From Wikipedia, the free encyclopedia
 | |
| Type | Public BSE: 500325 LSE: RIGD |
|---|---|
| Industry | Conglomerate |
| Founded | 1966 As Reliance Commercial Corporation |
| Founder(s) | Dhirubhai Ambani |
| Headquarters | Mumbai, Maharashtra, India |
| Area served | Worldwide |
| Key people | Mukesh Ambani (Chairman & MD) |
| Products | Petroleum Natural gas Petrochemicals Retail stores Polymers Polyesters Chemicals Textile Telecommunications |
| Revenue |  203,740.00 crore (US$ 44.21 billion)(2010)[1] |
| Operating income | 28,680.00 crore (US$ 6.22 billion)(2010)[1] |
| Net income | 15,818.00 crore (US$ 3.43 billion)(2010)[1] |
| Total assets | 245,706 crore (US$ 53.32 billion) (2009)[2] |
| Total equity | 146,328 crore (US$ 31.75 billion) (2009)[2] |
| Employees | 24,679 (2009)[2] |
| Subsidiaries | Reliance Petroleum Reliance Life Sciences Reliance Industrial Infrastructure Limited Reliance Institute of Life Sciences Reliance Logistics Reliance Clinical Research Services Reliance Solar Relicord Infotel Broadband |
| Website | RIL.com |
Reliance Industries Limited (BSE: 500325, LSE: RIGD) is India's largest private sector conglomerate company by market value, with an annual turnover of US$ 44.6 billion and profit of US$ 3.6 billion for the fiscal year ending in March 2010 making it one of the largest India's private sector companies, being ranked at 264th position in the Fortune Global 500 (2009[3]) and at the 126th position in the Forbes Global 2000 list (2010).[4]
Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966. Ambani has been a pioneer in introducing financial instruments like fully convertible debentures to the Indian stock markets. Ambani was one of the first entrepreneurs to draw retail investors to the stock markets. Critics allege that the rise of Reliance Industries to the top slot in terms of market capitalization is largely due to Dhirubhai's ability to manipulate the levers of a controlled economy to his advantage.
Though the company's oil-related operations form the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in 2006. In September 2008, Reliance Industries was the only Indian firm featured in the Forbes's list of "world's 100 most respected companies".
