RELIANCE INDUSTRY

Reliance Industries Limited (RIL) is an Indian

conglomerate holding company headquartered in
Mumbai, Maharashtra, India. The company operates
in five major segments: exploration and production,
refining and marketing, petrochemicals, retail and
telecommunications.
The group is present in many business sectors across
India including petrochemicals, construction,
communications, energy, health care, science and
technology, natural resources, retail, textiles, and
logistics. RIL is the second-largest publicly traded
company in India by market capitalisation and is the
second largest company in India by revenue after the
state-run Indian Oil Corporation. The company is
ranked No. 99 on the Fortune Global 500 list of the
world's biggest corporations, as of 2013. RIL

contributes approximately 14% of India's total

exports.
Reliance Industries

Type

Public
BSE: 500325,
NSE: RELIANCE,
LSE: RIGD
Traded as
BSE SENSEX
Constituent
CNX Nifty
Constituent
Industry
Conglomerate
Reliance
Predecessor Commercial
Corporation
Founded
1966
Founder
Dhirubhai Ambani
Mumbai,
Headquarters
Maharashtra, India
Area served Worldwide
Mukesh Ambani
Key people
(Chairman and
MD)
Products
Crude oil, natural

Revenue
Operating
income
Net income
Total assets
Total equity
Number of
employees
Website

gas,
petrochemicals,
petroleum,
polyester, textiles,
retail, telecom,
media
US$ 75 billion
(2014)[1]
US$ 7.14 billion
(2013)[1]
US$ 3.86 billion
(2013)[1]
US$ 58.67 billion
(2013)[1]
US$ 31.66 billion
(2013)[1]
23,519 (2013)[1]
www.ril.com

CONTENTS
1 History
o 1.1 1960 1980
o 1.2 1981 2000
o 1.3 2001 present

 2 Shareholding
o 2.1 Listing
3 Operations
o 3.1 Major subsidiaries and associates
4 Employees
5 Environmental record
6 Awards and recognition
7 Controversies
o 7.1 De-merger of RIL in 200506
o 7.2 RIL Plane grounded
o 7.3 ONGC Controversy
o 7.4 Petition against Reliance Jio
8 See also
9 References
10 External links
History

1960 1980
The company was co-founded by Dhirubhai Ambani and his
cousin Champaklal Damani in 1960s as Reliance

Commercial Corporation. In 1965, the partnership was

ended and Dhirubhai continued the polyester business of the
firm. In 1966, Reliance Textiles Industries Pvt Ltd was
incorporated in Maharashtra. It established a synthetic
fabrics mill in the same year at Naroda in Gujarat. In 1975,
company expanded its business into textiles, with "Vimal"
becoming its major brand in later years. The company held
its Initial public offering (IPO) in 1977 The issue was oversubscribed by seven times. In 1979, a textiles company
Sidhpur Mills was amalgamated with the company. In 1980,
the company expanded its polyster yarn business by setting
up a Polyester Filament Yarn Plant in Raigad, Maharashtra
with financial and technical collaboration with E. I. du Pont
de Nemours & Co., USA
1981 2000
In 1985, the name of the company was changed from
Reliance Textiles Industries Ltd. to Reliance Industries Ltd.
[9]
During the years 1985 to 1992, the company expanded its
installed capacity for producing polyster yarn by over
145,000 tonnes per annum.[9] The Hazira petrochemical plant
was commissioned in 199192.[13] In 1993, Reliance turned to
the overseas capital markets for funds through a global
depositary issue of Reliance Petroleum. In 1996, it became
the first private sector company in India to be rated by
international credit rating agencies. S&P rated BB+, stable
outlook, constrained by the sovereign ceiling. Moody's rated

