As the oil-to-telecom giant founded by billionaire Mukesh Ambani prepares for an IPO for its retail division, Reliance Industries Ltd. is moving all of its consumer products brands to a new wholly owned company.
According to a June 25 National Company Law Tribunal order, the brands—which include clothing, fashion, food, personal care, and beverages—that are presently owned by Reliance Retail Ltd. (RRL), Reliance Retail Ventures Ltd.(RRVL), and Reliance Consumer Products Ltd.(RCPL) will be transferred to the so-called New Reliance Consumer Products Ltd., or New RCPL.
In their application with the NCLT, the Reliance firms stated that, in contrast to retail, this is a major operation that requires specialised and concentrated attention, experience, and diverse skill sets.
According to the filing, the change will enable the capital-intensive consumer goods company to draw in a new group of investors. Additionally, it will help the retail company that is getting ready for an IPO focus more intently.
Operations of New RCPL
As per the agreement, New RCPL would produce, market, sell, and distribute consumer goods. According to the NCLT filing, it will also make investments in joint ventures and subsidiaries associated with this enterprise.
This development coincides with experts pointing to signs of improvement in Reliance’s retail division following a poor year-end performance on March 31 brought on by a slowdown in consumption and a reorganisation of its store network.
Just two years after its reintroduction in India, Reliance’s beverage brand Campa Cola acquired double-digit market share in strategic regions.
Its network of beauty care products, Tira, includes the Korean brand Sulwhasoo, the American brands Smashbox and Estee Lauder, and the domestic upstart Re’equil.
Reorganisation to be Concluded in Four Stages
There will be four main stages to the restructuring. Through slump sale, RRL’s FMCG brands will first go to parent RRVL. After that, RCPL and RRVL will merge.
The combined “consumer brands business undertaking” will thereafter depart from RRVL and relocate to Tira Beauty Ltd., which is now a dormant business.
As a continuing business, Tira Beauty will then be referred to as New Reliance Consumer Products (New RCPL). To have the proposed “composite scheme of arrangement” approved, the Mumbai NCLT bench directed RRVL to schedule meetings with its 14 equity owners and creditors.
Meetings for RRL, RCPL, and Tira Beauty shareholders were judged unnecessary based on the consent affidavits that were presented. According to the corporation, over 60% of the INR 11,500 crore in sales in FY25 came from kiranas and general trade.
Campa achieved double-digit market share in some regions, according to the company’s results call. Its goods are available in over one million retail locations through a distribution network that includes over 3,200 partners.
In addition, the NCLT division bench, which included technical member Prabhat Kumar and Justice VG Bisht, directed the firms to furnish information on their performance and corporate guarantees as well as any contingent liabilities that may be in place.
Reliance Industries Limited (RIL) is an Indian organization headquartered in Mumbai, India. Founded by Dhirubhai Ambani, the present Reliance Industries CEO is his son Mukesh Ambani.
Reliance has its entities across domains like vitality, petrochemicals, materials, common assets, retail, and broadcast communications. Reliance is one of the most prominent businesses in India, the biggest “traded on an open market” organization in India by showcase capitalization, and the biggest organization in India as estimated by income after it outperformed Indian Oil Corporation sometime back. On 18 October 2007, Reliance Industries became the first Indian company to cross $100 billion market capitalization.
The organization is positioned 86th on the Fortune Global 500 rundown of the world’s greatest enterprises as of 2024. Fortune announced on its website that Reliance has been a part of the 500 list for 21 years, as it released the 2024 list. Reliance continues to be India’s biggest exporter, representing 8% of India’s all-out exports with an estimation of INR 147,755 crore and access to business sectors in 108 countries. Reliance is answerable for nearly 5% of the legislature of India’s complete income from traditions and extracts obligation. In 2019, Reliance Industries Limited became the first Indian business to cross INR 9 lakh crore valuation mark.
This post by StartupTalky is a Reliance case study, which will let you know about Reliance success story, Reliance Industries founder, Reliance Industries CEO, Reliance Company details, success story, Reliance services company, History of Reliance Industries, Marketing Strategy of RIL, Growth, Revenue, Profit of Reliance Industries Limited and more.
In 1966, Reliance Textiles Engineers Pvt. Ltd. was consolidated in Maharashtra. It built a manufactured textures plant around the same time at Naroda in Gujarat. On 8 May 1973, it moved towards becoming Reliance Textiles Industries Limited. In 1975, the organization extended its business into materials with “Vimal” forming its image in the later years.
Established in 1966, the organization held its initial open offering (IPO) in 1977. Sidhpur Mills, a materials organization, was amalgamated with Reliance Textiles in 1979. In 1980, the organization extended its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga (Maharashtra) with monetary and specialized coordinated efforts from E. I. duPont de Nemours and Co., U.S.
In 1985, the name of the organization was changed from Reliance Textiles Industries Ltd. to Reliance Industries Limited. Between 1985 and 1992, the organization extended its introduced limit with regards to delivering polyester yarn by more than 145,000 tons per year.
In 1993, Reliance went to the capital markets abroad for assets through a worldwide depository issue of Reliance Petroleum. In 1996, it turned into the first private division organization in quite a while to be appraised by worldwide FICO assessment offices. In 1995/96, the organization entered the telecom business through a joint endeavor between NYNEX, USA, and advanced Reliance Telecom Private Limited in India.
In 2001, Reliance Industries Limited and Reliance Petroleum Ltd. turned into India’s two biggest organizations as far as all major monetary parameters were considered. In 2001–02, Reliance Petroleum converged with Reliance Industries. In 2002, Reliance reported India’s greatest gas revelation (at the Krishna Godavari bowl) in almost three decades. The setup volume of gaseous petrol was more than 7 trillion cubic feet, proportionate to about 1.2 billion barrels of unrefined petroleum.
This was the first, historically speaking, disclosure by an Indian private company. In 2002–03, RIL bought a larger stake in Indian Petrochemicals Corporation Ltd. (IPCL), India’s second-biggest petrochemicals organization, from the administration of India. IPCL later converged with RIL in 2008.
In 2005 and 2006, the organization revamped its business by de-merging its interests in control age and appropriation, money-related administrations, and media transmission administrations into four separate entities. In 2006, Reliance entered the retail showcase in India with the dispatch of its retail location position under the brand name ‘Reliance Fresh’. By the end of 2008, Reliance Retail had nearly 600 stores crosswise over 57 urban communities in India.
In November 2009, Reliance Industries gave 1:1 extra offers to its investors. In 2010, Reliance entered the broadband administration showcase with the securing of Infotel Broadband Services Limited; the latter was the main effective bidder for the Skillet India fourth-age (4G) range sale held by the legislature of India.
Journey Of Reliance Industries Limited
Around the same time, Reliance and Bharat Petroleum declared an association in the oil and gas business. BP took a 30% stake in 23 oil and gas creation sharing agreements that Reliance works in India, including the KG-D6 hinder for $7.2 billion. Reliance likewise shaped a 50:50 joint endeavor with BP for sourcing and showcasing gas in India. In 2017, RIL set up a joint endeavor with Russian Company Sibur to set up a Butyl elastic plant in Jamnagar (Gujarat) that became operational in 2018.
In August 2019, Reliance acquired Fynd to strengthen its consumer businesses and mobile phone services in the e-commerce sector.
By December 2022, Reliance Industries’ market cap reached INR 17,59,017.23 crore.
In February 2024, Reliance Industries and The BharatGPT group announced plans to launch “Hanuman’s AI” in March 2024. This large language model will support 11 local languages and focus on health, governance, financial services, and education. In March 2024, Reliance Industries partnered with Disney to launch a new OTT platform. On October 24, 2024, Nvidia agreed to supply chips to Reliance and other Indian companies as part of an AI initiative.
Reliance Industries is currently one of the biggest Indian multinational conglomerates that has diversified into many verticals today. Reliance Industries headquarters is in Mumbai, Maharashtra, of which, Reliance is the largest publicly-traded company by market capitalisation. The business of Reliance Industries spans telecom, retail, oil & gas, petrochemicals, and digital services, making it one of India’s largest conglomerates.
The organization was established by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial. The marketing mix of Reliance covers the 4Ps (product, price, place, and promotion) and explains Reliance Industries’ marketing strategy as follows:
Products
Reliance Industries Limited is perhaps the greatest aggregate in India. Its business is available in different segments which are concentrated to comprehend Reliance’s item system in its showcasing blend. The retail segment incorporates Reliance Fresh, Big Bazaar, Reliance Mart, Reliance Market, Reliance Home Kitchen, Reliance iStore, Reliance Solar, and more.
