The Polyester Prince is a balanced book on India's own robber baron. McDonald pays tribute to Gujarati traders/ Banias in the first few chapters by acknowledging their exuberance of speech, inventiveness, and commercial drive. Dhirubhai first displayed his diplomatic and negotiating skills during the Junagadh freedom struggle.
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- Ambani is a surname found in Gujarati people of India. Ambani family grassroots are from Jasdan, a town near Rajkot, their Kul Devi (ancestor goddess), Phoolbai Maa is worshiped. Iim ahmedabad business books day to day economics. Where I can Download Biography Of Dhirubhai Ambani Pdf, MOBI file of Biography Of Dhirubhai Ambani.
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A fascinating biography of Indian textile tycoon Dhirubhai Ambani, this book is the story of a rising capitalist group in post-independence India. In the 26 years since its foundation, Ambani's Reliance Group has risen to rival the dominant industrial houses, and by 1995 the group had 1.2 million investors. Along with the dramatic expansion of the Reliance Group have come...more
Published September 1st 1999 by Allen & Unwin Academic (first published January 1st 1998)
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Sarsij NayanamI believe this book is banned in India. Hence you need to find it on internet.
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Jul 15, 2009Anant Singh rated it liked it
Hmmm , well after much search on internet i got this book in both PDF and Word format , they say u can find anything on net is true !! Ambani Brothers failed to stop Internet :))
Well I am kind of a person who reads book and like those who gives facts and figure , they only its good to believe ... hence i like arun shourie in this case , Hamish have told thousands of incidents in this book some with facts , newspaper articles and personal inteview ..but in many case he has JUST WRITTEN the thing...more
Well I am kind of a person who reads book and like those who gives facts and figure , they only its good to believe ... hence i like arun shourie in this case , Hamish have told thousands of incidents in this book some with facts , newspaper articles and personal inteview ..but in many case he has JUST WRITTEN the thing...more
Finally got to read this book about the rise of Dhirubhai Ambani.Its a pretty small book..arnd 275 pages..but its power packed alright.
It goes into the darker side of Ambani’s dealings… the political connections..the bribes+gifts..and the attempt to murder Nusli Wadia.
This book is banned in India and doesn’t seem to be available on international sites as well (been searching it for a few months now ) .Seems the Ambani bros have made sure that not a single copy is available. And what with all the...more
It goes into the darker side of Ambani’s dealings… the political connections..the bribes+gifts..and the attempt to murder Nusli Wadia.
This book is banned in India and doesn’t seem to be available on international sites as well (been searching it for a few months now ) .Seems the Ambani bros have made sure that not a single copy is available. And what with all the...more
Nov 24, 2015Sathish Kumar rated it really liked it
An honest biography which details the meteoric rise of Ambani. Unlike the Indian enterpreneur-biographies, which portray businessmen as saints, Hamish also describes how the system was perfectly engineered by Ambani to further his empire. A must read business biography.
controversial wud be an understatement
What was it? A racy fiction or a true story? Tough to judge from the story. There is not much in the appendix to prove that what it says is truth. On the truth, with the way Reliance grew, I won't be surprised if all of it be true. Two things are for sure -
1. An Indian could have never written this. Simply because of the fact that at few places this book becomes more a flight of fantasy which only a foreigner could have cooked up, visualizing the all embracing 'jugaad' in context of India.
2. Ba...more
1. An Indian could have never written this. Simply because of the fact that at few places this book becomes more a flight of fantasy which only a foreigner could have cooked up, visualizing the all embracing 'jugaad' in context of India.
2. Ba...more
The rise of Dhirubhai Ambani, the author has taken deep dive into the building Reliance. As you read the book, many a times their is a feeling of oh ! God. Doubts arise is this the way Business houses needs to be build or should their be an purpose of doing business ?
I recommend this book to understand how deep routed the link between business houses and law makers in India. How many a times favours are provided and cheap thinking !!
The poor remains poor and middle class will always struggle ....more
I recommend this book to understand how deep routed the link between business houses and law makers in India. How many a times favours are provided and cheap thinking !!
