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 Berrylush.
We all do love to stay in fashion, right? In the era of the 21st century, the styling trends of the fashion sector are currently dominating the globe more than ever! In this present era, companies are not only controlling the procedure of the people’s dressing sense but also the trends in makeup, fashion, and many more. During the 60s flares weren’t everything but also the particular styling stuff defined an entire generation which is prominent to date. Fashion is very bold and this boldness is reflecting the ongoing generation who are not at all frightened of speaking on their face. It is simply not just a means of clothing but also showcases your personality.
Berrylush is a company brought into existence, especially for the younger women generations who are concerned more and genuinely about looking good and having fun. Read the Berrylush success story below!
Berrylush is a very inspiring clothing company for women of younger ages looking forward to looking decent and confident. It is quite an affordable clothing company that mainly provides its consumers with the best online shopping experience on the Internet. Their concept is to make females glow with their exotic designed dresses.
Berrylush – Industry
The Indian textile marketplace is anticipated to be growing and its worth is gonna rise to $209 billion by 2029! Cotton production is also anticipated to reach 37.10 million bales. The marketplace is additionally anticipated to regain and then grow by 10% to reach $190 billion by 2025-26.
Berrylush – Founders and Team
Alok Paul and Anusha Chandrashekar – Berrylush Co-founders
Alok Paul and Anusha Chandrashekar are the founders of the company Berrylush.
Alok Paul
Alok Paul is presently the co-founder of two different companies namely Berrylush and Prime Seller Hub. Initially, he was an engineer and he worked at companies like Accenture.
Anusha Chandrashekar
Anusha Chandrashekar is the co-founder and the CEO of the company Berrylush! She also began her career as an engineer and she worked in companies like Tata Consultancy Services and Deloitte.
Berrylush – Startup Story
Alok Paul and Anusha Chandrashekar began the company Berrylush with just four machines and a very little squad. Anusha was an IIM Raipur graduate who always used to be relatively intense about thefashion sector and did dream of running a women’s western wear brand all on her own. And her batchmate, Alok, was enthusiastic about creating eCommerce businesses!
Both got married to each other and also gave importance to each other’s attention. Soon after the couple inaugurated an online women’s western wear brand Berrylush in Noida, India.
Berrylush – Mission and Vision
The mission and the vision of the company Berrylush is to make females feel completely different whenever wearing Berrylush dresses.
Berrylush – Tagline and Logo
Berrylush Logo
The tagline of the company Berrylush is, ‘You are already beautiful. Our mission is to make you feel that way.’
Berrylush – Business Model
Berrylush business model is an asset-light model! The brand has got just two destinations situated in Noida which is an office and a manufacturing department which has got around 120 machines within. There are 14 regional fabricators who manufacture solely for the brand Berrylush.
The clothes are sold directly to the consumers with the help of Myntra which holds around (55 percent of the sales), the official website which holds around (20 percent of the sales), Ajio also holds around (10 percent of the sales), and additionally, others hold (15 percent of the sales).
Berrylush is an e-commerce brand and hence the term e-commerce makes the concept quite easier for all to understand how the company is earning money. The statistics mentioned above showcases a part and is a simple B2B (Business 2 Business) retail company.
Berrylush – Online and Social Media Presence
Berrylush is a very famous name and most of the girls reading this article know quite well about the brand. It is relatively a renowned brand if you are looking forward to online shopping, especially from the platforms ofNykaa Fashion, Amazon, Flipkart, Myntra, Ajio and so on.
Other than the shopping spaces, Berrylush is actively present on the social media pages of Instagram, Facebook, and also has got its name on various web portals.
FAQs
When was Berrylush founded?
Berrylush was founded in 2018.
Who is the founder of Berrylush?
Berrylush was founded by Alok Paul and Anusha Chandrashekar.
What are the platforms to buy Berrylush dresses?
Berrylush dresses are sold on different platforms:
In the course of the ongoing pandemic, many businesses faced a downfall in their progress of making a profit. Likewise, small textile brands encountered a behindhand in making a life out of the pandemic market.
While the small textile brands are highly populated by poor people, in order to make a small earning by stitching, embroidering and threading clothes all day. After the government of India proclaimed lockdown, many small scale industry workers returned to their hometowns and migrated, waiting to get circumstances back to normal.
