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Report On
“Analysis of Leadership and Change Management:
Reliance Industries Limited”
Tri-Sem:2
Masters In Business Administration
Prepared by
Vishva Kharva – 23MBA01011
Pearl Mojidra – 23MBA01017
Harshita Ranpura -23MBA01040
Under The Guidance of
Proff. Rajesh Khajuriya

School Of Management
Vigyan Bhavan, P.O. Fertilizer Nagar,
Vadodara-391750,
Gujarat, India.
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 CHAIRMEN AND MD : MUKESH AMBANI

 BOARD OF DIRECTOR OF RELIANCE INDUSTRIES:

 BACKGROUND:
Born – 19th April,1957 (Age-66)
Nationality – Indian
Spouse – Nita Ambani
Children – 3
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Parents – Father: Dhirubhai Ambani

Mother: Kokila Ambani
Reatives - Brother: Anil Ambani
Sisters: Nina Bhadrashyam Kothari
Dipti Dttraj Salgaonkar
Background --Richest INDIAN in the WORLD.
Owns India's Biggest Company by Market Value
Ranked 4th Richest Person overall on Forbes List
An MBA Drop-out from Stanford University

 HISTORY OF RELIANCE ( BACKROUND) :

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 made an initial public offer (IPO) in 1977. T
he issue was over-subscribed 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. During the years 1985 to 1992, the
company expanded its installed capacity for producing polyster yarn by over 145,000
tonnes per annum. The Hazira petrochemical plant was commissioned in 1991-92.
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 ra
tingagencies. S&P rated BB+, stable outlook, constrained by the sovereign ceiling.
Moody's ratedBaa3, Investment grade, constrained by the sovereign ceiling. In the
year 1995-96, the company entered the telecom industry through a joint venture with
NYNEX, USA and promoted Reliance Telecom Private Limited in India. In 1998-99,
RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas.
During 1998-2000, the company completed setup of integrated petrochemical
complex at Jamnagar in Gujarat.

2001 – 2013
In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became
India's two largest companies in terms of all major financial parameters. In 2001-02,
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Reliance Petroleum was merged with Reliance Industries. In 2002,

Reliance announced India's biggest gas discovery (atthe 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 2002-03, RIL purchased a majority stake in Indian P
etrochemicalsCorporation 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 India 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 across57 cities in India. 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.

Current Time Update

Nowadays the Reliance Industry is managed by Mukesh Ambani.
(whom we have selected as a leader and will know about his leadership by our report.)

 AWARDS AND HONOURS RECEIVED BY RELIANCE :

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 EDUCATION OF MUKESH AMBANI:

- Schooling from Hill Grange High School.
- Received BE degree in Chemical Engineering from the University of Mumbai.
- Enrolled for an MBA from Stanford University but dropped out to help his
father build Reliance, which at the time still a small but rapidly growing
enterprise.

 SKILLS OF MUKESH AMBANI:

 Visionary Leadership:
Ambani has a long-term vision for his company and the industries it operates
in, driving innovation and growth.
 Strategic Thinking:
He has a knack for identifying emerging trends and strategically positioning
Reliance to capitalize on them, such as the digital revolution with Jio.
 Risk-taking:
Ambani is known for taking bold risks, such as massive investments in new
ventures like Jio, which have often paid off handsomely.
 Adaptability:
He has shown the ability to adapt to changing market conditions and
technological advancements, ensuring Reliance stays ahead of the curve.
 Empowering Others:
Ambani delegates authority effectively, empowering his team to make
decisions and contribute to the company's success.
 Customer Focus:
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He prioritizes understanding and meeting customer needs, as evidenced by Jio's

customer-centric approach and rapid market penetration.
 Resilience:
Ambani has weathered numerous challenges throughout his career, displaying
resilience and determination in overcoming obstacles.
 Social Responsibility:
He emphasizes corporate social responsibility, investing in initiatives that
benefit society and the environment.

 Chairman / MD / Board of Director's Qualities:

1. Visionary Leadership:
Mukesh Ambani, as the Chairman and Managing Director of RIL,
epitomizes visionary leadership. His strategic vision has propelled the company
to new heights, driving innovation, and expansion across diverse sectors.

2. Educational Background:
Ambani holds a Bachelor's degree in Chemical Engineering from
the University of Mumbai and an MBA from Stanford University. His
educational background equips him with a strong foundation in both technical
and managerial disciplines, enabling informed decision-making and strategic
planning.

3. Strategic Acumen:
Ambani's strategic acumen is evident in RIL's ambitious
initiatives, such as the launch of Jio Platforms, the acquisition of global assets,
and the expansion into digital services. His ability to anticipate market trends
and capitalize on emerging opportunities has been instrumental in RIL's growth
trajectory.

4. Managerial Abilities:
With decades of experience in leading RIL's operations, Ambani
demonstrates exceptional managerial abilities. He fosters a culture of
excellence and accountability, driving performance and innovation across the
organization while ensuring operational efficiency and risk management.

5. Mission and Values:

Ambani's leadership is guided by RIL's mission to "strive towards
building a sustainable future for all stakeholders." His commitment to
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corporate social responsibility and ethical business practices underscores RIL's

values, fostering trust and credibility among stakeholders.

