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Reliance Industries

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Reliance Industries
Company typePublic (NSE: RELIANCE)
IndustryOil Conglomerates
Founded1966 As Reliance Commercial Corporation
Headquarters Mumbai, India
Key people
India Mukesh Ambani, Chairman & Managing Director
ProductsPetroleum and Petroleum Products
Retail Stores
Polymers
Polyesters
Chemicals
Textile
Revenue$28 billion (2007)
US$ 3.65 billion
Total assets17,559,860,000,000 ±10000000 Indian rupee (2024) Edit this on Wikidata
Number of employees
~ 100,000 (2007)
Websitewww.ril.com

Reliance Industries Limited (NSE: RELIANCE) is India's largest private sector conglomerate with an annual turnover of US$ 28 billion and profit of US$ 2.033 billion for the fiscal year ending in March 2006 making it one of India's private sector Fortune 500 companies. [1] It was founded by the legendary Indian industrialist late Dhirubhai Ambani in 1966.

Though the company's oil-related operations forms the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh and Anil Ambani, the group was divided between them in 2006.

Stock

  • According to the company website "1 out of every 4 investors in India is a Reliance shareholder." See:[2]. Reliance has more than 3 million shareholders, making it one of the world's most widely held stock. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow from strength to strength. Reliance companies have been among the best performing in the Indian stock market.

Products

Reliance Industries Limited has a wide range of products from petroleum products, petrochemicals, to garments (under the brand name of Vimal), Reliance Retailing has also lately entered into the fresh foods market as Reliance Fresh

Management

It is headed by Dhirubhai's son, Chairman Mukesh Ambani.

Subsidiaries

[2]

Corporate rankings

  • It featured in the Fortune Global 500 list of ‘World's Largest Corporations' for the fourth consecutive year
  • Ranked 269th in 2007 having moved up 73 places from last year.
  • Featured as one of the world's Top 200 companies in terms of Profits.
  • Featured among top 50 companies with the biggest increase in Revenues.
  • Their maiden CSR (2004-05) report was the first Corporate Sustainability Report from the Indian Oil & Gas sector. Further, this report obtained “in-accordance” 2002- guidelines status from the Global Reporting Initiative (GRI) - the official collaborating centre of the United Nations Environment Programme (UNEP)
  • RIL was the only Indian private sector company to be listed in the Top-500 companies in the world in terms of market value in Business Week's The Global 1000 List, July 2004.
  • Reliance emerged in top positions in Business Barons - TNS Mode Opinion Poll in August 2004

Reliance Retail

Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Wellness and Reliance Jewel come under the Reliance Retail brand. In November 2007, Reliance announced its foray into branded jewelery market.

Awards

Awards for managers

  • Mukesh D. Ambani received the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington in July 2007.
  • Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia Society, Washington, USA, May 2004.
  • Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
  • Mukesh D. Ambani was chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.

See also

Pictures

References

  1. ^ [1]
  2. ^ Major Subsidiaries & Associates :: Reliance Industries Limited
  3. ^ FORTUNE Global 500 2007: Countries - India
  4. ^ The Forbes 2000 - Forbes.com


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