The poor remains poor and middle class will always struggle ....more
Jul 15, 2012Santhosh Chikurambotla rated it really liked it
Dhirubhai Ambani Book In Gujarati Pdf Online
I have been thinking of reading some non-fiction stuff lately. So after searching for some time, started reading Hamish McDonald's The Polyester Prince: The Rise of Dhirubhai Ambani.
I am happily surprised to know about ambani's involvement in independence struggle. The Yemen silver coins business:buying silver currency and melting them to sell as raw silver-just shows the starting signs of the future AMBANI in progresss.
His initial rise in Mumbai and the success story of Vimal are all nicely cap...more
I am happily surprised to know about ambani's involvement in independence struggle. The Yemen silver coins business:buying silver currency and melting them to sell as raw silver-just shows the starting signs of the future AMBANI in progresss.
His initial rise in Mumbai and the success story of Vimal are all nicely cap...more
Dhirubhai Ambani said that he builds a golden fountain over all his misdeeds and nobody will ever know what's underneath. He could not cover it all up and this book is a well-composed summary (and argument) of the public part of Ambani's life.
Hamish is very balanced, intelligent and diligent. I don't think that there is a better way to fully appreciate the breathtaking rise of Ambani, how fully he permeated the Indian government and bureaucracy or his masterful handling of capital and markets, a...more
Hamish is very balanced, intelligent and diligent. I don't think that there is a better way to fully appreciate the breathtaking rise of Ambani, how fully he permeated the Indian government and bureaucracy or his masterful handling of capital and markets, a...more
Mar 29, 2013Divyansh Gupta rated it it was amazing
A biography unlike others... where the author brings out the darker shade of the subject more than the 'whiter' side of the founder of the biggest Indian corporation
Jan 27, 2018Prince Chauhan rated it really liked it
What an amazing book or precisely to be called as research work by Hamish Macdonalds,a complete compendium to indian market,politics and how things happen in real and are portrayed in media.
A complete analysis of Dhirubhai Ambani along with presenting facts about major politicians,parties,scandals in the market and so more,no one could have written it better than Hamish who had an unbiased approach and filter for the gifts and rewards.
Just an amazing read that to open the mind and a way to look...more
Mar 24, 2017Chandrashekar rated it liked itA complete analysis of Dhirubhai Ambani along with presenting facts about major politicians,parties,scandals in the market and so more,no one could have written it better than Hamish who had an unbiased approach and filter for the gifts and rewards.
Just an amazing read that to open the mind and a way to look...more
Shelves: biographies-autobiographies, non-fiction, reviewed
This book is a small biography of Dhirubhai Ambani till reliance was set up and then morphs into a story of reliance Ltd, its dizzy peaks and deep troughs. Calling this a biography would be wrong I feel. Can't blame the author though. He does warn you initially of his inability to source out information from Ambani or his family members despite his best efforts, Thanks in part to the highly controversial life that Dhirubhai led. However it does give you an insight about the times of 1980s and 90...more
Feb 18, 2018Prabodh Agarwal rated it it was amazing
The book is an interesting read. Feels more like a thriller, than a biography.
If everything in this book is true, then it is extremely revealing.
However, for anyone interested in knowing, how did India grow, this books gives a sneak peek into how industries and governments of the time functioned.
If everything in this book is true, then it is extremely revealing.
However, for anyone interested in knowing, how did India grow, this books gives a sneak peek into how industries and governments of the time functioned.
Fascinating and inspiring biography of Dhirubhai Ambani. One star deducted because the book seemed to need some proofreading and editing, with some obvious mistakes. Excellent read for anyone with an interest in business.
Jan 23, 2019buy me a book ! rated it it was amazing
my mind is blown. what the fuck did I just read. This was the biggest revealation and the must unlike of a biography that will ever be written. Okay i finished this ten seconds ago and I need to processes the brain explosion, wait
May 15, 2019Swarnendu Bhushan rated it it was amazing
Exceptionally well researched. Truly sensational! Can't imagine the kind of efforts that Hamish would have taken for it.