Reliance Life Sciences is associated with medicines, plants, and biotechnology as it has some expertise in marking, assembling, and promoting Reliance Enterprises items in biopharmaceuticals. Reliance’s coordination comprises transportation, dissemination, coordination, inventory network-related exercises, and telemetry arrangements. Reliance Jio Infocomm Ltd. is a broadband specialist co-op that gives 4G administrations. Relicord is claimed by Reliance Life Sciences and gives blood banking administrations. Reliance Industrial Infrastructure Limited deals with the development and activity of pipelines for moving oil-based commodities. Subsequently, this gives an outline of the contributions of Reliance Industries.
Price
Reliance Industries Limited pursues a distinctive valuing methodology for various segments. Thus, the advertising blend and evaluation technique of Reliance Industries is unique in light of rivalry and market administration in certain parts. It pursues entrance valuing for retail, media transmission, and well-being. At the point when the organization propelled Reliance Jio, it offered free Jio administrations to its clients during the dispatch time frame to build a piece of the pie. Be that as it may, the retail and media transmission parts are at misfortune; however, the organization is giving ideas to clients to build its client base.
The evaluating choices for its oil business relies upon the full-scale condition components and worldwide market situation to a great extent. Reliance Fresh outlets, for example, secure their items directly from the source, eliminating the middlemen in this way. This is advantageous to the shopper as the markdown price and value decrease. Reliance Industries performs exhaustive evaluations before valuing its choices, and this evaluation is a persuasive factor for its ascent in the aggressive market.
Reliance Industries has a solid nearness all over India. Reliance Retail is the biggest retailer that has more than 1500 stores crosswise over India. Here are the investors that make Reliance Retail, one of the largest retailers in India. Different brands like Reliance Fresh, Reliance Footprint, Reliance Digital, and Reliance Trends have arrived in Tier 1 and Tier 2 urban areas.
Reliance Jio sim administrations are accessible crosswise over significant areas and its network has improved significantly over the last years.
Reliance Industries’ dispersion system is so well-arranged that it has a strong grip across the country. Reliance gets crude materials directly from the source; consequently, it has pulled in an enormous number of clients because of the advertisements. Reliance clients can speak with the agents by calling administrations or online channels.
Reliance Industries meets with its shareholders in annual general meetings, which it holds every year. This Annual General Meeting (AGM) was held virtually on July 15, 2020, which became the first virtual AGM after TCS had done it on June 11, 2020. The Ministry of Corporate Affairs (MCA), owing to the current circumstances, permitted companies to hold their Annual General Meetingsthrough video conferencing or other Audio Visual means to avoid large public gatherings. The meeting with all the shareholders was held on 15th July at 2 PM through a video conferencing platform. This was the 43rd AGM for Reliance Industries Limited. Many big announcements were made during that AGM, where the most significant of them all was that Google announced it will invest $4.5 billion, which is approximately INR 33,737 crores in Reliance Jio at a stake of 7.7%. Google has joined Facebook in the big investors’ list of Jio, a subsidiary of Reliance Industries Limited. RIL announced in the AGM that Google along with Reliance Jio will work on developing low-cost, entry-level mobile devices with a customized version of Android to serve millions of new customers in India. Mukesh Ambani informed that these mobile phones will come with the support of the future of wireless networks – 5G, and the Google Play services.
Sundar Pichai also sent a video message regarding the partnership between Google and Jio Platforms. In the video message, he said, “Getting technology into the hands of more people is a big part of Google’s mission. Organizing the world’s information and make it universally accessible and useful is another part of the mission. Through this partnership with Jio Platforms, we see the chance to have an even greater impact than either company could have alone. ”
Everyone should have access to the internet. Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund.https://t.co/1fP8iBZQfm
He also added, “This partnership is a key part of Google’s next chapter of investments in India. Our investment of $4.5 billion in Jio is the first and biggest through the digitization fund of $10 billion. I am excited that the collaboration will focus on the increase in access for hundreds of millions of Indians who do not currently own a smartphone and the improved mobile experience for all.”
Mukesh Ambani informed the shareholders of RIL that the Jio Phone remains the most affordable 4G supporting phone. He informed that about 100 million Indians have upgraded their feature phones to Jio Phones, but 350 million Indians still own a 2G feature phone and are waiting to upgrade to an affordable and conventional smartphone. He said that Jio aims to develop affordable 5G phones at only a fraction of its cost and to achieve this they need an equally value-engineered smartphone Operating System which will be provided to them by Google under their new partnership.
Mukesh Ambani further said, “Putting a smartphone in the hands of every Indian is our aim. India is standing at the doorsteps of the 5G era. They should not be deprived of the benefits that the digital and the data revolution offers. Jio is determined to make India ‘2G Mukt’ ”. Mukesh Ambani also talked about the ‘Digital India’ movement.
Previously, the AGMs have been held by Reliance at many different venues including auditoriums, football stadiums, and other big grounds. For the last few years, however, Birla Matushri Sabhaghar has been the venue for the meetings. In 2020, however, owing to the Coronavirus (COVID-19) pandemic, companies are compelled to hold these meetings online through video conferencing.
In the pandemic-stricken year, like all the previous years, the meeting was held between the shareholders of the company. The annual report of the company was presented to them, which contained the performance and strategies of the company. The new plans and features for the next year were also included. Furthermore, the shareholders got to ask questions and vote on topics that were related to the functioning and betterment of the company.
It was during the Annual General Meeting of 2016, that Reliance Jio was commercially launched, which changed the face of the telecom industry and brought about an internet revolution in India. The previous meeting, which was the 42nd AGM, was held in The Birla Matushri Sabhaghar on 12th August 2019. The key points of the meeting were:
Announcement of the launch of Jio Fibre service.
Mukesh Ambani said that they have a clear roadmap for becoming a zero-net debt company by 31st March 2021. This feat was achieved much earlier than expected and RIL became a zero net debt company a few days ago after it raised around ₹1.69 lakh crore from global investors such as Facebook.
The announcement of the launch of the new 4K supported Jio Set Top Box.
Mukesh Ambani announced to the shareholders that the company’s turnover has crossed ₹130,000 crores, making it India’s largest retailer and 4 times larger than the 2nd retailer. The company became larger than all other major retailers in the country put together.
Reliance Logo
Promotion
Reliance Industries is vigorously working on publicizing and brand advancement. The special procedure in the advertising blend of Reliance Industries is engaged towards 360-degree marketing and forceful brand advancement. Reliance uses the slogan “Development is Life” and has typified its slants of taking individuals together. RIL proprietor Mr. Mukesh Ambani has now owned the Mumbai Indians franchise for a long time, and the purchase of a cricket team has been instrumental in bringing the Reliance brand under the spotlight.
Reliance Industries has roped in Bollywood celebrity Hrithik Roshan for underwriting Reliance Telecom. It declares limits and leads for different special exercises at various Reliance outlets. Because of its solid image mindfulness, Reliance Industries has pulled in clients at its stores. Customer happiness has led to its expanded client base. Consequently, this covers the promoting blend of Reliance Industries.
In FY24, Reliance Industries Limited recorded its highest revenue from the oil-to-chemical business, exceeding Rs 5.6 trillion. Retail was the second-largest revenue source, followed by digital services.
Reliance Industries reported a profit of Rs 19,323 crore for the September 2024 quarter, marking a 10.8% increase compared to the June quarter.
The gross revenue for the quarter remained steady at Rs 2,58,027 crore, up by 0.8% from Rs 2,55,996 crore in the same quarter of the previous fiscal. The revenue saw a slight sequential increase of 0.08%.
EBITDA for the second quarter of fiscal 2024 was Rs 43,934 crore, slightly down from Rs 44,809 crore in the same period last year, despite strong double-digit growth in Jio Platforms and oil & gas. However, EBITDA grew by 2.8% compared to the previous quarter.
Jio Platforms (JPL) reported a strong 23.4% year-on-year profit growth, reaching Rs 6,539 crore for the September quarter, driven by higher revenue and improved operating leverage.
The retail business posted a profit of Rs 2,836 crore for the September 2024 quarter, marking a 1.3% increase compared to the same period last year and an 11.3% rise over the June quarter.
The oil-to-chemical (O2C) business saw a 5.1% year-on-year growth, reaching Rs 1,55,580 crore for the quarter ending September 2024, driven mainly by higher volumes and increased domestic product placement.
Revenue from the oil & gas business in Q2FY25 decreased by 6% to Rs 6,222 crore, compared to Q2FY24, mainly due to lower price realizations. This was partially offset by higher gas and condensate volumes from the KGD6 and CBM fields.
