Brand of the Month-Reliance Industries Limited
The Indian multinational conglomerate Reliance Industries Limited is engaged in energy, textiles, petrochemicals, natural gas, retail, telecommunications, and mass media. One of India’s most lucrative businesses, Reliance is also the largest business in India in terms of income and size among the country’s publicly traded firms. With 10,00,000 workers employed directly and indirectly worldwide, it is also one of the largest employers in India.
According to the Fortune Global 500 ranking of the largest firms in the world as of 2022, the company is ranked 100th. With access to markets in more than 100 nations, Reliance is still India’s top exporter, accounting for 7% of the country’s overall product exports. Nearly 5% of the entire customs and excise duty revenue received by the Indian government comes from Reliance. It also pays the most income tax in India’s private sector.
Reliance Market Cap
With actual revenues of $99 billion, net profits of $8.5 billion, and total assets valued at $229 billion in 2022, RIL has a market capitalization of US$270 billion (INR 23 trillion). For the years 2023–2024, Reliance Industries anticipates $150 billion in revenue, $27 billion in operating income, and a $15 billion net profit.
Brands Under Reliance Retail
With a portfolio of more than 50 prestigious international brands like Armani, Burberry, Diesel, GAS, Marks & Spencer, Superdry, Brooks Brothers, Steve Madden, and others, Reliance Retail operates the Trends, Trends Woman, Trends Man, Trends Footwear, Avantra by Trends, Reliance Jewels, and Hamleys formats.
Subsidiaries of Reliance
- Reliance Fresh-Retail stores for fruits, vegetables, and groceries
- Reliance Smart-Fresh produce, bakery, dairy, home and personal care, general merchandise, fruits, vegetables, and groceries
- Reliance Digital- retail outlets for consumer electronics.
- Reliance LYF-4G mobile phone manufacturer, established in 2015.
- Reliance Jewels-Retail Jewelry;
- Reliance Trends– Clothing and Apparel
- Reliance Footprint- Family footwear retail chain
- AJIO- E-commerce.
- Hamleys– one of the world’s oldest and biggest toy businesses.
- Jio Mart– a Reliance Retail e-commerce initiative that offers groceries delivery from nearby Kirana stores.
- Shri Kannan Department Store– retail store chain
- Netmeds-online pharmacy
- Urban Ladder– furniture and decor retailer
Brand Value of Reliance
Reliance Industries Limited, one of India’s top conglomerates, reported a brand value of more than $8 billion in 2022. The brand value significantly increased from 2016 to this year. In 2022, the brand was ranked number four among the top 100 most valuable Indian brands.
Within two years, Reliance acquired businesses like Balaji Telefilms, which provides TV content, EdCast, which facilitates learning, Embibe, which provides edtech content, Saavn, which provides music content, Radsys, which develops 5G architecture, which provides TV content, Eros, which provides TV content, Hathway, which provides broadband, DEN, which provides cable, which provides customer engagement, which provides language processing, which provides Fynd, which provides online (logistics).
On August 29, 2020, Reliance Retail announced that it will pay the Future Group 24,713 crore (US$3.1 billion) to acquire the store, wholesale, logistics, and warehouse businesses. This move would increase the company’s retail space by 15 lakh square metres. On November 15, 2020, Reliance Retail declared that it has acquired a majority stake in the furniture and interior design business Urban Ladder.
The company announced its collaboration with 7-Eleven on October 7, 2021, in order to launch its outlets in India. The announcement came one day after Future Group ended its affiliation with 7-Eleven, alleging an inability to open outlets on schedule and pay franchise fees. The opening of the country’s first 7-Eleven is completed in Mumbai. Reliance Retail made a $200 million investment in Dunzo on January 6th, 2022, acquiring a 25.8% interest.
The Owner of Reliance Industries:
Mr. Mukesh D. Ambani, the owner of Reliance Industries, graduated from the Institute of Chemical Technology in Mumbai as a chemical engineer (erstwhile the University Department of Chemical Technology, University of Mumbai). He attended Stanford University in the US to get an MBA. He has served on the Reliance Board since 1977.
He started Reliance’s journey toward backward integration, moving the company upstream into oil and gas exploration and production, moving from textiles to polyester fibres, then onto petrochemicals and petroleum refining. He built numerous brand-new, top-notch production facilities using a variety of modern technologies, increasing Reliance’s petrochemicals manufacturing capacities from fewer than a million tonnes annually to almost 21 million tonnes.
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