Reliance Industries#Other

File: Dhirubhai Ambani 2002 stamp of India.jpg]]

Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani as a small venture firm trading commodities, especially spices and polyester yarn. In 1965, the partnership ended and Dhirubhai continued the polyester business of the firm.{{cite news |url=http://www.arabnews.com/ambani-gas-station-attendant-reliance-owner |title=Ambani: From a gas station attendant to Reliance owner |newspaper=Arab News |date=2 November 2012 |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20130824203609/http://www.arabnews.com/ambani-gas-station-attendant-reliance-owner |archive-date=24 August 2013 |url-status=live }} In 1966, Reliance Textiles Industries Pvt. Ltd. was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat.{{cite news |url=http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanyhistory/companyid-13215.cms |title=Company History – Reliance Industries Ltd. |newspaper=The Economic Times |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20130928201223/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanyhistory/companyid-13215.cms |archive-date=28 September 2013 |url-status=live }} On 8 May 1973, it became Reliance Textiles Industries Limited. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company held its initial public offering (IPO) in 1977.{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |website=RIL.com |access-date=22 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html |archive-date=17 August 2013 }} The issue was over-subscribed by seven times.{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |title=Reliance Industries: Milestones of an oil giant – Slide 4 |website=NDTV.com |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20130928193417/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |archive-date=28 September 2013 |url-status=live }} In 1979, a textiles company Sidhpur Mills was amalgamated with the company.{{cite web |url=https://www.ril.com/about/our-history|title=Our History – Reliance Industries |access-date=26 August 2013 |last1=Com |first1=Ril }} In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, Raigad, Maharashtra with financial and technical collaboration with E. I. du Pont de Nemours & Co., U.S.

In 1985, the name of the company was changed from Reliance Textiles Industries Ltd. to Reliance Industries Ltd. During 1985 to 1992, the company expanded its installed capacity for producing polyester yarn by over 145,000 tonnes per annum.

The Hazira petrochemical plant was commissioned in 1991–92.{{cite web | title= Reliance Industries Ltd | publisher= HDFC Securities | access-date= 26 August 2013| url= http://www.hdfcsec.com/Market/Information.aspx?CoCode=476&RptType=History | archive-url= https://web.archive.org/web/20140110093244/http://www.hdfcsec.com/Market/Information.aspx?CoCode=476&RptType=History | archive-date= 10 January 2014| url-status= live }}

In 1993, Reliance turned to the overseas capital markets for funds through a global depository issue of Reliance Petroleum. In 1996, it became the first private sector company in India to be rated by international credit rating agencies. S&P rated Reliance "BB+, stable outlook, constrained by the sovereign ceiling". Moody's rated "Baa3, Investment grade, constrained by the sovereign ceiling".{{cite web | title= Reliance Industries: Milestones of an oil giant – Slide 8 | website= NDTV.com | url= http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/8 | access-date= 25 August 2013| archive-url= https://web.archive.org/web/20131002033154/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/8 | archive-date= 2 October 2013| url-status= live }}

In 1995/96, the company entered the telecommunications industry through a joint venture with NYNEX, USA, and promoted Reliance Telecom Private Limited in India.

In 1998, Reliance took over Indian Petrochemicals Corporation Limited during privatization of public sector enterprises.

In 1998/99, RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas.

The years 1998–2000 saw the construction of the integrated petrochemical complex at Jamnagar in Gujarat, the largest refinery in the world.

In 2001, Reliance Industries Ltd. and Reliance Petroleum Ltd. became India's two largest companies in terms of all major financial parameters.{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/9 |title=Reliance Industries: Milestones of an oil giant – Slide 9 |website=NDTV.com |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20131002041749/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/9 |archive-date=2 October 2013 |url-status=live }} In 2001–02, Reliance Petroleum was merged with Reliance Industries.

In 2002, Reliance announced India's biggest gas discovery (at the Krishna Godavari basin) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was more than 7 trillion cubic feet, equivalent to about 120 crore (1.2 billion) barrels of crude oil. This was the first-ever discovery by an Indian private sector company.{{Primary source inline|date=April 2023}}{{cite news |url=http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |title=Krishna-Godavari basin to yield 160mt oil: RIL |newspaper=The Economic Times |date=1 November 2002 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110085847/http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |archive-date=10 January 2014 |url-status=dead }}

In 2002–03, RIL purchased a majority stake in Indian Petrochemicals Corporation Ltd. (IPCL), India's second largest petrochemicals company, from the government of India,{{cite news |url=http://www.thehindubusinessline.in/2002/05/20/stories/2002052000790500.htm |title=Reliance makes it big with IPCL |newspaper=The Hindu |date=20 May 2002 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20120414005325/http://www.thehindubusinessline.in/2002/05/20/stories/2002052000790500.htm |archive-date=14 April 2012 |url-status=live }} RIL took over IPCL's Vadodara Plants and renamed it as Vadodara Manufacturing Division (VMD).{{Cite web|title=Ministry of Environment Forest and Climate Change Government of India|url=http://environmentclearance.nic.in/writereaddata/Online/TOR/26_Apr_2017_105044523CABI20QBPre-FeasibilityReport.pdf|date=April 2017|access-date=4 May 2020|archive-date=28 July 2018|archive-url=https://web.archive.org/web/20180728035641/http://environmentclearance.nic.in/writereaddata/Online/TOR/26_Apr_2017_105044523CABI20QBPre-FeasibilityReport.pdf|url-status=live}}{{Cite book|last=Nina Muncherji, C. Gopalakrishnan, Upider Dhar|title=Partners In Success: Strategic Hr And Entrepreneurship|publisher=Excel Books India|year=2009|isbn=9788174467010|pages=6}} IPCL's Nagothane and Dahej manufacturing complexes came under RIL when IPCL was merged with RIL in 2008.{{cite news |url=http://www.business-standard.com/article/companies/ipcl-set-to-merge-with-reliance-industries-107030801104_1.html |title=IPCL set to merge with Reliance Industries |newspaper=Business Standard |date=8 March 2007 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110135049/http://www.business-standard.com/article/companies/ipcl-set-to-merge-with-reliance-industries-107030801104_1.html |archive-date=10 January 2014 |url-status=live }}{{cite news |url=http://www.financialexpress.com/news/story/193649 |title=Reliance-IPCL merger swap ratio set at 1:5 |newspaper=The Financial Express |date=11 March 2007 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110090017/http://www.financialexpress.com/news/story/193649 |archive-date=10 January 2014 |url-status=live }}