Oct 14, 2018Rajiv Choudhry rated it it was amazing
Should read it. It is banned. Makes it all the more alluring.
The book reveals unbelievable rise and rise of Dhirubai Ambani. The various tactics and strategies adopted by him to opportunity of the prevailing economic and political condition of India.
This review has been hidden because it contains spoilers. To view it, click here.
Jun 02, 2019Ashutosh Dubey rated it it was amazing
The most authentic critique of the Ambani patriarch, India's original robber baron
The ban on the book was a real curiosity creator.
A fascinating look at the meteoric rise of the legendary Dhirubhai Ambani.
Aug 22, 2018Ramakant Ghatol rated it really liked it
One of the best book ....must read for all Indian entrepreneur....well researched book...
Wow that took a long time to complete 200 odd pages. Firstly the book is banned by GOI and the Ambani family has done much to restrict any circulation of copies which almost seem non existent. I got hold of a pdf copy online with numerous typo errors. The book delves into the business life of Ambani in great detail. The book claims that Dhirubhai Ambani and Co manipulated share price, played the role of really cunning fox at every turn, showed great extent of favoritism to people from Gujarat am...more
Had read this for work, so had done basic research on Mr Ambani beforehand. So I already knew a lot of facts and stories, that are described at length in the book. But for somebody who is coming fresh, this book is a gold mine! This books shows the practical and dark side of Mr Ambani and how he navigated the tight bureaucratic structure of newly independent India; how he arm twisted it when needed and made the most of present scenarios.
I don’t know why the Ambani’s were so swift in banning the...more
I don’t know why the Ambani’s were so swift in banning the...more
Banning something ordinary, indeed gives it an aura of undeserved importance many a times. This book is a prime example of that. It was such a laborious read, had to skim over so many parts as it is not written compellingly at all. It is crammed with news stories, facts mixed with flights of fantasy to the brim, with hardly any attention to narrative style. It doesn't help either that the author seems to have a superficial understanding of Indian politics. But the biggest put off though was his...more
Jan 19, 2014Clivemichael rated it liked it Shelves: biography, social-comment, history, economics, e-book
This was a freebee from Goodreads and seems to be an unedited first or second draft. Engaging and informative although experience with money management, law and Indian politics would facilitate a greater understanding of the situations described.
'The inside trading was not just in the affairs of Reliance Industries Ltd, but in the affairs of the Government of India.'
Dry in places the story is carried by the sheer volume of infractions and illusive deals. I'm left shaking my head at the blatant...more
'The inside trading was not just in the affairs of Reliance Industries Ltd, but in the affairs of the Government of India.'
Dry in places the story is carried by the sheer volume of infractions and illusive deals. I'm left shaking my head at the blatant...more
Sep 17, 2011Vinay Aggarwal rated it really liked it
This is almost a thriller novel with government, corporations, detectives and all dirty things money could do. It does give a glimpse of how Ambani built his empire. Sadly, a lot of details remain unknown. I particularly wish the author should have tried to explain money flow, stock price and profitability a lot more.
