Reliance industries Ltd is not only the biggest company of India in terms of its shares and market capitalisation, but it also is a home to many employees. It is the 8th largest employer in India, with a whopping 236,000 employees working. Reliance Industries Ltd has its headquarters in Mumbai, Maharashtra, India. The current chairman and Md Mukesh Ambani comes in the top 10 richest people of the world list, which is enough to get the idea about Reliance industries Ltd. Also, check TCS Net Worth, Infosys Net Worth.
Reliance Net Worth
The total net worth of Reliance is estimated to be 220 Billion USD, which in Indian currency is approximately equal to 17.60 Lakh Crore INR., Reliance Industries Ltd has a has a very massive net worth and it’s assets count is millions or rather billions. The net income of the company is expected to be around $7.5 billion and the total assets of the company has a worth more than $220 billion. Its total equity is also expected to be around $97 billion. These figures speak a lot about the might of the company. Reliance industries Ltd has a market capitalisation of $228 billion which is huge.
Reliance Companies
Inception
Reliance Industries Ltd is currently the biggest company of India and it serves worldwide with its massive service reach and good customer support. Although, everything has its own beginning, and Reliance Industries Ltd had its own. The company was founded by Dhirubhai Ambani and Champaklal Damani in the year 1960. The company was started with the name, Reliance Commercial Corporation. In 1965, the partnership between Dhirubhai Ambani and Champaklal Damani ended. Dhirubhai continued with the polyester business in the company. In 1966, he started Reliance textiles Engineers Pvt Ltd in Mumbai, Maharashtra. This was the beginning of something very big.
In 1977, the company became a publically listed company, with its initial public offering (IPO). In 1985, the companies name was changed to Reliance Industries Ltd. The company expanded its production of polyester yarn by two three folds till 1992. Reliance Petroleum also came into existence with the Hazira Petrochemical plant was commissioned in 1992. This made the company stakes rise exponentially.
Evolution
With Reliance entering into the petrochemical and various other departments, its stakes and shares was rising significantly. Reliance industries Ltd, was becoming one of the biggest companies of India. 1995 Reliance Telecom came into existence. In 1998, Reliance Gas was introduced, which started producing packed 15kg LPG cylinders for household uses.
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Slowly but steadily, Reliance was entering into all sorts of things. 1998-2000 came as a surprise and a very successful year for Reliance Industries Ltd. The construction of world’s largest refineries in Jamnagar, Gujarat was started. It was like a dream come true for many employees and the companies heads.
Reliance kept it’s pace high without any signs of slowing down. With the addition of different refineries and implantation of different chemical plants and factories was proving to be quite effective for the company.
In 2001, Reliance industries and Reliance Petroleum was merged to be one, Reliance industries Ltd. It became the biggest companies of India by that time with the highest market capitalisation.
Awards and Achievements
For a company as big as the Reliance industries Ltd, awards and accolades is just a small thing. RIL has bagged many awards and accolades for its phenomenal refineries and it’s extensive reach. Reliance industries Ltd was awarded the International Refiner of the year 2017, at the global refining and petrochemicals congress 2017. It has also won many other awards, which will we quite lengthy to discuss.
Conclusion
Now, as for the conclusion, we can say they Reliance Industries Ltd (RIL) is simply the most successful and profitable company of India. Its presence can be felt in the whole world, as the company is a multinational one. Its reach is quite huge. The company works with various other countries is well, especially because of its excellent refining skills and experience.
A company founded by Dhirubhai Ambani and Champaklal Damani, which is nowadays counted as one of the biggest companies of the world is quite emotional. Though most of the credit goes to Mukesh Ambani who has made this company that big. He is an exceptional person with a brilliant mind. The company has a very bright future up ahead and one day it will be the biggest company of the world.
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