Things were normal when the Government set a time duration to conduct their respective business i.e. 10 am to 6 pm. Whereby, small textile brands worked for 24 hours to meet the targeted profit of the day or month or year. But, the coronavirus unfettered the nation with high cases from April to July 2021, imposing tight lockdown again.
According to the reports, it is stated that 70% of workers didn’t return to work and saw a 60% drop in the sales of textile. On the other hand, the small textile brands faced an epic hurdle in purchasing raw materials from the suppliers as it is unsafe in trading, due to escalating death rates in the country.
Besides, the small textiles have to accept those who are willing to do any task, as the industry is facing a lack of manpower. As is the case, there might be unskilled workers joining the small textiles brands which ultimately leads to the production of low-quality textiles; and people won’t buy poor quality products. Besides, the small textile brands are bungling the concept of technology.
Here, we’re gonna discuss the chance of small textile brands to expand their market from the effect of the ongoing pandemic.
Impact of the Covid-19 Pandemic on the Textile Brands
The whole Covid-19 pandemic situation made the economic status of the entire world go upside down. As per the study, the 2020’s economy has gone down by –3%.
The world faced a major fallback economically correlated to the 2008–2009 financial crises and the surveys say that it may take at least a year to attain the normal state and solidify their thrift. India is one of the major countries that encountered a high difference, definitely not in a good way.
Considering the available resources and fast-growing markets many foreign institutions were ready to invest in India, and that may have cultivated a huge disparity in the availability of employment.
The textile industry has a huge part in employment creation in India. The closing of the mart ended in creating an unpleasant reaction in the growth of the textile industry; few minor cloth crews curbed their exposition.
Due to the low profit, many units limited their human resources and there were pay cuts. Out of all states, the worst pretentious states in cloth manufacturing during the epidemic are Punjab, Gujarat, Maharashtra and Tamil Nadu.
Things that hampered the production of small Textile units
Fewer Transportation Facilities
Transportation is the primary element that makes a huge effect on production. The businessmen need transport to supply the product, to get the raw materials and to deliver the goods.
Due to fewer transport facilities during the lockdown, the transportation of goods and buying of fresh products for sales were halted. The people were not even able to deliver the finished products.
No Labours
As transport was not available frequently, the migrant workers shifted back to their hometowns. Their wages were cut short and the companies curtailed human resources.
Bihar, Jharkhand, Uttar Pradesh and Orissa are the states that produce large amounts of human resources, considering the less income, transport problem and their health risks, they moved to their places. So the limited availability of the labourers resulted in the production.
Lack of Raw Material
During the pandemic, the demand for the raw crops reduced and due to that agriculture underwent. As the overall demand for the crops reduced, the production of cotton and silk were also reduced, resulting in less or no availability of raw materials. And as the chemical units were focusing on other significant courses, the dealings of synthetic lessened and the synthetic textiles were affected.
Well, in some way or the other, many businesses are recovering the loss from the effect of the pandemic by engaging efficiently in producing and serving the goods to the customers. And in the case of small textile brands also hyped their production in many ways during this ongoing pandemic.
Unlike other industries, small textile companies lack digital marketing and ergo became a great drawback in achieving their goals.
Here are some ways that the small textiles industries could employ to stay resilient in the market from the effect of the ongoing pandemic.
Make sure workers are Safe and Vaccinated
During the first lockdown in the nation, many small scale workers migrated as per the government rules. So, the first thing that small textile brands should take care of their workers is to prevent the fatal virus across the nation, whereby the necessity of healthcare nearby, nutritious food and safe & hygienic shelter should be rendered to the workers and make sure their vaccinated.
Stay Informed with the Latest Government Guidelines
Secondly, small textile brands should stay informed; the Government should inform the measures and up-to-date information regarding the pandemic to the small textile industries. As is the case, they will take necessary protocols assigned by the Government in order to prevent the spread of coronavirus.
Make sure your financially stable to operate your business
The small textile brands should be financially stable in meeting requirements such as paying wages to the workers, purchasing raw materials, light & power, fuel and transportation and so on.
Brands should provide recess time for workers, who are working 24/7, as this would aid to reduce the cost of excess labour & augment efficiently and effectively in the production of goods and services.
Make necessary changes according to the environment
Lastly, the small textile brands should accomplish the set of goals without any objections in doing so and respond to any changes happening in the working environment.
If the above points are followed by the small textile brands, then the chances of getting opportunities in the market are high during the pandemic.
