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computerescue.info Download ( MB) · English · 日本語 · Português ( Brazil) · Deutsch · Русский · Français · Svenska · हिन्दी · Español · Norsk. To ask other readers questions about The Polyester Prince, please sign up. Hmmm, well after much search on internet i got this book in both PDF and Word . The Polyester Prince is the title of a biography of Dhirubhai polyester fibre to help the group at the expense of its computerescue.info). Arguments.

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Moneylife Foundation. Fredy Alvarez Lucas. More From ScribdGeek. Idi Naa Katha - Mallemala M. Reddy Autobiography. Mathai Part 2 of 2. Mathai Part 1of 2. Kapil Sethi. The next day. It was also unashamedly concerned with money and numbers.

An interview was promised shortly, once the festivities were over. An early cover story was clearly a possibility, an antidote to the gloomy political news out of Delhi.

It would help my standing at the Far Eastern Economic Review if India was an upbeat business story and I was right on to it. That of course was the desired effect. Reliance was desperate to raise funds for expansion and was looking to foreign sources, so some image-building in a prestigious magazine was highly useful. The interview, when it took place a month or so later, was stimulating. Dhirubhai Ambani came limping around a huge desk when I was ushered to a sofa and greeted me warmly.

His attention was unwavering. Disarmingly, Dhirubhai admitted to many of the youthful episodes that were the subject of rumour, and responded evenly when I raised some of the criticisms commonly leveled against him. It just meant they were trapped in their complacency while he was racing ahead. Everybody has his own self-interest. Once you recognise that, everybody would be better off. In India success was seen as the prerogative of certain families. Naturally enough, Ambani and his PR men were pleased.

His one quibble, I was told, had been my pointing out some glossed-over problem areas in the Reliance annual reports, which had been put in the notes to the accounts, fine-print areas that only the professional analysts re-ally read. The comments were true enough, but they made it look as though Reliance was unusual among Indian companies in these practices. The Reliance public relations office continued to be attentive, supplying advance notice of newsworthy events. I sent off some clippings, intrigued that the man accused of smuggling whole factories through the ports of India now seemed to be advocating Swiss efficiency in place of the lax administration of which he had supposedly taken advantage.

The proposal got to a high level in the government before being canned, but not before causing panic in the Indian customs service-which may have been all Dhirubhai wanted to do anyway. There was a company-organized trip out of Bombay up to its new petrochemicals plant at Hazira, involving a bumpy fight in a chartered turboprop to the airfield at Surat, bare of airport terminals or navigational aids as far as could be seen, and a drive through the old textile trading city, squalid despite its lucrative silk and diamond industriesand, a couple of years later, notorious for an outbreak of bubonic plague.

Across the Tapti River, a glittering array of pipes and towers had indeed come up, and cryogenic tankers full of sub-zero ethylene were tied up at the jetty. Reliance was clearly not just a paper empire. But the history of political and corporate activity had put a sinister shadow across the gleaming success. Mostly it was the friends, it seemed, who got the jobs. People made bitter and cynical remarks about the Ambanis in private. The press cover-age, especially in the Indian business magazines, had a repetitive quality.

A myth was being created and sustained. In the shouting and jostling, the two Ambani sons had to fee the stage.

The controversies kept continuing right through the s. Dhirubhai Ambani attracted adulation or distrust. To his millions of investors, who had seen their share prices multiply, he was a business messiah.

He is one of the most talked about industrialists and for Gujarati people he has tremendous emotional and sentimental appeal. He is their ultimate man, and has inspired many emulators. The second Dhirubhai Ambani is a schemer, a first-class liar, who regrets nothing and has no values in life. Then there is the third Dhirubhai Ambani, who has a more sophisticated political brain, a dreamer and a visionary, almost Napoleonic.

People are always getting the three personalities mistaken. In a legal chamber lined with vellum-bound case references, a senior lawyer took an equally stark view.

