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Reliance Industries

Reliance Industries Limited
Company nameReliance Industries Limited
Company typePublic
BSE - 500325
Slogan"Growth is life"
Founded1966 As Reliance Commercial Corporation
Founder(s)Dhirubhai Ambani
HeadquartersMumbai, Maharashtra, India
Area servedWorldwide
Key peopleMukesh Ambani
(Chairman & MD)
ProductsOil and Gas
Revenue(+) US$ 58.55 billion (2011)
Net income(+) US$ 4.54 billion (2011)
Total assets(+) US$ 63.84 billion (2011)
Total equity(+) US$ 34.12 billion (2011)
Employees23,365 (2010)
SubsidiaryReliance Life Sciences
Reliance Industrial Infrastructure Limited
Reliance Logistics
Reliance Clinical Research Services
Reliance Solar
Infotel Broadband

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Reliance Industries Limited (RIL) (BSE - 500325, NSE - RELIANCE, LSE - RIGD) is the largest private sector conglomerate company headquartered at Mumbai, India. The company is largest by annual turnover of $58.5 billion and market capitalization of $76.9 billion for the fiscal year ending in March 2011 making it one of the largest India's private sector companies, being ranked at 264th position in the Fortune Global 500 (2009) and at the 126th position in the Forbes Global 2000 list (2010).

Reliance was founded by the Indian industrialist Dhirubhai Ambani in 1966. Ambani has been a pioneer in introducing financial instruments like fully convertible debentures to the Indian stock markets. Ambani was one of the first entrepreneurs to draw retail investors to the stock markets. Critics allege that the rise of Reliance Industries to the top slot in terms of market capitalization is largely due to Dhirubhai's ability to manipulate the levers of a controlled economy to his advantage.

Though the company's petrochemicals, refining, and oil and gas-related operations form the core of its business, however, other segment of the company includes textile, retail business, telecommunications and special economic zone (SEZ) development. After severe differences between the founder's two sons, Mukesh Ambani and Anil Ambani, the group was divided between them in 2006. In September 2008, Reliance Industries was the only Indian firm featured in the Forbes's list of "world's 100 most respected companies". In 2010, it stood at 13th position in the Platts Top 250 Global Energy Company Rankings.

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