Is the 2007 drama Guru a true story about India's most famous industrialist?

Is the 2007 drama Guru a true story about India's most famous industrialist?
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In short: Director Mani Ratnam's Guru follows an ambitious villager who builds a massive textile empire by navigating India's restrictive License Raj. While many viewers speculated the film was a biopic of tycoon Dhirubhai Ambani, Ratnam maintained the story was a work of fiction inspired by various past and present accounts.

The film centers on Gurukant Desai, who leaves his village in Idar, Gujarat, to seek fortune abroad before returning to India. His rise to power is marked by aggressive expansion and the creation of the Shakti Corporation. To overcome the bureaucratic hurdles of the License Raj, the protagonist resorts to smuggling, bribery, and stock market manipulation. These actions eventually draw the ire of Manik Dasgupta, a principled newspaper publisher who launches a crusade to expose the corruption behind the conglomerate's success.

The narrative culminates in an October 1980 government inquiry where a paralyzed, defiant Guru defends his methods. He argues that his illegal shortcuts were a necessary response to an archaic and restrictive system that stifled entrepreneurship. The tribunal ultimately clears him of 27 out of 29 charges, fining him ₹6.3 million. This climax, which critics have compared to the works of Frank Capra, frames the protagonist not merely as a villain, but as a complex figure shaped by the economic realities of post-independence India.

Beyond the plot, the film is noted for its technical and artistic achievements. Abhishek Bachchan’s performance as the titular character received widespread acclaim, with critics highlighting his portrayal of the character's evolution from a young, ambitious man to an aging, overweight tycoon. The soundtrack, composed by A. R. Rahman, was a significant commercial success, selling approximately 1,150,000 units. Despite the controversy surrounding its alleged biographical nature, the film was a global box office hit, grossing over ₹83.67 crore by February 2007 and earning positive reviews for its direction, screenplay, and acting.

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