The media business reported Q2FY25 revenue of Rs 2,118 crore, a 2.1% decline compared to the same period last year, mainly due to a significant drop in movie segment revenues, a project-based business. However, the operating performance remained strong.
The Indian economy remained the quickest-developing significant economy on the planet in 2018. In FY 2018-19, the evaluated Gross Domestic Product development rate was 6.8%, driven by solid private utilization development at 8.1%. The economy kept on seeing an expansion in speculations with gross fixed capital formation development at a six-year high of 10%.
For FY 2018-19, India’s oil request developed at about 3% y-o-y with utilization-driven request development in gas (+8.1%), Gasoil (+3.0%), and stream fuel (+9.1%). The interest was driven by powerful development in business vehicle deals and solid air traffic development during the year. On the provincial side, though tractor deals and three-wheeler deals declined from the highs of FY 2017-18, they kept on developing in twofold digits.
Household request development for petrochemical items was solid with both polymer and polyester requests developing at 7% y-o-y. Reliance Jio has impelled India to turn into the biggest versatile information-devouring economy on the planet. With omnipresent and dependable information administrations, information systems are progressively being utilized for media and stimulation, instruction, showcase data, and exchanges.
The appropriation of advanced exchanges saw exponential development. Reliance Retail keeps on profiting by solid interest development crosswise over purchaser staples, optional merchandise, and its capacity to convey an unrivaled client experience and offer.
Refining And Marketing – Weak Light Distillate Cracks Lead Down Margins
During the year, benchmark Brent oil costs were up 22% due to geopolitical pressures, and supply interruptions from Venezuela, Iran, and Libya just as OPEC+ creation cuts. Request development was affected by the high siphon level costs in the US and different economies coupled with the slow development in the Chinese economy.
RIL’s gross refining edges declined to $9.2/bbl due to feeble light distillate breaks; this was somewhat counterbalanced by flexible center distillate splits. Operational greatness and adaptability helped Reliance keep up a noteworthy $4.3/bbl premium over the territorial benchmark-Singapore Refining Margins. The strong presentation by Reliance’s refining business was bolstered by proactive unrefined sourcing, enhancing of item yields, and vigorous hazard in a difficult domain.
Reliance Industries Founder Story | Dhirubhai Ambani Success Story
Petrochemicals – Resilient Business Model Shining Through
The petrochemicals business conveyed its best execution with an EBITDA commitment of 37,645 crores, up by 45.6% y-o-y. Petrochemical generation was additionally at a record high of 37.7 MMT, up 16% y-o-y.
The solid outcomes were accomplished in a situation of declining usage rates in key item chains with a new supply increase. This exhibits the strength of Reliance’s action plan which is dependent on linkages between refining and petrochemical chains, feedstock adaptability, and a wide item portfolio. While polymer chain edges were affected by new supplies out of the US Ethane-based wafers, polyester bind gains kept on increasing, driven by solid PTA and PX edges. With the initiation of ethane splitting at Nagothane, the key parts of Reliance’s petrochemical speculation cycle are adding to its income.
Oil And Gas Exploration And Production
Reliance has attempted the improvement of High-Pressure High Temperature (HPHT) R-Cluster, Satellite-Cluster, and D55 (MJ) fields. The first gas from R-Cluster is normal by mid-2020 followed by Satellite Cluster and MJ fields. The new improvement will use Reliance’s collaboration with BP, the existing framework in the Krishna-Godavari Basin, and the downturn in the capital hardware and specialist organization advertising.
Reliance Retail – Growth Across All Key Consumption Basket
Reliance Retail accomplished a record turnover of INR 1,30,566 crore, up 88.7% y-o-y. Turnover development was driven by quick store extension and strong development in same-store deals. Reliance Retail accomplished its most elevated EBITDA of INR 6,201 crores, up 145% y-o-y. The solid working presentation was driven by a 100 bps improvement in EBITDA to 4.7%. Proceeding with a solid development force, Reliance Retail has accomplished an income CAGR of 55% and EBITDA CAGR of 76% in the last 5 years.
Reliance Retail had 18,836 retail stores in more than 6,600 towns and urban areas covering a zone of 79.1 million sq. ft. as of November 2024. It has a registered customer base of 300 million. Reliance Retail is working on plans to dispatch a separate new commerce stage which will empower little shippers across India to contend in a computerized age and plans to double its sales in next 3-4 years.
Digital Services – Strong Traction In Subscriber Addition And User Engagement
Reliance Jio has over 478 million users to date and is currently India’s biggest portable telecom administrator positioned by Adjusted Gross Revenue (AGR). Jio comes out on top if Average Revenue Per User (ARPU) (126.2/month) is considered along with sound normal voice utilization (823 minutes for every client every month) and normal information utilization (10.9 GB per client every month).
Jio intends to give a worldwide standard wireline framework and administration in India through FTTH and Enterprise contributions. To quicken this rollout, RIL has made vital investments in Hathway Cable, Datacom Limited, and DEN Networks Limited. Jio likewise keeps on executing its arrangements of building an advanced biological system spreading crosswise over media, excitement, trade, training, human services, and horticulture.
As per reports from 12 March 2025, Reliance Jio has formed a partnership with Elon Musk’s SpaceX to bring Starlink satellite internet services to India. This unexpected partnership comes after months of disagreements over spectrum allocation in the country. As part of the agreement, Reliance Jio will stock Starlink equipment in its retail stores, providing Starlink with a direct distribution channel through thousands of outlets nationwide.
According to Deloitte, India’s satellite service sector is expected to grow at a rate of 36% annually, reaching $1.9 billion by 2030.
Media – Strengthening Offering Ahead Of Evolving Market Trends
Reliance is focused on offering media content for the Indian market as a feature of its computerized administration’s bunch. As a component of this dedication, Reliance is putting resources into the production of unique substances significant for the developing patterns in media utilization. Through possessed substance motors and cooperative organizations, Reliance is building a broad media content library that will take into account all portions of the crowd and dovetail with its wide conveyance stages.
Reliance’s media organization Network18 proceeded with its development direction and put resources into key regions to fill blank spaces and sustain its position as a leader.
Advanced Platforms
During the year, Reliance started stage-driven association procedures to tap the noteworthy potential for its organizations to improve proficiency and encourage educated and basic leadership procedures.
RIL went into a Memorandum of Understanding (MoU) with the Government of Maharashtra to build a Global Economic Digital and Services Hub with worldwide associations. RIL through its completely claimed backup has gone into an MoU with NMSEZ to a sub-rent place that is known for around 4,000 sections of land alongside related improvement rights. The project will usher in industry revolution 4.0 in Maharashtra and prompt critical industrial development by offering world-class infrastructure and collaboration with the best of worldwide innovation organizations in the areas of Innovation and Learning, Research and Development, Technological Advancement, and Manufacturing and Service capacities.
Indian Film Combine
RIL through its completely claimed backup has procured a dominant stake in the Indian Film Combine, and it is building a Drive-in Theater, Hotel, Retail Mall, and Clubhouse at Bandra Kurla Complex (BKC) in Mumbai.
JIO World Center
Reliance built a best-in-class, world-class convention center, performing arts theater, retail mall, office space, and clubhouse at Bandra Kurla Complex (BKC), Mumbai. It is the most alluring retail, entertainment, and cultural area of Mumbai city backed by a world-class convention center.
The last two years were portrayed by unstable, large-scale financial conditions. Adding to vulnerability were higher oil costs in the principal half of the year and expanding geopolitical pressures as the year progressed. Reliance accomplished its best execution in this condition with record commitment from its petrochemicals, retail, and advanced administration units. “Strong working execution for the year underscored the quality of the petrochemicals business that we have fortified throughout the last speculation cycle. Moreover, our purchaser organizations keep on scaling new statures with industry-driving measurements. The adaptability of retail and computerized administration business stages has made an exceptional incentive for all partners,” a Reliance representative added.
Revenue And Profit Of Reliance Industries Limited
Revenue of Reliance Industries
Reliance accomplished a solidified income of INR 6,22,809 crores ($90.1 billion), an expansion of 44.6% when contrasted with INR 4,30,731 crores in the earlier year. The increment in income was fundamental because of volume expansion with the adjustment of petrochemicals undertakings and oil-related increment of refining and petrochemical items. The higher volumes in the petrochemicals business are by the first entire year of tasks of new petrochemical offices. Reliance’s solidified income was bolstered by powerful development in retail and computerized administrations business which recorded an expansion of 88.7% and 94.5% in income individually when contrasted with the earlier year.
Reliance Industries Limited reported an increase in its consolidated revenue for FY24 at INR 917,121 crore from 889,569 crore in FY23.
