Corporate Governance: Principles, Policies and Practices, 3e

Case Study 4

The Tussle over Corporate Governance at Reliance

(This case is based on reports in the print and electronic media. The case is meant for academic purpose only. The writer has no intention to sully the reputations of corporates or executives involved.)

A Brief Note on Ambani’s Entry into Indian Industrial Scenario

Dhirubhai Ambani was the second son of a poor school teacher from Chorward village in Gujarat. He studied up to 10th standard and decided to join his elder brother, Ramniklal, who was then working in Aden. The first job Dhirubhai held was that of an attendant in a gas station. Half a century later, he would become chairman of Reliance Petroleum Limited, a company that owned the largest oil refinery in India. When he died ...