He was a genius. He had an extra ordinary talent. He was creative. He mastered the secrets of business. He changed the stream of Indian industries. He was the founder of Reliance industries. He was the pioneer. He changed the investment scenario of India and surely the shape of Indian stock market. He was Dhirubhai Ambani.
Dhirubhai Ambani is an Indian icon. He is a man rags to riches. Dhirubhai Ambani was undoubtedly the most talented businessman of his time. A lot of people are amazed with his success story.
What are the secrets of his amazing growth? What made him Dhirubhai Ambani?
Business secrets
Here are some secrets he used in his life to become a business tycoon.
Secret No. 1: Gather information, whatever it may be. Gather information about Governments be local, state, central or international. Gather information about products, companies, consumers, markets, people, services, politics any thing, just anything and everything. Do not forget to get information of your competitors. Dhirubhai Ambani had mastered this secret. It was in his practice to gather information about anything and every thing.
He used to gather information, analyzed and processed those. He was also able to find opportunities out of those news and information. He was also quick to disburse those information to the relevant persons.
One of my friends, Prof. M.L. Sisodia, a senior professor of physics and research scholar once told me a story about Dhirubhai Ambani that shows how good he was in gathering information. Mr. Sisodia had undergone a bye-pass surgery. Just after few days of his surgery his son was called on for an interview with Dhirubhai Ambani. Dhirubhai wanted him for a senior position in his company. The very first thing Dhirubhai Ambani asked him " How is your father". This instance describes his capability of information gathering. We have to remember that it was not an Internet age.
Secret No. 2: Find an opportunity. He always endeavour to analyze whatever information gathered. He did that in a way that convert information into an opportunity, a profit making opportunity. According to him, " There is no invitation for making profit". You have to find it. He always searched for news and information, a news or information that can make him profit.
Secret No. 3: Jump from an orbit to the next. No matter where you are. Just work there. Master that place or situation. Accumulate some energy and jump into another orbit, a higher one. Stay there some time. control that orbit. Master it and again jump to another higher level, the next orbit. This is the way to success at faster pace.
Dhirubhai did it many times. He did it life long.
Caution: Do not jump from one orbit to another in hurry before mastering the present orbit. It could be proved dangerous. Do it patiently.
Secret No. 4: Complete projects on time. Thrive to do it before the scheduled time. He and his sons completed all their projects on time, mostly before time. However big the projects were, they completed those timely. No matter how much disturbance or hurdles came in their way.
Dhirubhai Ambani and his sons Mukesh Ambani and Anil Ambani derived some techniques to do so. They kept close eyes on their projects. All the projects were monitored closely.
Vision: Dhirubhai Ambani
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More secrets
secret No. 5: Think big. Think global. He thought global much before the globalisation took place.
Most of the Indian companies were not doing well in the global scenario at his time. Most of the Indian companies were not acting with global standards. He made world class projects and world class factories. No body in India could even think about that in his time.
Secret No. 6: Hire the best people. Pay them well.
Dhirubhai Ambani was able to employ the best people, top ranking masters of their respective fields. He was the best pay master of his time. He never compromised in Quality and timeliness. Only those top ranking masters could make it possible. Human resource is the best resource, according to him.
Secret No. 7: Pay share holders well. He paid his share holders the best.
His ambitious projects had hunger for capital. Banks and financial institutes were not agreed to fund those big projects. It was risky in their eyes.
He went to his shareholders and asked money from them. The shareholders jumped to fund his projects. He paid handsome to his shareholders in return. What he paid no body could even imagine.
He realised the fact that the share holders can not be satisfied with dividends only that was the trend at that time. He knew the value of capital appreciation. He paid bonus, gave rights issues to his share holders. He went beyond the expectations of his investors. Even he went to the extent to challenge the law. Once he converted a non-convertible debentures into shares. Share holders got enormous profit, but it was against the law. He fought against that law and the government was compelled to change it.
Dhirubhai Ambani had highest number of shareholders with him in his time. He boosted market capitalisation of BSE. He brought millions of share holders under his umbrella, many of them were first time in the stock market.
Dhirubhai Ambani followed these secret techniques of business through out his lifetime.
He was not much interested in the books or magazines about management. Rather he left those for his sub-ordinates, his managers. He had an appetite, a never ending hunger for news.
He had given some ideas which are Business Mantras indeed. One who follow these..... at the doorstep of success.
A recent Bollywood movie "Guru" has depicted his life.
These are some secrets of a pioneer. Starting from a lower level employee of a gas filling station, he became an industrial giant, a global conglomerate. His name was included in the list of Fortune 500. He could manage an yearly revenue of $ 78 billions in his life time. No Indian industrialist could achieve that level up to that time. His ambition was not ended with that. He was dreaming of World No.1, which he could not achieve because of untimely death. However, it has been achieved through the Reliance industries which he founded. Dhirubhai Ambani is world No.1 today, though after his death. The assets of Mukesh and Anil ambani ( Both sons of Dhirubhai Ambani, between whom his assets were distributed ) together has crossed Bil Gates of Microsoft corporation.
Read more: http://worldofinspire.blogspot.com/2009/04/dhirubhai-ambani-indian-icon-and-his.html#ixzz0eLcf5hiO
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