The writing style frequently goes back and forth in time, making it confusing sometimes. I also found that the book digresses sometimes to unrelated politics and becomes very slow...more
May 03, 2014Santanu rated it really liked it
Great to know the behind the scene story of the Ambanis. The book does a fair bit in portraying the background in terms of the business environment, political scene and media. Explains many of the Reliances sensational periods very well. It has much less flavour of the personal aspects of Dhirubhai. So it is less of a bio, and more of a documentary on Reliances rise in Indian business scene. Very well done throughout the book with well researched facts, a pinch of dramatisation and anecdotal sto...more
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“Nobody is a permanent friend,nobody is a permanent enemy. Everybody has his own self-interest. Once you recognise that, everybody will be better off.” — 8 likes
More quotes…Born | Dhirajlal Hirachand Ambani 28 December 1932 Chorwad, Junagadh State, Kathiawar Agency, Bombay Presidency, British India (present-day Gujarat, India) |
---|---|
Died | 6 July 2002 (aged 69) |
Nationality | Indian |
Occupation | Founder of Reliance Industries (RIL) Founder of Reliance Capital, Reliance Infrastructure & Reliance Power (which were later carved out from RIL) |
Spouse(s) | Kokila Dhirubhai Ambani |
Children | Mukesh Ambani Anil Ambani Nina B. Kothari Dipti D. Salgaocar |
Awards | Padma Vibhushan (2016) |
Dhirajlal Hirachand Ambani, popularly known as Dhirubhai Ambani (28 December 1932 – 6 July 2002) was an Indian business tycoon[1] who founded Reliance Industries in Bombay and appeared in The Sunday Times top 50 businessmen in Asia.[2] Ambani took Reliance public in 1977 and was worth $6 billion[3] upon his death on 6 July 2002.[4] In 2016, he was honored posthumously with the Padma Vibhushan, India's second highest civilian honor for his contributions to trade and industry.[5][6]
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.[7] Dhirubhai married Kokila, and they had four children; Mukesh Ambani, Anil Ambani, Nina Bhadrashyam Kothari and Dipti Dattaraj Salgaocar. He migrated to the then British colony of Aden at age 17 where his brother was working.[8] He initially served as a clerk at A. Besse & Co., which then was the largest transcontinental trading firm east of Suez.[9] He worked as a employer in Yemen, then came to India with ₹50000 and started a textile trading company in 1958.[10].
Founding of Reliance Industries[edit]
Ambani returned to India and started 'Majin' in partnership with Champaklal Damani, his second cousin,[11] who lived with him in Yemen. Majin was to import polyester yarn and export spices to Yemen.[12] The first office of the Reliance Commercial Corporation was set up at the Narsinatha Street in Masjid Bunder.[13] It was a 350 sq ft (33 m2) room with a telephone, one table and three chairs. Initially, they had two assistants to help them with their business. During this period, Ambani and his family stayed in a two-bedroom apartment at the Jai Hind Estate in Bhuleshwar, Mumbai.[12] In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership and Ambani started on his own. It is believed that both had different temperaments and a different take on how to conduct business.[14] While Damani was a cautious trader and did not believe in building yarn inventories, Ambani was a known risk-taker and believed in building inventories to increase profit. In 1966 he formed Reliance Commercial Corporation which later became Reliance Industries on 08 May 1973.
Ambani's control over stock exchange[edit]
Extensive marketing of the brand in the interiors of India made it a household name. Franchise retail outlets were started and they sold the 'only Vimal' brand of textiles. In the year 1975, a technical team from the World Bank visited the 'Reliance Textiles' Manufacturing unit.
In 1988, Reliance Industries came up against a rights issue regarding partly convertible debentures.[15] It was rumoured that the company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, The Bear Cartel, a group of stock brokers from Calcutta, started to short sell the shares of Reliance. To counter this, a group of stock brokers until recently referred to as 'Friends of Reliance' started to buy the short sold shares of Reliance Industries on the Bombay Stock Exchange.