In 2005 and 2006, the company reorganised its business by demerging its investments in power generation and distribution, financial services and telecommunication services into four separate entities.{{cite web |url=http://ril.com/html/investor/scheme_demerger.html |title=Scheme of Demerger |website=RIL.com |access-date=25 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130509071142/http://www.ril.com/html/investor/scheme_demerger.html |archive-date=9 May 2013 }}{{Primary source inline|date=April 2023}}

In 2006, Reliance entered the organised retail market in India{{cite web|url=http://www.btvin.com/videos/watch/7595/retail:-growth-engine-for-ril|title=BTvIn - Retail: Growth Engine For RIL|work=Btvin|access-date=26 June 2014|archive-url=https://web.archive.org/web/20141208025311/http://www.btvin.com/videos/watch/7595/retail:-growth-engine-for-ril|archive-date=8 December 2014|url-status=usurped}} with the launch of its retail store format under the brand name of 'Reliance Fresh'.{{cite web |url=http://news.bbc.co.uk/2/hi/business/6112578.stm |title=Reliance launches retail venture |work=BBC News |date=3 November 2006 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110092259/http://news.bbc.co.uk/2/hi/business/6112578.stm |archive-date=10 January 2014 |url-status=live }}{{cite news |url=http://www.business-standard.com/article/companies/coming-to-your-neighbourhood-reliance-fresh-106110300049_1.html |title=Coming to your neighbourhood – Reliance Fresh |newspaper=Business Standard |date=3 November 2006 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110135035/http://www.business-standard.com/article/companies/coming-to-your-neighbourhood-reliance-fresh-106110300049_1.html |archive-date=10 January 2014 |url-status=live }} By the end of 2008, Reliance Retail had close to 600 stores across 57 cities in India.{{Primary source inline|date=April 2023}}

In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders.{{Citation needed|date=April 2023}}

In 2010, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation (4G) spectrum auction held by the government of India.{{cite web |url=https://www.wsj.com/articles/SB10001424052748703509404575300313733929690 |title=Reliance Bets Big on 4G |work=The Wall Street Journal |date=12 June 2010 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20150318033739/http://www.wsj.com/articles/SB10001424052748703509404575300313733929690 |archive-date=18 March 2015 |url-status=live }}{{cite news |url=http://www.thehindu.com/business/companies/reliance-industries-to-acquire-infotel-broadband/article452893.ece |title=Reliance Industries to acquire Infotel Broadband |newspaper=The Hindu |date=11 June 2010 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110090700/http://www.thehindu.com/business/companies/reliance-industries-to-acquire-infotel-broadband/article452893.ece |archive-date=10 January 2014 |url-status=live }}

In the same year, Reliance and BP announced a partnership in the oil and gas business. BP took a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the KG-D6 block for $7.2 billion.{{cite news |url=http://in.reuters.com/article/us-bp-reliance-idUSTRE71K1U520110221 |title=BP partners Reliance in $7.2 billion Indian oil hunt |agency=Reuters India |date=22 February 2011 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110092156/http://in.reuters.com/article/2011/02/21/us-bp-reliance-idUSTRE71K1U520110221 |archive-date=10 January 2014 |url-status=dead }} Reliance also formed a 50:50 joint venture with BP for sourcing and marketing of gas in India.{{cite news |url=http://articles.economictimes.indiatimes.com/2011-08-31/news/29949268_1_positions-in-significant-hydrocarbon-bob-dudley-bp |title=Reliance Industries, BP complete $7.2-billion deal |newspaper=The Economic Times |date=31 August 2011 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20130908113359/http://articles.economictimes.indiatimes.com/2011-08-31/news/29949268_1_positions-in-significant-hydrocarbon-bob-dudley-bp |archive-date=8 September 2013 |url-status=dead }}

In 2017, RIL set up a joint venture with Russian Company Sibur for setting up a Butyl rubber plant in Jamnagar, Gujarat, to be operational by 2018.{{cite news|title=RIL, Russia's Sibur join hands for Jamnagar butyl rubber unit|url=http://economictimes.indiatimes.com/industry/indl-goods/svs/petrochem/ril-russias-sibur-join-hands-for-jamnagar-butyl-rubber-unit/articleshow/56644960.cms|website=The Economic Times|access-date=19 July 2017|archive-url=https://web.archive.org/web/20170910050011/http://economictimes.indiatimes.com/industry/indl-goods/svs/petrochem/ril-russias-sibur-join-hands-for-jamnagar-butyl-rubber-unit/articleshow/56644960.cms|archive-date=10 September 2017|url-status=live}}

