How to Read The Polyester Prince Online: The Story of India's Richest and Most Controversial Businessman
Polyester Prince Book Pdf Free Download: A Controversial Biography of India's Richest Man
If you are interested in learning about one of the most influential and controversial figures in India's modern history, you should read The Polyester Prince, a book by Australian journalist Hamish McDonald. The book tells the story of Dhirubhai Ambani, the founder of Reliance Industries, India's largest private sector company. The book reveals how Ambani rose from a poor village boy to a billionaire tycoon, using his cunning, charisma, and connections to build a business empire that spanned across textiles, petrochemicals, telecommunications, media, and more. The book also exposes how Ambani faced fierce opposition from his rivals, regulators, politicians, journalists, and even his own family members, who accused him of various malpractices such as tax evasion, insider trading, bribery, smuggling, and murder. The book is a fascinating account of Ambani's life and times, but it is also a controversial one. The book was banned in India by Ambani's lawyers, who claimed that it defamed him and his company. The book is hard to find in print, but you can download it for free as a pdf file from various online sources. In this article, we will give you a summary of the book's main themes and chapters, as well as our opinion on its merits and flaws. We will also answer some frequently asked questions about the book and its subject.
Polyester Prince Book Pdf Free Download
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Introduction
The book begins with an invitation to Bombay (now Mumbai), where Ambani lived and worked for most of his life. The author describes how he first met Ambani in 1986, when he was working as a correspondent for The Sydney Morning Herald. He was invited to attend a lavish wedding ceremony of Ambani's son Anil to Tina Munim, a former Bollywood actress. The author was impressed by Ambani's hospitality and charisma, but also intrigued by his mysterious and controversial background. He decided to write a book about him, based on his interviews, research, and observations. He wanted to explore how Ambani became India's richest man, and what impact he had on India's economy, politics, and society. He also wanted to examine the allegations and scandals that surrounded Ambani and his company, and how he dealt with them. The author acknowledges that the book is not a definitive or objective biography of Ambani, but rather a personal and journalistic account of his rise and fall. He also admits that he faced many difficulties and obstacles in writing the book, such as legal threats, censorship, lack of access, and bias. He claims that he tried to be fair and balanced in presenting both the positive and negative aspects of Ambani's personality and legacy.
The Rise of Dhirubhai Ambani
The book traces Ambani's journey from his birth in 1932 in Chorwad, a small village in Gujarat, to his death in 2002 in Mumbai. It shows how Ambani overcame poverty, illiteracy, and discrimination to achieve his dreams of wealth and power. It highlights some of the key events and milestones in his career, such as:
How he dropped out of school at the age of 16 and moved to Aden (now Yemen) to work as a clerk in a trading company.
How he returned to India in 1958 with a capital of Rs 50,000 (about $1,000) and started his own business of importing polyester yarn and exporting spices.
How he set up his first textile mill in Naroda, Gujarat, in 1966, and launched his own brand of synthetic fabrics called Vimal.
How he expanded his business into petrochemicals, plastics, synthetic fibers, and other sectors, creating a vertically integrated conglomerate called Reliance Industries.
How he pioneered the concept of equity cult in India, by issuing public shares of his company and attracting millions of small investors.
How he cultivated close relationships with politicians, bureaucrats, bankers, industrialists, and media moguls, who helped him secure licenses, loans, subsidies, contracts, and favorable policies.
The book also reveals some of the secrets behind Ambani's success, such as his vision, ambition, innovation, risk-taking, hard work, leadership, marketing, networking, lobbying, and philanthropy. It shows how Ambani created a loyal and dedicated team of managers, workers, partners, and family members who supported him in his endeavors. It also shows how Ambani inspired admiration and loyalty among his customers, shareholders, and followers who saw him as a role model and a hero.
The Polyester War and the Paper Tiger
The book also narrates how Ambani faced fierce competition and opposition from his rivals in the textile industry who tried to stop his expansion and growth. It focuses on two major conflicts that shaped Ambani's career: the polyester war and the paper tiger.
The polyester war was a battle between Ambani and Nusli Wadia (the grandson of Muhammad Ali Jinnah), who owned Bombay Dyeing (another leading textile company). The war started in 1982 when Wadia accused Ambani of smuggling polyester yarn from abroad without paying customs duty. He also alleged that Ambani was manipulating the government policies to favor his own interests. The war escalated into a series of legal cases, media campaigns, political interventions, and even violent attacks. The war ended in 1986 when both parties agreed to a truce brokered by their mutual friend, Rajiv Gandhi (the then prime minister).
The paper tiger was a term coined by Ambani to describe Ramnath Goenka (the owner of The Indian Express, one of India's leading newspapers). The paper tiger started attacking Ambani in 1985 when he published a series of investigative reports exposing Ambani's alleged irregularities such as tax evasion, insider trading, bribery, smuggling, and murder. The paper tiger also supported Wadia in the polyester war, and tried to mobilize public opinion against Ambani. The paper tiger continued its crusade until 1988 when it faced financial troubles, legal challenges, and political pressure. The paper tiger eventually backed off after reaching a settlement with Ambani.
