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Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra, India. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles.
By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005. [3] [4] Anil Ambani got the responsibility of Reliance ...
It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator , Jio , and other digital businesses of Reliance. [ 3 ] Since April 2020, Reliance Industries has raised ₹ 152,056 crore (US$18 billion) by selling a 32.97% equity stake in the company. [ 4 ]
Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries.Founded in 2006, it is the largest retailer in India in terms of revenue. [5] Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs.
In July 2023, it was spun-off via a demerger, [3] with shareholders of Reliance Industries receiving one equity share of Jio Financial Services for every share they held in Reliance. [6] Reliance Industries transferred Rs 15,500 crore of cash and liquid investments to Jio Financial Services as part of the demerger scheme.
Reliance Industries continued on top place in the 2020 Fortune India 500 rankings, while Indian Oil Corporation and Oil & Natural Gas Corporation were second and third respectively. [13] Reliance Industries was ranked 96th in the Global Fortune 500 list, and the top 7 positioned companies in the Indian list made it to the global Fortune 500 ...
In June 2010, Reliance Industries (RIL) bought a 95% stake in IBSL for ₹ 4,800 crore (equivalent to ₹ 110 billion or US$1.2 billion in 2023). Although unlisted, IBSL was the only company that won broadband spectrum in all 22 circles in India in the 4G auction that took place earlier that year. [17]
Hindalco Industries: 21 December 2015 [3] 500228 JSW Steel: 13 July 2023 [16] 23 December 2024 [11] 500257 Lupin: 22 June 2015 [17] 18 December 2017 [13] 500312 Oil and Natural Gas Corporation: 21 June 2021 [10] 532712 Reliance Communications: 12 June 2006 [9] 8 August 2011 [9] 500390 Reliance Infrastructure: 8 August 2011 [9] 500400 Tata Power ...