HE CHANGED THE INDIAN STOCK MARKETS: Dhirubhai was praised for his key role in shaping India's stock market culture by attracting hordes of retail investors to a market dominated by state-run financial institutions.
The history of the Indian market, there are two distinct eras -- 'Before Dhirubhai' and 'After Dhirubhai'. In the first, people invested in gold or land; the stock exchange was an arena reserved for the rich.
But that changed forever when Reliance went public in 1977. Dhirubhai created a new class of Indians -- middle-class investors. Buying into the Ambani legend was one of the wisest decisions they ever made.