Reliance Retail

Reliance Retail
Company typeSubsidiary
ISININE002A01018
IndustryRetail
Founded2006; 18 years ago (2006)
FounderMukesh Ambani
HeadquartersMumbai, Maharashtra,
India
Number of locations
18,836 (2024)[1]
Area served
India
Key people
Services
RevenueIncrease ₹306,786 crore (US$37 billion) (2024)
Increase ₹23,040 crore (US$2.8 billion) (2024)
Increase ₹11,101 crore (US$1.3 billion) (2024)
Total assetsIncrease ₹168,311 crore (US$20 billion) (2023)[2]
Owner
    • Reliance Industries (85.12%)
    • Vanishree Commercials (4.7%)
    • Infotel Infocomm (0.6%)
    • Sovereign wealth funds (5.86)
    • Private equity firms (4.32%)
Number of employees
Decrease 207,552 (2024)[3]
ParentReliance Industries
SubsidiariesSee divisions and subsidiaries
Websiterelianceretail.com Edit this at Wikidata
Footnotes / references
Financials as of March 31, 2024.[4]

Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue.[5] Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns.[1] Apart from physical stores, the company also sells products on its e-commerce channels.

As of October 2023, the company is valued at $100 billion.[6][7]

  1. ^ a b Prabhakar, Sai (12 July 2023). "Reliance Retail: What's in store?". BusinessLine. Retrieved 31 August 2023.
  2. ^ "Reliance Industries financials". Archived from the original on 30 May 2023. Retrieved 21 April 2023.
  3. ^ "Reliance Industries AR 2023-24" (PDF). Retrieved 8 August 2024.
  4. ^ "Reliance Financial results Q4FY24" (PDF). Reliance Retail. Retrieved 22 April 2024.
  5. ^ Annual Report, RIL (20 July 2020). "Reliance Retail sales cross $23 bn mark". Reliance Industries Limited. Archived from the original on 24 April 2019. Retrieved 11 September 2020.
  6. ^ Rosendar, Yessar. "Qatar Investment Authority Invests $1 Billion In Mukesh Ambani's Reliance Retail Ventures". Forbes. Retrieved 25 August 2023.
  7. ^ Cite error: The named reference adia was invoked but never defined (see the help page).