==========MISSION AND VISION=====================

link = http://www.reliance.dk/en/menu/about-reliance/mission-vision-and-values

link = http://www.relianceems.com/index.php/en/about-us/vision-and-mission

Reliance’s mission is:

To provide the best and most value-adding advice within investor relations, financial communications,
media relations, crisis communications, issues management and CSR reporting

To be an independent sparring-partner and to provide excellent advice for our clients in connection with
IPOs, ECM and M&A transactions, corporate governance-related issues as well as in connection with
preparations of contingency communications plans regarding public takeovers

We will never compromise environmental protection and we strive to provide a genuine one-stop
service for our customers with a focus on continual cost reduction and improvement.

Reliance’s activities shall be of benefit for both our clients, collaboration partners, employees and
shareholders

Vision

Reliance’s vision is:

To be our clients' 'first call' and preferred collaboration partner within our business areas

To consistently exceed our clients’ expectations for professional and value-adding advice

Our objective is long-standing and trustful client relationships created via excellent advice and service
We are totally dedicated to building a reputation as the most professional and highly valued circuit
board supplier to our customer base as an industry partner

Values

We are governed by our fundamental values:

Quality: We do not compromise – we have a passion for the best quality

Innovation: We are innovative and wish to enthuse our clients

Ambition: We set high objectives and push to achieve the best results

Honesty: We are honest towards our clients, also when it may be unpleasant

Integrity: We keep our word, guard confidentiality, and maintain a high level of integrity

===========HISTORY===========

link = https://en.wikipedia.org/wiki/Reliance_Industries

1960–1980[edit]

The company was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960s as Reliance
Commercial Corporation. In 1965, the partnership ended and Dhirubhai continued the polyester
business of the firm.[11] 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.[12] In 1975, the 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.[13] The issue was over-subscribed by seven times.[14] In
1979, a textiles company Sidhpur Mills was amalgamated with the company.[15] In 1980, the company
expanded its polyester 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., U.S.[12]

1981–2000[edit]
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance
Industries Ltd.[12] During the years 1985 to 1992, the company expanded its installed capacity for
producing polyester yarn by over 145,000 tonnes per annum.[12]

The Hazira petrochemical plant was commissioned in 1991–92.[16]

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 Reliance "BB+, stable outlook, constrained by the
sovereign ceiling". Moody's rated "Baa3, Investment grade, constrained by the sovereign ceiling".[17]

In 1995/96, the company entered the telecom industry through a joint venture with NYNEX, USA and
promoted Reliance Telecom Private Limited in India.[16]

In 1998/99, RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas.[16]

The years 1998–2000 saw the construction of the integrated petrochemical complex at Jamnagar in
Gujarat,[16] the largest refinery in the world.

2001 onwards[edit]
In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in
terms of all major financial parameters.[18] In 2001–02, Reliance Petroleum was merged with Reliance
Industries.[13]

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.[13][19]

In 2002–03, RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd. (IPCL), India's
second largest petrochemicals company, from the government of India.[20] IPCL was later merged with
RIL in 2008.[21][22]

In 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.[23]

In 2006, Reliance entered the organised retail market in India[24] with the launch of its retail store
format under the brand name of 'Reliance Fresh'.[25][26] By the end of 2008, Reliance retail had close
to 600 stores across 57 cities in India.[13]

In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders.

In 2010, Reliance entered the 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 the government of India.[27][28]

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.[29] Reliance also formed a 50:50 joint venture with BP for sourcing and
marketing of gas in India.[30]

In 2017, RIL set up a joint venture with Russian Company Sibur for setting up a Butyl rubber plant in
Jamnagar, Gujarat, to be operational by 2018.

==========PRODUCTS THEY DEAL==============

link = https://en.wikipedia.org/wiki/Reliance_Industries#Major_subsidiaries_and_associates

Reliance Retail is the retail business wing of the Reliance Industries.

It is the largest retailer in India.[44] Many brands like Reliance Fresh, Reliance Footprint, Reliance Digital,
Reliance Trends, Reliance Super, Reliance Mart, Reliance iStore etc.
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 etc.

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 chain-related products etc.

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.

Reliance Solar, the solar energy subsidiary of Reliance, was established to produce and retail

solar energy systems primarily to remote and rural areas.

Relicord is a cord blood banking service owned by Reliance Life Sciences

Reliance Jio Infocomm Limited (RJIL) previously known as Infotel Broadband, is a broadband service
provider which gained 4G licences for operating across India

Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL. RIL holds 45.43%

of total shares of RIIL

LYF, a 4G-enabled VoLTE device brand from Reliance Retail.

Network 18, a mass media company. It has interests in television, digital platforms, publication,

mobile apps, and films. It also operates two joint ventures, namely Viacom 18 and History TV18
with Viacom and A+E Networks respectively. It also have acquired ETV Network and since renamed its

channels under the Colors TV brand.

