StartupTalky

Tag: reliance industries

  • Anant Ambani: The Green Business Heir And Animal Advocate With A Golden Heart

    Anant Ambani, the youngest scion of the Ambani legacy, is a unique blend of ambition, compassion, and resilience. Anant’s journey has captured both the business world and the public eye, with his love for animals and his innovative role in Reliance’s next-generation ventures. From a challenging health voyage of severe asthma to his grit and transformational involvement in Reliance’s green energy vision, Anant’s story is one of personal evolution and sustainable drive.

    While he may be the youngest of the Ambani siblings, his dedication to environmental causes and his growing influence in the business world make him a force to be reckoned with. Through his vision for a sustainable future, Anant, through his leadership, has turned Reliance’s New Energy towards a greener future, aligning with India’s environmental goals.

    As a key figure in Reliance Industries, he’s not just a beneficiary of a family legacy but an active participant in shaping its future. With a heart as vast as the wilderness he champions, Anant Ambani is emerging as a unique voice in the world of business and philanthropy.

    In this StartupTalky story, let us learn about Anant Ambani’s ambitious vision for animal shelter and renewable energy, his personal life, education, and philanthropy reflecting both a deep-rooted legacy and an innovative future. 

    Anant Ambani: Biography

    Name Anant Mukesh Ambani
    Born April 10, 1995
    Nationality Indian
    Hometown Mumbai
    Education Dhirubhai Ambani International School, Mumbai
    Brown University, The United States
    Profession Managing Director, Reliance New Solar Energy Limited
    Director on the Boards, Jio Platforms Limited
    Director on the Boards, Reliance Retail Ventures Limited
    Director on the Boards, Reliance New Energy Limited
    Director on the Boards, Reliance Industries
    Director on the Boards, Reliance Foundation
    Net Worth $40 billion
    Spouse Radhika Merchant
    Parents Mukesh Ambani
    Nita Ambani
    Siblings Isha Ambani
    Akash Ambani

    Anant Ambani: Early Life and Education
    Anant Ambani: Career
    Anant Ambani: Personal Life
    Anant Ambani: Philanthropy
    Anant Ambani: Criticism & Controversies
    Anant Ambani: Awards And Recognition

    Anant Ambani: Early Life and Education

    Anant Ambani is the youngest born to business tycoon Mukesh Ambani and Nita Ambani on April 10, 1995. He is the youngest of three siblings, the elder sister Isha Ambani, and brother Akash Ambani. Raised in one of India’s wealthiest families, Anant’s upbringing is marked by privilege, responsibility, and spirituality, as he was introduced to the foundations of his family’s vast business empire early on.

    Anant attended Dhirubhai Ambani International School in Mumbai. After completing his primary and secondary education here, he went on to pursue higher studies in the United States, attending Brown University in Rhode Island. 

    Anant’s early life involved many health challenges, as he struggled with chronic asthma. This led to a noticeable weight gain due to the heavy antibiotics, steroids, and other medications.

    Mukesh Ambani: Architect of Reliance’s Global Empire | Net worth | Education | Family | Achievements | Philanthropy
    Explore the inspiring journey of Mukesh Ambani, the visionary leader behind Reliance Industries. Discover how he transformed India’s business landscape and became one of the world’s richest individuals. Learn about his education, personal life, net worth, Reliance Industries, achievements, and more.
    StartupTalkySakshi Jadhav

    Anant Ambani: Career

    After graduating from Brown University in the USA, Anant returned to India and joined Reliance Industries in 2019. Initially, Anant worked alongside his siblings Akash and Isha under the mentorship of their father. By 2022, Anant was chosen as Director of Boards for Jio Platforms Limited, Reliance Retail Ventures Limited, Reliance Industries, and Reliance Foundation. 

    In 2021, Anant was entrusted with overseeing Reliance’s ventures into solar energy, hydrogen production, and battery technology. In 2022, under Anant’s leadership and innovative ideas, Reliance New Energy diversified to ‘Green Hydrogen Fuel’ as a clean energy source. He played a crucial role in setting up giga factories for solar panel production, battery manufacturing, and fuel cell research in Gujarat. In 2023, Anant was appointed the Director of Boards for Reliance New Energy Limited. 

    Under Anant’s influence, the company has embarked on several initiatives aimed at enhancing operational efficiency and sustainability. His strategic insights and forward-thinking approach have been instrumental in driving Reliance’s expansion into emerging markets, further solidifying its position as a global leader.

    Anant Ambani: Personal Life

    Anant Ambani Family
    Anant Ambani Family

    Anant Ambani was married to Radhika Merchant, daughter of Viren Merchant and Shaila Viren Merchant, on 12th July 2024. Theirs was the third grand wedding in India, with celebrations lasting for seven months. The wedding festivities were split between Gujarat and Mumbai and were one of the most talked-about events, attended by global celebrities, business tycoons, and political figures. 

    In March 2024, Anant and Radhika’s pre-wedding festivities took place in Jamnagar, Gujarat. The grand three-day celebration was held at RIL township in Moti Khavdi Village, sparkled by Hollywood artists like Rihanna and magician David Blaine.

    Anant is known to be passionate about sports, particularly cricket, and supports multiple domestic and international cricket events through the Reliance Foundation. He also plays a key role in managing the IPL’s Mumbai Indians cricket team, owned by the Ambani family. He often attends matches and is actively involved in the strategic management of the team alongside his mother, Nita Ambani.

    Anant has a penchant for luxury watches and has a massive collection that includes some of the most prestigious brands in the world, including Patek Philippe, Audemars Piguet, Rolex, and Richard Mille. Despite being the son of India’s richest man and being a billionaire himself, Anant is a spiritual, humble, and grounded person with a strong focus on family and legacy. 

    Anant Ambani: Philanthropy

    Anant is involved in various philanthropic initiatives through the Reliance Foundation, led by his mother, Nita Ambani. He is specifically passionate about animal welfare and has established ‘Vantara’, a 3000-acre animal rescue center in Jamnagar, Gujarat, a project very close to Anant’s heart. Due to his profound knowledge and interest in wildlife conservation, Anant is recognized as the ‘walking encyclopedia of animals.’ 

    Through ‘Vantara’, Anant aims to rehabilitate abused and endangered animals by providing advanced healthcare facilities, research centers, and academic institutions. Under Anant’s vision to protect animals, Vantara has collaborated with organizations such as the International Union for Conservation of Nature (IUCN) and the World Wildlife Fund for Nature (WWF).

    To lay emphasis on education for all, Anant supports many education-related programs held by the Dhirubhai Ambani International School in Mumbai. Under this initiative, the school offers scholarships to underprivileged children and emphasizes holistic development alongside academic excellence. 

    During COVID, Anant Ambani was actively involved in Reliance’s extensive relief efforts to set up India’s first dedicated COVID-19 hospital in Mumbai. This helped the frontline workers with PPE kits and provided the latest medical equipment to help the public. 

    Anant is known for his deep spiritual beliefs and makes massive donations to various temples in India. He has been seen making pilgrimages and participating in various religious ceremonies. Anant has recently donated a 20-kilogram gold crown worth $150 million to Mumbai’s famous Lalbaug Cha Raja Ganpati under the Reliance Foundation. 

    Apart from this, Anant’s wife, Radhika, who is also a trained classical dancer, is also engaged in promoting art for underprivileged individuals and other social impact ventures. Anant and Radhika’s role as philanthropists emphasizes on their commitment to bringing a positive change in society and uplifting underprivileged societies. 

    Isha Ambani: Business, Legacy, and Leadership | Personal Life | Education | Reliance
    Isha Ambani is a business leader and the daughter of Mukesh Ambani, playing a key role in Reliance Industries. Learn about her education, achievements, and contributions to India’s corporate landscape.
    StartupTalkySakshi Jadhav

    Anant Ambani: Criticism & Controversies

    Anant Ambani has on most occasions maintained a low-profile public image; however, given the fame of the Ambani family, he has occasionally been brought to the spotlight in negative form. 

    1. Weight Loss Journey: Anant has faced a lot of criticism on his weight. In 2016, when he underwent a major weight loss transformation, it did attract a lot of media coverage. While his journey was largely praised, many raised questions about the extreme measures and medical treatments that were taken. 

    2. Wedding with Radhika Merchant: Anant and Radhika’s wedding also faced a lot of criticism and social media discussions on the opulence associated with the Ambani family. The spark arose when, during the wedding festivities, Jio increased their call rates and data charges. 

    3. Concerns About Alleged Privilege in the Business Sphere: As Anant prepares to take on a larger role in Reliance’s New Energy sector, some critics have speculated about his potential influence given the Ambani family’s impact on Indian business and policy. 

    Anant Ambani: Awards And Recognition

    Anant Ambani has been awarded with the following awards:

    • Honorary Membership of Lalbaug Cha Raja Sarvajanik Ganesh Utsav Mandal. 
    • Member of the Badrinath-Kedarnath Temple Committee, appointed by the Uttarakhand Chief Minister TS Rawat in March 2019.

    Akash Ambani: From Legacy To Leadership, A Visionary Architect Beyond Billions | Education | Personal Life
    Explore the biography of Akash Ambani, Chairman of Reliance Jio and son of Mukesh Ambani. Discover his educational background, career journey, and role in shaping India’s digital landscape.
    StartupTalkySakshi Jadhav

    FAQs

    Who is Anant Ambani?

    Anant Ambani is the youngest son of Mukesh Ambani, the chairman of Reliance Industries, one of India’s largest conglomerates. Known for his role within the family business, Anant is gradually taking on responsibilities in various sectors of Reliance Industries, particularly focusing on the group’s newer ventures, like clean energy and green technology.

    Who is Anant Ambani wife?

    Radhika Merchant is the wife of Anant Ambani. They got married in a lavish ceremony held from July 12 to July 14, 2024.

    What is Anant Ambani education?

    Anant Ambani finished his schooling at Dhirubhai Ambani International School in Mumbai. He then went on to study at Brown University, an Ivy League school in Rhode Island, USA.

  • Trishneet Arora: Leading the Charge in the Global Fight Against Cybercrime

    Trishneet Arora is an Indian Entrepreneur, Ethical Hacker, and Author. He is the Founder and Chief Executive Officer (CEO) of the cyber security company, TAC Security Solutions. He has written several books based on cyber security, ethical hacking, and web defense. He was bestowed with the Entrepreneur of the Year award in 2020 by the Entrepreneur magazine in the Security Services Category.

    He was named in the Fortune 40 Under 40 2019 list of India’s Brightest Business Minds. He was listed in the Forbes 30 Under 30 2018 Asia list. He is profoundly known as Mark Zuckerberg of India and is highly praised for what he has achieved in his tender 20s. Moreover, his company is predicted to achieve a $1 billion net worth in the next year. With Trishneet Arora’s net worth of around INR 1100 crore at the age of just 30, let’s look at how Trishneet’s journey has been from a middle-class family to get into the esteemed Forbes List.

    Learn more about Trishneet Arora, his net worth, education, family, TAC Security, and more from this article. This story of Trishneet Arora will surely spark some inspiration & dedication in many!

    Trishneet Arora – Biography

    Name Trishneet Arora
    Born 2 November, 1993
    Birthplace Ludhiana, India
    Nationality Indian
    Profession Entrepreneur; Ethical Hacker; Author
    Position Founder, Director & CEO, TAC Security
    Net Worth INR 1,100 crore (2024)

    Trishneet Arora- Journey From a Middle Class Family to Forbes List
    Trishneet Arora- Personal Life
    Trishneet Arora- Education
    Trishneet Arora- Professional Life
    Trishneet Arora- CEO of TAC Security
    Trishneet Arora- Success Story
    Trishneet Arora- Honors & Awards

    Trishneet Arora- Journey From a Middle Class Family to Forbes List

    Trishneet Arora Net worth, Biography
    Trishneet Arora Story

    Trishneet Arora- Personal Life

    Trishneet was born in Ludhiana, Punjab, India. He came from a middle-class family. He had no background in computer engineering or so in his family. His parents were not happy with his studies as he was solely interested in the technical knowledge of computers and hardly liked the theoretical structure of school education. His passion grew from playing video games to cordially understanding the hardware of the system.

