December 28, 1932 : | Born to Jamnaben and Hirachand Ambani (A teacher) at Chorwad of Junagadh district. |
1949 : | At age of just 17 years, reached Aden (which is part of Yemen at present). Started job with A.Besse, the sole distributor of Shell Company. Dreamt of setting up a huge company like Shell on return to India |
1958 : | Returned to Mumbai and set up Reliance Commercial Corporation and started commodity trading and export company. |
1966 : | Started visiting shops in Mulji Jetha Market for sale & purchase of yarn and accumulated capital for buying hand operated looms for Naroda Textile Unit, and thus took a first step towards ‘Backward Integration’. |
1975 : | World Bank certified that Reliance’s Textile Plant is the best at par with benchmarks of developed countries. |
1977 : | First public issue of Reliance: Steered an ‘Equity Cult’ in India by attracting thousands of small investors to invest money in business & created a novel business leadership. |
1982 - 88 : | Commissioned Polyester plant at Patalganga in Maharashtra. Another major move in direction of backward integration |
1991 : | The first phase of Petrochemical Complex at Hazira near Surat started. Strengthened the position in Polyester and entered into attractive Polymer products' business |
1992 : | In first of its kind of international GDR issue in history of Indian business, Reliance raised $150 million from international market |
1993 : | In first of its kind of Euro Convertible Bond issue by an Indian Company, Reliance raised $140 million In the biggest ever public issue of that time, Reliance came up with Rs. 2172 crore issue to fund setting up of a world class petroleum refinery at Jamnagar |
1994 : | GDR issue of $300 million |
1995 : | Reliance became the first Indian private sector company to get credit rating by International Credit Rating Agency Reliance became the first private sector company to raise $300 million in two phases from international debt market |
1996 - 97 : | Raised $600 million from American debt market by issuing five Yankee Bond Issues. The maturity dates of the issues ranged from 10 years to 100 years. |
1996 - 98 : | Reliance completed expansion of second phase of Hazira Petrochemical complex. It became the world’s biggest ‘Multi-Feed’ cracker plant with investment of Rs. 9,000 crore ($2.5 billion). It increased the production capacity of Reliance four times to 6 million ton. |
1998 : | America’s Pennsylvania University’s Wharton School conferred upon ‘Dean’s Medal’ to Dhirubhai Ambani for excellent business leadership. ‘Business Week’ magazine of US selects Dhirubhai Ambani as ‘Star of Asia’ |
1999 - 2000 : | The Jamnagar refinery with Rs. 25,000 crore ($6 billion) investment, 27 million tonnes per annum capacity and equipped with petrochemicals, power and port facilities commenced operation. Reliance’s Jamnagar Refinery: The biggest investment at single location by any Indian Corporate. |
2000 : | FICCI felicitated Dhirubhai Ambani as ‘Entrepreneur of 20th Century’ A Civic Reception of Dhirubhai Ambani by Mumbai Municipal Corporation. |
2001 : | Economic Times conferred upon Lifetime Achievement Award for Corporate Excellence to Dhirubhai Ambani |
2002 : | Taylor Nelson Sofres – Mode Survey declared Reliance as ‘The Most Appreciated Corporate House of India’ for second consecutive year Reliance acquired IPCL, the second largest petrochemical company of India |
July 6, 2002 : | Dhirubhai Ambani bids adieu to the world. |