Reliance Group

Topics: Reliance Industries, Dhirubhai Ambani, Mukesh Ambani Pages: 3 (788 words) Published: December 21, 2012
Reliance Group

Reliance Group is India's largest private sector enterprise with revenues in excess of US$ 25 billion. The group has diversified business interests in areas such as petrochemicals, textiles and retail. Reliance Group's flagship company, Reliance Industries Limited (RIL), is a Fortune Global 500 company and is the largest private sector company in India.

The Reliance Group was founded by the legendary Dhirubhai H. Ambani. In 1975, the company expanded into textiles. Dhirubhai Ambani introduced equity cult in India when Reliance went public with IPO in 1977. Since the launch of its IPO RIL has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil. Dhirubhai led the evolution as a global leader in the materials and energy value chain businesses. Today, Reliance Group's activities range from exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals) to textiles and retail. Reliance enjoys global leadership in its businesses. It is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Presently, Reliance Group has more than 25,000 employees on its rolls and exports products in excess of US$ 15 billion to more than 100 countries in the world.

Business Interests of Reliance:

Petroleum Exploration and Production: Petroleum Exploration and Production is a major growth area for Reliance and Reliance intends to become a global energy major. RIL is the largest Oil & Gas acreage holder among the Private sector companies in India with 34 domestic exploration blocks covering an area of about 331,000 sq. km. It is also India's first private sector company in the Exploration and Production (E&P) sector to have discovered large gas reserves. RIL also has interests in one...
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