Reliance Pvt. Ltd and Aditya Birla Group

Topics: Reliance Industries, Dhirubhai Ambani, Mukesh Ambani Pages: 1 (330 words) Published: July 16, 2012
Reliance Pvt. Ltd and Aditya Birla Group

Reliance Industries Limited is an Indian conglomerate company headquartered in Mumbai, India. The company operates through three business segments: petrochemicals, refining, and oil and gas, other segment of the company includes textile, retail business, special economic zone (SEZ) development and telecom/broadband business. RIL is the largest publicly traded company in India by market capitalization and second-largest public corporation in India when ranked by revenue. Though the company's petrochemicals, refining, and oil and gas-related operations form the core of its business, other segments of the company include textiles, retail business, telecommunications, and special economic zone (SEZ) development. Reliance Retail has entered into the fresh foods market as Reliance Fresh. The Aditya Birla Group is an Indian multinational conglomerate corporation headquartered in Mumbai, India.[4] It operates in 33 countries with more than 133,000 employees worldwide. The group has diversified business interests and is dominant player in all the sectors in which it operates such as viscose staple fiber, metals, cement, viscose filament yarn, branded apparel, carbon black, chemicals, fertilizers, insulators, financial services, telecom, BPO and IT services. On Paper both these groups are huge heavyweights in the still developing economy of India, and many other countries of the world, but everywhere they have often been cross linked due to their many diverse business interests intertwining and often competing against each other. The Birla group was founded by one of nascent India’s first industrialist Ghanshyam Birla, while the story of Reliance is a real rag to riches story of an entrepreneur called Dhirubhai Ambani. Their common areas of business mean that both are looking to expand many of their existing business while at the same time trying to deliver quality services. Overall the Birla Group is behind on revenues and also...
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