Reliance Industries
Indian multinational conglomerate / From Wikipedia, the free encyclopedia
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Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation[4] and revenue,[5] and the 100th largest company worldwide.[6] It is India's largest private tax payer[7] and largest exporter, accounting for 7% of India's total merchandise exports.[8] The company has relatively little free cash flow and high corporate debt.[9][10]
Formerly | Reliance Commercial Corporation (1958–1966) Reliance Textiles and Engineers (1966–1973) Reliance Industries Limited (1973–present)[1] |
---|---|
Company type | Public |
ISIN | INE002A01018 |
Industry | Conglomerate |
Founded | 1958 (66 years ago) (1958)[1] |
Founder | Dhirubhai Ambani |
Headquarters | , India |
Area served | Worldwide |
Key people | Mukesh Ambani (Chairman & Managing Director) |
Products | |
Revenue | ₹1,016,179 crore (US$130 billion)[2] (2024) |
₹104,727 crore (US$13 billion)[2] (2024) | |
₹79,020 crore (US$9.9 billion)[2] (2024) | |
Total assets | ₹1,755,986 crore (US$220 billion)[2] (2024) |
Total equity | ₹925,788 crore (US$120 billion)[2] (2024) |
Owner |
|
Number of employees | 389,414 (2023)[2] |
Subsidiaries | |
Website | www |
The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.[11][12][13][14][15] Its chairman, Mukesh Ambani, has been described as a plutocrat.[16]