajiya to pilgrims at some time and due to financial constraints he had to leave his studies after tenth. Reliance founder Dhirubhai Ambani has told the world that to build a big business neither big degrees are needed nor to be born in a rich house. If there is a passion to do something, then the person can reach anywhere.
Today is the death anniversary of Dhirubhai Ambani. He was born on 28 December 1932 and died on 6 July 2002. Dhirubhai was the third son of Hirachand Govardhandas Ambani, a school teacher in Chorwad, a small village in Gujarat. Dhirubhai's family was financially weak, so he started helping the family financially from childhood. Dhirubhai used to sell Bhajiya near the hills of Girnar to help the family financially. Their income here depended on the number of pilgrims.
Dhirubhai had moved to Yemen at the age of 17 to his elder brother Ramniklal for a job, but Dhirubhai had big dreams. He returned to India and started his business journey from Mumbai. When he came to Mumbai in the year 1958, he brought a little money with him. Together they brought the address paper of the son of a Gujarati shopkeeper from Adan living in a chawl in Mumbai to share a room with him. Apart from this, he did not know anyone in Mumbai.
After reaching Mumbai, Dhirubhai started to do some business with his small savings. They also went to Ahmedabad, Baroda, Junagadh, Rajkot and Jamnagar in search of trade. They felt that with less capital, they could set up shop for grocery, clothes or motor parts etc. at these places. This shop could give them a steady income, but it was not what they were looking for. They had to grow fast.
He came back to Mumbai. Put his wife, son and himself in a two-room chawl and opened an office named Reliance Commercial Corporation and launched himself as a spice merchant. His office had a table, two chairs, a writing pad, a pen, an inkpot, a pot for drinking water and some glasses. There was no phone in his office, but he used to pay his doctor to pay his money. From day one, Dhirubhai started roaming the Mumbai wholesale spice market and collected quotations of various products for bulk purchase on the condition of immediate down payment.
After some time they felt that if they trade yarn instead of spices, then it will be more beneficial. He started a textile manufacturing unit in Naroda. From here he never looked back. He worked hard day and night and took Reliance to new heights. Dhirubhai started the business in 1959 with only Rs 15,000 and at the time of his death, the gross assets of Reliance Group had reached 60,000 crores. Today Reliance Industries Limited has become a company of Rs 11.5 lakh crore.

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