Reliance Industries Limited (RIL) Is An Indian: Industriies Introduction

INDUSTRIIES INTRODUCTION
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company

headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in
energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is
one of the most profitable companies in India, the largest publicly traded company in India by
market capitalization,and the largest company in India as measured by revenue after recently
surpassing the government-controlled Indian Oil Corporation.On 18 October 2007, Reliance
Industries became the first Indian company to breach $100 billion market capitalization.
The company is ranked 148th on the Fortune Global 500 list of the world's biggest corporations
as of 2018.It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016.
Reliance continues to be India's largest exporter, accounting for 8% of India's total merchandise
exports with a value of Rs 147,755 crore and access to markets in 108 countries. Reliance is
responsible for almost 5% of the government of India's total revenues from customs and excise
duty. It is also the highest income tax payer in the private sector in India.
1960–1980
The company was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960's as
Reliance Commercial Corporation. In 1965, the partnership ended and Dhirubhai continued
the polyester business of the firm.[11] In 1966, Reliance Textiles Engineers Pvt. Ltd. was
incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in
Gujarat.[12] On 8 May 1973, it became Reliance Industries Limited. 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.[13] The issue was over-subscribed by
seven times.[14] In 1979, a textiles company Sidhpur Mills was amalgamated with the
company.[15] In 1980, the company expanded its polyester yarn business by setting up a Polyester
Filament Yarn Plant in Patalganga, Raigad, Maharashtra with financial and technical
collaboration with E. I. du Pont de Nemours & Co., U.S.[12]
AIMS & OBJECTIVES
 Create synergistic effect by creating high quality and diversified portfolio

 Provide diversified financial services with focused people
 Appreciate uniqueness of each customer’s requirements and serve the customers with
product flexibility
 Diversification of sources of fund
 Enhance Corporate value through sustained growth.
Mumbai: Reliance Industries Ltd (RIL) aims to be among the top 20 companies in the world and
become a leading provider of clean energy and solutions to the manufacturing sector as it enters
its golden decade, chairman Mukesh Ambani said.
Outlining five goals, Ambani said he expects the younger generation at Reliance Industries to
achieve them. Ambani said he wants RIL to become a leading global producer of innovative new
materials to revolutionize manufacturing and improve the quality of life for people in general and
Reliance Jio Infocomm Ltd to digitally transform segments including entertainment, financial
services, commerce, manufacturing, agriculture, education and healthcare.
“As we enter our golden decade, we at Reliance are in a unique position to accomplish what very
few companies in the world can even dream of. Can Reliance be among the top 20 companies in
the world? Yes, we can and yes, we will,” Ambani said at the gathering of nearly 50,000
employees and their families.
RIL ranks 203rd in terms of revenue, and 110th in terms of profit in Fortune’s Global 500 list of
the world’s largest corporations.
With consolidated revenue of Rs3.3 trillion and net profit of Rs29,901 crore for the year ended
31 March 2017, Reliance Industries is India’s largest private sector company.
Ambani began his speech by paying tribute to his father Dhirubhai Ambani and other leaders
who have contributed to the growth of Reliance. It is because of his father, Ambani said, that
Reliance had grown from one employee to over 250,000; from a Rs1,000 company to over Rs6
trillion; from one city to 28,000 cities and towns, and over 400,000 villages.
Reliance Industries’s clean energy initiative could be in collaboration with its exploration and
production partner BP Plc. This June, RIL and BP had said that the companies will expand their
existing partnership for strategic cooperation on new opportunities across India’s energy sector.
In addition to the conventional transportation and aviation fuels retailing, the companies would
collaborate on unconventional mobility solutions, addressing electrification, digitization and
disruptive mobility trends.
“Together, these collaborations will seek to address the mobility needs of urban, rural/farm,
industrial/commercial, and highway consumers in India, applying the leading capabilities of both
partners,” the companies had said on 15 June.
Reliance and BP are partners in the KG-D6 block where RIL holds a 60% stake and BP owns
30%. Canada-based Niko Resources Ltd owns the rest. The companies are also looking at
opportunities in businesses as diverse as fuel retailing and solar power.
NEEDS & IMPORTANCE
In a country like India where the increasing population is creating major issues such
as illiteracy, pollution and unemployment, the government is not capable enough to
handle situations. It is very crucial for the government to seek external help, which
cannot always suffice to the demands of the public. Many celebrities and business
tycoons have thus started propagating different causes as per their liking, in order to
help the people by different types of CSR activities. Nita Ambani, founder of
Dhirubhai Ambani International School is one such individual who leaves no stone
unturned, when it comes to helping fellow citizens.
Such organizations and foundations developed by major corporate houses is not only a
mandate by the government in today’s times, but also an initiative which they must
take, in order to give back to the society in whatever ways they can. Being a corporate
house, they have the financial, technological and managerial backing, which
otherwise would not be possible for an ordinary man with similar intentions. Such
factors have contributed the rise of a foundation known as Nita Ambani Foundation.
What the foundation aims at is to make the dreams come true of seas people who
generally belong to the defenseless sections of the society. As stated by its
management, they have goals to touch the spheres of rural transformation, education,
health, urban renewal, arts, culture and heritage. The foundation, in order to get rural
transformation has come up with Bharat-India Jodo Programme to create sustainable
livelihoods in rural India and Information Services in order to connect the knowledge
seekers with a centralized knowledge provision in areas of fisheries and livestock
breeding and agriculture as a whole.
For educational programs, the popular foundation, provides access to quality

education through a network of schools, offers Dhirubhai Ambani scholarships to the
deserving and plans to set up a world class university, as well. This way, raw talent in
the rural areas, which would not otherwise get an opportunity to study and excel with
flying colors are mentored by the non profit organisation. The Health Outreach
Program to provide primary medical care to the weaker sections of the Indian society,
menstrual hygiene program for the female population and the Drishti Program for
visually impaired people apart from a variety of research centers are the inceptions by
the foundation for general health care.
This foundation is a benchmark organisation in a country like India, where the

importance of CSR is the highest, because of the ever growing population and
corruption within the political systems. Only a handful of companies today have a
foundation or organization running actively to propagate CSR activities. If all
companies start developing such foundations and general customers and public start
judging a company by the CSR activities they carry out, India can immensely benefit
from the non profit organizations. This way, the government also gets a support system
within their system, which can be relied on for the broader public interest.
PRESENTATION OF DATA
CONCLUSION

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INDUSTRIIES INTRODUCTION

Reliance Industries Limited (RIL) is an Indian multinational conglomerate company

AIMS & OBJECTIVES

 Create synergistic effect by creating high quality and diversified portfolio

For educational programs, the popular foundation, provides access to quality

This foundation is a benchmark organisation in a country like India, where the

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