Reliance Industries Limited (RIL)
Reliance Industries Limited (RIL) is an Indian multinational conglomerate company. It is headquartered in Mumbai, India. Reliance is one of the most profitable companies in India. The company was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960’s as Reliance Commercial Corporation. The company is ranked 96th on the Fortune Global 500 list of the world’s biggest corporations as of 2020. RIL’s diverse businesses include energy, petrochemicals, natural-gas, retail, telecommunications, mass-media, and textiles.
Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. Their motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. They have evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. In each of these areas, they are committed to innovation-led, exponential growth.
COVID-19 RESPONSE:
With 875 beds for COVID patients, Reliance Foundation makes the largest contribution to COVID care in Mumbai by any philanthropic organization. 100 New ICU beds being created by Reliance Foundation. 100 beds being set up at Trident Hotel, BKC, for asymptomatic patients. ICU bed capacity augmented at Seven Hills Hospital to a total of 125 beds including 45 ICU beds. All COVID patients at NSCI and Seven Hills Hospital being treated free of cost
Reliance Retail is supplying most essential food and other items to millions of Indian families unceasingly. It is also working relentlessly to source equipment and materials required for testing, isolation and treatment, including sanitation and personal protective equipment. Reliance Life Sciences has enhanced India’s COVID-19 testing capabilities by developing its own confirmatory tests.
Reliance’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. We are now focussed on building platforms that will herald the Fourth Industrial Revolution and will create opportunities and avenues for India and all its citizens to realise their true potential.
Their shareholding pattern consists of Promoters and Promoter Group having 50.59% of shares, Public having 11.03% shares, Government having 0.18% following by FII’s having 25.09% shares and DII’s with 13.11% shares.