================GROWTH RATE===================

LINK = http://www.rediff.com/money/2004/may/10spec.htm

LINK = https://craytheon.com/financials/

fundamental_stock_analysis_cagr_annual_growth_rate_trend_chart.php?company=RELIANCE

Fiscal 2004 will go down as a record year in the history of Reliance Industries. The company's net

profits crossed the $1 billion mark. Over the last 25 years, RIL has seen its sales grow from Rs

120 crore (Rs 1.2 billion) to Rs 74,418 crore (Rs 744.18 billion).

Net profits during the period grew at a compounded annual growth rate of 26 per cent to Rs 5,160

crore (Rs 51.6 billion).

This remarkable performance was reflected in the stock markets too: shares of Reliance gave a

return of 39 per cent on an annualised basis.

Figuring among the top 150 companies globally in terms of net profit and among the top 450 in

terms of sales, Reliance's past performance has been admirable.

IMAGES = 2

=============STRUGGLE AND PROBLEMS===================

LINK = https://yourstory.com/2017/02/mukesh-ambani-failures/

LINK = https://en.wikipedia.org/wiki/Reliance_Industries#Controversies
Treat your investors' money even more carefully than your own money. And secondly, you cannot do
anything without the

right team — these are the two non-negotiable for me,

said Mukesh Ambani, owner of the world's largest startup, Reliance Jio, at a Nasscom Leadership Forum
in Mumbai

recently.

The Ambani family holds around 45% of the shares in RIL.[76] Since its inception, the company was
managed by its

founder and chairman Dhirubhai Ambani. After suffering a heart attack in 1986, he handed over the
daily operations of

the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002,
the management of

the company was taken up by both the brothers. In November 2004, Mukesh Ambani, in an interview,
admitted to having

differences with his brother Anil over 'ownership issues'.[77] He also said that the differences "are in the
private

domain". The share prices of RIL were impacted by some margin when this news broke out. In 2005,
after a bitter public

feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to
broker a deal

splitting the RIL group business into the two parts.[78] In October 2005, the split of Reliance Group was
formalized.

Mukesh Ambani got Reliance Industries and IPCL. Younger brother Anil Ambani received telecom,
power, entertainment and

financial services business of the group. The Anil Dhirubhai Ambani Group includes Reliance
Communications, Reliance

Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.[79][80]

The division of Reliance group business between the two brothers also resulted in de-merger of 4
businesses from

RIL.[81][82] These businesses immediately became part of Anil Dhirubhai Ambani Group. The existing
shareholders in RIL,
both the promoter group and non-promoters, received shares in the de-merged companies

In May 2014, ONGC moved to Delhi High Court accusing RIL of pilferage of 18 billion cubic metres of gas
from its

gas-producing block in the Krishna Godavari basin.[83] Subsequently, the two companies agreed to form
an independent

expert panel to probe any pilferage.

=========MARKET======================

LINK = https://relianceretail.com/reliance-market.html

Traditional retail is characterised by presence of over 15 million kirana shops in the country. These
kirana shops

operate their retail business on a fragmented distribution network with presence of a number of
intermediaries.

Reliance Market, the wholesale cash and carry store chain aims at supporting their growth and providing
them with a

modern distribution system.

Reliance Retail opened the first Reliance Market in 2011 and since then Reliance Market has grown
rapidly with 43

stores serving over 2.5 million member partners.

Reliance Market operates on the principle of 'less is more'i.e. 'buy for less' – 'operate for less' – 'sell for
less'

relying on higher efficiency of asset utilisation and passing on higher value to customers. The societal
value thus

created by Reliance Markets helps in supporting member partners to be more profitable.

Reliance Market enjoys strong patronage of its registered member partners by offering them a wide
assortment of

groceries, home and personal care products, consumables, general merchandise, apparel, footwear and
home appliances. By

sharing benefits of strong sourcing capabilities and relationships with a large network of vendors,
Reliance Market

offers regional, national and international brands to its partners and help them prosper.

Reliance Market’s strong own brand portfolio further brings relevant offerings to its shelves thereby
offering large

assortment of core and complementary products.

Reliance Industries contribution to total Indian exports is nearly 14%. The company is present in

numerous sectors like logistics, textiles, retail, natural resources, science and technology,

health care, energy, communications, construction and petrochemicals. Reliance Industries is also

the producers of Polyester Fibre, Mono-Ethylene Glycol (MEG), Purified Terephthalic Acid (PTA) and

Polypropylene (PP).

Retail sector includes Reliance Fresh, Reliance Digital, Reliance Footprint, Reliance Trends,

Reliance Mart, Reliance Home Kitchens, Reliance Time Out, Reliance Wellness, Reliance Autozone,

Reliance Super, Reliance iStore, Reliance Market and Reliance Jewel.

