Tag: reliance retail

Mukesh Ambani: The Visionary Business Mogul Redefining Asia’s Business World With Innovation, Influence, and Impact

MD and Chairman of Reliance Industries, Mukesh Dhirubhai Ambani is India’s very own desi Richie Rich. With a staggering net worth of $119.5 billion, the Indian billionaire is not only the richest man in Asia and 9th richest in the world but is also 1st on the Forbes List of India’s 100 Richest Men.

In this StartupTalky story, we’ll dive into the success story of Mukesh Ambani, his early life, childhood, personal life, education, philanthropy, Reliance Industries, achievements, and more.

Mukesh Ambani: Biography

Name	Mukesh Dhirubhai Ambani
Born	19th April, 1957
Nationality	Indian
Profession	Chairman & Managing Director, Reliance Industries
Education	St. Xavier’s College, Mumbai Institute of Chemical Technology (B.E.)
Spouse	Nita Ambani
Children	Akash Ambani, Anant Ambani, Isha Ambani
Siblings	Anil Ambani (brother) Nina Bhadrashyam Kothari (sister) Dipti Dattaraj Salgaonkar (sister)
Parents	Dhirubhai Ambani (father) Kokilaben Ambani (mother)
Net Worth	$119.5 billion

Mukesh Ambani: Raised From Humble Beginnings
Mukesh Ambani: Bright From The Start
Mukesh Ambani: Home & Family
Mukesh Ambani: Family Feuds
Mukesh Ambani: Expanding of RIL
Mukesh Ambani: A Doyen of Business
Mukesh Ambani: Building A Nation
Mukesh Ambani: Achievements and Recognition
Mukesh Ambani: Trouble in Paradise
Mukesh Ambani: Philanthropy
Mukesh Ambani: Memberships of Boards
Mukesh Ambani: Famous Quotes!

Mukesh Ambani: Raised From Humble Beginnings

Born to Dhirubhai and Kokilaben Ambani on the 19th of April, 1957 in the British Crown colony of Aden, Mukesh Dhuribhai Ambani has three siblings- Anil Ambani, Nina Bhadrashyam Kothari, and Dipti Dattaraj Salgaonkar.

Dhirubhai Ambani owned a spices and textiles business called “Vimal” which was rebranded as “Only Vimal” later and soon moved to India to begin trading while the Ambani family stayed in Yemen.

Born from simple beginnings, the Ambani family resided in a simple two-bedroom flat in Mumbai until the 1970s and continued to live in a Chawl communal society and use public transport even after their economic condition improved with time. It was much later that Dhirubhai Ambani bought the 14-storey apartment complex “Sea Wind” in Colaba where the families started living on independent floors.

Mukesh Ambani: Bright From The Start

Mukesh Ambani completed his schooling at Hill Grange High School along with his brother and friend Anand Jain. He completed his graduation from St. Xavier’s College and went ahead to pursue his B.E. in Chemical Engineering from the Institute of Chemical Technology.

The gifted student had also enrolled for his MBA from Stanford University but dropped out in 1980 to aid his father in setting up their fast-growing enterprise- the iconic Reliance. His belief in learning from real-life situations and not in classrooms- a proven ideology has made Mukeshbhai Ambani the business tycoon he is today.

As a man of the soil, he also invited his son to take over the yarn manufacturing plant and learn from life experiences rather than pursue theoretical degrees.

Mukesh Ambani: Home & Family

Married in 1985 to Nita Ambani, Mukesh is a father to three children; the twins Akash and Isha and son Anant Ambani, Mukesh Ambani fulfilled the role of being a devoted son by agreeing to an arranged match that was arranged by his father who had spotted Nita at a dance performance.

Despite living in the 27-storeyed prestigious Antilia and being surrounded by 600 staff members, 3 helipads, a fitness center, a private movie theatre, and a 160-car garage, and becoming India’s first private aircraft owner with his Boeing 575 Max 9 for INR 1000 crore, Mukesh Ambani remains a simple down-to-earth tea-totaller and strict vegetarian.

Mukesh Ambani: Family Feuds

Mukesh Ambani gained joint leadership of Reliance Industries in 2002 with his brother, Anil Ambani after Dhirubhai Ambani passed. Unfortunately, the brothers were unable to see eye to eye and soon Kokilaben Ambani was prompted to split the assets between the brothers. Mukesh Ambani got control of the oil, gas, and petrochemicals sectors while Anil Ambani was given power generation, telecommunications, and financial services.

Mukesh Ambani: Expanding of RIL

Mukesh Ambani is credited for setting up one of the biggest petroleum refineries at Jamnagar, Gujarat in 1999. He also spearheaded the setting up of multiple state-of-the-art manufacturing plants to increase RIL’s capacity.

Once again in 2008, he established another refinery near the first one. In 2006, he led the establishment of Reliance Retail – the largest chain of physical and online stores. As of 2023, Reliance Retail had a customer base of 249 million in India.

Mukesh Ambani: A Doyen of Business

Taking RIL to a New Height

Credited with setting up one of the biggest petroleum refineries at Jamnagar, Gujarat in 1999, Mukesh Ambani also led the charge to set up multiple innovative manufacturing plants across the country to drive RIL’s growth and established a second refinery near the first one in 2008. The feather in his cap was instituting the largest chain of online and physical stores leading to a customer base of 249 million clients in India by 2023.

The Man With The Golden Touch

The acquisition of the Mumbai Indians in 2008 brought the Ambani family into the limelight as it was the only IPL team to gain brand value during the pandemic.

Mukesh Ambani also founded Jio Platforms in 2010 as a wholly-owned subsidiary of RIL in the fields of telecommunications and eCommerce after signing the non-competition agreement signed in 2006.

February 2024 led to India’s largest media joint venture when Mukesh Ambani’s RIL came together with Viacom18 and Disney to be valued at $8.5 million and reached more than 750 million viewers with exclusive rights to distribute Disney in India.

Mukesh Ambani: Building A Nation

As a believer that the country’s national policies drive economic growth and development, Mukesh Ambani supports the government’s programs that boost digital infrastructure and renewable energy- tenets that have a strong base in Reliance Industries’ strategic investments in Jio and even commended Prime Minister Modi’s initiatives to make India the third largest global economy at the Reliance Group AGM in 2024.

