Taking the entrepreneurial legacy to a next level


Reliance Industry was founded by Dhirubhai Hirachand Ambani and his brother Champaklal Damani in 1960s as Reliance Commercial Corporation. In 1966, Reliance textile industry private limited was incorporated in Maharashtra. Originally it was established as a synthetic fibre mill at Naroda in Gujarat. In 1975, the company expanded its business into textiles with Vimal becoming major textile brand.  The name of the company was changed from Reliance textile industries limited to Reliance Industries Limited in 1985.

Overview

RIL is an Indian multinational conglomerate holding company. It is one of the largest private sector companies. Reliance has businesses across India and is engaged in hydrocarbon exploration and production, energy petrochemical textiles, natural resources, retail and telecommunication.

The company has more than 30 lakh shareholders and the shares have been allotted over to the number of 310 crores shares approximately whilst the Ambani family holds more than a half of total shares and the remaining shares are held by public shareholders. Under the ownership of Reliance group, RIL has more than 80 subsidiary and 10 associate companies. As per the annual reports of the company, RIL has generated Rs 6.5 trillion revenue.

Portfolio of business, product and services

The portfolio of Reliance Retail has been segregated into various popular brands:- Reliance Fresh, Reliance Footprint, Reliance Time out, Reliance Digital, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Super , Reliance Mart , Reliance I store, Reliance Home Kitchen, Reliance Market (cash and carry), Reliance Jewel. Reliance retail provides its services under supermarket, hypermarket, super store and convenience shop. Alike Reliance Retail, the Reliance group also generates a huge revenue from Reliance Life sciences and exploration & production.

Reliance that was established for textile has a manufacturing facility at Naroda. It is one of the largest and most modern textile complexes in the world. It supplies premium finished fabrics to prestigious brand and export to over 58 countries. In terms of petroleum and refining, Reliance has refinery for LPG, propylene, naphtha, gasoline, sulphur etc under various brands like R care, A1 plaza, quick Mart etc and creates a lion’s share.

 Reliance JIO Infocomm Limited (RJIL)

No one is oblivious of Jio. The first thing that comes to our mind about Jio is everything related to mobile data. The Gujarati mind did not even let the telecom sector with peace.

Jio is a broadband service provider which gained 4G licences for operating across India. Jio is capable of offering a unique combination of telecom, high-speed data, digital commerce, media and payment services. Reliance Jio has laid more than 2.5 lakh kilometres of fibre optic cables covering 18000 cities and over 1 lakh villages with the aim of captivating 100% of the nation’s population.

Recently, Jio was declared the 5th strongest brand globally. It got a BSI score of 91.7 out of 100 and elite AAA plus brand strength rating. It is also India’s largest telecom operator and third worldwide, all this in just four years.

Competitive scenario

Reliance Jio came up with the new technology 4G that was oblivious at that time. Jio made data so much cheaper that it was even impossible to think. This was the turning point, Jio distributed free SIM cards with an announcement of the decision to provide free data, free calling and free roaming and free SMS. This resulted in the increase in sale of Jio mobile phone that was only meant to be operated by Jio 4G Sims. Customer had become habitual of the data till then and the country made a new record in using the mobile data.

Jio, with the 50-minute activation program, burst the competition chart and made a space in the market. Jio speed was upgraded to 40 TB per second which was 10x faster than Airtel.

 

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Ritik

Emerging content writer