Reliance Industries

Reliance Industries
Reliance Industries Limited is an Indian

multinational conglomerate,
headquartered in Mumbai. Its businesses
include energy, petrochemicals, natural
gas, retail, telecommunications, mass
media, and textiles. Reliance is the largest
public company in India by market
capitalisation[4] and revenue,[5] and the
100th largest company worldwide.[6] It is
India's largest private tax payer[7] and
largest exporter, accounting for 7% of
India's total merchandise exports.[8] The
company has relatively little free cash flow
and high corporate debt.[9][10]
Reliance Industries Limited
Formerly Reliance Commercial

Corporation (1958–
1966)
Reliance Textiles and
Engineers (1966–
1973)
Reliance Industries
Limited (1973–
present)[1]
Type Public
Traded as BSE: 500325 (https://

www.bseindia.com/st
ock-share-price/x/y/5
00325/)
NSE: RELIANCE (http
s://www.nseindia.co
m/get-quotes/equity?
symbol=RELIANCE)
LSE: RIGD (https://ww
w.londonstockexchan
ge.com/stock/RIG
D//)
BSE SENSEX
Constituent
NSE NIFTY 50
Constituent
ISIN INE002A01018 (http
s://isin.toolforge.org/?
language=en&isin=IN
E002A01018)
Industry Conglomerate
Founded 1958[1]
Founder Dhirubhai Ambani

Headquarters Mumbai,
Maharashtra, India
Area served Worldwide
Key people Mukesh Ambani

(Chairman & Managing
Director)
Products Oil and Gas

Chemicals
Petrochemicals
Oil refining
Retail
Telecommunications
Media
Revenue ₹974,864 crore
(US$120 billion)[2] (2023)
Operating income ₹94,801 crore
(US$12 billion)[2] (2023)
Net income ₹73,670 crore
(US$9.2 billion)[2] (2023)
Total assets ₹1,713,506 crore
(US$210 billion)[2] (2023)
Total equity ₹821,153 crore
(US$100 billion)[2] (2023)
Owner Mukesh Ambani
(50.39%)[3]
Number of 389,414 (2023)[2]
employees
Subsidiaries Jio Platforms

Reliance Retail
Jio-bp
Network18 Group
Alok Industries
Reliance Foundation
Indiawin Sports
Reliance Global
Corporate Security
Relicord
Reliance Institute of
Life Sciences
Sikka Ports &
Terminals
Website www.ril.com (https://
www.ril.com/)
History
1958–1980
Stamp released in 2002 to honor

company founder Dhirubhai Ambani
Reliance Commercial Corporation was set

up in 1958 by Dhirubhai Ambani as a small
venture firm trading commodities,
especially spices and polyester yarn.[1] 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] On 8 May 1973, it became
Reliance Textiles Industries Limited. 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 Patalganga, Raigad, Maharashtra with
financial and technical collaboration with
E. I. du Pont de Nemours & Co., U.S.[12]
1981–2000
In 1985, the name of the company was

changed from Reliance Textiles Industries
Ltd. to Reliance Industries Ltd.[12] During
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
depository 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, Reliance took over Indian

Petrochemicals Corporation Limited during
privatization of public sector enterprises.
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
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 more than 7 trillion
cubic feet, equivalent to about 120 crore
(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] RIL took over
IPCL's Vadodara Plants and renamed it as
Vadodara Manufacturing Division
(VMD).[21][22] IPCL's Nagothane and Dahej
manufacturing complexes came under RIL
when IPCL was merged with RIL in
2008.[23][24]
In 2005 and 2006, the company
reorganised its business by demerging its
investments in power generation and
distribution, financial services and
telecommunication services into four
separate entities.[25]
In 2006, Reliance entered the organised

retail market in India[26] with the launch of
its retail store format under the brand
name of 'Reliance Fresh'.[27][28] 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.[29][30]
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.[31] Reliance also formed a 50:50
joint venture with BP for sourcing and
marketing of gas in India.[32]
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.[33]
In August 2019, Reliance added Fynd[34]

primarily for its consumer businesses and
mobile phone services in the e-commerce
space.[35][36]
On 18 August 2021, Reliance Industries

Limited (RIL) stated that it had shut down
its manufacturing units at Nagothane town
in Maharashtra.[37]
In December 2022, Reliance Industries
Market cap stood at Rs.17,59,017.23
crore.[38]
Shareholding
The number of shares of RIL are approx.

