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A
visionary’s quest ends...
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1932-2002
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His
is a story that celluloid dreams are made of. A life lived extraordinarily.
A life that touched millions. A life that began in a small village
in Gujarat on December 28, 1932. The son of a school teacher, Dhirubhai
Hirachand Ambani started his career as a gas station attendant in
Aden (now Yemen). He then returned to Mumbai in 1959 to build, brick
by brick, an empire worth Rs 65,000 crore - Reliance Industries,
the only Indian entity on the Fortune 500 list.
To
finance his grand ambitions, Dhirubhai raised money through the
market, ending the near monopoly on bank financing in India. He
will be remembered by thousands of small investors for revolutionising
the capital market. In 1977 Reliance Industries made its first IPO
to the Indian public, one of the largest of its time. In 1992, the
company became the first ever Indian company to issue Global Depository
Receipts. Three and a half million shareholders have a stake in
Reliance, making it one of the most widely held companies in India.
Today
the Reliance group is the country’s largest business house
with interests in textiles, petrochemicals, power and telecom. Under
his able guidance, the group has now moved into New Economy areas
of interest like bio-technology and telecom. The group’s Rs
25,000 crore integrated Jamnagar refinery complex houses the world’s
largest greenfield project with a capacity to refine 27 mt of crude.
Now
it is the turn of his sons, Mukesh and Anil to carry his legacy
forward. Of thinking big, of thinking fast , of thinking ahead.....
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