The countries confronted a huge economic deterioration. No country was nimble to evade the losses that the pandemic resulted in. The economic rate of the country is poorly approximated to the financial crisis the world faced in 2008–2009. But it doesn’t mean it’s not possible to improve it.
Fetching back to regular and recouping the stability like before the pandemic may take a few months or also years. And the small textiles that faced a great loss have to find a way to improve their state. They have to create new strategies to sell their products in a modern way and yet not skip and obey the government protocols.
FAQ
What is textile business?
The Textile industry consists of the design, production and distribution or marketing of yarn, Fabrics or readymade clothing.
Which city is famous for textile in India?
Bhilwara is India’s largest manufacturer of fabrics and is also known as Textile City of India.
Is textile industry profitable?
Yes, textile industry is considered as a profitable industry for new and aspiring entrepreneurs.
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 HSBC-backed Serai.
The global textile market size is anticipated to reach USD 1412.5 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. Disrupting the supply chain solutions in this domain, HSBC-backed company Serai has built a digital B2B platform that allows verified apparel buyers, brands, suppliers, and manufacturers to easily search for and connect with each other.
Serai is the non-banking extension of HSBC’s global physical network and hence is a fully owned subsidiary of HSBC. While the company is a part of HSBC Group, it is not a financial institution and acts outside the bank. It has over 10,000 companies on its B2B platform from over 100 countries including India, Bangladesh, the US, UK, and Australia. The number of companies on the platform has grown at 98% QOQ. In 2021, Serai also launched a Traceability solution that allows global apparel brands and manufacturers to trace and map their global supply chain from raw material to finished product
StartupTalky interviewed Mr. Vivek Ramachandran (CEO of Serai) to know the growth story and roadmap of Serai. He also shared insights on how Serai started, its business model, expansion plans, marketing strategies adopted & more…
Serai – Company Highlights
Company Name
Serai
Headquarters
Hong Kong
Owner
HSBC
CEO
Vivek Ramachandran
Founding Team
Andrew Dennison (COO), Kar-Lyn Tan (Head of Product Partnerships), Patrick Balling (Partnerships Director), Vivek Ramachandran (CEO)
Founded in 2019, Serai is the digital B2B platform by HSBC that makes global trade easier for apparel businesses. As a member, you can build new relationships and strengthen existing ones. Companies can share information about their business, products, and services to create a trusted ecosystem across the supply chain.
Through a single platform, members can access industry business solutions and exchange complex information from multiple data sources to gain visibility into their supply chain.
Serai Platform
Serai’s digital B2B platform allows verified apparel buyers, brands, suppliers, and manufacturers to easily search for and connect with each other. Companies can create a profile to showcase their products, services, facilities, and credentials. Serai helps companies reduce time and money spent on sourcing high-quality suppliers. With Covid making international travel almost impossible, Serai makes it easy for brands and buyers to build relationships with suppliers and manufacturers globally.
This year (2021), Serai also launched a Traceability solution that allows global apparel brands and manufacturers to trace and map their global supply chain from raw material to finished product. They can easily collect and manage data from their supply chain partners. Having all this information in one place can help them drive operational efficiencies, manage underlying risks and eventually achieve greater transparency and trust in their extended supply chain.
Serai’s vision is to build technology that can help to shape the future of trade.
Its B2B network aims to simplify global trade by enabling apparel businesses to showcase their products and services, connect and build stronger relationships. Its supply chain solutions help consolidate fragmented supply chain data, providing large apparel companies with the right data and insights so that they can make more informed decisions.
“It’s all about taking the complexities out of global trade. Beginning with a focus on the apparel industry, Serai’s goal is for every company, regardless of industry, to have a profile on its platform” says Vivek Ramachandran, CEO @ Serai
Serai – Industry Details
Serai currently focuses on the apparel, textile, and fabrics industries. The global textile market size is anticipated to reach USD 1412.5 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. The Asia Pacific is also set to rebound faster from Covid, with China, Japan, and India dominating the top five apparel markets in the world.
The apparel industry has always been quite traditional and opaque. Businesses have always relied on sourcing garments and fabrics in person. However, travel restrictions brought about by Covid-19 have forced businesses to digitize. The team has seen a huge change in mindset where apparel companies are more open to exploring new ways of forming connections and doing business.
