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Mukesh Ambani on 3 lessons he learnt from Dhirubhai

Srishti P
·3-min read

Reliance Industries Chairman and Managing Director Mukesh Ambani during an interaction with Facebook founder and CEO Mark Zuckerbeg at the Facebook Fuel for India 2020 on Tuesday on spoke about how the pandemic is also brings with it an opportunity for businesses and nations, about how Prime Minister Narendra Modi deftly handled the crisis, about how technology can change people’s lives and fortunes, and about the three entrepreneurship lessons he learnt from his father, the late Dhirubhai Ambani, who founded the Reliance conglomerate.

Ambani stated that a crisis is too precious to be wasted, it presents an opportunity for new growth. He praised the efforts of the government and said that Prime Minister Narendra Modi has led India from the front in the battle against COVID and while India is not as rich as some western countries, the PM had taken steps to protect the vulnerable.

Ambani said that Facebook has become the face of a digitally connected India and he called Zuckerberg the true architect of digital connectivity for the world.

Lessons learnt from Dhirubhai

Facebook’s focus on small businesses was given a further push when Zuckerberg said that it is important to provide citizens with access to tools, for communication, finance, social commerce and education to name a few.

The Facebook CEO praised Dhirubhai Ambani's vision and asked Mukesh Ambani what were the lessons he had learned from his illustrious father.

It was then that Ambani revealed the three important entrepreneurship lessons that he learned from his father, Dhirubhai:

1. Courage and self-belief: “All of us know as entrepreneurs that we don't succeed at the first attempt, and self-belief comes to you when you fail. And self-belief increases your confidence when you succeed," Ambani said.

2. Empathy and creativity: "By empathy, I mean, put yourself in the others' shoes, and make sure that how you make them feel is how you would want to feel," he said.

3. Importance of relationships and trust: "The whole of Reliance right now, with hundreds of thousands of people, is one big family. We're not related by birth, but we are really woven together by passion, purpose, and conviction. We have faith in one another," Ambani said.

Reliance founder Dhirubhai Ambani with son Mukesh. Photo: Getty Images
Reliance founder Dhirubhai Ambani with son Mukesh. Photo: Getty Images

India will grow to be among top 3 economies in 2 decades: Ambani

The richest India then added that India will grow to be among the top three economies in the world in the next 20 years and the per capita income would more than double.

India's middle-class, which is about 50 per cent of the nation's total number of households, will grow 3-4% per year, he said.

'I firmly believe that in the next two decades, India will grow to be among the top three economies in the world,' he Ambani.

More importantly, it will become a premier digital society, with young people driving it, he added.

'And our per capita income will go from $1,800-2,000 per capita to $5,000 per capita,' Ambani said.

With inputs from News18, Moneycontrol and PTI