    Trishneet Arora- Education

    Trishneet had no interest in the formal structure of school education. He failed in standard 8th but his technical knowledge led him to cross a milestone in his professional career. Not much is known about his further education and qualifications.

    However, his fascination for computers did not let him focus anywhere else. He focused only on learning new computer skills and techniques. Gradually, he became fascinated with ethical hacking. He read international books that helped him to learn the required knowledge of computers and hacking.

    Trishneet Arora- Professional Life

    He has conducted several training sessions with the officials and helped the Punjab and Gujarat Police in investigating cyber crimes. Reliance Industries, Central Bureau of Investigation, Punjab Police, and Gujarat Police are some of his crucial clients.

    He is a cyber security expert and is also famous for authoring books like The Hacking Era, Hacking TALK with Trishneet Arora, and Hacking with Smart Phones. He held countless seminars, lectures, and workshops based on technical manuals throughout his career.

    At age 19, he started his own cyber security firm, TAC Security Solutions. The famous filmmaker Sunil Bohra is working on a biographical film based on the life of Trishneet Arora. The film is expected to be released soon with Hansal Mehta as the Director of the movie.

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    Trishneet Arora- CEO of TAC Security

    Trishneet serves as the Founder and CEO of TAC Security, headquartered in Mumbai, India. He founded the cyber security firm on 27 February 2013. The company has worked with Fortune 500 companies. It is considered one of the Empanelled Cyber Security Auditors for the Union Government, that manages UPI and NPCI.

    Trishneet Arora - TAC Security
    TAC Security

    The company offers protection to corporations against data theft and network vulnerabilities. It primarily provides vulnerability assessment and penetration testing services. He also asserted that there have been innumerable attacks against different portals of his company.

    The venture has four office locations across two countries. It also offers cyber security to various Indian companies including Reliance Industries. TAC Security raised Pre-Series “A” funding from Indian Investor Vijay Kedia in 2016. Before that, the firm had inducted the former Vice President of Cognizant, Subinder Khurana on its board.

    In June 2021, Tech Mahindra announced a partnership with Trishneet Arora’s cybersecurity firm, TAC Security. The partnership will leverage AI and user-friendly analytics to help reduce vulnerabilities across the entire IT stack to safeguard clients’ applications and infrastructure against cyber threats.

    Along with Tech Mahindra, TAC Security has partnered with 21 global partners from 9 countries, including Google, IBM, and Deloitte. TAC Security’s revenue has 1.5 times in FY 21-22 from the previous year of FY20-21.

    Trishneet Arora- Success Story

    He started his career in the IT field as a Tech Instructor. He variably made a good network by conducting sessions at many places. He eventually got recognized and was recommended to companies and government organizations for providing training in IT infrastructure and data security issues.

    While continuing with the offered work, he knew that someday he would build a promising future with a well-established cybersecurity firm. His hard work and determination led to the formation of his company, TAC Security Solutions, in 2012.

    The Gujarat Police Department officials were impressed by Trishneet’s speech, which was delivered in 2013 and they invited him to conduct a workshop for their crime division. His journey of competing with the criminals while working on cybercrime for the law started henceforth.

    Recently, Trishneet Arora announced that he will offer jobs to Agniveers. Agniveers are the candidates who will enroll under the Agneepath Scheme of the central government of India. They will be given 4 years of training in the armed forces of their choice to fulfill the dream of joining the Indian Army and serving the nation.

    “Agniveers are an important asset to the society, our youth is the strength of the nation that would be an honour to give back, contribute and empower the youth. The people in reference are going to be empowered to be cyber warriors and we are grateful for their services so far,” – Founder and CEO of TAC Security, Trishneet Arora.

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    Trishneet Arora- Honors & Awards

    The cyber security company, TAC Security has won more than 100 Awards globally in FY 21-22 by Forbes, Fortune 500, and more. Trishneet Arora also got many awards for his entrepreneurship.

    • Ranked 6th Youngest Rich Indian on Hurun Rich List (2024)
    • Listed in the Forbes India Top 100 Great People Managers (2020)
    • Conferred with Entrepreneur of the Year award (2020)
    • Listed in the Fortune India’s 40 Under 40 (2019)
    • St. Gallen Symposium listed his name in Leaders of Tomorrow (2018)
    • Listed in the Forbes Asia 30 Under 30
    • GQ Magazine listed him in the 50 most influential young Indians (2017)
    • Received Punjabi Icon Award from PCHB (2015)
    • The Chief Minister of Punjab, Parkash Singh Badal conferred him with the State Award on the 65th Republic Day (2014)

    FAQs

    Who is Trishneet Arora?

    Trishneet Arora is an Indian Entrepreneur, Ethical Hacker, and Author. He is the Founder, Director, and Chief Executive Officer (CEO) of the cybersecurity company, TAC Security Solutions.

    How much is Trishneet Arora Net Worth?

    Trishneet’s net worth is INR 1100 crore (September 2024).

    What is Trishneet Arora’s Education?

    Trishneet had no interest in the formal structure of school education. He failed in standard 8th but his technical knowledge led him to cross a milestone in his professional career.

    Where is Trishneet Arora from?

    TAC security founder, Trishneet Arora is from Ludhiana.

    What is TAC Security Solutions?

    TAC Security is a global leader in vulnerability management that protects Fortune 500 companies, leading enterprises, and governments around the world.

  • Top 10 Indian Companies by Market Valuation in 2024

    India’s economy and entrepreneurial spirit have flourished in recent years, leading to the emergence of the top 10 companies by market valuation as the leaders of the country’s dynamic corporate landscape in 2024.

    These companies span various sectors and industries, showcasing their success and innovation and contributing to the country’s growth trajectory while influencing global markets.

    In this article, we will take a closer look at the top 10 companies in India by market valuation, exploring their diverse sectors, innovative strategies, and the factors that have contributed to their success.

    RANK COMPANY NAME MARKET CAP As of April 2024 (In Billion Dollars)
    1 Reliance Industries 237.76
    2 TATA Consultancy Services (TCS) 165.56
    3 HDFC Bank 147.70
    4 ICICI Bank 97.71
    5 Bharti Airtel 94.21
    6 State Bank of India (SBI) 88.31
    7 LIC India 74.12
    8 Infosys 71.21
    9 ITC 65.14
    10 Hindustan Unilever (HUL) 62.79

    Reliance Industries

    Founder DHIRUBHAI AMBANI
    Founded 1966
    Sector Multinational Conglomerate
    Reliance Industries - Top Indian Companies by Market Valuation
    Reliance Industries – Top Indian Companies by Market Valuation

    Reliance Industries Limited is recognized as India’s largest private-sector corporation that focuses on stakeholder-centric innovation and sustainable growth. Its motto is “Growth is Life.”

    Over the years, Reliance has transformed from a textile and polyester company to an integrated player across various energy, materials, retail, entertainment, and digital services, contributing significantly to India’s economic landscape.

    The company strongly believes in “What is Good for India is Good for Reliance”. It has positioned itself as a driving force behind India’s progress, especially in its commitment to self-reliance, sustainable growth, and embracing the new energy and digital-first future.

    Reliance’s approach to value creation is characterized by its commitment to move “Forward with India” and “Forward with Everyone,” ensuring that the benefits extend beyond shareholders.

    The company focuses on superior returns for investors, adherence to regulatory compliance, substantial contributions to the national exchequer, and extensive philanthropic initiatives through Reliance Foundation, thereby establishing itself as a responsible corporate citizen.

    Reliance aims to provide superior experiences for its vast customer base across various business verticals, supported by solid partnerships with suppliers and vendors, including MSMEs and domestic manufacturers.

    The company conducts its businesses ethically and respectfully, striving to uphold integrity and accountability in all endeavours. Reliance Industries Limited continues to shape India’s economic landscape while fostering a better future for all stakeholders through its relentless pursuit of excellence and commitment to societal well-being.

    TATA Consultancy Services (TCS)

    Founder J.R.D. Tata
    Founded 1968
    Sector Information Technology
    Tata Consultancy Services (TCS) - Top Indian Companies by Market Valuation
    Tata Consultancy Services (TCS) – Top Indian Companies by Market Valuation

    Tata Consultancy Services (TCS) is a well-known provider of IT services, consulting, and business solutions with a history of over five decades. TCS firmly believes that innovation and collective knowledge can bring a brighter future.

    It has been at the forefront of partnering with some of the world’s largest businesses and using technology to drive transformative change.

    At its core, TCS is committed to fostering enduring relationships and delivering sustainable outcomes that reflect a long-term view prioritising mutual growth. This commitment also extends to its corporate social responsibility initiatives.

    TCS endeavors to create more remarkable futures by connecting individuals to opportunities within the digital economy. TCS aims to contribute to a fairer and more equitable world for all, aligned with the values of its parent company, the Tata Group.

    TCS empowers organisations to thrive in the digital age with its diverse services. It offers comprehensive solutions tailored to meet the evolving needs of its clients, from harnessing the power of artificial intelligence and cloud technologies to enhancing cybersecurity measures and leveraging data analytics for informed decision-making.

    TCS’s expertise in consulting, cognitive business operations, IoT digital engineering, network solutions, sustainability services, and interactive experiences underscores its commitment to driving innovation and sustainability across various domains. 

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    HDFC Bank

    Founder Mr. Hasmukh Thakordas Parekh
    Founded 1994
    Sector Banking and Financial Services
    HDFC Bank - Top Indian Companies by Market Valuation
    HDFC Bank – Top Indian Companies by Market Valuation

    HDFC Bank Limited, known as HDFC, is one of the leading banks in India’s financial services sector, based in Mumbai. It was established in August 1994 and became the country’s largest private sector bank by assets, following the ‘in principle’ approval granted by the Reserve Bank of India (RBI) to its parent company, HDFC, as part of the liberalisation of the Indian banking industry.

    HDFC has a strong legacy in the private banking sector and boasts an impressive distribution network with 8,192 branches and 20,760 ATMs/Cash Recycler Machines spread across 3,836 cities and towns as of February 2024.

    The bank significantly emphasizes good corporate governance and has instituted a robust Corporate Governance Policy that serves as a guiding framework for managing and monitoring the bank in line with the principles of good corporate governance. HDFC Bank is committed to societal progress and champions empowerment through its social initiatives under the banner of ‘Parivartan.’

    Through Parivartan, the Bank endeavours to catalyze positive transformation in the lives of millions of Indians, focusing on contributing to the economic and social development of the nation by empowering its communities sustainably.

    These initiatives span a diverse spectrum, including rural development, education, skill development, livelihood enhancement, healthcare and hygiene, and financial literacy.

    ICICI Bank

    Founder World Bank, the Indian government, and the Indian business executives
    Founded 1994
    Sector Banking and Financial Services
    ICICI Bank - Top Indian Companies by Market Valuation
    ICICI Bank – Top Indian Companies by Market Valuation

    ICICI Bank Limited is a renowned Indian multinational bank and financial services provider. It is headquartered in Mumbai and has a registered office in Vadodara. It offers extensive services to corporate and retail clients through various delivery channels and specialized subsidiaries.

    These services include investment banking, life and non-life insurance, venture capital, and asset management. Over six decades, ICICI Group has played a vital role in fostering India’s economic growth and development, with a steadfast commitment to promoting inclusive growth. 

    For its exemplary commitment to corporate governance, ICICI Bank was awarded the ‘Best Governed Company Award’ by the Asian Centre for Corporate Governance & Sustainability in 2023. It also won the title of ‘Best Bank’ in the ‘Large Banks’ category at the esteemed 16th edition of the Mint BFSI Summit and Awards.

    With these accolades and its continued commitment to excellence and societal impact, ICICI Bank reaffirms its position as a trailblazer in the banking and financial services industry. It is driving progress and prosperity for its stakeholders and the nation.

