Reliance

Company name :- Reliance Industries Ltd.

Founder :- Dhirubhai Ambani

Founded :- 8 May 1973

Inshort Conspectus about Reliance

In circumference of gigantic corporate world,

Most of the people in India as well as in the world are very familiar with one of the leading artificial person "Reliance".

• Reliance industries ltd is an Indian multinational blue-chip public ltd company also pertained to be India's largest conglomerate company. 

• It has affianced its operations in the field of energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

• In the year 2018 Reliance Industries ltd became the First Indian Multinational Firm to cross the Net worth or Market Capitalization of Rs – 10 Lakh-Crore . 

SHORT HISTORY / INTRESTING ONSET OF RELIANCE

• Reliance was founded and incorporated with the partnership of Dhirubhai Ambani and Champaklal Damani in 1960s with the tag name of Reliance commercial corporation.

• The fine line of business of reliance was of the textile manufacturing majorly polyester.

• In 1975 reliance expanded its textile business and It came with a popular brand name "Vimal" that helped the company to increase its growth expand its operation in different lines of businesses. 

• It got the name "Reliance industries" on the 8th May 1973 and it went public or it came with its very first IPO (initial public offering) in the year 1977. This year is considered as an memorable and unforgettable Birthday.

• The very first share of reliance was listed on the stock exchange on 1st April 2005 for ₹141.

Owners of Reliance

Ownership of the Reliance is consolidated by the 6 groups;

• Promoters
• Mutual Funds
• Insurance companies
• Foreign Portfolio Investors 
• Individual Investors 
• Others

According to the above shown groups major shareholding and voting rights are held by the promoters. And the major promoter of the company is “Mukesh Ambani” .

COHORTS OR SUBSIDIARES OF RELIANCE

"Reliance industries ltd" is a Parent company, under which there are 6 separate group of companies that are operating.

Group of Companies those are operating in separate lines or separate fields of businesses which intends increase the revenue, sales, profit, market capitalization of Reliance industries ltd.

These also help to expand and diversify the operations of their parent company are known as the cohorts or subsidiaries of Reliance.

Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

Here are some of the subsidiaries of reliance:

• Reliance Jio
• Reliance petroleum
• Performax
• Reliance retail
• Reliance capital
• Reliance communications ltd  

Strange Fact about Reliance

• Reliance became the largest company of India in terms of Market Capitalization at the end of the Financial year 2019 and Its Market Capitalization went topsy-turvy to its 2 year low in the 1st quarter of Financial year 2020 ambit of perilous outbreak of Coronavirus all around the world.

*  Jio

As we all know that now a days one of the subsidiaries of Reliance naming "Reliance Jio" is growing like a grapevine. It's headquarter is present in Mumbai, Maharashtra, India. It operates in national  4G LTE  network, it does not offer 2G or 3G services and instead uses only voice over LTE to provide voice service on it's 4G network.

Jio Facts

*  As of 31 December 2019, it is the largest mobile network operator in India and the third largest mobile network operator in the world with over 370.07 million subscribers.

*  It is also the fourth largest provider of fixed telephony in Country.

*  Reliance Jio Infocomm Limited (RJIL) previously known as Infotel Broadband, is a broadband service provider which gained 4G licences for operating across India.