644.51 crore (6.44 billion).[39] The
promoter group, the Ambani family, holds
50.39% of the total shares whereas the
remaining 49.61% shares are held by
public shareholders, including FII and
corporate bodies.[39] Life Insurance
Corporation of India is the largest non-
promoter investor in the company, with
6.49% shareholding.[40]
In January 2012, the company announced
a buyback program 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$420 million).[41]
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 London
Stock Exchange.[42][43] 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.[39]
Its debt securities are listed at the

Wholesale Debt Market (WDM) Segment of
the National Stock Exchange of India
Limited (NSE).[44]
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.[45][46][47] 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.[48]
Operations
The company's petrochemical, refining,

and oil and gas-related operations form
the core of its business; other divisions of
the company include cloth, retail,
telecommunications, and special
economic zone (SEZ) development. In
2012–13, it earned 76% of its revenue from
refining, 19% from petrochemicals, 2%
from oil & gas and 3% from other
segments.[49]
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 and manufacture
equipment and components, including
aircraft, engine, radars, avionics and
accessories for military and civilian
aircraft, helicopters, unmanned airborne
vehicles, and aerostats.[50]
As of 16 March 2023, the company had
234 subsidiary companies and 11
associate companies.[51]
Subsidiaries
Jio Platforms
Jio Platforms Limited, essentially a

technology company, is a majority-owned
subsidiary of RIL. It has a valuation of
more than $100 billion on expert view as of
October 2022.It is the result of a corporate
restructuring announced in October 2019,
resulting in all the digital initiatives and the
telecommunication assets being housed
under this new subsidiary.[52] This new
subsidiary holds all the digital business
assets including Reliance Jio Infocomm
Ltd, which in turn holds the Jio connectivity
business - mobile, broadband and
enterprise, and also the other digital
assets (JIO Apps, Tech backbone and
Investments in other tech entities like
Haptic, Hathaway and Den Networks
among others).[53] In April 2020, RIL
announced a strategic investment of
₹43,574 crore (US$5.5 billion) by Facebook
into Jio Platforms. This investment
translated into a 9.99% equity stake, on a
fully diluted basis.[54] Further in May 2020,
RIL sold roughly 1.15% stake in Jio
Platforms for ₹5,656 crore
(US$710 million) to the American private
equity investor, Silver Lake Partners.[55]
Intel became the 12th company to invest in
Reliance Jio platforms after it invested
₹1,894.50 crore ($250 million), the total
investments in Jio platforms is
₹117,588.45 crore so far.[56] On 16 July
2020, Google announced that it will
acquire a 7.7% stake in Jio Platforms for
₹33,737 crore.[57] Mukesh Ambani has
named his son, Mr.Akash Mukesh Ambani
as the chairperson of Jio in 2022.[58]
Reliance Retail
Reliance Retail is the retail business wing
of the Reliance Industries. In March 2013,
it had 1466 stores in India.[59] It is the
largest retailer in India.[60] 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 2012–13 was
₹108 billion (US$1.4 billion) with an EBITDA
of ₹780 million (US$9.8 million).Its market
value is more than $60 billion.[49][61]
Mukesh Ambani stepped down from the
position of chairperson of Reliance Retail
and handed over the job to his daughter
Mrs. Isha Ambani Piramal.[62] Mr. Ambani
announced it during the 45th Reliance
AGM, in 2022. As per reports, this act is a
part of Ambani's leadership transition.[63]
Reliance Industrial Infrastructure
Reliance Industrial Infrastructure Limited