The company reported a consolidated net profit of INR 78,633 crore for FY24, up from INR 73,646 crore in FY23.
Reliance Jio reported a revenue near to INR 1.3 trillion in fiscal year 2024.
Reliance Industries Limited reported a 26.2% year-on-year (Y-o-Y) increase in its consolidated net profit for FY22 at INR 67,845 cr. Reliance Industries Limited recorded a 47% Y-o-Y growth in its revenue, which became INR 7.92 lakh crore in FY22. The annual revenue of the digital services business of RIL crossed the 1 lakh crore mark for the first time in FY22. Reliance Industries Limited’s digital arm also recorded an all-time high EBITDA of INR 40,268 Cr during the year. The retail business of Reliance also recorded annual revenue of around INR 2 lakh crore and a record annual EBITDA of INR 12,423 cr.
The gross revenue of the Reliance Jio platform increased by 17.1% in FY22, which was recorded at INR 95,804 cr. The net profit of the same increased by 23.6%, which became INR 15,487 cr. The EBITDA of the Jio platforms rose by 20.9%, thereby becoming INR 39,112 cr during FY22.
Challenges and Controversies Of Reliance Industries Limited
While Reliance has been very successful, it has also faced challenges and controversies, such as:
Competition: As Reliance grows, it faces strong competition in sectors like retail and telecommunications.
Legal and Regulatory Issues: The company has dealt with legal problems and regulatory scrutiny, especially in telecom.
Environmental Concerns: Some of Reliance’s industrial activities have raised concerns about pollution and resource use.
Conclusion
Reliance Industries is an example of an Indian company that grew massively and made a global impact. Its success is built on ambition, innovation, and hard work, setting new standards in business.
With its focus on innovation, customer needs, and expanding across industries, Reliance has changed markets and helped millions. However, it has also faced challenges and controversies, highlighting the importance of responsible business and ethical leadership.
This case study on Reliance inspires entrepreneurs and shows how a small business can grow into a global giant through ambition and smart work.
FAQs
What is the history of Reliance Company?
The organization was established by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial. It was later renamed Reliance Industries and diversified into financial services, petroleum refining, and the power sector.
Who is the owner of Reliance?
Dhirubhai Ambani founded the Reliance Group, and Mukesh Ambani is the owner of Reliance Industries Limited.
Who is the CEO of Reliance Industries?
Mukesh Ambani is known as the Reliance Industries CEO.
How much of Reliance does Ambani own?
The Ambani family holds approximately 46.32% of the total shares, whereas public shareholders, including FII and corporate bodies, constitute the remaining 53.68%.
How Reliance Industry became successful?
Reliance became successful by diversifying its business across various sectors like petrochemicals, retail, telecommunications, and media. Under Mukesh Ambani’s leadership, the company focused on innovation, large-scale investments, and strategic acquisitions, such as Jio’s entry into telecom and the growth of Reliance Retail. Their strong market presence, robust infrastructure, and focus on technology and digital services helped Reliance achieve rapid growth and success.
When Reliance started?
Reliance was founded by Dhirubhai Ambani in 1966 as a small textile company and later expanded into various industries, including petrochemicals, telecommunications, and retail.
What is Reliance business model?
Reliance follows a diversified business model, spanning telecom, retail, oil & gas, and digital services. It focuses on vertical integration, cost leadership, and scale to dominate multiple industries.
Isha Ambani, the eldest child of India’s richest man, Mukesh Ambani, and coheir to India’s largest conglomerate, Reliance Industries, is more than just a billionaire’s daughter. Coming from a prominent business family that has shaped India’s economy, Isha could have easily stepped into the shadows of her father’s legacy. In lieu, she carved a niche for herself as a modern-day ‘Maharani’, illuminating her path with grace, intelligence, and entrepreneurial spirit.
Born and raised in a world of grandiosity, Isha from her early days has always been in the spotlight as a fashion icon. Still, her vision stretched far beyond into the future of retail and digital India. As a key executive at Reliance Industries, she is redefining business boundaries and has demonstrated an exceptional ability to balance tradition with innovation.
Armed with an Ivy League education, Isha’s journey wasn’t just about inheriting a legacy but about rewriting it. With her sharp business acumen, she is the driving force behind Reliance Retail and Jio, making her mark globally. Yet her journey wasn’t without its hurdles while carving her path. Steering through the corporate complexities, Isha has championed sustainable practices, turning obstacles into opportunities.
Isha’s influence extends beyond the corporate world as a prominent philanthropist and a champion for women’s empowerment. From boardroom meetings to defining some of the most innovative ventures, let us unveil how Isha is taking her father’s empire to new heights.
Learn about Isha Ambani, her education, career, family, philanthropy, controversies, Reliance, and more from this article.
Isha Ambani – Biography
Name
Isha Ambani
Born
October 23, 1991
Nationality
Indian
Hometown
Mumbai
Education
Stanford Graduate Business School Yale University
Profession
CEO Reliance Retail Director Reliance Industries Limited Director Reliance Jio Infocomm Member of Board, Jio Member of Board, Jio Financial Services Member of Board, Dhirubhai Ambani International School
On October 23, 1991, Isha was born as the daughter of Mukesh Ambani and Nita Ambani. She is the elder of the three siblings, having a twin brother, Akash Ambani, and a younger brother, Anant Ambani. Isha was raised in the heart of Mumbai’s elite circles, where she was exposed to the business world from a young age.
Isha’s educational journey is as impressive as her family background. She completed her schooling at the prestigious Dhirubhai Ambani International School in Mumbai and later went on to pursue a degree in Psychology and South Asian Studies from Yale University. In 2018, she went to Stanford Graduate School of Business to complete her MBA.
Isha commenced her career as a Business Analyst with a stint at McKinsey & Company. In 2014, she came back to India and officially joined Reliance Industries as a Member of the Board. Isha was also a Member of the Executive Committee for Reliance Jio Infocomm, the telecom arm of Reliance Industries, and quickly rose to become the Director of Reliance Jio Infocomm. In December 2015, Isha, along with her brothers Akash and Anant, launched Jio 4G services. She is also a Member of the Board for Reliance Jio, Reliance Foundation, and Dhirubhai Ambani International School.
As a part of the executive leadership team of Reliance Retail, in 2016, Isha launched Ajio, an online fashion brand under Reliance Retail. She rose to become the Managing Director for Reliance Retail, driving its rapid growth and diversification into new markets. Under her vision, Ajio has grown to house over 25,00 brands and commands 15% of the eCommerce fashion market in India with annual sales of over $2 billion. Her advanced digital-first strategy helped modernize the company’s operations, making Reliance Retail a dominant force in the Indian eCommerce market.
In August 2022, Isha was appointed CEO of Reliance Retail by her father, Mukesh Ambani. In July 2023, Isha closed a deal with America’s biggest apparel brand, GAP, and launched over 100 outlets across India. With a vision to bring luxury brands to India, she developed Jio World Plaza, a high-end shopping and entertainment complex in Mumbai, and inaugurated it in November 2023.
Over time, Isha has taken on increasingly significant responsibilities at Reliance Industries. She has been instrumental in driving the company’s expansion into new sectors, such as retail, telecom, healthcare, financial services, and new energy. Her contributions have been particularly notable in the areas of consumer products and retail, where she has played a key role in launching and growing successful businesses.
On December 12, 2018, Isha Ambani married Anand Piramal, the son of Ajay Piramal, Chairman of the Piramal Group. Their wedding was one of the most extravagant events that was attended by global business leaders, Bollywood celebrities, political figures, and international guests like Hillary Clinton and Beyoncé.
Isha Ambani and Anand Piramal are parents to twins, one son, Krishna Ambani Piramal, and a daughter, Aadiya Ambani Piramal, born on November 19, 2022. Despite their busy professional and social lives, Isha and Anand are known to share a deep-rooted connection with their families and have high beliefs in their families’ cultural values.
Isha is not just an entrepreneur and fashionista, but an inspiration for many young girls and women in the true sense.
Speaking openly about her motherhood through IVF in an interview with Vogue, she says, “I am very quick to say that my twins were conceived via IVF because that is how we will normalize it, right?” Isha further states, “If there is modern technology in the world today, why not use it to have children?”
She truly believes that motherhood is something you should be excited about; even if achieved through IVF, you must own it with pride and not hide. Isha’s bold move and open statements on IVF have sparked noteworthy conversations around fertility, choice, and women’s empowerment, inspiring many young women.