As an innovative businessman, Mukesh Ambani has always backed India in areas like artificial intelligence, robotics, and life sciences that further the nation’s opportunities in the Global South while striving to eliminate developmental disparity.

RIL’s business strategies and company policies aim to increase India’s energy security, environmentally friendly projects, and economic power through positive reinforcement and impactful changes. Despite avoiding political ties, Mukesh Ambani has constantly enabled development in India’s industrial and infrastructural sectors which support the long-term vision and goals of the current government.

Mukesh Ambani: Achievements and Recognition

Some of the best achievements and recognitions of Mukesh Ambani are:

Year	Award Name	Organization
2000	Ernst & Young Entrepreneur of the Year	Ernst & Young India
2010	Global Vision Award	Asia Society
2010	School of Engineering and Applied Science Dean’s Medal	University of Pennsylvania
2010	5th best performing global CEO	Harvard Business Review
2010	Global Leadership Award	Business Council for International Understanding
2016	Foreign associate, US national academy of Engineering	National Academy of Engineering
2016	Othmer Gold Medal	Chemical Heritage Foundation
2019	Padma Vibhushan	Indian Government
2024	Lifetime Achievement Award	Voice & Data
2024	Brand Guardianship Index	Brand Finance

Mukesh Ambani: Trouble in Paradise

When RIL went public in 2006 as a subsidiary of Reliance at Rs. 60 per share, the stock market crash of 2007 saw their share prices float to Rs. 100 per share and then come back to Rs. 60. A fine that cost RIL Rs. 950 crores for manipulation of shares of RPL as SEBI believed that RIL carried out organized operations with their agents to help gain unauthorized profits from trading its listed unit, RPL, that was combined with the former.

Mukesh Ambani: Philanthropy

Reliance Foundation Initiatives: The Reliance Foundation was set up in 2010. This foundation is predominantly working in the areas of health, education, rural development, and sports. It has benefited millions of Indians through these programs.
Healthcare: Providing free health services and specialized medical care through hospitals and mobile clinics. Reliance Foundation Hospital in Mumbai is a good example.
Education: Scholarships to postgraduate and undergraduate students and initiatives that promote youth in digital and green innovation.
Rural Development: Projects include water conservation, agricultural support, and livelihood improvements in rural villages.
Sports Development: Sponsorship and coaching of Indian sportspersons, involving support for participants in Asian Games and making an effort to get the game of cricket featured at international events.
Disaster Relief: Donations to disaster-stricken regions, including aid to the families of those who were martyred and relief efforts during the COVID-19 pandemic.
Sustainability and SDGs: Partnership with the United Nations toward addressing Sustainable Development Goals, focusing on leadership for the country, especially concerning India’s influence toward betterment worldwide.
Cultural Conservation: Grants to the domain of art, culture, and education, promoting Pichavai art and Olympic values in India.

Mukesh Ambani: Memberships of Boards

Former Vice-Chairman, Reliance Petroleum
Chairman of Board, Reliance Petroleum
Member of the Board of Governors, Institute of Chemical Technology
Former Chairman, Indian Petrochemicals Corporation Limited
Chairman, MD, of the Finance Committee
Former director, Member of Credit Committee, and Member of Compensation & Benefits Committee, Bank of America Corporation
Chairman and Chairman of Audit Committee, Reliance Retail Limited
Member of the Board of Trustees of the World Economic Forum

Mukesh Ambani: Famous Quotes!

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I am a big believer that whatever has gone lies in the past. You should only learn from it, and you should only look at the present and the future. That’s been my father’s philosophy and mine as well.

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At Reliance, we have always believed in investing in the businesses of the future and in investing in talent.

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I have always believed that technology drives human civilization’s endeavour and progress.

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My obsession is with technology and how it can improve human life. In my view, what we have seen in the last 300 years is only a trailer.

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I am personally a big believer that technology is the biggest driver of human development, and if you can use technology to benefit people, then that’s the best business you can have.

FAQs

Who is Mukesh Ambani?

Mukesh Ambani is an Indian billionaire and the chairman of Reliance Industries, one of the largest conglomerates in India. He is involved in various industries, including petrochemicals, refining, oil, telecommunications, and retail. Mukesh Ambani is one of the richest people in the world.

Who is Mukesh Ambani wife?

Mukesh Ambani is married to Nita Ambani.

What is the net worth of Mukesh Ambani?

The net worth of Mukesh Ambani as of November 2024 is $119.5 billion.

How Dhirubhai Ambani became rich?

Dhirubhai Ambani became rich by starting Reliance Industries in 1966, focusing on textiles, and later expanding into petrochemicals, oil, and telecom. He used innovative strategies like raising capital through public offerings and vertical integration to grow his business rapidly, making him one of India’s wealthiest entrepreneurs.

Who is Mukesh Ambani right hand man?

Manoj Modi, often called Mukesh Ambani’s “right hand,” plays a key role in making important decisions for Reliance Industries and its subsidiaries. His daughter is also actively involved in the company and works closely with Isha Ambani.

November 25, 2024

Isha Ambani: More Than Just A Billionaire’s Daughter, A Perfect Fusion Of Beauty, Brains, And Business Brilliance

Isha Ambani, the eldest child of India’s richest man, Mukesh Ambani, and coheir to India’s largest conglomerate, Reliance Industries, is more than just a billionaire’s daughter. Coming from a prominent business family that has shaped India’s economy, Isha could have easily stepped into the shadows of her father’s legacy. In lieu, she carved a niche for herself as a modern-day ‘Maharani’, illuminating her path with grace, intelligence, and entrepreneurial spirit.

Born and raised in a world of grandiosity, Isha from her early days has always been in the spotlight as a fashion icon. Still, her vision stretched far beyond into the future of retail and digital India. As a key executive at Reliance Industries, she is redefining business boundaries and has demonstrated an exceptional ability to balance tradition with innovation.

Armed with an Ivy League education, Isha’s journey wasn’t just about inheriting a legacy but about rewriting it. With her sharp business acumen, she is the driving force behind Reliance Retail and Jio, making her mark globally. Yet her journey wasn’t without its hurdles while carving her path. Steering through the corporate complexities, Isha has championed sustainable practices, turning obstacles into opportunities.

Isha’s influence extends beyond the corporate world as a prominent philanthropist and a champion for women’s empowerment. From boardroom meetings to defining some of the most innovative ventures, let us unveil how Isha is taking her father’s empire to new heights.