On the other hand, there is also rising pressure from regulatory bodies, consumers, and NGOs for the apparel industry to be more transparent about where their products come from. They see large brands and manufacturers exploring technology that helps them track their supply chains from end-to-end, and gain visibility into where their products come from. These have been positive changes and the team sees the industry continuing to head on this trajectory.
“In the next five years, we also imagine that data will play a bigger part in driving more informed decision-making. For example, the insights could help them understand their consumers better and build a more targeted product mix” Vivek added.
Supply chain data on areas such as consumption of water, energy, and greenhouse gas, or man-hours spent throughout the various stages in the supply chain, can help companies increase operational efficiencies or be more sustainable.
Serai’s digital B2B platform allows verified apparel buyers, brands, suppliers, and manufacturers to easily search for and connect with each other. Companies can create a profile to showcase their products, services, facilities, and credentials. Serai helps companies reduce time and money spent on sourcing high-quality suppliers. With Covid making international travel almost impossible, the Serai B2B network makes it easy for brands and buyers to build relationships with suppliers and manufacturers globally.
This year, Serai also launched a Traceability solution that allows global apparel brands and manufacturers to trace and map their global supply chain from raw material to finished product. They will be able to easily collect and manage data from their supply chain partners. Having all this information in one place can help them drive operational efficiencies, manage underlying risks and eventually achieve greater transparency and trust in their extended supply chain.
Serai Traceability
Pivot from the Initial Offering & Why
While its mission has always been to simplify global trade through technology, Serai’s target audiences have evolved for its B2B digital platform.
While it has apparel businesses of all sizes on the platform, Serai has seen more usage from small and medium-sized companies. They may not have the sourcing network that a larger, more established brand would have, and so, have seen a lot of value from a platform like Serai’s. Hence, many of the features that Serai introduced recently are focused on helping them further. For example, Serai launched a request for quotation (RFQ) feature where brands and buyers can upload specific requests for manufacturers and suppliers to respond directly to.
Serai’s Traceability solution is another example of something it built in response to industry requirements. It was initially developed to help a global manufacturer client to trace their supply chain from material to shelf, but having seen such a positive response from the industry at large, the team @ Serai continue to build on the core offering, adding more modules aimed at helping apparel companies achieve supply chain sustainability.
Serai – Founding Team and How it Started
HSBC was founded in 1865 with one key objective – facilitating international trade. Ever since HSBC has used its global network to connect customers to opportunities around the world. However, despite tech-driven improvements in most areas of business, international trade remains as complex today as it was more than 150 years ago.
To simplify trade, HSBC needed to look beyond banking. Serai was born from this insight and a big idea – a data-powered platform to help businesses grow and connect globally.
The idea for Serai came out of a ‘Dragon’s Den’-style competition organized by HSBC UK. Vivek Ramachandran, current Chief Executive Officer of Serai, led a team of four in pitching the idea of a digital platform aimed at simplifying trade. At that time, he was the Global Head of Growth & Innovation for HSBC Commercial Banking where part of his role was driving the adoption of new technologies.
Serai team
While HSBC’s key objective has always been to facilitate global trade, this would be the first time the bank would invest in a non-financial project. The HSBC executives saw great potential in a platform like Serai to disrupt the otherwise traditional industry of apparel.
The rest of the founding team comprises – Andrew Dennison, Chief Operations Officer; Kar-Lyn Tan, Head of Product Partnerships; and Patrick Balling, Partnerships Director at Serai. They were all working at HSBC UK in various capacities at that time.
In two years, Serai has grown to about 60 people in its headquarters in Hong Kong in various departments such as Growth & Marketing, Product, Technology, and Data Analytics. Serai was founded on the values of Simplicity, Empathy, Transparency, Boldness, Partnership which remain integral in everything Serai does.
Serai Office
Serai – Name, Tagline and Logo
Serai comes from the word Caravanserai, which was inns along the Silk Road. Merchants between East and West would rest, trade goods, exchange knowledge, and build relationships at these inns. The Serai of that time was an entry to international trade. Inspired by these ancient hubs, it aspires to build a digital equivalent for today.
Serai’s logo symbol is inspired by the aerial view of the ancient Serai. The central squared hole resembles that of an ancient Chinese coin, reflecting its Hong Kong origin.
Serai Logo
Its tagline, ‘Your Advantage in Apparel Trade’, clearly represents what Serai wants to deliver to its clients.
