Podcast
Questions and Answers
What year did Reliance Commercial Corporation establish?
What year did Reliance Commercial Corporation establish?
Which of the following is NOT a business segment of Reliance Industries Limited?
Which of the following is NOT a business segment of Reliance Industries Limited?
In which year did Reliance Industries hold its initial public offering (IPO)?
In which year did Reliance Industries hold its initial public offering (IPO)?
Who is the chairman of Reliance Industries Limited?
Who is the chairman of Reliance Industries Limited?
Signup and view all the answers
What was the major brand established by Reliance in the textiles industry?
What was the major brand established by Reliance in the textiles industry?
Signup and view all the answers
Which factor contributes to Reliance Industries Limited's high corporate debt?
Which factor contributes to Reliance Industries Limited's high corporate debt?
Signup and view all the answers
What significant change occurred in Reliance's corporate name in 1985?
What significant change occurred in Reliance's corporate name in 1985?
Signup and view all the answers
What percentage of India's total merchandise exports does Reliance account for?
What percentage of India's total merchandise exports does Reliance account for?
Signup and view all the answers
What major event occurred for Reliance Industries Limited in 2001?
What major event occurred for Reliance Industries Limited in 2001?
Signup and view all the answers
Which plant was commissioned in 1991-92?
Which plant was commissioned in 1991-92?
Signup and view all the answers
What significant gas discovery did Reliance announce in 2002?
What significant gas discovery did Reliance announce in 2002?
Signup and view all the answers
What did Reliance introduce in 1998/99?
What did Reliance introduce in 1998/99?
Signup and view all the answers
Which company was taken over by Reliance during the privatization of public sector enterprises in 1998?
Which company was taken over by Reliance during the privatization of public sector enterprises in 1998?
Signup and view all the answers
What was the result of Reliance's merger with Reliance Petroleum in 2001-02?
What was the result of Reliance's merger with Reliance Petroleum in 2001-02?
Signup and view all the answers
In which year did Reliance enter the organized retail market?
In which year did Reliance enter the organized retail market?
Signup and view all the answers
What major acquisition did Reliance accomplish in 2010?
What major acquisition did Reliance accomplish in 2010?
Signup and view all the answers
Study Notes
Company Overview
- Reliance Industries Limited, headquartered in Mumbai, is a leading Indian multinational conglomerate.
- Key sectors include energy, petrochemicals, natural gas, retail, telecommunications, and textiles.
- It ranks as India’s largest public company by market capitalization and revenue, and is the 100th largest globally.
- Reliance is the largest private taxpayer in India and significant in exports, accounting for 7% of national merchandise exports.
- High corporate debt contrasts with relatively low free cash flow, raising concerns about financial stability.
- Mukesh Ambani, the chairman, is considered a plutocrat amid controversies involving political corruption and exploitation claims.
Historical Milestones
1958–1980
- Founded in 1958 by Dushyant Corporation as a small trading venture focusing on spices and polyester yarn.
- Dhirubhai Ambani continued the polyester business after a partnership dissolution in 1965.
- Established Reliance Textiles Industries Pvt. Ltd. in Maharashtra in 1966, and a synthetic fabrics mill in Gujarat.
- Became Reliance Textiles Industries Limited on May 8, 1973, expanding into textiles with the "Vimal" brand.
- The company went public in 1977, with the IPO oversubscribed by seven times.
- Acquired Sidhpur Mills in 1979 and set up a Polyester Filament Yarn Plant in 1980 in Maharashtra.
1981–2000
- Renamed to Reliance Industries Ltd. in 1985, with significant expansion in polyester yarn production.
- Hazira petrochemical plant was commissioned in 1991–92, marking a crucial development in their petrochemical capacity.
- Entered international capital markets with Reliance Petroleum in 1993.
- Rated by international credit agencies in 1996, recognizing its financial progress.
- Expanded into telecom through a joint venture in 1995, marking entry into the telecommunications industry.
- Took over the Indian Petrochemicals Corporation Limited (IPCL) in 1998, enhancing its petrochemical footprint.
- Constructed the world’s largest refinery in Jamnagar, Gujarat, between 1998-2000.
2001 Onwards
- By 2001, became India’s largest company across major financial measures after merging Reliance Petroleum.
- Announced a historic gas discovery at Krishna Godavari basin in 2002, with over 7 trillion cubic feet of natural gas.
- Acquired a majority stake in IPCL, integrating its operations into Reliance by 2008.
- Underwent a significant business reorganization in 2005-2006, separating power generation, financial services, and telecom.
- Entered organized retail with Reliance Fresh in 2006, rapidly expanding to 600 stores by 2008.
- Issued a 1:1 bonus share to shareholders in November 2009, demonstrating shareholder value commitment.
- Expanded into broadband markets by acquiring Infotel Broadband Services Limited, winning a key 4G spectrum auction in 2010.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz explores the various facets of Reliance Industries Limited, an Indian multinational conglomerate based in Mumbai. Test your knowledge on its key business sectors, market position, and impact on India's economy.