    Bharti Airtel

    Founder Sunil Bharti Mittal
    Founded 1995
    Sector Telecommunication
    Bharti Airtel - Top Indian Companies by Market Valuation
    Bharti Airtel – Top Indian Companies by Market Valuation

    Bharti Airtel is a renowned telecommunications company that provides trusted ICT services globally. Headquartered in New Delhi, India, Airtel has a vast global network spanning the USA, Europe, Africa, the Middle East, Asia-Pacific, India, and SAARC regions.

    It is one of the top 3 mobile service providers globally in terms of subscribers. It operates in 18 countries across South Asia, Africa, and the Channel Islands. Airtel is known for delivering cutting-edge technology and offers 5G, 4G, and LTE Advanced services in India that cater to the evolving needs of consumers and businesses.

    The company’s pioneering approach to strategic management, particularly its outsourcing model that encompasses all business operations except marketing, sales, and finance, has enabled Airtel to establish the ‘minutes factory’ model. This model is characterised by low costs and high volumes, enhancing operational efficiency and driving growth.

    With its commitment to excellence and innovation, Bharti Airtel Limited continues to redefine the telecommunications landscape, providing seamless connectivity and advanced services to customers across the globe.

    State Bank of India (SBI)

    Founder Government of India and Reserve Bank of India
    Founded 1806
    Sector Banking and Financial Services
    State Bank of India (SBI) - Top Indian Companies by Market Valuation
    State Bank of India (SBI) – Top Indian Companies by Market Valuation

    State Bank of India (SBI) is a Fortune 500 company headquartered in Mumbai that specializes in public-sector banking and financial services. With a legacy spanning over 200 years, SBI has gained the trust of generations of Indians.

    The bank has diversified its businesses through subsidiaries such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, and SBI Card, among others. State Bank of India (SBI) operates globally through 235 offices in 29 foreign countries, ensuring a global presence across different time zones.

    SBI remains committed to evolving and continually redefining banking in India by providing responsible and sustainable solutions to its customers. The bank’s roots trace back to the early nineteenth century with the establishment of the Bank of Calcutta in 1806, later rebranded as the Bank of Bengal in 1809.

    This marked the beginning of the first joint-stock bank of British India, sponsored by the Government of Bengal. Subsequently, the Bank of Bombay and the Bank of Madras were established, forming the State Bank of India.

    In addition to its banking services, it operates the SBI Foundation, a philanthropic arm dedicated to supporting development initiatives in India. The foundation aligns with corporate social responsibility mandates the Ministry of Corporate Affairs set. It is pivotal in driving positive change and fostering sustainable development nationwide.

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    LIC India

    Founder Government of India
    Founded 1956
    Sector Insurance and Financial Services
    Life Insurance Corporation of India (LIC) - Top Indian Companies by Market Valuation
    Life Insurance Corporation of India (LIC) – Top Indian Companies by Market Valuation

    Life Insurance Corporation of India (LIC) is a trustworthy and reliable organization serving over 250 million lives as part of its extended family. LIC has been providing its services for over six decades and understands its profound responsibility.

    It recognizes the immense value of each life it touches. While insurance is its core business, LIC views its role as fostering trust and security in the lives of millions.

    LIC is headquartered in Mumbai and is the largest insurance company in India and the largest institutional investor. It manages assets worth ₹49.24 trillion (US$620 billion) as of March 2023.

    LIC is a public sector enterprise owned by the government of India. The Ministry of Finance administers it. It is committed to upholding the highest standards of service and integrity.

    Apart from its core operations, Life Insurance Corporation (LIC) is committed to social responsibility. It demonstrates this through initiatives like the LIC Golden Jubilee Foundation. This charitable organisation was established in 2006 and is dedicated to promoting education, alleviating poverty, and improving living conditions for the underprivileged.

    One of its notable programs is the Golden Jubilee Scholarship Award, which supports meritorious students from economically disadvantaged backgrounds in pursuing higher education.

    Infosys

    Founder N.R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan, Ashok Arora
    Founded 1981
    Sector Information Technology
    Infosys - Top Indian Companies by Market Valuation
    Infosys – Top Indian Companies by Market Valuation

    Infosys, a global leader in next-generation digital services and consulting, is driven by a profound purpose: to amplify human potential and create the next opportunity for people, businesses, and communities.

    With a presence spanning more than 56 countries, Infosys empowers clients to navigate their digital transformation journey effectively. Drawing on over four decades of experience in managing the systems and operations of global enterprises, Infosys adeptly guides clients through their digital evolution, leveraging the power of cloud computing and artificial intelligence (AI). 

    By infusing an AI-first approach into the core of operations, facilitating agile digital solutions at scale, and fostering a culture of continuous learning, Infosys enables clients to achieve sustained growth and innovation.

    The company is deeply committed to upholding good governance and environmental sustainability principles, fostering an inclusive workplace where diverse talent thrives. 

    As an Innovation and Knowledge Hub, Infosys spearheads initiatives like the Infosys Knowledge Institute, offering thought leadership to steer enterprises through their digital transformation journey.

    Additionally, Infosys invests in entrepreneurial ventures globally through its Innovation Fund, established in 2015, and collaborates with startups worldwide through the Infosys Innovation Network, facilitating partnerships for client implementation.

    Through these initiatives, Infosys remains at the forefront of driving digital innovation, knowledge dissemination, and sustainable growth, shaping a future where businesses and communities thrive in the digital age.

    ITC

    Founder William M. Jacks
    Founded 1910
    Sector Conglomerate
    ITC - Top Indian Companies by Market Valuation
    ITC – Top Indian Companies by Market Valuation

    ITC, a leading Indian conglomerate, operates across diverse sectors, including fast-moving consumer goods, hotels, paperboards and packaging, agribusiness, and information technology. Recognised as India’s most admired company in a survey conducted by Fortune India in collaboration with Hay Group, ITC’s success is driven by its multifaceted approach to business.

    As a leader in FMCG marketing and the Indian Paperboard and Packaging industry, ITC has established itself as a pioneer in farmer empowerment and responsible luxury hospitality. The company’s subsidiary, ITC Infotech, offers specialized digital solutions globally.

    Over the years, ITC has developed a robust portfolio of 25+ Indian brands, leveraging its institutional strengths in consumer insights, R&D, and brand-building.

    Embracing the ethos of ‘Nation First: Sab Saath Badhein’, ITC prioritizes societal value alongside profitability, leading in sustainability efforts and solid waste management through initiatives like the Well-being Out of Waste program.

    Collaborating with farmers and local communities, ITC implements climate-smart and sustainable agriculture initiatives, aligning with the vision of doubling farmer incomes. In line with the “Make in India” initiative, ITC also invests in world-class manufacturing facilities and hospitality assets, reaffirming its commitment to India’s future development and competitive capacity.

    Hindustan Unilever (HUL)

    Founder Hindustan Vanaspati Manufacturing Co., Lever Brothers India Limited and United Traders Limited
    Founded 1933
    Sector Consumer Goods
    Hindustan Unilever Limited (HUL) - Top Indian Companies by Market Valuation
    Hindustan Unilever Limited (HUL) – Top Indian Companies by Market Valuation

    Hindustan Unilever Limited (HUL), a British-owned Indian final goods company headquartered in Mumbai, is a subsidiary of Unilever. Established in 1931 as Hindustan Vanaspati Manufacturing Co., it was renamed Hindustan Lever Limited in 1956 and later became Hindustan Unilever Limited in 2007.

    With a 90-year heritage in India, HUL is the country’s largest Fast Moving Consumer Goods (FMCG) company, offering over 50 brands across 16 categories.

    As part of Unilever, a global leader in FMCG products, HUL benefits from extensive resources and expertise. It operates in over 190 countries and is known for its commitment to environmental, social, and governance principles.

    HUL’s reputation extends beyond its products; it is India’s top ESG-rated FMCG company and the preferred employer across sectors. In a rapidly evolving world emphasizing digitization and sustainability, HUL remains dedicated to its purpose-led journey, ensuring it continues to meet the needs of consumers while fostering a sustainable future.

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    Conclusion

    India’s vibrant corporate landscape in 2024 reflects a remarkable fusion of innovation, sustainability, and societal impact across diverse sectors. The top 10 companies by market valuation include names like ITC, Reliance Industries, HUL, Infosys, TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC India.

    Collectively, these companies not only drive India’s economic growth but also shape its social fabric through impactful initiatives that empower communities and foster sustainable development.

    As India continues on its trajectory of progress, these companies serve as beacons of excellence, driving innovation, and contributing to a brighter future for all stakeholders.

    FAQs

    Which is the largest private company in India?

    Reliance Industries is considered the largest private company in India.

    Is Tata bigger than Reliance?

    If we talk in terms of market valuation and revenue, Reliance is considered to be bigger than Tata. However, both have a wide range of businesses and are in a headstrong competition.

    What is the richest company in the world in 2024?

    Microsoft is considered as the richest company in the world for the year 2024 based on its market cap of $2992 billion. It is closely followed by Apple and Nvidia corporation.

  • Reliance Industries Carving the Business Landscape of India

    For a long time now, Reliance Industries has been one of the major Indian conglomerates that has caused a stir. This ideal corporate realm, founded by Dhirajlal Hirachand Ambani, also known as Dhirubhai, a global business titan and visionary, has gone a long way since its beginnings. The narratives of Dhirubhai and Reliance are intricately intertwined. Since its inception, Reliance has made tremendous strides. It was originally fiber. Jio Fibre is the product of its current self-sufficiency. In its digital network, you can’t see every fiber. The network or fabric that Mukesh Ambani, Dhirubhai’s son, is weaving contains wireless fiber, though.

    Fabric was the next step after Dhirubhai worked with yarn. The hit single “Only Vimal” by Reliance was the one that got everyone talking. Dhirubhai was perceptive about the requirements of both India and Reliance. In a whirlwind of activity, he embarked on a journey of reverse integration. He required fiber for his yarn.

    The Inception
    Marching Ahead
    Continue to Climb

    The Inception

    Soil, water, manure, and organic compounds are the four main ingredients for natural fiber. The limitations of cotton’s productivity were known to Dhirubhai. To produce enough fabric to dress the millions, cotton is an expensive material. Affordable clothing was a requirement in India. The synthetic fabrics and inorganic compounds were selected by Dhirubhai.

    Even India needed a little flair. Reliance was well-versed in fashion. It had to succeed as a B2C enterprise, which deals directly with consumers. Storytellers and strategy specialists may learn a lot about management from this.

    Back in 1983, India emerged victorious at the Prudential Cricket World Cup. England played host to the first three tournaments in 1975, 1979, and 1983. The British worldwide insurance group Prudential, which was founded in 1848, sponsored all three.

    Dhirubhai took advantage of the situation and secured the opportunity to sponsor the 1987 Cricket World Cup in India, representing the nation and the world at large. Cricket was Reliance’s way to elegance and substance in its big business-to-consumer venture. The 1987 World Cup was held in Pakistan and India. The final was place on November 8, 1987, at Calcutta’s (now Kolkata) gorgeous Eden Garden.

    The Reliance Cricket World Cup was presented to Allan Border, the captain of the victorious Australian side, by Dhirubhai. Border took two wickets while batting superbly. One in particular stands out: he bowled out the English team’s captain, Mike Gatting, who was leading the losing side.

    Allan Border’s role in opening Reliance’s door to a borderless globe is significant. Sponsorship of a World Cup ended with the 1987 Reliance tournament. Reliance had come as a business-to-consumer enterprise.

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    Marching Ahead

    Oil and gas exploration, petrochemicals, refining, telecommunications, retail, and digital services are the company’s main abilities. RIL’s expansion and new product development are the result of Mukesh Ambani‘s forward-thinking leadership.

    As a major supplier of energy to India and a major exporter of petrochemicals and refined products, Reliance has carved out a niche for itself on the international stage. It operates one of the biggest and most intricate refineries in the world at its Jamnagar facility.

    The telecoms branch of RIL, Reliance Jio Infocomm, changed the game in India’s digital environment by providing affordable, high-speed data. When it comes to connecting to and using digital services, India has never been the same since Jio launched its extensive network coverage and creative products.

    Reliance Retail, the retail division of the corporation, operates a large network of stores selling groceries, electronics, clothing, and more in a variety of forms. Its expansion plans and smart acquisitions have made it the undisputed leader in India’s retail industry.