Serai – Business Model and Revenue Model
Serai is the digital B2B platform. Creating a profile on Serai is free. However, businesses can pay for premium services such as being promoted as a featured business on its platform or gaining access to data and analytics to help them further grow. Serai’s supply chain solutions, such as Traceability, also come at an added cost.
At Serai, the team has always taken an integrated approach to its marketing strategy. While it is a global company, Serai believes it’s incredibly important to localize its marketing for its target markets. This is especially pertinent for a diverse region like the Asia Pacific, where one has to cater to various languages, cultures, and audience preferences.
When we first started, our primary objective was to build brand awareness so we engaged the main trade and business media globally to get media coverage” says, Vivek Ramachandran, CEO @ Serai.
The company also saw success through digital marketing campaigns via channels such as Facebook, LinkedIn, and Google which has helped in customer acquisition.
Partnerships are also key to Serai’s growth strategy. The company has established good relationships with local trade associations in its focus markets, working with them to run initiatives and marketing programs that support the manufacturers and brands in the apparel industry. Another focus area has been to develop partnerships with other like-minded technology and data providers, and sustainability-focused organizations to collaborate on developing solutions that support its users to learn and understand their potential and existing supply chain partners.
Serai’s marketing mix continues to be a mixture of digital and offline activities aimed at increasing brand awareness and customer acquisition including paid ads on major social media and search platforms, events and media engagement. With all these initiatives, though, it’s important to ensure they are integrated and convey similar messaging. This has helped the company build a strong brand identity.
Events have played a huge part in increasing its brand awareness. The company has taken part in major industry conferences and organized its own webinars. In India, for example – the company ran a webinar on how Indian apparel businesses can grow through digitization earlier this year. Serai is currently looking at participating in upcoming trade conferences in India.
Naturally, the marketing team has grown over the last two years so there are teams dedicated to areas such as content, digital marketing, events, PR, and partnerships. It has ramped up content creation, with topics localized for focus markets. Partnerships with major industry associations such as the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Apparel Export Promotion Council (AEPC) in India have also helped the company reach a wider audience.
The apparel industry is one that is very traditional and opaque. The team realized at the beginning that a lot of companies rely on traditional methods of sourcing and connecting with companies. There was a low digital quotient across the industry.
“We’ve seen this slowly change, though, with more companies embracing digitization. We had to do a lot of education on the importance of having a strong digital presence” Vivek Ramachandran added.
This included working closely with many of its MSME clients in helping them create strong digital profiles on Serai’s platform and making meaningful connections to help grow their business. There is definitely an appetite for them to improve which is heartening.
Serai – Current State and Expansion Plans
Serai is headquartered in Hong Kong, with a team of about 60 employees – a number that is rapidly growing as Serai continues to build its Technology, Data, and Product teams.
There are over 10,000 companies on Serai from over 100 countries including India, Bangladesh, the US, UK, and Australia. Out of this, Serai has registered over 4600 are Indian companies on its platform. These include leading Indian manufacturers such as Pearl Global, Shivalik Prints, Radnik Exports, and Indian Designs. The number of companies on the platform has grown at 98% QOQ.
Serai’s expansion strategy is aligned with market demand. Most of its business is centered around countries that are major apparel hubs. Being headquartered in Hong Kong, it was a natural focus in the beginning. While it still is, the company has branched out to Bangladesh and India as there are two major manufacturing hubs in Asia. India will continue to remain a huge focus over the next year. Over in the West, it has focused on the US and the UK as many major apparel brands are based there.
“We will continue to monitor trends in trade corridors as we prioritize market expansion” Vivek added.
The team is also continuously building new features for its solutions. For the B2B digital platform, it is adding features that encourage more interaction between its member companies, making it easier for them to network and trade with each other.
Serai would also be launching a supply chain Visibility solution soon which allows apparel businesses to visualize, analyze and verify information on their supply chain in one place. With supply chain sustainability and transparency being huge priorities for the industry, this is an area that would be a key focus in terms of product development.
Serai has built great partnerships with industry associations such as the BGMEA and AEPC, with whom it has collaborated to help apparel companies in Bangladesh and India grow respectively. However, the company’s greatest achievement would be the rapid and tremendous growth it has seen of companies joining and building relationships with each other on the platform. Serai was established to simplify trade and the team is doing that slowly but surely. Serai has seen various success stories over the last few months of apparel MSMEs who have established new business partnerships with companies all over the world.
