Reliance Industries Limited is a Joint Hindu Family business form of business organisation.

It
is a company headquartered at Mumbai & was founded by Dhirubhai Ambani. This company
is engaged in businesses like textiles, energy, petrochemicals, telecommunications & retail.

1958–1966 The trading phase Reliance Commercial Corporation (RCC) begins its
business activities with the export of spices and other items to the Middle East and East
Africa. In this phase, the company operates through partnership or proprietorship firms.

1966–1977 First textile phase Reliance organizational features change when first one
and then a few other narrowly-held private limited companies are added to the group’s
stable. Reliance Textiles is established and a number of textile companies are incorporated
into the group. While exports are continued as a means of securing import entitlements, by
the mid-seventies manufacturing and sales activity is mainly directed towards the domestic
market. The group export earnings even decline, while the dependence on imports for
production and expansion activity remains substantial.

1977–1990 Switch to petrochemicals The principal group company becomes an

extremely widely held public limited company, with a rapid proliferation in the number of
companies in the group.

1991-onwards Liberal India/Expansion into healthcare and telecommunications RIL

business diversifies. In 1992 the company becomes the first Indian company to raise money
in global markets.

In 1995 the group enters the telecommunications industry.

In 1998, RIL enters the healthcare sector. In 2006 RIL enters the organized retail segment
through Reliance Retail.

Reliance Jio is incorporated in 2007 and launches its services in 2015.

Decade

Development summary
1950s In the late decade, Dhirajlal Hirachand Ambani in India establishes an import-export
business, eventually focusing on the textile market, which would become Reliance Textiles.

1960s Reliance Textiles is established in 1964, launching textile manufacturing, and building
its first factory.

1970s Reliance goes public in one of the first and largest public offerings in India.

1980s In 1981 The company begins construction of a polyester filament yarn facility in
Patalganga. In the decade, Dhirajlal sons Mukesh and Anil start playing a prominent part at
RIL, which seeks to produce the chemicals from which the textile yarns were made.

In 1985, Reliance Textiles changes its name to Reliance Industries. After Ambani suffers a
stroke in 1986, Mukesh and Anil take over day-to-day direction of the company, which
launches its first petrochemicals production as part of a vertical integration strategy.
In 1987 Reliance Petrochemical Limited is incorporated.

1990s Reliance Refineries is established in 1991, and launches its public offering in 1993.

In 1997 Reliance Petroleum launches construction of India's largest oil refinery at Jamnagar.

In 1999, the company wins a bid for 12 exploration blocks auctioned off by the Indian
government.

2000s In 2002, Reliance locates the largest Indian natural gas field in decades. In the same
year, Dhirubhai Ambani dies at age 69. Reliance Petroleum merges into Reliance Industries.

Following the acquisition of Germany's Trevira in 2004, RIL becomes the world's leading
polyester manufacturer, with production levels topping 25 million meters per year.

In 2006, Reliance Industries is broken up between the Ambani brothers.

As of 2007 RIL has two major business segments, petroleum refining and marketing, and
petrochemicals.

2010s Reliance Jio launches its services in 2015, and becomes the only company in India
that is capable of providing 4G services through the country. RIL is ranked 106th on the
Fortune Global 500 list of the world's biggest corporations as of 2019.

Mission

● To attain global best practices and become a leading power generating company.

● To achieve excellence in project execution, quality, reliability, safety and operational

efficiency.

● To relentlessly pursue new opportunities, capitalizing on synergies in the power

generation sector.

● To consistently enhance our competitiveness and deliver profitable growth.

● To practice highest standards of corporate governance and be a financially sound

company.

● To be a responsible corporate citizen nurturing human values and concern for

society.

● To improve the lives of local community in all our projects.

● To be a partner in nation building and contribute towards India’s economic growth.

● To promote a work culture that fosters learning, individual growth, team spirit and
creativity to overcome challenges and attain goals.
● To encourage ideas, talent and value systems and become the employer of choice.
● To earn the trust and confidence of all stakeholders, exceeding their expectations.

● To uphold the guiding principles of trust, integrity and transparency in all aspects of
interactions and dealings.