BinBrain.com Success

Thursday, June 19, 2008

Dhirubhai Ambani




Dhirajlal Hirachand Ambani was an Indian rags-to-riches business tycoon who founded Reliance Industries in Mumbai with his cousin. Many people consider Ambani's phenomenal rise to be an example of crony capitalism and the result of proximity to the ruling politicians because it was achieved through preferential treatment given to him in a highly repressive business environment. Ambani took his company (Reliance) public in 1977, and by 2007 the combined fortune of the family (sons Anil & Mukesh) was 100 billion dollars, making the Ambanis one of the richest families in the world.

Dhirubhai Ambani was born on 28 December 1932, at Chorwad, Junagadh (now the state of Gujarat, India) to Hirachand Gordhanbhai Ambani and Jamnaben in a Modh Bania family of very moderate means. Although he was born in Gujarat, he is of Sindhi descent, which is a socio-ethnic group that belonged to Sindh, a former area of Northwest India that now belongs to Pakistan after the Partition. He was the second son of a school teacher. Dhirubhai Ambani is said to have started his entrepreneurial career by selling "pakora" to pilgrims in Mount Girnar over the weekends. When he was 16 years old, he moved to Aden, Yemen. He worked with A. Besse & Co. for a salary of Rs.300. Two years later, A. Besse & Co. became the distributors for Shell products, and Dhirubhai was promoted to manage the company’s filling station at the port of Aden.

He was married to Kokilaben and had two sons, Mukesh Ambani and Anil Ambani and two daughters, Nina Kothari and Deepti Salgaocar

In 1962, Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of Rs.15,000.00. The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices.

The business was setup in partnership with Champaklal Damani, his second cousin, who used to be with him in Aden, Yemen. The first office of the Reliance Commercial Corporation was set up at the Narsinathan Street in Masjid Bunder. 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, Champaklal Damani and Dhirubhai Ambani ended their partnership and Dhirubhai started on his own. It is believed that both had different temperaments and a different take on how to conduct business. While Mr. Damani was a cautious trader and did not believe in building yarn inventories, Dhirubhai was a known risk taker and he considered that building inventories, anticipating a price rise, and making profits thnd Estate in Bhuleshwar, Mumbai. In 1968, he moved to an upmarket apartment at Altamount Road in South Mumbai. Ambani's net worth was estimated at about Rs.1 million by late 1960s.

Sensing a good opportunity in the textile business, Dhirubhai started his first textile mill at Naroda, in Ahmedabad in the year 1966. Textiles were manufactured using polyester fibre yarn. Dhirubhai started the brand "Vimal", which was named after his elder brother Ramaniklal Ambani's son, Vimal Ambani. Extensive marketing of the brand "Vimal" in the interiors of India made it a household name. Franchise retail outlets were started and they used to sell "only Vimal" brand of textiles. In the year 1975, a Technical team from the World Bank visited the Reliance Textiles' Manufacturing unit. This unit has the rare distinction of being certified as "excellent even by developed country standards" during that period.

Monday, June 9, 2008

ABDUL KALAM

Dr. A. P. J. Abdul Kalam (Abul Pakir Jainulabdeen Abdul Kalam) , was the eleventh President of India, serving from 2002 to 2007. Due to his unconventional working style, he is also popularly known as the People's President. Before his term as India's president, he distinguished himself as engineering visionary and was awarded India's highest civilian honour Bharat Ratna in 1997 for his work with DRDO and his role as scientific advisor to the Indian government. He is popularly known as the Missile Man of India for his work and is considered a progressive mentor, innovator and visionary in India.

APJ Abdul Kalam was born in 1931 in a middle-class family in Rameshwaram, Tamil Nadu, a town well-known for its Hindu shrines. His mother tongue is Tamil. His father, a devout Muslim, owned boats which he rented out to local fishermen and was a good friend of Hindu religious leaders and the school teachers at Rameshwaram. Kalam grew up in an intimate relationship with nature, and he says in Wings of Fire that he never could imagine that water could be so powerful a destroying force as that he witnessed when he was six. That was in 1934 when a cyclonic storm swept away the Pamban bridge and a trainload of passengers with it and also Kalam's native village, Dhanushkodi.

Kalam observes strict personal discipline, vegetarianism, teetotalism and celibacy. He is a lover of natural beauty. Kalam is a scholar of Thirukkural; in most of his speeches, he quotes at least one kural. Kalam has written several inspirational books, most notably his autobiography Wings of Fire, aimed at motivating Indian youth.

Kalam's probable views on certain issues have been espoused by him in his book India 2020 where he strongly advocates an action plan to develop India into a knowledge superpower and into a developed nation by the year 2020. Kalam is credited with the view that India ought to take a more assertive stance in international relations; he regards his work on India's nuclear weapons program as a way to assert India's place as a future superpower.

Kalam continues to take an active interest in other developments in the field of science and technology as well. He has proposed a research programme for developing bio-implants. He is a supporter of Open source software over proprietary solutions and believes that the use of open source software on a large scale will bring more people the benefits of information technology.