Serai – FAQs
What is Serai?
Serai is the digital B2B platform by HSBC that makes global trade easier for apparel businesses. As a member, you can build new relationships and strengthen existing ones. Companies can share information about their business, products, and services to create a trusted ecosystem across the supply chain.
Who founded Serai?
Vivek Ramachandran, the current CEO of Serai, led a team of four in pitching the idea of a digital platform aimed at simplifying trade. The rest of the founding team comprises – Andrew Dennison, Kar-Lyn Tan, and Patrick Balling.
What is Serai’s business model?
Serai is the digital B2B platform. Creating a profile on Serai is free. However, businesses can pay for premium services such as being promoted as a featured business on its platform or gaining access to data and analytics to help them further grow. Serai’s supply chain solutions, such as Traceability, also come at an added cost.
What is Serai’s tagline?
Serai’s tagline, ‘Your Advantage in Apparel Trade’, clearly represents what Serai wants to deliver to its clients.
Is Serai free?
Creating a profile on Serai is free. However, businesses can pay for premium services such as being promoted as a featured business on its platform or gaining access to data and analytics to help them further grow.
What is Supply Chain Traceability solution?
Serai launched a Traceability solutionthat allows global apparel brands and manufacturers to trace and map their global supply chain from raw material to finished product. They can easily collect and manage data from their supply chain partners.
Reliance Industries Limited is an Indian multinational conglomerate company that is headquartered in Mumbai, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance is one of the most profitable and the largest publicly traded companies in India. The subsidiaries of Reliance Industries is what makes it successful.
It is also known to be the largest company in India as measured by revenue after recently surpassing the government-controlled Indian Oil Corporation. In the year 2020 Reliance Industries became the first Indian company to exceed US$150 billion in the market capitalization after its market capitalization hit ₹11,43,667 crore on the BSE. It is ranked as 8thamong the top 250 Global Energy Companies by Platts as of 2016.
The company is ranked 96th on the Fortune Global 500 list of the world’s biggest corporations as of 2020. Reliance continues to be India’s largest exporter as it accounts for 8% of India’s total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries. 5% of the government of India’s total revenue comes from Reliance’s customs and exercise duty. It is also the highest income tax payer in the private sector in India.
The number of share of Reliance Industries are approximately 310 crores (3.1 billion) and plays a major role in the Reliance industries. The Ambani family only holds 46.32% of the total shares whereas the remaining 53.68% shares are held by public shareholders including FII and corporate bodies. The life Insurance Corporations of India is the largest non-promoter investor in the company with 7.98% shareholding.
Various Operations of Reliance
The companies petrochemical, refining, oil, and gas-related operations form the core of its business other divisions of the company include cloth, retail business, telecommunication, and special economic zone development. In July 2012 Reliance Industries informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop, manufacture, equipment, and components including aircraft, engine, radars, avionic, and accessories for military and civilian aircraft, helicopters, and aerostats, etc.
Major Subsidiaries of Reliance Industries:
Reliance Group has 158 + subsidiary companies and 7 associate companies. Here are some of the most popular Reliance Industries Subsidiaries:
Jio Platforms Limited
Facts on Jio | Reliance Subsidiaries List
Jio is essentially a technology company that is a majority-owned subsidiary of reliance industries. It is one of the top reliance subsidiary companies lists. It was announced in October 2019 and has all digital initiatives and the telecommunication assets being housed under it. This new subsidiary holds all the digital business assets including Reliance Jio Infocomm Ltd.
Jio Infocomm in turn holds the Jio connectivity business which includes Mobile, broadband and enterprise, and also the other digital assets. Jio apps are the tech backbone and investment in other tech entities like Haptic, Hathaway, and Den networks among others. In April 2020, reliance announced a strategic investment of ₹43,574 crores by Facebook into the Jio Platform.
This investment translated into a 9.99% equity stake, on a fully diluted basis. Further in May 2020, reliance sold roughly 1.15% stake in Jio Platforms for ₹5,656 crores to the American private equity investor, Silver lake partner. Intel became the 12th company to invest in reliance Jio platform after it invested ₹1,894.50 crores. In July 2020 google announced that it will acquire a 7.7% stake in the Jio platform for ₹33,737 crores.
