RELIANCE RETAIL LIMITED

INDUSTRY: Retail
FOUNDED: 2006, Mumbai
FOUNDER: Mukesh Ambani
CEO: Akhilesh Prasad
PARENT COMPANY: Reliance Industries Limited

INTRODUCTION:
Reliance Retail Limited (RRL) was founded my Mukesh Ambani in the year 2006. RRL is
one of subsidiaries of Reliance Industries Limited, and one of the main profit-making
industries in Reliance Industries Limited. RRL is India's leading income-based retailer.
They are making the other competitors in the world compete, but because of the vast
spread retail in the world, it makes the competitors very difficult in all the ways to
compete.
The RRL itself is widely diversified into many sectors. Their diversification makes the
customers get very convenient for purchase of goods and services. Their main sectors
are electronic consumable products, groceries, digital platform, dress and wears, jewels
and many more sectors.
There are 45 subsidiaries and many more divisions in RRL. Some of them are Reliance
Fresh and Reliance Smart which mainly focus on food, bakery, groceries and many more.
Reliance Digital is more of consumer electronics retail sector, it has already around 680
outlets in the year 2014. Reliance LYF is Indian brand for laptops and smartphones. It
produces smartphones that work with Android 4G-enabled VoLTE. Reliance Trends is
the retail store for clothes and apparels, which is the main income generating retail
store for RRL. Other than physical stores RRL also has many E- commerce stores. The
emergence of E-commerce stores in RRL makes them to spread all over in the world and
could make high competition with other competitors in the world. Some of the E-
commerce retail sectors RRL are dealing is AJIO, which is a fashion shopping website and
there is JioMart, which is known for providing groceries and other items which is
essential for daily uses by delivering to our home. It is operating around 200 cities in
India. JioMart is a collaborative venture of RRL and Jio Platforms. RRL have also made
many acquisitions. Some of the main acquisition of RRL is the acquiring of majority of
Urban Ladder, which is known for furniture and decorating. Just Dial is also one of the
major acquisitions of RRL which is digital platform where we can book rooms and other
services. In August 2020 RRL had made an announcement that they are acquiring the
entire Future Group for around 25000 crore rupees, but still there is some policy work
and, they need to get approve from the government of India. These all are the main
acquisition of the RRL, also they are planning to expand their acquisition to many more
in the country as well as worldwide.

VISION
We are totally dedicated to building a reputation as the most professional and highly
valued circuit board supplier to our customer base as an industry partner.

MISSION
We will continue to invest in our people, the most up-to-date processes and enhance
our production capabilities to add real value for our customers.

RECRUITMENT AND SELECTION

The recruitment and selection process in RRL is as the same as process of parent
company Reliance Industries Limited. The recruitment process goes through mainly
three processes. First step is the candidates who are applying should have at least 60%
in all semesters of their graduation. The candidates who are eligible for applying goes
through the main three recruitment process which follows.

First is the written test. There are 75 questions in the written test and 35 minutes of
time for these questions. The topics are from many subjects, such as ratios, elementary
logics, comparisons, analogies, etc. And the candidates should score at least 60% to
qualify for the next process of recruitment.

The second process is technical written test, in which the candidates should have
minimum of 50% in the test. The test is all about electronics, networking subjects and
every candidate should attend 50 questions within 25 minutes. The eligible candidate
after this selection goes to the final stage of recruitment which is technical and HR
interview.

The final phase is a technical and HR interview after both written tests have been
clarified. It takes one hour and is based on the exam of national merit. In this process,
some basic questions will be asked and the company, projects, hobbies, etc. will be
questioned in HR. Applicants are needed during interviews to present original mark
sheets or certificates.
The candidates who have successfully gone through all these processes will be finally
selected for the applied post in the company.

TRAINING AND DEVELOPMENT:

Reliance Retail Ltd. is working with several organizations and NGOs to train retailers in
order to address the lack of qualified personnel required for the aggressive retailing
entry in the firm. Reliance Retail have always been in touch with government
institutions like Indira Gandhi National Open University (IGNOU) and schools which are
under the YMCA that will offer courses for RRL for the employee development. Reliance
Retail is engaged for retail course delivery in negotiations with NGOs such as the Smile
Foundation, Youth Reach India and the Reddy Foundation. Reliance Retail Ltd, India's
largest listed retailer, has concluded contracts for two-year retail programs with more
than 12 post graduate institutions.

COMPENSATION AND BENEFITS

Reliance Retail Limited understands or finds how much does the business objectives are
met by the employees which are laid by the company. The individual performance is the
main part where the company is more concerned and on that basis of that
compensation strategies are made. The company must ensure that the link between the
compensation and performance are met. The payment should be ensured that it should
include a balance of fixed and incentive pay that reflect short- and long-term
performance objectives that are relevant to companies’ goals and objectives.

The salary packages of main employees in Reliance Retail stores are based on their
actual performance. The assistant managers in RRL will get around 2 lakh per annum.
Department managers will get almost 3 lakhs per annum and store managers will get
around 2.5 lakhs in a year. All these payments include all the components of capital
structure of basic pay, allowance retrieval benefits and many more.

The benefits other than compensation include job training, health insurance, education
assistance, free transport, childcare and many benefits.

All these compensation and benefits are calculated by the compensation committee of
the company. They are the persons who calculate and evaluate the individual
performance with compared to the management objectives. They after looking into all
these measurements they give the compensation to the employees.