(RIIL) is an associate company of RIL. It
was incorporated in September 1988 as
Chembur Patalganga Pipelines Limited,
with the main objective being to build and
operate cross-country 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.[64] 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.[65]
Network 18
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
has also acquired a partial part of ETV
Network and since renamed its channels
under the Colors TV brand.
Other
Reliance Global Corporate Security is a

private security company which provides
enterprise wide security to assets of
Reliance Industries. It is composed of
former member of the military and
paramilitary forces, law enforcement
agencies, intelligence services as well
as technical experts from other
industries.[66][67]
Reliance Life Sciences works around
medical, plant and industrial
biotechnology opportunities. It
specialises 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.[68]
Embibe a Bengaluru-based EdTech start-
up raised funding of ₹89.91 crores from
RIL in February 2020. Over three years,
Reliance Industries had invested around
$180 million in the start-up. A part of it
was towards acquiring a stake of
72.69% from Embibe's existing
investors. In December 2019, Embibe,
under the proprietary name (Individual
Learning Private Limited), announced
that it picked up equity shares in
Bengaluru-based K12 startup Funtoot
(eDreams Edusoft). The deal was
capped at ₹71.64 crores in cash, which
holds 90.5% of the equity share capital
of Funtoot. In February 2020, it acquired
the rival platform OnlineTyari.[69][70]
Reliance Logistics is a single-window
company selling transportation,
distribution, warehousing, logistics, and
supply chain-related products.[71][72][73]
Reliance Logistics is an asset based
company with its own fleet and
infrastructure.[74] It provides logistics
services to Reliance group companies
and outsiders.[75]
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.[76] In 2022 RIL AGM,
Mukesh Ambani specified that his
youngest son Anant Ambani will take
over the new energy business.[77]
Reliance Eros Productions LLP, joint
venture with Eros International to
produce film content in India.[78]
Reliance Industrial Investments and
Holdings Limited (RIIHL), a wholly-
owned subsidiary of RIL which provides
financial services. The Company owns
securities of companies other than
banks, as well as offers investment
services.[79] RIIHL bought majority
stakes in two companies - logistics firm
Grab A Grub Services Private Limited
and software company C-Square Info
Solutions - for over ₹146 crores in March
2019. RIIHL also sponsored the Tower
Investment trust (InvITs) for the
acquisition of 49% equity in RJio's tower
assets for ₹25,215 crores by the
Canadian asset management firm
Brookfield Infrastructure Partners.[80] On
22 April 2021, RIIHL acquired the entire
issued share capital of Stoke Park Ltd,
company that owns and manages
sporting and leisure facilities in Stoke
Poges, Buckinghamshire for £57
million.[81]
Reliance Strategic Business Ventures
Limited (RSBVL), a wholly-owned
subsidiary of RIL bought a 51.78% stake
in robotics and AI firm Asteria
Aerospace for ₹23.12 crore and an 85%
stake in NowFloats Technologies for
₹141.63 crores in Dec 2019.[82] It also
holds 18.83% in EIH Limited, the flagship
company of The Oberoi Group, one of
the largest luxury hotel chains in India. In
November 2019, RSBVL invested an
undisclosed amount in SkyTran Inc. for
12.7%, increased it further to 26.3% by
April 2020. In February 2021, RIL became
the majority stakeholder with 54.46%
with an additional investment of $26.76
million.[83]
Reliance Sibur is a joint venture between
Reliance Industries and Silbur in the
business of making synthetic rubber.[84]
Relicord is a cord blood banking service
owned by Reliance Life Sciences. It was
established in 2002.[85] It has been
inspected and accredited by AABB,[86]
and also has been accorded a licence by
Food and Drug Administration (FDA),
Government of India.
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.[87][88]
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.[89]
LYF, a 4G-enabled VoLTE device brand
from Reliance Retail.[90]
Former holdings
In March 2017, Reliance Industries Ltd

(RIL) completed the sale process of its
76% equity stake in Mauritius-based oil
retailer Gulf Africa Petroleum Corp
(GAPCO) to Total Marketing & Services, a
subsidiary of the French oil and gas firm
Total SE.[91]
The East West Pipeline has been acquired

by India Infrastructure Trust, which is
owned by Brookfield Asset Management
for a consideration of ₹13,000 cr.[92]
Awards and recognition
International Refiner of the year in 2017