Reliance Retail is the retail business wing of Reliance Industries. In March 2013, it had 1466 stores in India. It is the largest retailer in India as it includes many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Mart, Reliance iStore.
Reliance Home kitchen, Reliance Home Kitchens, Reliance Market (cash n carry), and Reliance Jewels all come under the banner of Reliance Retail brand. Its annual income revenue for the financial year of 2019 was ₹1.62 billion.
Reliance Life Science
This company works around medical, plant, and industrial biotechnology opportunities. It specializes in the manufacturing, branding, and marketing of Reliance Industries products in Biopharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology sectors of the medical business industry. Reliance Institute of life science (RILS) was established by Dhirubhai Ambani Foundation as it is an institution offering higher education in various fields of life science and related technologies.
Reliance Logistics
It is a single-window company selling transportation, distribution, warehousing, logistics, and supply chain-related products. Reliance Logistics is an asset-based company with its own fleet and infrastructure. It provides logistics services to Reliance group subsidiaries and outsiders. Merged content from Reliance Logistics to here.
It is a contract research organization (CRO) and a wholly-owned subsidiary of Reliance Life Science, specializes in the clinical research services industry. Its clients are primarily pharmaceutical, biotechnology, and medical device companies.
Reliance Solar
The solar energy subsidiary of Reliance was established to produce and retail solar energy systems primarily to remote and rural areas. It offers a range of products based on solar energy, solar lantern, home lighting systems, street lighting systems, water purification systems, refrigeration systems, and solar air conditioners.
Network 18
Reliance Subsidiary Companies
In the mass media company, it has interests in television, digital platforms, publication, mobile apps, and films. It also operates two joint ventures namely Viacom 18 and History TV18 with Viacom and A+E Network respectively. It also has acquired ETV Network and since renamed its channels under the Colors TV brand.
Relicord
This is a subsidiary for cord blood banking service which is owned by Reliance Life science. It was established in 2002 and has been inspected and accredited by AABB and also has been accorded a license by the Food and Drug Administration (FDA) Government of India.
Reliance Jio Infocomm Limited
Previously known as Infotel Broadband, is a broadband service provider which gained 4G licenses for operating across India.
It is an associate company of Reliance Industries. It holds 45.43% of the total shares of Reliance Industries. It mainly engages in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.
The company set up a 200-millimeter diameter twin pipeline system that connects the Bharat petroleum refinery at Mahul, Maharashtra. The infrastructure company constructed a 71,000-kilolitre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra.
Reliance Eros Productions LLP
Has a joint venture with Eros International to produce film content in India.
LYF
It is a well-known 4G enabled Volte device brand from Reliance Retail. It is one of a Jio reliance subsidiaries, the consumer electronics arm of Reliance Industries Limited.
How many subsidiaries does Reliance have or how many subsidiaries of reliance?
Reliance Group has six listed companies.
Is Jio a subsidiary of Reliance?
Jio Platforms Ltd is an Indian technology company and a subsidiaryofReliance Industries Limited. Established in 2019, the company owns India’s largest mobile network operator Jio and other digital businesses of Reliance.
What companies does reliance own?
Reliance Subsidiaries or subsidiary companies of reliance:
Reliance Communications Limited.
Reliance Infrastructure Limited.
Reliance Entertainment.
Reliance Power.
Kokilaben Dhirubhai Ambani Hospital.
Is reliance a multinational company?
Reliance Industries Limited(RIL) is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
How many branches of reliance company?
RelianceRetail is the retail business wing of Reliance Industries. In March 2013, it had 1466 stores in India. It is the largest retailer in India.
Reliance Industries Ltd has now overtaken the company Exxon Mobil to become the world’s second most valuable energy company after its market capitalization scaled to a record to a record high of over ₹14 trillion (14 lakh crore). This propels Mukesh Ambani to become the fifth wealthiest person on the planet with a net worth of $77.4 billion, a position previously filled by Steve Ballmer.
The logo of Reliance Industries.
According to the stock market data, the conglomerate is now ranked 46thglobally on market. Its share price scaled to its highest of ₹2,163 before settling at ₹2,146.20 taking the company from its 48th position to 46th position. The ₹13.6 trillion market capital of Reliance along with ₹54,262 crore market capital from its partly paid shares that were traded separately puts the firms combined market value at ₹14.1 trillion or $189.3 billion. Reliance is the 10thhighest market capital company in Asia.
