Success of Dhirubhai Ambani

Y.C.N.BABU

28th december , 1932

• A legend was born to Jamunaben and Hirachand Ambani-a school teacher at Chowrad village in Saurashtra , Gujarat.

1947

• Sailing the seas at the young age of 17, Dhirubhai reached Aden ( now a part of Yemen) and worked for A.Besse co ltd. The sole distributor for Shell

• He dreamt of setting up a bigger and better refinery back home in India- which is now Reliance petroleum

1958

• Returned to India –Mumbai and started his first company

• Reliance commercial corporation, a commodity trading and export house

1966

• Working his way around Mumbai”s Mulji jetha Market, buying and selling yarns in blazing afternoon sun.

• He finally found a meagre finance to purchase manually operated knitting machines for Naroda textile unit.

• The first step in his highly successful backward integration strategy.

1975

• From early days Dhirubhai focus was on creating the “State of the art world class plants”

• World bank certified that Reliance”s textile plants was Excellent by developed country standards----ONLY VIMAL

1977

• Reliance went public with IPO

• Dhirubhai introduced a equity cult in India

• A new model of business leadership from a base of the broadest public shareholding

1982-88

• Reliance succesfully commissioned polyster manufacturing facility at Patalganga.

• Another step in backward integration

1991

• Reliance commisioned phase-1 of Hazira petrochemicals complex.

• Consolidated its position in polysters

• Entered into attractive polymers business

1992

• Reliance raised US$ 150 Million by pioneering foray into overseas capital markets.

• First ever International GDR offering by an Indian corporate

1993

• Pioneered the first ever Euro convertible bond issue by an Indian company for US$140 Million

• Reliance raised Rs 2172 crores from the domestic capital market for setting up a world class and world large scale refinery at Jamnagar, Gujarat

• The largest ever public offering by any Indian corporate.

1994

• Reliance made the single largest GDR issue aggregating US$ 300 Million

• Dhirubhai Ambani was chosen as a “Businessman of the year-1993” by Buisness india magazine

1995

• Reliance became the first private sector company to be rated by “International credit rating agencies”

• Reliance became the first private sector company from India to raise US$ 300 Million in the international debt market in two landmark transactions

1996-97

• Reliance tapped the US debt market with 5 yankee bond issue for a total of over US$ 600 Million

• The maturities for these issues were right across the yield curve ranging from 10-100 years

1996-98

• Reliance completed phase-ii expansion of Hazaria petro chemicals complex including worlds largest multifeed cracker with an investment of over 9000 crores(US $2.5 billion)

• This increased Reliance production capacity fourfolds to more than 6 million tonnes per annum

1998

• Dhirubhai Ambani was awarded the Deans medal by the Wharton school, University of Pennsylvania-USA, for setting an outstanding example of Leadership

• Dhirubhai Ambani was chosen as a “Star of Asia “ by Business week, USA

1999-2000

• Integrated Jamnagar complex comprising worlds largest grassroots refinery with a capacity of 27 MTPA, petrochemicals, power, and port commissioned with a total investment of Rs 25000 crores(US $ 6 Billion)

• This represents the largest industrial investment ever made by an Indian group at any one location.

2000

• Reliance consolidated its position as the single largest shareholder in BSES.

• Indias leading power utility company• Reliance announced its Infocom foray with a

capital outlay of upto Rs 25000 crores( US$ 5 Billion) addresing entire telecom market in India with a national foot print

• Dhirubhai Ambani was voted as “Creator of Wealth” of the century in The Times of India poll

2000

• Dhirubhai Ambani was confered the “Indian Entreprenur of the 20th century” award by FICCI for meticulous scripting of one of the most remarkable stories of business endeavour of the 20th century.

• Dhirubhai Ambani was felicitated by the Municipal corporation of Greater Mumbai at a civic reception

2001

• RIL and RPL become Indias two largest companies in terms of all financial parameters

• Dhirubhai Ambani was conferred , The Economic times Award for Corporate Excellencefor Lifetime Achievement

2002

• RPL merges with RIL, the largest ever merger in India

• The merger gives RIL the distinction of becoming Indias first private sector company, in the internationally rated, Fortune Global 500 list of the Worlds largest corporations

• Reliance rated as “Indias most admired business house” for the second consecutive year in the Business Barons-Taylors nelson sofres-Mode survey

2002-contd

• Reliance acquires IPCL- Indias second largest petrochemicals company.

• Consolidates its position in the petrochemicals business.

Dhirubhai .H. Ambani28th Dec1932—6th July 2002

• Our dreams have to be bigger

• Our ambitions higher

• Our commitment deeper

• And our efforts greater.This is my dream for Reliance and for India

• Relationship and Trust this is the foundation of our growth

Dhirubhais Mantras

• Growth has no limit at Reliance, I keep revising my Vision only when you dream it You can do it

• Give the youth a proper environment. Motivate them. Extend them the support they need. Each one of them has infinite source of energy. They will deliver

• Don’t give up, courage is my Conviction.

Dhirubhais Mantras--contd

• “If you work with determination and with perfection, success will follow”

• “think big, think fast, think ahead. Ideas are no ones monopoly”

• “Meeting the deadlines is not good enough,beating the deadlines is my expectation”

• “You do not require an invitation to make profits” • “We bet on people”• “Pursue your goals even in the face of difficulties and

convert adversities into opportunities”

How do eminent personalaties remember Dhirubhai?

• Devotion• Sincerity• Symbol of encouragement and inspiration• Enduring friendships• Clarity of vision• Sheer foresight, commitments, dedication and hard

work• Greatest industrial architect• Aspiring entrprenur• Passion for excellence

How do eminent personalities remember Dhirubhai ?--contd

• Dedication• A great beacon of the industry• Great visionary,innovator and an entrepreneur of an

extraordinary ability• Indomitable persistense• Source of inspiration• “Can do attitude”• “A man who dared to dream”• Gods angel• A truly Global indian

How do eminent personalities remember Dhirubhai?--contd

• Admirable Human qualities• One of the greatest businessman in indian industrial

history• An embodiment of Initiative,enterprise and

determination• Sun of the Indian industry• The greatest achievement by any human• Everest of indian industry• Flame of entrepreneurial spirit• Acute business acumen

How do eminent personalities remember Dhirubhai?--contd

• Pioneer of the Equity cult

• An epitome of Humility and Simplicity

• “MESSIAH”