History of Reliance Group

27 June 2023
8 min read
History of Reliance Group
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Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra.

It was founded by Dhirubhai Ambani in 1958 and is currently led by his son, Mukesh Ambani. It operates in various sectors, including petrochemicals, refining, oil and gas exploration, retail, telecommunications, and media.

The company is one of the largest conglomerates in India and operates through a network of subsidiaries, joint ventures, and associate companies.

Its subsidiary companies include Reliance Retail, Reliance Jio Infocomm, and Reliance Petroleum. RIL is known for its focus on technology and innovation and has been at the forefront of the digital transformation of India through its telecom and internet businesses.

Reliance Group of Industries is also one of the most valuable companies in India and is listed on the Bombay Stock Exchange and the National Stock Exchange.

About Reliance Group of Industries

We have listed down the key reliance company information here-

Particulars

Reliance Company Details

Year Of Foundation

1958

Founder of Reliance Company

Dhirubhai Ambani

Headquarters

Mumbai

Market Capitalization

15.94 trillion INR approx

No. Of Employees

3,42,982 approx

An Overview of the Reliance Group History

Reliance Industries Ltd. started as a small textile manufacturing unit in Mumbai, and over the years, it has grown to become one of the largest companies in India.

In the early years, RIL focused on the textile industry and quickly became one of the leading players in the market. In the 1970s, the company diversified into petrochemicals and refining, and by the 1980s, it had become one of the largest petrochemical companies in the world.

In 1986, RIL became a public company, and the following year, it issued its first Initial Public Offering (IPO). This move helped RIL to raise capital and expand its operations. In the 1990s, RIL continued diversifying its operations, expanding into telecommunications, power, and financial services.

In 2002, RIL merged with Indian Petrochemicals Corporation Limited (IPCL), which helped the company to expand its petrochemical and refining operations further.

In 2005, RIL entered the retail sector, launching its first retail store in Mumbai. Since then, the company has expanded its retail operations to grocery stores, hypermarkets, and online retail.

In recent years, RIL has continued to expand its operations and become one of India's largest companies. In 2016, the company launched its telecom service, Jio, which quickly became one of the largest telecom companies in India. RIL has also made significant investments in renewable energy, digital services, and healthcare.

Today, RIL is a global company with operations in over 100 countries. It is one of the largest companies in India and is recognized as a leader in many sectors in which it operates.

Reliance Group Historical Timeline

Following is the Reliance Group history in detail-

  • 2018: Jio ranked no. 1 for most innovative companies in India. Announces new Postpaid offering.

  • 2017: Reliance Industries won the prestigious 'Dupont Operational Excellence Award.' Becomes the second largest producer of Para-xylene (PX) globally.

  • 2014: Reliance Jio became the first telecom operator in India to get pan India Unified License.

  • 2013: RIL’s Revenues for FY 2012–13 are $68.4 billion, and the net worth of Rs. 176,766 crores. Its exports for FY 2012–13 are 14% of India’s total exports.

  • 2010: The Company entered into partnerships in the United States of America with Atlas Energy, Pioneer Natural Resources, and Carrizo Oil & Gas through joint venture agreements.

  • 2009: The company raised around Rs 3,188 crore through the sale of 1.50 crore equity shares.

  • 2005: Reliance Industries won two National Energy Conservation awards and 'National Award for R&D Efforts in Industry - 2005'.

  • 2002: Reliance Petroinvestments became a subsidiary of the company. Reliance Life Insurance Company and Reliance General Insurance Company have ceased.

  • 2000: Reliance Power Ventures, a wholly-owned subsidiary of Reliance Industries, start. Reliance Industries Ltd also set up a world-class Indian Institute of Information Technology for students in India.

  • 1997: First business in Asia to issue 50 and 100 years bonds in the US debt market.

  • 1996: First private sector company to be rated by international credit rating agencies. Net profit crosses the Rs.1,000 crore mark.

  • 1993: India's most extensive public offering – Reliance Petroleum Issue.

  • 1991: Reliance entered the polymers business and started VCM and PVC plants.

  • 1988: Sales crossed Rs. 1,000 crores mark.

  • 1986: Started a PTA plant at Patalganga. Reliance commissioned Polyester Staple Fibre (PSF) plant alongside.

  • 1985: Total Assets worth cross Rs. 1,000 crores.

  • 1977: First IPO to the Indian Public. With effect from 11th March, the name of Mynylon Ltd was changed to Reliance Textiles Industries Ltd.

  • 1975: Company converted into a public limited company.

  • 1973: The company is incorporated in Karnataka as a public limited company under the name Mynylon Ltd. that manufactures synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells, and color TV picture tubes.