Reliance Life Sciences includes working around industrial and medicinal Biotechnological

opportunities. It focuses on the branding, manufacturing and marketing of products that belong to

Reliance Industries brand in clinical research and bio pharmaceuticals.

Reliance Institute of Life Sciences is an institution that offers the chance for higher studies in

numerous fields of life science and technology.

Reliance Solar includes producing and selling systems related to solar energyto rural areas.

Reliance Jio Infocomm is a service provider for broadband

Reliance Industrial Infrastructure Limited has the primary objective of building and operating

pipelines that are used for the transportation of petroleum products.

Reliance Clinical Research Services is an organization for research programs.

Place in the Marketing mix of Reliance industries

Reliance Industries has nearly 123 subsidiaries and 10 associate firms. In the retail sector, it

is the largest retailer with nearly 1466 outlets in India. All the outlets are located at prime

locations with trained and efficient staff to garner maximum consumers.

It will be impossible to cover the number of cities and places that reliance industries has

presence in across India. This statement itself gives you a point of view of the large operations

that are the foundation of Reliance industries.

A fabric mill was established in the year 1966 at Naroda, Gujarat and this was the starting point

of Reliance Industries. It has manufacturing plants at various convenient sites like Jamnagar. The

petro chemical plant at Hazira was started in 1991.

The biggest Gas discovery was by Reliance Industriesat the Godavari- Krishna Basin. Reliance

Industries is a very old hand at each stage of circulation whether manufacturing, or hiring

wholesalers or contracting retailers. They have a wide network already in place for every facet

like channel, intermediary or distribution and their sound mechanism has taken them to such

unimaginable heights.

Price in the Marketing mix of Reliance industries

The pricing policy of Reliance Industries is different for different sectors. The policy for

sectors such as retail, telecommunications and health care that are in direct contact with the

consumers is mainly penetration pricing. This is because most of these sectors are question marks

and their outcome is undetermined as of now. Retail and telecommunication both suffer huge losses

but companies invest in them looking at the future.

If the fair pricing policy is in place, then automatically the volume will rise and in turn, it

will lead to better revenues. The policy for the sector petrochemicals is different as it is

dependent largely on the current global market, which is very flexible. The various market

conditions along with the costing and promotional expenses determine the pricing policies of the

company.

Reliance Industries has a special team of highly qualified individuals who are the main
determining factors behind every pricing policies and decisions and this is arrived after a

complete analysis and evaluation. In some sectors like Reliance Fresh showrooms, it has dropped

the services of intermediaries and bought the items directly from its source and hence has been

able to lower the prices of the products, due to which the sale is higher and it is able to

survive in the tough retail business.

Promotions in the Marketing mix of Reliance industries

Reliance has eagerly utilized the available advertising tools so that the best marketing

strategies could be implemented. Their promotional campaigns are clean, well made, trendy with an

emotional touch and up to the mark to attract the consumers. Reliance Industries also announces

discounts and schemes for its consumers.

However, promotions is a big expense for most companies and hence Reliance relies more on spending

less on promotions and reducing the prices so that customers are attracted to the company. In

fact, except for the retail sector, hardly any advertising is seen from Reliance. And even if it

uses advertising, it uses more of BTL then ATL.

It has been a regular sponsor of sports activities and has bought an IPL (cricket team). It also

holds various rehabilitation programs for the downtrodden people.

=========CAPITAL===========================

LINK = https://en.wikipedia.org/wiki/Reliance_Industries#Shareholding

The number of shares of RIL are approx. 3.1 billion.[32] The promoter group, Ambani family, holds
approx. 46.32% of the

total shares whereas the remaining 53.68% shares are held by public shareholders, including FII and
corporate

bodies.[32] Life Insurance Corporation of India is the largest non-promoter investor in the company,
with 7.98%

shareholding.[33]
In January 2012, the company announced a buyback programme to buy a maximum of 120 million
shares for ₹104 billion (

US$1.5 billion). By the end of January 2013, the company had bought back 46.2 million shares for ₹33.66
billion (US$500

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.[35][36] It has issued

approx. 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.[32]

Its debt securities are listed at the Wholesale Debt Market (WDM) Segment of the National Stock
Exchange of India

Limited (NSE).[37]

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.[38][39][40] On the 28th of December, 2017, RIL announced that it will
be acquiring the

wireless assets of Anil Ambani-led Reliance Communications for about ₹23,000 crores[41].

=============FINANCE==============

LINK = http://www.ril.com/investorrelations/financialreporting.aspx

Financial Reporting

We maintain a valuable relationship and trust with all our stakeholders by ensuring a transparent
financial reporting system. Our superior credit profile is reflected in our relationships with

over 100 banks and financial institutions having commitments with us. Our financial discipline and

prudence is also reflected in our strong credit ratings.

