RELIANCE INDUSTRIES

OR








DHIRUBHAI AMBANI


Background of Reliance
Reliance is a big presence in the Indian economy, with annual sales of
US$20 billion, a net worth of US$11 billion, and total assets of US$21 billion. Its
activities include oil and gas exploration and production, petroleum refining and
marketing, petrochemicals (polyester, fiber intermediates, plastics, and chemicals),
and textiles. Its exports reach nearly 100 countries across the globe, totaling US$7
billion annually.
The company operates manufacturing facilities at several sites in Gujarat.
The Naroda facility, near Ahmedabad, houses a textile plant. The Patalganga
complex, near Mumbai, has polyester, fiber intermediate, and linear alkyl benzene
manufacturing plants. The Hazira complex, near Surat, has a naphtha cracker
feeding downstream fiber intermediate, plastics, and polyester plants. And the
Jamnagar complex has a petroleum refinery and associated petrochemical plants
that produce plastics and fiber intermediates.

Beiginning of Reliance Industries
Reliance group was founded by Dhirubhai Ambani in 1966 as a polyester firm.
Dhirubhai started the equity cult in India. Reliance later entered into financial
services, petroleum refining, power sector. By 2002 Reliance had grown into a
U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002,
Reliance was headed by his sons. The group was formed after the two feuding
brothers Mukesh Ambani and Anil Ambani, split Reliance Industries.
[3][4]
Anil
Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance
Capital and RNRL. This led to a new beginning called Reliance. Later this group
entered the power sector through Reliance Power, and the entertainment sector by
acquiring Adlabs
Reliance Anil Dhirubhai Ambani Group (now referred as Reliance Group and
legally Anil Dhirubhai Ambani Ventures Limited) is an Indian conglomerate,
headquartered in Navi Mumbai, India. The company, which was formed
after Dhirubhai Ambani's business empire was divided up, is headed by his
younger son Anil Ambani.
[1]
It has a market capitalisation of 890
billion (US$15 billion) and net assets worth 1800 billion (US$30 billion).
[2]
The
Reliance Group has a business presence that extends to over 20,000 towns and
450,000 villages in India, and around the globe.
The shareholder base is over 12 million, among the largest in the world. The group
is present in many business sectors across India including technology, financial
services, construction, entertainment, media, real estate, energy, health care,
manufacturing, aviation, natural resources, food and beverages, hospitality,
transportation and logistics.

Early career
Ambani started with 1 rupee in his hand and earned money by working with a firm
in Yemen in the 1950s and moved toMumbai in 1958 to start his own business in
spices. After making modest profits, he moved into textiles and opened a mill
in Naroda industrial area of Ahmedabad. He founded Reliance Industries in 1966,
and as of 2012, the company has over 85,000 employees and provides almost 5%
of the Central Government's total tax revenue. As of 2012, Reliance Industries was
listed among top Fortune 500 list of world's biggest companies by revenues.
Financial Statement of Reliance Industries
Balance Sheet of Reliance Industries ------------------- in Rs. Cr. -------------------

Mar '14 Mar '13 Mar '12 Mar '11 Mar '10


12 mths 12 mths 12 mths 12 mths 12 mths


Sources Of FUNDS

Total Share Capital 3,232.00 3,229.00 3,271.00 3,273.37 3,270.37

Equity Share Capital 3,232.00 3,229.00 3,271.00 3,273.37 3,270.37

Share Application MONEY 17.00 25.00 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves 193,842.00 176,766.00 159,698.00 142,799.95 125,095.97

