Dhirubhai Ambani Nusli Wadia

 

Dhirubhai Ambani Nusli Wadia

Dhirubhai Ambani was the founder of Reliance Industries. He started Reliance Industries with just US $ 1000 of start-up capital in 1969 and later on today it is the Fortune 500 company of the world.

Initially Reliance Industries was started as a Textile company which later on diversified into Petrochemical, telecomm and many other sectors.

Today Reliance is world’s largest polyester manufacturer and once upon a time, Nusli Wadia, the chairman of Bombay Dyeing was the biggest competitor of Dhirubhai Ambani.

Both Nusli Wadia and Dhirubhai were known for their influence in the political circles and their ability to get the most difficult licenses approved during the times of pre-liberalized economy.

During the Janata Party rule between 1977–1979, Nusli Wadia obtained the license to build a 60,000 tonnes per annum Di-methyl terephthalate (DMT) plant. Before the letter of intent was converted into a licence, many hurdles came in the way. Finally, in 1981, Nusli Wadia was granted the license for plant. This incident acted as a catalyst between the two parties and the competition took an ugly turn.

According to rumours, once upon a time, Dhirubhai Ambani sent professional killers to kill Nusli Wadia. (It is written in Polyester Prince Book, which is now out of circulation and this book is known to be the only true biography of Dhirubhai Ambani.)