Isha Ambani – Philanthropy
Isha Ambani is the co-founder of the Reliance Foundation, a non-profit organization chaired by her mother, Nita Ambani. The foundation concentrates on various causes such as education, healthcare, rural development, disaster response, and sports development in India.
One of Isha’s significant contributions has been in the field of education, promoting digital schooling and sports for all. She has been instrumental in starting initiatives like ‘We Care, We Volunteer,’ which aims at providing education, art, and storytelling for underprivileged children.
In healthcare, Isha has played a key role in expanding the foundation’s initiatives to provide affordable and accessible healthcare services. Under Reliance Foundation, she has taken up the ingenuity to spread breast cancer awareness and has launched a book, Being Breast-Aware: What Every Woman Must Know,’ a book written by Dr. Vijay Haribhakti, Chair, Onco Sciences, Sir HN Reliance Foundation Hospital. To improve the overall health of millions of Indians, Isha has introduced programs, mobile health units, and community health initiatives under the Reliance Foundation.
Isha is also involved in sports development, continuing her mother’s legacy of promoting sports at the grassroots level. The Reliance Foundation Youth Sports (RFYS) program has helped thousands of young athletes hone their skills, providing them with training, equipment, and opportunities to participate in national and international events.
Beyond the Reliance Foundation, Isha and her husband, Anand Piramal, are also engaged in social impact ventures through the Piramal Foundation, focusing on healthcare, education, and social entrepreneurship. Isha’s role as a philanthropist emphasizes her commitment to driving impactful social change and uplifting marginalized communities.
Isha Ambani has generally maintained a positive public image, but being a prominent figure, there have been a few instances where she has been a part of criticism or controversy.
Reliance Jio Controversy:Reliance Jio, a telecom company where Isha holds an executive leadership role, has faced some controversy during its launch. Many critics accused the company of using unfair tactics to gain market share and of harming the interests of existing players in the telecom industry.
Environmental Concerns: Isha’s business ventures, particularly in the energy sector, have also faced criticism over environmental concerns. Some projects have been associated with issues such as land acquisition, pollution, and deforestation.
Isha Ambani – Awards And Recognition
Isha Ambani has received several awards and accolades for her intense business acumen, leadership, and contributions to transforming Reliance Industries.
In 2015, Forbes’ 30 Under 30 Asia list for her crucial role in the launch of Reliance Jio.
In 2020, Forbes Asia’s Power Businesswomen across the Asia-Pacific region to spearhead Reliance Retail and Reliance Jio.
Among the Twelve Most Powerful Upcoming Businesswomen of Asia byFortune India.
Second-youngest billionaire heiress on the Forbes list, with a net worth of $100 billion.
‘The Economic Times’ list of most powerful women in business.
Featured in The Times Power List.
Credited with the GenNext Entrepreneur Award at the 12th Forbes India Leadership Awards 2023.
Won Maharashtrian of the year 2024.
Recognized as a rising star at TIME100 Next List.
Ranked 31st in the Hurun India Under-35 list of entrepreneurs.
Icon of the Year Award at the Harper’s Bazaar Women of the Year Awards (2024).
We are living in times of exponential changes. The world is changing, the world is innovating, and if we are to survive in this fast-changing world, we too must innovate. So, for everyone present here today: Be ready to embrace the change. Be prepared to take up Science & Technology as a career option because Science & Technology hold the key to the future. The majority of future jobs are going to be in those realms. So, break the shackles to tradition, challenge yourself, and be the changemaker. – Isha Ambai as Director, Reliance Industries.
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I have a private account on Instagram because there’s no need for me to have a public account. I’m not an influencer, and it’s not something that I want to be. I don’t want to be known for the number of followers I have. I use social media for fun—scrolling through Instagram is a huge source of entertainment for me!” – Isha Ambani to Vogue.
FAQs
Who is Isha Ambani?
Isha Ambani is the daughter of Mukesh Ambani, one of the richest people in India and the chairman of Reliance Industries. She plays a key role in the family business, especially in the retail and telecom sectors. Isha is also known for her leadership in launching Reliance Jio and has been involved in various projects at Reliance.
What is Isha Ambani education?
Isha Ambani did her schooling at Dhirubhai Ambani International School in Mumbai. After that, she went to Yale University in the United States, where she earned a degree in Psychology and South Asian Studies. Later, she pursued an MBA from Stanford Graduate School of Business.
What is Isha Ambani age?
Isha Ambani was born on October 23, 1991. As of 2024, she is 33 years old.
Who is Isha Ambani husband?
Isha Ambani’s husband is Anand Piramal. He is the son of billionaire industrialist Ajay Piramal, who leads the Piramal Group, a large conglomerate in India.
The non-bank financial company Jio Financial Services Ltd (JFSL), which is a subsidiary of Reliance Industries, has been in the news recently. The Department of Economic Affairs, Ministry of Finance, authorised JFSL to raise the foreign investment limit to 49% of its total stock on a fully diluted basis, which the firm disclosed recently and could further accelerate its growth trajectory. Foreign Portfolio Investors (FPIs) and other foreign investors will be able to participate more actively as a result of this decision.
The business, which is headed by billionaire Mukesh Ambani, first asked its shareholders for approval to increase the foreign investment limit to 49% in May 2024. This action is not merely a technical modification; it is a strategic manoeuvre designed to attract substantial foreign capital.
In order to stand out in India’s very competitive financial services industry, JFSL is actively courting investors from around the world. The capacity to attract investment from outside sources will allow the business to grow by bringing in much-needed finance, as well as international knowledge and ideas.
JFSL’s Strong Financial Performance Is the Icing on the Cake
This declaration is made in light of the fact that JFSL had a very successful financial performance during the first quarter of 2024. A consolidated net profit of INR 311 crore was declared by the company for the quarter that ended in March 2024, representing a 6% increase over the previous quarter’s figure of INR 294 crore accumulated in December.
In the meantime, the consolidated revenue from operations stayed unchanged INR 418 crore, which is a decrease from the previous quarter’s figure of INR 414 crore.
Strategic Collaboration
Strategic actions have been taken by Jio Financial Services to increase its market share. The business established a historic alliance with global asset manager BlackRock, Inc. in April 2024. The two companies are teaming up to launch a wealth management and broking firm.
By delivering digital-first investment products, this partnership would likely revolutionise India’s asset management industry and meet the changing demands of Indian investors. By teaming up with BlackRock, JFSL is sending a message that it is serious about innovation and wants to dominate the wealth management industry.
JFSL’s Performance at the Stock Market
The impressive market performance of JFSL since its debut on the stock market in August of last year has captured the interest of investors. At the beginning, the market valuation of the company was more than INR 1.5 lakh crore.
The stock has nevertheless managed to produce positive returns of more than 52% over the past year, even with this small decline. On the other hand, Jio Financial Services is in a great position to attract additional international investments thanks to the recently approved rise in the foreign investment limit, which might lead to even better stock performance in the months to come.
In their most recent attempt to secure the approval of the competition watchdog for the merger of Star India and Viacom18, Reliance Industries Ltd (RIL) and Walt Disney are reportedly considering proposing a two-year freeze on advertising rate cards to the Competition Commission of India (CCI).
With an eye towards closing by October, RIL and Disney have been looking for methods to allay the regulator’s fears regarding the merger’s possible effects on India’s media and entertainment (M&E) sector.
The Step Will Bring Marginal Loss to the Merger
Ad revenue loss from the ad rate freeze is unlikely to be significant, and media agency officials find RIL and Disney’s plan intriguing because it could aid the Star-Viacom18 merger in obtaining CCI clearance.
The Indian Premier League (IPL) and other properties have taken a major hit from the recent advertising slump, but some executives are arguing that the combined business will suffer little harm from the planned rate freeze.
Due to the departure of modern sponsors and reluctance among established brands to make costly bets on cricket, Star Sports and JioCinema have scarcely filled their ad inventory, so they would be content to maintain the current ad pricing.
Given that the merged entity’s market share would easily surpass the 40% mark in several markets, RIL and Disney are proposing a number of measures, including a tariff freeze and the closure of certain weaker channels in Hindi and regional markets.
CCI Keeping a Close Eye on the Developments
In its investigation into the proposed INR 70,000 crore merger between Viacom18 and Star India, the CCI is raising concerns about possible antitrust violations and challenging the companies’ monopolies in the television and online video markets.
It is looking into whether the planned merger will give Star-Viacom18 an unbeatable competitive advantage by consolidating important cricket rights.
In India, cricket crosses demographics like age, income, and language to become the most watched show overall. Its premium ad prices are unmatched by any other genre.
According to an expert in the field, the merging company’s negotiating power with advertising would be its greatest strength because of its market domination.