In August 2019, Reliance added Fynd{{Cite web|url=https://www.fynd.com/page/fynd-home|title=Fynd - Your Everyday Fashion Destination|website=Fynd|access-date=29 June 2022|archive-date=7 July 2022|archive-url=https://web.archive.org/web/20220707113359/https://www.fynd.com/page/fynd-home|url-status=live}} primarily for its consumer businesses and mobile phone services in the e-commerce space.{{Cite web|last=Bloomberg|title=Reliance to buy Google-backed tech start-up Shopsense Retail|url=https://www.thehindubusinessline.com/info-tech/reliance-to-buy-google-backed-tech-start-up-shopsense-retail/article28821784.ece|access-date=9 July 2020|website=@businessline|date=5 August 2019|language=en|archive-date=12 July 2020|archive-url=https://web.archive.org/web/20200712220152/https://www.thehindubusinessline.com/info-tech/reliance-to-buy-google-backed-tech-start-up-shopsense-retail/article28821784.ece|url-status=live}}{{Cite web|date=2 August 2019|title=Reliance-Shopsense Deal|url=https://www.ril.com/DownloadFiles/CorporateAnnouncements/Reg30_Shopsense.pdf|website=RIL.com|access-date=1 March 2024|archive-date=27 April 2022|archive-url=https://web.archive.org/web/20220427053954/https://www.ril.com/DownloadFiles/CorporateAnnouncements/Reg30_Shopsense.pdf|url-status=dead}}

In December 2022, Reliance Industries Market cap stood at {{INRConvert|17.59|lc|year=2022|mode=historical}}.{{Cite web |title=Top 100 stocks by Market Capitalization {{!}} BSE Listed stocks Market Capitalization |url=https://www.bseindia.com/markets/equity/eqreports/topmarketcapitalization.aspx |access-date=2022-12-19 |website=www.bseindia.com |archive-date=25 July 2019 |archive-url=https://web.archive.org/web/20190725202033/https://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx |url-status=live }}

In February 2024, Reliance Industries Ltd. and The BharatGPT group announced that it will launch large language model (LLM), Hanuman's AI system in March 2024. The model will work in 11 local languages in four major areas: health, governance, financial services and education.{{Cite web|language=en|url=https://www.business-standard.com/companies/news/ai-model-backed-by-mukesh-ambani-s-reliance-industries-to-launch-in-march-124022100160_1.html|title=AI model backed by Mukesh Ambani's Reliance Industries to launch in March|website=Business Standard|access-date=2024-02-25|archive-date=2024-02-24|archive-url=https://web.archive.org/web/20240224223759/https://www.business-standard.com/companies/news/ai-model-backed-by-mukesh-ambani-s-reliance-industries-to-launch-in-march-124022100160_1.html}}

In February 2024, Reliance and The Walt Disney Company announced a deal to merge their streaming and television assets.{{cite web |last=Goldsmith |first=Jill |date=28 February 2024 |title=Disney And Reliance Clinch Joint Venture In India |url=https://deadline.com/2024/02/disney-star-reliance-india-joint-venture-in-india-1235840411/ |access-date=28 February 2024 |website=Deadline Hollywood}}{{cite web |title=Reliance and Disney announce strategic joint venture to bring together the most compelling and engaging entertainment brands in India |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/ea700929-d4cd-43d9-8d05-a6d2553436e8.pdf |website=BSE India }} The deal was closed in November 2024, with the Disney Star joint venture having a reported value of $8.5 billion.{{cite web |last1=Manfredi |first1=Lucas |date=14 November 2024 |title=Disney, Reliance Industries Close $8.5 Billion Merger of Star India and Viacom18 |url=https://www.thewrap.com/disney-reliance-close-star-india-viacom18-merger/ |access-date=18 November 2024 |website=TheWrap |publisher=}}

In October 2024, Reliance entered into an agreement with Nvidia to procure Blackwell chips for its planned data centre in Jamnagar.{{cite web |title=Nvidia to supply chips to Reliance, other Indian companies in AI push |url=https://www.reuters.com/technology/artificial-intelligence/nvidia-rolls-out-hindi-language-ai-model-india-ceo-huang-visits-2024-10-24/ |website=Reuters |date=24 October 2024}}

On 22 May 2025, Reliance Defence, a subsidiary of Reliance Infrastructure, announced a strategic partnership with Germany's Rheinmetall in the field of ammunition, where Reliance would supply explosives and propellants for medium- and heavy-calibre ammunition from a new greenfield manufacturing facility in Watad Industrial Area of Ratnagiri, Maharashtra, which is a part of Dhirubhai Ambani Defence City. The companies would also engaged in joint marketing activities for selected products. The partnership could also expand in future as per requirement. The new Reliance facility, meant to be one of the largest of its kind in South Asia, will produce 2,00,000 artillery shells, 10,000 tons of explosives and 2,000 tons of propellants.{{Cite web |date=2025-05-22 |title=Strategic partnership with Reliance from India |url=https://www.rheinmetall.com/en/media/news-watch/news/2025/05/2025-05-22-strategic-partnership-with-reliance-from-india |access-date=2025-06-19 |website=Rheinmetall |language=en}}{{Cite news |last= |first= |date=2025-05-22 |title=Reliance Defence ties up with Rheinmetall AG for production of ammunition |url=https://www.thehindu.com/business/reliance-defence-ties-up-with-rheinmetall-ag-for-production-of-ammunition/article69606664.ece |access-date=2025-06-19 |work=The Hindu |language=en-IN |issn=0971-751X}}

On 3 June 2025, it was reported that Reliance Industries-owned Jai Ammunition Limited was part of an Indian Army project to supply indigenously designed, developed and produced artillery shells and reduce foreign dependence. As of date, four ammunition variants – including high explosive, smoke and dual-purpose improved conventional munition (DPICM) rounds – have been tested for the past two years. The final development-cum-user trials are planned in November 2025, following which mass order could be placed. The shells have been developed under the Development Cum Production Partner (DCPP) programme by the Defence Research and Development Organisation (DRDO) with two industry partners – Jai Ammunition and Yantra India.{{Cite news |last=Pubby |first=Manu |date=2025-06-03 |title=Indigenous artillery ammo nears completion |url=https://economictimes.indiatimes.com/news/defence/indigenous-artillery-ammo-nears-completion/articleshow/121579524.cms?from=mdr |access-date=2025-06-21 |work=The Economic Times |issn=0013-0389}}

