Dhirubhai Ambani was an Indian businessman who founded what became Reliance Industries, beginning as a small textiles trading and manufacturing venture in the 1960s and growing it, through vertical integration into petrochemicals, polyester and later oil refining, into India's largest private-sector company. He was an early and prolific user of the Indian stock market to raise capital for expansion, drawing hundreds of thousands of small retail shareholders into Reliance's public offerings at a time when broad equity ownership was unusual in India, a practice credited with helping popularize stock investing among the Indian middle class. He led the company until a stroke in 2002 and died later that year, after which the business was divided between his sons Mukesh and Anil Ambani.
Facts
BirthplaceChorwad, Junagadh district, Gujarat, India 1 Defining ContributionFounded Reliance Industries in 1958, beginning in the textile and polyester yarn trade, and took the company public in 1977, building it into one of India's largest conglomerates. 1 Notable Work Connections
Associated With
Ambani built Reliance Industries into a major force in petrochemicals and oil refining in India.
Source Dhirubhai Ambani (Wikipedia)
Companies Founded
Dhirubhai Ambani founded Reliance Industries in 1966, starting as a textile and polyester trading firm.
Companies Led
Ambani served as chairman and managing director of the conglomerate he founded until his death in 2002.
In the Other Atlases
- Also in Geography Atlas: India, nationality there.
Sources
1. Dhirubhai Ambani (Wikipedia)
WikipediaEarly career section, opening sentence
was born in Chorwad, Malia Taluka, Junagadh district, Gujarat on 28 December 1932
Lead paragraph, parenthetical life dates
6 July 2002
Lead paragraph, first sentence
who founded Reliance Industries in 1958
Lead paragraph, first and second sentences
was an Indian businessman who founded Reliance Industries in 1958. Ambani took Reliance public in 1977.
Lead paragraph, full birth name form
Dhirajlal Hirachand "Dhirubhai" Ambani
- Associated With: Petroleum Industry
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