Learn about Isha Ambani, her education, career, family, philanthropy, controversies, Reliance, and more from this article.

Isha Ambani – Biography

Name	Isha Ambani
Born	October 23, 1991
Nationality	Indian
Hometown	Mumbai
Education	Stanford Graduate Business School Yale University
Profession	CEO Reliance Retail Director Reliance Industries Limited Director Reliance Jio Infocomm Member of Board, Jio Member of Board, Jio Financial Services Member of Board, Dhirubhai Ambani International School
Net Worth	$100 million
Spouse	Anand Piramal
Children	Krishna Ambani Piramal (Son), Aadiya Ambani Piramal (Daughter)
Parents	Mukesh Ambani and Nita Ambani
Siblings	Akash Ambani and Anant Ambani

Isha Ambani – Early Life and Education
Isha Ambani – Career
Isha Ambani – Personal Life
Isha Ambani – Philanthropy
Isha Ambani – Controversies
Isha Ambani – Awards And Recognition
Isha Ambani – Famous Quotes!

Isha Ambani – Early Life and Education

On October 23, 1991, Isha was born as the daughter of Mukesh Ambani and Nita Ambani. She is the elder of the three siblings, having a twin brother, Akash Ambani, and a younger brother, Anant Ambani. Isha was raised in the heart of Mumbai’s elite circles, where she was exposed to the business world from a young age.

Isha’s educational journey is as impressive as her family background. She completed her schooling at the prestigious Dhirubhai Ambani International School in Mumbai and later went on to pursue a degree in Psychology and South Asian Studies from Yale University. In 2018, she went to Stanford Graduate School of Business to complete her MBA.

Isha Ambani – Career

Isha commenced her career as a Business Analyst with a stint at McKinsey & Company. In 2014, she came back to India and officially joined Reliance Industries as a Member of the Board. Isha was also a Member of the Executive Committee for Reliance Jio Infocomm, the telecom arm of Reliance Industries, and quickly rose to become the Director of Reliance Jio Infocomm. In December 2015, Isha, along with her brothers Akash and Anant, launched Jio 4G services. She is also a Member of the Board for Reliance Jio, Reliance Foundation, and Dhirubhai Ambani International School.

As a part of the executive leadership team of Reliance Retail, in 2016, Isha launched Ajio, an online fashion brand under Reliance Retail. She rose to become the Managing Director for Reliance Retail, driving its rapid growth and diversification into new markets. Under her vision, Ajio has grown to house over 25,00 brands and commands 15% of the eCommerce fashion market in India with annual sales of over $2 billion. Her advanced digital-first strategy helped modernize the company’s operations, making Reliance Retail a dominant force in the Indian eCommerce market.

In August 2022, Isha was appointed CEO of Reliance Retail by her father, Mukesh Ambani. In July 2023, Isha closed a deal with America’s biggest apparel brand, GAP, and launched over 100 outlets across India. With a vision to bring luxury brands to India, she developed Jio World Plaza, a high-end shopping and entertainment complex in Mumbai, and inaugurated it in November 2023.

Over time, Isha has taken on increasingly significant responsibilities at Reliance Industries. She has been instrumental in driving the company’s expansion into new sectors, such as retail, telecom, healthcare, financial services, and new energy. Her contributions have been particularly notable in the areas of consumer products and retail, where she has played a key role in launching and growing successful businesses.

Isha Ambani – Personal Life

On December 12, 2018, Isha Ambani married Anand Piramal, the son of Ajay Piramal, Chairman of the Piramal Group. Their wedding was one of the most extravagant events that was attended by global business leaders, Bollywood celebrities, political figures, and international guests like Hillary Clinton and Beyoncé.

Isha Ambani and Anand Piramal are parents to twins, one son, Krishna Ambani Piramal, and a daughter, Aadiya Ambani Piramal, born on November 19, 2022. Despite their busy professional and social lives, Isha and Anand are known to share a deep-rooted connection with their families and have high beliefs in their families’ cultural values.

Isha is not just an entrepreneur and fashionista, but an inspiration for many young girls and women in the true sense.

Speaking openly about her motherhood through IVF in an interview with Vogue, she says, “I am very quick to say that my twins were conceived via IVF because that is how we will normalize it, right?” Isha further states, “If there is modern technology in the world today, why not use it to have children?”

She truly believes that motherhood is something you should be excited about; even if achieved through IVF, you must own it with pride and not hide. Isha’s bold move and open statements on IVF have sparked noteworthy conversations around fertility, choice, and women’s empowerment, inspiring many young women.

Isha Ambani – Philanthropy

Isha Ambani is the co-founder of the Reliance Foundation, a non-profit organization chaired by her mother, Nita Ambani. The foundation concentrates on various causes such as education, healthcare, rural development, disaster response, and sports development in India.

One of Isha’s significant contributions has been in the field of education, promoting digital schooling and sports for all. She has been instrumental in starting initiatives like ‘We Care, We Volunteer,’ which aims at providing education, art, and storytelling for underprivileged children.

In healthcare, Isha has played a key role in expanding the foundation’s initiatives to provide affordable and accessible healthcare services. Under Reliance Foundation, she has taken up the ingenuity to spread breast cancer awareness and has launched a book, Being Breast-Aware: What Every Woman Must Know,’ a book written by Dr. Vijay Haribhakti, Chair, Onco Sciences, Sir HN Reliance Foundation Hospital. To improve the overall health of millions of Indians, Isha has introduced programs, mobile health units, and community health initiatives under the Reliance Foundation.

Isha is also involved in sports development, continuing her mother’s legacy of promoting sports at the grassroots level. The Reliance Foundation Youth Sports (RFYS) program has helped thousands of young athletes hone their skills, providing them with training, equipment, and opportunities to participate in national and international events.

Beyond the Reliance Foundation, Isha and her husband, Anand Piramal, are also engaged in social impact ventures through the Piramal Foundation, focusing on healthcare, education, and social entrepreneurship. Isha’s role as a philanthropist emphasizes her commitment to driving impactful social change and uplifting marginalized communities.

Isha Ambani – Controversies

Isha Ambani has generally maintained a positive public image, but being a prominent figure, there have been a few instances where she has been a part of criticism or controversy.