The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the 'Badla' trading system operative in the Bombay Stock Exchange. The bulls kept buying and a price of ₹ 152 per share was maintained until the day of settlement. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, much money was provided to the stock brokers who had bought shares of Reliance, by Dhirubhai Ambani. In the case of non-settlement, the Bulls demanded an Unbadla, or penalty sum, of ₹ 35 per share. With this, the demand increased and the shares of Reliance shot above ₹ 180 in minutes. The settlement caused an enormous uproar in the market.[citation needed]
To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Authorities from the Bombay Stock Exchange (BSE) intervened in the matter and brought down the 'Unbadla' rate to ₹ 2 with a stipulation that the Bear Cartel had to deliver the shares within the next few days. The Bear Cartel bought shares of Reliance from the market at higher price levels and it was also learnt that Dhirubhai Ambani himself supplied those shares to the Bear Cartel and earned a healthy profit out of The Bear Cartel's adventure.[16]
After this incident, many questions were raised by his detractors and the press. Not many people were able to understand how a yarn trader until a few years ago was able to get in such a huge amount of cash flow during a crisis period. The answer to this was provided by the then finance minister, Pranab Mukherjee in the Parliament. He informed the house that a Non-Resident Indian had invested up to ₹ 220 million in Reliance during 1982–83. These investments were routed through many companies like Crocodile, Lota and Fiasco. These companies were primarily registered in Isle of Man. All the promoters or owners of these companies had a common surname Shah. An investigation by the Reserve Bank of India in the incident did not find any unethical or illegal acts or transactions committed by Reliance or its promoters.[17]
Death[edit]
Ambani was admitted to the Breach Candy Hospital in Mumbai on 24 June 2002 after he suffered a major stroke. It was his second stroke, the first had occurred in February 1986 and had paralyzed his right hand. He was in a coma for more than a week and a number of doctors were consulted. He died on 6 July 2002.[18]
The country has lost iconic proof of what an ordinary Indian fired by the spirit of enterprise and driven by determination can achieve in his own lifetime.[19]
— Atal Bihari Vajpayee, former Prime Minister of India
This new star, which rose on the horizon of the Indian industry three decades ago, remained on the top until the end by virtue of his ability to dream big and translate it into reality through the strength of his tenacity and perseverance.I join the people of Maharashtra in paying my tribute to the memory of Ambani and convey my heartfelt condolences to the bereaved family.[20]
Reliance Industries after Dhirubhai Ambani's death[edit]
Following his first stroke in 1986, Ambani handed over control of Reliance to his sons, Mukesh and Anil. In November 2004, Mukesh in an interview admitted to having differences with Anil over ownership issues[21]. He also said that the differences 'are in the private domain'.[22]After the death of Dhirubhai Ambani, the group was split into Reliance Industries Limited headed by Mukesh, and Reliance Anil Dhirubhai Ambani Group headed by Anil.
As of 2017, the company has more than 250,000 employees. In 2012, Reliance Industries was one of the two Indian companies to be ranked among the top 100 in the Fortune 500 list of the world's largest companies by revenue.[23]
In popular media[edit]
In 1988 an unauthorized biography of Dhirubhai Ambani, by Hamish McDonald with the title The Polyester Prince, outlined all his political and business conquests. The book was not published in India because the Ambanis threatened legal action;[24] an updated version went on sale under the title Ambani and Sons in 2010, and there has been no action against the publisher so far.[24]
A Hindi film said to be loosely inspired by the life of Dhirubhai Ambani was released on 12 January 2007. Guru, directed by filmmaker Mani Ratnam, cinematography by Rajiv Menon and music by A.R.Rahman shows the struggle of a man striving to make his mark in the Indian business world with a fictional Shakti Group of Industries.
Awards and recognition[edit]
Dhirubhai Ambani, on postal stamp 28 December 2002.
- 1996, 1998 and 2000– Featured among Power 50-the most powerful people in Asia by Asiaweek magazine.
- June 1998 – 'Dean's Medal' by The Wharton School, University of Pennsylvania, for setting an outstanding example of leadership. Dhirubhai Ambani was the first Indian to receive the Dean's Medal[25]
- November 2000–Conferred Man of the Century award by Chemtech Foundation and Chemical Engineering World in recognition of his outstanding contribution to the growth and development of the chemical industry in India.
- August 2001 – Economic Times Awards for Corporate Excellence for Lifetime Achievement.
- Dhirubhai Ambani was named the 'Man of 20th Century' by the Federation of Indian Chambers of Commerce and Industry (FICCI).
- India post released a postal stamp featuring Dhirubhai Ambani on 28 December 2002.
- October 2011- posthumously awarded the ABLF Global Asian Award at the Asian Business Leadership Forum Awards.
- January 2016- posthumously awarded the Padma Vibhushan, the country's second-highest civilian award .[26]
Dhirubhai Ambani Kids
See also[edit]
References[edit]
Dhirubhai Ambani Death
- ^Muthyala, Srikar (29 September 2015). 'The List of Great Entrepreneurs of India in 2015'. MyBTechLife. Archived from the original on 14 January 2016.