Claiming that the Star-Viacom18 merger would not substantially affect competition in the M&E market, RIL and Disney applied for clearance from the CCI in May.
The Merger’s Deal
To establish a media conglomerate with more than one hundred television channels and two streaming platforms, Disney+ Hotstar and JioCinema, RIL and Disney signed arrangements in February to merge Star and Viacom18. This will result in the creation of a media superpower. JioCinema seems to be the only streaming platform that the merged firm is likely to keep.
At the end of the joint venture, Bodhi Tree Systems, an organisation that is sponsored by Uday Shankar and James Murdoch, will keep the remaining interest. RIL will manage the joint venture with a 56% stake, followed by Disney with a 37% stake. On an annual basis, the combined entity would generate approximately INR 25,000 crore in revenue.
Shankar will have the position of vice chairperson, while Nita Ambani would serve as chairman of the combined firm.
According to a media report, Reliance Industries (RIL), the parent company of Star-Viacom18, is considering limiting itself to JioCinema as its only over-the-top (OTT) platform following the merger, subject to regulatory approvals.
RIL is considering over a combination between Disney+ Hotstar and JioCinema, even though the former has more downloads.
Star India’s streaming service, Disney+ Hotstar, is owned by Walt Disney, whilst Viacom 18, which is controlled by RIL, owns JioCinema.
The Future Strategy
With the acquisition of Star and Viacom18, RIL and Walt Disney planned to construct a $8.5 billion media conglomerate in the coming months. The giant would have had more than 100 channels and two streaming platforms.
The business is reportedly prepared to shut down channels in Hindi and regional markets in order to appease the Competition Commission of India (CCI) over worries about the market dominance of the projected Star-Viacom18 merger. Pending clearance from CCI and the National Company Law Tribunal (NCLT), the businesses are in a holding pattern.
Market Dominance
The average monthly reach of JioCinema was 225 million consumers, as indicated in RIL’s annual report. According to Sensor Tower, 333 million people used Disney+ Hotstar at least once a month in the fourth quarter of 2023.
When it was at its highest point, with entertainment like HBO and the Indian Premier League (IPL), Disney+ Hotstar had 61 million paid customers. In June, that number dropped to 35.5 million, a substantial decline.
Why This Merger Will Change the Entire Market Dynamics?
Viacom18, which is owned by RIL, had previously integrated its Voot brand over-the-top (OTT) platforms with JioCinema. As of now, Viacom18’s OTT offerings included Voot, Voot Select, and Voot Kids.
The transfer of JioCinema to Viacom18 was previously approved by the NCLT and included investments of INR 15,145 crore in Viacom18 from RIL and Bodhi Tree Systems.
When JioCinema and Disney+ Hotstar combine, it will become the leading streaming app in India with more than 125,000 hours of Hollywood, sports, and entertainment content.
The Indian Premier League (IPL) and other major cricket rights will also be held by it. Disney, HBO, NBCUniversal, and Paramount Global will also have content available.
“Record viewership of the Indian Premier League on JioCinema underscored our ability to scale up audiences on our digital platform in a short time,” RIL chairman Mukesh Ambani had stated in the company’s annual report.
Disney+, JioCinema, and Hotstar have reportedly been valued higher than the linear TV businesses of their parent firms, according to a recent media report. The valuation of Disney+ Hotstar was INR 16,040 crore, and a Viacom 18 affiliate received INR 24,186 crore for the transfer of JioCinema.
Television, Radio, Cinema, Newspapers, Magazines and internet-based Websites and Portals are all various arms of the Indian Media – among the oldest in the world. Out of the 880 satellite TV channels, more than 380 are news channels, several among them relaying current affairs 24×7.
However, a large number of media outlets and the country’s rich culture and ethnicity do not translate into a variety of news supply. Ironically, the media ownership concentration indicates the opposite and a significant trend towards the control of content and public opinion.
Value of Media and Entertainment Industry in India (2019-2024)
There is a strong connection between media, business and politics. Most of the leading media companies are owned by large conglomerates which are controlled by founding families with a vast array of business interests other than media.
The last few weeks’ news headlines have been bursting with consistent news of the hostile take-over of NDTV by the Adani Group. It seems to be a good place to begin delving into this seemingly bottomless pool of secretive allegiance of the media to its various counterparts.
New Delhi Television (NDTV)
Adani Group to Acquire a Majority Stake in NDTV
The news channel has been openly biased towards the Congress and notoriously anti-BJP in the recent past. It was a majorly held company between a few individuals and corporate groups – Radhika Roy, Prannoy Roy, RRPR Private Holding Ltd. and Oswal Greentech Ltd. The murky ownership of NDTV goes deeper with Radhika Roy being the sister of Brinda Karat, a Rajya Sabha MP from CPI(M). Abhay Kumar Oswal, the owner of Oswal Greentech Ltd., is the father-in-law of Congress MP Naveen Jindal. Prannoy Roy is the first cousin of Arundhati Roy – erstwhile winner of the Booker Prize for her book ‘The God of Small Things.’
A little over a decade ago, Prannoy and Radhika Roy, borrowed approximately INR 403 crore from Vishvapradhan Commercial Pvt. Ltd. (VCPL), in exchange for warrants allowing them to acquire approximately 29% stake in the news group. The Adani Group acquired VCPL and exercised those rights. In accordance with Indian Regulations, the group put forth an open offer to purchase 26% more from existing shareholders, giving them an opportunity to exit. Adani Group stands to acquire more than a 55% stake in the popular news network, NDTV if the two-pronged strategy succeeds.
Network18 Media and Investments Limited
Formerly known as SGA Finance and Management Service and Network18 Fincap Limited, passed ownership a couple of times and also went through a restructuring and founded a subsidiary called Global Broadcast News (GBN). A series of losses between the years 2008 and 2010 with existing debts drained the company’s funds. In an effort to mitigate its financial losses, the company began restructuring and consolidating its assets. Their efforts proved futile as, after 2011, it faced possible financial collapse and loss of control for its managing director Raghav Bahl. By September 2011, the company had accumulated a debt of INR 1400 crores and was on the lookout for external financing to bail itself out. Reliance Industries Ltd. (RIL) entered into a partnership with Network18 and infused funds through Independent Media Trust.
Over the next couple of years, through a series of business dealings and manoeuvring, RIL succeeded in gaining total control over Network18 Media and Investments Ltd.
Network18 Owned by Reliance Industries Limited
It is assumed, that the main reason behind RIL gaining control over Network18 was the network’s incessant coverage of Arvind Kejriwal and his allegations against RIL supremo, Mukesh Ambani over the irregularities in the pricing of natural gas in the Krishna-Godavari Basin. No charges were filed, however, and RIL denied the allegations vehemently.
Today, Reliance Industries Ltd., through Network18 Media and Investments Ltd., owns TV18 Broadcast, Web18 Software Services, Network18 Publishing and Capital18. Through subsidiaries and franchise licensing agreements, the Network18 group owns and operates news broadcasting networks of News18, ETV and CNBC India channels, Forbes India and Overdrive magazines, Moneycontrol and Firstpost websites.
Contrary to popular belief, Republic TV and Republic Bharat are both owned and run by ARG Outlier Media Pvt. Ltd, allegedly funded by Rajeev Chandrashekhar. He is the Bhartiya Janta Party member of parliament in the Rajya Sabha and the vice-chairman of the Kerala Wing of the National Democratic Alliance. The general belief is that Republic TV and Republic Bharat are both owned by anchor Arnab Goswami.
India News
This media news channel is owned by former Congress leader Venod Sharma’s son Karthikeya Sharma. Karthikeya Sharma is the brother of Manu Sharma who has been sentenced to life imprisonment for the murder of Jessica Lal. Karthikeya Sharma is the owner of ITV Media group operating many news channels including News X.
Times Now
The giant Times Group, owned by Bennett, Coleman and Company Limited, is one of the most powerful and influential media houses in the country. It owns Times of India, Navbharat Times, Mid-Day, Stardust, Femina, Vijaya Times, Vijaya Kannada and Times Now News Channel. A major share in the company is owned by an Italian Robertio Mindo, who is a close relative of Sonia Gandhi.
The reason for the foray into the news space by large conglomerates is for the edge that it gives their companies. The acquisition of Network18 by RIL was one of the first corporate takeovers of a news media channel. With RIL’s deep interest in the energy sector, this move was considered a part of a trend of growing commodification of information, detrimental to the treatment of journalism as a public service.