On 10 June 2025, Reliance Defence announced another strategic cooperation agreement with Germany’s Diehl Defence. The agreement, worth {{INRConvert|10000|c|lk=on|year=2025}}, for the local production of Vulcano 155 mm precision-guided artillery shell. The Vulcano offers longer range and higher precision than standard artillery shells with GPS and laser guidance. Reliance Defence will serve as the prime contractor, leading the manufacturing efforts, while Diehl Defence will supply the core technology and provide system-level expertise. The shells are to be produced at a new greenfield manufacturing facility in Watad Industrial Area of Ratnagiri, Maharashtra.{{Cite news |date=2025-06-10 |title=Reliance and Diehl forge ₹10,000 crore defence pact to manufacture Vulcano precision ammunition in India |url=https://economictimes.indiatimes.com/news/defence/reliance-and-diehl-forge-10000-crore-defence-pact-to-manufacture-vulcano-precision-ammunition-in-india/articleshow/121755809.cms |access-date=2025-06-19 |work=The Economic Times |issn=0013-0389}}{{Cite web |date=2025-06-10 |title=Reliance Infra eyeing revenue worth ₹10,000 cr after contract with Germany’s Diehl |url=https://www.financialexpress.com/business/industry-reliance-infra-eyeing-revenue-worth-10000-cr-after-contract-with-germanys-diehl-3875049/ |access-date=2025-06-19 |website=The Financial Express |language=en}}

On 18 June 2025, it was announced during the Paris Air Show that Dassault Aviation of France will manufacture Dassault Falcon 2000LXS business jet in Indian in partnership with Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL). The joint venture, Dassault Reliance Aerospace Ltd (DRAL) would become the first Center of Excellence (CoE) for Falcon series, including Falcon 6X and Falcon 8X programs out of France. The agreement will be followed by transferring the full fuselage and wing assembly operations and major facility upgrades of the DRAL facility at MIHAN at Nagpur airport, Maharashtra. The first flight of first Indian Falcon 2000 is expected by 2028. The facility was established in 2017, operations began later that year with the setting up of a state-of-the-art manufacturing facility at MIHAN, the first Falcon 2000 front section was delivered in 2019. By 2025, 100 major components are sourced from the facility.{{Cite web |date=2025-06-19 |title=Dassault Aviation Partners with Reliance Group to manufacture Falcon 2000 Business Jets in India for Global Market - Press kits |url=https://www.dassault-aviation.com/en/group/press/press-kits/dassault-aviation-partners-with-reliance-group-to-manufacture-falcon-2000-business-jets-in-india-for-global-market/ |access-date=2025-06-19 |website=Dassault Aviation, a major player to aeronautics |language=en-US}}{{Cite news |last=Chandra |first=Jagriti |date=2025-06-18 |title=Dassault-Reliance announce final assembly line in Nagpur for manufacturing Falcon 2000 |url=https://www.thehindu.com/business/reliance-infra-partners-dassault-to-make-falcon-business-jets-in-india/article69708825.ece |access-date=2025-06-19 |work=The Hindu |language=en-IN |issn=0971-751X}}

The number of shares of RIL are approx. 644.51 crore (6.44 billion).{{Cite web|url=https://www.nseindia.com/companies-listing/corporate-filings-shareholding-pattern?symbol=RELIANCE&tabIndex=equity%20company-facts/relianceindustries/shareholding-pattern/RI#RI|title=Reliance Industries >> Shareholding Pattern - March 2017|website=www.nseindia.com|access-date=20 July 2017|archive-url=https://web.archive.org/web/20170720233943/https://www.nseindia.com//company-facts/relianceindustries/shareholding-pattern/RI#RI|archive-date=20 July 2017|url-status=live}} The promoter group, the Ambani family, holds 50.39% of the total shares whereas the remaining 49.61% shares are held by public shareholders, including FII and corporate bodies. Life Insurance Corporation of India, public sector company, is the largest non-promoter investor in the company, with 6.49% shareholding.{{Cite web |title=Reliance Industries shareholdings: Find Reliance Industries Shareholding Pattern and Ownership |url=https://www.livemint.com/reliance-industries/share-holdings/companyid-S0003018 |access-date=2023-09-02 |website=www.livemint.com |language=en |archive-date=2 September 2023 |archive-url=https://web.archive.org/web/20230902142347/https://www.livemint.com/reliance-industries/share-holdings/companyid-S0003018 |url-status=live }}

In January 2012, the company announced a buyback program to buy a maximum of 12 crore (120 million) shares for {{INRConvert|10400|c|year=2012|mode=historical}}. By the end of January 2013, the company had bought back 4.62 crore (46.2 million) shares for {{INRConvert|3366|c|year=2013|mode=historical}}.{{cite news |url=http://www.indianexpress.com/news/reliance-industries-buyback-beyond-face-value/1061132/ |title=Reliance Industries buyback: Beyond face value |newspaper=The Indian Express |date=18 January 2013 |access-date=24 August 2013 |archive-date=28 March 2020 |archive-url=https://web.archive.org/web/20200328001104/http://www.indianexpress.com/news/reliance-industries-buyback-beyond-face-value/1061132/ |url-status=live }}

The company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. The Global Depository Receipts (GDRs) issued by the company are listed on London Stock Exchange.{{cite web |url=http://ril.com/html/investor/investor_handbook.html |title=Investors' Handbook |website=Ril.com |access-date=15 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130817072259/http://www.ril.com/html/investor/investor_handbook.html |archive-date=17 August 2013 }}{{cite news |url=http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanylisting/companyid-13215.cms |title=Reliance Industries Ltd. – Listing |newspaper=The Economic Times |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20131007163106/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanylisting/companyid-13215.cms |archive-date=7 October 2013 |url-status=live }} It has issued approx. 5.6 crore (56 million) GDRs wherein each GDR is equivalent to two equity shares of the company. Approximately 3.46% of its total shares are listed on Luxembourg Stock Exchange.{{Primary source inline|date=April 2023}}