    Continue to Climb

    From 2002 to 2023, India’s GDP increased sixfold, from $0.5 trillion to $4.11 trillion. The company’s income has increased multiplefold since 2002. During that time, its market capitalization has increased by a factor of ten or more.

    Reliance exports petroleum products. With a daily stream capacity of 1.24 million barrels, its Jamnagar refinery is quite capable.

    Many well-known brands are owned by Reliance. These include Ajio, Jio Mart, Reliance Trends, Reliance Fresh, Reliance Smart, and Reliance Digital. Many industries have been shaken up by Reliance’s Jio Platforms. Jio has captured more than 34% of the market and attracted 387.5 million members in just four years.

    Revenue of Reliance Jio From Financial Year 2019 to 2023
    Revenue of Reliance Jio From Financial Year 2019 to 2023

    An ode to the public firm that is owned and operated by its owners is Reliance. With a stake of over 45%, the Ambani family controls the majority of the company. As a remedy for “agency costs,” an extremely large internal holding is ideal.

    Reliance has integrated management, ownership, leadership, and enterprise. Many American and European companies have long admired its ownership and management style. Ever since Reliance decided to issue its global depository receipts in May 1992, people have been talking about the company’s management and ownership. Institutional shareholders, who are among the most demanding shareholders in the world, have been aware of Reliance’s strengths since 1993. Even though it’s been 31 years, more and more people are jumping on the Reliance bandwagon.

    FAQs

    What is the telecommunication branch of Reliance Industries?

    Reliance Jio Infocomm is the telecommunication branch of Reliance Industries.

    Who is the founder of Reliance?

    Dhirajlal Hirachand Ambani, also known as Dhirubhai Ambani founded Reliance Industries.

    What was the revenue of Reliance Jio in 2023?

    Reliance Jio generated a revenue of INR 1197.91 billion in 2023.

  • KKR’s $250 Million Investment Raises Reliance Value to $100 Billion

    KKR to invest $250 million in Reliance Retail, increasing Reliance’s valuation to $100 billion. It translates into an additional equity stake of 0.25% in Reliance Retail on a fully diluted basis.

    KKR & Co. Inc. (KKR.N) has significantly strengthened its investment in Reliance Retail Ventures Limited (RRVL), the flagship retail arm of Mukesh Ambani’s sprawling business empire. The global investment giant injected an additional $250 million in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures, which has valued the Indian retail giant at $100 billion, solidifying its status as one of Asia’s top companies by equity value.

    The New York-based private equity firm’s latest investment translates into an additional equity stake of 0.25% in Reliance Retail on a fully diluted basis. This increases KKR’s total equity ownership in Reliance Retail Ventures to 1.42%, affirming their faith in the company’s capabilities.

    Ms Isha Mukesh Ambani, Director, of RRVL, said, “We are pleased to receive continued support from KKR as an investor in Reliance Retail Ventures Limited. We highly value our deepening partnership with KKR, and their latest investment in RRVL after their previous investment further reinforces their strong belief in RRVL’s vision and capabilities. We look forward to continued engagement with KKR and to benefit from their global platform, industry knowledge, and operational expertise, in our journey towards driving transformation of the Indian retail sector.”

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    Reliance Retail’s Expansive Operations
    KKR’s Ongoing Partnership and Future Prospects
    Reliance Retail’s Remarkable Growth
    Reliance Retail’s Expansive Operations and Global Partnerships

    Reliance Retail’s Expansive Operations

    Reliance Industries subsidiary Reliance Retail Ventures has been attracting considerable attention and investment lately because of its expansive operations. From grocery to electronics, Reliance Retail’s diverse portfolio includes partnerships with global brands like Jimmy Choo, Marks & Spencer, and Pret A Manger. With over 18,000 stores, the Mumbai-based conglomerate competes fiercely with international giants like Amazon (AMZN.O) and Walmart’s (WMT.N) Flipkart.

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    KKR’s Ongoing Partnership and Future Prospects

    KKR’s latest financial infusion into Reliance Retail is primarily sourced from its Asian Fund IV, which is subjected to regulatory approvals, as confirmed by Reliance. Morgan Stanley acted as financial adviser to Reliance Retail.

    Mr Joe Bae, Co-CEO, of KKR, said, “We are pleased to extend our relationship with Reliance Retail Ventures Limited. Throughout our investment period in Reliance Retail, we have been impressed by the company’s vision and extensive work to empower retailers across India through digitalization, as well as by its resilience and performance in spite of the pandemic and other disruptions. We look forward to continuing to work alongside the Reliance Retail team to support the company’s mission to build a more inclusive Indian retail economy.”

    Mr Gaurav Trehan, Head of Asia Pacific Private Equity and Head of India, KKR, added, “Reliance Retail is a true corporate leader and innovator in India, and its differentiated model has the potential to digitalize and transform the country’s retail industry. We are pleased to have the opportunity to continue collaborating with this team and pursue the growth opportunities ahead.”

    KKR’s latest investment strengthens its belief in Reliance Retail’s vision and potential. As the Indian retail sector continues to evolve, KKR’s deepening partnership with Reliance Retail is expected to yield mutual benefits.

    Reliance Retail’s Remarkable Growth

    The trajectory of Reliance Retail’s growth has been nothing short of remarkable. In 2020, it secured $5.71 billion in funding by selling a 10.09% stake to various investors, including KKR, the Saudi Public Investment Fund, General Atlantic, and the United Arab Emirates’ Mubadala. KKR’s initial investment in 2020 amounted to $669.65 million. Ambani recently shared that the 2020 fundraising increased the valuation of the business to approximately $52 billion. Astonishingly, in less than three years, the value of Reliance Retail has nearly doubled.

    Reuters reported earlier this month that the company is in advanced talks with global investors to raise an additional $2.5 billion by the end of September, ahead of a potential stock market listing. This aligns with Ambani’s 2019 statement to take its retail business public within five years.

    Revenue of Reliance Retail from Financial Year 2012 to 2022
    Revenue of Reliance Retail from Financial Year 2012 to 2022

    Reliance Retail’s Expansive Operations and Global Partnerships

    Reliance Retail’s financial performance has been commendable. For the fiscal year ending in March 2023, Reliance Retail reported a consolidated net profit of $1.11 billion on revenues totaling $31.7 billion. This robust performance has coincided with Reliance’s aggressive acquisition of numerous small grocery and non-food brands as part of its strategy to establish a consumer business with annual sales of $6 billion within five years, thereby challenging international giants like Unilever (ULVR.L).

    Last month, JP Morgan analysts stated that the medium-term investment case for Reliance India Limited (RIL)is driven by strong cash flows and the ability to invest in growth businesses and potential value-unlocking in the medium term.

    FAQs

    What is Reliance Industries Limited?

    Reliance Industries Limited (RIL) is India’s largest private sector company, with a consolidated revenue of $118.6 billion, cash profit of $15.3 billion, and net profit of $9 billion for the year ended March 31, 2023. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services. Currently ranking 88th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2023. The company stands 45th in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2023 – the top-most among Indian companies.

    What is Reliance Retail Ventures Limited?

    RRVL, through its subsidiaries and affiliates, operates an integrated omni-channel network of over 18,500 stores and digital commerce platforms across Grocery, Consumer Electronics, Fashion and lifestyle, and Pharma consumption baskets and has partnered with over 3 million merchants through its New Commerce initiative. Reliance Retail Limited, a subsidiary of RRVL, is the only Indian retailer in the global Top 100 and amongst the fastest-growing retailers globally as per Deloitte’s Global Powers of Retailing 2023. RRVL reported a consolidated turnover of $ 31.7 billion and a net profit of $ 1.1 billion for the year ended March 31, 2023.

    What is KKR & Co. Inc.?

    KKR & Co. Inc. is a leading global investment firm that offers alternative asset management capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds.

  • Reliance’s JioMart Expanded its Services to Compete in E-Grocery Market

    Reliance Industries is not unknown to the people of India and of the world now. Founded in May 1973, Reliance Industries is headquartered in Mumbai.

    It was a landmark step when Reliance Jio Infocomm Limited was launched after Reliance Industries bought a majority stake in Infotel Broadband Services Limited (IBSL). This made the telecommunication sector of Reliance run like never before.

    JioMart resulted when Reliance Industries converged with Jio Platforms, the parent of Reliance Jio Infocomm Limited, which does its business as Jio.

    The JioMart services were initially soft-launched in December 2019, and then launched in the selected areas of Thane, Navi Mumbai, and Kalyan in April 2020. These services were eventually expanded to over 200 towns across the country, after it was fully launched in May 2020.

    The latest venture by Mukesh Ambani has offered grocery delivery at the doorstep amid the deadly coronavirus outbreak. It continues to help the users procure groceries and numerous other products from a wide range of categories including fashion, home essentials, lifestyle products, and more, which it expanded to ever since it was established.

    JioMart currently competes with other prominent grocery delivery services like Amazon, Flipkart, and Big Basket in India.

    JioMart, Reliance Jio’s shopping portal, is now open for orders altogether metros and places like Mysuru, Visakhapatnam, Coimbatore, Dehradun, and Bhatinda where consumers can place the order for the required grocery.

    JioMart is currently growing in its sales through local kiranas that it keeps on onboarding on its platform, alongside servicing orders via its Reliance Fresh and Smart stores. Furthermore, it is also open with distribution centers in areas where orders through kiranas aren’t serviceable.

    JioMart – Desh ki Nayi Dukan
    JioMart – Industry
    JioMart – Growth
    JioMart – Partnerships
    JioMart – Logo and Tagline
    JioMart – Business and Revenue Model
    JioMart – How to Use?
    JioMart – Payment and Delivery Options
    JioMart – How will it affect Competitors?
    JioMart – Shaping the Future of India

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    JioMart – Desh ki Nayi Dukan

    JioMart delivers a good range of products including fruits, vegetables, groceries, bakery products, beverages, household products, packaged food, and more. The JioMart website is jiomart.com.

    This Reliance Jio and Reliance Retail-powered platform operates through neighbourhood stores, supermarkets, hypermarkets, wholesale and online stores. The company integrated its registered customer database from Reliance Fresh, Reliance Smart and other retail businesses into JioMart.

    JioMart said the following in a statement-
    “We offer you the convenience of shopping everything that you need for your home – be it fresh fruits & vegetables, rice, dals, oil, packaged food, dairy item, frozen, pet food, household cleaning items & personal care products from a single virtual store.”

    The chief executive of grocery retail at Reliance Retail, Damodar Mall tweeted, “Never waste a crisis, they say! Big town or small, JioMart delivers in over 200 towns. Chinese e-commerce giant Alibaba (BABA) “flourished” during the 2003 SARS pandemWe seek similar opportunities by fulfilling the requirements during these tough times”.

    JioMart | Desh ki Nayi Dukan

    JioMart – Industry

    Indian Online Food and Grocery Market Growth
    Indian Online Food and Grocery Market Growth

    JioMart belongs to the online food and grocery industry. This industry has grown from 2013-2018 at a CAGR of 71.2%, and is expected to grow at a CAGR of 45.5% between 2018-2023.

    JioMart – Growth

    JioMart has certainly been a successful pilot and has grown well throughout these couple of years. Some of the major growth highlights of JioMart are:

    • JioMart witnessed a 3X increase in its merchant base in its grocery delivery vertical in the Q4 FY2021.
    • It expanded services to 10 new cities during the same fiscal
    • JioMart sees strong traction from Tier 3 cities and beyond
    • The company has seen a 3X growth in its order frequencies
    • JioMart has already onboarded over 300K merchants including kiranas and small merchants
    • Served over 1 mn customers, as reported on January 26, 2021
    • JioMart continues to scale up. It achieved a 3X growth in product assortment, 1.5X growth in order frequency, and has grown by 20% growth in average basket value (ABV).
    • The ecommerce platform also witnessed an 80% repeat order growth in Q4 FY2021
    • JioMart is also available on WhatsApp, on which the users can place orders for their groceries and other necessities.