Reliance Jio Controversy: Reliance Jio, a telecom company where Isha holds an executive leadership role, has faced some controversy during its launch. Many critics accused the company of using unfair tactics to gain market share and of harming the interests of existing players in the telecom industry.

Environmental Concerns: Isha’s business ventures, particularly in the energy sector, have also faced criticism over environmental concerns. Some projects have been associated with issues such as land acquisition, pollution, and deforestation.

Isha Ambani – Awards And Recognition

Isha Ambani has received several awards and accolades for her intense business acumen, leadership, and contributions to transforming Reliance Industries.

In 2015, Forbes’ 30 Under 30 Asia list for her crucial role in the launch of Reliance Jio.
In 2020, Forbes Asia’s Power Businesswomen across the Asia-Pacific region to spearhead Reliance Retail and Reliance Jio.
Among the Twelve Most Powerful Upcoming Businesswomen of Asia by Fortune India.
Second-youngest billionaire heiress on the Forbes list, with a net worth of $100 billion.
‘The Economic Times’ list of most powerful women in business.
Featured in The Times Power List.
Credited with the GenNext Entrepreneur Award at the 12th Forbes India Leadership Awards 2023.
Won Maharashtrian of the year 2024.
Recognized as a rising star at TIME100 Next List.
Ranked 31st in the Hurun India Under-35 list of entrepreneurs.
Icon of the Year Award at the Harper’s Bazaar Women of the Year Awards (2024).

Isha Ambani – Famous Quotes!

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We are living in times of exponential changes. The world is changing, the world is innovating, and if we are to survive in this fast-changing world, we too must innovate. So, for everyone present here today: Be ready to embrace the change. Be prepared to take up Science & Technology as a career option because Science & Technology hold the key to the future. The majority of future jobs are going to be in those realms. So, break the shackles to tradition, challenge yourself, and be the changemaker. – Isha Ambai as Director, Reliance Industries.

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I have a private account on Instagram because there’s no need for me to have a public account. I’m not an influencer, and it’s not something that I want to be. I don’t want to be known for the number of followers I have. I use social media for fun—scrolling through Instagram is a huge source of entertainment for me!” – Isha Ambani to Vogue.

FAQs

Who is Isha Ambani?

Isha Ambani is the daughter of Mukesh Ambani, one of the richest people in India and the chairman of Reliance Industries. She plays a key role in the family business, especially in the retail and telecom sectors. Isha is also known for her leadership in launching Reliance Jio and has been involved in various projects at Reliance.

What is Isha Ambani education?

Isha Ambani did her schooling at Dhirubhai Ambani International School in Mumbai. After that, she went to Yale University in the United States, where she earned a degree in Psychology and South Asian Studies. Later, she pursued an MBA from Stanford Graduate School of Business.

What is Isha Ambani age?

Isha Ambani was born on October 23, 1991. As of 2024, she is 33 years old.

Who is Isha Ambani husband?

Isha Ambani’s husband is Anand Piramal. He is the son of billionaire industrialist Ajay Piramal, who leads the Piramal Group, a large conglomerate in India.

October 22, 2024

Reliance Retail Will Transfer FMCG Brands to RCPL

The majority of Reliance Retail’s fast-moving consumer goods (FMCG) brands, such as Campa and several well-known private labels, are going to be transferred to the newly founded FMCG division of Reliance Consumer Products Ltd (RCPL), which is scheduled to take over their operations.

The purpose of this change is to swiftly expand the firm while maintaining a devoted focus. Snactac, Puric, Glimmer, Enzo, and Get Real are some of the private labels that are involved in the present scenario. Additionally, RCPL intends to construct four to five unique bottling factories for Campa by purchasing bottling equipment and leasing it to partners who would handle the operations. These individuals will be responsible for managing the operations. The corporation is currently engaged in negotiations to conclude these deals.

Prospective Expansion Initiatives

Reliance Retail Ventures is getting ready to invest up to INR 3,900 crore in RCPL through a combination of equity and debt, and these moves happen at the same time. As of late, RCPL was successful in obtaining board clearance for this capital infusion.

Since the introduction of RCPL in November 2022, this will be the greatest investment that Reliance Retail has made in the fast-moving consumer goods (FMCG) sector once it is finished. In addition to being a wholly-owned subsidiary of Reliance Industries, Reliance Retail Ventures also functions as the holding entity for all of the retail businesses that are held by the group, including RCPL.

During a conversation with the media, a senior executive from the industry said that an internal transfer of the brands will be carried out through various mechanisms, such as licensing, in order for RCPL to become the single FMCG organisation that owns the trademarks and sells them.

When it comes to Reliance Retail, there are some smaller private brands that will continue to fall within its purview because they will not be shared to general trade. It is anticipated that the supply of Campa would rise as a result of the creation of new bottling facilities. These facilities will solve the existing limits on bottling capacity, which have hindered the retail expansion of Campa.

Mergers and Collaborations

Reliance Consumer Products Limited (RCPL) has, ever since it was founded, placed a primary emphasis on acquiring and forming partnerships with fast-moving consumer goods (FMCG) firms. In India, notable partnerships include cooperation with companies from Sri Lanka such as Elephant House and Maliban Biscuit, which are responsible for the production and distribution of their respective products.

Additionally, RCPL has made substantial acquisitions, including the complete purchase of the candy brand Ravalgaon, a 51 percent investment in Lotus Chocolate, and a 50 percent share in Sosyo Hajoori Beverages. These acquisitions have been undertaken by RCPL. Independence, a brand that includes packaged foods, edible oil, and staples, was also introduced by the corporation recently.

List of Companies Acquired by Reliance

Discover the corporate landscape shaped by Reliance! Explore the extensive list of companies owned by Reliance in various sectors.

StartupTalkyVarad Kitey

September 17, 2024
Isha Ambani Announces Reliance Retail’s Luxurious Jewels Venture

Isha Ambani, the Director of Reliance Retail Ventures Limited (RRVL), has disclosed that the organization intends to enter the luxury jewelry sector.

Isha announced that the company is looking at expanding into the fashion jewelry and accessories segment as well as the luxury jewelry segment with a curated, design-led experience.

Avaasa, Netplay, and DNMX—all of which are homegrown brands of Reliance Retail—reached a sales milestone of over INR 2,000 crore last year, while Teamspirit and John Players both surpassed INR 1,000 crore.

