In 1957, Dhirubhai Ambani makes his way back to India from A. Besse & Co. in Aden, Yemen. He opens a little 500 square foot office in Masjid Bunder, Mumbai, where he trades yarn, but he has aspirations to build India's biggest corporation.
Reliance Textile Industries' initial public offering (IPO) in 1977 makes history by popularizing the equity cult in India. Reliance's growth aspirations are strengthened by the issue's seven-fold over subscription rate.
Reliance begins its journey towards backward integration by establishing a mill in Naroda, Gujarat. At Patalganga, Reliance's first major manufacturing project in a record-breaking 18 months is being established under Mukesh Ambani's direction.
The backward integration process of Reliance is ongoing. The Hazira factory went live in 1991, laying the groundwork for Reliance to grow into the largest integrated polyester producer in the world.
The Jamnagar petrochemicals and integrated refinery complex, the largest grassroots refinery in the world, is commissioned by Reliance in 2000 in a time-record 36 months. The largest mango orchard in Asia may now be found in the desert surrounding Jamnagar thanks to the creation of the related green belt!
Reliance enters the infocomm industry in 2002, revolutionizing mobile phone technology in India. Reliance decides in 2005 to strategically restructure its operations through a demerger. There are separate entities for the production and distribution of electricity, financial services, and telecommunication services.
Reliance becomes the first and only privately owned Indian company to be included in the Fortune Global 500 list in 2004. Additionally, Reliance is the first privately held firm to have a credit rating from a global credit rating agency, such as Moody's or Standard & Poor's.
Despite all odds, Reliance starts producing hydrocarbons in its KGD6 block in 2009, just over two years after its discovery, making it the fastest green-field deep water oil development operation in the history of the planet. Reliance ends a historic journey towards backward integration with this milestone.
Reliance Retail surpasses all other retailers in terms of revenue in 2014, realizing the dreams of millions of Indians and offering inexpensive international experiences to every region of the country.
Reliance Jio Infocomm Ltd., ushers in a pan-India digital revolution through state-of-the-art wireless broadband 4G services, promising to bridge the digital divide.
The market capitalization of Reliance surpasses $10 trillion in 2019, making it the first Indian firm to do so. As Chairman and Managing Director Mr. Mukesh Ambani notes, "In just four decades, Reliance has grown from a small startup to one of the largest, most admired companies in the world." Reliance is the 96th-highest ranked firm on the Fortune Global 500 list in 2020 and the 48th-highest valued company in the entire world.
Source : Reliance Industries Ltd
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