at Global Refining and Petrochemicals
Congress 2017 [93]
International Refiner of the Year in 2013
at the HART Energy's 27th World
Refining & Fuel Conference. This is the
second time that RIL has received this
Award for its Jamnagar Refinery, the
first being in 2005.[94]
The Brand Trust Report ranked Reliance
Industries as the 7th most trusted brand
in India in 2013 and 9th in 2014.[95][96]
RIL was certified as 'Responsible Care
Company' by the American Chemistry
Council in March 2012.[97]
RIL was ranked at 25th position across
the world, on the basis of sales, in the
ICIS Top 100 Chemicals Companies list
in 2012.[98]
RIL was awarded the National Golden
Peacock Award 2011 for its contribution
in the field of corporate sustainability.[99]
In 2009, Boston Consulting Group (BCG)
named Reliance Industries as the
world's fifth biggest 'sustainable value
creator' in a list of 25 top companies
globally in terms of investor returns over
a decade.[100]
The company was selected as one of
the world's 100 best managed
companies for the year 2000 by
IndustryWeek magazine.[12][101]
From 1994 to 1997, the company won
National Energy Conservation Award in
the petrochemical sector.[12]
Reliance demerger and

family feud
The Ambani family holds around 45% of

the shares in RIL.[102] Since its inception,
the company was managed by its founder
and chairman Dhirubhai Ambani. After
suffering a stroke 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'.[103] He also said that the
differences "are in the private domain". The
share prices [104] 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 two parts.[105] In October
2005, the split of Reliance Group was
formalised. 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.[106][107]
The division of Reliance group business

between the two brothers also resulted in
de-merger of 4 businesses from
RIL.[108][109] 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.[25]
Criticism and controversies
ONGC litigation
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.[110] Subsequently, the two
companies agreed to form an independent
expert panel to probe any pilferage.[111]
Cronyism
Seminar magazine (2003) detailed

Reliance founder Dhirubhai Ambani's
proximity to politicians, his enmity with
Bombay Dyeing's Nusli Wadia, the exposes
by the Indian Express and Arun Shourie
about illegal imports by the company and
overseas share transactions by shell
companies, and the botched attempt to
acquire Larsen & Toubro.[112]
As early as 1996, Outlook magazine
addressed other controversies related to
fake and switched shares; insider trading;
and a nexus with the state-owned Unit
Trust of India. Five main allegations
concerning Reliance, which have plunged
the Indian capital markets into a period of
uncertainty unsurpassed since the days of
the securities scam were:
Reliance issued fake shares.

It switched shares sent for transfer by
buyers to make illegal profits.
It indulged in insider trading in shares.
It established a nexus with the Unit Trust
of India to raise huge sums of money to
the detriment of UTI subscribers.
It attempted to monopolize the private
telecom services market through front
companies.[113]
2005 Criminal investigation
The Central Bureau of Investigation (CBI)

filed a charge sheet in a Mumbai court
against Reliance Industries Limited (RIL)
and four retired employees of National
Insurance Company Limited (NICL),
including a former CMD, under provisions
of the Prevention of Corruption Act for
criminal conspiracy and other charges.
Acting on a reference from CVC in March
2005, the CBI started probing the
conspiracy that led to the filing of the
charge sheet on 9 December 2011. The
2005 complaint had alleged irregularities
in the issuance of insurance policies — for
coverage of default payments — by NICL
to RIL. The charge sheet also mentioned
criminal offenses with dishonest intention
and causing wrongful loss totaling
₹147.41 crores to NICL and wrongful gain
to the private telecom provider.[114]
Two retired senior officials of National

Insurance Company Limited and 11 others
were awarded varying jail terms by a Delhi
court in Jan 2014.[115]
RIL plane grounded
A business jet owned by Reliance

Industries (RIL) was grounded by The
Directorate General of Civil Aviation
(DGCA) on 22 March 2014 during a
surprise inspection, for carrying expired
safety equipment on board; its pilot was
also suspended for flying without a
license.[116]
Krishna Godavari (KG) Basin gas

controversy
Reliance Industries Limited (RIL) was

supposed to relinquish 25% of the total
area outside the discoveries in 2004 and
2005, as per the Production Sharing
Contract (PSC). However, the entire block
was declared as a discovery area and RIL
was allowed to retain it. In 2011, the
Comptroller and Auditor General of India
(CAG) criticized the Oil Ministry for this
decision. The CAG also faulted RIL for
limiting the competition in contracts,
stating that RIL awarded a $1.1 billion
contract to Aker on a single-bid
basis.[117][118]
Petition against Reliance Jio