Subsidiaries and Associates

Reliance encourages its subsidiary companies to participate in its group-wide Business

Responsibility initiatives on several topics. The company’s Corporate Social Responsibility

mission is to continue growing as a responsible organisation that believes in enriching lives of

those around it. All subsidiaries are well-aligned with the CSR activities under the Reliance

Foundation. RIL’s subsidiaries like Reliance Retail Limited and Reliance Trading Limited have

participated in various initiatives across several areas. These include farm engagement

activities, training and skill development of youth, community development activities and

promotion of education, among others.

=============HR POLICY===============

LINK = https://www.ukessays.com/essays/commerce key-human-resource-activities-of-reliance-

communications-commerce-essay.php

LINK = https://www.scribd.com/doc/28918973/Reliance-HR-Policies

LINK = https://www.scribd.com/doc/18005421/Hr-Reliance

Reliance communications follows good human resource policies and procedures even though it has

some draw backs.

Vision of the company- Providing information, communication, entertainment services and being the

benchmark in customer experience, employee centricity and innovation is the main vision of the
company.

Mission of the company- meeting beyond customer needs and wants with a segmented approach,

relentless offering of services and products that are value for cash and stimulate customers,

offer a network experience that is best in the communication industry, make reliance in to an

international brand which is a iconic brand by others and lead industry in target to purchase and

faithfulness.

INTRODUCTION TO HUMAN RESOURCE MANAGEMENT

Human resource management refers to an assortment of policies used to systematize work in the

employment relationship and centres on the management of work and the management of people who

undertakes this work.

Therefore HRM is concerned with recruitment, selection, learning and development, reward,

communication, teamwork and routine management. While it is relatively easy to list activities

that make up HRM, It is a subject that stimulates much debate and disagreement.

The hr process is considered as important for the management of the consumer pleasure with human

recourses. The clients find comfortable and will be satisfied when they understand the hr

processes and how they are connected and the hr processes interact. Modern hr processes are

measured and frequently analysed and identifies the irregularities in the activities and it brings

the improvements for the benefits of the organisation.

The success of Human Resources Management is in the connection of all HR processes as they provide

the adequate supports to workers and the managers. So the main aim of Human Resource Management
is

to keep the human capital ready for action on the market and the rational grouping of HR Processes

helps to interact and manage the individual processes.

Every organisation has their own HR processes, but the main HR Processes are always same in all

companies as it is the market HR Best Practices.

Human Resource Management is considered as a comparatively new approach to Personnel

Management.

HRM emphasizes primarily on its strategic contributions and its closer alignment to business, HRM

is a vital component of any organization, its involvement among other components of line

management is notable (Paauwe. J, Jan 2009). Paauwe further suggests that HRM aims on its ultimate

goals such as High job performance, low absence and high cost effectiveness through the efficient

utilization of the man power of the company. Human resource is really the major component of any

organization, the success or failure of an organization heavily relies on its Man power

management. Maslow's need Hierarchy theory is considered as guiding principle for HR Management

across the globe. Maslow identified the very basics of human motivation factors. Following this

principle it can be assumed that to motivate an employee HR manager should understand his level of

expectations, potential of the employee, and should evaluate the performance before and after

certain motivational measures implemented.

KEY HUMAN RESOURCE ACTIVITIES OF RELIANCE TELECOMMUNICATIONS

Main HR process areas

Manpower planning

Recruitment and staffing

Human resource development

Compensation and benefits

Leadership development

NEED AND IMPORTANCE OF STAFFING

Keep space with new development-New developments are happening every day. A business will have to

keep phase with new changes. This will be possible only if competent persons are employed who can

adjust as per the new situation.

Manpower Development-man power planning will have to be done in advance. The future requirements

of personnel will be estimated quite in advance. The new staff will be recruited, people will be

prepared for talking up higher responsibility jobs, and all this will be possible with a well

planned staffing function.

HUMAN RESOURCE DEVELOPEMENT

This function helps the employees to develop their skills and knowledge for increasing their

output. This process is not only done for the fresher's but also to the existing employees in the

firm to develop their skills and responsibilities. Human resource development helps to increase

the total knowledge, abilities, skills, talents, and aptitudes of an organisation's work force.

Human resource development includes function such as training, career development.

Training-Training is providing to improve the knowledge and skills of the employees there are

mainly two types of training they are on the job training and off the job training.

On the job training is a process of giving training in normal working situations using actual

materials or documents, equipment, actual tools trainees will make use when completely moulded.

Off the job training is usually provided away from the usual working environment, it may include

more general skills and knowledge which is useful for the job. This type of training is given by

the specialised trainers or from an outside company who outsource the trainers.

METHODS OF TRAINING

A.Programmed learning- It is a step by step process of self learning method,providing questions,

facts, and problems to the learner then allowing the person to respond and providing feed back on

the accuracy of the answer.