Its debt securities are listed at the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Limited (NSE).{{cite web |url=http://www.ril.com/html/investor/listing_info.html |title=Listing Information |website=RIL.com |access-date=26 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130526060409/http://www.ril.com/html/investor/listing_info.html |archive-date=26 May 2013 }}{{Primary source inline|date=April 2023}}

It has received domestic credit ratings of AAA from CRISIL (S&P subsidiary) and Fitch. Moody's and S&P have provided investment grade ratings for international debt of the company, as Baa2 positive outlook (local currency issuer rating) and BBB+ outlook respectively.{{cite web |url=http://www.ril.com/html/investor/credit_rating.html |title=Credit Ratings |website=RIL.com |access-date=26 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130721224147/http://www.ril.com/html/investor/credit_rating.html |archive-date=21 July 2013 }}{{Primary source inline|date=April 2023}}{{cite news |url=http://in.reuters.com/article/reliance-rating-standardandpoors-idINDEE94S07620130529 |title=S&P raises credit rating on RIL to 'BBB+' |agency=Reuters India |date=29 May 2013 |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20140228142135/http://in.reuters.com/article/2013/05/29/reliance-rating-standardandpoors-idINDEE94S07620130529 |archive-date=28 February 2014 |url-status=dead }}{{cite web |url=https://www.moodys.com/research/Moodys-assigns-definitive-Baa2-rating-to-Reliances-USD-senior-unsecured--PR_265162 |title=Rating Action: Moody's assigns definitive Baa2 rating to Reliance's USD senior unsecured perpetual notes |publisher=Moody's |date=31 January 2013 |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20150403093423/https://www.moodys.com/research/Moodys-assigns-definitive-Baa2-rating-to-Reliances-USD-senior-unsecured--PR_265162 |archive-date=3 April 2015 |url-status=live }}

On 28 December 2017, RIL announced that it will be acquiring the wireless assets of Anil Ambani-led Reliance Communications for about ₹23,000 crores.{{cite web|url=http://www.thehindubusinessline.com/info-tech/reliance-jio-to-acquire-mobile-business-assets-of-reliance-communications/article10004680.ece|title='White knight' Mukesh's RJio to buy RCom's wireless assets|website=Business Line|date=28 December 2017|access-date=26 August 2018|archive-date=1 March 2024|archive-url=https://web.archive.org/web/20240301083103/https://www.thehindubusinessline.com/info-tech/white-knight-mukeshs-rjio-to-buy-rcoms-wireless-assets/article64279381.ece|url-status=live}}

The company's petrochemical, refining, and oil and gas-related operations form the core of its business; other divisions of the company include cloth, retail, telecommunications, and special economic zone (SEZ) development.

In July 2012, RIL informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop and manufacture equipment and components, including aircraft, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles, and aerostats.{{cite news |url=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/ril-lines-up-close-to-1-billion-plan-in-aerospace-sector-may-hire-around-1500-people/articleshow/15214083.cms |title=RIL lines up close to $1 billion plan in aerospace sector, may hire around 1,500 people |date=28 July 2012 |work=The Times of India |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20120729022446/http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/ril-lines-up-close-to-1-billion-plan-in-aerospace-sector-may-hire-around-1500-people/articleshow/15214083.cms |archive-date=29 July 2012 |url-status=live }}

In July 2024, Reliance Industries was granted the approval by United States to resume importing oil from Venezuela.{{Cite news |title=India's Reliance gets US nod to import oil from Venezuela, source says |url=https://www.reuters.com/business/energy/indias-reliance-gets-us-approval-import-oil-venezuela-source-say-2024-07-24/ |access-date=24 July 2024 |work=Reuters}}

The company had more than 200 subsidiary companies and more than 15 associate companies as of 2024.{{Cite web |title=Reliance Industries Limited : List of subsidiaries |url=https://www.indiaratings.co.in/Uploads/Others/Consolidated%20Subs/RIL_List%20of%20Subsidiaries.pdf |access-date=24 July 2024 |website=India Ratings}}{{Cite web |date=31 March 2023 |title=Major Subsidiaries & Associates |url=https://www.ril.com/investors/subsidiaries-associates/major-subsidiaries-associates-list |access-date=21 April 2024}} In fiscal year 2024, the company generated 65% of its sales in India and 35% outside India.