According to her, to stay up with this expansion, the company has set up 18 design centers within the country and 3 abroad, making sure that their designs are appropriate for each region.

With 85% of sales coming from repeat clients, Ajio maintains its position as the go-to online fashion destination. She went on to say that the Indian market would soon be able to shop for fashionable items that are in line with international trends thanks to their collaborations with ASOS and Shein.

Growth of Reliance’s Grocery Sector

While discussing the grocery segment, she mentioned that Reliance Retail is leading the pack of rapidly expanding retailers, with a growth rate that is 2.5 times faster than the rest of modern trade.

The majority of their new store openings (11 in total) are in smaller cities, which is driving the company’s growth. “The first modern merchant to set up shop in many of these markets is us” she declared.

On top of that, Reliance Retail is actively growing its Fresh Signature and Freshpik premium formats in major urban centers. Additionally, she mentioned that the company’s vast network of Smart Points in more than 1,300 cities provides it with a notable edge in the eCommerce sector.

She mentioned that by utilizing its current supply network, the company is bringing Milkbasket to new regions.

It also reintroduced numerous well-known brands, such as Campa, Lotus Chocolates, and Sosyo, in the previous fiscal year. She said that the business partnership is confident in their direction because of the early success of all these businesses.

When asked about the Kirana segment, she stated, “We are delighted to have over 4 million registered Krana partners in our new commerce business, supported by a footprint of over 220 Metro stores across 200 cities.”

Fundamental to this endeavor is the company’s cutting-edge research and development facility in Bengaluru, which allows the business to rapidly create and distribute first-rate food items. According to her, this has resulted in significant expansion through both its channels and general commerce.

Reliance and Shein Form Partnership to Introduce Rapid Fashion in India

After a year of reportedly forging a strategic partnership, Reliance Retail Ventures is planning to launch the Chinese fast-fashion brand Shein in India in the coming weeks. Reliance Retail reportedly owns and operates physical stores as well as an app where users may purchase products of Shein. India banned Shein

StartupTalkyNitin Konde

August 30, 2024
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.

List of Companies Acquired by Reliance

Discover the corporate landscape shaped by Reliance! Explore the extensive list of companies owned by Reliance in various sectors.

StartupTalkyVarad Kitey

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

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.

March 22, 2024
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.”

KKR Ups Stake In Reliance Retail, E-Commerce Giant Enters The $100 Billion Club | N18V | CNBC TV18

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.

Investors That Make Reliance Retail The Largest Retailer In India

Reliance retail has raised 24,847crore by selling 5.6% stake to private equity and sovereign funds. It has 11,784 stores with a turnover of 1,62,936 crore.

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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

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.

September 15, 2023
Metro AG Selling Its Indian Unit | Why Is Every Big Company Eyeing It?
German retailer Metro AG which is trying to sell its Indian cash-and-carry operations for around $1.5-1.75 billion has caught the attention of a lot of big companies.

Companies like Reliance Retail, Amazon, TATA Group, Avenue Supermarts — which runs the DMart chain, Thailand’s Charoen Pokphand (CP) Group, Swiggy, Lulu Group, and PE fund Samara Capital are in the race to buy the Indian unit of Metro AG.

But, why are these companies eyeing Metro AG? What does Metro AG exactly do? To find answers to these questions, keep reading this article till the end.

Metro AG- About
Why Metro AG Wants to Exit the Indian Market?
Companies Wanting to Buy Metro AG’s Indian Unit
Why Big Companies Are Eyeing Metro AG?

Metro AG- About

Relative Market Share of Metro Cash and Carry India from FY17 to FY20

Metro AG is a German international specialist in wholesale and food retail which has made its footprints in 34 countries. The headquarters of this company is in Düsseldorf, Germany. The company operates under the cash and carry wholesale business model.

In the cash and carry model, retailers, caterers, hotels, restaurants and other special businesses purchase the goods from a wholesale warehouse and pay the invoice on the spot in cash. Customers have to arrange the transport of the goods themselves.

The Indian subsidiary of Metro was established in 2003 when the Indian government allowed 100% foreign direct investment in wholesale trade on a cash and carry business model.

The company has a chain of 31 cash-and-carry stores in India under the brand, Metro Wholesale. Only business customers can buy goods from these wholesale centres.

Main Products and Services of Metro AG

Metro Cash and Carry India provides 7,000 products to its business customers across various categories like fruits & vegetables, dairy, frozen and bakery products, general grocery, health and beauty products, media and electronics, confectionery, detergents and cleaning supplies, household goods and apparel – all under one warehouse at wholesale prices.

Target Audience of Metro AG

On Metro’s official website, the company has mentioned that its core customers in the Indian market include small retailers and Kirana stores, SMEs, and all types of offices, companies and institutions. The company also targets HoReCa- Hotels, Restaurants and Caterers.

Why Metro AG Wants to Exit the Indian Market?

Metro AG India

Metro AG generated a whopping revenue of $898 million in FY21 (Oct-Sept) and is likely to close the current fiscal year with more than $1 billion in revenues with an EBITDA growth of 30-40%. Last fiscal the EBITDA growth was 50%.

Even after earning so much revenue, why does the company want to exit the Indian market? The reason is increased competition. When Metro AG entered the Indian market in 2013, there were not a lot of players. But, now the situation has completely changed. Metro AG is facing tough competition from Reliance and Udaan.

To fight the competitors the company has to spend $300 million to stay relevant in the market in the short term. But, the parent company METRO is not ready to spend this huge amount to beat its competitors.

Although tough competition is not the only reason for the company to surrender their Indian unit.

“Selling below cost and free delivery of goods are the issues. Most competitors are operating at negative 20-25% EBITDA,” said an industry veteran who doesn’t want his name mentioned in the article.

“At Metro, we regularly assess our international portfolio, such as our market position in the respective country, the life cycle of our operations, and the growth potential of our business. This is a general approach and normal business applied to all countries, including India,” said Gerd Koslowski, the company’s global director of corporate communications.

Metro wants a profitable business in India which is not possible in the near future and that’s why the company is selling its Indian unit.

Last year the company exited Japan and Myanmar due to increased competition. The company has also closed its business in Russia due to its war with Ukraine.

The company has appointed JP Morgan and Goldman Sachs, the most respected investment banks, to find a buyer for their business.