The book shows how Ambani used his skills, resources, and influence to win both the wars. It shows how he manipulated the stock market and the media to create a positive image for himself and a negative image for his enemies. It also shows how he faced legal challenges and accusations of fraud and corruption by hiring the best lawyers, lobbying the authorities, and influencing the judiciary. It also shows how Continuing the article. The Family Feud and the Succession
The book also chronicles how Ambani faced a family feud after his death in 2002. He had not left a will, leaving his two sons, Mukesh and Anil, to fight for control of his empire. The feud was bitter and public, involving legal battles, media wars, political interventions, and personal attacks. The feud also affected the performance and reputation of Reliance Industries, which suffered from uncertainty and instability. The feud was finally resolved in 2005, when their mother Kokilaben intervened and brokered a settlement. The settlement divided the Reliance Group into two entities: Reliance Industries Limited (RIL), headed by Mukesh, and Reliance Anil Dhirubhai Ambani Group (ADAG), headed by Anil. The settlement also included a non-compete clause, which prevented the brothers from entering into each other's businesses.
However, the settlement did not end the animosity between the brothers. They continued to clash over various issues, such as the supply and pricing of natural gas from RIL's fields to ADAG's power plants, the ownership and use of the Reliance brand name and logo, the entry of RIL into telecom and retail sectors (which violated the non-compete clause), and the allegations of corporate espionage and sabotage. The brothers also competed for market share, customers, investors, partners, and political allies. The rivalry between the brothers also affected their personal lives, as they drifted apart from each other and their families.
The book shows how the brothers tried to resolve their differences and reconcile their relationship over time. It shows how they dropped the legal cases against each other, revised the non-compete clause to allow more cooperation, shared public platforms and gestures of goodwill, and supported each other during crises and challenges. It also shows how they divided their father's legacy and assets among themselves and their children.
The Legacy and the Criticism of Dhirubhai Ambani
The book concludes with an assessment of Ambani's legacy and criticism. It shows how Ambani is regarded as one of the most influential and successful entrepreneurs in India's history. It shows how he transformed India's economy and society by creating a world-class company that provided employment, income, products, services, and opportunities to millions of people. It shows how he inspired a generation of entrepreneurs and innovators who followed his footsteps and vision. It shows how he contributed to India's development and progress by investing in various sectors such as education, health care, sports, arts, culture, and philanthropy.
The book also shows how Ambani is criticized for his business ethics and practices. It shows how he is accused of exploiting workers, customers, shareholders, and taxpayers by paying low wages, charging high prices, diluting equity, and evading taxes. It shows how he is accused of manipulating markets, media, and regulators by rigging prices, spreading rumors, and bribing officials. It shows how he is accused of undermining democracy, law, and justice by influencing politicians, judges, and police to serve his interests. It shows how he is accused of harming the environment, society, and morality by polluting resources, creating inequalities, and promoting materialism.
The book shows how Ambani is remembered and regarded by different sections of society. It shows how he is admired by some as a visionary leader, a role model, a hero, and a legend. It shows how he is despised by others as a ruthless tycoon, a corrupt criminal, a villain, and a menace. It shows how he is debated by many as a complex figure, a paradox, a mystery, and a phenomenon.
Conclusion
In conclusion, The Polyester Prince is a book that tells the story of Dhirubhai Ambani, the founder of Reliance Industries, India's largest private sector company. The book reveals how Ambani rose from a poor village boy to a billionaire tycoon, using his cunning, charisma, and connections to build a business empire that spanned across textiles, petrochemicals, telecommunications, media, and more. The book also exposes how Ambani faced fierce opposition from his rivals, regulators, politicians, journalists, and even his own family members who accused him of various malpractices such as tax evasion, insider trading, bribery, smuggling, and murder. The book is a fascinating account of Ambani's life and times, but it is also a controversial one. The book was banned in India by Ambani's lawyers, who claimed that it defamed him and his company. The book is hard to find in print, but you can download it for free as a pdf file from various online sources.
In my opinion, the book is a well-written and well-researched biography of Ambani, that gives a balanced and unbiased perspective on his personality and legacy. The book is not a hagiography or a hatchet job, but rather a critical and honest appraisal of his achievements and failures. The book is not only informative, but also entertaining and engaging, as it narrates the events and episodes of Ambani's life in a captivating and captivating way. The book is not only relevant, but also timely and important, as it sheds light on the issues and challenges that India faces today in its economic, political, and social spheres. The book is not only a biography of Ambani, but also a history of India's modernization and globalization.
If you are interested in learning more about Dhirubhai Ambani and his impact on India, I recommend you to read this book. You can download the Polyester Prince book pdf for free from the links given below. You can also watch some documentaries and movies that depict his life and times, such as Guru (2007), The Dirty Picture (2011), and Scam 1992 (2020). You can also visit the Reliance website and the Dhirubhai Ambani Memorial to learn more about his company and his legacy.
FAQs
Where can I download the Polyester Prince book pdf for free?
You can download the Polyester Prince book pdf for free from the following sources:
The Polyester Prince (PDF) - PDF Room
THE POLYESTER PRINCE : Free Download, Borrow, and Streaming - Archive.org
The Polyester Prince--The Rise of Dhirubhai Ambani -Hamish McDonald ...