{{main|Jio Platforms}}

Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL. It has a valuation of more than {{currency|100|USD}} billion on expert view as of October 2022. It is the result of a corporate restructuring announced in October 2019, resulting in all the digital initiatives and the telecommunication assets being housed under this new subsidiary.{{Cite web|title=RIL's new digital unit christened Jio Platforms Ltd|url=https://www.thehindubusinessline.com/info-tech/rils-new-digital-unit-christened-jio-platforms-ltd/article30113511.ece|access-date=5 May 2020|website=@businessline|date=29 November 2019|language=en|archive-date=3 February 2021|archive-url=https://web.archive.org/web/20210203193956/https://www.thehindubusinessline.com/info-tech/rils-new-digital-unit-christened-jio-platforms-ltd/article30113511.ece|url-status=live}} This new subsidiary holds all the digital business assets including Reliance Jio Infocomm Ltd, which in turn holds the Jio connectivity business - mobile, broadband and enterprise, and also the other digital assets (Jio Apps, Tech backbone and Investments in other tech entities like Haptic, Hathway and Den Networks among others).{{Cite web|last=Pathak|first=Kalpana|date=26 October 2019|title=Rejig of group structure at RIL paves way for Jio stake sale|url=https://www.livemint.com/industry/telecom/what-creating-a-digital-subsidiary-means-for-ril-and-reliance-jio-11572077695318.html|access-date=5 May 2020|website=Livemint|language=en|archive-date=1 December 2019|archive-url=https://web.archive.org/web/20191201030555/https://www.livemint.com/industry/telecom/what-creating-a-digital-subsidiary-means-for-ril-and-reliance-jio-11572077695318.html|url-status=live}} In April 2020, RIL announced a strategic investment of {{INRconvert|43574|c|year=2020|mode=historical}} by Facebook into Jio Platforms. This investment translated into a 9.99% equity stake, on a fully diluted basis.{{cite press release|author=|title=Facebook to Invest ₹ 43,574 Crore in JIO Platforms for a 9.99% Stake. Largest FDI for Minority Investment in India. Partnership to Create Opportunities for eople and Businesses|url=https://www.ril.com/getattachment/f8f5c090-6286-42f0-96e5-db05b1ded9f4/FACEBOOK-TO-INVEST-%E2%82%B9-43,574-CRORE-IN-JIO-PLATFORMS.aspx|location=Mumbai|agency=Reliance Industries Limited|access-date=5 May 2020|archive-date=24 April 2020|archive-url=https://web.archive.org/web/20200424162944/https://www.ril.com/getattachment/f8f5c090-6286-42f0-96e5-db05b1ded9f4/FACEBOOK-TO-INVEST-%E2%82%B9-43,574-CRORE-IN-JIO-PLATFORMS.aspx|url-status=dead}}{{Primary source inline|date=April 2023}} Further in May 2020, RIL sold roughly 1.15% stake in Jio Platforms for {{INRconvert|5656|c|year=2020|mode=historical}} to the American private equity investor, Silver Lake Partners.{{Cite web|date=5 May 2020|title=Reliance sells 1.15% stake in Jio Platforms to PE firm for Rs 5,656 crore|url=https://www.hindustantimes.com/business-news/reliance-sells-1-15-stake-in-jio-platforms-to-pe-firm-for-rs-5-656-crore/story-cYjPN3orTj3zidGwahqu0K.html|access-date=5 May 2020|website=Hindustan Times|language=en|archive-date=5 May 2020|archive-url=https://web.archive.org/web/20200505104908/https://www.hindustantimes.com/business-news/reliance-sells-1-15-stake-in-jio-platforms-to-pe-firm-for-rs-5-656-crore/story-cYjPN3orTj3zidGwahqu0K.html|url-status=live}} Intel became the 12th company to invest in Reliance Jio platforms after it invested ₹1,894.50 crore ($250 million), the total investments in Jio platforms is ₹117,588.45 crore so far.{{Cite news|last=Mishra|first=Lalatendu|date=3 July 2020|title=Intel Capital to buy 0.39% stake in Jio Platforms for ₹1,894 crore|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/intel-capital-invests-189450-crore-in-jio-platforms/article31976973.ece|access-date=8 July 2020|issn=0971-751X|archive-date=4 July 2020|archive-url=https://web.archive.org/web/20200704022847/https://www.thehindu.com/business/Industry/intel-capital-invests-189450-crore-in-jio-platforms/article31976973.ece|url-status=live}} On 16 July 2020, Google announced that it will acquire a 7.7% stake in Jio Platforms for {{INRConvert|33737|c|year=2016|mode=historical}}.{{Cite news|title=Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/internet/google-to-invest-rs-33737-crore-for-a-7-7-stake-in-jio-platforms/articleshow/76977018.cms|access-date=16 July 2020|archive-date=17 January 2021|archive-url=https://web.archive.org/web/20210117151147/https://economictimes.indiatimes.com/tech/internet/google-to-invest-rs-33737-crore-for-a-7-7-stake-in-jio-platforms/articleshow/76977018.cms|url-status=live}} Mukesh Ambani has named his son, Akash Mukesh Ambani as the chairperson of Jio in 2022.{{Cite web |last=Haraito |first=Gloria |title=Mukesh Ambani Flags Off Succession, Anointing Son Akash Ambani Chairman Of Reliance Jio Infocomm |url=https://www.forbes.com/sites/gloriaharaito/2022/06/29/mukesh-ambani-flags-off-succession-anointing-son-akash-ambani-chairman-of-reliance-jio-infocomm/ |access-date=2022-10-10 |website=Forbes |language=en |archive-date=10 October 2022 |archive-url=https://web.archive.org/web/20221010120145/https://www.forbes.com/sites/gloriaharaito/2022/06/29/mukesh-ambani-flags-off-succession-anointing-son-akash-ambani-chairman-of-reliance-jio-infocomm/ |url-status=live }}

