LATE. DHIRUBHAI H. AMBANI Founder Chairman, Reliance Industries Limited, India December 28, 1932 - July 6, 2002
Some Facts At the age of 17 worked for A. Besse & Co. Ltd., the sole selling distributor of Shell products. In the year 1958 started his first company, Reliance Commercial Corporation, a commodity trading and export house.
In the year 1966 started the textile mill in Naroda, Ahmedabad. In the year 1975, a technical team from the World Bank certified that the Reliance textile plant was "excellent by developed country standards." In the year 1977, the company went public.
Today, the Reliance Group has one of the largest family of shareholders in the world. With an investment of over Rs. 26,000 Crore (US$ 9 billion) in petroleum refining, petrochemicals, power generation, telecommunication services and a port terminal
Total Revenues More than 1,00,000 Crore (In 2005 $ 20 billion) In year 2005 revenue growth 29% Profit of Rs 12,500 crore (Before tax) Net profit of Rs 6,200 crore Exports of Rs 15,900 crore
GROUP COMPANIES 1. Reliance Industries Limited 2. Reliance Capital Limited 3. Reliance Capital Mutual Fund 4. Reliance Industrial Infrastructure Limited 5. Reliance Energy
GROUP COMPANIES 6. Reliance Telecom 7. Reliance Infocomm 8. Reliance General Insurance Co Ltd 9. Reliance Life Sciences 10. Indian Petrochemicals Corporation Ltd
1.Reliance Industries Ltd. India's largest private sector company
2.Reliance Capital Limited 3.Reliance Capital Mutual Fund
Some Facts About Reliance Reliance Group Revenues are nearly 3.5% of India’s GDP 1 out of 4 investor in India is a Reliance Shareholder Reliance Group contribute 10% of Indian govt. indirect tax revenue
Reliance Group contribute 6% of Indias Total Exports Reliance Group contribute 17% of the profit of entire corporate sector in India Reliance is the first and only fortune 500 global company of India
SAD INCIDENCE On June 24,Dhirubhai Ambani, suffered a cerebral stroke, lost consciousness, and lay near death in a Bombay hospital
Mukesh Ambani was on CNBC news Channel. Question From Reporter Is Their Any Coral Between you and Anil about any problem? Answer From Mukesh Ambani Yes, OWNERSHIP ISSUE IN RELIANCE
Battle Start from here. War taken 7 months to Solved. Between 7 Months, They Forgot that they are BROTHER.
Traveling of 7 Months Nov. 22 Mukesh tells employees Dhirubhai had settled issu during his lifetime, Anil turns to Mother Kokilaben to settle dispute. Nov.23 Mukesh says CMD’s word is final. M.L. Bhakta resigns from Reliance Board.
Dec. 20 Amitabh Jhunjunwala resigns as RIL.Treasurer. Dec. 23 Mukesh Ambani gives up Sweat Equity in RIC. Dec. 27 RIL board clears Rs.3,000 Crore Buyback Shares.Anil opposes this. Jan. 3, 2005 Anil Resign from IPCL.
Jan. 7,2005 Finance Minister tells Ambanis to settle dispute. Jan. 19, Jhunjunwala’s resignation accepted,Four others withdraw letters. Mar.9, K.V. Kamath complets Valuation of Reliance. April 8, Anil Complains that his Phones are being Tapped
And finally June,18,2005 MOTHER KOKILABEN ANNONCED THE SETTLEMENT OFTHE DISPUTE BETWEEN HER TWO SONS.
REASONS Dhirubhai’s death without making the will statement. Authority Division. More belief on other persons. Poor corporate Governance.
Settlement June 18, 2005 News Every where. Finely Mother Kokilaben settle the dispute between two sons. With the help of Mr. K.V. Kamath, a family friend and Managing Director of ICICI India’s bank. WHAT WAS IT……………?
NOW MUKESH KNOWN AS…… STRENGTHS Phenomenal project implementation skills & ability to think big. Never say die, he has spirit like father. WEAKNESSES Over Dependable on some people. As per Anil’s view whatever CHAMCHAS said it is final. OPPORTUNITIES Huge growth potential in refining business with healthy margins. Healthy cash flows will allow him to think even more ambitiously. THREATS Lack of Professionalism in his group may prove to be costly. Reliance as a pure play becomes susceptible to industry cycle.
Now Anil Known as…… STRENGTHS Huge ability to raise the fund. Possesses a strong marketing orientation Said to be very good at handling the govt.& Politicians- his status as M.P. will only make things easier. WEAKNESSES Limited exposure to project implementation. Limited Technology Skills. Said to be very impulsive in nature.( like ego) OPPORTUNITIES His Three business TELECOM,POWER & FINANCIAL SERVICES- are all on a high THREATS Eroding levels of customer faith in RIC Close ties with the SAMAJWADI PARTY & AMITABH BACHCHAN may cramp his style under present regime
Coming soon By Reliance Double the Jamnagar refinery’s capacity to 60 million tonnes per year with a Rs. 25,000 cr.investment. Expand oil and gas exploration and production with a Rs.17,000 cr. Investment. Expand polyester capacity by adding a new factory with a Rs.7,400 cr. Investment. Explore 10 new oil & gas discoveries. 700 Mails all over INDIA.
Conclusion ( Our Comments) Today the ultimate aim of the business is the only profit. No relation exist when the money comes amidst. Reliance was too an example to illustrate the founder of any of the companies to complete the will before they are dead. Until you make loss to others, you cannot make your own profit. If you want to survive,addict to betray deceive and flirt.