Baa3, Investment grade, constrained by the sovereign

ceiling.[14] In the year 199596, the company entered the
telecom industry through a joint venture with NYNEX, USA
and promoted Reliance Telecom Private Limited in India.[13]
In 199899, RIL introduced packaged LPG in 15 kg
cylinders under the brand name Reliance Gas.[13] During
19982000, the company completed setup of integrated
petrochemical complex at Jamnagar in Gujarat.[13]
2001 present
In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd.
became India's two largest companies in terms of all major
financial parameters. In 200102, Reliance Petroleum was
merged with Reliance Industries. In 2002, Reliance announced
India's biggest gas discovery (at the Krishna Godavari basin) in
nearly three decades and one of the largest gas discoveries in the
world during 2002. The in-place volume of natural gas was in
excess of 7 trillion cubic feet, equivalent to about 1.2 billion
barrels of crude oil. This was the first ever discovery by an
Indian private sector company. In 200203, RIL purchased a
majority stake in Indian Petrochemicals Corporation Ltd.
(IPCL), India's second largest petrochemicals company, from
Government of India. IPCL was later merged with RIL in 2008
In the years 2005 and 2006, the company reorganized its
business by demerging its investments in power generation and
distribution, financial services and telecommunication services
into four separate entities.In 2006, Reliance entered the

organised retail market in Indi with the launch of its retail store
format under the brand name of 'Reliance Fresh'. By the end of
2008, Reliance retail had close to 600 stores across 57 cities in
India. In November 2009, Reliance Industries issued 1:1 bonus
shares to its shareholders. In 2010, Reliance entered Broadband
services market with acquisition of Infotel Broadband Services
Limited, which was the only successful bidder for pan-India
fourth-generation (4G) spectrum auction held by Government of
India. In the same year, Reliance and BP announced a
partnership in the oil and gas business. BP took a 30 per cent
stake in 23 oil and gas production sharing contracts that
Reliance operates in India, including the KG-D6 block for $7.2
billion Reliance also formed a 50:50 joint venture with BP for
sourcing and marketing of gas in India.[27] In 2012, RIL set up a
joint venture with Russian Company Sibur for setting up a Butyl
rubber plant in Jamnagar, Gujarat. The plant is scheduled to be
operational in 2015Presently, Vivek Lall is the President and
CEO of New Ventures in the Chairmans Office at Reliance
Industries LimiTED

SHAREHOLDING
holds approx. 45.34% of the total shares whereas the remaining
54.66% shares are held by public shareholders, including FII
and corporate bodiesLife Insurance Corporation of India is the
largest The number of shareholders in RIL are approx. 3
million.The promoter group, Ambani family, non-promoter

investor in the company with 7.98% shareholding.

Buyback: In January 2012, the company announced a buyback
programme to buy a maximum of 120 million shares for
104
billion (US$1.6 billion). By the end of January 2013, the
company bought back 46.2 million shares for
33.66 billion
(US$530 million).
Listing
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. It has issued approx. 56
million GDRs wherein each GDR is equivalent to 2 equity
shares of the company. Approx. 3.46% of its total shares are
listed on Luxembourg Stock Exchange.
Its debt securities are listed at the Wholesale Debt Market
(WDM) Segment of the National Stock Exchange of India
Limited (NSE).
Credit Ratings: It has received domestic credit ratings of AAA
from CRISIL (S&P subsidiary) and Fitch. Moodys 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.

Operations
The company's petrochemicals, refining, and 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 201213, it
earned 76% of its revenue from Refining, 19% from
Petrochemicals, 2% from Oil & Gas and 3% from Other
segments
In July 2012, RIL informed that it was going to invest US$1
billion over the next few years in its new aerospace division
which will design, develop, manufacture, equipment and
components, including airframe, engine, radars, avionics and
accessories for military and civilian aircraft, helicopters,
unmanned airborne vehicles and aerostats.
Major subsidiaries and associates
On 31 March 2013, the company had 123 subsidiary companies
and 10 associate companies.
Reliance Retail is the retail business wing of
the Reliance Industries. In March 2013, it had
1466 stores in India.[40] It is the largest retailer
in India. Many brands like Reliance Fresh,
Reliance Footprint, Reliance Time Out, Reliance
Digital, Reliance Wellness, Reliance Trends,
Reliance Autozone, Reliance Super, Reliance
Mart, Reliance iStore, Reliance Home Kitchens,
Reliance Market (Cash n Carry) and Reliance
Jewel come under the Reliance Retail brand. Its
annual revenue for the financial year 201213

was

108 billion (US$1.7 billion) with an

EBITDA of

780 million (US$12 million)

