PREFACE

The research provides an opportunity to demonstrate application of his knowledge, skill and competencies required during the technical session. Research also helps the student to devote his skills to analyze the problem to suggest alternative solution, to evaluate them and to provide feasible recommendations on the provided data.

The research is on topic of COMPARISION

IN BETWEEN DIRCET VERTICAL AND INDIRECT VERTICAL AT RELIANCE SECURITIES

ACKNOWLEDGEMENT
I want to express my grateful thanks and sincere gratitude to all those who gave me valuable advice and input for my study.

I am thankful to MR AMIT NAGARIYA for his kind guidance and suggestions. Last but not least, I would also like to express mt thanks to my family members who inspired me to put in my best efforts for the research/project report.

SRASHTI JAIN MBA 2ND SEMESTER

DECLARATION
I, SRASHTI JAIN student of M.B.A. hereby declare that the project report entitled COMPARISION

IN BETWEEN DIRCET VERTICAL AND INDIRECT VERTICAL AT RELIANCE SECURITIES, is the outcome of my own work and
the same has not been submitted to any university/institute for the award degree or any professional diploma

SRASHTI JAIN MBA 2ND SEMESTER

RELIANCE GROUP
The reliance group, founded by Dhirubhai H. Ambani (1932-2002), is Indias largest private sector enterprise, with businesses in the energy and materials value chain. Groups annual revenues are the excess of US$ 58 bollion . the flagship company, reliance industries Limited, is a fortune Global 500 company and is the largest private sector company in indea. Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies reliance pursued a strategy of backward vertical integration in polyester, fiber intermediates, plastic ,petrochemicals, petroleum refining and oil and gas exploration and production-to be fully integrated along the materials and energy value chain. The Groups activities span exploration and production of oil and gas , petroleum refining and marketing, petrochemicals(polyester, fiber intermediates, plastics and chemicals), textiles,retail,infotel and special economic zones. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fiber producer in the world and among the top five to ten producers in the world in major petrochemical products. Major Group are Reliance Industries Limited, including its subsidiaries and Reliance Industrial Infrastructure Limited.

Reliance Industries Limited (RIL) (BSE: 500325, NSE:RELIANCE, LSE:RIGD) Is the largest private sector conglomerate company headquarter at Mumbai,Ondia. The company is largest by annual turnover of US$58.5 billion and marke capitalization of US$78.2 billion for the fiscal year ending in March 2011 making it one of the largest Indias private sector companies ,being ranked at 264th position in the Fortune Global 500 (2009) and at the position in the Forbes Global 2000 list (2010) Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966. Ambani has been a introducing financial instruments like fully convertible dedentures to the Indian stock markets. Ambani was one of the first entrepreneurs to draw retail investore to the stock markets. Critics allege that the rise of Reliance industries to the top slot in market capitalization is largely due to Dhirubhais ability to manipulate the levers of a controlled economy to his advantage. Though the companys petrochenicals, refining, and oil and gas-related operations form the core of its business, however, other segment of the company includes textile, retail business, telecommunications and special economic zone (SEZ) development. After severe differences between the founders two sons, Mukesh Ambani and Anil Ambani , the group was divided them between them 2006. In September 2008, Reliance industries was the only Indian firm featured in the forbess list of worlds 100 most respected companies. In 2010, it stood at 13th position in the plats Top 250 Global Energy Rankings.

Stock
According to the company website I out of every 4 investors in India is a Reliance shareholder. Reliance has more than 3 million shareholders, making it one of the worlds most widely held stocks. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow. Reliance companies have been among the best performing in the Indian stock market. The alleged irregularities by RIL in yhe KG-D6 gas controversy , along with the observation in the CAG draft Report severely impacted RILs shares. Until 23rd of june 2011, the stock had fallen 10.5% since the report was leaked in the week beginning 13th of june 2011-it fell in seven out of eight trading session, making RIL the worst performer among Sensex stocks, Bloomberg data showed.

Products
Reliance industries Limited has a wide range of producls form petroleum products , petrochemicals, to garments (under the brand name of Vimal), reliance retail has entered into the fresh foods market as Reliance fresh and launched a non-veg chain Delight Reliance Retail and NOVA chemicals have signed a letter of intent to make energy-efficient structures.

Businesses Major subsidiaries and associates

Reliance Life sciences is a research-driven, biotechnology-lrd, life sciences organization that participates in medical, plant and industrial biotechnology opportunities. Specifically, these relate to Biopharmaceuticals, Pharmaaceuticals, Clinical Research Services, regenerative Medicine,Molecular Medicine, Novel Therapeutics, biofuels, plant Biotechology and industrial biotechnology.

Reliance Industrial Infrastructure Limited (RIIL) is engaged is the business of setting up operating Industrial Infrastructure that also involves leasing and providing services connected with computer software and data processing. Reliance Institute of Life Science (Rils), established by Dhirubhai Ambani Foundation, is an institutions of higher education in various fields of life science and related technologies. Reliance Logistics (P) Limited is a single window solutions provider for transportation, distribution, warehouse, logistics, and supply chain needs, supported by in house state of art telematics and telemetry solutions. Reliance Clinical Research Services (RCSR), a contract research organization (CRO) and wholly owned subsidiary of Reliance Life Science, has been set up to provde clinical research services to pharmaceutical , biotechnology and medical device companies. Reliance Solar, The solar initiative of Reliance aims to bring solar energy systems and solutions primarly to remote and rural areas and brings about a transformation in the quality of life. Relicord is the first and one of the most dependable stem-cell banking services of south East Asia offered by Mukesh Ambani controlled by Reliance Industies. Infotel Broadband is a broadband services provider . it is wholly owned by RIL for Rs. 4,800 crore (US$1.O7 BILLION).