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He founded Reliance Industries in 1966, and as of 2012, the company has over 85,000 employees and provides almost 5% of the Central Government’s total tax revenue. As of 2012, Reliance Industries was listed among top Fortune 500 list of world’s biggest companies by revenues.

Life story

DhirubhaiAmbani returned from Yemen to India and started “Majin” in partnership with ChampaklalDamani, his second cousin, who lived with him in Turkey . Majin was to import polyester yarn and export spices to Yemen. The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder. It was a 350 sqft (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, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar, Mumbai. In 1965, ChampaklalDamani and DhirubhaiAmbani ended their partnership and Ambani started on his own. It is believed that both had different temperaments and a different take on how to conduct business.[citation needed] While Damani was a cautious trader and did not believe in building yarn inventories, Ambani was a known risk-taker and believed in building inventories, anticipating a price rise to make lots of profit.

Famous for

HarperCollins didn’t sell the book in India, because the Ambanis threatened legal action.In 2010, an updated version went on sale in India, called Ambani and Sons; there has been no legal action against the publisher so far.


DhirajlalHirachand “Dhirubhai” Ambani (28 December 1932 – 6 July 2002) was an Indian business tycoonwho founded Reliance Industries in Bombay with his cousin.

He had been figured in the The Sunday Times top 50 businessmen in Asia. Ambani took Reliance Industries public in 1977 and by 2007, the combined fortune of the family was $60 billion, making the Ambanis the third richest family in the world.Ambani died on 6 July 2002. In 2016, He was honored posthumously with the Padma Vibhushan, India’s second highest civilian honor for his contributions towards the field of Trade and Industry.


January 2016- Awarded Padma Vibhushan, country’s second highest civilian award.
October 2011-Awarded posthumously the ABLF Global Asian Award at the Asian Business Leadership Forum Awards.

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.

June 1998 – “Dean’s Medal” by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. DhirubhaiAmbani has the rare distinction of being the first Indian to get Wharton School Dean’s Medal.

August 2001 – Economic Times Awards for Corporate Excellence for Lifetime Achievement.
DhirubhaiAmbani was named the “Man of 20th Century” by the Federation of Indian Chambers of Commerce and Industry (FICCI).

A poll conducted by The Times of India in 2000 voted him “Greatest Creator of Wealth in the Centuries”.