RELIANCE – INDIA’S LARGEST BUSINESS HOUSE
The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is India's largest business house with total revenues of over Rs 99,000 crore (US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore (US$ 3.6 billion).
The Group's activities span exploration and production (E&P) of oil and gas, refining and marketing, petrochemicals (polyester, polymers, and intermediates), textiles, financial services and insurance, power, telecom and infocomm initiatives. The Group exports its products to more than 100 countries the world over. Reliance emerged as India's Most Admired Business House, for the third successive year in a TNS Mode survey for 2003.
Reliance Group revenue is equivalent to about 3.5% of India's GDP. The Group contributes nearly 10% of the country's indirect tax revenues and over 6% of India's exports. An investor family of over 3.1 million - India’s largest, trusts reliance.
RELIANCE INDUSTRIES LTD. –
INDIA'S LARGEST PRIVATE SECTOR COMPANY
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with gross turnover of Rs 74,418 crore (US$ 17 billion), cash profit of Rs 9,197 crore (US$ 2.1 billion), net profit of Rs 5,160 crore (US$ 1.2 billion), net worth of Rs 34,452 crore (US$ 7.9 billion) and total assets of Rs 71,157 crore (US$ 16.3 billion). RIL emerged as the only Indian company in the list of global companies that create most value for their shareholders, published by Financial Times based on a global survey and research conducted by PricewaterhouseCoopers in 2004. RIL features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies.
RIL emerged as the 'Best Managed Company' in India in a study by Business Today and A.T. Kearney in 2003. The company emerged 'India's biggest wealth creator' in the private sector over a 5-year period in a study by Business Today - Stern Stewart in 2004.
RIL alone accounts for:
17 per cent of the total profits of the private sector in India
7 per cent of the profits of the entire corporate sector in India
6 per cent of the total market capitalization in India
Weightage of 13 per cent in the BSE Sensex
Weightage of 10 per cent in the Nifty Index
One out of every four investors in India is a Reliance shareholder.
With globally competitive capital and operating cost positions, Reliance Group dominates the rapidly growing Indian market deriving over 80% of its revenues from the domestic market.
Dhirubhai H. Ambani
Founder Chairman, Reliance Industries Limited, India
December 28, 1932 - July 6, 2002
At the age of 17 went to Aden (now part of Yemen) and worked for A. Besse & Co. Ltd., the sole selling distributor of Shell products.
In the year 1958 returned to Mumbai and started his first company, Reliance Commercial Corporation, a commodity trading and export house. In the year 1966, as a first step in Reliance's highly successful strategy of backward integration, he started the textile mill in Naroda, Ahmedabad. In the year 1975, a technical team from the World Bank certified that the Reliance textile plant was "excellent by developed country standards."
In the year 1977, the company went public.
Credited with a number of financial innovations in the Indian capital markets. Today, the Reliance Group has one of the largest family of shareholders in the world. With an investment of over Rs 36,000 crore (US$ 9 billion) in petroleum refining, petrochemicals, power generation, telecommunication services and a port terminal in a three-year time frame, has steered the Reliance Group to its current status as India's leading textiles-petroleum-petrochemicals-power-telecom player.
GROUP COMPANIES
Reliance Industries Limited
Reliance Capital Limited
Reliance Capital Mutual Fund
Reliance Industrial Infrastructure Limited
Reliance Energy
Reliance Telecom
Reliance Infocomm
Reliance General Insurance Co Ltd
Reliance Life Sciences
Indian Petrochemicals Corporation Ltd
BOARD OF DIRECTORS
Anil D. Ambani
Chairman & Managing Director
Mukesh D. Ambani
Vice Chairman & Managing Director
Nikhil R. Meswani
Executive Director
Hital R. Meswani
Executive Director
H.S.Kohli
Executive Director
Ramniklal H. Ambani
Mansingh L. Bhakta
T. Ramesh U. Pai
Yogendra P. Trivedi
Dr. D. V. Kapur
M. P. Modi
S. Venkitaramanan
MILESTONES
Reliance Infocomm Highlights
1999
The Dream, 1999 "Make a phone call cheaper than a postcard and you will usher in a revolutionary transformation in the lives of millions of Indians" - Dhirubhai Ambani
The Reality, November 15
Reliance Infocomm begins Project Planning
2000
May 10
Optic fibre laying process commences in Gujarat, Andhra Pradesh & Maharashtra
2001
May 1
First Media Convergence Node made "Ready for Electronics" at Jaipur
2002
January 15
First Base Transceiver Station (BTS) made "Ready for Electronics"
February 25
Obtains International Long Distance License from Govt. of India
December 22
Commissions 1st Optic Fibre Backbone ring
December 24
Establishes 1st Point of Interconnect (POI) in New Delhi
December 27
Hon'ble Prime Minister of India, Atal Behari Vajpayee e-inaugurates Reliance Infocomm
Hon'ble Union Minister for Parliamentary Affairs, Information Technology and Communications, Pramod Mahajan, inaugurates NNOC
2003
January 15
Introduces Dhirubhai Ambani Pioneer Offer for Reliance IndiaMobile service
February 14
Launches Reliance WebWorld in top 16 cities
March 31
Launches International Long Distance Services
April 3
Commissions all backbone rings
April 25
Introduces colour handsets
May 1
Launches Reliance IndiaMobile Service commercially in top 92 cities
with one million customers.
