Reliance Group
 | This article needs additional citations for verification. (January 2016) |
 | This article needs to be updated. (August 2018) |
 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Predecessor | Reliance Commercial Corporation |
| Founded | 1966 |
| Founder | Dhirubhai Ambani |
| Headquarters | , India |
Key people | Anil Ambani (Chairman) |
| Products | Telecom, financial services, construction, entertainment, Power, health care, aviation, Defences |
| Revenue |  US$15.4 billion (2012)[citation needed] |
| US$2 billion (2012)[citation needed] | |
| US$3.5 billion (2012)[citation needed] | |
| Total assets | US$43.6 billion (2016) "'" (PDF). |
Number of employees | 120,000 (2012)[citation needed] |
| Subsidiaries | Reliance Power Reliance Communications Reliance Infrastructure Reliance Capital Reliance Entertainment Reliance Health Reliance MediaWorks |
| Website | relianceadagroup.com |
Reliance Anil Dhirubhai Ambani Group (Anil Dhirubhai Ambani Ventures Limited) is an Indian conglomerate, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani.[1] It has a market capitalisation of ₹890 billion (US$11 billion) and net assets worth ₹1,800 billion (US$22 billion).[citation needed] The Reliance Group operates in over 20,000 towns and 450,000 villages in India, and abroad.[citation needed]
Reliance Group has four listed companies. Reliance Power, Reliance Communications, Reliance Infrastructure, and Reliance Capital, with a shareholder base of over 12 million.[citation needed] The group provides telecom, financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.
History
Reliance group was founded by Dhirubhai Ambani in 1966 as a polyester firm. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his sons. The group was formed after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries.[2][3] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance Capital and RNRL. Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.[4] Reliance power was the first Indian company to earn carbon credits,[citation needed] and the United Nations registered Reliance Power’s Sasan power project is planned to earn as many as 22.5 million credits in the next 10 years,[citation needed] under the UN Clean Development Mechanism, a greenhouse gas market which issues tradable credits to emissions-lowering projects in developing countries. Reliance Power has coal mines in Indonesia, and has also made major acquisitions in UK and USA[which?]. On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.[5] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation.[6] The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.
The brand ambassador of Reliance is Anushka Sharma for Reliance Communication, Abhishek Bachchan and Sonu Nigam for Big 92.7 FM.[citation needed] Virender Sehwag was formerly the brand ambassador for Reliance Communication, then known as Reliance Infocom.[citation needed]
- Subsidiaries
- Reliance Aerospace
- Reliance Power
- Reliance Energy
- Pipavav Shipyard Reliance Naval and Engineering Limited
- Reliance Aerotech
- Turbofans , Gas Turbines , JV with AI Progres Motor Sich
Major acquisitions
|
| Date | ||
|---|---|---|
| May 2000 | BSES | Reliance Power |
| Oct 2003 | FLAG Telecom, 207Mn$ | Reliance Globalcom |
| July 2005 | Metro Adlabs (51% stake), 74Mn$ | Reliance Entertainment |
| Apr 2008 | Lowry Digital USA, 7.5Mn$ | Reliance Big Entertainment |
| May 2008 | Vanco | Reliance Globalcom |
| Apr 2010 | Codemasters UK (50% stake) | Zapak |
| Sept 2011 | Bloomberg UTV (66% stake) | Reliance Capital |
| Mar 2015 | Pipavav Shipyard | Reliance Infrastructure |
| Oct 2015 | MTS India | Reliance Communication |
References
- ^ "Reliance ADAG – Reliance Anil dmsumra 7Dhirubhai Ambani Group India – Reliance ADA Group Profile". Iloveindia.com. 21 July 2007. Retrieved 14 August 2010.
- ^ "Mukesh to double enterprise value to US$160 bn: Rediff.com Business". Business.rediff.com. 18 June 2010. Retrieved 14 August 2010.
- ^ "Reliance set to split between Anil and Mukesh Ambani – Central Government may intervene!". IndiaDaily. Archived from the original on 9 October 2008. Retrieved 14 August 2010.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Reliance Power, Shanghai Electric ink $8.3 bln deal". in.reuters.com. Reuters. 28 October 2010. Retrieved 28 July 2016.
- ^ "Reliance-Dassault JV to start output in Q1 of 2018". /timesofindia.indiatimes.com. 28 October 2018.
- ^ "ADAG gains at HAL's cost". theindependent.in. 29 October 2018.
External links
| Companies |
|  | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Institutes | ||||||||||||||||||
| People | ||||||||||||||||||
| Former units | ||||||||||||||||||
See also: Template:Reliance Industries Limited | ||||||||||||||||||