Dhirubhai Ambani Vs Ratan Tata Birthday Interesting Facts | Business | Dhirubhai Ambani and Ratan Tata’s birthday today: Tata made the cheapest car, Dhirubhai made the biggest petrochemical complex; 3-3 innovations from both

1. Indica: Launched on 30 December 1998​​​​​​ India’s first indigenous car India’s first indigenous car Tata Indica was launched on 30 December 1998. This car was developed under the leadership of Ratan Tata, which was part of his dream to create an affordable and passenger efficient car for the Indian market.

However, the initially launched model had some manufacturing defects. In such a situation, Tata called a meeting of officials and started working on a solution. In the short term, it was decided that the company would set up nationwide customer camps and replace all the defective parts.

A whopping Rs 500 crore was spent on this. Additionally, engineers began working on eliminating the manufacturing defect and launched the Indica V2 in 2001. It became one of the most successful cars in Indian history. The company stopped the production of this car in 2018.

2. Nano: Made a Lakhtakiya car after seeing the family getting drenched in the rain In an interview, Ratan Tata was asked from where did he get the idea of ​​making a car worth Rs 1 lakh. He said, ‘I used to see many Indian families riding scooters. People used to travel on scooters, a child would stand in front of them, behind them the wife would travel on slippery roads drenched in rain with the child in her arms. There was a danger of an accident.

I thought what a dangerous journey this would be for a family. Can we give a safe ride to such families. After this we decided to make a new small car worth Rs 1 lakh.

However, it was not that easy. On 18 May 2006, Ratan Tata announced that he would set up a Tata Nano car plant in Singur, Hooghly district of West Bengal. Then there was a Left government in West Bengal led by CM Buddhadeb Bhattacharya. Mamata Banerjee was in opposition.

Buddhadeb welcomed the Nano project, but Mamata sat on a dharna to protest against the acquisition of land for the project. Mamta’s hunger strike lasted for 24 days. One thousand acres of land had been acquired, but due to opposition the work could not begin.

On October 3, 2008, Ratan Tata had to announce that he would move the Nano plant from Singur to somewhere else. After this Narendra Modi welcomed Ratan Tata to Gujarat. He offered 1100 acres of land to Tata for setting up the plant at the rate of Rs 3.5 lakh per acre.

Within a few days, the Lakhtakia car named Nano was ready at the Sanand plant in Gujarat. It was launched on 10 January 2008 at the Auto Expo in Delhi, its base model was priced at around Rs 1 lakh. It was discontinued in 2019 after falling sales.

3. Eka: India’s first supercomputer India’s first supercomputer ‘EKA’ was developed by Computational Research Laboratories (CRL), a subsidiary of Tata Sons, in 2007. This was a major achievement for high performance computing in India. ‘Eka’ is a Sanskrit word, which means ‘one’.

Ratan Tata was not directly involved in the development of the Eka supercomputer, but as Chairman of the Tata Group, his thinking and vision played an important role in making this project a reality. Ratan Tata was always in favor of making India technologically self-reliant.

He tried to put India on the global stage in High Performance Computing (HPC) by promoting advanced technology projects like supercomputers. Ratan Tata’s global vision did not limit ‘Eka’ to just a national project, but made it internationally competitive. In 2007, it was ranked fourth in the world’s top 500 supercomputers, which was a proud moment for India.

Dhirubhai Ambani

1. Textile: Revolution from India’s first polyester filament yarn Dhirubhai Ambani played an important role in making India self-reliant in the production of polyester filament yarn and making it globally competitive. Under his leadership, Reliance Industries revolutionized the sector and took the Indian textile industry to new heights.

Polyester filament yarn is a synthetic fiber made from polyester. It is used in making clothing and textile products (such as sarees, dress materials, and home textiles). It is a durable, low-maintenance and affordable option, used as an alternative to natural fibers such as cotton and silk.

In 1966, Ambani took a license from the government to manufacture polyester filament yarn. At that time, production of PFY in India was limited and it was imported from abroad. They used modern technology and machinery for PFY production.

Dhirubhai used PFY to make textile products under the Vimal brand, which became very popular in the Indian market. Understanding the Indian market, he not only made high quality products but also made them available at affordable prices.

Earlier India had to depend on foreign countries for PFY, but Dhirubhai’s efforts made India self-reliant in PFY production. He believed that the Indian textile industry would have to master synthetic fibers and PFY to become world class.

2. Petrochemicals: Establishment of the world’s largest petrochemicals complex In the 1980s, Reliance entered the petrochemicals sector. When the company realized the need of raw materials (PTA and MEG) to increase the production of polyester fiber and yarn for the textile industry, the Petrochemicals Complex was established.

This helped the company eliminate dependence on imports for raw materials and reduce costs. Reliance established the first large petrochemicals complex in Hazira, Gujarat, where production of polyester staple fiber (PSF) and polyester filament yarn (PFY) was started. This project became the basis for domestic production of petrochemicals in India.

