Hamish McDonald is Asia-Pacific Editor of the Sydney Morning Herald. He has been a foreign correspondent in Jakarta, Tokyo, Hong Kong, Beijing and New Delhi, where he was bureau chief of the Far Eastern Economic Review. He has twice won Walkley awards, and has had a report on Burma read into the record of the US Congress. He is the author of books on Indonesia and India, and was made an inaugural Fellow of the Australian Institute of International Affairs in 2008.
This is an important biography of Dhirubhai Ambani, the founder of India’s biggest business house, Reliance. He was born in Gujarat, started his business in Mumbai, and was very successful in all his ventures. He used the method of backward integration to fulfil all his dreams and turned them into a reality. His success helped India and it had a major impact on India’s industrial growth. Dhirubhai Ambani can be quoted as an example of ‘self-made man’. If a person who did not have any prior experience or proper guidance has over- come every obstacle that life has thrown on his way and reached the pinnacle, then there must be many lessons that could be learnt from his life. This book analyzes and presents these lessons in a highly coherent style.
Dhirubhai Ambani's life is a rags-to-riches story, from Bombay's crowded pavements and bazaars to the city's extravagantly wealthy social circles where business tycoons, stockmarket speculators, smugglers, politicians and Hindi film stars mingle, make money, make and break marriages and carry out prolonged feuds. This is the story of a rising capitalist group in post-independence India. Until the arrival of Ambani, and now more like him, India's big business scene was dominated by a few industrial houses from British times. Ambani's Reliance group has risen to rival these houses in just 26 years since its foundation. By 1995, the group had 2.6 million investors, one in every eight Indian sharemarket investors, and is now so large that it has to hold its annual general meetings in football stadiums. Along with expansion, however, have come the intricate political connections, a whole raft of corruption charges and a rollercoaster of booms and crashes for Ambani and his company. This study shows how capitalism emerges by fair means and foul in the new industrial countries of the Third World and explores the life of an Asian tycoon.
The inspiring life stories of great personalities of India have left unforgettable impressions on Indian history and civilization. Their lives, work, thoughts, sacrifice, courage, commitment and achievements will act as a source of inspiration and motivation for children and help in building their personality.
Dhirubhai Ambani was a visionary entrepreneur who left an indelible mark on the Indian business landscape. He was a man of humble origins who rose to become one of the most successful businessmen in India. He started his career as a clerk in Yemen, and upon returning to India, he founded Reliance Commercial Corporation with a modest capital of Rs. 15,000. Through hard work, perseverance, and astute business acumen, Dhirubhai transformed Reliance Industries into a diversified conglomerate with interests in multiple sectors. He was a pioneer in using backward integration and other innovative business strategies to grow his company. Dhirubhai was also known for his generosity and philanthropy, and he supported various causes related to education, healthcare, and social welfare. Even after his passing, Dhirubhai Ambani's legacy continues to inspire entrepreneurs and business leaders in India and beyond.
One of the most widely recognized names amongst entrepreneurs in India, Mukesh Ambani is synonymous with an entrepreneurial spirit, ambition, and drive. He is the Chairman, Managing Director, and the largest shareholder of Reliance Industries Limited (RIL). In 2021, he was recognized as the 10th richest person in the world. After dropping out of Stanford to help his father grow Reliance, Mukesh has been instrumental in expanding the footprint of Reliance from petrochemicals to telecommunications, making Reliance today a giant in the Indian business ecosystem.
Until India gained its independence from Britain in 1947, one third of the country was ruled by a lazy, pampered group of 565 maharajahs, or princes. They led hedonistic lives with scores of wives and concubines, palaces and jewels, and spent much of their time playing polo and tiger hunting. The late Prime Minister Indira Gandhi taxed the maharajahs almost out of existence, and few physical traces of their former glory remain. However, a new breed of commercial princes has sprung up in their place.
Did Dhirubhai Ambani know about the tensions between his two sons, Mukesh and Anil? Did the patriarch merge RIL and Reliance Petroleum to prevent a future split in the Reliance group? What were the reasons for the frenetic growth of the Ambanis in just about three decades and the subsequent division in less than three years after Dhirubhai's death? What were Dhirubhai's traits that kept the Ambani family together? What were the differences in Mukesh's and Anil's personalities that led to their falling apart? Did mother Kokilaben play a role in bringing about a 'truce' between her two sons? How was the war between Mukesh and Anil fought? Why does the fight continue today even after the 'truce' between the two brothers? A blow-by-blow account of the Ambani saga by noted business journalist Alam Srinivas, who has tracked the Reliance group for twenty years.