The reason for these flourishing monopolies can be fairly laid at the door of non-existent laws and regulations that prevent:
Horizontal monopolies specific to the media industry
Cross-media ownership and vertical integration in the media
Disclosure norms for media ownership
Media monopolies not linked with a lack of freedom of speech
In the absence of strict laws, media in India is self-regulated by News Broadcasters Association and Indian Broadcasting Foundation which lays down guidelines, rather than rules.
Conclusion
The political affiliations of media channels prior to corporate takeovers have already travelled the path of misinformation, selective information and commodification of information. As one of the biggest media markets in the world, Indian media ownership and control in the hands of a few reflects its inability to report with objectivity and without bias. Be it political, business, religious or any other type of affiliations, journalism needs to be free and clear of such loyalties or biases to be truly a public service, working only for the public interest at large.
FAQs
Which is the most-watched news channel in India?
According to Reuters Institute at Oxford University’s latest report, NDTV 24X7 is the most-watched news channel in India.
Who is taking over NDTV?
AMG Media Networks, a subsidiary of Adani Group bought Vishvapradhan Commercial Pvt. Ltd. (VCPL) in exchange for warrants allowing them to acquire approximately 29% stake in NDTV. Adani Group has also announced an open offer to acquire a 26% additional stake in NDTV.
It is pretty apparent that Indians love cricket, and millions of Indians look forward to this specific cricket event every summer. And if you’re a fellow cricket lover, you’ll understand what we’re talking about. The Indian Premier League, or IPL, is one of India’s most popular cricket tournaments. Fans look forward to seeing their favorite cricketers from across the world compete in teams.
The event is grand, and advertisers invest millions of dollars in it. But the main attraction before the event is the auction of players. Team owners spend so much money to get the most suitable players for their teams. Fans also observe this auction very carefully as it makes or breaks their favorite teams.
These club owners place bids for the players they desire, and if the player is popular or trendy, the costs might skyrocket. On the 12th and 13th of February, the IPL auction took place in Bangalore. The occasion was spectacular, and all of the team owners attended. When their favorite players were selected by their beloved teams, the supporters were ecstatic.
Let’s take a look at how many teams are present this year, as well as all of their owners.
Let’s start the list with one of the most popular teams in the game, Mumbai Indians. As the name suggests the team is based in Mumbai, Maharashtra. Mumbai Indians is a team completely owned by the Reliance Industries Ltd.Mukesh Ambani and Neeta Ambani bought Mumbai Indians in 2008. The team has won a lot of matches and has a massive fan following. The massive fan base stems from the renowned record of successful tournaments as well as the great players associated with it, such as Sachin Tendulkar, Malinga, Rohit Sharma, and others.
Chennai Super Kings
Owners: India Cements, Sharda Logistics, LIC, Radhakishan Damani, and Non-Promoter Group
Chennai Super Kings
The Chennai Super Kings are one of the most popular teams in the country, with major stars like MS Dhoni, Raina, Bravo, and a slew of others. This year, the squad has five owners and has become India’s first unicorn sports team. The team is 54.6% owned by India Cements, 30.1% by Sharda Logistics, 6.9% by LIC, 6% by Radhakishan Damani, 2.4% Non-Promoter Group.
Kolkata Knight Riders
Owners: Red Chillies Entertainment & Mehta Group
Kolkata Knight Riders
Kolkata Knight Riders also known as KKR, is a team based in Kolkata, West Bengal. The team is known for their catchy phrase in Bengali, ‘Korbo, Lorbo, Jeetbo Re’. The team is owned 55% by Shah Rukh Khan’s Red Chillies Entertainment and 45% by Juhi Chawla and husband Jay Mehta’s Mehta Group.
Royal Challengers Bangalore
Owner: United Spirits Ltd.
Royal Challengers
The team, commonly referred to as RCB, is a force to be reckoned with in terms of talent. Many great names are associated with it, however, they are sometimes referred to as “underachievers” owing to some of their poor performances. United Spirits established the team, which is named after their well-known liquor brand Royal Challenge. The squad has a large fan base, and when it comes to games, the fans are incredibly enthusiastic and dedicated. The team is completely owned by United Spirits Ltd.
Rajasthan Royals
Owners: Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, and RedBird Capital
Rajasthan Royals
This team is known for buying unknown or less popular cricketers who have never played in such events. The management of the Royal Challengers is known to help upcoming cricketers become well-known faces. Most fans adore this quality of their favorite team. The team is owned by five different owners. The owners are Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, RedBird Capital.
Owners: Dabur, Wadia Group, Preity Zinta, and Apeejay Group
Punjab Kings
The franchise is based in Mohali, Punjab, and was previously known as Kings XI Punjab. The squad has a sizable fan base. At the time, the team is owned by four separate entities. The team is owned 46% by Dabur, 23% by Wadia Group, 23% by Preity Zinta and 8% by Apeejay Group.
Sunrisers Hyderabad
Owner: Kalanithi Maran
Sunrisers Hyderabad
The team is based in Hyderabad, Telangana, and debuted in the IPL in 2013. The team was launched in 2012 after the IPL canceled the Hyderabad-based Deccan Chargers. Sunrisers replaced Deccan Chargers due to the bankruptcy of the Deccan Chronicles. Kalanithi Maran of the Sun TV Network owns the new Hyderabad-based team.
Delhi Capitals
Owners: GMR Group and JSW Group
Delhi Capitals
The Delhi Capitals, formerly known as the Delhi Daredevils, first competed in the IPL in 2021. The squad has always been chastised by its fans for its dismal performance in previous competitions prior to the name change. However, they have done well in the previous two tournaments. They put up a fantastic show and finished at the top spots of the point table. GMR Group owns half of the corporation, while JSW Group owns the other half.
The Ahmedabad, Gujarat-based team, which was founded in 2021, will compete in its debut tournament this year. Hardik Pandya will head the team, which will be coached by Ashish Nehra. The franchise is owned by CVC Capital, and the fans are thrilled to have a new team to look forward to.
Lucknow Super Giants
Owner: RPSG Ventures Ltd.
Lucknow Super Giants
The team was created in 2021, and its debut event will be held in 2022. It’s a team from Lucknow, Uttar Pradesh. KL Rahul is the captain this year, while Andy Flower is the team coach. The team is owned by RPSG Ventures Ltd. The supporters are ecstatic to have a new team to support.
Conclusion
The Indian Premier League, or IPL, is one of the country’s most popular cricket tournaments, with a large fan following. Teams are worth millions of dollars to companies and businesses. The better the players, the better the team and the higher the brand value, which is why the owners take the bidding process seriously and attempt to acquire as many strong players as possible. The auction is always exciting to watch, and fans are eager to see which players are assigned to which teams.
FAQs
Who has scored the fastest 50 in IPL?
KL Rahul has scored the fastest 50 in 2018. He faced 14 balls and made 51 runs.
Why did CSK leave the IPL for 2 years?
The team was suspended from the IPL for two years beginning in July 2015 owing to their owners’ participation in the 2013 IPL betting case.
Is IPL under the BCCI?
Yes, IPL was founded by the BCCI in 2007.
Who is the owner of Mumbai Indians IPL team?
Mumbai Indians IPL Team is owned by Reliance Industries group – Mukesh Ambani, Nita Ambani along with son Akash Ambani.
Which IPL team has the highest brand value?
Chennai Super Kings has the highest brand value with the highest fan following.
Who is the richest IPL Team owner?
Mukesh Ambani is the richest IPL Team owner who owns Mumbai Indians IPL Team.
In April 2020, Reliance Industries Ltd launched JioMart, an e-commerce website on the Jio platform. JioMart is an online grocery shop that delivers 50,000+ grocery items at a discount to your home via a fast delivery system. It is based on a demand-driven model. The website began operations in Thane, Kalyan and Navi Mumbai and eventually expanded throughout India. Customers responded positively to the service, and the firm is currently expanding its presence in other Indian cities and villages. JioMart has developed a digital pan-India infrastructure in collaboration with local Kirana stores and its retail outlets.
Instead of employing a warehouse infrastructure, the firm works with local shops. The grocery goods are sourced by these shops and delivered to the customers.
Reliance plans to compete with existing grocery platforms in India, such as Swiggy, BigBasket, Zomato, Grofers, and others, via JioMart. Some interesting facts regarding the e-commerce platform are listed below.
JioMart, unlike its competitors Flipkart and Amazon, does not stock its items in massive warehouses. To supply merchandise, they have partnered with local retailers or Kirana stores.
Jiomart Selling Platforms
JioMart Grocery Shopping Platform
Fresh fruits and vegetables, groceries, snacks, drinks, home & household basics, beauty & hygiene, and infant care are just a few of the supermarket items available at JioMart.