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Companies Wanting to Buy Metro AG’s Indian Unit

In the beginning, the following companies were in the race of buying Metro AG:
- Reliance Retail
- Amazon
- TATA Group
- Avenue Supermarts — which runs the DMart chain
- Thailand’s Charoen Pokphand (CP) Group
- Swiggy
- Lulu Group
- PE fund Samara Capital
- Walmart – Flipkart
- PremjiInvest
But, now Flipkart-Walmart, DMart and Amazon have opted out of this race.

So, now the fight for Metro AG is between Reliance Retail, TATA Group, Charoen Pokphand (CP) Group, Swiggy and PremjiInvest.

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Why Big Companies Are Eyeing Metro AG?

Metro AG Selling Its Indian Unit

According to Statista, the Indian retail market in 2020 was worth 800 billion USD. By 2026, this figure will reach 1.7 trillion USD. The Indian quick commerce market will reach $5 billion by 2025.

Since Metro AG already has a huge chain of warehouses, wholesalers and retailers, this gives these companies a big chance to tap into the booming retail and quick commerce market. This is the very reason why all of the big companies are fighting to buy the Metro AG.

The company which is trying to disrupt the retail and quick commerce segment is Reliance. The company has already made huge efforts since 2021 to build a large number of wholesale centres for food and grocery, apparel, electronics, and medicines. Reliance is also integrating numerous small shops into its business strategy. Mukesh Ambani has said that they are planning to onboard more than 10 million merchant partners over the next three years.

The main goal of the company is to supply a range of products to consumers through its eCommerce platform JioMart. Reliance already has a huge chain of warehouses and if they acquire Metro AG they would achieve this goal really fast.

But, let’s look at the bigger picture. Reliance is trying to build its own ecosystem. The company wants Indians to use its services from the morning to the night. Consumers can buy products from their eCommerce platform, JioMart using Jio’s mobile or WiFi networks, watch movies on Jio Cinema and pay the money via Jio wallet. Like this, the customers will stay in their eco-system for a long period of time.

Another company that wants to leverage the retail and quick commerce segment is Swiggy. The company wants to expand its current food delivery business model to the quick commerce segment. By acquiring Metro AG the company wants to accelerate Instamart’s growth.

“Swiggy has evinced interest in the acquisition, and a potential deal would enable Metro Cash & Carry’s wholesale stores to feed Swiggy’s Instamart delivery model,” one of the executives said.

“The idea is to create a hub-and-spoke model where Metro stores will supply to Instamart stores, which could be delivery-only or even stores where consumers can walk in.”

Conclusion

All the companies know the bright future of the retail business and quick commerce segment. The companies know that if they acquire Metro AG, they would be able to capture the market quickly. Now, it’s very tough to predict which company will buy Metro AG but, this race would be quite interesting to watch.

Big players in the quick commerce segment like Zomato and Swiggy are not making huge profits. But, if the companies build a smart business model then the quick commerce field can help generate huge profits for any company.

FAQs

What is a cash and carry store?

In cash and carry stores customers buy products from warehouses and settle the invoice in cash and carry the goods with them. Customers have to arrange the transport of the goods themselves. Usually, these customers are retailers, caterers, hotels and restaurants.

Is Metro cash and carry closing in India?

Yes, Metro cash and carry is exiting the Indian market by selling its Indian operations for $1.5-1.75 billion.

How many Metro wholesale stores are there in India?

Metro has 31 wholesale stores in India.

Is Metro an Indian brand?

Metro AG is a German international specialist in wholesale and food retail which has made its footprints in 34 countries. The headquarters of this company is in Düsseldorf, Germany. The company operates under the cash and carry wholesale business model.
June 29, 2022
The Curious Case of Ambani and Bezos: Everything you need to know about Amazon vs Reliance

Amazon moved to the Supreme Court of India with a plea to enforce an emergency award challenging the decree of Delhi High Court allowing statutory authorities such as the National Company Law Tribunal (NCLT) and Securities Exchange Board of India (SEBI) to seek approval of application filed by the Future Group to complete its Rs 24,731 crore asset deal with Reliance Retail.

Amazon wins as SC rules against the Reliance-Future Group deal on August 6, 2021. This proves to be a big boost for Amazon and an equally significant setback for Reliance. Read through the article to learn all the facts about the case, and check how its result affects both the parties dearly!

The Conflict – How it became Amazon vs Reliance!

The Indian E-commerce sector had become witness to a tug of war between Amazon and Reliance industries since Future group made an asset sale deal with Reliance Retail Ventures Limited (RRVL), a subsidiary owned by the owner of Reliance Industries, Mukesh Ambani. According to the same, the Future group will be giving up their entire retail, wholesale, logistics, and wholesaling businesses to RRVL.

Amazon had already acquired 49% stakes in Future Coupons making it a 10% stakeholder in the Future Group. The latter signed a “Right of First Refusal” deal with Amazon stating that Future Coupons will not sell its assets to a list of companies without Amazon’s consent so as to block competitors. Reliance Industries was one of the companies on the list.

Amazon and Reliance have locked horns over the rights of Future Group assets

Parties to the Conflict- Reliance, Amazon & Future group

Future Retail signed an asset sale deal with RRVL for 24,731 crore, which resulted in a breach of contract between Amazon and Future Retail. This is why Amazon had taken the matter to the Singapore International Arbitration Centre (SIAC) and pleaded to order stay on carrying out this deal. SIAC issued an emergency award ordering a stay on the fulfillment of the deal between Future Retail and Reliance Industries.

Amazon, with 7 lac sellers in its kitty, is desperate to enter the Indian retail market. On the other hand, Reliance has already established itself with 11,784 stores all over the country. And now, after buying Future Retail, it will become the third largest retail conglomerate in the world with Future’s 1800 stores and brands including Big Bazar, FBB, Easyday, Nilgiris, Central and Brand Factory.

Future Group has announced to sell its retail business to Reliance Industries for Rs 24,731 crore

Reliance is already known as a telecom giant after launching JIO and has already entered the retail market with JioMart. It had an advantage over Amazon since a large Indian population still prefers shopping at grocery stores and kiranas. JioMart is planning to collaborate with these small vendors as it has upheld the motto “Local for Vocal”. The consumers may lean towards this motto since Reliance represents the home ground. Reliance may be an old player in telecom and oil but the retail market is completely based on consumer satisfaction. When you face issues with your network, you’d switch to another one but that involves a whole new process. But when the services from an e-commerce platform disappoint you, chances are you’d never go back. Amazon has been performing aces on the customer satisfaction and delivery front. Reliance still has a lot of catching up to do.