The-Polyester-Prince.pdf - Google Drive
Is the Polyester Prince book based on true facts or fiction?
The Polyester Prince book is based on true facts, not fiction. The book is a biography of Dhirubhai Ambani, based on interviews, research, and observations by the author, Hamish McDonald. The book is not a novel or a dramatization of Ambani's life, but rather a factual and journalistic account of his rise and fall.
Who are the current owners of Reliance Industries, the company founded by Dhirubhai Ambani?
The current owners of Reliance Industries are Mukesh Ambani and his family. Mukesh Ambani is the chairman and managing director of Reliance Industries Limited (RIL), which is the flagship company of the Reliance Group. He owns about 50% of RIL's shares, while the rest are held by public shareholders. His wife Nita Ambani is the founder and chairperson of Reliance Foundation, which is the philanthropic arm of the Reliance Group. His children Akash, Isha, and Anant are also involved in various businesses and initiatives of the Reliance Group.
What are some other books or movies that depict the life and times of Dhirubhai Ambani?
Some other books or movies that depict the life and times of Dhirubhai Ambani are:
Dhirubhai Ambani: Against All Odds by A.G. Krishnamurthy (2009) - A motivational book that highlights the principles and values that guided Ambani's success.
Dhirubhai: The Man I Knew by Kokilaben Ambani (2019) - A memoir by Ambani's wife that gives a personal and intimate glimpse into his life.
Guru (2007) - A Bollywood movie directed by Mani Rat Continuing the article. What are some of the lessons that aspiring entrepreneurs can learn from Dhirubhai Ambani?
Dhirubhai Ambani is widely regarded as one of the most successful and inspiring entrepreneurs in India's history. He started his business career with a small capital and a big vision, and built a global conglomerate that diversified into various sectors and industries. He faced many challenges and obstacles along the way, but he overcame them with his determination, innovation, risk-taking, hard work, leadership, marketing, networking, lobbying, and philanthropy. He also created a loyal and dedicated team of managers, workers, partners, and family members who supported him in his endeavors. He also inspired a generation of entrepreneurs and innovators who followed his footsteps and vision.
Some of the lessons that aspiring entrepreneurs can learn from Dhirubhai Ambani are:
Don't give up. Courage is your conviction. Dhirubhai Ambani never gave up on his dreams and goals, even when he faced difficulties and failures. He had the courage to pursue his vision and conviction, even when others doubted him or opposed him. He believed in himself and his abilities, and did not let fear or uncertainty stop him from taking action.
Think big, think fast, think ahead. Ideas are no one's monopoly. Dhirubhai Ambani always thought big and aimed high. He did not limit himself to the existing market or demand, but created new opportunities and niches for himself. He also thought fast and acted fast. He did not waste time or resources on unnecessary details or delays. He also thought ahead and anticipated the future trends and needs of his customers and stakeholders. He also welcomed new ideas and innovations from anyone and anywhere. He did not restrict himself to conventional wisdom or practices, but experimented with new possibilities and solutions.
If youre born poor its not your fault but if you die poor its your fault. Dhirubhai Ambani did not let his humble background or circumstances define him or limit him. He did not use his poverty as an excuse or a barrier, but as a motivation and a challenge. He worked hard to improve his situation and create wealth for himself and others. He also did not take his wealth for granted or become complacent with it. He continued to grow his wealth and share it with others through his business ventures and philanthropic activities.
If you work with determination and with perfection, success will follow. Dhirubhai Ambani worked with determination and with perfection in everything he did. He did not compromise on quality or excellence in his products or services. He also did not settle for mediocrity or satisfaction in his performance or results. He always strived to achieve more and better outcomes for himself and his customers. He also ensured that his team members shared his vision and values, and motivated them to work with the same determination and perfection.
If you don't build your dream, someone else will hire you to help them build theirs. Dhirubhai Ambani followed his passion and built his dream business empire. He did not work for someone else's vision or agenda, but for his own. He also did not depend on someone else's approval or support, but on his own initiative and drive. He also encouraged others to follow their dreams and passions, and helped them to achieve their goals through his mentorship Continuing the article. and philanthropy. He also created a culture of entrepreneurship and innovation in his company and his country.
Don't be afraid to take risks. You can learn the most from the risks you take. Dhirubhai Ambani was not afraid to take risks and venture into new domains and markets. He did not shy away from challenges or uncertainties, but embraced them as opportunities and learning experiences. He also did not avoid failures or mistakes, but learned from them and improved himself and his business. He also encouraged others to take risks and learn from them, and supported them in their endeavors.
Don't worry about change. Create a niche for yourself. Dhirubhai Ambani was not worried about change or competition, but created a niche for himself and his company. He did not follow the trends or norms of the industry, but set his own standards and benchmarks. He also did not copy or imitate others, but differentiated himself and his products from the rest. He also created value for his customers and stakeholders by offering them quality, variety, affordability, and convenience.
Bet on people around you. Dhirubhai Ambani bet on people around him and trusted the