Think big, think fast, think ahead

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Think big, think fast, think ahead. Ideas are no one’s monopoly

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Transcript of Think big, think fast, think ahead

Page 1: Think big, think fast, think ahead

Think big, think fast, think ahead. Ideas are no one’s monopoly

Page 2: Think big, think fast, think ahead


Page 3: Think big, think fast, think ahead


• D.O.B.- 28.12.1932

•He born at Chorwad, of Gujurat

•Father - Hirachand Govardhandas Ambani -a school teacher

•Mother- Jamanaben- a thrifty woman

• Two brothers and two sisters.

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Extremely demanding, and difficult to placate.

As he grew up, he became even more vigorous, and irrepressible.

Possessed immense gusto and enormous energy.

Always determined to do what he wanted to do, in exactly the way he wanted it done, come hell or high water, as the phrase goes.

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Education• After he completed his primary education, at the village school,

he was sent to the Junagarh Dist. for further studies

• He also do not like to learn lessons in the class school classroom. He chose work which used his physical ability to the maximum.

• Elected general secretary of the Junagarh Students Union

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Life in Aden (1949-1958)

Just after Dhirubhai was through his annual matriculation examination and even before the result was out, Hirachandbhai called him home to Chorwad. Hirachandbhai had been unwell for quite some time.

Dhirubhai had really wanted to study for a bachelor's degree, but his ambition melted . Started worked with A. Besse & Co. for a salary of Rs.300,

immediately on reaching Aden It was on board the ship that Dhirubhai learnt from Gujarati

newspaper that he had passed his matriculation examination in second division It was a clerk's job with the A. Besse & Co.

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Life in Aden (1949-1958) He learnt the ways of commodity trading, high seas purchase and sales, marketing and distribution, currency trading, and money management to learn the tricks of the trade he offered to work free for a Gujarati trading firm.

There he learnt accounting, book keeping, preparing shipping papers and documents, and dealing with banks and insurance companies., skills that would come handy when he launched himself into trading about a decade afterwards in Bombay .

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Business Milestones Ten years later, Dhirubhai Ambani returned to India and started "Majin" in partnership with Champaklal Damani, his second cousin, who used to be with him in Aden, Yemen.

The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder. It was 350 sq ft (33 m2). room with a telephone, one table and three chairs. Initially, they had two assistants to help them with their business.

During this period, Dhirubhai and his family used to stay in a one bedroom apartment. In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership .

Dhirubhai started on his own. It is believed that both had different take on how to conduct business. Ambani's net worth was estimated at about Rs.10 lakh by late 1970s.

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Sensing a good opportunity in the textile business, Dhirubhai and Aryan Mehra started the first textile mill at Naroda, in Ahmedabad in the year 1966.

Dhirubhai started the brand "Vimal"Extensive

marketing of the brand "Vimal" in the interiors of India made it a household name. Franchise retail outlets were started and they used to sell "only Vimal" brand of textiles.

Dhirubhai Ambani is awarded with starting the equity cult in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977. “It does not require an invitation to make profits”

By Dhirubhai Ambani

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The Solution SeekerDhirubhai faced resistance from cloth

merchants; so decided to open his own showroom for ‘Vimal’

‘Polyester Prince’ announced a ‘buy-back’ scheme when the polyester he produced was losing its demand.

Whenever a task seemed too big to be accomplished, he would reply: " No is no answer!"

"It's difficult but not impossible!"

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The People's Man Dhirubhai followed an 'open-door policy’.

Employees could walk into his cabin and discuss their problems with him.

He was always inviting people into sharing their thoughts and ideas, rather than shutting them out.

Always there for his team and brought around confidence in them.

‘Arm-around-the-shoulder’ leader This tendency that he had, to draw people

towards him, manifested itself in countless ways.

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Diversification and Criticism In 1982 Ambani began the process of backward integration, setting up a plant to manufacture polyester filament yarn.

He subsequently diversified into chemicals, petrochemicals ,plastics, power.

The final phase of Reliance’s diversification occurred in the 1990s when the company turned aggressively towards petrochemicals and telecommunications.

He has been accused of having manipulated government policies to suit his own needs, and has been known to be a king-maker in government elections.

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Death Dhirubhai Ambani was admitted to the Breach Candy Hospital in Mumbai on June 24, 2002 after he suffered a major stroke. This was his second stroke. He died on July 6, 2002.His funeral procession was not only attended by business people, politicians and celebrities but also by thousands of ordinary people Dhirubhai Ambani started his long journey in Mumbai from the Mulji-Jetha Textile Market, where he started as a small-trader. At the time of Dhirubhai's death, Reliance Group had a gross turnover of Rs. 75,000 Crore or USD $ 15 Billion. In 1976-77, the Reliance group had an annual turnover of Rs 70 crore and it is to be remembered that Dhirubhai had started the business with just Rs.15,000 (US$350)

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Awards and recognitions November 2000 – Conferred 'Man of the Century' award by Chemtech Foundation and Chemical Engineering World in recognition of his outstanding contribution to the growth and development of the chemical industry in India

2000, 1998 and 1996 – Featured among 'Power 50 - the most powerful people in Asia by Asiaweek magazine

August 2001 – Economic Times Award for Corporate Excellence for Lifetime Achievement

A poll conducted by The Times of India in 2000 voted Him "Greatest Creator of Wealth In The Centuries".

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In popular media

In 1998, a book published by Hamish McDonald titled "The Polyester Prince" is also an unauthorised biography of Dhirubhai Ambani, outlining all his political and business conquests.

A film said to be inspired by the life of Dhirubhai Ambani was released on 12 January 2007. The Hindi Film Guru

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Quotes by Dhirubhai Ambani

• ”I am deaf to the word “no”.”• “Growth has no limit at Reliance. I keep revising

my vision. Only when you dream it you can do it.”• “Think big, think fast, think ahead. Ideas are no

one’s monopoly”• “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 .”

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• “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.”

• “We bet on people.”• “Don’t give up, courage is my conviction.”• “We cannot change our Rulers, but we can

change the way they Rule Us.”

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Think big, think fast, think ahead. Ideas are no one’s monopoly