Besides being on a higher spot Exxonmobile, Reliance also is above Apple which has a market cap of $1.6 trillion, Microsoft at $1.5 trillion and Amazon a $1.48 trillion dollars. It is also is higher than Chevron, Oracle, Unilever, Bank of china and The SoftBank Group. At the 46th rank it is just below PepsiCo which has a market capital of 189.8 billion.
The RelaincePP shares was first listed on stock exchanges on June 15th, 2020 is one of the reasons to why Relaince is the 2nd most valuable energy firm in the world. The ReliancePP or partly paid up shares have been issued in recently concluded in the rights issue have generated over 4.1 times more returns to investors in less than two months. Reliance raised a total of Rs 2,12,809 crore just through Rights Issue, investment of BP to its fuel retaining venture.
It added 115.9 billion to shareholder wealth within just four months giving the company the highest value creation in the world in such a short time, which was mostly because the record breaking fundraising from its digital unit, Jio Platforms. The firm also added $39 billion market value just within 5 weeks and 29 billion just from the last 14 trading sessions. The combined capital raised has no precedence globally in such a short time.
The Reliance Group, is India’s largest private sector enterprise with businesses in thee energy and materials value chain. Founded by Dhirubhai Ambani the flagship company, Reliance Industries Limited is a fortune Global 500 company and has evolved from a textile company to a global leader in the materials and energy value chain businesses. It all started when Ambani started the yarn trading businesses in 1957 form a small 500sq.ft. Office in Mumbai. In 1996 Reliance went on to become the biggest textile brand “Only Vimal”
Reliance’s growth rate to become the worlds 2nd energy company by value
Reliance stands as the global leader when it comes to being the largest polyester yarn and fiber producer in the world and among the top five to ten producers in the world in major petrochemical products.
Reliance industries limited operates world class manufacturing facilities across the country at Allahabad, Barabanki, Dahej, Dhenkanal, Hazira, Hoshiarpur, Jamnagar, Kurkumbh, Nagothane, Nagpur, Naroda, Patalganga, Silvassa and Vadodara
The company works under different business segments such as Production, Petroleum Refining, Marketing, Petrochemicals, Textiles, Telecommunications and Retail.
The products and brands offered by the company are: LPG, Crude oil, Gasoline, High speed diesel, Aviation turbine fuel, Petroleum Coke, Sulphur, Fleet management services, Highway hospitality services, Vehicle care services, High and low density Polyethylene, Fleet management services, Highway hospitality services, Vehicle care services, different types of Yarn, etc.
The subsidiaries of Reliance are: Reliance Petroleum Limited, Reliance Industrial Investment and Holdings Limited, Reliance Ventures Limited, Reliance Strategic Investments Limited Reliance Exploration and Production DMCC Reliance Global Management Services Limited, Reliance Commercial Associates Limited.
other subsidiaries being Reliance Fresh Limited, Retail Concepts and Services (India) Limited, Reliance Retail Insurance Broking Limited, Reliance Retail Finance Limited, Reliance digital Retail Limited, Reliance Retail Travel & Forex Services Limited, Reliance Trends Limited, Reliance Home Store Limited, Reliance Digital Media Limited, etc.
For a company who just started as a small textile company, Reliance has crossed several milestone to become a Fortune 500 company and now the 2nd most valuable energy firm in the company within a span of 3 decades.
The Reliance industries has a 15 year vision to build itself as a new energy company that aims to recycle CO2 and create value from plastic waste and has an optimal mix of clean and affordable energy. While the oil to chemical conglomerate has more focused on consumer business in the recent times, but Reliance core which is oil to chemical business is well placed to generate sustained free cash flow.
Until demand normalizes Reliance Industries are looking to maximize throughout focus on the cost by leveraging deep petrochemical integration and continue to focus on domestic fuel Marketing. Future of O2C is new energy company and partnerships. It also intends to be a net carbon zero company by 2035. To achieve this, the company is also open to work with global financial investors, reputed technology partners and start-ups working on futuristic solutions.
This new energy business is based on the principle of carbon recycling and circular economy is a multi-trillion opportunity for India and the world. The brokerage said a key focus for Reliance Industries is renewable energy, and for that it intends to build an optimal mix of clean and affordable energy with hydrogen, wind, solar, fuel cells and battery. And intends to use technology, recycle CO2, create value from plastic waste.
Preeti Karna
