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Tuesday, May 23, 2006

TRIUMVIRATE AMBANIS, reliance’s famed fables! : IIPM

Adjectives fail to describe the sheer audacity with which the Reliance Group has managed to grow not just in the markets, but also in the minds of shareholders. The late Dhirubhai Ambani managed to create a business empire that is incomparable to any other individual non-legacy Indian success story, both in size and in scale. Dhirubhai muscled Reliance’s way into the Indian capital markets in 1977 with a public issue of a whopping 28 lakh shares under the Reliance Textile Industries banner. Dhirubhai’s fable of being ruthless, cunning and shrewd spread thick and fast as he exploited opportunities much quicker than his peers. Dhirubhai rewrote the record books in Indian corporate history by defying established wisdom with every project that he undertook….

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Source :- IIPM Editorial, 2006

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