Reliance Industries

Not to be confused with Reliance Group.

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; 66 years ago (1958)[1]
FounderDhirubhai Ambani
Headquarters
Mumbai, Maharashtra
,
India
Area served
Worldwide
Key people
Mukesh Ambani
(Chairman & Managing Director)
Products
RevenueIncrease₹1,000,122 crore (US$120 billion)[2] (2024)
Increase₹104,340 crore (US$13 billion) (2024)
Increase₹79,020 crore (US$9.5 billion) (2024)
Total assetsIncrease₹1,755,986 crore (US$210 billion) (2024)
Total equityIncrease ₹925,788 crore (US$110 billion) (2024)
Owner
Number of employees
Decrease 347,362 (2024)[4]
Subsidiaries
Websitewww.ril.com Edit this at Wikidata

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai, Maharashtra, India. 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[5] and revenue,[6] and the 100th largest company worldwide.[7] It is India's largest private tax payer[8] and largest exporter, accounting for 7% of India's total merchandise exports.[9]

The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.[10][11][12][13][14] Its chairman, Mukesh Ambani, has been described as a plutocrat.[15]

  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. ^ "Reliance Industries AR 2023-24" (PDF).
  5. ^ "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.
  6. ^ "RIL becomes India's biggest company in revenue terms". The Economic Times. 21 May 2019. Retrieved 21 May 2019.
  7. ^ "Fortune Global 500 list". Archived from the original on 7 August 2019. Retrieved 10 August 2022.
  8. ^ "Reliance Industries Consolidated Balance Sheet, Reliance Industries Financial Statement & Accounts". ClearTax. Retrieved 30 June 2020.
  9. ^ "Reliance Industries AGM full text". 21 July 2017. Archived from the original on 6 August 2017. Retrieved 21 July 2017.
  10. ^ "Blind Ambition". Outlookindia.com/. Archived from the original on 14 June 2018. Retrieved 26 August 2018.
  11. ^ "Outlook India Magazine: India's Best Online News Magazine for In-depth News, Analysis, Opinion".
  12. ^ "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.
  13. ^ "CAG flays Oil Min for allowing RIL to retain D6 area". India Today. 8 September 2011. Archived from the original on 5 January 2018. Retrieved 26 August 2018.
  14. ^ Scroll Staff (2 January 2021). "SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007". Scroll.in.
  15. ^ "Meet Asia's millennial plutocrats". The Economist.