|Sep 22, 2017|
|Sep 22, 2017|
Currency in INR
|Full time employees:||24,167|
Reliance Industries Ltd. engages in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. It operates through the following segments: Petrochemicals, Refining, Oil and Gas, Organized Retail, and Others. The Refining segment includes production and marketing operations of the petroleum products. The Petrochemicals segment includes production and marketing operations of petrochemical products, including high and low density polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, polyester yarn, polyester fibre, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, caustic soda, and polyethylene terephthalate. The Oil and Gas segment includes exploration, development and production of crude oil and natural gas. The organized retail segment includes organized retail businesses. The Others segment comprises of textile, Special Economic Zone development, telecom and broadband, and media businesses. The company was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.
Reliance Industries is the largest private-sector company in India. It is involved in the oil refining, petrochemical, gas, retail and textile businesses and boasts consolidated sales of more than $60 billion. It is a core unit of Reliance Group, which ranks alongside Tata and Birla among the country's major conglomerates.
Reliance Group was founded by Dhirubhai Ambani, who went into business in the 1950s. The company expanded into textiles in the 1960s and entered the petrochemical sector in the 1980s, amassing a fortune for Ambani.
After Ambani died in 2002, his sons Mukesh, the eldest, and Anil had a row over corporate policy. The group was divided in 2005 as Mukesh took over the petrochemical and textile operations while Anil took charge of the financial and telecommunications segments. Mukesh leads Reliance Industries as chairman and expanded its operations by pushing into retail and telecommunications services.
The Ambani family's roots lie in India's western state of Gujarat. After Narendra Modi, who served as chief minister of Gujarat for a long period, took power as the country's prime minister in May 2014, Mukesh quickly pledged 1.8 trillion rupees worth of capital investment over three years.
Mukesh, his family and group companies own nearly 40% in Reliance Industries. The chairman holds an MBA from Stanford University in the U.S. and is one of India's wealthiest individuals.
In the news
ICICI Bank, Reliance Industries pace the declines
September 22, 2017 9:41 pm JST
ICICI Bank, HDFC Bank decline while drug makers Dr.Reddy's, Cipla gain
September 21, 2017 9:43 pm JST
Reliance Industries, Tata Steel gain in range-bound market
September 20, 2017 9:24 pm JST
September 20, 2017 8:33 pm JST
China Unicom Hong Kong, Tata Steel, CIMB among big movers
September 20, 2017 8:32 pm JST
Regulator's move may renew price war, Bharti Airtel's revenue to take a hit
September 20, 2017 8:11 pm JST
HDFC, Reliance lead the losses while Tata Motors jumps
September 19, 2017 9:25 pm JST
- Local currency
- US Dollar
|Income before tax||401,420M|
|Dividends per share||5.5|
|Operating cash flow||380,850M|
Currency in INR
|Income before tax||5,986.24M|
|Dividends per share||0.08|
|Operating cash flow||5,679.49M|
Currency in USD
- Chairman & Managing Director: Mukesh Dhirubhai Ambani
- Chief Operating Officer: Vipul Shah
- Joint Chief Financial Officer: Srikanth Venkatachari
- Chief Financial Officer: Alok Agarwal
- Group Secretary & Chief Compliance Officer: K. Sethuraman
- DEVARSHI COMMERCIALS LLP(22.4%)
- SRICHAKRA COMMERCIALS LLP(10.8%)
- Life Insurance Corp. of India(8.0%)
- KARUNA COMMERCIALS LLP(8.0%)
- Reliance Industries Ltd.(7.9%)
- Petroleum Trust(7.6%)
- TATTVAM ENTERPRISES LLP(6.8%)
- Capital Research & Management Co. (World Investors)(4.2%)
- The Vanguard Group, Inc.(1.8%)
- BlackRock Fund Advisors(1.2%)
- Website: http://www.ril.com
- Address: Maker Chambers-IV, 222, Nariman Point, Mumbai, 400021, India
- Phone: +91.22.22785000
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.