RELIANCE INDUSTRIES

Ranked 96th on the fortune global 500list of the world’s biggest corporations in 2020, Reliance Industries Limited (RIL) is an Indian multinational company headquartered in Mumbai, Maharashtra. Reliance’s businesses all over India range from energy, petroleum, textiles, natural resources to retail, and telecommunication. Falling under the category of the most profitable companies in India, it is the largest publicly traded powder in India and the largest company in India recently surpassing the government-controlled Indian Oil Corporation. Reliance became the first Indian company to cross $200 billion in market capitalization on the 10th of September, 2020.

 RELIANCE INDUSTRIES

Ranked 96th on the fortune global 500list of the world’s biggest corporations in 2020, Reliance Industries Limited (RIL) is an Indian multinational company headquartered in Mumbai, Maharashtra. Reliance’s businesses all over India range from energy, petroleum, textiles, natural resources to retail, and telecommunication. Falling under the category of the most profitable companies in India, it is the largest publicly traded powder in India and the largest company in India recently surpassing the government-controlled Indian Oil Corporation. Reliance became the first Indian company to cross $200 billion in market capitalization on the 10th of September, 2020.

Shareholdings

RIL has approx 310 crores (3.1 billion) shares. Of the total shares, the Ambani family i.e. the promoter group holds 46.32% whereas the rest 53.68% is held by public shareholders, including FII and corporate bodies. 7.98% shares of it are held by Life Insurance Corporation of India which is the largest non-promoter investor in the company.

History

1960

Co-founded by Dhirubhai Ambani and Champaklal Damani as Reliance Commercial Corporation

1965

The partnership ended and Dhirubhai Ambani continued the polyester business

1966

Reliance Textiles Engineers Pvt. Ltd. incorporated in Maharashtra

1973

Became Reliance Industries Limited

1975

Expanded the business into textiles, ‘Vimal’ became a major brand in the following years

1977

Held its IPO

1979

The textiles company Sidhpur Mills amalgamated.

1980

Polyester business expanded

1985

Name changed to Reliance Industries Ltd.

1992

The Hazira petrochemical plant was commissioned

1993

Turned to the overseas capital market for funds

1996

Became first Indian private company to being rated by international credit rating agencies

1996

Entered telecom industry

1999

Introduced packaged LPG by the name Reliance Gas

2000

Construction of the integrated petrochemical complex in Gujarat

2001

Reliance Industries and Reliance Petroleum became India’s 2 largest companies

2002

Reliance Petroleum merged with Reliance Industries

2002

Announced the largest gas discoveries in the world

2003

RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd.

2005

Demerged investments in power generation and distribution, financial services, and telecommunication services

2006

Entered the organized retail market in India with Reliance Fresh

2008

Close to 600 stores in 57 cities in India

2009

Issued 1:1 bonus shares to stakeholders

2010

Entered the broadband services market

2010

Reliance and BP announced a partnership

2017

Set up a joint venture with Sibur for setting up a Butyl rubber plant in Gujarat

2019

Added Fynd in the e-commerce space

 

Awards and recognition

  •       International refiner of the year, 2017
  •       Petrochemicals Congress, 2017
  •       Second most valuable brand in India, 2013
  •       25th in the ICIS Top 100 Chemicals Companies, 2013
  •       Nation Golden Peacock Award, 2011
  •       5th in 25 top companies, 2009
  •       One of the world’s 100 best-managed companies, 2000
  •       National Energy Conservation Award, 1994-97
  •       7th most trusted brand in India, 2013
  •       9th most trusted brand in India, 2014

Scams

  •       Reliance issued fake shares.
  •       It changed shares sent for transfer by buyers to make illegal profits.
  •       It has indulged in insider trading in shares.
  •       It almost monopolized the private telecom services market through front companies.