My Success Is My Worst Enemy

“My success is my worst enemy”

In life, winning is not important. Sometimes, we must lose to know the definition of winning and subsequently to know where we are lagging and to extrapolate our potential. For some people, it is love which makes them do whatever they want with pleasure and touch the sky with glory. Anybody who has ever achieved anything worthwhile has encountered and overcome struggles in their journey, but this part of the process is often left out of the success story, yet is so often the most important part.

There are endless cases to call upon. Sylvester Stallone was compelled to offer his long-lasting companion, his pet dog, for an announced $50 to buy sustenance for himself, while he was endeavoring to make it as an on-screen character, despite everyone revealing to him that it could never happen. After he composed the content for 'Rocky', striving for a considerable length of time to offer it, he was in the long run, apparently offered $100,000 to pitch the content to makers, however he didn’t, as he wouldn't be showing up in the film, but simply offering the content. He clutched his fantasy of being an on-screen character, which was in the long run acknowledged, and his fortune made.

Here is the story about a great person Dhirajlal Hirachand Ambani who is also known as Dhirubai Amabani, was a famous business tycoon who founded Reliance Industries in Bombay with his cousin. He was a revolutionary figure who took the Bombay Stock Exchange by storm in 1982. Coming from a non-corporate background, he relied on his wit and guts to make his fortune instead of family connections. His vaulting ambition, his appetite for risk and his joyful image made him a natural target for most of the players in the market. He was featured in The Sunday Times list of top 50 businessmen in Asia. He took Reliance Industries public in 1977, and by 2007, the combined fortune of the family was $60 billion, making the Ambanis the second richest family in the world. He died on 6 July 2002. Ambani started with 1000 rupees with him and earned money by working with a firm in Yemen in the 1950s and moved to Mumbai in 1958 to start his own business in spices. After making modest profits, he moved into textiles and opened a mill in Naroda industrial area of Ahmadabad. He founded Reliance Industries in 1966, and as of 2012, the company has over 85,000 employees and provides almost 5% of the Central Government’s total tax revenue. Reliance Industries was listed among top Fortune 500 list of world’s biggest companies by revenues.

A diamond is merely a lump of coal that did well under extreme pressure. So, imagine how brilliant a human being can be by sustaining pressures of life. Life’s challenges are not supposed to paralyze you, they’re supposed to unleash your inner strength & help you discover who you are. In 1982, Reliance Industries came up against a rights issue regarding partly convertible debentures. It was rumored that company was making all efforts to ensure that their stock prices did not slide an inch. Sensing an opportunity, a bear cartel which was a group of stock brokers from Calcutta started to short sell the shares of Reliance. To counter this, a group of stock brokers referred to as “Friends of Reliance” started to buy the short-sold shares of Reliance Industries on the Bombay Stock Exchange. The Bear Cartel was acting on the belief that the Bulls would be short of cash to complete the transactions and would be ready for settlement under the “Badla” trading system prevalent in Bombay Stock Exchange during those days. The bulls kept on buying and a price of Rs.152 per share was maintained till the day of settlement. On the day of settlement, the Bear Cartel was taken aback when the Bulls demanded a physical delivery of shares. To complete the transaction, the much-needed cash was provided to the stock brokers who had bought shares of Reliance, by none other than Dhirubhai Ambani. In the case of non-settlement, the Bulls demanded an “Unbadla” (a penalty sum) of Rs.35 per share. With this, the demand increased and the shares of Reliance shot above 180 rupees in minutes. The settlement caused an enormous uproar in the market and Dhirubhai Ambani was the unquestioned king of the stock markets. He proved to his detractors just how dangerous it was to play with Reliance.

The situation was getting completely out of control. To find a solution to this situation, the Bombay Stock Exchange was closed for three business days. Authorities from the Bombay Stock Exchange intervened in the matter and brought down the “Unbadla” rate to