In the United States you can build up a super corporation but the political system is still bigger than you. In India the system is weak. If the stock exchange dares to expose Ambani, he tells it: I will pull my. I am bigger than your exchange. If the newspapers criticise, he can point out they are dependent on his advertising and he has his journalists in every one of their departments.

If the political parties take a stand against him, he has his men in every party who can pull down or embarrass the leaders. He is a threat to the system. Today he is undefeatable. Surprisingly, the role played by Dhirubhai Ambani received only cautious side-references in most books about contemporary Indian politics.

The work of the economic historians largely cut out in the s. The few biographies of other Indian businessmen were commissioned works, not very well written, and notable for a worshipful attitude to the subjects. No one drank, cursed, cheated or philandered. Their workers were all part of the family. Almost everyone lived an abstemious vegetarian life, accumulating wealth only to give it away to temples, hospitals and schools.

By , Reliance was tapping investors in Europe for funding, and international investment funds were being allowed to play the Indian share market directly. A few years later, the company had started borrowing in New York on a large scale. The Ambani story was becoming of greater interest outside India, at least to investors and perhaps to a wider audience watching the explosive growth of capitalism across Asia.

The idea of this book occurred in , and I put it to Dhirubhai Ambani later that year at a second meeting in his Bombay office. Ambani seemed receptive, and agreed that his life story could be inspiring for a younger generation of Indians as well as interesting to those thinking of dealing with India. I left the meeting with an understanding that he had agreed to talk about his life at meetings to be arranged and that, if so, I would show him the completed draft as a courtesy and listen to any objections-but retain the final say on the content.

The book would not be credible otherwise, Ambani concurred. A year slipped away without further progress, and then relations with Reliance took a downturn. By the end of , Reliance was in the bidding for several oilfields in the Arabian Sea. The government oil search corporation had discovered the fields but did not have the funds to build the huge production rigs, gas compressors and pipelines that were needed.

Several contacts among rival bidders were alleging that the tender was being rigged in favour of Reliance.

In the event, Reliance swept the field, and a director with one of the losers told me: Thereafter, I wrote occasionally about Reliance and, in July , left my job with the magazine to spend more time on the book. A letter to Dhirubhai Ambani informing him of this move went unanswered.

Over the following 18 months, the. Action for exemplary damages. Word of some of these meetings must have been passed back to Reliance. Some others-such as his former Aden colleague and Middle East coordinator in Dubai.

I said. Almost everyone wanted to know if the book was authorised or sponsored. A month later. One Bombay journalist who agreed to share his knowledge picked up the telephone immediately I arrived at his flat and rang Anil.

At the appointed time. Dinesh Sheth. Many of those people who knew Dhirubhai Ambani in his early days in Junagadh and Aden and then starting his business in Bombay were willing to talk. Those who did agree to talk for the most part insisted on anonymity: Muchhala was sorry.

Dhirubhai Ambani did respond to a birthday greeting sent at the end of December I was invited to lunch by a pair of Reliance public relations executives and quizzed closely about my intentions.

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Phiroz Vakil. It was neither. Among some others. The reception varied. Singh said. Sheth professed ignorance of my previous letters. Bharat Kumar Shah.

A secretary telephoned him: As my research and writing progressed. At the same time. The book is less satisfactory and less sympathetic. Even so the overall result. At this point it had not even been completed. Mahabat khan had of them. There are few of the modern ferro-cement extravagances built by the newly rich.

But if the landscape is monotonous. Once you are in Kathiawar. The local scooter-taxi is the Enfield motorcycle grafted to a fat tray resting on two wheels at the back. Even in the s. Junagadh and its surrounds. The standard building material is a porous duncoloured stone cut by saws into ready-made blocks from pits near the seashore. The Nawab was the first political target to come into the sights of Dhirubhai Ambani. The homes of wealthy merchants are decorated with mouldings of swans.

The land itself is dry. The monsoon rains quickly run off down the short rivers and nuilahs that radiate from the central rocky hinterland out to the sea. The roads are lined with stunted pipul fig trees.

