Reliance Industries Limited (RIL) is an Indian conglomerate headquartered in Mumbai, Maharashtra. It operates in five major segments: exploration and production, refining & marketing, petrochemicals, retail, and telecommunication. RIL contributes approximately 14% of India’s total export. The company was founded in 1960s and has grown to become a Fortune Global 500 company and India's largest private sector company.
Reliance Industries Limited (RIL) is an Indian conglomerate headquartered in Mumbai, Maharashtra. It operates in five major segments: exploration and production, refining & marketing, petrochemicals, retail, and telecommunication. RIL contributes approximately 14% of India’s total export. The company was founded in 1960s and has grown to become a Fortune Global 500 company and India's largest private sector company.
Reliance Industries Limited (RIL) is an Indian conglomerate headquartered in Mumbai, Maharashtra. It operates in five major segments: exploration and production, refining & marketing, petrochemicals, retail, and telecommunication. RIL contributes approximately 14% of India’s total export. The company was founded in 1960s and has grown to become a Fortune Global 500 company and India's largest private sector company.
Reliance Industries Limited (RIL) is an Indian conglomerate headquartered in Mumbai, Maharashtra. It operates in five major segments: exploration and production, refining & marketing, petrochemicals, retail, and telecommunication. RIL contributes approximately 14% of India’s total export. The company was founded in 1960s and has grown to become a Fortune Global 500 company and India's largest private sector company.
conglomerate holding Company headquartered in Mumbai, Maharashtra. The Company Operates in five major segments: exploration and production, refining & marketing,petrochemicals,retail & telecommunication. RIL contributes approximately 14% of Indias total export.
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. In 1985,the name of the company was changed from Reliance Textile Industries Ltd to Reliance Industries Ltd (RIL).
The
Reliance Empire was split between the
Ambani brothers, Mukesh Ambani getting RIL and IPCL & his younger sibling Anil Ambani heading Reliance Capital, Reliance Energy and Reliance Infocomm. The entity headed by Mukesh Ambani is referred to as the Reliance Industries Limited whereas Anil's Group has been renamed Anil Dhirubhai Ambani Group (ADAG). His daughter Nina Kothri along with her husband B H Kothari started Java green in 2004, a coffee retail chain along with Reliances Web World stores.
VISION:-To
lead the industry while generating
value to the stakeholders, be the pioneer in setting ethical standard and be everyone's investor. MISSION:-To lead the industry by providing innovative financial products and services. To be a social responsible investor by making investment only in desirable industry. Provide employees with motivating work environment, opportunities for learning and career development, competitive compensations and equal opportunities.
The
company was selected as one of the
world's 100 best managed companies for the year 2000 by Industry Week magazine. RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top 100 Chemicals Companies list in 2012. RIL was awarded the National Golden Peacock Award 2011 for its contribution in the field of corporate sustainability.
If
any company holds majority of the shares of
another company. The company who takes the shares is a parent company or holding company and the company whose shares held is a subsidiary company.
Any company who controls other company is
called holding company. In other words, if any company has any one power from following three powers, then that company will be holding company:- . If any company has 51 % shares of other company, then this company becomes holding Company of other. Or. If any company has power to appoint board of directors of other company, then this company becomes holding company of other company. Or. Main holding companies also will the holding company of all subsidiaries subsidiary companies.
Financial
statements, including the balance
sheet, the income statement and the cash flow statement, are primary financial tools for every business. They provide vital information in easy-to-understand ways and enable analysts to quickly form financial ratios to compare different numbers. However, for some businesses, financial statements are not easy to create because of different financial operation. Consolidated financial statements combine all these divisions into a single report.
In
many cases, consolidating a financial
statement within a business , with a business partner or with a spouse is a good idea. It allows you to combine your buying power to qualify for better credit or put a superior face forward in negotiations. However, consolidating the strengths of two statements also exposes the weaknesses of both.
A corporate
financial statement includes the
balance sheet, the income statement, the cash flow statement and the statement of shareholders' equity. However, since many corporations have controlling interests in other business entities, financial statements for the parent company alone can be misleading. For this reason, parent companies are legally required to prepare consolidated financial statements that include data about the financial performance of subsidiaries.
Reliance
Industries Limited is a fortune Global
500 company and is the largest private sector company in India. He has been one among the select Forbes billionaires and has also figured in the Sunday Times list of top 50 businessmen in Asia. The company was selected as one of the world's 100 best managed companies for the year 2000 by Industry Week magazine.