Ambani died on 6 July 2002. India’s second highest civilian honor for ambani and sons pdf contributions in trade and industry. Initially, they had two assistants to help them with their business.
In 1965, Champaklal Damani and Dhirubhai Ambani ended their partnership and Ambani started on his own. It is believed that both had different temperaments and a different take on how to conduct business. While Damani was a cautious trader and did not believe in building yarn inventories, Ambani was a known risk-taker and believed in building inventories to increase profit. Extensive marketing of the brand 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. In 1982, Reliance Industries came up against a rights issue regarding partly convertible debentures. It was rumored that the company was making all efforts to ensure that their stock prices did not slide an inch.