June 10
Launches India's first wireless Point of Sale (POS)
July 1
Introduces "Monsoon Hungama" Offer: Instant multimedia mobile phone and connection for just Rs 501.
Sets world record - acquires one million customers in 10 days
July 3
Launches R Connect Internet connection cable
Aug 26
Introduces Reliance IndiaPhone Fixed Wireless Phone and Terminal
September 20
"Navratri" a data service in R-World posts a world record of 10 million downloads on the first day of the launch.
September 30
R World clocks a phenomenal 1 billion hits in 1 month
October 6
Launches integrated broadband centre at Reliance WebWorld, Bangalore
October 24
Deploys pilot of Home Netway in Mumbai
October 30
Reliance becomes India's largest mobile service provider within 7 months of commercial launch
November 3
Customer base touches 5 million
November 12
Migrates to Unified License Regime
November 16
Launches National Roaming
November 21
Launches International SMS to 159 countries launched
December 19
Adds 4500th Contact Centre Executive
Contact Centre becomes the largest such facility deployed by any single Indian Service Provider
2004
January 12
International wholesale telecommunications service provider, FLAG Telecom amalgamates with Reliance Gateway, a wholly owned subsidiary of Reliance Infocomm
February 9
Launches RIM Prepaid with attractive offer - For Rs 3500 get a Motorola C131 mobile phone and Rs 3240 worth of re- charge vouchers instantly and stay connected for 1 year
February 17
Reliance subsidiary Flag Telecom announces FALCON Project - a major new Middle East Loop Terabits Submarine Cable System with links to Egypt and Hong Kong via India
March 22
Reliance Infocomm launches multi-player gaming on RIM handsets - a first in India
April 05
Reliance IndiaMobile introduces International Roaming facility to 172 countries, 300 networks
April 23
Reliance Infocomm introduces first ever auction facility on Mobile phones through R World.
May 27
Reliance Infocomm receives the Most Promising Service Provider of the Year 2003 (Asia Pacific) award at the Asia Pacific Technology Awards instituted by Frost & Sullivan.
June 8
Reliance Infocomm introduces World Card - a Prepaid International calling card for affordable and convenient ISD calls from India.
July 29
Announces India's First MPLS Global VPN Solution in partnership with MCI
August 5
Launches the first regional Customer Contact Centre in Chennai
September 6
Mukesh D. Ambani, Chairman, Reliance Infocomm, receives Voice & Data "Telecom Man of the Year" award
September 9
Introduces Railway Ticket booking from R World data applications suite of Reliance IndiaMobile
October 12
Mukesh Ambani voted the world’s most infuential telecom person by UK-based publication Total Telecom.
October 19
Reliance Infocomm bags the CDMA Development Group's 3G CDMA Industry Achievement Award for International Leadership.
2005
January 04
Reliance introduces first e-recharge facility in CDMA in India.
January 24
Reliance IndiaMobile announces mega rural plan to cover 4 lakh villages and 65 crore Indians by December 2005.
June 27
Shri Anil D Ambani is appointed Chairman of Reliance Infocomm.
Suggestions for Reliance Infocomm :
The Reliance Infocomm should focus more on 20-40 age group.
They should see the services of BSNL and improve according to those because most respondents were using BSNL service.
They should try to make tie up with Nokia handsets because most of respondents were using Nokia handsets.
They should focus more on improving prepaid services.
They should bring the currencies of 200 to 300 because most of respondents spent monthly the same amount.
The company should try to tackle the associations for convincing because most respondents were interested to be the part of association.
They should try to focus on the problems of call drops and busy networks.
It is suggested to review sales promotion strategy.
It is necessary to highlight quality network orientation in the advertisements.
The company should focus more on these taluka places, because so many people don’t know much about Reliance.