Revaluation Reserves 0.00 0.00 3,127.00 5,467.00 8,804.27

Networth 197,091.00 180,020.00 166,096.00 151,540.32 137,170.61

Secured Loans 10,744.00 2,422.00 6,969.00 10,571.21 11,670.50

Unsecured Loans 74,737.00 52,101.00 51,658.00 56,825.47 50,824.19

Total Debt 85,481.00 54,523.00 58,627.00 67,396.68 62,494.69

Total Liabilities 282,572.00 234,543.00 224,723.00 218,937.00 199,665.30


Mar '14 Mar '13 Mar '12 Mar '11 Mar '10



12 mths 12 mths 12 mths 12 mths 12 mths


Application Of FUNDS

Gross Block 194,793.00 187,607.00 209,552.00 221,251.97 215,864.71

Less: Accum. Depreciation 85,387.00 77,859.00 91,770.00 78,545.50 62,604.82

Net Block 109,406.00 109,748.00 117,782.00 142,706.47 153,259.89

Capital Work in Progress 41,716.00 19,116.00 4,885.00 12,819.56 12,138.82

INVESTMENTS 86,062.00 52,509.00 54,008.00 37,651.54 23,228.62

Inventories 42,932.00 42,729.00 35,955.00 29,825.38 26,981.62

Sundry Debtors 10,664.00 11,880.00 18,424.00 17,441.94 11,660.21

Cash and Bank Balance 36,624.00 49,547.00 889.00 604.57 362.36

Total Current Assets 90,220.00 104,156.00 55,268.00 47,871.89 39,004.19

Loans and Advances 40,179.00 32,982.00 24,573.00 17,320.60 10,517.57

Fixed Deposits 0.00 0.00 38,709.00 26,530.29 13,100.29

Total CA, Loans & Advances 130,399.00 137,138.00 118,550.00 91,722.78 62,622.05

Deffered Credit 0.00 0.00 0.00 0.00 0.00

Current Liabilities 80,844.00 79,620.00 66,244.00 61,399.87 48,018.65

Provisions 4,167.00 4,348.00 4,258.00 4,563.48 3,565.43

Total CL & Provisions 85,011.00 83,968.00 70,502.00 65,963.35 51,584.08

Net Current Assets 45,388.00 53,170.00 48,048.00 25,759.43 11,037.97

Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00

Total Assets 282,572.00 234,543.00 224,723.00 218,937.00 199,665.30


Contingent Liabilities 77,162.00 54,600.00 45,831.00 41,825.13 25,531.21

Book Value (Rs) 609.78 557.49 498.21 446.25 392.51












Reliance Industries
Standalone Profit & Loss
account
------------------- in Rs. Cr. -------------------
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths


Income

Sales Turnover 390,117.00 360,297.00 339,792.00 258,651.15 200,399.79

Excise Duty 0.00 0.00 9,860.00 10,515.09 8,307.92

Net Sales 390,117.00 360,297.00 329,932.00 248,136.06 192,091.87

Other Income 8,936.00 7,998.00 5,981.00 3,358.61 3,088.05

Stock Adjustments -412.00 3,317.00 872.00 3,243.05 3,947.89

Total Income 398,641.00 371,612.00 336,785.00 254,737.72 199,127.81

Expenditure

Raw Materials 334,283.00 310,428.00 279,737.00 198,076.21 153,689.01

Power & Fuel Cost 10,153.00 7,166.00 4,094.00 2,255.07 2,706.71

Employee Cost 3,370.00 3,354.00 2,857.00 2,621.59 2,330.82

Other Manufacturing
Expenses
1,985.00 0.00 2,557.00 2,915.44 2,153.67

Selling and Admin
Expenses
0.00 0.00 7,510.00 7,207.83 5,756.44

Miscellaneous
Expenses
9,037.00 11,879.00 255.00 500.52 651.96

Preoperative Exp
Capitalised
0.00 0.00 -37.00 -30.26 -1,217.92

Total Expenses 358,828.00 332,827.00 296,973.00 213,546.40 166,070.69

Mar '14 Mar '13 Mar '12 Mar '11 Mar '10


12 mths 12 mths 12 mths 12 mths 12 mths


Operating Profit 30,877.00 30,787.00 33,831.00 37,832.71 29,969.07

PBDIT 39,813.00 38,785.00 39,812.00 41,191.32 33,057.12

Interest 3,206.00 3,036.00 2,668.00 2,328.30 1,999.95

PBDT 36,607.00 35,749.00 37,144.00 38,863.02 31,057.17

Depreciation 8,789.00 9,465.00 11,394.00 13,607.58 10,496.53

Other Written Off 0.00 0.00 0.00 0.00 0.00

Profit Before Tax 27,818.00 26,284.00 25,750.00 25,255.44 20,560.64

Extra-ordinary items 0.00 0.00 0.00 0.00 0.00

PBT (Post Extra-ord
Items)
27,818.00 26,284.00 25,750.00 25,255.44 20,560.64

Tax 5,834.00 5,281.00 5,710.00 4,969.14 4,324.97

Reported Net Profit 21,984.00 21,003.00 20,040.00 20,286.30 16,235.67

Total Value Addition 24,545.00 22,399.00 17,236.00 15,470.19 12,381.68

Preference Dividend 0.00 0.00 0.00 0.00 0.00

Equity Dividend 2,793.00 2,628.00 2,531.00 2,384.99 2,084.67

Corporate Dividend
Tax
475.00 447.00 410.00 386.90 346.24

Per share data (annualised)

