With the extraordinary vision and leadership of Dhirubhai Ambani, his company Reliance created one of the greatest growth stories in corporate history.

Born on December 28, 1932 in Gujarat’s Chorwad, Dhirubhai Ambani was an Indian industrialist who left an indelible mark on the global business landscape with his vision and strategy. Best known for his role in Reliance Industries, he became first businessman to found an Indian private sector company to feature on the prestigious Fortune 500 list.

Coming from a humble setting, Dhirubhai was born into a Modh family to Hirachand Gordhanbhai Ambani and Jamnaben. Later in his life, Dhirubhai moved to Aden (which is now the country of Yemen) to work as a clerk at the age of 17 where he developed his business skills.

In the year 1958, Dhirubhai returned to India with his vision and he initially, set up Reliance Commercial Corporation, a spice trading venture. Dhirubhai is often widely regarded as the pioneer of India’s capital markets. The Reliance Textile Industries Limited first went public in 1977. Notably, Dhirubhai’s death in 2002, his business Reliance Industries Limited (RIL) was initially managed jointly by his sons, Mukesh Alphali and Anil Ambani before being split in 2005.

Vision and leadership of Dhirubhai

With the extraordinary vision and leadership of Dhirubhai, his company Reliance created one of the greatest growth stories in corporate history to become India’s largest private sector enterprise. Under the guidance of Ambani, Reliance Industries expanded into various sectors including petrochemicals, plastics, and power. His foresight and strategic choices led the company to remarkable success.

In 1996, Reliance became the first private sector firm in India to receive ratings from international credit rating agencies. This achievement highlighted Ambani’s capability to establish a worldwide business empire.

RInfra to enter RE equipment manufacturing space

Reliance Infrastructure (RInfra) is entering into the renewable energy (RE) equipment manufacturing space to increase its business portfolio, industry sources said.

The company has already appointed Ivan Saha as Chief Executive Officer (CEO), Renewable Manufacturing and Mushtaque Hussain as Chief Executive Officer (CEO), Battery Manufacturing, they said.

“RInfra is making strategic entry into the renewable energy manufacturing industry,” the report said.

The company would set up an integrated solar manufacturing unit with the objective to boost the production of solar panels and components in India, promoting self-sufficiency in clean energy.
Solar manufacturing will be led by Saha, who comes with over 30 years of experience in semiconductors and solar technology and device design. He has served organisations like Vikram Solar and ReNew Power.

(With inputs from agencies)