True Grit: The phenomenal growth of the Indian entrepreneurial spirit
From JRD Tata to Dhirubhai Ambani and Sanjeev Bikhchandani, how entrepreneurs helped India through its transition from an agrarian economy to state-controlled industry and on to an era where unicorns have taken the centrestage
By: Madhu Kapparath
Dhirubhai Ambani is the lighthouse example of an entrepreneur, who created an equity cult in Indian stock markets. A dispatch clerk at A Besse & Company, he was sent to manage an oil filling station at Aden, in Yemen, where he roamed the souks to watch merchants trading goods worth millions in global currency. In 1958, he returned to India and set up a textile trading company. The brand’s ‘Only Vimal’ tag line turned chiffon and polyester sarees into style statements.