It was the only moment in modern times that Junagadh has figured in the calculations of nations and statesmen. A few times a week. The last steam engine on regular service in India. The railway network was built to connect each of the several former principalities of Kathiawar to the outside world rather than with each other. Two and a half centuries later.

The women drape themselves with cotton scarves tiedyed in red and orange. In the town itself. The city was an important centre for Hindu rulers of Gujarat in the first millennium.

Most were from Gujarat. Dutch and Portuguese. Massive double doors. On the coast to its west. Up until the early 15th century. Smaller traders also took advantage of Pax Britannica by taking steamer passages to all corners of the Indian Ocean and Southeast Asia-no passports were needed-and opening small stores and service stations. In the steep Girnar hills above the city of Junagadh.

Later of course the East India Company grabbed its monopolies in opium. Mughal rule gave it some stability with Muslim rulers controlling its largely Hindu population. The Gujaratis were prominent in this pre-colonial Indian Ocean trading network. The small ports of Kathiawar took part in this trade.

Indian entrepreneurs-in Calcutta the Marwari traders and moneylenders originally from Rajasthan. Junagadh suffered four centuries of sackings. At night. Chinese junks had also come to western India.

Gujarat was the trading hub of ancient India. The seaborne traffic between the west coast of India and the Arabian ports goes on as it has for millennia. India and Europe. Later India and India-based European traders became the trade intermediaries between the Arab and Chinese spheres.

To the south. A blood-drenched history and complicated mythology are attached to the landmarks and constructions of Kathiawar. A five-metre long cannon broods over the town from the ramparts. Looming over Junagadh city. Bhaskar Bhattarcharya.

Dhirubhai Ambani is part of that culture. Even the trading class will have extraordinary expressions. The Gujaratis were stingy with their customers and stingy with themselves.

Adventure is second nature to them. In East Africa.

Hm Are You a Human?

Kathiawari traders have more vibrant terminology than other traders. Ambani was born to be a trader.

They have less hypocrisy. Among the Gujaratis. Although socially below the Brahmins priests and scholars or the Kshatriya warriors and landowners and rarely part of aristocratic elites.

The epicurean ways of the Bhattarcharyas from Bengal contrasted sharply with those of the Patels or Shahs from Gujarat. Centuries before the modern banking system. The people are so colourful because the landscape is so colourless. They were the first to go out of India for better prospects. Two of the biggest commercial families in Uganda. This instantly provided a whole network of relationships. The effect was to find the Gujarati diaspora worldwide. All of the other business communities affect modesty to the point of hypocrisy.

Amongst Gujaratis. Of course. Vaisya shroffs or bankers were the conduits of a highly monetised Indian economy. The East African shilling.

Until My parents liked to splash out. They marshalled huge amounts of capital. They fill their heads with colour. Shiva had preached that the world was unreal and an impersonal abstract essence was the absolute reality and truth. But the main object of their pilgrimages. In later years. The Jain and Buddhist religions. In his classic text on the Vaishnavas of Gujarat. This upsetting of the balance of the Varnas has been greatly due to economic causes.

It was a philosophy that justified their way of life and gave a divine purpose to their roles as providers and family members. The merchant and the financier and the capitalist have.

Their practice of Hinduism follows the Vaishnavite path. In The Modh are one of three Bania castes in this part of Gujarat. Ambani and his family made frequent visits to the temple of Srinath. A justification of their way of living. This idol represents Srinath. A saying in Gujarat goes: Portraits based on the Nathdwara idol are often seen in the offices of Bania businessmen. Thoothi pointed out that this naturally appealed to the people of a land richly endowed with opportunity like the central parts of Gujarat.

Vallabhacharya saw a personal god who created and sustained life. If the Modh Bania practise piety in the temple. For reasons that are not clear.

The three-storey building. As Vaishnavism grows. We have noticed. Srinath has become the familiar god of the Modh and other Banias. His school became known as Vaishnavism. They are strict vegetarians. It also fitted the rising social status of the Banias in Gujarat. His father. Shanti Sadan and Anand Bhavan. Jayan Shah. Sons inherited family property in equal proportions.