Jamnagar Refinery is the largest oil refinery in the world today.

3. Telecommunication: India’s telecom sector changed with Reliance Communications Dhirubhai Ambani decided to enter the telecom sector in the 1990s. His objective was to provide communication services to every Indian at low cost. Dhirubhai understood that telecom would be a key sector for India’s industrial and social processes.

After the economic reforms of 1991 in India, private companies were allowed to enter the telecom sector. Dhirubhai recognized this opportunity and planned to make Reliance a leader in this sector.

After the demise of Dhirubhai Ambani in 2002, his elder son Mukesh Ambani and younger son Anil Ambani carried forward his vision in the telecom sector. In 2005, when there was partition between brothers Mukesh Ambani and Anil Ambani, Anil got the telecom sector.

In the partition, it was decided that Mukesh Ambani would not interfere in the telecom industry for the next 10 years, but Anil Ambani took such decisions in business which proved fatal for his companies.

Ultimately, due to financial crisis, Reliance Communications filed for bankruptcy in 2019. However, in 2016, Dhirubhai’s elder son Mukesh formed Reliance Jio, which is today the country’s largest telecom company.

Now some interesting things related to both the business tycoons…

Ratan remained chairman for 21 years, Tata Group’s profit increased 50 times

• Joined the family business in 1962. Initially he worked on the shop floor of Tata Steel. After this he continuously advanced to management positions. In 1991, J.R.D. Tata stepped down and the command of the group went to Ratan Tata.
• Upon turning 75 in 2012, Tata stepped down from executive functions. During his 21 years, Tata Group’s profits increased 50 times. Most of this revenue came from overseas sales of popular Tata products like Jaguar-Landrover vehicles and Tetley.
• After leaving the post of chairman, he appointed 44-year-old Cyrus Mistry as his successor. His family was the largest individual shareholder in the group. However, over the next few years, tensions between Mistry and Tata increased.
• In October 2016, after less than four years, Mistry was ousted from Tata’s board with the full support of Ratan Tata. Tata stepped down as chairman until a new successor was named in February 2017.

He himself drove his friend 50 years younger to him for dinner.

• 30 year old Shantanu Naidu, considered closest to Ratan Tata, had shared many aspects of his personality in a conversation with Bhaskar. Shantanu is the General Manager of Tata Group. He told that he had gone to dinner with Tata.
• Tata himself drove the car and took him to Mumbai’s ‘Thai Pavilion’. During dinner I asked Tata, when I graduate, will you come to my graduation ceremony? On this Tata said, ‘I will try my best’ and he also came.
• Shantanu told, ‘I met him for the first time when I was going to America to pursue MBA at Cornell University. Seeing my injury, he jokingly said, ‘Did a dog bite me?’ He immediately apologized and said it was a very bad joke.

Donated Rs 500 crore during COVID-19 pandemic Ratan Tata was deeply involved in the Tata Trusts, the group’s philanthropic arm. This arm of Tata Group works in sectors like education, healthcare and rural development.

Throughout his career, Ratan Tata made it a point that 60-65% of Tata Sons’ dividends be used for charitable causes. Ratan Tata had donated Rs 500 crore to fight the COVID-19 pandemic.

Ratan Tata donated $50 million to Harvard Business School to establish an executive center. He studied from here. His contributions have earned him respect globally, further enhancing his legacy as a philanthropist and visionary.

Dhirubhai gave mobile phones to Indians for Rs 600

• In the 1950s, Dhirubhai started a job at a Shell company petrol pump in Yemen with a salary of Rs 300 per month. Became a manager in 2 years. Took the risk of leaving this job and coming to India and starting my own business.
• In 1977, Dhirubhai had decided to launch India’s first IPO. He had issued 2.8 million shares at a price of Rs 10 each. That IPO was 7 times oversubscribed. Investors got good profits in this.
• Dhirubhai Ambani’s idea gave people in India the facility to talk on the phone at a low cost. In the year 2002, Reliance entered telecom with the slogan ‘Kar lo duniya muthi mein’. Made mobile calls for Rs 600 and calls at 15 paise per minute.
• Dhirubhai Ambani was considered a brilliant team leader. Even a small employee of his company could come to his cabin and tell him his problem. Ambani used to listen and solve the problems of every employee.
• Dhirubhai believed that those who dare to dream can conquer the whole world. If you do not fulfill your dream, then someone else will fulfill his dream by hiring you.

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Ratan Tata’s parents separated in his childhood, he was raised by his grandmother; Made the cheapest car after seeing the family getting drenched in the rain

Under the leadership of Padma Bhushan and Padma Vibhushan awardee Ratan Tata, Tata Group launched the country’s cheapest car and recently bought debt-ridden Air India in a cash deal worth Rs 18,000 crore. Ratan Tata, who was very successful in business, liked simplicity in his personal life and lived in his small flat in Mumbai. Read the full news…

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