Reliance Industries Limited
 |
|
| Public | |
| Traded as | : , : RELIANCE, : BSE SENSEX Constituent CNX Nifty Constituent |
| Industry | Conglomerate |
| Predecessor | Reliance Commercial Corporation |
| Founded | 1966 |
| Founder | Dhirubhai Ambani |
| Headquarters | Mumbai, Maharashtra, India |
|
Area served
|
Worldwide |
|
Key people
|
Mukesh Ambani (Chairman and MD) |
| Products |
Petroleum Natural gas Petrochemicals Textiles Retail Telecommunications Media |
| Services | Security services |
| Revenue |
 ₹2,960 billion (US$44 billion) (2016) |
|
₹359 billion (US$5.3 billion) (2016) |
|
| Profit |
₹276 billion (US$4.1 billion) (2016) |
| Total assets |
₹6,062 billion (US$90 billion) (2016) |
|
Number of employees
|
24,930 (2016) |
| Website | www |
Reliance Industries Limited (RIL) is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is the third most profitable company in India, the second-largest publicly traded company in India by market capitalization, and the second largest company in India as measured by revenue after the government-controlled Indian Oil Corporation. The company is ranked 215th on the Fortune Global 500 list of the world's biggest corporations as of 2016. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016.
The company was co-founded by Dhirubhai Ambani and his brother Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1965, the partnership ended and Dhirubhai continued the polyester business of the firm. In 1966, Reliance Textiles Industries Pvt Ltd was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company held its Initial public offering (IPO) in 1977. The issue was over-subscribed by seven times. In 1979, a textiles company Sidhpur Mills was amalgamated with the company. In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S.
In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. During the years 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum.
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