The Bania occasionally got together for meals or picnics. Ambani senior was headmaster of the Chorwad primary school. An uncle of Viren Shah and Jayan Shah had even retired from business and become a Gandhian social activist in Chorwad. Ambani was married twice.

For centuries it has been a custom for young men to make trading voyages to Arabian ports. It is set a mile or so back from the fat Arabian Sea coastline where the Nawab had a two-storey summer palace built of the dun-coloured stone quarried from pits nearby. From His second marriage gave him five more children. Hirachand Ambani. It is a two-roomed stone dwelling with a stamped carthern floor. The railway from Junagadh bypassed the town to the cast.

Hirachand Ambani made little money. The two houses of the Shah family in Chorwad. But all this was a nebulous heritage for Dhirajlal Hirachand Ambani. The Ambani children mixed freely with the Shahs. He is better remembered as a village schoolmaster in the administration of the Nawab of Junagadh.

The Shah family had become early followers of Mahatma Gandhi-also a Bania from Kathiawar-and often gave him accommodation in Calcutta. The family home still stands in a hamlet called Kukaswada. As well as learning all the ways of business. His home-town was Chorwad. The industrialist and parliamentarian Viren Shah. The village schoolmaster was private tutor for several years for another member of the same family.

The movement for Indian independence had not. His abstemious lifestyle was an extension of their own ideals. The Second World War had largely passed by Kathiawar. In Junagadh. But a real self-interest was also involved. Krishnakant Vakharia. Dhirubhai was welcomed with great affection.

The Polyester Prince: The Rise of Dhirubhai Ambani

This shared with a university college a large yellow stucco edifice on the outskirts of the city that had been built in by the nawab of the time and named after him. Vakharia recalls that all were inspired by the nationalist ideals of Gandhi. Dhirubhai was quickly infected by the independence mood.

He found accommodation in a boarding house funded by the Modh Bania for children of their caste. Dhirubhai was admitted as a free student. His police force and its detective branch kept a close watch on the independence movement. The Nawab. His activities were financed by Indian industrialists from the Hindu trading castes. The industrialists also saw in the Bania-born Gandhi a counterforce within the Indian National Congress-the main secular vehicle of the independence movement-to the socialist and communist ideas that had taken a strong grip on the thinking of educated Indians.

Monteith at his side. The Modh boarding house where Dhirubhai was staying became the headquarters of a new group to push these ideals.

On returning from South Africa. Shah remembers him dropping by to pay his respects during a vacation back in Chorwad. Patel and most of all the socialist Jayaprakash Narayan. Gandhi had established his ashram in Ahmedabad. The two took part in a gathering of students to discuss the freedom movement. Jayan Shah remembers Dhirubhai. At the Bahadur Kanji School. Junagadh was close to the western side of Pakistan.

If there is any breach in the undertaking. Vakharia became the president of the Sangh. Then there was Junagadh. But its fragmented territory was interlocked with that of neighbouring Hindu-ruled states.

It is here that Dhirubhai shows a spark of his later genius at bringing apparently irreconcilable demands into an accommodation.

In the immensely wealthy and large central Indian state of Hyderabad. As wore on and partition of British India along Hindu Muslim communal lines became more likely. Dhirubhai and Nanavati.

In most of the more than states. By August. In Kashmir. Activities were to include meetings to salute the proposed national fag of India-the saffron. Bhutto kept in close touch with Jinnah and had the Nawab obey. Dhirubhai whispered that there was nothing wrong in giving this undertaking. They decided to invite him to address their members in the compound of a boarding house for lain students. At one time we printed pamphlets with a photo of Gandhi. Bhutto himself was the father and grandfather of two later prime ministers of Pakistan.

Zulfikir Ali Bhutto and Benazir Bhutto. Two Muslim communities. On 8 November. Hodson believes Jinnah never actually thought Junagadh would be allowed to join Pakistan. As his administration lost its grip. We used to send someone to Jetalsur or Jedpur in the Indian union to pass on the information.

