In 1938, he founded his own political party. [fact]
In 1938, he founded his own political party, the Independent Labour Party (ILP). As its name suggests, the programme of the ILP was broad-based, overtly socialist and was not limited to issues of caste. … Though it was a young party, the ILP did extremely well in the 1937 elections, winning sixteen of the eighteen seats it contested in the Bombay Presidency and the Central Provinces and Berar.
Ambedkar, B R, Annihilation of Caste_ The …, loc. 357