Shares in issue
(lakhs)
32,319.02 32,286.63 32,710.59 32,733.74 32,703.74

Earning Per Share
(Rs)
68.02 65.05 61.26 61.97 49.64

Equity Dividend (%) 95.00 90.00 85.00 80.00 70.00

Book Value (Rs) 609.78 557.49 498.21 446.25 392.51






Current Business Status
Communications :
Reliance Communications
Reliance Globalcom
Reliance Infratel
Vanco
Reliance World
Reliance Globalcall
Reliance Icall
Reliance Digicom
Reliance BPO

Capital :
Reliance Capital
Reliance Life Insurance
Reliance General Insurance
Reliance Venture
Reliance Mutual Fund
Reliance Money
Reliance Securities
Reliance Commercial Finance
Reliance Venture Capitalist
Reliance Asset Reconstruction
Reliance PMS
ICEX Stock exchange

Power :

Rosa Thermal Power Station

Electricity transmission grid in eastern India.
Reliance Coal Resources :
Tilaya UMPP 4000MW
Krishanapatnam UMPP 4000MW on hold
Sasan UMPP 4000MW FIRST UNIT OPERATIONAL
Dadri power plant 8000MW On hold
Chitrangi power project 4000MW
Rosa Power Project 1200MW OPERATIONAL
Butibori power Project, Nagpur 600MW OPERATIONAL
Samalkot Power Project 2400MW.. AWAITING GAS FROM GOI
Dhirubhai Ambani Solar Park 40MW OPERATIONAL
Wind Power 400MW
Solar Power 500MW
Hydropower 2500MW

Distribution
BSES Delhi
BSES Rajdhani
BSES Yamuna
Reliance Power Mumbai
Reliance Power (R Power) has a generation capacity of 1500MW. The company is
in the process of achieving 5000MW by 2012, 17000MW by 2015 and 35000MW
by 2020. The company is present in all verticals from generation to transmission to
distribution. The company has pan India projects and has a big presence in
Mumbai and Uttar Pradesh. The United Nations registered Reliance Powers Sasan
power project on 2 February 2011 to earn as many as 22.5 million credits in the
next 10 years.



Infrastructure :
Reliance Infrastructure, Delhi Airport Metro Express and Nanded Airport

Azad Nagar Station, Mumbai Under Construction
Mumbai Metro ---- Line1 12 km & Line2 40 km
Delhi Airport Metro Express ---- Orange Line 23 km
Reliance Airport Developers (RADPL)-5 Airports
Reliance Sealink pvt ltd ---- 2 Sealinks
Reliance Road projects ---- 11 Road Projects 1000 km
Reliance SEZ ---- Navi Mumbai & Kolkata
Reliance Power Transmission Pvt Ltd
Reliance Infrastructure (R Infra) has emerged as a electricity distribution and
generation, natural gas exploration and production, construction, and transportation
conglomerate as the largest concessionaire of NHAI with 11 road projects totalling
1,000 km worth about 120 billion (US$2.0 billion) with more than 10,000 people
working at various sites. Constructing Metro systems
in Delhi and Mumbai totalling more than 75 km of track. Reliance Infrastructure is
also bidding for projects inNepal and Maldives.

Reliance Entertainment :
Reliance Entertainment
Movies and television
DreamWorks SKG Studios (Co-Partnership)
Reliance Pictures
Reliance MediaWorks Ltd (formerly Adlabs)
Reliance MediaWorld (formerly Lowry Digital)
Reliance Synergy
Reliance Animation
BIGFlix Movies on rent
BIG Cinemas
BIG Music & Video
Reliance Home Video
Reliance ND Studio
RMW Studio

Broadcasting :
BIG FM 92.7 Radio stations operating in more than 50 cities.
Reliance Broadcasting (RBNL)
Reliance Digicom
Reliance Digital TV BIG TV DTH service
Imagine Showbiz
BIG Magic
BIG CBS channels
Big CBS Prime
Big CBS Spark
Big CBS Love
Gaming :
Zapak
Codemasters
Jump Games

Internet :
BIGADDA.com social networking site
BIGOYE.com
The Plot Blog BIG Cinemas
Zapak.com

Others :
BIG Street
BIG Maps
BIG Live
BIG Digital
BIG Reach
BIG Events
Big Cinema is Indias largest cinema chain with over 516 screens spread across
India, US, Malaysia and Netherlands and caters to over 35 million consumers. BIG
Cinemas has established leadership in film exhibition in India with 253 screens and
accounts for 10 to 15% of box office contributions of large movies. BIG FM 92.7is
a leading network of FM Radio stations with FM stations in more than 50 Indian
cities.
Reliance Health :
Reliance Health is providing integrated health services through one of the finest
hospitals in Asia the Kokilaben Dhirubhai Ambani Hospitalat Andheri, Mumbai.
It also plans to venture into diversified fields like Insurance Administration, Health
care Delivery and Integrated Health, Health Informatics and Information
Management and Consumer Health.

