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The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world by Forbes magazine. The ranking is based on a mix of four metrics: sales, profit, assets and market value. This time Reliance is the top ranked Indian firm on the list. Billionaire Mukesh Ambani’s Reliance Industries Ltd climbed two places to 53rd position on Forbes’ latest Global 2000 list of public companies world wide. Earlier this year, Forbes estimated Ambani’s net worth to be USD 90.7 billion, landing him at No. 10 on this year’s billionaires list. Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has various businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is one of the most profitable companies in India ,the largest publicly traded company in India by market, the largest company in India as measured by revenue .It is also the10th largest employer in India with over 236,000 employees. Reliance industry has a market capitalisation of US$243 billion as of March 31, 2022.
Reliance Industry Evolution
In 1960, the Reliance company was co-founded by Dhirubhai Ambani and Champaklal Damani as Reliance Commercial Corporation. Earlier they started business in import and export license for nylon, rayon and polyester. Their partnership were not lasted for long period .They ended their partnership in the year 1966 Later Dhirubhai continued his business firm and incorporate Reliance Textiles Engineers Pvt. Ltd in Maharashtra in 1966. In 1973, it became Reliance Industries Limited. . In 1975, the company expanded its business into textiles, with “Vimal” becoming its major brand in later years. In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra .In 1985, the name of the company was again changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd .In 1993, Reliance turned to the overseas capital markets for funds through a global depository issue of Reliance Petroleum.During 1995/96 time span Reliance company entered into telecom industry through a joint venture with NYNEX, USA and promoted Reliance Telecom Private Limited in India. Later in 1998/99 time period it entered into Gas and Petroleum field and introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas .From 2001 onwards, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India’s two largest companies in terms of all major financial parameters.
In 2002/03, RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd. (IPCL), India’s second largest petrochemicals company, from the government of India. In 2005 and 2006, the company re organised its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities. In 2006, Reliance entered into retail store market and form a brand named Reliance Fresh .In 2010, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only success full highest bidder for pan-India fourth-generation (4G) spectrum which was held by the government of India .In 2017, RIL set up a combined venture with Russian Company Sibur for setting up Butyl rubber plant in Jamnagar, Gujarat. Later In 2019, Reliance introduced Fynd primarily for its consumer businesses and mobile phone services in the e-commerce space.
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What kind of Company is Reliance?
Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has various businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.
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Reliance Industries Employees
As per the research there are a total of more than 2 lakhs employees are working under various firms of Reliance industry of which 1,521 were women and 70 were employees with disabilities .Although the employee strength can be increased year by year on the basis of vaccancies.
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Reliance Industry Shareholders
Top 10 Owners of Reliance Global Group Inc
| Stockholder | Stake | Shares owned |
Total value ($) | Shares bought / sold |
Total change |
|---|---|---|---|---|---|
| Hudson Bay Capital Management LP | 11.78% | 1,335,446 | 3,725,894 | +1,335,446 | — |
| The Vanguard Group, Inc. | 2.68% | 303,279 | 846,148 | -30,246 | -9.07% |
| BlackRock Fund Advisors | 1.39% | 157,459 | 439,311 | +156,906 | +28,373.60% |
| Geode Capital Management LLC | 0.76% | 85,935 | 239,759 | +20,754 | +31.84% |
| Jane Street Capital LLC | 0.42% | 47,753 | 133,231 | +47,753 | — |
| SSGA Funds Management, Inc. | 0.26% | 29,894 | 83,404 | +29,894 | — |
| Square point OPS LLC | 0.19% | 21,400 | 59,706 | +21,400 | — |
| Dimensional Fund Advisors LP | 0.15% | 17,371 | 48,465 | +17,371 | — |
| Northern Trust Investments, Inc. | 0.15% | 17,158 | 47,871 | -1,596 | -8.51% |
| G1 Execution Services LLC | 0.10% | 11,106 | 30,986 | +11,106 | — |
Top Mutual Funds Holders Reliance Global Group Inc
| Mutual fund | Stake | Shares owned |
Total value ($) | Shares bought / sold |
Total change |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index… | 1.45% | 164,142 | 457,956 | -46,742 | -22.16% |
| Vanguard Extended Market Index Fu… | 1.23% | 139,137 | 388,192 | 0 | 0.00% |
| Fidelity Extended Market Index Fu… | 0.49% | 56,014 | 156,279 | +12,587 | +28.98% |
| Fidelity Total Market Index Fund | 0.13% | 14,320 | 39,953 | 0 | 0.00% |
| Fidelity Series Total Market | 0.07% | 7,434 | 20,741 | 0 | 0.00% |
| Dimensional U.S. Small Cap ETF | 0.03% | 3,150 | 8,789 | 0 | 0.00% |
| Vanguard Invt. Fds. ICVC – US | 0.03% | 3,219 | 8,981 | 0 | 0.00% |
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Reliance Net Worth
Reliance industries Ltd is not only the biggest company of India in terms of its shares and market capitalisation, but it is also a home to many employees. 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 .The company earned a net profit of Rs 60,705 crore from revenue amounting to Rs 7.92 lakh crore, or $102 billion. Reliance Industries Limited the first Indian company to earn a revenue of over $100 billion (about Rs 7.69 lakh crore) in a year. The total net worth of Reliance is estimated to be 233 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 $233 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 capitalization of $228 billion which is huge.
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Awards and Recognition
- Reliance Industries Ltd climbed two places to 53rd position on Forbes’ latest Global 2000 list of public companies world wide.
- Reliance received the olive crown awards 2022on 28th April at the ITC Grand Central, Parel, Mumbai, which was hosted annually by International Advertising Association(IAA).
- Mukhesh Ambani received many leadership awards for most famous most reputable CEO’s.
- Reliance recognised at the Institute of Chartered Accountants of India (ICAI) Awards for Excellence in Financial Reporting for 2019-2020.
- Reliance Jio rated as 5th strongest brand in the globe as per Brand Finance Global500 2021 ranking.
- Reliance Industries Ltd climbed two places to 53rd position on Forbes’ latest Global 2000 list of public companies world wide.
- Reliance Digital won ‘Social Media App Effectiveness’ award at Global Customer Engagement
Awards 2020 by ACEF. - Reliance is in 8th position on the global ranking.
- Received ‘Sustainability Award’ for the Best Green Process in Petrochemical Sector by FICCI.
- Reliance is responsible for almost 5% of the government of India’s total revenues from customs and excise duty. Reliance is the highest income tax payer in the private sector in India.
For further more details about this go through the official website of Reliance Industry.https://www.ril.com/
However, its been a milestone and continuous hardship of the whole team of Reliance Industry to stood at the position where the company is today. As the company had to face many legal issues still they attained their goal and become one of the most profitable, successful and recognized company in the world.
