Introduction - Company Profile
The name Reliance is synonymous with success, a story as unique as its founder Dhirubhai H. Ambani, who built the Reliance empire from an initial capital of just $300. It is a story of dreams becoming reality, of vision igniting passion, and an Indian enterprise transforming itself into a global conglomerate. Today, Reliance Industries Limited, led by its Chairman and Managing Director Mukesh D. Ambani is India's largest private sector company in all major financial parameters with revenues of $16.7 billion, cash profit of $2.8 billion, net profit of $1.7 billion, net worth of $9.2 billion and total assets of $18.4 billion. It covers the entire energy value chain, starting with oil and gas and continuing on through refining, petrochemicals, chemical intermediates and textiles. Reliance is the first and only private sector company from India to feature in the 2005 Fortune Global 500 list of the 'World's largest Corporations' for the second consecutive year. It ranks amongst the world's top 200 companies in terms of profits. The Reliance Group Companies include: Reliance Industries Limited, Reliance Capital Limited, Reliance Industrial Infrastructure Limited, Reliance Telecom Limited, Reliance Infocom Limited, Reliance General Insurance Company Limited, Indian Petrochemicals Corporation Ltd. and BSES Limited.
1.1 Historic Background:
Dhirajlal Hirachand Ambani, one of the leading Indian businessmen, was born on December 28, 1932 in Chorwad, Gujarat. Popularly known as Dhirubhai Ambani, he heads The Reliance Industries, India's largest private enterprise.
Dhirubhai started off as a small time worker with Arab merchants in the 1950s and moved to Mumbai in 1958 to start his own business in spices. After making modest profits, he moved into textiles and opened his mill near Ahmedabad. Dhirubhai founded Reliance Industries in 1958. After that it was a saga of expansions and successes. Borned in 1932 to...