    JioMart Express

    JioMart has launched JioMart Express in view of foraying into the popular quick commerce space in June 2022. The platform was piloted in Navi Mumbai and currently spans over 3K+ SKUs, which includes groceries, and personal and home care products.

    Though the quick commerce wing of JioMart and how it operates is not quite clear now, with some reports claiming that it is using Dunzo’s delivery fleet and local kirana stores as hyperlocal hubs, and others suggest that the Reliance Retail stores, the business is gaining popularity fast.

    JioMart Express is currently looking to expand its services to 200+ cities by the next fiscal. This new business of Reliance Retail and Jio will soon be operating in several other categories like medicines as well as small electronic products including smartphones.

    Benefits of JioMart Express

    Quick commerce delivery, which is fast becoming the trend with the likes of Zepto, Blinkit, Dunzo, Swiggy Instamart, and more, is springing numerous players from across industries, and this finally got to Reliance which is already one of the powerful names in a range of industries. This eventually led to the launch of JioMart Express. This quick commerce wing of JioMart will certainly be effective for the users in many ways. Here’s a look at the benefits of JioMart Express:

    • Express 90 minutes delivery
    • 3000+ grocery and essentials
    • No minimum order value
    • Numerous discount coupons and other options
    • Quality of Reliance
    • Redemption of points
    • Flexible online payments

    JioMart – Partnerships

    Facebook Inc. (now known as Meta) bought a 9.99% stake for $5.7 billion (Rs 43,574 crore) in Reliance Industries’ digital unit, Jio Platforms, on April 22, 2020. That partnership helped Reliance roll out its service for India’s grocers and little businesses by using India’s 400 million strong user base for Facebook’s WhatsApp messaging service. Three days after the deal, JioMart made its service live online via WhatsApp.

    JioMart mainly partners with a huge collection of local kirana stores that helps the platform grow. It has also partnered with numerous UPI platforms to make the payment journeys easy for the customers.

    ePayLater collaborated with JioMart on August 3, 2022, which will help the platform offer line of credit to its B2B customers. This is the last partnership that JioMart saw.

    JioMart – Logo and Tagline

    JIoMart Logo
    JIoMart Logo

    While mentioning JioMart, Mukesh Ambani, the head honcho of Reliance, said “Customer aapka, Support humara”, which means that JioMart will extend enormous support to the local vendors and kirana owners.

    JioMart – Business and Revenue Model

    JioMart operates in an O2O (offline to offline) business model. With JioMart the local kiranas and vendors will receive orders online, which will be delivered as per the latest time slots. The JioMart business model brings the trio – producers, customers and the kiranas together under the same platform.

    First of all, the Kirana owners should register. After applying for JioMart Kirana registration, JioMart will help those Kirana stores to make their Kirana shop go digital to receive orders via WhatsApp. Once the order is placed by the Kirana stores then a confirmation message is sent to the user to pick up the order from the store.

    The JioMart business model focuses on extending the customers an omnichannel experience.

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    JioMart – How to Use?

    Reliance jiomart- Online Grocery
    JioMart | Reliance Online Grocery

    The JioMart app is available on Apple and Google Play Store. JioMart is currently available as a mobile and desktop website. The services of JioMart can also be availed via Facebook-owned instant messaging app WhatsApp.

    To check if JioMart’s service is open in your location or not, you need to enter your pin code in the ‘Delivering to’ field on the website. If you get a green signal, it means the service is there in your area. Otherwise, a message in red appears, “We are currently not available at this location. Stay tuned!”

    The ‘search with list’ option is the handiest feature of this site. You can simply paste or write the entire product list in this section instead of searching one by one. The website will search for the products sequentially for you. You need to place your choice in the cart.

    To place an order, one needs to log on to jiomart.com. If the order value is less than ₹750, a nominal delivery fee of ₹25 will be added. Above an order value of ₹750, JioMart offers free delivery. The customer can pay either online or offline.

    JioMart – Payment and Delivery Options

    Jio has integrated many payment options such as e-wallets and UPI on the website. The company has incorporated almost all kinds of payment methods. Various e-wallets like Paytm, PhonePe, JioMoney, Google Pay, and MobiKwik are also supported. The website has a Net Banking option along with the Credit/Debit card provisions. If not online, one can also go for cash on delivery (COD).

    One of the things that the users might find inconvenient is that JioMart does not offer same-day delivery. The orders are generally delivered within two days. If there happens to be a lockdown or if similar strictures are imposed, the delivery time may get extended in some cases. However, this would be solved with JioMart Express, which is the quick commerce arm of JioMart.

    Some improvements are required like changes to the searching process. The problem is that a particular product might be named differently according to the local language, which can hamper the search for that product. The search algorithm needs to detect such discrepancies. Otherwise, the website cannot cater to different customer requirements.

    JioMart – How will it affect Competitors?

    JioMart, promoted as ‘Desh ki Nayi Dukan’, offers free express grocery delivery from neighborhood grocery or Kirana stores. JioMart’s launch comes as India is witnessing an increase in coronavirus cases. Officials have said that the product catalog on JioMart’s website will be expanded once the lockdown restrictions are lifted. JioMart will then work at its full capacity.

    JioMart is undoubtedly a tough competitor to other online grocery shops like BigBasket and Grofers (now Blinkit). JioMart offers fresh food, pulses, packaged food, household cleaning items, pet food, and other categories of products on its website. It is all set to take on the big players such as BigBasket, Blinkit, Amazon Fresh and Pantry, and Flipkart’s Supermart.

    Amazon (AMZN) and Walmart-owned (WMT) Flipkart are the two dominant e-commerce platforms in India. Both companies operate in hundreds of cities across the country. They deliver goods such as smartphones, electronics, and clothing. Both companies also launched online grocery deliveries last year. JioMart’s launch is a reason for worry for Amazon and Flipkart because they are not very strong in the grocery segment.

    JioMart’s expansion also comes as millions of Indians remain under lockdown because of the coronavirus pandemic. Amazon and Flipkart have also faced difficulty delivering orders across India during the Covid-19 pandemic. This is due to the restrictions imposed on traveling from one city to another. The lockdown required the company to accelerate expansion plans with increasing warehouse capacities.

    Due to the lockdown imposed in India, Flipkart temporarily suspended services and Amazon had to limit orders as it responded to increased demand. Despite the various complexities and challenges of zonal restrictions and supply chain disruption, Flipkart and other e-commerce companies have worked to deliver essential goods while considering the safety of their employees. It will pose a formidable challenge to local rivals who are also betting big on groceries for their growth.

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    JioMart – Shaping the Future of India

    According to investment research firm Bernstein, grocery constitutes 70% of the Indian retail market. More than 90% of the market is unorganized and driven by kirana stores. The overall retail market is expected to double in size from $676 billion in 2018 to nearly $1.3 trillion by 2025, according to Bernstein.

    According to Forrester, India’s online grocery market is small by comparison and worth around $3 billion this year. But the firm says that the number is growing fast as the pandemic changes people’s shopping habits. JioMart was launched in December last year with the goal of connecting 3 crore kiranas or grocery stores with local consumers online.

    Reliance is on a fundraising spree through Jio Platforms, which includes the telecom venture Jio Infocomm. It has raised a massive $10 billion from investors including Facebook, KKR, and General Atlantic in a month. JioMart is selling shares worth $7 billion (around Rs. 53,000 crores).

    Bernstein and Forrester’s analysts say JioMart is well placed to disrupt the online grocery market because it can source supplies from Reliance’s brick-and-mortar stores. Reliance is India’s largest retail operator. If JioMart manages to get kiranas online and organized, it will also have a hyper-local supply and logistics chain that can be used to meet the demand.

    Conclusion

    Competitions are everywhere. In order to survive in the market, the companies should keep improving, provide better options, should solve problems, and keep thriving to become better than its competitor.

    The platform is certainly one of the most revolutionary approaches of Reliance that has already helped numerous users across the country, who now have an access to a majority of all that they might want including groceries and essentials. JioMart is a blessing in disguise for the Kirana owners.

    Reliance’s JioMart has already roped in over 300K Kirana stores and local vendors/merchants across the country and is planning to increase the number rapidly across India. Later the company is planning to make these stores JioMart franchises to source products directly from Reliance retails and make them fully digital. All the orders can be fulfilled by the local Kirana stores.

    FAQs

    How do I shop from JioMart?

    Download the JioMart App & Register with your Mobile Number. Login – Select City, Enter Pin code. Select from a wide range of categories to choose from. Add items to cart, complete payment & check out.

    How JioMart will work?

    JioMart is essentially an aggregator between customers and nearby stores, in a similar way that other online delivery aggregators work. This saves JioMart from separately acquiring customers on its platform, which is a key barrier when a new app or a service is launched.

    What is the minimum order for JioMart?

    Initially, JioMart required a minimum order value of Rs 750 for free delivery. Existing players like Alibaba-backed Bigbasket, Amazon India, or Flipkart typically require upwards of Rs 600 order size for free delivery.

    Is JioMart available in Vizag?

    Reliance’s online shopping portal, JioMart, is now open for orders in 200 cities including all metros and places such as Mysuru, Visakhapatnam, Coimbatore, Dehradun, and Bhatinda.

    Is JioMart available on Whatsapp?

    After JioMart partnered with Facebook-owned Whatsapp, the platform now offers the users the facilities of ordering their groceries and essentials as per their requirements via the Whatsapp platform itself.

  • Reliance Jio – The Success Story of the 1st Network to Provide 4G VoLTE Services in India!

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Jio.

    When do you think a revolution came in the telecommunication industry? Well, the most common answer is after the launch of Mukesh Ambani’s Jio. This company made an incredible entry into the Indian mobile telecom sector with the most exclusive cost leadership strategy that revolutionized the whole market of telecommunication. But how do you think did that happen?

    Was it the investments in the company or the business model or Mukesh Ambani’s strategic plans?

    To know more about How Jio Started, information about Jio company, the Success Story of Reliance Jio, and how Jio changed India, you go through this StartupTalky article.

    Reliance Jio – Company Highlights

    Company Name Jio (Joint Implementation Opportunities)
    Headquarter Mumbai, India
    Sector Telecommunications
    Founder Mukesh Ambani
    Founded 15th February 2007
    Revenue Rs 18,952 crore (FY21,Q1)
    Profit Rs 3,651 crore (FY21, Q1)
    Average Revenue per user (ARPU) INR 138.4 (FY21, Q1)
    Reliance Jio Slogan ‘Digital Life’
    Reliance Jio Tagline ‘Jio jee bharke’ (Live life to the fullest)
    Parent Organization Reliance Industries
    Website jio.com

    About Jio
    Founders of Jio and team
    Jio – Startup Story | How was Jio Started?
    Jio – Name, Tagline, and Logo
    Jio – Business Model and How it Works?
    Jio – Growth
    Jio – Competitors
    Jio – Future Plans

    Reliance Jio
    Who Dominates Mobile Subscriptions?

    About Jio

    When Anil Ambani and Mukesh Ambani had a split in the year 2005, it was one of the biggest de-merger in the industry. The dream project of Mukesh Ambani that was Reliance Infocom, became a part of the Anil Ambani Group. Furthermore, Mukesh Ambani went on to acquire the company Infotel Broadband Services Limited, which was the only successful bidder across India for the 4G network.

    This is when Mukesh Ambani’s Reliance Limited started working on establishing a base for a high-speed optical fiber 4G network which is much more capable than 4G. The company was named Reliance Jio Infocom Ltd popularly known as Jio today. Jio was the first network to provide 4G LTE services and VoLTE services.

    Jio launched these services on 5th September 2016 for all the users and also launched its smartphone series with the name LYF. Reliance Jio Infocom Ltd (RJIL) focused on high-speed data instead of voice and SMS. On its launch, the company announced data plans with 1GB 4G data per day in the market where mostly all popular telecom providers offered 1GB data per month.

    This was a game-changer by RJIL in the price-sensitive market of India as the prices before that revolved around Rs 250-300 for 1 GB 4G data, which went down to Rs 5 per GB during the initial days. Along with these amazing plans, Jio also started offering free voice calling and free 100 SMS per day for all its Prime members.

