• Vrutansh Shah

Success Stories of Indian Businessmen

Mr. Dhirubhai Ambani - The Man Behind Reliance

Credits: Sebastian D'Souza from Getty Images


Early life:

Mr. Dhirubhai Ambani was born on December 28, 1932, in a small village in the Junagadh District of Gujarat. His father, Mr. Hirachand Ambani, as a village school teacher. To your surprise, he had only passed 10th and then took up a job. His salary was only 300INR. After a few years, he left for Yemen to work with his elder brother Ramniklal. In Yemen, he started working at a petrol pump. He worked in Yemen for a few years and then returned back to India with the ambition to become a businessman.


Foundation of Reliance Industries:


Credits: Wikipedia


Mr. Dhirubhai Ambani returned to India in 1958 and started a textile business ‘Majin’, with his cousin Champaklal Damani. Majin exported goods like spices and rayon to Yemen and imported polyester from Yemen. The first office was set up by Dhirubhai Ambani in Masjid bunder, Mumbai. It was a 350 sq ft room. with a telephone, one table and three chairs. Initially, they had two assistants to help them with their business. In 1965, Dhirubhai and Champaklal ended their partnership. The reason for this was probably their different approaches to run their business. Dhirubhai Ambani was more of a risk-taker with a really good sense of marketing. He believed in building inventories to maximize profits. This led to the foundation of Reliance Commercial Corporation in 1966, now known as Reliance Industries.

Dhirubhai Ambani started a brand named ‘Vimal’ and started selling polyester materials. Reliance established a brand name in India by the early 70s. They marketed themselves as a household brand in India. In 1977, Dhirubhai started making plans to list the company in the Indian Stock Market and making it public. The IPO was oversubscribed seven times. An investment of 10,000 INR in 1977 would be worth approx 3 crores presently. This is how Reliance industries made it’s debut in the Indian market and is now valued at 14.5 lakh crores.


Death:

Dhirubhai Ambani was admitted to Breach Candy hospital in June 2002 as he had a major stroke. He was in a coma for more than a week and died on July 6, 2002. Dhirubhai Ambani was worth 23.2 billion USD at the time of his death.


Few Quotes:

  • "Only when you dream it you can do it."

  • "Think big, think fast, think ahead. Ideas are no one's monopoly"

  • "Our dreams have to be bigger. Our ambitions higher. Our commitment is deeper. And our efforts greater. This is my dream for Reliance and for India."

  • "You do not require an invitation to make profits."

  • "We bet on people."

  • "Meeting the deadlines is not good enough, beating the deadlines is my expectation."

  • "Don't give up, courage is my conviction."

Credits: Reliance Internet Team


Mr. N. R. Narayana Murthy - The man behind Infosys

Credits: Bloomberg from Getty images


Early life:

Nagavara Ramarao Narayana Murthy, popularly known as Narayana Murthy was born on August 20, 1946, in a middle-class brahman family in Karnataka. He completed his Electrical Engineering from the National Institute of Engineering, Mysore in the year 1967, and his master’s from Indian Institue of Technology Kanpur in the year 1969. Although Narayana Murthy was born in a middle-class family, he had very big dreams. He started working as a chief programmer at IIM Ahmedabad. He later started a company named Softronics which failed after a year and a half, so he took up a job at Patni Computer Systems in Pune.


Foundation of Infosys:

Credits: Wikipedia


Even after a failed startup, his will of becoming a businessman was not shaken. He always wanted to do something in the IT sector hence in 1981, Murthy with six software professionals founded Infosys with the help of his wife Sudha Murthy who invested 10,000 INR in the company. Infosys was listed in the Indian Stock market at the price of 145 against the issue price of 95. The market capital of Infosys is approximately 3.93 lakh crores. An investment of 10,000 in Infosys would be worth approx 4 crores.

Mr. Murthy served as the CEO of the company for 21 years. In 2002, he was succeeded by co-founder Nandan Nilekani. From 2002-2006 he served as a Chairman of the board and also the chief mentor. He also served as a director on the board of various companies like ICICI, Hindustan Unilever, DBS Bank, and NDTV. Mr. Murthy retired in 2011 from the board of Infosys. After that, the company evidently faced a very difficult time which led to the deterioration in its performance. Narayana Murthy called out his retirement in the year 2013 and was asked to join the board and as Executive Chairman and Additional director to bring Infosys back on track. He succeeded to do so and is now designated as Chairman Emeritus. He has a net worth of 2.6 billion USD

Narayana Murthy was not born with a silver spoon in his mouth. He worked hard and made his company a huge success thereby achieving what he had aimed.


Few Quotes:

  • Progress is often equal to the difference between mind and mindset.

  • Love your job, but never fall in love with your Company.

  • Respect, recognition, and reward flow out of the performance.

  • Our assets walk out of the door each evening. We have to make sure that they come back the next morning.

  • A clear conscience is the softest pillow in the world.


Awards and Recognition:

  • He was awarded Padma Shri in the year 2000, by The Government of India

  • He was awarded Honorary Commander of the Order of the British Empire in the year 2007, by The Government of United Kingdom

  • He was awarded Officer of the Legion of Honor in the year 2007, by The Government of France.

  • He was awarded Padma Vibhushan in the year 2008, by The Government of India

  • He was awarded Philanthropist of the Year in the year 2013.


Conclusion:

These businessmen made a multi-billion dollar empire with their will and determination and gained worldwide recognition. They failed, but their failure never let them down, in fact, made them even stronger. You should always have one role model in your life. Who is your role model and why? Tell us in the comment section.


Cover Image: Datafloq


#business #reliance #infosys

123 views

Recent Posts

See All

Connect With Us

  • Instagram
  • Facebook
  • LinkedIn
  • Twitter

©2020 Blog n Beyond. All rights reserved.