The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is India's largest business house with total revenues of over Rs 99,000 crore (US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore (US$ 3.6 billion).
The Group's activities span exploration and production (E&P) of oil and gas, refining and marketing, petrochemicals (polyester, polymers, and intermediates), textiles, financial services and insurance, power, telecom and infocomm initiatives. The Group exports its products to more than 100 countries the world over. Reliance emerged as India's Most Admired Business House, for the third successive year in a TNS Mode survey for 2003.
Reliance Group revenue is equivalent to about 3.5% of India's GDP. The Group contributes nearly 10% of the country's indirect tax revenues and over 6% of India's exports. An investor family of over 3.1 million - India’s largest, trusts reliance.
RELIANCE INDUSTRIES LTD. –
INDIA'S LARGEST PRIVATE SECTOR COMPANY
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with gross turnover of Rs 74,418 crore (US$ 17 billion), cash profit of Rs 9,197 crore (US$ 2.1 billion), net profit of Rs 5,160 crore (US$ 1.2 billion), net worth of Rs 34,452 crore (US$ 7.9 billion) and total assets of Rs 71,157 crore (US$ 16.3 billion). RIL emerged as the only Indian company in the list of global companies that create most value for their shareholders, published by Financial Times based on a global survey and research conducted by PricewaterhouseCoopers in 2004. RIL features in the Forbes Global list of world's 400 best big companies and in FT Global 500 list of world's largest companies.
RIL emerged as the 'Best Managed Company' in India in a study by Business Today and A.T. Kearney in 2003. The company emerged 'India's biggest wealth creator' in the private sector over a 5-year period in a study by Business Today - Stern Stewart in 2004.
RIL alone accounts for:
17 per cent of the total profits of the private sector in India
7 per cent of the profits of the entire corporate sector in India
6 per cent of the total market capitalization in India
Weightage of 13 per cent in the BSE Sensex
Weightage of 10 per cent in the Nifty Index
One out of every four investors in India is a Reliance shareholder.
With globally competitive capital and operating cost positions, Reliance Group dominates the rapidly growing Indian market deriving over 80% of its revenues from the domestic market.
Dhirubhai H. Ambani
Founder Chairman, Reliance Industries Limited, India
December 28, 1932 - July 6, 2002
At the age of 17 went to Aden (now part of Yemen) and worked for A. Besse & Co. Ltd., the sole selling distributor of Shell products.
In the year 1958 returned to Mumbai and started his first company, Reliance Commercial Corporation, a commodity trading and export house. In the year 1966, as a first step in Reliance's highly successful strategy of backward integration, he started the textile mill in Naroda, Ahmedabad. In the year 1975, a technical team from the World Bank certified that the Reliance textile plant was "excellent by developed country standards."
In the year 1977, the company went public.
Credited with a number of financial innovations in the Indian capital markets. Today, the Reliance Group has one of the largest family of shareholders in the world. With an investment of over Rs 36,000 crore (US$ 9 billion) in petroleum refining, petrochemicals, power generation, telecommunication services and a port terminal in a three-year time frame, has steered the Reliance Group to its current status as India's leading textiles-petroleum-petrochemicals-power-telecom player.
GROUP COMPANIES
Reliance Industries Limited
Reliance Capital Limited
Reliance Capital Mutual Fund
Reliance Industrial Infrastructure Limited
Reliance Energy
Reliance Telecom
Reliance Infocomm
Reliance General Insurance Co Ltd
Reliance Life Sciences
Indian Petrochemicals Corporation Ltd
BOARD OF DIRECTORS
Anil D. Ambani
Chairman & Managing Director
Mukesh D. Ambani
Vice Chairman & Managing Director
Nikhil R. Meswani
Executive Director
Hital R. Meswani
Executive Director
H.S.Kohli
Executive Director
Ramniklal H. Ambani
Mansingh L. Bhakta
T. Ramesh U. Pai
Yogendra P. Trivedi
Dr. D. V. Kapur
M. P. Modi
S. Venkitaramanan
MILESTONES
Reliance Infocomm Highlights
1999
The Dream, 1999 "Make a phone call cheaper than a postcard and you will usher in a revolutionary transformation in the lives of millions of Indians" - Dhirubhai Ambani
The Reality, November 15
Reliance Infocomm begins Project Planning
2000
May 10
Optic fibre laying process commences in Gujarat, Andhra Pradesh & Maharashtra
2001
May 1
First Media Convergence Node made "Ready for Electronics" at Jaipur
2002
January 15
First Base Transceiver Station (BTS) made "Ready for Electronics"
February 25
Obtains International Long Distance License from Govt. of India
December 22
Commissions 1st Optic Fibre Backbone ring
December 24
Establishes 1st Point of Interconnect (POI) in New Delhi
December 27
Hon'ble Prime Minister of India, Atal Behari Vajpayee e-inaugurates Reliance Infocomm
Hon'ble Union Minister for Parliamentary Affairs, Information Technology and Communications, Pramod Mahajan, inaugurates NNOC
2003
January 15
Introduces Dhirubhai Ambani Pioneer Offer for Reliance IndiaMobile service
February 14
Launches Reliance WebWorld in top 16 cities
March 31
Launches International Long Distance Services
April 3
Commissions all backbone rings
April 25
Introduces colour handsets
May 1
Launches Reliance IndiaMobile Service commercially in top 92 cities
with one million customers.
