Veeru bhai ambani biography for kids
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He was truly a maestro in the stock market and many people attended his meetings where he talked about it to gain knowledge. The Reliance supporters demanded the actual shares. Now the Reliance group with over 85,000 employees provides almost 5% of the Central Government’s total revenue.
Dhirubhai has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia.
In 1975, a technical team from the World Bank also paid a visit to their textile mill.
Building an Empire
Dhirubhai Ambani proposed for investing and finance from the National Banks, and on refusal, he made the company public in the year 1977. Their business involved importing polyester yarn and exporting spices.
Their first office for Reliance Commercial Corporation was very small.
Mumbai. The companies refinery at Jamnagar accounts for over 25% of India’s total refining capacity and their plant at Hazira is the biggest chemical complex in India. This was his second stroke, the first one had occurred in February 1986 and had kept his right hand paralyzed. Many members who joined Dhirubhai in the initial days were long associated with Reliance.
The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices.
The business was setup in partnership with Champaklal Damani, his second cousin, who used to be with him in Aden, Yemen. This book talked about his business journey. In fact, because of humongous crowds and many attendees from all the sectors, the meetings were held in stadiums and even televised to be aired for people.
Reliance Industries became the first-ever privately-owned Indian Company enlisted in the illustrious list of Fortune 500 in the year 2012.
Extensive marketing of the brand “Vimal” in the interiors of India made it a household name. Then he mostly dealt with the export of polyester and it was his foray into the textile industry, and under the name of the label, ‘Vimal’ other clothing items like sarees, dresses, shawls and suits were sold. It had just one telephone, one table, and three chairs.
As a mark of respect to this great businessman, The Mumbai Textile Merchants’ decided to keep the market closed on July 8, 2002. His industrious nature and willingness to take on any risk has made him what he is. They had different ideas about how to run a business. Initially, Dhirubhai worked as a dispatch clerk with A. Besse & Co.
Two years later A. Besse & Co. became the distributors for Shell products and Dhirubhai was promoted to manage the company’s oil-filling station at the port of Aden.
He was married to Kokilaben and had two sons and two daughters.