Dhirubhai Ambani

dhirubhai-ambani

Dhirubhai Ambani is the founder of Reliance Industries Ltd, which is today the largest private sector company in India, and one of the largest contributors to income tax to the Govt of India.

Today the Reliance group has multiple companies that are run by his two sons: Mukesh Ambani and Anil Ambani, who have different management styles but very capable and effective in their own ways.

Dhirubhai Ambani was a keen observer, constant learner, and he took calculated risks. Some of them went right, and some did not. He was pragmatic in solving problems and he understood people very well. He believed in new technology, youth and speed.

Above all, he was a generous person with a good heart. Dec 28 is his birthday. Thank you Dhirubhai for everything. Your advice and guidance is really appreciated!

Project Finance for Infrastructure Projects in India

As India metropolis gets cramped for room, need for infrastructure development – road, bridges, industry parks, railroad is paramount. It will only grow as the GDP growth puts additional pressure on feeble Indian Infrastructure. Limited budgetary support is possible – the rest needs to come through an effective “recourse financing” more commonly – project finance. Lenders (banks/financial institutions) finance project based on credit profile of project and not that of the borrowing party and as the name recourse would suggest, borrower too has limited liability as security is confined to project assets only and not borrower’s balance sheet. Continue reading