Reliance Life Sciences works around

medical, plant and industrial biotechnology
opportunities. It specializes in manufacturing,
branding, and marketing Reliance Industries'
products in bio-pharmaceuticals,
pharmaceuticals, clinical research services,
regenerative medicine, molecular medicine,
novel therapeutics, biofuels, plant
biotechnology, and industrial biotechnology
sectors of the medical business industry.
Reliance Institute of Life Sciences (RILS),
established by Dhirubhai Ambani Foundation, is
an institution offering higher education in
various fields of life sciences and related
technologies
Reliance Logistics is a single-window
company selling transportation, distribution,
warehousing, logistics, and supply chainrelated products, supported by in-house
telematics and telemetry solutions. Reliance
Logistics is an asset based company with its
own fleet and infrastructure It provides logistics
services to Reliance group companies and
outsiders Merged content from Reliance

Logistics to here. See Talk:Reliance

Industries#Merge proposals.
Reliance Clinical Research Services (RCRS),
a contract research organisation (CRO) and
wholly owned subsidiary of Reliance Life
Sciences, specialises in the clinical research
services industry. Its clients are primarily
pharmaceutical, biotechnology and medical
device companies.
Reliance Solar, the solar energy subsidiary of
Reliance, was established to produce and retail
solar energy systems primarily to remote and
rural areas. It offers a range of products based
on solar energy: solar lanterns, home lighting
systems, street lighting systems, water
purification systems, refrigeration systems and
solar air conditioners.[ Merged content from
Reliance Solar to here. See Talk:Reliance
Industries#Merge proposals.
Relicord is a cord blood banking service
owned by Reliance Life Sciences. It was
established in 2002. It has been inspected and
accredited by AABB, and also has been
accorded a license by Food and Drug
Administration (FDA), Government of India.
Reliance Jio Infocomm (RJIL), previously
known as Infotel Broadband, is a broadband

service provider which gained 4G licences for

operating across India. Now it is wholly owned
by RIL for
48 billion (US$750 million). Sandip
Das, former ceo of Maxis Malaysia, is the
current group president of Reliance Jio
Infocomm.
Reliance Industrial Infrastructure Limited
(RIIL) is an associate company of RIL. RIL holds
45.43% of total shares of RIIL. It was
incorporated in September 1988 as Chembur
Patalganga Pipelines Limited, with the main
objective being to build and operate crosscountry pipelines for transporting petroleum
products. The company's name was
subsequently changed to CPPL Limited in
September 1992, and thereafter to its present
name, Reliance Industrial Infrastructure
Limited, in March 1994. RIIL is mainly engaged
in the business of setting up and operating
industrial infrastructure. The company is also
engaged in related activities involving leasing
and providing services connected with
computer software and data processing The
company set up a 200-millimetre diameter twin
pipeline system that connects the Bharat
Petroleum refinery at Mahul, Maharashtra, to
Reliance's petrochemical complex at
Patalganga, Maharashtra. The pipeline carries
petroleum products including naphtha and

kerosene. It has commissioned facilities like the

supervisory control and data acquisition
system and the cathodic protection system, a
jackwell at River Tapi, and a raw water pipeline
system at Hazira. The infrastructure company
constructed a 71,000 kilo-litre petrochemical
product storage and distribution terminal at the
Jawaharlal Nehru Port Trust (JNPT) Area in
Maharashtra. is