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Amazon’s short lived victory

The SIAC, to Amazon’s relief, ruled out an emergency award to stop the deal being carried out between Future Group and Reliance Industries Limited. This relief was short lived as Future Group challenged this decree in the Delhi High Court, stating in a plea that this decree is invalid in India under Sec 17 (1) of Arbitration & Conciliation Act and hence, is not enforceable. The Delhi High Court asked Reliance and Future Group to maintain their status quo and encouraged the NCLT and SEBI to acknowledge the deal between Reliance and Future Group.

Amazon then moved the Supreme Court of India challenging the order issued by the Delhi High Court on February 2nd. “The order of the high court is illegal, and arbitrary apart from being without jurisdiction, therefore the same is liable to be set aside on this ground alone” stated Amazon’s appeal in the high court proceedings.

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What happens when either of them wins?

If this deal goes through, Kishore Biyani, the retail king who’s been ruling the market for over three decades, gets rid of debt on promoter level and listed entities level. The identified assets will be transferred to Reliance Retail & Fashion Lifestyle Limited as a going concern on a slump sale basis for Rs 5628 crore. Future Group will be saving its 25000 employees with their jobs kept intact. Reliance Industries will be taking over the liabilities too. If the status quo on the deal is vacated, Future Group will have no option other than liquidating itself.

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As in the case of Reliance, this deal will make it a monolayer in the retail market. It will acquire already set up stores across the country and will be spreading its business faster. Since the announcement, Reliance’s shares have shot up from Rs 500 to Rs 1250 in a matter of months.

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The Big Judgement from Supreme Court goes in favour of Amazon

The much-awaited decision from Supreme Court ultimately stands in favor of the earlier ruling of the Singapore International Arbitration Centre (SIAC) and thereby, halting the Reliance-Future Group deal.

This is bound to be a huge win for Amazon, blocking its competitor and a considerable setback for Reliance. The deal amounted to a total of Rs 24,713 crores, which comprised of a takeover of 1,800 stores of Big Bazaar, EasyDay, FBB, and Food Hall, in an attempt to further expand its business across the country. Furthermore, Reliance was also on the verge of taking over the debt and liabilities of the Future Group amounting to Rs 19,000 crores as part of the deal.

As soon as the judgement was passed by SC, Reliance shares were noted to be falling by 2% on the stock markets. Future Group’s retail shares also tanked by 10% as a result of the long drawn battle between Amazon and Reliance, which it was a part of!

Who else is trying this gimmick?

The TATA’s are trying to take over Big Basket by buying a majority stake of 500 to 700 million dollars, as well as a substantial stake in 1mg, an online drug retailer. Flipkart bought 8% stakes in Aditya Birla Fashions by paying a sum of Rs 1500 crore and signed a “right of first refusal” clause as well.

The retail market is on the edge as big players move their money around. There already is a shift in consumer patterns since everything from smartphones, appliances, policies to medicines and groceries are becoming a part of the online retail market. And now we wait and watch, as Amazon and Reliance play their hacks.

August 6, 2021

Investors That Make Reliance Retail The Largest Retailer In India

The Reliance Retail has achieved success and become the Indian largest retailer, because of its investments, the investor demand for reliance retail business is so strong that Mukesh Ambani is putting investors on a wait list. Mubadala an Abu Dhabi based investor has recently decided to invest ₹6,248 crore in the Reliance Retail to get a 1.40% equity stake for its investment.

This announcement comes day after Silver Lake partners said that it will invest ₹1,875 crore in India largest retailer. In all Reliance retail has managed to raise ₹24,847.5 crore by selling 5.6% stake to private equity and sovereign funds. That includes General Atlantic which will pick up 0.84% stake for ₹3,675 crore and KKR and co which will also invest ₹5,500 crore for 1.28% holding.

Reliance Retail has a total of 11,784 stores across consumer, electronics, grocery, general merchandise, fashion and lifestyle. And reported a consolidated turnover of ₹1,62,936 crore and net profit of ₹5,448 crore for the year March, 2020. The acquisition of future group retail and logistics business for ₹27,513 crore will add 1,736 Big Bazaar and other stores 28.3 million sq. ft. of retail area across grocery and fashion segments.

A Brief about Reliance Retail

Reliance Retail is a retail initiative of the group and is a central to our consumer facing businesses. It has is a short time forged strong and enduring bonds with millions of consumers by providing them unlimited choice, outstanding value proposition, superior quality and unmatched experience across all its stores. Reliance retail is the largest retailer in the country.

Reliance Retail has adopted a multi prong strategy and operates chain of neighborhood stores, supermarkets, wholesale cash and carry stores, specialty stores and online stores and has democratized access to a variety of products and services across diverse segments for Indian consumers. Reliance retail reported a turnover of Rs. 1,30,566 crore for financial year 2018 to 2019. As of 2019, Reliance retail operates 10,901 stores across 6,700 plus cities with a retail area of over 24.5 million sq. ft.

The various subdivisions of Reliance Retail

Reliance retail operates Reliance Fresh, Reliance Smart and Reliance Market stores. In the consumer electronics category Reliance Retail operates Reliance Digital, Reliance Digital Express mini stores and Jio stores and in the fashion and lifestyle category it operates Reliance Trends, Project Eve, Reliance Footprint, Reliance jewels and AJIO.com in addition to a large number of partner brand stores across the country.

Reliance Retail has emerged as the partner of choice for many International brands and has established exclusive partnership with many revered International brands such as Diesel, Superdry, Hamleys, Ermenegildo, Zegna, Marks and spencer, Paul and shark, Thomas pink, Kenneth Cole, Brooks Brothers, Steve Madden, Payless Showsource, Grand Vision and many more.