 MANAGERIAL ABILITIES:
Mukesh Ambani's managerial abilities contribute significantly to
Reliance Industries' sustained growth and success in diverse industries.
1. Ethics in business:
Mukesh Ambani believes that Business ethics provides contemporary
organizational standards, principles, sets of values and norms that gave the
actions and behaviour of an individual in the business organization.

2. Power of idea is bigger than the financial resources:

"As long as you've got your courage of conviction, it works for you. I
think that the same applies, too, even where you don't, because in today's
world, financial resources are the least important. World has moved to the
power of ideas." Mukesh Ambani believe that the power of idea and innovation
is much bigger than the power of financial resources.

3. Believe in your employees and treat them right:

“At Reliance, we have always believed in investing in the businesses
of the future and in investing in talent." said by Mukesh Ambani in one of his
interview

4. Doing social good:

“One cannot try to understand CSR in isolation. CSR is often
seen as charity. And this narrow definition springs from western theories that
believe in more privileged giving certain portion of their wealth to the less
privileged. However, Indian values teaches not only charity but enrichment of
others," Ambani said at the Col Mushran Memorial Lecture in New Delhi.

"Business should be evaluated on the basis of social returns and

not only financial returns. For me, purpose of business is growth and welfare of
the nation at large by creating more jobs and wealth. Every Indian deserves to
lead to a better life," said Ambani
"We now have to see business in vital context. Business will not
have to act only for shareholders. But it will also have to care for the society. In
today's context it is important to get business of business right," said Ambani.
He stressed for the need of creating unique CSR models design with keeping in
mind the tradition of India.

 VISION & MISSION:

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Vision:
To become a globally competitive enterprise, driven by the, market,
creating and maintaining a lead over competition through quality products and
establishing itself to be the preferred supplier of its customers.
Mission:
To work constantly to encourage employees to develop professional
competency and to accept social responsibility through the company's safety,
environmental, productivity and quality efforts.
 STRATEGIES AS A LEADER:
- Diversification:
Ambani diversifies Reliance's portfolio across multiple sectors to reduce risk
and capture growth opportunities.
- Technological Innovation:
He prioritizes innovation to stay ahead, evident in Reliance's breakthroughs in
telecommunications, digital services, and emerging technologies.
- Global Expansion:
Ambani expands Reliance's presence internationally through strategic
partnerships and investments to access new markets.
- Customer-Centric Approach:
Reliance focuses on meeting customer needs and delivering superior
experiences across its diverse businesses.
- Sustainable Growth:
Ambani integrates environmental, social, and governance considerations into
business strategies to drive long-term value creation.
- Collaboration:
He fosters collaborations with industry players, governments, and academia to
drive innovation and address complex challenges.
- Talent Development:
Ambani invests in nurturing talent and leadership within Reliance to sustain
organizational growth and competitiveness.

 HOW LEADER’S QUALITIES CONTRIBUTE TO SUCCESS OF A

COMPANY / ORGANIZATION:

1. Strategic Direction:
Ambani's visionary leadership provides RIL with a clear
strategic direction, aligning business objectives with long-term goals and
market opportunities. His ability to articulate and execute a compelling
vision inspires confidence among employees, investors, and partners.

2. Innovation and Adaptability:

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Ambani's emphasis on innovation and adaptability enables RIL

to stay ahead of the curve in rapidly evolving industries. His investment in
cutting-edge technologies and disruptive business models, particularly in
the telecommunications and digital sectors, has positioned RIL as a market
leader and innovator.

3. Stakeholder Engagement:
Ambani fosters strong relationships with stakeholders by
prioritizing open communication, transparency, and collaboration. His
inclusive leadership style promotes employee engagement, customer
satisfaction, and investor trust, strengthening RIL's reputation and brand
equity.

4. Risk Management:
Ambani's strategic risk management approach mitigates
potential threats and challenges, ensuring resilience and sustainability in
RIL's operations. His proactive stance towards regulatory compliance,
geopolitical risks, and market volatility enables the company to navigate
uncertainties effectively.

 Financial Performance Analysis (2019-2023):

1.Revenue Growth:
Reliance Industries Limited (RIL) has witnessed impressive revenue
growth over the past five years, with a compound annual growth rate (CAGR) of
138.64%. This growth can be attributed to the company's diverse revenue streams,
including petrochemicals, refining, retail, and telecommunications.
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2. Profitability Margins:
RIL has consistently maintained healthy profitability margins, with
an average operating margin of 10.59% and net profit margin of 8.04% during the
period under review. Efficient cost management practices and optimization of
operational efficiencies have contributed to these strong margins despite fluctuations
in commodity prices and market dynamics.

3. Debt Management:
Despite significant capital expenditures in expanding its operations
and launching new ventures such as Jio Platforms, RIL has demonstrated prudent debt
management. The company has maintained a manageable debt-to-equity ratio,
ensuring a sustainable capital structure and minimizing financial risks.
4.Stock Performance:
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RIL's stock performance has been robust, outperforming market

benchmarks and delivering attractive returns to shareholders. The company's market
capitalization has steadily increased, reflecting investor confidence in its growth
prospects and strategic initiatives.

 KEY TAKEAWAYS:

- Think 'out of the Box'.

- Empower ordinary people to do extraordinary things.

- Investment in excellence is investment in the future.

- Unlike money, time lost can never be regained.

- Look for opportunity in every adversity.