    JioPhone Next

    The all-new ‘JioPhone Next’, is being jointly developed by Mukesh Ambani-led Reliance and tech giant, Google was scheduled for a Ganesh Chaturthi release, on September 10, 2021. However, Reliance Telecommunication’s revolutionary product hit a roadblock due to an acute global shortage of semiconductors and had been postponed till Diwali at least, as per the reports dated September 10, 2021. The company then remarked that it had already started testing the device among a limited set of users to identify further scopes of refinement and make them easily available foolproof in November, during the festive season of Diwali. With this, Reliance Jio had also bought some more time to figure out efficient ways to mitigate the global shortage of semiconductors. This Reliance JioPhone Next was finally launched on November 4, 2021. These phones now comes at Rs 6,499, and is powered with the Android-powered Pragati OS, and a Qualcomm Snapdragon QM215 processor. The JioPhone Next can also be bought by paying Rs 1,999 only by the users who lack the options of paying for the phone upfront. However, they also need to pay the company for the full price of the phone later on by monthly installments.

    The JioPhone Next can be summed up as a good option if you are looking for an entry-level budget phone, and if you don’t have Rs 6000-7000 or more to buy new phones. However, these phones also have numerous drawbacks like:

    • JioPhone Next is sluggish being deficient of adequate RAM
    • You need to only use a Jio sim as the primary SIM to use it
    • The phone can also be turned of by the financer if it is not properly paid for
    • It comes in with an Android OS, but has its own JIO customisations

    The Success Story Of Bharti Airtel: A Case Study
    Bharti Airtel is a public limited company commonly known as Airtel. It is anIndian telecom company which is currently operating its business across southAsia, Africa and Channel Islands, it is also into the GSM providing business inall the countries including 2G and 3G services. Due to its operat…
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    Founders of Jio and team

    Mukesh Dhirubhai Ambani is one of the richest men in the world. He is the Founder of Jio.

    Mukesh Ambani - Founder of Jio
    Mukesh Ambani – Founder of Jio

    Mukesh is reportedly the richest man in India and his family is popularly known as the richest family in Asia, according to Forbes. Mukesh Dhirubhai Ambani was the Chief Managing Director (CMD) of Reliance Industries Ltd, which is one of the biggest conglomerates in India.

    Mukesh was born in Aden but he grew up in Mumbai. Being one of the most influential and powerful personalities of the country he has provided his business acumens to the whole world. Mukesh Ambani is the owner of the world’s largest refinery. He has achieved tons of notable accomplishments and is a part of many renowned institutes as well. Ambani was the Director and Chairman of Reliance JIO Infocomm Ltd. too before he stepped down with effect from June 27, 2022, and his son, Akash Ambani, who was a Non-Executive Director, has been appointed as the Chairman of the company, as per reports dated June 29, 2022. The Jio board has also revealed the appointments of Raminder Singh Gujral and K.V. Chowdary as additional directors of the company, who will serve as independent directors for the next 5 years, commencing from June 27, 2022. Furthermore, Pankaj Mohan Pawar has been appointed as the Managing Director of the Jio business also for 5 years.

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    Jio – Startup Story | How was Jio Started?

    Some time back, Mukesh Ambani the founder of Jio was asked about how he thought of coming up with such an amazing idea to which he said that this idea was seeded by his daughter Isha Ambani. In 2011, Isha Ambani was a student at Yale in the US and was home for the holidays.

    She told her dad how bad the internet connectivity was at their house because she couldn’t submit her coursework. At that time, Mukesh Ambani realized that how India is suffering from bad and poor connectivity of the internet.

    The data was severely scarce and overpriced, which was unaffordable to a majority of Indians. Since then, Mukesh Ambani started working on Jio to make the data services abundant and affordable in every part of the country, which gave birth to Reliance Telecommunication’s Jio business line.

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    JIO stands for Joint Implementation Opportunities and the full name of the company is Reliance Jio Infocom Ltd.

    Reliance Jio Logo

    The logo of Reliance Jio has a hidden meaning. When we flip the logo and look at its mirror image it is read as ‘oil’ which represents the past and future of Reliance. The company Reliance appeared as a business giant in the 20th century because of its Oil business and in the 21st century probably the flipped version, Jio has successfully ushered in another revolution.

    The slogan of Reliance Jio is ‘Digital Life’ while a popular tagline of Jio has been ‘Jio jee bharke’ which means live life to the fullest.

    Jio – Business Model and How it Works?

    Reliance Jio had really smart strategies and most of them belonged to the founder Mukesh Ambani. For its initial year, Jio gave unlimited data services and high-quality Volte calling services at surprisingly low charges. The complete change in the market made other telecom operators change their business models.

    These offers created a lot of radical and unexpected changes in the consumer’s behavior as well. Also, it led to many mergers and acquisitions in Indian mobile network providers. Jio, in turn, made people use more and more services so that they spend more.

    Jio eventually started charging 6 paise per minute on its calling services. The company has now launched numerous value packs consisting of both internet and calling benefits along with other on-demand subscriptions at competitive rates, which are even lower for Jio phone users.

    Well, in the initial phase Reliance took a big risk to enter into the telecom industry but it has proved to be one of the best companies in the current market.

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    Jio – Growth

    Jio has already proven to be a rising force being a revolutionary company and the torchbearer of the Indian 4G VoLTE services. The Mukesh Ambani-led company is currently the leading telecommunication service provider in India. The Jio company is now working to empower the Indian users with the 5G and 6G services as well. Jio is the 3rd largest mobile network operator in the world with over 179.93 million users.

    Jio has added 1.6 mn+ wireless subscribers to its network in April 2022. In the broadband segment, Jio leads the path, which currently boasts of 52.15% of the total Indian userbase, followed by Bharti Airtel, which now enjoys 31.61% of the market share. Reliance Industries’ shares reportedly closed 1.5% higher at Rs 2,529 on the BSE on June 28, 2022.  

    Jio launched the fiber to the home service in 2019, which now offers home broadband, telephone, and television services. When the coronavirus made things scary for businesses and professionals, Mukesh Ambani made his company Reliance Jio net debt-free 9 months before the deadline. The conglomerate has raised Rs 53,124.0 crore by offering shares to its existing shareholders and another Rs 118,318.45 crore by selling stakes in the Jio platform through 12 deals.

    Reliance Jio has become the country’s largest-ever right issue and series of stake sales deals in its arm Jio Platforms, delivering on a promise given to its shareholders in last year’s August.

    “I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021,” Mukesh Ambani said in a statement released early on Friday.

    Reliance Industries is in its ‘Golden Decade’ and Mr. Mukesh Ambani has assured his shareholders that in this decade RIL will set even more ambitious growth goals and achieve them. Back in 2017, Mr. Ambani said that the energy-to-telecom conglomerate was on the verge of a golden decade where it would yield the returns of its largest-ever capacity expansion in its petrochemical business and its investment in Jio. With these investments, the company’s net debt was Rs 161,035 crore, as of March 31, 2020, and the funds raised in the last 8 weeks exceeded it. Along with the stake sale to BP in the petro-retail joint venture, the total fundraising is in excess of Rs 1.75 lakh crore.

    In twelve weeks thirteen different companies have invested in Jio platform, from leading Global investors which included Facebook, Silver Lake(Twice), Vista Equity Partner, General Atlantic, KKR. & Co.Inc.,  Mubadala Investment Company, Abu Dhabi Investment Authority, TPG Capital, L Catterton, Saudi Arabia PIF, and Qualcomm.

    Companies Investing In Jio In A Nutshell

    Name of the Company Stakes Total Investments
    Facebook 9.99% INR 43,574 cr
    Vista Equity Partner 2.32% INR 11, 367 cr
    Silver Lake Partner 1.15% INR 5,655.75 cr
    General Atlantic 1.34% INR 6,598.38 cr
    KKR & Co. Inc. 2.32% INR 11,367 cr
    Mubadala Investment Company 1.85% INR 9,093.60 cr
    Silver Lake Partner 0.93% INR 4,546.80 cr
    Abu Dhabi Investment Authority 1.16% INR 5,683.5 cr
    TPG Capital 0.93% INR 4.546.80 cr
    L Catterton 0.39% INR 1,894.50 cr
    Saudi Arabia’s Wealth Fund PIF 2.32% INR 11,367 cr
    Qualcomm 0.15% INR 730 cr

    Jio Platforms has diluted 25.24% of its equity. That’s the maximum they have in view to dilute to financial investors, which includes Mark Zukerberg’s Facebook. Any new investors coming on board in the future will have to be “strategic investors, a tech giant, for instance,” said a source who was part of the deal-making process. The RIL-FB partnership could emerge as the core platform for India’s digital economy and as more consumers and small businesses shift online, it could unlock a digital market worth $2 trillion.

    The secret behind Jio’s success is that it is customer-centric and has a webscale mentality. Reliance Jio made it look easy when it successfully swooped into the jam-packed and super competitive mobile market with free 4G voice and data service. So, in a nutshell, Reliance Jio, aims at harnessing the full potential of the internet to create a digital revolution through their technologies. Innovative services and long-term planning will radically bring the world at one’s fingertips much faster and also transform the way Indians think, work, live, and are entertained.

    Reliance Jio announced plans for integrated fibre connectivity and digital solutions to transform over 50 Million small and medium businesses in India on March 9, 2021. A statement released by Reliance Jio said – “Under this plan, Indian MSMEs will get Jio connectivity at one-tenth (1/10th) of the existing price in the market. They will also be able to collaborate with Jio partners to get easy-to-use solutions”  

    Reliance Jio also announced to launch of its new product JioBook, as per the reports dated March 8, 2021. After years of speculation, it is believed that the product is in the Engineering Validation test stage. JioBook is a laptop, that is said to be affordable and would attract a lot of customers. As per the speculations, the price of the laptop would start from INR 10,000 onwards.

    Reliance Jio emerged as the top bidder in India’s $11 billion airwaves auction, said the reports on March 2, 2021. Reliance Jio bought airwaves worth Rs 571.23 billion ($7.8 billion) of the total Rs 778.2 billion raised in the latest spectrum auction. Jio’s competitors – Bharti Airtel Ltd., spent $2.6 billion and Vodafone Plc’s India unit bought spectrum worth Rs 19.9 billion.

    Some of the popular Jio Apps that the customers can now find are:

    • Jio Pages – A Jio launched web browser for Android mobiles
    • Jio Chat – JioChat is an instant messaging and video calling app for Jio users.
    • Jio Cinema – An online HD video library by Jio, designed to provide the users with movies, tv shows, and music videos online
    • Jio Cloud – A safe and secure cloud storage service from Jio
    • Jio Health – A health services app from Jio
    • JioNews – A news app or e-reader for news by Jio
    • JioMeet – A video-conferencing platform from Jio
    • JioMoney – A mobile wallet for the Jio customers
    • JioSaavn – Provides online and offline music streaming in English and Indian languages
    • JioSecurity – A mobile security and antivirus app
    • JioTV – A streaming service brought by Jio
    • JioCall (Jio4GVoice) – A videocalling feature for the fixed-line number customers
    • MyJio – A Jio account using which the Jio users can manage their Jio account and digital services

    Jio also has a list of other products and services. Here are some important ones to know about:

    • Mobile broadband service
    • JioFiber
    • JioBusiness
    • JioNet Wi-fi
    • JioPhone Next

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    Jio – Competitors

    There are many telecommunication brands that have thrived for long years in the telecommunication space of India. Popular brands like Airtel, Idea, Vodafone, etc. had achieved the customer’s trust for years and are still among the Reliance Jio competitors. However, with the disruptive entry of Jio, they had to hurry things up and make significant changes in their business models, strategies, and workings to match up with Jio’s radical approach.

    Small network operators like Aircel, Tata Teleservices, and Telenor had to shut down their functions in India because of the revolution brought by Jio into the market. The profits of other Telecom operators have also drastically decreased since Jio’s inception. Idea also had to merge with Vodafone eventually to make the company Vodafone Idea or Vi.