  • 1966: On 11th February 1966, Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra.  A synthetic fabrics mill in the same year at Naroda in Gujarat is established. On 1st July, the company was amalgamated with Mynylon Ltd.

List of Major Subsidiaries of Reliance

Here is the top reliance industries company list-

S.No.

Company Name

Industry

1.

Jio Platforms

Telecommunications

2.

Reliance Retail

Retail

3.

Reliance Life Sciences

Biotechnology

4.

Reliance Logistics

Logistics

5.

Reliance Solar

Solar

6.

Reliance Industrial Infrastructure

Infrastructure

7.

Network 18

Media

8.

Reliance Eros Productions LLP

Recreational, Cultural, and Sporting

9.

Reliance Industrial Investments and Holdings Limited

Financial Services

10.

Reliance Strategic Business Ventures

Investment Holding

11.

Embibe

Ed-tech

12.

NowFloats

Website Development Platform

As of 2023, some of the significant subsidiaries of Reliance Industries Limited (RIL) are-

  • Jio Platforms Limited

A digital services company that provides a wide range of services, including mobile and broadband services, digital content, and e-commerce platforms. It is amongst the highest profit-grossing Reliance company products.

  • Reliance Retail Ventures Limited

A subsidiary of Reliance Industries, which operates one of the largest retail chains in India. The company offers various products, including groceries, electronics, fashion, and lifestyle products.

  • Reliance Jio Infocomm Limited

A telecommunications company that provides 4G LTE services across India. The company also offers a suite of digital services, including JioTV, JioCinema, and JioMusic. It is one of the top Reliance group of companies.

  • Reliance Industrial Infrastructure Limited

A subsidiary of Reliance Industries that operates in the infrastructure sector. The company provides infrastructure facilities, including transportation, storage, and handling of petroleum products.

  • Reliance Petroleum Limited

A subsidiary of Reliance Industries, which operates one of the largest oil refineries in India. The company produces a wide range of petroleum products, including petrol, diesel, and aviation fuel.

  • Reliance Life Sciences Limited

A biotechnology company that develops advanced therapeutics, diagnostics, and stem cell technologies. The company also operates in the areas of regenerative medicine and genomics.

  • Reliance Solar

RIL's solar energy subsidiary operates in the areas of solar power generation and solar panel manufacturing.

  • Reliance Logistics

RIL's logistics subsidiary provides logistics and transportation services across various industries.

Products and Brands under Reliance Industries

Reliance Industries Limited (RIL) is an Indian multinational conglomerate with businesses across various sectors, including petrochemicals, refining, oil and gas exploration, telecom, retail, and textiles.

Some of the major products and brands under Reliance Industries are-

  • Petrochemicals

RIL is the largest producer of petrochemicals in India and offers a range of products like polyethylene, polypropylene, polyester, PVC, and others. Some of the brands under petrochemicals are Relene, Recron, and Novex.

  • Refining

RIL has the world's largest refining complex, producing gasoline, diesel, and aviation fuels. The brands under refining are RelPet and RelDiesel.

  • Oil and Gas Exploration

RIL is one of India's leading oil and gas sector players and has interests in exploration, production, and refining. The major brands under this segment are KG-D6 and MA.

  • Telecom

RIL's telecom arm, Reliance Jio, has become one of the largest telecom operators in India, offering high-speed internet, voice, and data services. Some popular brands under Reliance Jio are JioFiber, JioMart, and JioSaavn.

  • Retail

RIL's retail arm, Reliance Retail, is India's most significant organized retail player and offers a range of products like groceries, electronics, apparel, and footwear. Some popular brands under Reliance Retail are Reliance Fresh, Reliance Digital, and AJIO.

  • Textiles

RIL's textiles division produces a range of products like fabrics, apparel, and home textiles. Some popular brands under textiles are Vimal, Only Vimal, and Recron.

Conclusion

Reliance Industries has a rich and diverse history that spans over five decades. Under Dhirubhai Ambani's leadership, it rapidly grew and diversified into various industries, including petrochemicals, textiles, and telecommunications.

After he died in 2002, his sons, Mukesh and Anil Ambani, took over the reins of the company but later split it into two separate entities.

Reliance Industries is a leading player in various sectors, including oil and gas, petrochemicals, refining, retail, and telecommunications. It has a global presence and has won several accolades and awards for its innovative and sustainable practices.

The company's commitment to excellence, innovation, and sustainability has made it a household name in India and beyond. It continues pushing the boundaries of what's possible in its industries.

You May Also Be Interested to Know-

1.

History of Tata Company

2.

History of ITC

3.

History of Adani Group

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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Research Analyst - Himanshu Sinha

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