The Sunday Times figured him as one of the top 50 businessmen in Asia. So he borrowed as much as he could from friends and small Aden shopkeepers on terms nobody had ever offered them. Franchise retail outlets were started and they used to sell “only Vimal” brand of textiles. He learnt the ways of commodity trading, high seas purchase and sales, autlbiography and distribution, currency trading, and money management. Soon, those around him found that he had an uncanny knack for such speculative trading. I read every bit of paper I could lay my hands on about what was happening around the world, I listened carefully to every word uttered in the market, picked every bit dhirubhxi gossip in the shipping circles atobiography pondered long through the night in the bed about the pros and cons of every deal I wanted to make. In the case of non-settlement, the Bulls demanded an “Unbadla” a penalty sum of Rs. Read Biography: Dhirubhai Ambani book reviews & author details and more at Accounts › Biographies & Autobiographies › Biography: Dhirubhai Ambani. As the founder of If you’re born poor it’s not your fault but if you die poor it’s your fault. Dhirubhai Ambani is not an unheard name to an Indian entrepreneur. He made lot of money by unethical means but at the same time, he reinvested that money in more factories, created more jobs and shared the profits in the form of dividends with his shareholders.Dhirubhai Hirachand Ambani (Gujarati: ધીરુભાઈ અંબાણી) also known as Dhirubhai, (28 December – 6 July ) was an Indian. No doubt, he cheated the system (which included politicians) but the result was that a common man in India could get affordable polyester.
If you are interested in understanding more about license raj and the root cause of corruption in our country, here is an interesting article explaining it: One had to be corrupt to deal with a corrupt system. One can debate endlessly about his integrity but in my opinion, for the conditions that prevailed in the era of 70s & 80s due to license raj and regulations, that was one of the few ways for a businessman to become successful. He kickstarted the stockmarket revolution in India and ensured his shareholders always got the benefit. He was unethical and cheated the system but at the same time, his respect for humans was immense. Reliance shareholders meeting in a football stadium!! But the author claims that Ambani had smuggled an entire factory!! It might sound very funny but one must read to book to find out how he managed to do that.
He had done everything, from rigging of stock markets, to under invoicing, smuggling, Havala, Harshad Mehta scam, Bofors, plotting murders and many other controversies.įor a common trader, smuggling gold nuggets, electronic items etc itself is an achievement. Talking about business world, he had done everything that would put even the underworld don and mafia to shame. Ambani had played a role in destroying the Janata Party Govt in late 1970s and played a greater role in bringing back Indira Gandhi to power in 1980 because he had found her to be more cooperative due to her tolerance for corruption & exploiting of loopholes. I was shocked to find that even the most respected politicians like Pranab’da had danced to Ambani’s tunes during 70s & 80s.
One can conclude that Ambani was a great choreographer when it came to making politicians dance. He had the power to make or break a Govt. The author goes on to say that this Price of Polyester controlled the economy and Govt of the nation which was in turn controlled by Ambani. Reliance founder Dhirubhai Ambani with Prime Minister Indira Gandhi
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I have uploaded the ebook in pdf format which can be read online or downloaded to your local PC. However, for netizens there is good news. Since the book is not in print anymore, the resale value of used copy of this book has reached an all time high of $2,000 : This book is not available in India due to obvious reasons □įirst published in 1998 and the first book to have exposed Dhirubhai, it had infuriated him to such an extent that he bought all the copies from the publisher and bookshops, and dumped the whole lot into the Arabian Sea!! For years, copies of this book were smuggled from other countries and sold in India for prices as high as Rs. Whoa!! What a book!! Jam packed with facts, revelations, corporate drama, political dance, underworld deals and clash of egos makes it a gripping read. The Polyester Prince: Rise of Dhirubhai Ambani.