You may purchase and order things using the Jiomart website and app. Previously, Jiomart teamed with Mark Zuckerberg through Facebook-owned WhatsApp, and the two companies joined together to improve JioMart’s service and reach out to WhatsApp customers. Users may submit orders over Whatsapp, which would make it easier for clients who are not comfortable using digital platforms to shop from JioMart. As a result, the service became much more user-friendly.
How Does Jiomart Work With Retailers?
Jiomart links with local businesses and delivers items to clients by obtaining them from the closest store in the customer’s neighbourhood. To place the order, the consumer will utilise their official WhatsApp number.
The user will get a bill that must be paid in cash after confirmation. When the order is ready, the client will be notified and instructed to pick up the order from the store.
Any retailer can easily be a seller at JioMart. To become a vendor on JioMart, a retailer must first register. Store owners may use the JioMart app to display their inventory, take orders, make deals, and manage online sales after registering. JioMart would make sure that vendors using its platform have a pleasant selling experience. Retailers will be provided with the necessary assistance to ensure that items are delivered to customers promptly.
Why Is Jiomart Such a Strong Competitor?
In comparison to competitors such as Amazon, Jiomart provides lower costs to merchants and has a significantly greater portion of the distribution pie. JioMart, unlike other e-commerce platforms, works with small businesses. It serves as a distributor, distributing items to merchants and fulfilling orders for JioMart through its small shop network.
JioMart presently delivers 250,000 orders every day, and the e-commerce site has ambitions to expand into electronics and other categories shortly. At the moment, JioMart is offering all food goods at a discount of 5% off the MRP. It is even less expensive than Amazon, Flipkart, Zomato, and Swiggy. JioMart also provides a larger selection of items than other e-commerce sites and no order limits.
The firm has a 5% organised segment share in fashion retail, which is more than 50% greater than competitors like Aditya Birla Fashion (ABFRL).
Jiomart’s Features
Every e-commerce site has a minimum order requirement to qualify for free delivery. However, Jiomart has no such need. According to the firm, there is no minimum order for free home delivery. The firm plans to deliver orders placed on Jiomart within one to two hours, with large purchases arriving the same day or the following day. Every product on JioMart has a minimum discount of 5% and can go up to a maximum value of 50%.
The firm should accept things returned without inquiry, making the service more customer-friendly.
Mukesh Ambani’s Jiomart Aims
JioMart was not an impulsive action by Mukesh Ambani but rather a well-thought-out strategy to grab the lucrative e-commerce market. By 2021, the domain is expected to be worth $1.2 trillion. His superb effort reflects his aim to compete with global e-commerce behemoths like Amazon and Flipkart, controlled by Walmart.
Jiomart Supported through Reliance Aquisitions
Reliance Acquisition Supported JioMart
In 2019, JioMart was supported by the Reliance acquisitions of Grab A Grub and C-Square.
Grab A Grub is a logistics firm based in India that was formed in 2013. It was purchased for $14.9 million in March 2019 by Reliance Industrial Investments and Holdings Limited to assist Jio Mart logistics. Grab was selected because it has a track record of success with mega-brands, including McDonald’s, BigBasket, Myntra, Amazon Now, and Swiggy.
C-Square Info Solutions Private Limited, created in 2002, offers software solutions for e-commerce, retail, salesforce, and other industries. RIIHL purchased it in March 2019 for $11.56 million. RIL made this strategic decision to boost JioMart’s business strategy.
Jiomart’s Business Strategy
The Chinese e-commerce giant Alibaba Group Holding Ltd pioneered Jiomart’s business strategy. It offers online to offline model (O2O). A user looks for a product or service online but purchases it through an offline channel under the O2O model.
Jiomart’s Competitors
Because of its massive success, Ambani’s Jio cellular service pushed a lot of other cellular networks on the verge of going out of business. This might be the case for Ambani’s current endeavour, as well as all of its competitors.
JioMart may have Amazon and Flipkart on its radar, but in its current form, the firm will be a bigger nuisance for Grofers and BigBasket, India’s leading grocery delivery companies- Swiggy and Zomato, too, have just entered the grocery delivery market in India.
Conclusion
With the advent of the largest player in the Indian industry, incumbent grocery delivery businesses face a major challenge. JioMart has various advantages over its competitors, in addition to having a well-known brand name.
Jio’s entry into the telecom industry sparked a revolution and changed the tables. Big names like Airtel and Vodafone, who had ruled for years, were knocked off their perches. It remains to be seen if Jio will be the market leader in online grocery delivery.
FAQs
Who is the founder of JioMart?
JioMart is a product of Reliance Industries, owned by Mukesh Ambani.
When was JioMart launched?
JioMart was launched in areas near Mumbai in April 2020. It was successfully launched in 200 cities in May 2020.
Can non Jio users use JioMart?
Yes, JioMart can be used by non Jio customers.
What is JioMart model?
JioMart works as O2O model (Online to Offline model) where users can order online and order gets delivered offline.
Reliance Industries which is led by Mukesh Ambani has recorded a rise in its profit of up to 35%. Reliance is one of the leading companies in the oil and telecom sector in the country. The telecom sector has been growing under the brand name Jio and had created a disruption in the market at the time of its launch. Let’s look at the financial results of Reliance Industries for the end of the financial year 31 March 2021 and the reason for the rise in profits.
Reliance Industries is an Indian based multinational conglomerate. The company was founded in the year 1973 and has its headquarters located in Mumbai, India. The company provides services across the globe and is the largest publicly traded company in India.
Some of the products and services of Reliance Industries include Petroleum, Natural Gas, Textiles, Petrochemicals, Telecommunications, Retail, Television, Media, Entertainment, Financial services, Music and Software.
Reliance Industries owns a lot of subsidiaries which include Jio Platforms, Reliance Retail, Jio Payments Bank, Reliance Petroleum, Alok Group, Network18 Group, Reliance Foundation and the IPL team Mumbai Indians.
Reliance Industries which is an oil to telecom conglomerate reported a rise in its profit for the end of the year which ended on 31 March 2021 of about 34.7 % increase at INR 53, 739 crores. The company led by Mukesh Ambani had seen a net profit of around INR 39, 880 crores at the end of the previous financial year 2020.
The revenue generated by the company for the FY21 is around INR 5.39 lakh crore which is around 18.3 % lower than INR 6.60 lakh crore. Total income of the company reviewed under the fiscal fell around 20% from INR 6.26 lakh crore to INR 5.03 lakh crore which was recorded at the fiscal which ended on 31 March 2020.
This was conveyed by Reliance Industries on 30 April 2021 during a Regulatory filing. There was also a decline of around 4.6 % in the FY 21 in the Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of the company which stood at INR 97, 580 crores.
The cash profit for the fiscal under review has seen an increase of around 18.8 % which stood at 79, 828 crores.
The net profit of the company for the March quarter of FY 21 had seen an increase of around 129 % year on year from INR 6, 546 crores to INR 14, 995 crores. The revenue for the quarter had also seen an increase of around 13. 62 % compared to the previous year from 1.52 lakh crore to 1.72 lakh crore for the current year.
The EBITDA of the company during the March quarter of FY21 saw an increase of 1.9 % month on month which was around 26, 602 crores. The cash profit of the company had seen a rise of around 6.5 % for the quarter ended on 31 March 2021 which is INR 22, 746 crores.
Reliance Industries had said that its non-convertible debentures (NCDs) outstanding as of 31 March 2021 were around INR 66,665 crore in which INR 13,351 crores are secured non-convertible debentures.
Reliance further added that the secured non-convertible debentures of the company which is recorded at INR 13,351 crores for the year ended 31 March 2021 are secured through movable properties by the way of its first charge.
Mukesh Ambani who is the chairman of Reliance Industries conveyed that they have seen a vigorous growth in the O2C and retail segment of the business and a strong growth in the Digital Services in their business.
The growth of O2C earnings was supported through the sustained high utilization rates across sites, transportation fuel margins as well as improvement in downstream products deltas. He added that during these challenging times the consumer business of Reliance Industries has proved to be a physical and digital lifeline for the nation.
FAQ
What is the annual profit of Reliance Industries?
The annual profit of Reliance Industries is 1,15,461 CRORE.
How many companies Mukesh Ambani have?
Mukesh Ambani have 7 companies under him.
Is Jio under Reliance Industries?
Yes, Reliance Industries wholly owns subsidiary of Reliance Jio Infocomm.
Conclusion
Mukesh Ambani-led Reliance Industries has added around 75,000 jobs during the Covid pandemic while ensuring the health and safety of the employees. Reliance Industries also announced a dividend of INR 7 per share.
