Reliance Industries Limited
Reliance Industries Limited is India's largest private sector corporation, known for its expansive operations in petrochemicals, retail, digital services, and new energy initiatives.
Company Overview
Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has a diverse range of businesses including refining, petrochemicals, retail, digital services, and more. The company is renowned for its huge impact on both the Indian and global markets, especially through its contributions in various sectors.
Refining and Petrochemicals
Reliance owns the world’s largest, integrated, single-location refining complex at Jamnagar, with a refining capacity of 1.4 million barrels of oil per day. It is the largest producer of petrochemicals in India and ranks among the top 10 globally. The company's Oil-to-Chemicals (O2C) strategy marks its innovative approach in this sector.
Digital Services and Telecommunications
Reliance Jio, the company's digital services arm, aims to transform India into a digital-first society. It has built one of the world’s most expansive 4G broadband wireless networks and launched Jio True 5G, the world’s most advanced standalone 5G service. Jio boasts 470.9 million subscribers as of Q3 FY2024.
Retail Business
Reliance Retail is India’s largest retailer with a significant omni-channel presence and a registered customer base of 293 million as of Q3 FY2024. It has over 3 million merchant partners and has been recognized as one of 'India's Best Companies to Work For' by the Great Place to Work® Institute.
Sustainability and New Energy Initiatives
Reliance is committed to achieving a net-zero carbon target by 2035. Its New Energy business focuses on hydrogen, wind, solar, fuel cells, and batteries, and includes the upcoming Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar. The company has announced a $10 billion investment in its New Energy business to bridge the green energy divide in India and globally.
Media and Entertainment
Reliance's media and entertainment business reaches more than 95% of homes in India annually, offering a vast array of content and services. Through strategic partnerships and investments, it continues to expand its presence and influence in the media industry.
Corporate Social Responsibility
The Reliance Foundation, founded in 2010, is India's largest corporate foundation and has impacted over 70 million lives. It provided over 85 million free meals during the COVID-19 pandemic and undertakes various initiatives aimed at community development, health, education, and rural transformation.
Financial Performance
Reliance has a market capitalisation of ₹15,77,093 Crore ($191.9 billion) for FY2022-23 and contributes significantly to the National Exchequer with ₹1,77,173 Crore ($21.6 billion) for FY2022-23. The company's robust financial performance underscores its pivotal role in the Indian economy.