Reliance Industries
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
| Formerly | Reliance Commercial Corporation (1958–1966) Reliance Textiles and Engineers (1966–1973) Reliance Industries Limited (1973–present) |
|---|---|
| Company type | Public |
| ISIN | INE002A01018 |
| Industry | Conglomerate |
| Founded | 1958 |
| Founder | Dhirubhai Ambani |
| Headquarters | , India |
Area served | Worldwide |
Key people | Mukesh Ambani (Chairman & Managing Director)- Deepak Saxena (Head Commercial) |
| Products | |
| Revenue | ₹974,864 crore (US$120 billion) (2023) |
| ₹94,801 crore (US$12 billion) (2023) | |
| ₹73,670 crore (US$9.2 billion) (2023) | |
| Total assets | ₹1,713,506 crore (US$210 billion) (2023) |
| Total equity | ₹821,153 crore (US$100 billion) (2023) |
| Owner |
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Number of employees | 389,414 (2023) |
| Subsidiaries | |
| Website | www |
The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources. The chairman of Reliance Industries, Mukesh Ambani, has been described as a plutocrat.