Pravinbhai Thakker
Pravinbhai Thakker arrived in Aden
in 1951 where he worked in his
brother's business, `Popular Stores'
which was located in Steamer Point.
Steamer Point, in those days,
was a bustling area as a major
stopover for ships on the main
shipping routes.
It was 1952
when Pravinbhai first met Ramnikbhai Ambani,
elder brother of Dhirajlal Hirachand
Ambani, nicknamed
Dhirubhai, who was working
in the French trading company,
A Besse & Co -
Aden's largest trading company.
Dhirubhai who
was barely 20, arrived in Aden a year later
in 1953 and joined his brother at the Besse
company. He began working for the Royal
Dutch Shell, which was looking after the
petrol division of A
Besse & Co. From day one it became
apparent that here was a young man with
loads of ambition, and was clearly in the
right company to learn from Besse the skills
he would need for the rest of his career.
Like Antonin Besse he learned Arabic quickly
and was soon talking like a local.
The same year,
Pravinbhai decided to branch out on his own,
winning the important exclusive agencies for
Rolex and Canon. He started his shop -
Reliance Stores but continued to be
dependent on A Besse &
Co for a host of other products. Hence
his contact with Dhirubhai continued. The
business contact developed into a
long-standing friendship based on their
common Gujarati origins.
Dhirubhai kept
track of his friend's business progress,
impressed with Pravinbhai's choice of
business name. "I like the name Reliance
very much as it communicates a sense of
dependability to the customer. And look at
you...you now own a Mercedes which means you
have prospered quite a bit. Reliance has
proved to be a very lucky name," said
Dhirubhai.
Dhirubhai
married and after a few years returned to
India while Pravinbhai continued with his
business in Aden till December 1966.
Dhirubhai had developed excellent contacts
in the petroleum business in that part of
the world. Pravinbhai never imagined the name of
his store in Aden would be made so famous by Dhirubhai a few decades later
with his publicly-listed, billion dollar
Reliance Industries company in India. And Dhirubhai
has never hidden this fact from anybody as
he acknowledged the origin of the name
Reliance Industries during a public meeting
in August or September 1977 at Rajkot.
He had gone to
Rajkot with an audio-visual presentation as
part of the road show to raise equity from
the public for the maiden issue by Reliance
Industries. "I have stolen the name of my
company, Reliance, from my friend here," he
told the public. And so
the erstwhile name of a small store in South
Yemen has become famous the
world over.