Reliance Industries Limited is a multisector conglomerate that has its presence in various Industries. The company has its market capitalization worth INR 12,26,048.07 crore as of 16th April 2021. This company was established in 1973. The company has reported quarterly revenue of INR67,400.00 crore at the end of December 2020. This company is listed on the Bombay Stock Exchange (BSE), having the code 500325 and on the National Stock Exchange (NSE) with the symbol RELIANCE.
The company is headquartered in Mumbai and majorly deals with energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company, with its innovative ideas, has a wide range of products and services.
In 1966, Reliance Industries Ltd. (RIL) was founded by Shri Dhirubhai H. Ambani, even though it predominantly started as a small textile manufacturing unit. It has, over the years, transformed its business into a petrochemical major. The company confirmed their name as RIL in the year 1985. RIL is India's biggest private sector corporation, with a sway over big financial institutions. In 2004 RIL was the first Indian private sector organisation to have its name listed in the Fortune Global 500 List. The company operates through state-of-the-art facilities across the country at Allahabad, Jamnagar, Barabanki, Nagpur etc. In 2004-05 RIL had acquired a significant polyester company named Trevira GmbH, which is based in Germany and has a whopping capacity of 130,000 tonnes/annum of polyester staple fibres and polyester chips. The company established a new export-oriented refinery in the next year with the help of its subsidiary Reliance Petroleum Limited. Reliance Jio Infocomm, a wholly-owned subsidiary of RIL, declared the commencement of telecom services in September 2016. In no time, the company achieved a feat when it crossed 100 million subscribers in 170 days. In 2019, Reliance Brands, a subsidiary of RIL, acquired Hamleys, a British toy retailer store, for Rs. 620 crore. In November 2020, it paid Rs182.12 crore ($24.4 million) for a 96 percent stake in online furniture retailer Urban Ladder, bolstering its efforts to extend its footprint in India's online retail industry. In 2021, Reliance Industries Ltd. reached a new high in the hospitality arena by purchasing Stoke Park Ltd. for $79 million who owns a hotel and golf course that will enhance Reliance's conviviality in the consumer and hospitality business.Read More