Reliance Industries

Reliance Industries Limited
FormerlyReliance Commercial Corporation (1958–1966)
Reliance Textiles and Engineers (1966–1973)
Reliance Industries Limited (1973–present)[1]
Company typePublic
ISININE002A01018
IndustryConglomerate
Founded1958 (1958)[1]
FounderDhirubhai Ambani
Headquarters,
India
Area served
Worldwide
Key people
Mukesh Ambani
(Chairman & Managing Director)
Products
RevenueIncrease1,000,122 crore (US$120 billion)[2] (2024)
Increase104,340 crore (US$13 billion) (2024)
Increase79,020 crore (US$9.5 billion) (2024)
Total assetsIncrease1,755,986 crore (US$210 billion) (2024)
Total equityIncrease 925,788 crore (US$110 billion) (2024)
Owner
Number of employees
389,414 (2023) Edit this on Wikidata
Subsidiaries
Websitewww.ril.com Edit this at Wikidata

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation[4] and revenue,[5] and the 100th largest company worldwide.[6] It is India's largest private tax payer[7] and largest exporter, accounting for 7% of India's total merchandise exports.[8] The company has relatively little free cash flow and high corporate debt.[9][10]

The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.[11][12][13][14][15] Its chairman, Mukesh Ambani, has been described as a plutocrat.[16]

  1. ^ a b "Reliance Industries Limited | Business, Leadership, & History | Britannica". www.britannica.com. 7 July 2023. Archived from the original on 26 May 2022. Retrieved 30 January 2023.
  2. ^ "Reliance Industries Q4 FY24 results" (PDF).
  3. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Archived from the original on 29 January 2023. Retrieved 29 January 2023.
  4. ^ "Top '100' companies by market capitalisation as on July 19, 2017". Bseindia.com. Archived from the original on 15 July 2017. Retrieved 20 July 2017.
  5. ^ "RIL becomes India's biggest company in revenue terms". The Economic Times. 21 May 2019. Retrieved 21 May 2019.
  6. ^ "Fortune Global 500 list". Archived from the original on 7 August 2019. Retrieved 10 August 2022.
  7. ^ "Reliance Industries Consolidated Balance Sheet, Reliance Industries Financial Statement & Accounts". ClearTax. Retrieved 30 June 2020.
  8. ^ "Reliance Industries AGM full text". 21 July 2017. Archived from the original on 6 August 2017. Retrieved 21 July 2017.
  9. ^ "Reliance Seeks $2.5 Billion Debt for Capex, Looming Repayments". Bloomberg. 20 January 2023 – via www.bloomberg.com.
  10. ^ "RIL's deleveraging to continue". The Print.
  11. ^ "Blind Ambition". Outlookindia.com/. Archived from the original on 14 June 2018. Retrieved 26 August 2018.
  12. ^ https://www.outlookindia.com/magazine/story/a-history-of-controversies/200497 [bare URL]
  13. ^ "NICL scam: CBI files charges against Reliance Industries Limited, 4 retired insurance firm employees". The Times of India. Archived from the original on 10 July 2018. Retrieved 26 August 2018.
  14. ^ "CAG flays Oil Min for allowing RIL to retain D6 area". India Today. Archived from the original on 5 January 2018. Retrieved 26 August 2018.
  15. ^ Scroll Staff (2 January 2021). "SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007". Scroll.in.
  16. ^ "Meet Asia's millennial plutocrats". The Economist.

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