June 10
Launches India's first wireless Point of Sale (POS)
July 1
Introduces "Monsoon Hungama" Offer: Instant multimedia mobile phone and connection for just Rs 501.
Sets world record - acquires one million customers in 10 days
July 3
Launches R Connect Internet connection cable
Aug 26
Introduces Reliance IndiaPhone Fixed Wireless Phone and Terminal
September 20
"Navratri" a data service in R-World posts a world record of 10 million downloads on the first day of the launch.
September 30
R World clocks a phenomenal 1 billion hits in 1 month
October 6
Launches integrated broadband centre at Reliance WebWorld, Bangalore
October 24
Deploys pilot of Home Netway in Mumbai
October 30
Reliance becomes India's largest mobile service provider within 7 months of commercial launch
November 3
Customer base touches 5 million
November 12
Migrates to Unified License Regime
November 16
Launches National Roaming
November 21
Launches International SMS to 159 countries launched
December 19
Adds 4500th Contact Centre Executive
Contact Centre becomes the largest such facility deployed by any single Indian Service Provider
2004
January 12
International wholesale telecommunications service provider, FLAG Telecom amalgamates with Reliance Gateway, a wholly owned subsidiary of Reliance Infocomm
February 9
Launches RIM Prepaid with attractive offer - For Rs 3500 get a Motorola C131 mobile phone and Rs 3240 worth of re- charge vouchers instantly and stay connected for 1 year
February 17
Reliance subsidiary Flag Telecom announces FALCON Project - a major new Middle East Loop Terabits Submarine Cable System with links to Egypt and Hong Kong via India
March 22
Reliance Infocomm launches multi-player gaming on RIM handsets - a first in India
April 05
Reliance IndiaMobile introduces International Roaming facility to 172 countries, 300 networks
April 23
Reliance Infocomm introduces first ever auction facility on Mobile phones through R World.
May 27
Reliance Infocomm receives the Most Promising Service Provider of the Year 2003 (Asia Pacific) award at the Asia Pacific Technology Awards instituted by Frost & Sullivan.
June 8
Reliance Infocomm introduces World Card - a Prepaid International calling card for affordable and convenient ISD calls from India.
July 29
Announces India's First MPLS Global VPN Solution in partnership with MCI
August 5
Launches the first regional Customer Contact Centre in Chennai
September 6
Mukesh D. Ambani, Chairman, Reliance Infocomm, receives Voice & Data "Telecom Man of the Year" award
September 9
Introduces Railway Ticket booking from R World data applications suite of Reliance IndiaMobile
October 12
Mukesh Ambani voted the world’s most infuential telecom person by UK-based publication Total Telecom.
October 19
Reliance Infocomm bags the CDMA Development Group's 3G CDMA Industry Achievement Award for International Leadership.
2005
January 04
Reliance introduces first e-recharge facility in CDMA in India.
January 24
Reliance IndiaMobile announces mega rural plan to cover 4 lakh villages and 65 crore Indians by December 2005.
June 27
Shri Anil D Ambani is appointed Chairman of Reliance Infocomm.
Suggestions for Reliance Infocomm :
The Reliance Infocomm should focus more on 20-40 age group.
They should see the services of BSNL and improve according to those because most respondents were using BSNL service.
They should try to make tie up with Nokia handsets because most of respondents were using Nokia handsets.
They should focus more on improving prepaid services.
They should bring the currencies of 200 to 300 because most of respondents spent monthly the same amount.
The company should try to tackle the associations for convincing because most respondents were interested to be the part of association.
They should try to focus on the problems of call drops and busy networks.
It is suggested to review sales promotion strategy.
It is necessary to highlight quality network orientation in the advertisements.
The company should focus more on these taluka places, because so many people don’t know much about Reliance.
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