Few men in history have made as dramatic a contribution to their country's economic progress as did the founder of Reliance, Shri. Dhirubhai H. Ambani. Fewer still have left behind a legacy that is more enduring and timeless.
As with all great pioneers, there is more than one unique way of describing the true genius of Dhirubhai: the corporate visionary, the unmatched strategist, the proud patriot, the leader of men, the architect of India's capital markets, and the champion of shareholder interest.
But the role Dhirubhai cherished most was perhaps that of India's greatest wealth creator. In one lifetime, he built from scratch, India's largest private sector enterprise.
When Dhirubhai embarked on his first business venture, he had a seed capital of only about US$ 300 (around Rs. 14,000). Over the next three and a half decades, he converted this fledgling enterprise into a 60,000 crore colossus—an achievement which earned Reliance a place on the global Fortune 500 list, the first ever Indian private company to do so.
Dhirubhai is widely regarded as the father of India's capital markets. In 1977, when Reliance Textile Industries Limited first went public, the Indian stock market was a place patronised by a small club of elite investors which dabbled in a handful of stocks.
Undaunted, Dhirubhai managed to convince a large number of first-time retail investors to participate in the unfolding the Reliance story and put their hard-earned money into the Reliance Textile IPO, promising them in exchange for their trust, substantial return on their investments.
It was to be the start of one of the greatest stories of mutual respect and reciprocal gain in the Indian market.Under Dhirubhai's extraordinary vision and leadership, Reliance scripted one of the greatest growth stories in corporate history anywhere in the world, and went on to become India's largest private sector enterprise.
Throughout this amazing journey, Dhirubhai always kept the interests of the ordinary shareholder above all else; in the process making millionaires out of many of the initial investors in the Reliance stock, and creating one of the world's largest shareholder families.
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