Ambani lived only briefly in Yemen because his father decided to move back to India in ,  to start a trading business that focused on spices and textiles. The latter was originally named "Vimal" but later changed to "Only Vimal. Sharpe and Man Mohan Sharma because they are "the kind of Professors who made you think out of the box. By this time, it had already expanded so that it also dealt in refining and petrochemicals. The business also included products and services in retail and telecommunications industries. Reliance Retail Ltd.
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See Article History Alternative Title: Dhirajlal Hirachand Ambani Dhirubhai Ambani, in full Dhirajlal Hirachand Ambani, born December 28, , Chorwad, Gujarat , British India—died July 6, , Mumbai, India , Indian industrialist who was the founder of Reliance Industries, a giant petrochemicals , communications, power, and textiles conglomerate that was the biggest exporter in India and the first privately owned Indian company in the Fortune Ambani was the third of five children born to a village schoolteacher and his wife, and he grew up in a family of modest means.
At the age of 17, he migrated to the British colony of Aden to join his brother. He started his career as a clerk at A.
There he learned trading, accounting, and other business skills. In Ambani returned to India and settled in Bombay now Mumbai. Ambani began a business trading in spices in the late s, calling his nascent venture Reliance Commercial Corporation.
He soon expanded into other commodities, following a strategy of offering higher-quality products and accepting smaller profits than his competitors. His business grew quickly. After deciding that the corporation had gone as far as it could with commodities, Ambani turned his attention to synthetic textiles.
He made his first foray into backward integration with the opening of the first Reliance textile mill in In Ambani took Reliance public after nationalized banks refused to finance him.
Ambani was credited with introducing the stock market to the average investor in India, and thousands attended the Reliance annual general meetings, which were sometimes held in a sports stadium, with many more watching on television. Get exclusive access to content from our First Edition with your subscription. Subscribe today Ambani handed over the day-to-day running of the company to his sons, Mukesh Ambani and Anil Ambani, in the mids but continued to oversee the company until shortly before his death in Learn More in these related Britannica articles:.
Early career[ edit ] Dhirubhai Ambani was one of the sons of Hirachand Gordhanbhai Ambani, a village school teacher belonging to the Modh community and Jamnaben Ambani and was born in Chorwad, Junagadh district , Gujarat  on 28 December, He did his studies from Bahadur Kanji school. In , he left for the Port of Aden to work for A. Besse and Co. He later came to sell shell and Burmah oil products for the company.