Reliance Industries
From Wikipedia, the free encyclopedia
| Reliance Industries | |
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| Type | Public (NSE: RELIANCE) |
|---|---|
| Founded | 1966 As Reliance Commercial Corporation |
| Headquarters |  Mumbai, India |
| Key people |  Mukesh Ambani, Chairman & Managing Director |
| Industry | Conglomerates |
| Products | Oil Retail Stores Polymers Polyesters Chemicals Textile |
| Revenue |  $19.976 Billion USD (2006) |
| Employees | ~90,358 (2004) |
| Slogan | "Growth is life" and earlier "We bet on People" |
| Website | www.ril.com |
Reliance Industries (NSE: RELIANCE) is one of India's largest private sector company with a turnover of US $19.976 billion and profit of US $2.033 billion for the fiscal year ending in March 2006 making it India's first and only private sector Fortune 500 company. [3] It was founded by the late Dhirubhai Ambani in the 1970s. After severe differences between the two sons of the founder Dhirubhai Ambani, the group was divided between the two sons Mukesh and Anil Ambani in 2006.
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[edit] Stock
- Among Indian shareholders 25% own a Reliance share.[citation needed]. Reliance has more than 3 million shareholders, making it one of the world's most widely held stock. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow from strength to strength. Reliance companies have been among the best performing in the Indian Stock Market.
[edit] Products
Reliance Industries Limited has a wide range of products from petrochemicals (its major product), to garments (under the brand name of Vimal).
[edit] Subsidiaries
Reliance Petroleum Limited. Reliance Engineering Associates (P) Ltd. (REAL) Reliance Infosolutions Pvt Ltd.
[edit] Management
It is headed by Dhirubhai's son, Chairman Mukesh Ambani.
[edit] Corporate Rankings
- RIL emerged as the first and only private sector company from India to feature in the 2006 Fortune Global 500 list (at rank 342) of the world's largest corporations [1].
- RIL was featured on the Forbes Global 2000 list for 2005 at position 298 [2].
- RIL was the only Indian private sector company to be listed in the Top-500 companies in the world in terms of market value in Business Week's The Global 1000 List, July 2004.
- Reliance emerged in top positions in Business Barons - TNS Mode Opinion Poll in August 2004
[edit] Management Awards
- Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia Society, Washington, USA, May 2004.
- Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
- Mukesh D. Ambani was chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
- Mukesh D. Ambani is Economic Times Business Leader of the Year
[edit] External links
- Reliance's About us page
- Yahoo! - Reliance Industries Limited Company Profile
- Investment idea on Reliance Industries
- Reliance announces foray into Retail segment
- Reliance retail gets ‘A’ team in place
- RIL cuts petrol and diesel prices on back of falling international crude prices Overwhelming response to RIL's scheme for dealers
- Speech by Mr. Mukesh Ambani on Deshgujarat.com
