December 28 is the birthday of two great business tycoons — Dhirubhai Ambani and Ratan Tata. Dhirubhai and Ratan Tata ji are known for their vision, thanks to which India is advancing in many fields today. While Dhirubhai built Reliance Industries from a textile business, Ratan Tata took the legacy business to new heights.
Today, on Dhirubhai and Ratan Tata’s birthday, discover interesting stories from their lives and understand the steps they took to ensure the success of their business -
1. Risk Taking
Dhirubhai worked at a gas station in Yemen and soon became its manager. He came back to India leaving such a big post and took the risk of starting a venture yarn business which is how Reliance Textiles started.
Ratan Tata also took the risk of acquiring Jaguar Land Rover, Europe’s second largest steel company and a major tea company, which helped Tata’s industry grow.
2. Decision Maker
Even before the formation of SEBI, in 1977, Dhirubhai had launched India’s first independent IPO. After the textile industry, Dhirubhai gradually decided to expand the business into areas such as telecommunications, IT, energy, electricity, retail and infrastructure.
Ratan Tata also decided to make a passenger car in the form of Tata Sierra in 1990, which was also criticized a lot. In 2007, he decided to acquire the European steel company, which greatly benefited the company.
3. Great Thinker
Dhiru Bhai Ambani’s vision was that the people of India should have the ability to talk on the telephone at a lower cost. Reliance took their idea forward and entered the telecommunications industry in 2002. Even today, Reliance in the form of Jio has brought the internet revolution, through which the internet has reached people at a very low cost.
Ratan Tata also dreamed of being able to give cars to common people in the country cheaply, keeping this idea in mind, Nano was launched in 2009. This idea of Ratan Tata was highly appreciated in the country.
4. Innovator
Dhirubhai Ambani pioneered the clothing brand “Vimal”, through which he focused on the quality of clothing and the comfort of people. Apart from that, many such companies that today are part of Reliance Industry are the result of Dhirubhai’s innovation.
Ratan Tata believes that companies can only survive in the market through continuous innovation. Ratan Tata invests in many such startups, which constantly focus on innovation, some of these startups are Lenskart, Ola, Paytm, etc.
5. Leadership
Every employee working with Dhirubhai Ambani could easily reach him anytime, he also used to listen and solve every employee’s problem.
Ratan Tata also always stayed with his employees in bad times, Ratan Tata once went to his former employee to meet him when he was sick.
Dhirubhai Ambani and Ratan Tata inspire millions of people in India today. Through his efforts, Reliance Industries and Tata Group have done many important things in India. Dhirubhai and Ratan Tata have been instrumental in bringing the industry to new heights in India.
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