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Achievements: Dhirubhai Ambani built India's largest private sector company. Created anequity cult in the Indian capital market. Reliance is the first Indian company to feature inForbes 500 list

Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is

reminiscent of the rags to riches story. He is remembered as the one who rewrote Indiancorporate history and built a truly global corporate group.

Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, atChorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambanistarted his entrepreneurial career by selling "bhajias" to pilgrims in Mount Girnar over theweekends.

After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He workedthere as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958with Rs 50,000 and set up a textile trading company.

Assisted by his two sons, Mukesh and Anil, Dhiru Bhai Ambani built India's largest privatesector company, Reliance India Limited, from a scratch. Over time his business hasdiversified into a core specialisation in petrochemicals with additional interests intelecommunications, information technology, energy, power, retail, textiles, infrastructureservices, capital markets, and logistics.

Dhirubhai Ambani is credited with shaping India's equity culture, attracting millions of retailinvestors in a market till then dominated by financial institutions. Dhirubhai revolutionisedcapital markets. From nothing, he generated billions of rupees in wealth for those who puttheir trust in his companies. His efforts helped create an 'equity cult' in the Indian capitalmarket. With innovative instruments like the convertible debenture, Reliance quickly becamea favorite of the stock market in the 1980s.

In 1992, Reliance became the first Indian company to raise money in global markets, its highcredit-taking in international markets limited only by India's sovereign rating. Reliance also

became the first Indian company to feature in Forbes 500 list.

Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federationof Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times ofIndia in 2000 voted him "greatest creator of wealth in the century".

Dhirubhai Ambani Biography

Mohandas Gandhi and Dhirubhai Ambani were the two most famous scions of the ModhBania, a Hindu commercial caste based in the arid Saurashtra peninsula of India's westernGujarat state. The Mahatma idealized traditional village ways, passive resistance, andhomespun cotton. Ambani, a billionaire industrialist, preached prosperity to a burgeoningIndian middle-class via a business empire built on polyester.

Each changed India. Ambani's public wore his textiles as durable suits and glittery saris.Indians

invested by the millions in his Bombay-listed Reliance Industries, a sprawling conglomeratewith

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$12.3 billion in annual sales that recently became India's first privately owned entrant to theFortune 500. When Ambani died on July 6 at age 69 after nearly two weeks in a stroke-inducedcoma, the country's media recounted his rags-to-riches life as an Indian morality play.

Dhirubhai Ambani, Indian businessman, was born in Chorwad, Gujarat, on December 28,1932.He died in Bombay on July 6, 2002, aged 69. Dhirubhai Ambani is survived by his wife, twosonsand two daughters. His two American-educated sons have been in day-to-day control of thecompany since he suffered a stroke in 1986. He suffered a further stroke 12 days ago fromwhichhe never recovered.

Dhirubhai Ambani - Entrepreneur who built up the only Indian business to feature in theForbes

500 One of Indias most dynamic and flamboyant entrepreneurs, Dhirubhai Ambani was headofthe multibillion-dollar Reliance group of industries with extensive interests in textiles,

petrochemicals, energy and telecommunications. Combining a keen sense of business with arazor-sharp ability to negotiate his way through the labyrinth of the Indian politicalestablishment,Ambani single-handedly built a business empire that in just three decades outgrew corporatehouses such as the Tatas and Birlas which had dominated the countrys industrial landscape

fornearly a century.

Reliance is the only Indian private company to make the Fortune 500 list of the worlds

largestcorporations, and Ambani was listed by Forbes as the 138th richest person in the world thisyear.

The son of a petty trader from a remote village in rural Gujarat, Dhirajlal Hirachand Ambaniknown as Dhirubhaimoved to Aden as a teenager in order to seek his fortune. He startedworkas a petrol station attendant before taking up a clerical position for an oil company that was

thesole distributor of Shell products there. While in Aden, home to many Gujarati expatriates, herealised that a discrepancy between the rial-sterling exchange rate and the intrinsic value ofthesilver content in Adens coinage afforded an excellent opportunity to make money. Thisarbitragegenerated some $3,000 in seed money for the modest trading enterprise that Ambani set upwhen he returned to Bombay in 1958.