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How To Grab An Opportunity: A Bania Version

It is a story of business acumen and taking up the opportunity as it appears on the horizon.

In the 1950s, officials of Arabian Kingdom of Yemen realised something unusual happening to their country’s currency. The currency ‘Rial’ had started losing its value. Also, they saw ‘Rial’ disappearing from circulation and began to find out the reason behind it. The trace led them to south of the country, to the trading port of Aden.

They found out about an open order out in the souk (Marketplace) of Aden for as many rials as were available. Here in the Souk, an Indian clerk, barely in his 20s, had made this order to buy ‘Rials’. The reason behind buying was the fact that the coins were heavy in silver content and its value was higher than the exchange value of the coin against British pound.

The Indian clerk sought to buy these coins, melt them and sell the silver ingots to the bullion traders of London. The margins were small but he took home nearly Rs.100000 in the end. He was a Gujarati Bania who made it large in the years to come.

The Indian Clerk working on the Aden Port was none other than Dhirubhai Ambani!

5 thoughts on “How To Grab An Opportunity: A Bania Version

  1. Many types of opportunities have been created in past but after crossing the accidents I thought ,, I should had been accepted that ,, but at the same time opportunity and intelligence were not found ,, !! So please give me some advice how to search and found opportunity at that great time!!!🙏

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