Two subordinate territories of Junagadh. Gandhi kept in touch with supporters inside Junagadh by human couriers simply walking across the open frontiers of the isolated state.

Food shortages developed. From a temporary base in Rajkot. The objective of the exercise was to set uncomfortable precedents for Nehru in the more pressing contest for Kashmir and perhaps Hyderabad. As it became clear that Pakistan was in no position to support the Nawab. Other nationalist journalists. If the Indians simply marched into Junagadh. Hindus turned on the Muslim minority and massacred whole communities in some outlying villages.

Vakharia recalls a small communal riot breaking out in Junagadh soon after independence. Nehru adopted the course of negotiation while throwing a military noose around Junagadh in the neighbouring Hindu-ruled states. Indian nationalists began agitating within and without Junagadh for the overthrow of the Nawab.

The students of the Junagadh Vidyarti Sangh went to the area to protect the Muslim shops. The Indian Army moved into Junagadh without incident on 9 November. In Bombay on 25 September. The students in the Junagadh Vidyarti Sangh threw their limited weight against the Nawab also. If Nehru agreed to a plebiscite in Junagadh. On finishing high school.

With his family still extremely poor. It was a debt Dhirubhai was to collect from Shah in controversial circumstances more than 30 years later. But many other entrepreneurs have also sprung from the same background in Kathiawar: Dhirubhai returned to his studies. Dhirubhai had no such option. Dhirubhai was physically strong.

But we were determined we would not go until our colleagues were released. Vakharia studied law and continued with his political activity. The leaders of the Sangh went to the police headquarters and met the police commissioner. He was arrested by the police as one of the looters and taken to the lockup early in the evening. The arguments went on for two or three hours. The people of Junagadh voted overwhelmingly to join India when a plebiscite was held in February While he also learned that life is a web of relationships and obligations.

At the age of On graduating in he moved to practise in Rajkot and then Ahmedabad and eventually came back into the Congress later in an active legal. Eventually they decided to let Shah go at midnight.

The main unit of money. They traced the disappearing coins south to the trading port of Aden. It had 30 branches. It was indeed successful: Maganbhai Patel. After three months it was stopped. Dhirubhai later reminisced. Inquiries found that an Indian clerk named Dhirubhai Ambani.

Aden had flourished in Roman times as a way station on trading routes between Egypt and India. So he began downloading Rials.

Another Gujarati. Aden had been an important link in the ties of Britain to the Indian Raj. Tony and He was hired. From its occupation by a detachment of Indian sepoys sent by the East India Company in The Indian rupee circulated as its currency until it was replaced by the East African shilling in Founded by a Frenchman named Antonin Besse.

The opening of the Suez Canal in revived its importance. As Susheel Kothari notes: A network of personal contacts kept jobs within the same community. Behind this shield of bullets. Just before mass air travel arrived with the first passenger jets. Aden York in to become the biggest ship. Acquisitive individualism was mitigated only by ethnic and other local solidarities formed outside rather than within the town.

Later in the s. As one of its last governors. This sparked off a construction boom which saw Aden extend be-yond the wastes and saltpans of the causeway which had been kept clear for defensive reasons in earlier times. It became a more modern economy. Between the world wars. Charles Johnston. Aden indeed consisted of a hierarchy of brokers from the heads of foreign firms to the lowest workman or child who offered his labour or hawked in the street.More From ScribdGeek.

Just an amazing read that to open the mind and a way to look behind the curtain and understand who appears to be at front are puppets,players are behind the curtain!!!!!!! No wonder the people especially stock traders of Gujarat had held him in high regard.

Deora later became the head of the Bombay Municipal Corporation -the mayor. Pai in the mid. In addition. Very well done throughout the book with well researched facts, a pinch of dramatisation and anecdotal sto Great to know the behind the scene story of the Ambanis.

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I do love reading novels upliftingly. Look over my other articles. I have a variety of hobbies, like toboggan.