{{main|Reliance Retail}}

Reliance Retail is the retail business wing of the Reliance Industries. In March 2013, it had 1466 stores in India.{{cite web |url=http://www.ril.com/rportal1/DownloadLibUploads/1366124344231_Q4FPR16042013R1.pdf |title=Financial Presentation of 2012–13 Q4 Results |website=RIL.com |date=16 April 2013 |access-date=27 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20150403120435/http://www.ril.com/rportal1/DownloadLibUploads/1366124344231_Q4FPR16042013R1.pdf |archive-date=3 April 2015 }}{{Primary source inline|date=April 2023}} It is the largest retailer in India.{{cite news |url=http://www.business-standard.com/article/companies/ambani-becomes-india-s-top-retailer-as-biyani-slips-post-demerger-113081600179_1.html |newspaper=Business Standard |title=Ambani tops retailer list, too |date=17 August 2013 |access-date=19 August 2013 |archive-url=https://web.archive.org/web/20140110133523/http://www.business-standard.com/article/companies/ambani-becomes-india-s-top-retailer-as-biyani-slips-post-demerger-113081600179_1.html |archive-date=10 January 2014 |url-status=live }} Many brands like Reliance Fresh, Reliance Footprint, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trends, Reliance Autozone, Reliance Super, Reliance Mart, Reliance iStore, Reliance Home Kitchens, Reliance Market (Cash n Carry) and Reliance Jewel come under the Reliance Retail brand. Its annual revenue for the financial year 2012–13 was {{INRConvert|108|b}} with an EBITDA of {{INRConvert|780|m}}. Its market value is more than $60 billion.{{cite web |date=8 May 2013 |title=Annual Report 2012-13 |url=http://ril.com/rportal1/DownloadLibUploads/1368015904301_AR08052013.pdf |url-status=dead |archive-url=https://web.archive.org/web/20131016015400/http://ril.com/rportal1/DownloadLibUploads/1368015904301_AR08052013.pdf |archive-date=16 October 2013 |website=RIL.com}}{{Primary source inline|date=April 2023}}{{cite news |url=http://www.business-standard.com/article/companies/few-ril-retail-arms-still-making-losses-113050900901_1.html |title=Few RIL retail arms still making losses |newspaper=Business Standard |date=11 May 2013 |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20140626165326/http://www.business-standard.com/article/companies/few-ril-retail-arms-still-making-losses-113050900901_1.html |archive-date=26 June 2014 |url-status=live }} Mukesh Ambani stepped down from the position of chairperson of Reliance Retail and handed over the job to his daughter Isha Ambani Piramal.{{Cite web |last=Sanjai |first=P. R. |date=2022-06-29 |title=Mukesh Ambani's daughter Isha Ambani to be named chair of Reliance retail |url=https://theprint.in/economy/mukesh-ambanis-daughter-isha-ambani-to-be-named-chair-of-reliance-retail/1016803/ |access-date=2022-10-10 |website=ThePrint |language=en-US |archive-date=10 October 2022 |archive-url=https://web.archive.org/web/20221010120151/https://theprint.in/economy/mukesh-ambanis-daughter-isha-ambani-to-be-named-chair-of-reliance-retail/1016803/ |url-status=live }} Ambani announced it during the 45th Reliance AGM, in 2022. As per reports, this act is a part of Ambani's leadership transition.{{Cite web |title=Reliance in process of momentous leadership transition, says Mukesh Ambani |url=https://www.indiatoday.in/business/story/reliance-industries-leadership-transition-future-mukesh-ambani-1893666-2021-12-29 |access-date=2022-10-10 |website=India Today |date=29 December 2021 |language=en |archive-date=10 October 2022 |archive-url=https://web.archive.org/web/20221010120145/https://www.indiatoday.in/business/story/reliance-industries-leadership-transition-future-mukesh-ambani-1893666-2021-12-29 |url-status=live }}

{{main|Reliance Industrial Infrastructure}}

Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL. It was incorporated in September 1988 as Chembur Patalganga Pipelines Limited, with the main objective being to build and operate cross-country pipelines for transporting petroleum products. The company's name was subsequently changed to CPPL Limited in September 1992, and thereafter to its present name, Reliance Industrial Infrastructure Limited, in March 1994.{{cite web |title=Company History |url=https://www.ril.com/about/our-history/company-facts/relianceindustrialinfrastructure/history/RII|access-date=22 August 2013 |archive-url=https://web.archive.org/web/20140428154250/Company-facts/relianceindustrialinfrastructure/history/RII |archive-date=28 April 2014 |url-status=live |last1=Com }} RIIL is mainly engaged in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.{{cite web |url=http://www.riil.in |website=RIIL.in |title=About us |access-date=18 August 2013 |archive-url=https://web.archive.org/web/20091228171136/http://www.riil.in/ |archive-date=28 December 2009 |url-status=live }}{{Primary source inline|date=April 2023}}

{{main|Network18 Group}}

Between 2011 and 2014, Reliance acquired majority stake in Network18 Group. Through Network18, Reliance owns multiple news channels including CNN-News18 and News18 India.{{Cite web |last=Bhula |first=Pooja |date=19 July 2023 |title=Who Owns Your Media: Network18's journey from a production house to a broadcast behemoth |url=https://www.newslaundry.com/2023/07/19/who-owns-your-media-network18s-journey-from-a-production-house-to-a-broadcast-behemoth |website=Newslaundry}}

Network 18 is a mass media company. It has interests in television, digital platforms, publication, mobile apps and films. It also operates two joint ventures, namely Viacom18 and History TV18 with Viacom and A+E Networks respectively. It has also acquired a partial part of ETV Network and since renamed its channels under the Colors TV brand.{{Citation needed|date=April 2023}}