Below here are the recent investments made into the Reliance Retail:

Saudi Arabia’s Public Investment Fund

On November 5, 2020, Reliance Retail, raised INR 9,555 Cr ($1.3 Bn approximately) from Saudi Arabia’s Public Investment Fund (PIF), to accelerate the growth of its digital retail empire. It is a record eighth by marquee global investors in Reliance Retail. This investment values Reliance Retail at a pre-money equity value of INR 4.587 lakh Cr (around $62.4 Bn)

PIF (Public Investment Fund) is one of the largest sovereign wealth funds in the world, which works alongside various global strategic partners and investment managers. It acts as the Kingdom of Saudi Arabia’s primary investment arm aiming toward generating long-term value for the Kingdom of Saudi Arabia

Mubadala Investment

The most recent investment was made by Mubadala Investment Company who is investing ₹6,248 crore ($852.84 million) in the Reliance Retail giving the unit a pre-money equity value of 4.29 trillion rupees. The Mubadala’s investment will translate into a 1.40% equity stake in Reliance Retail on a fully diluted basis. This investment by Mubadala pegs pre investment equity valuation of Reliance Retail at ₹4.28 lakh crore.

Ambani is also replicating funding blitz for the retail unit after selling stakes in Jio Platforms as investors, including Facebook Inc. and Google, bet on his efforts to build a technology giant that offers data, content and commerce. Mubadala had also invested $1.2 billion in Jio Platforms earlier this year.

Shareholding	No of Shares
Vanishree Commercials Ltd	297,000,000
Infotel Infocomm Enterprises Pvt. Ltd	36,000,000
Silver Lake	109,929,733
KKR	81,348,479
General Atlantic	53,865,885
Silver Lake	27,482,594
Mubadala	91,572,004
Total Equity Shares of RRVL	6,534,957,216

General Atlantic Investment

General Atlantic a leading global growth equity firm decided to invest ₹3,675 crore into Reliance Retail. This investment values Reliance Retail at a pre money equity value of ₹4,285 lakh crore. The general Atlantic investment will translate into a 0.84% equity stake in reliance retail on a fully diluted basis. This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a ₹6,598.38 crore investment in Jio platforms.

Silver Lake Investment

The Silver Lake would invest ₹7,500 crore in subsidiary Reliance Retail Ventures for a 1.75% stake, valuing the company at ₹4.2 trillion. Earlier in 2020, Silver Lake invested ₹10,202 crore in Jio Platforms, Reliance digital service platform. This however, set the stage for more stake sales by the company including one to PE firm KKR, is also an investor in Jio Platform.

Silver Lake is a US based Global Technology Investment firm with an asset size $60 Billion. It has 56 portfolio companies and 300,000 employees by these firms. The company has made investment in India with Jio Platform, Byjus and Eka with 10 acquisitions.

KKR Investment

Global Investment firm KKR has also invested ₹5,500 crore in Reliance Retail for 1.28% equity share. This was the second investment by KKR in a Reliance subsidiary, following a ₹11,367 crore investment in Jio Platform which was announced earlier in 2020. KKR investment values Reliance Retail at a pre money equity value of ₹4.21 trillion.

KKR has also invested $1.5 billion in the Jio platforms, its Co-founder and Co –CEO says that “we are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures. Reliance retail new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers have moved to shopping online”.

Jio platforms backing Reliance Retail

RIL had given the option to investors in Jio Platforms to consider backing Reliance Retail as it sought to unlock value, following the acquisition of Future Group’s retail assets last week, persons in the know said. Reliance Retail could look at offloading a 25-30% stake to a combination of private equity firms and tech giants such as Facebook, Google, and Intel, presenting telecom and retail as a potent force in India’s consumption story.

Along with Jio, retail contributes 35% to Reliance Industries consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda), Mukesh Ambani, RIL’s chairman, had said at the firm’s annual general meeting in July. Reliance has offloaded nearly 33% in Jio Platforms to 14 investors for Rs 1.52 trillion between April and June, emerging as the only firm in the country to go in for a massive monetization exercise at the height of the lockdown.

Jio Mart

The reliance Retail runs supermarkets, India largest consumer electronics chain store, a cash and carry wholesaler, fast fashion outlets and an online grocery store called as Jio Mart. Ambani says that “we will induct global partners and investors into Relaince Retail in the next few quarters”. As the firm was planning to scale up Jio Mart as it new venture.

JioMart, which went live across 200 cities in May has crossed 250,000 in daily orders with the number growing each and every day. Since then daily orders have crossed the 400,000 mark. JioMart was pegged at ₹ 500 per transaction, but Ambani is trying to increase this number by taking the platform into areas beyond groceries, including electronics, fashion, and healthcare.

The company is also trying to work closely with WhatsApp which is owned by Facebook to boost the reach of JioMart. Apart from small merchants, Reliance Retail would also look to work closely with farmers to source more food items from them, as it seeks to scale up its farm to fork operations. At the same time, Reliance Retail would continue to push its presence into small towns and cities, Ambani said, adding more outlets in these places.

November 6, 2020

Tag: reliance retail

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Mukesh Ambani: Bright From The Start

Mukesh Ambani: Home & Family

Mukesh Ambani: Family Feuds

Mukesh Ambani: Expanding of RIL

Mukesh Ambani: A Doyen of Business

Taking RIL to a New Height

The Man With The Golden Touch

Mukesh Ambani: Building A Nation

Mukesh Ambani: Achievements and Recognition

Mukesh Ambani: Trouble in Paradise

Mukesh Ambani: Philanthropy

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Mukesh Ambani: Famous Quotes!

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Prospective Expansion Initiatives

Mergers and Collaborations

Growth of Reliance’s Grocery Sector

The Inception

Marching Ahead

Continue to Climb

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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

FAQs

What is Reliance Industries Limited?

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What is KKR & Co. Inc.?

Metro AG- About

Main Products and Services of Metro AG

Target Audience of Metro AG

Why Metro AG Wants to Exit the Indian Market?

Companies Wanting to Buy Metro AG’s Indian Unit

Why Big Companies Are Eyeing Metro AG?

Conclusion

FAQs

What is a cash and carry store?

Is Metro cash and carry closing in India?

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Parties to the Conflict- Reliance, Amazon & Future group

Amazon’s short lived victory

What happens when either of them wins?

The Big Judgement from Supreme Court goes in favour of Amazon

Who else is trying this gimmick?

A Brief about Reliance Retail

Below here are the recent investments made into the Reliance Retail:

Saudi Arabia’s Public Investment Fund

Mubadala Investment

General Atlantic Investment

Silver Lake Investment

KKR Investment

Jio platforms backing Reliance Retail

Jio Mart