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    Jio – Future Plans

    Mukesh Ambani, recently in an interview, stated that Reliance Jio is now focusing on growing the teledensity in the rural and remote areas. The company is continuing to grow in demand for telecom services and provides digital services with greater services.

    Reliance Jio planned to build a data center in UP with approximately $950 million as an investment on February 23, 2021. This center will be powered by its own renewable energy plant.

    The company may also expand from being a digital telecom service provider to a digital services player which also offers services related to agriculture, healthcare, and education. Jio also aims to be an influencer and initiator in bringing and developing 5G services in India. The future Reliance Jio projects also include the launching of the 5G and 6G services, and the launch of the JioPhone Next, which was done in November 2021.

    FAQs

    What is Reliance Jio Tagline/Slogan?

    The slogan of Reliance Jio is ‘Digital Life’ while a popular tagline of Jio has been ‘Jio jee bharke’, which means live life to the fullest.

    Who is Reliance Jio Founder?

    Mukesh Dhirubhai Ambani is the founder of Reliance Jio.

    How much is Reliance Jio Revenue?

    In the second quarter of FY2021, it reported a revenue of INR 17,481 Cr with a profit of INR 2,844 Cr. In Q1, the company reported INR 16,557 Cr in revenue. Reliance Jio’s average revenue per user (ARPU) has gone up to INR 140, during Q1 of FY2021.

    Who are Reliance Jio’s top competitors?

    Airtel, and Vi are the prominent competitors of Reliance Jio.

    How much is Mukesh Ambani’s net worth?

    Mukesh Ambani’s net worth is $90.7 bn, as of April 2022.

    Does Reliance Jio have any subsidiaries?

    Yes. Reliance Jio’s subsidiaries are LYF and Reliance Jio Infocomm Pte. Ltd.

    How much is Reliance Jio’s customer base?

    As of April 2022, Reliance Jio recorded 179.93 million users.

  • Oil & Gas Industry in India 2022: Market Size, Key Players, Recent Plans

    The Oil and Gas Industry has been playing a vital role in the development of the Indian Economy as well as being a crucial sector among the eight core industries in India. Apart from the agricultural, Automobile, Chemical, and other major industry sectors, the oil & gas industry lobbying an impact on the Indian economy since its commencement.

    Back in time, people considered petroleum, gas, oil, diamonds, gold, and other high-priced metals, as a source of income in trading them. Moreover, India stands as the 3rd Largest consumer of oil in the world and fourth place as the biggest refiner in the world.

    The industry accomplishes every task that they have planned to do before the deadline, and ultimately became an on-demand energy industry globally. Whereas, India was the second top net crude oil products importer as of 2019. Regardless, the industry is also planning to enhance as much as an investment to result in the top oil & gas industry in the world.

    The journey began in 1889, when India discovered the first oil deposits and gas fields in the town of Digboi, Assam. Later, India magnified the natural gas and oil industry in the 1960s and dilated the services to a pinnacle industry, and eventually bolstered the economy as a prominent industry in India.

    The Oil and Gas Industry in India built reserves & Petrol stations etc. Besides, it cast the Indian economy in good terms of Imports, trading, refining, consumption, distribution, and foreign trade.

    Classification of Oil & Gas Industry in India
    Market size of Oil & Gas Industry in India
    Recent plans of the Oil & Gas Industry in 2022
    Key Players to Look Out for in the Oil & Gas Industry in India

    Classification of Oil & Gas Industry in India

    The oil and gas industries are further breakdown into three distinct parts. These parts are named Upstream companies, Midstream companies, and Downstream companies. The basic details about all the three companies are given below.

    Classification of the Oil and Gas industry into three different companies
    Classification of the Oil and Gas industry into three different companies

    Upstream Companies:

    The Oil and Gas Industry in India looks for dormant underground crude oil or natural gas by penetrating exploratory wells and extracting the resource to the surface. Notable Oil and Gas Industry in India Upstream attributes to the exploration and production sector.

    Midstream Companies:

    On the other hand, those extracted resources are meant to process, stored, marketed, and traded as exports. Therefore, Midstream companies function as a connection between the production area and the ultimate consumer location (marketplace).

    Downstream Companies:

    The third category of the Oil & Gas industry operates the part of oil refineries, petroleum products distributors, planters of petrol chemical stations, and retail outlets of natural gas.

    Market size of Oil & Gas Industry in India

    The Indian Oil & Gas industry became the third-largest consumer of oil in 2021 and planning to accomplish the position of the largest contributor to non-OECD petroleum consumption thrive.

    As mentioned above, India attains as one of the topmost crude oil production abreast importers in the world. In recent times, a provisional refinery has been installed on the concurred of Government to burgeon as the Largest Domestic refiner at a worth of crude processing capacity of 1.24 million Barrels Per Stream Day (BPSD).

    Last year the world faced a down economy because of the ongoing pandemic. According to the reports for the Financial year 2021, the industry faced a drawback in the exports of petroleum products which are estimated to fall from 65.7 to 56.8 MMT. However, with the change in the world stability, crude oil imports were recorded to rise sharply with the worth US $94.3 billion in FY 2022.

    Export of Petroleum Products from India (MMT)
    Export of Petroleum Products from India (MMT)

    Nevertheless, still, the oil & gas industry in India showed a spiked percentage of 3.7% in the consumption of petroleum products which is comparable to the financial year 2019. In 2020, the Gas Authority of India Ltd. held the largest share of the country’s natural gas pipeline network.

    For the year 2021, the industry anticipates enticing US corporations to invest around 25 billion dollars in Upstream companies by 2022. Additionally, the Oil & Gas industry in India showed a reduction in crude oil production which stood at 30.5 MMT for FY21, analogous to the 32.2 MMT in FY20.

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    Recent plans of the Oil & Gas Industry in 2022

    The major plans and schemes for the Oil and Gas Industry can be seen in the Union Budget. The government has allocated funds worth INR 12,480 crores for direct benefit transfer of LPG and INR 1078 crores for feedback subsidy to BPCL / AssamGas Cracker Complex in the year 2021.

    Prime minister Narendra Modi in February 2021, declared that INR 7.5 trillion will be invested by the Indian Government in improving Oil and Gas Infrastructure in the upcoming five years.

    An LNG (Liquified Natural Gas) policy draft was published by the petroleum and Natural gas ministry and it aims at increasing the LNG regasification capacity of India.

    In February 2022, Mr. Hardeep Singh (the minister of petroleum and natural gas) was noted to announce that India will increase its oil and gas exploration area to 0.5 million sq. km by the year 2025. He was also noted to further clarify that the exploration area will be increased to 1 million sq. km by the year 2030. These changes will be applied to increase the domestic output from the oil and gas sector.

    Key Players to Look Out for in the Oil & Gas Industry in India

    There are not many players in the Oil and gas sector of India. Yet, amongst them all, the top players in the Oil and Gas Industry in India that have made their mark are:

    Key players for Oil and Gas industry in India
    Key players for Oil and Gas industry in India

    Reliance Industries Limited (RIL):

    Reliance Industries Limited trades in the research and analysis of Oil and Gas and production is also a key part of the business concern. Reliance Petroleum headquartered in Ahmedabad, Gujarat founded in 2008 falls under the petroleum and natural gas industry. It was merged with Reliance Industries Limited in 2009.

    Oil and Natural Gas Corporation (ONGC):

    Oil and Natural Gas Corporation is a government-owned corporation that handles in production and distribution of crude oil and natural gas in India. In India, ONGC is the largest company that produces and explores oil and gas reserves. The company is owned by the petroleum and natural gas ministry of India and was founded in 1956.

    Indian Oil Corporation Limited (IOCL):

    Indian Oil Corporation is a publicly owned conglomerate. It is a property that is in the possession of the petroleum and natural gas ministry, Government of India. It is headquartered in New Delhi and was founded in June 1959.

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    Conclusion

    India with its increasing population has increasing needs and this is true in the case of Oil and Gas procurement and usage in India. India is the third-largest consumer of Oil in the world. Petroleum products have the highest share of 14 percent in Indian exports.

    This points out that the Oil and Gas industry is one main source of revenue for the country and the increasing energy demands of the country can only signify the rapid growth of the Oil and Gas Industry in India in the future.

    FAQs

    Where is India’s largest oil field located?

    The largest oil field in India is Bombay high. It is known to be situated 161 km north of the Bombay coast in Mumbai, Maharashtra.

    What is the future of the oil and gas industry in India?

    The industry of oil and gas in India will be seen a decline in the use of biofuels, batteries, and hydrogen rather than consuming more non-renewable resources to fulfill the demand of citizens.

    Who produces gas in India?

    The major of the gas is produced in the Gujarat state of India. About 11% of gas is produced by Gujarat and the remaining is made by a bunch of states such as Andhra Pradesh, Assam, Tripura, Tamil Nadu, and Rajasthan.

    What is the GDP percentage for the oil and gas industry in India?

    The oil and gas industry is counted among the 8 core industries contributing to the Indian GDP. The oil and gas industry stands for 15% of the country’s Gross Domestic Product (GDP).

  • List of Private Companies That Manufacture Defence Equipment in India

    Indian military is one of the world’s most advanced and High-tech military, with a vast number of military personnel serving actively and in reserves. With the increase in threat from neighboring countries such as China and Pakistan, the Indian military has prepared themselves accordingly. The government Companies such as Hindustan Aeronautics Limited and DRDO are the base developers of military equipment. Along with them, the ordnance factories work hand in hand to provide quality arms.

    But in India, the private players have always contributed to the design and development of modern warfare equipment. Most of these companies are well-known Indian Multinational companies trusted across India. From Ammunition to Shipbuilding and from small devices to large bulletproof armored carriers, private players always work as a backbone for the defense industry in India.

    Private Companies Manufacturing Defence Equipment in India

    1. TATA
    2. Reliance
    3. Mahindra
    4. Adani
    5. Kalyani Rafael Advanced Systems
    6. Larsen and Toubro
    7. Ashok Leyland
    8. Alpha Design Technologies Pvt Ltd.

    How profitable will be the private sector for the Indian defense industry?
    Conclusion
    FAQs

    Top Defence Manufacturing Companies In India

    TATA

    TATA Defence Equipment Manufacturing Company
    TATA Defence Equipment Manufacturing Company

    When it comes to manufacturing, we cannot forget the name TATA. Probably the most trusted company in India, TATA has manufactured a wide range of defense equipment for Years. The TATA Advanced systems limited(TASL) delivers quality missile systems, radar systems, UAVs, and other security solutions to the Indian military forces. Tata Power SED helps in the upgrade of defense equipment. Also, it provides digital software engineering solutions to the armed forces, border security sensors, underwater naval equipment, etc.

    Apart from these, who doesn’t remember the TATA armored trucks used for several years? The TATA Aerospace and defense helps in the development of Aerospace defense equipment. Also, TATA has manufactured and designed armored vehicles for the Indian Army.

    Reliance

    Reliance Industries Defence Equipment Manufacturing Company
    Reliance Industries Defence Equipment Manufacturing Company

    Reliance group is known to all for its widespread business and manufacturing across India. The Reliance Naval and Engineering Limited of Reliance Industries has one of the largest engineering infrastructures in the world.

    Reliance Naval group helps in Naval systems development and Shipbuilding. It owns a large shipbuilding facility with a dry dock. The Navy and coast guard of India has got modern Hi-tech simulators and Weapons from Reliance Naval. Also, Reliance Naval is the first private company to receive contracts from the Government to build giant warships.

    Mahindra

    Mahindra Defence Equipment Manufacturing Company
    Mahindra Defence Equipment Manufacturing Company

    The Mahindra group has manufactured defense vehicles for a long time in India. In today’s date, the Mahindra group has expanded its services in the defense sector. Along with armored carriers made for the Indian Army, the Mahindra group grows in other formats. Mahindra Aerospace is owned by the Mahindra Group and focuses on aerospace solutions related to the defense industry. The group mainly focuses on Utility aircraft and aerospace structural developments. This group is also associated with the production of quality steel products for the same.

