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Introduction…
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company,
headquartered in Mumbai, India. RIL's diverse businesses include energy, petrochemicals,
natural gas, retail, telecommunications, mass media, and textiles. Reliance is one of the
most profitable companies in India,[2] the largest publicly traded company in India by
market capitalisation,[3] and the largest company in India as measured by revenue after
recently surpassing the government-owned Indian Oil Corporation.[4] It is also the
eighth largest employer in India with over 236,000 employees.[5][6] RIL has a market
capitalisation of US$240 billion as of October 2021. The company is ranked 155th on the
Fortune Global 500 list of the world's biggest corporations as of 2021.[7] Reliance continues
to be India's largest exporter, accounting for 8% of India's total merchandise exports and
access to markets in over 100 countries.[9] Reliance is responsible for almost 5% of the
government of India's total revenues from customs and excise duty. It is also the highest
income tax payer in the private sector in India.[9][10] The company has negative free cash
flows.
Chairman and MD: Mukesh Ambani
The number of shares of RIL are approx. 644.51 crore (6.44 billion).[38] The promoter
group, the Ambani family, holds approx. 49.38% of the total shares whereas the remaining
50.62% shares are held by public shareholders, including FII and corporate bodies.[38]
Life Insurance Corporation of India is the largest non-promoter investor in the company,
with 7.98% shareholding. In January 2012, the company announced a buyback programme
to buy a maximum of 12 crore (120 million) shares for ₹10,400 crore (US$1.5 billion). By
the end of January 2013, the company had bought back 4.62 crore (46.2 million) shares
for ₹3,366 crore (US$470 million)
The company's equity shares are listed on the National Stock Exchange of India
Limited (NSE) and the BSE Limited. The Global Depository Receipts (GDRs)
issued by the company are listed on Luxembourg Stock Exchange.[41][42] It has
issued approx. 5.6 crore (56 million) GDRs wherein each GDR is equivalent to
two equity shares of the company. Approximately 3.46% of its total shares are
listed on Luxembourg Stock Exchange.[38] Its debt securities are listed at the
Wholesale Debt Market (WDM) Segment of the National Stock Exchange of
India Limited (NSE).[43]
It has received domestic credit ratings of AAA from CRISIL (S&P subsidiary) and
Fitch. Moody's and S&P have provided investment grade ratings for
international debt of the company, as Baa2 positive outlook (local currency
issuer rating) and BBB+ outlook respectively.[44][45][46] On 28 December 2017, RIL
announced that it will be acquiring the wireless assets of Anil Ambani-led
Reliance Communications for about ₹23,000 crores.[47] Operations The
company's petrochemical, refining, oil and gas-related operations form the
core of its business; other divisions of the company include cloth, retail
business, telecommunications and special economic zone (SEZ) development.
In 2012–13, it earned 76% of its revenue from refining, .
JOURNEY OF RELIANCE…
MODEST BEGINNINGS / MAMMOTH ASPIRATIONS ~
Dhirubhai Ambani returns to India in 1957 after a stint with A. Besse &
Co., Aden, Yemen. He starts a yarn trading business from a small 500 sq.
ft. office in Masjid Bunder, Mumbai, but dreams of establishing India’s
largest company.