B. Apprentiship training- It is a method of process that the employees will become efficient
workers through grouping of classroom coaching and also through on job training.

C. Audio visual based training- This method of training includes tools like power point

presentation, online video conferencing, audiotapes and video tapes.

D. Computer based trining- This training method is widely used to provide good training to

employees, it is time consuming and easy way to provide training. It is cost effective while

comparing to other training methods.

E. Simulated training- In this method trainess will learn from the actual or simulated equipement

they will use on the job, but actually trained off the job.

F. Lectures- When their is a large number of trainees, this method is used it is the immideate way

to give instruction of job related activities within a specified period of time.

H. Internet and distance Training - Internet training includes video conferencing and web based

training, distance training means traditional training paper and pencil correspondence course.

1. Tele training - where a trainer in a central location teaches groups of employees at remote

locations via television hookups.

2. Videoconferencing - allows people in one location to communicate live via a combination of

audio and visual equipment with people in different locations-another city or country or with

groups in several cities.

3. Training via the Internet - the Internet based learning programs are very popular. Several

companies simply let their employees to take online courses provided by online course providers

while others use their intranets to facilitate computer-based training.

MAJOR HR ISSUES FACED BY RELIANCE COMMUNICATION

ISSUES IN RELIANCE COMMUNICATIONS

EMPLOYEE RETENTION

POOR HR POLICIES

CASH AND COMPENSATION ISSUES

1.CASH AND COMPENSATION ISSUES:

Cash and compensation issues is a major problem faced by HR managers in reliance communications.

There is more pressure on HR function to pay more incentives and basic pay for the

employees.However reliance paying basic salary to each individual employees the company faces more

pressure to meet the employee beniefits .

2.EMPLOYEE RETENTION ISSUES:

Most of the companies face the same problem of employee lay-offs. So the organisation have to

prevent the issue by retaining the employee by providing good working condition and benefits

whichever the employees need. In reliance industries there are so many employees leave the company

due to lack of co-ordination between workers. The organisation tries to check the issue but fails

sometimes.

3. POOR HR POLICIES :

The plocies and practices adopted by the HR managers regarding their networking sector is an

important example. They brought some new plans in mobile networking sector like low call rate for

mobile users, low internet browsing charge.etc., but the competitors like AIRTEL communications,

BSNL network, VODAFONE facilitated some more exciting offers than the reliance. In that situation

the Reliance communication hesitated to change their HR policies and techniques.

From the graphical representation of reliances communications profit from 2007 to 2012, we can

easily determine that the profit is coming down in last two years comparing to the past this is

due to the poor HR issues as mentioned above.The company is earning a high growth in 2008 and 2009

which is around 55000 million and it is dramatically falling down in the upcoming years.That means
the company is facing some major HR issues and also high competition from other companies, so the

organisation must change their HR policies eventually.

=============ADVERTISEMENT==================

=============NET PROFIT AND LOSS STUDY============

Read more at:

//economictimes.indiatimes.com/articleshow/63942217.cms?utm_source=contentofinterest&

utm_medium=text&utm_campaign=cppst

Reliance Industries Limited (RIL) posted its highest-ever quarterly consolidated net profit of Rs

9,423 crore, recording 25.1 per cent growth. The company's total revenue stood at Rs 109,905

crore, which is up 30.5 per cent as compared to Rs 84,189 crore in the corresponding period of the

previous year. RIL's net profit was at Rs 7,533 crore in the corresponding period of the previous

year.

Reliance Industries telecom arm Jio posted a net profit of Rs 504 crore as opposed to Rs 271 crore

loss in the previous quarter. Jio, the world's largest and fastest growing mobile data network,

had a subscriber base of 160.1 million at the end of December, the company said.

Total wireless data traffic during the quarter stood at 431 crore GB while total voice traffic

during the quarter was 31,113 crore minutes. Reliance Jio Infocomm had earlier signed a definitive

agreement for the acquisition of specified assets of Reliance Communications (RCom).

Increase in revenue is primarily on account of volume increase with start-up of petrochemicals

projects and increase in prices in refining and petrochemical businesses. RIL's standalone net

profit stood at Rs 8,454 crore. Mukesh Ambani-led energy giant's Gross Refining Margin came at

$11.60 /bbl vs $12 per /bbl QoQ.

"Jio's strong financial result reflects the fundamental strength of the business, significant

efficiencies and right strategic initiatives. Jio has demonstrated that it can sustain its strong

financial performance," Mukesh Ambani on Jio making its first-ever profit.

Commenting on the highest-ever quarterly profits, RIL Chairman Mukesh Ambani said, "Fittingly,

this quarter marks the culmination of our petrochemical expansion projects and the first positive

net profit contribution from our newest business line - Digital Services. Our refining business

has delivered 12 consecutive quarter of double-digit refining margins, demonstrating operating

excellence and healthy industry fundamentals. Benefits of the large investments in petrochemical

business are beginning to show with the segment reporting its highest ever earnings."

