Reliance Industries
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| Reliance Industries | |
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| Type | Public (NSE: RELIANCE) |
| Founded | 1966 As Reliance Commercial Corporation |
| Headquarters |  Mumbai, India |
| Key people |  Mukesh Ambani, Chairman & Managing Director |
| Industry | Oil Conglomerates |
| Products | Petroleum and Petroleum Products Retail Stores Polymers Polyesters Chemicals Textile |
| Revenue |  $28 billion (2007) |
| Employees | ~ 100,000 (2007) |
| Website | www.ril.com |
Reliance Industries Limited (NSE: RELIANCE) is India's largest private sector conglomerate with an annual turnover of US$ 28 billion and profit of US$ 2.033 billion for the fiscal year ending in March 2006 making it one of India's private sector Fortune 500 companies. [1] It was founded by the legendary Indian industrialist late Dhirubhai Ambani in 1966.
Though the company's oil-related operations forms the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh and Anil Ambani, the group was divided between them in 2006.
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[edit] Stock
- According to the company website "1 out of every 4 investors in India is a Reliance shareholder." See:[2]. Reliance has more than 3 million shareholders, making it one of the world's most widely held stock. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow. Reliance companies have been among the best performing in the Indian stock market.
[edit] Products
Reliance Industries Limited has a wide range of products from petroleum products, petrochemicals, to garments (under the brand name of Vimal), Reliance Retailing has also lately entered into the fresh foods market as Reliance Fresh Under Reliance retail the company has also luanched a new venture by the name "DELIGHT". Also signed up an LOT(Letter Of Intent) with Calgary-based NOVA Chemicals for making energy effecient strucutures for Reliance Retails
[edit] Management
It is headed by Dhirubhai's son, Chairman Mukesh Ambani.
[edit] Subsidiaries
Major Subsidiaries & Associates [2]
- Reliance Petroleum Limited* Ranger Farms Limited
- Retail Concepts and Services (India) Private Limited
- Reliance Retail
- Reliance Global Management Services (P) Limited
[edit] Corporate rankings
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- It featured in the Fortune Global 500 list of ‘World's Largest Corporations' for the fourth consecutive year
- Ranked 269th in 2007 having moved up 73 places from last year.
- Featured as one of the world's Top 200 companies in terms of Profits.
- Featured among top 50 companies with the biggest increase in Revenues.
- Their maiden CSR (2004-05) report was the first Corporate Sustainability Report from the Indian Oil & Gas sector. Further, this report obtained “in-accordance” 2002- guidelines status from the Global Reporting Initiative (GRI) - the official collaborating centre of the United Nations Environment Programme (UNEP)
- RIL emerged as the second largest private sector company from India to feature in the 2007 Fortune Global 500 list (at rank 269) of the world's largest corporations [3].
- RIL was featured on the Forbes Global 2000 list for 2005 at position 298 [4].
- RIL was the only Indian private sector company to be listed in the Top-500 companies in the world in terms of market value in Business Week's The Global 1000 List, July 2004.
- Reliance emerged in top positions in Business Barons - TNS Mode Opinion Poll in August 2004
[edit] Reliance Retail
Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh, Reliance Footprint, Reliance Time out, Reliance digital, Reliance Wellness and Reliance Jewel come under the Reliance Retail brand. In November 2007, Reliance announced its foray into branded jewelery market.
[edit] Environmental Record
In 2005 Reliance Industries was found to be one of the top 5 consumers of toluene in the world. These five companies account for 30% of the total consumption. Toluene produces a toxic chemical that is released into the air when it is burned. Under the 1990 Clean Air Act Amendments (CAAA), the U.S. EPA is required to regulate emissions of listed toxic air pollutants. Toluene has begun to have cleaner replacements made for it to be consumed. [5]
Reliance Industry is the worlds largest polyester producer and as a result, the biggest producer of polyester waste. In order to deal with this large amount of waste they had to create a way to recycle the waste. They operate the largest polyester recycling center that uses the polyester waste as a filling and stuffing. They use this process to develop a strong recycling process which won them a reward in the Team Excellence competition. [6]
Reliance Industries backed a conference on environmental awareness in New Delhi in 2006. The conference was run by the Asia Pacific Jurist Association (APJA)in partnership with the Ministry of Environment & Forests, Govt. of India and the Maharashtra Pollution Control Board. The conference was to help bring about new ideas and articles on various aspects of environmental protection in the region. Maharashtra Pollution Control Board invited various industries complied with the pollution control norms to take active part in the conference and to support as a sponsor. The conference proved effective as a way to promote environmental concern in the area. [7]
[edit] Awards
- International Refiner of the Year in 2005 at the 23rd Annual Hart's World Refining and Fuels Conference [3]
[edit] Awards for managers
- Mukesh D. Ambani received the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington in July 2007.
- Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia Society, Washington, USA, May 2004.
- Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.
- Mukesh D. Ambani was chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.
- Mukesh D. Ambani is Economic Times Business Leader of the Year
[edit] See also
[edit] Pictures
 Reliance Mart in Jamnagar, Gujarat |
[edit] External links
- [4] Official site
- Reliance Latest Announcements
- Reliance Insider All information about Ambani family and latest news on Reliance
- Reliance M CAP Crosses 100 Billion USD
- Reliance's About us page
- Website For Reliance Retail Learning
- Reliance retail gets ‘A’ team in place
- RIL cuts petrol and diesel prices on back of falling international crude prices Overwhelming response to RIL's scheme for dealers
- Speech by Mr. Mukesh Ambani on Deshgujarat.com
- Mukesh Ambani Chairman of Reliance Industries.
- An article on Reliance Industries new headquarters
- Reliance M CAP Crosses 100 Billion USD
[edit] References
- ^ [1]
- ^ Major Subsidiaries & Associates :: Reliance Industries Limited
- ^ FORTUNE Global 500 2007: Countries - India
- ^ The Forbes 2000 - Forbes.com
- ^ "Toluene"
- ^ "Reliance Industries award
- ^ "Conference on “Environment-Awareness-Enforcement” New Delhi."
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