Reliance Industries Limited, the second largest conglomerate in India by market capitalization, is chaired by Mukesh Ambani since 2002.
Reliance Industries Limited (RIL) has its presence in refining, exploring oil & gas, retail and media & entertainment. Reliance Industries is the first Indian company to register in Fortune 500 list of ‘World’s Largest Corporations’ and currently ranked at 114 in terms of revenue.
RIL operates one of the largest crude processing refineries in the world with a capacity of 1.24 MMBPD. Reliance Industries has offshore and onshore gas exploration units in India and shale gas exploration unit in United States. The retail business has a sustained growth with a compounded annual growth rate of 31% in the last five years. Reliance has 2621 retail stores across 200 cities with 930 stores coming up during this year, increasing its presence across the country. The retail stores sells grocery, apparel and digital products with affordable pricing. Reliance Industries has a futuristic vision by investing over one lakh crore rupees in creating engines for the future, which is considered as the highest ever investment in the history of the company. Reliance Jio Infocomm has an ambition to provide highly reliable 4G network internet services through rich communication and digital services. It has growing its physical infrastructure to serve the purpose.
The financials of Reliance Industries is showing a drop in the last two year due to steep decline in oil prices, which contributes majorly to its group revenue. Reliance Industries records its highest ever consolidated profit during the previous financial year. Reliance Industries has been leveraging its
resources to pursue its strategy to grow and contribute to society.