Operating revenue went up by 3.60 per cent yoy to Rs 7,120 crore during the quarter under review.

Mukesh Ambani-led Reliance Industries (RIL) reported a consolidated net profit of Rs 94.35 billion

for the quarter ending March 31 (Q4) on the back of improved performance of its petrochemical and

retail businesses. The profit was largely in line with the consensus estimates of Rs 93.79 billion

according to a Bloomberg poll of analysts, and represents a 17.3 per cent increase over Rs 80.46

billion reported in the year ago quarter.

Mukesh Ambani-led Reliance Industries (RIL) reported a consolidated net profit of Rs 94.35 billion

for the quarter ending March 31 (Q4) on the back of improved performance of its petrochemical and

retail businesses. The profit was largely in line with the consensus estimates of Rs 93.79 billion

according to a Bloomberg poll of analysts, and represents a 17.3 per cent increase over Rs 80.46

billion reported in the year ago quarter.

Reliance has become the first Indian company to record PBDIT (profit before depreciation, interest

and tax ) of over $10 billion (annual basis) with each of our key businesses — refining,

petrochemicals, retail and digital services achieving record earnings performance

In 2017-18, the company reported a net profit of Rs 360.75 billion, higher by 20.6 per cent

compared to Rs 299.01 billion reported a year back. Net revenue for the full year was at Rs 3.92

trillion, about 28.3 per cent higher than Rs 3.05 trillion in 2016-17. “The polyester and polymer

businesses have been good and in FY19 we should get the benefit of higher volumes. Retail and Jio

have reported exceptional numbers at an aggregate level,” said V Srikanth, joint chief financial

officer, RIL.

Overall, the company said, it has spent Rs 210 billion as capital expenditure in the March quarter

at the consolidated level, of which Rs 140 billion was spent for the telecom business. As of March

2018, the telecom business’ total debt was at Rs 570 billion and RIL’s gross debt was at Rs 2.19

trillion.

===========LOSS STUDY=================

LINK = https://scroll.in/article/734602/the-story-of-mukesh-ambanis-loss-making-private-firm-that-just-
got-public-banks-to-restructure-its-loans

A loss-making company controlled by India's richest man, Mukesh Ambani, who heads the country's

biggest private corporate entity, Reliance Industries Limited, has successfully managed to

reschedule repayments of its loans to banks. Reliance Gas Transportation Infrastructure Limited,

the closely-held firm whose shares are not listed on stock exchanges, has a colourful and

controverisal past.

According to a story broken by Dev Chatterjee in the Business Standard on June 12, this is the

first time a company in the Reliance group led by Mukesh Ambani has sought and obtained

rescheduling of loans extended to it by Indian public-sector banks.

RGTIL's losses for the financial year that ended on March 31, 2015, stood at Rs 436 crore on an
income of Rs 1,357 crore. In the previous year, the company's losses were nearly eight times

higher at Rs 3,403 crore on a slightly higher income of Rs 1,412 crore. The company's debt was

above Rs 16,000 crore at the end of March.

RGTIL has stated that it had received a sanction from nationalised banks to repay the principal

loan amount outstanding by 2030-’31 instead of 2019-’20. Such a rescheduling is considered most

generous.

Closely held company

Why did this company seek and obtain a new schedule for repaying the loans it had received from a

consortium of banks? And what is the role of this particular firm in the bigger affairs of RIL,

India's biggest private corporate entity, and its associates?

RGTIL is a company in which Mukesh Ambani holds a personal stake is 42.5%. Being a closely-held

private company, its accounts are not part of the financial statements that are disclosed by RIL,

which is a widely-held company whose shares are listed on stock exchanges. Yet this company plays

an important role in the activities of the wider business empire controlled by the Ambani family.

RGTIL owns and operates a nearly 1,400-kilometre-long natural gas transportation pipeline from

Kakinada in Andhra Pradesh to Bharuch in Gujarat that passes through four states including

Karnataka and Maharashtra.

The company's losses are apparently on account of a sharp fall in production from the D6 block in the
Krishna-Godavari basin in the Bay of Bengal, where a company controlled by the Reliance group

has been contracted by the government to explore and extract natural gas. The decline in gas

output has, in turn, led to significant decline in the utilisation of the pipeline's capacity.

In 1999, when RIL obtained the rights to explore the D6 block, it was estimated that gas output
would be in the region of 40 million metric standard cubic metres a day. This figure was

subsequently doubled and the pipeline that was built to transport the gas assumed gas production

would be 80 mmscmd.

These estimates seemed reasonable when in March 2010 gas production reached nearly 70 mmscmd
and

RIL crowed about its achievement. However, gas output started dipping thereafter.

