Mukesh Ambani joined Reliance Industries Limited back in the year 1981, and he was the one who set up Reliance Infocomm Limited, which is now Reliance Communications Limited. At the young age of 24, he led the construction of the Patalganga petrochemical plant, which was a major step in Reliance's journey in the oil refinery and petrochemicals. In the coming years, the billionaire business tycoon made a series of decisions that changed the game for Reliance Industries.
In February 2024, Reliance Industries Limited became the first Indian company to touch Rs. 20 lakh crore in market capitalisation. This was a huge moment not just for Mukesh Ambani but for the entire nation, as Reliance Industries Limited (RIL) became the 48th most valuable company in the world.
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It's incredible the way Mukesh Ambani became India's richest person and made his company, Reliance Industries Limited top the list of India's biggest companies. The reason why Mukesh Ambani's success as a business tycoon is full of inspiration is the fact that he is a college dropout. For the unversed, Dhirubhai Ambani and Kokilaben Ambani's son, Mukesh Ambani completed his schooling from Mumbai's Hill Grange High School and studied at Mumbai's St. Xavier's College too.
After that, Mukesh Ambani went to the Institute of Chemical Technology at the University of Mumbai, where he completed his Bachelor's degree in Chemical Engineering. Not only this, Dhirubhai Ambani even sent his son, Mukesh Ambani, to Stanford University to pursue an MBA degree. However, it was in 1980 when Dhirubhai Ambani told Mukesh Ambani to leave his degree and return to India to help him assist in his business.
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Multiple reports indicate that Dhirubhai Ambani's health also started deteriorating, which was another reason why he told Mukesh Ambani to leave his degree midway and reach India as soon as possible. Despite not being able to complete his MBA degree at Stanford University, Mukesh Ambani went on the ground and learnt everything from the scratch through real-life experiences.
Courtesy of his incredible success story, Mukesh Ambani is a constant source of inspiration for so many business enthusiasts across the world. Once, in a conversation with Microsoft's CEO, Satya Nadella, on Business Today, Mukesh Ambani shared some bold business ideas that he has learnt from his decades of experience in the business world so far. Not only this, he also gave a series of bold advice to young entrepreneurs, and it was indeed a treat to listen to India's richest person, who has a mammoth net worth of Rs. 7.65 lakh crore. So, without further ado, let's get straight into it!
There's no denying the fact that degrees are hugely important in India. Even to this day, a large section of our youth is focused on getting a degree more than learning a skill, which is why there are so many people with degrees but not the right skill set. Despite dropping out of Stanford University, Mukesh Ambani went on to become India's richest person and made Reliance Industries Limited India's number-one company.
During the conversation on Business Today, Mukesh Ambani also added that a person should never limit their success. The billionaire clearly stated that he always takes a chance to consider new opportunities to grow his conglomerate, Reliance Industries Limited (RIL). Even after achieving almost everything, Mukesh Ambani looked super-excited to partner with Microsoft even at the age of 63, which explained his part of always being hungry for more.
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Another important piece of advice that Mukesh Ambani shared with fellow business people and young entrepreneurs is to always prioritise people. The billionaire cited the example of Microsoft's CEO, Satya Nadella, and revealed that the latter is an amazing leader because he relies heavily on building partnerships and trust. In addition, Mukesh Ambani also told business owners to never look at their employees as products.
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When Mukesh Ambani was asked to share another piece of advice that helped him scale Reliance, the Chairman and Managing Director of RIL clearly stated that he always aimed high in life. The billionaire businessman strictly told the youngsters to aim for big things in life. Sharing his thoughts on why one should always focus on their goals instead of worrying about obstacles, Mukesh Ambani said:
"To the youth, dream big. Align your passion and purpose in life with a goal. If you focus on the goal, you will overcome all obstacles. If you focus on obstacles, you will never reach your goal."
We hope Mukesh Ambani continues to share his valuable experience in the business space with aspiring entrepreneurs across the world. What are your thoughts on Mukesh Ambani's business ideas? Let us know.
Also Read: Dhirubhai Ambani's Death Anniversary: Interesting Facts About How He Built Reliance From Scratch
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