Other :
Reliance Technology Ventures - A technology company.
Reliance Cement - A cement manufacturing company.
Reliance Aviation Tour & Travels - An aviation travel and tourism company
Reliance Property Solutions - A property development, construction, and
investment company offering real estate listing and consulting services.
Mudra Communication - A communications company
(49% stake, rest 51% sold to Omnicom Group)
Java Green A cafe chain with more than 100 outlets.
NIS Sparta A corporate training Institute.
DTDC Courier & Cargo Ltd. - A logistics company.

Major acquisition :

Metro Cinema acquired by Big Entertainment c.2005
May 2000 BSES---------------------------------------------- Reliance
Energy(Infrastructure)
Oct 2003 FLAG Telecom, 207Mn$------------------------- Reliance
Communication
July 2005 Metro Adlabs (51% stake), 74Mn$---------------- Reliance Big
Entertainment
Nov 2006 Travelmate services (100% stake)------------------Reliance Capital
July 2007 Yipes Services USA, 300Mn$-------------------- Reliance
Communication
July 2007 Swan Telecom (now Etisalat DB) (9.9% stake)------- Reliance
Communication
Dec 2007 ND Studio (50% stake), 35Mn$-------------------- Reliance Big
Entertainment
Apr 2008 Lowry Digital USA, 7.5Mn$-------------------- Reliance Big
Entertainment
Apr 2008 eWaveWorldUK (90% stake)--------------------------Reliance
Globalcom
May 2008 Vanco------------------------------------------Reliance Globalcom
Sept 2008 Wall street finance (36% stake)------------------Reliance MoneyExpress
Mar 2009 Synergy--------------------------------------------Reliance Mediaworks
Nov 2009 Quant Capital -------------------------------------Reliance Capital
Jan 2010 Ilab UK Ltd.---------------------------------------Reliance Mediaworks
Apr 2010 Codemasters UK (50% stake)--------------------Zapak
July 2010 Digicable ----------------------------------------Reliance Big
Entertainment
Jan 2011 Imagine Showbiz------------------------------------Reliance BIG
Entertainment
Oct 2011 Annapurna Studios----------------------------------Reliance BIG
Entertainment
Sept 2011 Bloomberg UTV (66% stake)------------------------------Reliance
Capital :
Sept 2010 Kerala Airport (15% stake), 47Mn$---------------------Reliance
Infrastructure
Aug 2010 ICEX (26% stake)-------------------------------------- Reliance Capital
Apr 2010 Pathway world (minor stake)----------------------------Reliance Equity
May 2010 Fame Cinema (47.5% stake)--------------------------------Reliance
Mediaworks
Sept 2010 Trinethra Infra (5% stake)----------------------------Reliance Capital
May 2007 Network18 group (10% stake)----------------------------Reliance Capital
May 2007 TV Today group (14.02% stake)--------------------------Reliance Capital
Oct 2008 Hong Kong Mercantile (15% stake)-----------------------Reliance Capital

Major joint ventures :
RBNL CBS
NIS Sparta
Reliance DreamWorks
Codemasters A British video gaming company.
Reliance Infra IRB Infra
BIG Entertainment BBC
Future plans
Reliance Industries, which till recently was India's most valuable company, is
trying to regain its numero uno slot by lining up an investment of Rs 1,00,000
crore across business verticals to double operating profits in five
years. RIL chairman Mukesh Ambani made this announcement during RIL's 38th
AGM on Thursday. However, the company failed to address the investor disquiet
over the tumbling share price even as it piled up cash while its profits dipped.

Ambani, who reached the AGM venue along with his wife Nita and younger son
Anant, presented a rosy picture of how an investment of Rs 1,000 made during
RIL's IPO in 1977 is now worth Rs 7.7 lakh. Investors, incidentally, have lost a-
third of their wealth in RIL shares in the last one year. However, RIL shares gained
marginally after the AGM to close at Rs 721 in a firm Mumbai market as the
sensex gained 195 points. Ambani was later joined by his mother Kokilaben and
elder son Akash and daughter Isha.

Addressing RIL shareholders, Ambani said new projects in petrochemicals and the
refinery business would be completed in the next 2-3 years and investments in
refinery downstream would add 30-40% to margins. He added that retail business
would be a significant and profitable business for RIL within three years.