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Journalism of Courage
MUMBAI, JAN 8: The Reliance group has emerged as the largest wealth creator among the Indian business houses at Rs 73,000 crore of which over Rs 49,000 crore wealth is shared widely by 50,00,000 retail investors.
From a modest beginning in 1977, one out of every four Indian investors today has a Reliance company share in his portfolio and the person behind popularising the concept “wealth creation” among the masses is none other than Dhirubhai Ambani, founder and chairman of the Reliance group.
Ambani who has been voted as the top most “creator of wealth” of the century in the “Indians of the Century” online poll conducted by a newspaper, built India’s largest private sector company from scratch and generated $ 12 billion of wealth for those who put their faith and money in his enterprises.
Over the period, he took his investors, all five millions, from being owners of a fledgling Rs 20-30 lakh firm in the seventies to a situation where they own, in part, Rs 44,000 crore of assets including one ofthe world’s largest petrochemical complexes. Reacting to the honour bestowed on him, Ambani said that the honour should go to the members of the Reliance family including 5 million investors.