Falling output

In 2010-’11, production averaged less than 56 mmscmd and in the following year, gas output dropped

below 43 mmscmd. Worse was to follow. In 2012-’13, production shrunk to 26 mmscmd and by
December

2014, the average output of gas from the KG-D6 block had come down to a meagre 10 mmscmd, an

eighth of the amount had been envisaged.

Reliance group spokespersons claimed the fall in gas production was on account of "natural" and

"unanticipated" factors, whereas others – including the Comptroller and Auditor General of India

and a Parliamentary committee – were sceptical about their explanation.

They contended that output had been "deliberately" suppressed in anticipation of higher prices of

gas which are administered by the government. RIL protested.

Over the last three years, the Ministry of Petroleum and Natural Gas has levied penalties on the

contracting company led by RIL, disallowing it from recovering costs incurred to the extent of

nearly $ 2.4 billion (or around Rs 15,000 crores at the prevailing exchange rate). The company

again protested.

A number of petitions on these and related issues are currently under adjudication in the Supreme
Court. In addition, arbitration proceedings are proceeding concurrently.

The drastic fall in gas production has not merely adversely affected the fortunes of RGTIL. Power plants
which were set up to use the gas are operating way below their installed capacities.

According to a December 2013 report of a Parliamentary committee, power projects with investments

of Rs 40,000 crore are "stranded" because of non-availability of gas.

In March, the Union cabinet approved a plan to subsidise imported liquefied natural gas to help

these stranded projects.

Intense battle

RGTIL was created in March 2003 as a 100% subsidiary of RIL. In August 2004, RGTIL was granted

approval by the Ministry of Petroleum and Natural Gas to build a pipeline to transport gas from

Kakinada to Bharuch.

Between November 2004 and June 2005, the Ambani brothers Mukesh and Anil fought a bitter battle in

public over control of the assets of the businesses of the family.

On April 21, 2005, an unusual development took place. For a paltry sum of Rs 500,000, RGTIL was

taken out of the ambit of RIL and converted into an "independent" company controlled entirely by

Mukesh Ambani.

The way this was done presents a typical case study of how Ambani family members structure their

personal assets, using a slew of companies with extremely complicated cross-holdings – that is,

shares held by a clutch of corporate entities in one another – with loyal employees and associates

acting as directors in these firms.

The story of RGTIL then took an interesting turn, The Union budget for 2009-’10, announced by
Pranab Mukherjee, who was the finance minister at the time (and is now President of India) on July

6, 2009, inserted Section 35AD in the Income Tax Act, 1961, to allow 100% of the capital

expenditure incurred on setting up and operating a natural gas or a crude oil pipeline as a tax

deduction in the very first year of operation.

This was the only business of its kind in India in which the entire capital expenditure incurred

was allowed to be treated as revenue expenditure in the first year of operation. The estimated

benefit to RGTIL was a staggering Rs 20,000 crore.

Deal is investigated

Four years later, in 2013, a report was drafted by the Serious Fraud Investigation Office in the

Ministry of Corporate Affairs investigating the manner in which firms in the Reliance group had

sought to control a company which controlled the NewsX television channel.

The draft report, which was presented in the Supreme Court on November 11 that year by lawyer

Prashant Bhushan as an annexure to a public interest litigation petition, alleged that there had

been a "fraudulent" set of transactions linked to corporate entities controlled by lobbyist Niira

Radia, a Mauritius-based associate of multinational investment firm New Silk Route (whose founders

included Rajat Gupta and Raj Rajaratnam who were been found guilty of insider trading charges in

the United States) and RGTIL.

The Serious Fraud Investigation Office draft report claims that the RIL chief quietly and without

any disclosure "stripped RGTIL from RIL and converted into his personal property at a meagre

price" through a "maze of private companies" that enabled India's richest man to "convert" a

wholly-owned subsidiary of the country's largest private corporate entity into his "personal

property" in a "classic manoeuvre".

RGTIL also figures among the firms involved in the so-called Biometrix case. In 2013, the
Enforcement Directorate in the Ministry of Finance (which is responsible for enforcing the Foreign

Exchange Management Act and the Prevention of Money Laundering Act) wrote to the Reserve Bank of

India seeking its advice on the legality or otherwise of a loan of Rs 6,530.36 crore ($1.62

billion) by an overseas branch of ICICI Bank to a Singapore-based company called Biometrix

Corporation that later returned to the country allegedly as foreign direct investment through the

issuance of financial instruments in four Reliance group companies, including RGTIL.

The range of transactions relating to this company underscores its importance to the sprawling

business empire of India's richest man.

The writer is a journalist, educator and documentary film-maker. He is the lead author of Gas

Wars: Crony Capitalism and the Ambanis.