A PIL filed in the Supreme Court by an NGO
Centre for Public Interest Litigation,
through Prashant Bhushan, challenged the
grant of a pan-India license to RJIL by the
Government of India. The PIL alleged that
RJIL was allowed to provide voice
telephony along with its 4G data service,
by paying an additional fee of just INR
16,580 million (US$280 million) which was
arbitrary and unreasonable and
contributed to a loss of INR 228,420
million (US$3.8 billion) to the
exchequer.[119][120]
The CAG in its draft report alleged rigging

of the auction mechanism, whereby an
unknown ISP, Infotech Broadband Services
Pvt Ltd, acquired the spectrum by bidding
5000 times its net worth, after which the
company was sold to Reliance
Industries.[121]
Future Retail deal and possession
In February 2022, Reliance terminated the

leases of hundreds of Future Retail
locations, the next largest retail chain in
India, and took possession of those brick-
and-mortar shops. Future Retail had a deal
to sell its assets to Reliance, but that deal
was contested by Amazon.com, which in
2019 acquired a stake in a subunit of
Future Retail along with certain rights with
respect to the transfer of the retailer's
assets. Reliance's possessions came after
rounds of legal wrangling, including a 2020
arbitration in Singapore and an antitrust
review by the Competition Commission of
India.[122][123][124][125]
Stock manipulation and penalty
For manipulating shares of Reliance

Petroleum Limited (RPL), Reliance
Industries was fined Rs. 950 crore (about
447 crore in retracted gains and 500 crore
in interest) in 2007.[126] In April 2006, RPL
went public as a Reliance subsidiary at a
price of Rs. 60 per share. The market
crashed by 30% after it floated at roughly
Rs. 100, and RPL was back at 60. In
accordance with Securities and Exchange
Board of India directive, RIL carried out an
organised operation with the help of its
agents in order to obtain unauthorised
profits from the trading of its formerly
listed unit, RPL, which was combined with
the former in 2009.[127][128][129][130][131]
See also
List of companies of India

Dhirubhai Ambani Green Energy Giga
Complex
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External links
Official website (https://www.ril.com/)
Retrieved from
"https://en.wikipedia.org/w/index.php?
title=Reliance_Industries&oldid=1190708449"
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Reliance Industries Limited is an Indian

Formerly Reliance Commercial

Traded as BSE: 500325 (https://

Founder Dhirubhai Ambani

Key people Mukesh Ambani

Products Oil and Gas

Subsidiaries Jio Platforms

Stamp released in 2002 to honor

Reliance Commercial Corporation was set

In 1985, the name of the company was

In 1993, Reliance turned to the overseas

In 1995/96, the company entered the

In 1998, Reliance took over Indian

In 1998/99, RIL introduced packaged LPG

The years 1998–2000 saw the

In 2002, Reliance announced India's

In 2002–03, RIL purchased a majority

In 2006, Reliance entered the organised

In November 2009, Reliance Industries

In 2010, Reliance entered the broadband

In the same year, Reliance and BP

In 2017, RIL set up a joint venture with

In August 2019, Reliance added Fynd[34]

On 18 August 2021, Reliance Industries

The number of shares of RIL are approx.

The company's equity shares are listed on

Its debt securities are listed at the

It has received domestic credit ratings of

The company's petrochemical, reﬁning,

In July 2012, RIL informed that it was going

Jio Platforms Limited, essentially a

Reliance Industrial Infrastructure

Reliance Industrial Infrastructure Limited

Reliance Global Corporate Security is a

In March 2017, Reliance Industries Ltd

The East West Pipeline has been acquired

International Reﬁner of the year in 2017

Reliance demerger and

The Ambani family holds around 45% of

The division of Reliance group business

Criticism and controversies

In May 2014, ONGC moved to Delhi High

Seminar magazine (2003) detailed

Reliance issued fake shares.

2005 Criminal investigation

The Central Bureau of Investigation (CBI)

Two retired senior oﬃcials of National

A business jet owned by Reliance

Krishna Godavari (KG) Basin gas

Reliance Industries Limited (RIL) was

Petition against Reliance Jio

The CAG in its draft report alleged rigging

Future Retail deal and possession

In February 2022, Reliance terminated the

Stock manipulation and penalty

For manipulating shares of Reliance

List of companies of India