- ^Dhirubhai AmbaniArchived 7 July 2011 at the Wayback Machine. 4to40.com
- ^Mukherjee, Arindam. Dhirubhai estate was worth $6b in 2002. Outlookindia.com. Retrieved on 2018-11-15.
- ^Dhirubhai Ambani vs Ratan Tata – Difference and Comparison. Diffen. Retrieved 28 July 2013.
- ^'Padma Awards 2016'. Press Information Bureau, Government of India, Ministry of Home Affairs. 25 January 2016.
- ^'Padma Awards 2016: Full List'. NDTV.com. 25 January 2016.
- ^Lodha, CA Hemant C. (2014). A to Z of Entrepreneurship: A to Z of Entrepreneurship. Panchasil Prakashan. p. 12. ISBN9788192373058.
- ^'Balmy days with Dhirubhai in Aden — A `reliable' friend has fond memories'. The Hindu Business Line. 29 July 2002. Retrieved 20 May 2019.
- ^Dhirubhai Ambani, INDIAN BUSINESSMAN, Karen Sparks, Encyclopaedia Britannica, Dec 31, 2002
- ^Majumdar, Shyamal (14 January 2015). '40 years ago... and now: Dhirubhai Ambani changed the idiom of doing business'. Business Standard India. Retrieved 20 May 2019.
- ^Ambani: From a petrol pump attendant to Reliance owner | Arab News – Saudi Arabia News, Middle East News, Opinion, Economy and more. Arabnews.com (2 November 2012). Retrieved 28 July 2013.
- ^ abGiridharadas, Anand (15 June 2008). 'Indian to the Core, and an Oligarch'. The New York Times.
- ^'Reliance Industries - The Reliance Story'. www.ril.com. Retrieved 20 May 2019.
- ^'Carving up a Business Empire Through Tax Havens: The Ambani Way'. NewsClick. 18 May 2018. Retrieved 20 May 2019.
- ^'The two faces of Dhirubhai Ambani by Paranjoy Guha Thakurta'. India-seminar.com. Retrieved 31 December 2010.
- ^Barua, S.K. and Verma, J.S. (1993) The Great Indian Scam, Story of Missing Rs. 40 billion. University of California. ISBN8170941288. pp. 16–17
- ^'rediff.com: For this fighter, life was a big battle'. Rediff.com. Retrieved 31 December 2010.
- ^Reliance chairman Dhirubhai Ambani dead The Times of India (7 July 2002). Retrieved 28 July 2013.
- ^'Indian business giant dies'. BBC News. 7 July 2002. Retrieved 19 May 2019.
- ^'Politicians, celebrities pay homage to Ambani'. Rediff. 7 July 2002. Retrieved 31 December 2010.
- ^Badkar, Mamta (26 May 2011). 'The Full Story Of The Massive Feud Between The Billionaire Ambani Brothers'. Business Insider. Retrieved 20 May 2019.
- ^'Mukesh Ambani admits to differences with Anil'. Rediff.com. 18 November 2004. Retrieved 31 December 2010.
- ^Pandey, Piyush (9 July 2012). 'Indian Oil, Reliance Industries in Fortune 500 companies list'. The Times of India. Retrieved 9 November 2017.
- ^ ab'The return of The Polyester Prince'. Business Standard. 2 October 2010. Retrieved 12 September 2012.
- ^Diwanji, A. K. (June 1998) Dhirubhai Ambani becomes first Indian to get Wharton School Dean's Medal. Rediff
- ^'Padma awards 2016 declared: Anupam Kher, Rajinikanth, Vinod Rai, Sania Mirza honoured among others'. DNA. 25 January 2016.
External links[edit]
- Dhirubhai gave management a whole new 'ism' A.G. Krishnamurthy on Rediff.com
- Dhirubhai Ambani on YouTube The Wealth Creator of India (Presentation by http://www.techite.com/ )
Dhirubhai Ambani Daughters
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