India’s leading private sector company, Reliance Industries Limited was incorporated on 8th May, 1973 by Dhirubai Ambani. It was the first Indian sector private company to feature on the list of Fortune Global 500 in 2004. The company operates its manufacturing facilities across the country at places like Allahabad, Vadodra, Hoshiarpur and many more. The main activities include the exploration, refining, production and distribution of petrochemicals. The other segment includes the textile retail and telecommunications business.
Reliance Industries have 158 subsidiary companies and 7 associate companies under it. The major 7 associate companies are –
- Reliance Retail
- Reliance Institute of Life Sciences
- Reliance Jio Infocomm Limited
- Reliance Industrial Infrastructure Limited
- Network 18
In 1977, the IPO of Reliance Textile Industries created history as it introduced the equity cult in the Indian markets. As the issue was oversubscribed 7x times, it shows the confidence that the general public had in Reliance’s story. Reliance Infocomm business led the telecom revolution in our country when in 2002 it entered the market. To have more focus on individual businesses and cater to much more growth, the power generation and distribution, financial services and telecommunications business was demerged into separate entities.
The company believes in having an innovation-led growth strategy. The introduction of Jio led to a pan-India revolution of wireless broadband services as it was able to bridge the gap in the digital world. In 2017, it became the first company in India to cross the mark of Rs. 6 trillion market capitalisation. It is now one of the most admired company globally.
Even on the corporate social responsibility front, Reliance believes in having a sustainable future. To serve the nation of billion people and help it develop further by providing tons of opportunities, they have founded an institution named as “Reliance Foundation”. This foundation addresses the basic needs of over 15 million people.
The current market price of Reliance Industries Limited is Rs. 1,462.10.
- Reliance Industries is planning to restructure Jio Infocomm Limited. The aim is to free up the debt of the company, which will attract more investors to this digital platform.
- The idea behind Reliance Industries deal with Aramco was as they want to convert 70% production from the Jamnagar refinery and petrochemical complex to chemical products.
Official website: https://www.ril.com/