==============SUCCESS STORY=====================

LINK = https://successstory.com/companies/reliance-industries-limited

LINK = https://www.moneycontrol.com/financials/relianceindustries/profit-loss/RI

Introduction

Reliance Industries Limited is the second biggest business empire of India in terms of profit

generation. They also are the second largest publicly traded company with shareholder count in

millions. It is one of the companies to be listed in Fortune 500 at rank 215 as per the 2016 list.

It is also among the top 250 Global Energy Company by Platts (2016), and is ranked highly at

number 8. The company continues to go strong despite the split between the Ambani brothers in

2005-06.

Dhirubhai Ambani started Reliance Industries Limited with his second cousin in the year 1966. He

had a heart stroke in the year 1986 and handed the empire to his sons Mukesh and Anil. By then,

Reliance had made a fortune and established itself as one of the premiere privately owned business
empires of the country. The Ambani family was counted among the richest families in the world.

Mukesh Dhirubhai Ambai, elder son of Dhirubhai Ambani, is the present CEO of Reliance Industries

Limited. He holds 44.7% of the shares of the company and is one of the most influential persons in

the country. He was the 36th most powerful person in 2014 as per the Forbes most powerful people

of the world. Currently, he has created a sensation by launching Reliance Jio services which

resulted in massive share drops of all the competitors.

Reliance Commercial Corporation was formed in the 1960s. In 1966, Reliance Textiles Industries Pvt

Ltd was founded in Maharashtra. Vimal became a major brand that Reliance created in the years

following 1975 when company expanded business in textiles. The Initial Public Offering came in

1977. It was a roaring success with 7-fold over-subscription.

Reliance Industries Limited was technically formed in 1985 when Reliance Textiles Industries Pvt

Ltd was renamed to Reliance Industries Limited. It was with an eye of expansion to other

industries. While the textiles department soared in the 80s and 90s, there were other

developments. 1991-92 saw Hazira Petrochemical Plant being commissioned- making their entry to

petrochemicals and energy. Then came Reliance Petroleum. 1995-96 saw Reliance Telecom enter the

market.

Reliance Petroleum and Reliance Industries Limited continued to grow as the most powerful parts of

Reliance Industries, and apart from a minor hiccup of split between the brothers- nothing has

stopped Reliance Industries. With Reliance Jio, the trend has already been towards further up.

Products

Refining and Marketing

RIL is among top ten in the world in terms of refineries. Jamnagar Complex has 2% of world’s crude
processing capacity. It is a global hub in the present day.

Petrochemicals
Polymers, Polyester, Fibre Intermediates, Chemicals, and Elastomer are among the major products from
the petrochemicals subsidiary. This department boasts of large production capacities with world-scale
projects.

Explorations and Production

With several ties and partnerships from major parts of the world, explorations and production is one of
the key places of interest of RIL.

Retail

RIL has made inroads in retail, providing a direct link between farmers, consumers, and small retailers.

Natural Gas

In 2002, Reliance struck gas in the D1-D3 field of KG D6 block. RIL is producing natural gas from the gas
fields D1-D3 since April 1, 2009, and light crude oil from the D26 oil field in KG D6 block, since
September 17, 2008.

Textiles

RIL manufacturing division at Naroda houses one of the largest and most modern textile complexes in
the world, an achievement recognised by The World Bank. Through Vimal, they have brought in a new
era in fabrics.

Telecommunication

Reliance Jio Infocomm Limited is providing services like 4G Internet, Broadband and Digital Services
across India.

Media

Network 18 Media & Investments Ltd is an Indian mass media company which is owned and operated by
Reliance Industries. Headquartered in Noida, India. It has interests in television, print, internet, film,
mobile content and allied businesses.

Acquisitions

In 1975, a company formed two years back was merged into Reliance Textile Industries Pvt Ltd. It was
earlier named as Mynylon Limited.

A company named IPCL was acquired in 2002-03 via shares. RIL bought 46% of the shares of the
company via Reliance Petro Investments Limited at Rs. 2638 crores.

Infotel Broadband Services Limited, the only successful bidder for pan-India 4G spectrum was acquired
in 2010. This was the major step after which the plan of Jio started to materialize.

Social Work

As a part of the CSR or the Corporate Social Responsibility, each company contributes some portion
of their profits in uplifting different channels of the country. RIL programs benefit over

1,50,000 people, and they have touched lives further than that over the years. Sustainable

development is one key area where they work for environment. Education and skills are other

regions which they touch to make the country a better place. They were voted among top

philanthropic organizations by a major Chinese media.

Review

Dhirubhai Ambani was a risk-taker and innovator, and among the first generation entrepreneurs of

the country. He laid the foundation stones of the Reliance Industries Limited and took it to

gigantic proportions. Mukesh Ambani has continued on the path. They have also managed to make

their efforts show in other endeavours like giving back to the community and corporate social

responsibility.