    Some of the well-known defense equipment by the Mahindra group are communication systems, border security solutions, radars, mine-protected vehicles, etc.

    Adani

    Adani Defence Equipment Manufacturing Company
    Adani Defence Equipment Manufacturing Company

    The Adani group is one of India’s largest conglomerate companies. The Adani group has been an active participant in manufacturing and delivering quality defense equipment. The Adani Aero Defence and technologies limited has excellence in military design and systems integration services. The Adani defense manufactures UAVs and exports them to global markets as well as for usage In India. Along with this, the group also manufactures small arms for the military.

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    Kalyani Rafael Advanced Systems

    Kalyani Group Defence Equipment Manufacturing Company
    Kalyani Group Defence Equipment Manufacturing Company

    The Kalyani Group is an Indian private company partnered with the Israeli Rafael Advanced systems to manufacture defense-related equipment. Recently the company received their BARAK missile kits for both the Indian Army and the Air force.

    The Kalyani Group has partnered with some other companies to build a robust military infrastructure in n India. The group also got the responsibility to manufacture the ATAGS Howitzer guns for the Army. Bharat Forge under the Kalyani group develops and manufactures Armoured vehicles for the Army. Also, it Serves its technology in the aerospace sector.

    Larsen and Toubro

    Larsen & Turbo Defence Equipment Manufacturing Company
    Larsen & Turbo Defence Equipment Manufacturing Company

    L&T is known across India as a soul engineering and construction company. But Larsen &Turbo also undertakes manufacturing and production of defense-related equipment and weaponry.

    The skilled engineers of L&T manufactured Missile systems and launchers for the Indian military for years. Also, it helps in the design of many weapons and systems by working along with DRDO.

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    Ashok Leyland

    Ashok Leyland Defence Equipment Manufacturing Company
    Ashok Leyland Defence Equipment Manufacturing Company

    The solid and rigid stallion troop carriers are one of the best military vehicles offered by Ashok Leyland’s Defence wing. Ashok Leyland has manufactured thousands of pages, such as big armored trucks for the Indian Army. Ashok Leyland’s Diesel engines provide power to boats and generators for the military.

    The group has also developed Mine protected vehicles and logistical support vehicles with modern technology available. Also, the group has supported the Artillery regiment by manufacturing cars for them to carry the artillery.

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    Alpha Design Technologies Pvt Ltd.

    Alpha Design Technologies Defence Equipment Manufacturing Company
    Alpha Design Technologies Defence Equipment Manufacturing Company

    The Make in India project and India’s Government’s exposure to private entities have proven fruitful. Alpha Design technologies will produce electronic gears, assembly lines, simulators, and many defense-related structures for the Indian defense forces. Many other private companies (small and medium scale) also manufacture several small and essential equipment for the defense industry and support these private giants.

    How profitable will be the private sector for the Indian defense industry?

    Private companies are not new to the Indian defense market. Since the beginning, the Army, Navy, and Air force have been using equipment manufactured by private entities. But with extensive modernization and technology development, private companies are becoming necessary to support the defense industry.

    With much more equipped infrastructure, better manufacturing capabilities, International collaborations, ànd a skillful workforce, the private players will be a gift for the Government. In today’s date, many new defense-related startups are emerging and are collaborating with private giants. The private sector also acquisitions a few public sector defense facilities to expand their production, resulting in much more advancement.

    The private players are stepping in to make India a massive market for indigenous production by manufacturing new weapons and vehicles such as Kalyani M4 vehicles, ATAGS Howitzers, Surveillance radars, and many more.

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    Conclusion

    With time, the Indian defense forces are getting more and more equipped with modern weapons and vehicles. India till today also has a high import rate in defense products, but the exports are comparatively lower. The private players will prove to be the most significant part of the military development in India. The Government, on its part, is putting its best efforts into introducing private entities in many defense-related fields and hopes to become fruitful shortly. And our defense forces will become more robust shortly with these developments for sure as it’s just the beginning.

    FAQs

    What are the Defence equipment manufacturing companies in India?

    Here are the list of defence equipment manufacturing companies in India:

    Private Companies

    • TATA
    • Reliance
    • Mahindra
    • Adani
    • Kalyani Rafael Advanced Systems
    • Larsen and Toubro
    • Ashok Leyland
    • Alpha Design Technologies Pvt Ltd.

    Government Companies

    • DRDO
    • Bharat Dynamics
    • Garden Reach Shipbuilders & Engineers
    • Bharat Electronics Limited
    • Armoured Vehicles Nigam Limited (AVANI)
    • Hindustan Aeronautics Limited

    What are the equipment needed in Indian Army?

    Some of equipment of the Indian Army includes:

    • Individual Protection Equipment
    • Infantry weapons
    • Vehicles
    • Artillery
    • Missile systems
    • Air defence
    • Aircraft
    • Radar

    How many defence PSUs are there in India?

    There are sixteen Central Public Sector Undertakings under the administrative control of the Department of Defence Production, Ministry of Defence.

  • Failures of Reliance Industries to Learn Lessons From | Reliance Failed Projects

    Reliance Industries Limited (RIL) is a private Indian multinational conglomerate business based in Mumbai. Regarding market capitalization and sales, Reliance Industries is India’s most profitable corporation and the country’s largest publicly traded firm. It is India’s tenth largest employer, employing over 236,000 people. RIL has a market capitalization of US$243 billion as of October 2021. The company is ranked 155th on Fortune’s Global 500 list of the world’s largest firms in 2021.

    Reliance is responsible for over 5% of the entire customs and excise tax income collected by the Indian government. It is also the private sector’s top income tax payer in India.

    RIL has improved its dominant position in various more minor fashion and lifestyle industry markets. The corporation has recorded a twofold increase in income from small-town retailers. JioMart is currently connected with over 400 retailers, with daily orders increasing by over 2x quarter-on-quarter. Lets get a glance at some of the Reliance projects that failed in market.

    Reliance Failed Projects

    Petrochemicals
    Reliance Fresh
    Reliance Jewels
    Reliance Trends
    Reliance Time Out
    Reliance Health Insurance
    Conclusion
    FAQs

    Petrochemicals

    Reliance Refining is in a significant crisis.

    The petrochemicals division, which only a few quarters ago became RIL’s largest EBIT (earnings before interest and taxes)-generating vertical, has grown by 42.9 per cent to Rs 8,221 crore in EBIT. In comparison, refining’s EBIT declined 18% to Rs 5,055 crore. Revenues from the refining and petrochem verticals also climbed under the 10.4% increase in the average Brent oil price in the third quarter. In a news release, Chairman Mukesh Ambani mentioned “heightened volatility” in the oil price as one of the issues.

    The benchmark Singapore complex margin averaged $4.3 per barrel in the third quarter, down from $6.1 in the second quarter and $7.2 in the third quarter of 2017-18. ” Singapore margins were driven down by a fall in light distillate cracks, despite advances in fuel oil and intermediate distillate cracks “, In a statement, RIL said. OPEC’s increased crude oil output also negatively impacts crude oil benchmarks.

    Another concern for the corporation is oil and gas exploration and production (E&P). The segment’s revenue decreased by 27.5% to Rs 1,182 crore. However, the company’s EBIT loss remained at Rs 185 crore. The loss during the second quarter was Rs 480 crore. RIL has invested Rs 40,000 crore in its Krishna Godavari blocks with its partner BP Plc to revive E&P activity, but it has failed to persuade investors.

    About Reliance Petrochemicals

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    Reliance Fresh

    Reliance Fresh - Reliance Failed Project
    Reliance Fresh – Reliance Failed Project

    Biyani, known as the “Father of Indian Organized Retail,” employed aggressive pricing to lure middle-class customers to his outlets, including Big Bazaar, Central, and Brand Factory, and built a retail behemoth. However, his enterprises were saddled with net debt of Rs 12,989 crores, with the promoters’ total equity committed to lenders.

    “We required a holistic solution rather than a solution in a certain format because our businesses were so interwoven.” As a result, this was probably a reaction to our presence.” On a turnover of Rs 3,860.4 crore, Reliance Fresh Ltd lost Rs 273.8 crore.”

    Reliance Jewels

    Reliance Jewels - Reliance Failed Project
    Reliance Jewels – Reliance Failed Project

    Reliance Retail, India’s big fish, maybe exit the jewellery business. The corporation run by business mogul Mukesh Ambani is up against stiff competition from regional rivals, which might force it to shut down its jewellery retail operation. It now conducts its retail jewels business under the ‘Reliance Jewels’ brand from over 50 locations around the country.

    Reliance Retail, the retail arm of Reliance Industries, has closed roughly ten Reliance Jewels stores, including several of the brand’s flagship locations on Hughes’s Road near Ambani’s 27-story mansion Antilia in South Mumbai and Park Street, Kolkata’s historic high street.

    According to people close to the stores, Reliance Jewels have not impacted the domestic jewellery industry, which requires a brand to remain dedicated for years. Meanwhile, regional players began to expand rapidly. Reliance Retail continues to close more jewellery stores, which may be the end of their narrative in this category. A message was submitted to the Reliance Retail representative by a well-known newspaper. However, it received no answer. The Indian jewellery market is one of the country’s fastest-growing sectors since it is the world’s top importer and consumer of gold.

    Reliance Trends - Reliance Failed Project
    Reliance Trends – Reliance Failed Project
    • However, in Reliance Trends’s market wishes to enter, competition is fierce. Retailers such as Landmark Group’s Max and hypermarkets such as Big Bazaar and More sell value items in the mid-market. Cantabil Retail, a recently listed company, is likewise pursuing a similar strategy of accessing tier-II towns and attracting middle-class customers. In the current fiscal year, it expects to open 180 outlets.
    • On a sales of Rs 489 crore, Reliance Trends, which operates apparel boutiques, lost Rs 11.35 crore on a turnover of Rs 1,234 crore.

    Reliance Time Out

    Reliance TimeOut - Reliance failed Project
    Reliance TimeOut – Reliance failed Project

    Shops that offer books, music CDs, and stationery find it challenging to come up with new ideas as online shopping becomes more popular. Due to fierce competition from online shopping portals and a drop in client base, Reliance TimeOut, a one-stop store for books, music, toys, and stationery has halted operations and is forced to close down.

    Reliance Health Insurance

    Reliance Health Insurance- Reliance failed Project
    Reliance Health Insurance- Reliance failed Project

    Reliance Health Insurance, Reliance Capital’s separate health insurance unit, has been ordered by India’s Insurance Regulatory and Development Authority (Irdai) to transfer its entire portfolio to Reliance General Insurance and has been barred from selling new plans.

    Reliance Health Insurance was reported to have a solvency margin of 106 per cent in the June quarter (Q1FY20), significantly below the statutory threshold.

    One hundred fifty per cent, according to Irdai. Since then, the solvency margin has fallen even more, to 77% in August and 63% in Q2FY20.

    With effect from November 15, the regulator has also instructed Reliance Health Insurance, which began operations in October 2018, to transfer all policyholder investments and its financial assets to Reliance General.

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    Conclusion

    Threats develop when situations in the external environment jeopardize the organization’s business’s dependability and profitability. These external influences might have a significant impact on the company’s performance. Still, Reliance has impacted the economy and may lose clients as a possibility due to the current scenarios and the current trajectory of Reliance. But, Reliance is known to bring customers mainly due to the inexpensive costs it offers. One such example is the market response to removing free services—but Reliance Jio won the market and is now linked to a slew of freebies. There may be a decline in sales for the firm if these are eliminated.

    FAQs

    What are the failed products of Reliance?

    Some of the failed products of Reliance are:

    • Petrochemicals
    • Reliance Fresh
    • Reliance Jewels
    • Reliance Trends
    • Reliance Time Out
    • Reliance Health Insurance

    What is the main business of Reliance Industries?

    The core business of Reliance industries is petrochemical, refining, oil and gas-related operations.

    What are the products of Reliance Industries?

    Some of the core products of Relince Industries are:

    • Transportation Fuels
    • Aviation Turbine Fuel
    • Auto LPG
    • Fleet Management Services
    • Highway Hospitality Services
    • Convenience store
    • Foods
    • Lubricants