Reliance Industries Limited (RIL), a name synonymous with Indian business success, boasts a remarkable journey. Founded in 1966 by the visionary Dhirubhai Ambani, Reliance's story is one of calculated risks, strategic expansion, and continuous reinvention. This blog delves into the company's early years, focusing on its rise from a polyester manufacturer to a petrochemical giant. Humble Beginnings: Reliance Textiles Dhirubhai Ambani's entrepreneurial spirit manifested early. In 1965, he started Reliance Commercial Corporation, a textile trading company. He identified a gap in the market for affordable polyester yarn, a revolutionary synthetic fiber gaining popularity. With a keen eye for opportunity, Ambani set up Reliance Textiles in 1966, pioneering polyester yarn production in India. Breaking New Ground: PFY Plant and Public Issue Reliance's first major milestone was establishing a polyester filament yarn (PFY) plant in Gujarat in 1970. This marked a significant shif...