• Reliance Global Corporate Security is a private security company founded in 17 August 1998. It provides enterprise wide security to assets of Reliance Industries. It is composed of former member of the military and paramilitary forces, law enforcement agencies, intelligence services as well as technical experts from other industries.{{Cite news |date=2016-02-19 |title=Former Indian military personnel to guard Reliance Industries' assets |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/Former-Indian-military-personnel-to-guard-Reliance-Industries%E2%80%99-assets/article60248743.ece |access-date=2023-03-29 |issn=0971-751X |archive-date=4 April 2023 |archive-url=https://web.archive.org/web/20230404151307/https://www.thehindu.com/business/Former-Indian-military-personnel-to-guard-Reliance-Industries%E2%80%99-assets/article60248743.ece |url-status=live }}{{Citation | website=Defence Guru India | title=About Reliance Global Corporate Security | url=https://www.defenceguru.co.in/description.php?srno=388/gcs-recruitment-security-executives-officer | access-date=30 March 2023 | archive-date=30 March 2023 | archive-url=https://web.archive.org/web/20230330154625/https://www.defenceguru.co.in/description.php?srno=388/gcs-recruitment-security-executives-officer | url-status=live }}
• Reliance Life Sciences works around medical, plant and industrial biotechnology opportunities. It specialises in manufacturing, branding, and marketing Reliance Industries' products in bio-pharmaceuticals, pharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology sectors of the medical business industry.{{cite news |date=30 September 2012 |title=Changing its DNA |newspaper=Business Today |url=http://businesstoday.intoday.in/story/reliance-life-sciences-future-projects/1/187980.html |url-status=live |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20121201101151/http://businesstoday.intoday.in/story/reliance-life-sciences-future-projects/1/187980.html |archive-date=1 December 2012}}
• Embibe a Bengaluru-based EdTech start-up raised funding of ₹89.91 crores from RIL in February 2020. Over three years, Reliance Industries had invested around $180 million in the start-up. A part of it was towards acquiring a stake of 72.69% from Embibe's existing investors. In December 2019, Embibe, under the proprietary name (Individual Learning Private Limited), announced that it picked up equity shares in Bengaluru-based K12 startup Funtoot (eDreams Edusoft). The deal was capped at ₹71.64 crores in cash, which holds 90.5% of the equity share capital of Funtoot. In February 2020, it acquired the rival platform OnlineTyari.{{Cite news |title=Reliance Industries: RIL-backed firm Embibe gets 91% stake in Funtoot |work=The Economic Times |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ril-backed-firm-embibe-gets-91-stake-in-funtoot/articleshow/72862304.cms |access-date=2021-04-24 |archive-date=24 April 2021 |archive-url=https://web.archive.org/web/20210424192656/https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ril-backed-firm-embibe-gets-91-stake-in-funtoot/articleshow/72862304.cms |url-status=live }}{{Cite web |title=Mukesh Ambani doubles his bet on edtech – Reliance Industries invests ₹500 crore in startup Embibe |url=https://www.businessinsider.in/business/startups/news/mukesh-ambani-doubles-his-bet-on-edtech-reliance-industries-invests-500-crore-in-startup-embibe/articleshow/75009229.cms |access-date=2021-04-24 |website=Business Insider |archive-date=24 April 2021 |archive-url=https://web.archive.org/web/20210424192657/https://www.businessinsider.in/business/startups/news/mukesh-ambani-doubles-his-bet-on-edtech-reliance-industries-invests-500-crore-in-startup-embibe/articleshow/75009229.cms |url-status=live }}
• Reliance Logistics is a single-window{{clarify|date=June 2020}} company selling transportation, distribution, warehousing, logistics, and supply chain-related products.{{cite web |title=Company Overview of Reliance Logistics Private Limited |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37472326 |url-status=dead |archive-url=https://archive.today/20130628201458/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37472326 |archive-date=28 June 2013 |access-date=27 August 2013 |work=Bloomberg BusinessWeek}}{{cite web |title=About us, Reliance Logistics |url=http://www.reliancelogistics.com/html/aboutus/aboutus.html |url-status=dead |archive-url=https://web.archive.org/web/20101121073034/http://www.reliancelogistics.com/html/aboutus/aboutus.html |archive-date=21 November 2010 |access-date=18 August 2013 |website=Reliancelogistics.com}}{{Primary source inline|date=April 2023}}{{cite news |date=25 September 2007 |title=Reliance in deal with CONCOR for logistics venture |url=http://www.hindustantimes.com/business-news/CorporateNews/Reliance-in-deal-with-CONCOR-for-logistics-venture/Article1-249539.aspx |url-status=dead |access-date=27 August 2013 |archive-url=https://archive.today/20130827105115/http://www.hindustantimes.com/business-news/CorporateNews/Reliance-in-deal-with-CONCOR-for-logistics-venture/Article1-249539.aspx |archive-date=27 August 2013}} Reliance Logistics is an asset based company with its own fleet and infrastructure.{{cite web |title=Reliance Logistics Ltd |url=http://www.supplychainleaders.com/provider/reliance-logistics-ltd/800/ |url-status=live |archive-url=https://web.archive.org/web/20140228134927/http://www.supplychainleaders.com/provider/reliance-logistics-ltd/800/ |archive-date=28 February 2014 |access-date=27 August 2013 |website=Supplychainleaders.com}} It provides logistics services to Reliance group companies and outsiders.{{cite web |date=31 March 2009 |title=Reliance set to combine two logistics arms |url=http://www.mydigitalfc.com/news/reliance-set-combine-two-logistics-arms-648 |url-status=live |archive-url=https://web.archive.org/web/20160130072624/http://www.mydigitalfc.com/news/reliance-set-combine-two-logistics-arms-648 |archive-date=30 January 2016 |access-date=27 August 2013 |work=Financial Chronicle}}
• Reliance Solar, the solar energy subsidiary of Reliance, was established to produce and retail solar energy systems primarily to remote and rural areas. It offers a range of products based on solar energy: solar lanterns, home lighting systems, street lighting systems, water purification systems, refrigeration systems and solar air conditioners.{{cite web |title=About us, Reliance Solar |url=http://relsolar.com/aboutus.html |url-status=dead |archive-url=https://web.archive.org/web/20130911212431/http://www.relsolar.com/aboutus.html |archive-date=11 September 2013 |access-date=18 August 2013 |website=Relsolar.com}}{{Primary source inline|date=April 2023}} In 2022 RIL AGM, Mukesh Ambani specified that his youngest son Anant Ambani will take over the new energy business.{{Cite web |date=2022-08-29 |title=Mukesh Ambani's youngest son Anant to lead new energy sector at Reliance |url=https://www.hindustantimes.com/business/mukesh-ambani-s-youngest-son-anant-to-lead-new-energy-sector-at-reliance-101661773865074.html |access-date=2022-10-10 |website=Hindustan Times |language=en |archive-date=10 October 2022 |archive-url=https://web.archive.org/web/20221010120150/https://www.hindustantimes.com/business/mukesh-ambani-s-youngest-son-anant-to-lead-new-energy-sector-at-reliance-101661773865074.html |url-status=live }}
• Reliance Eros Productions LLP, joint venture with Eros International to produce film content in India.{{Cite web |date=20 February 2018 |title=Mukesh Ambani's Reliance Industries Takes Stake in Eros International |url=https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/ |url-status=live |archive-url=https://web.archive.org/web/20181104045950/https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/amp/ |archive-date=4 November 2018 |access-date=3 November 2018}}
• Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of RIL which provides financial services. The Company owns securities of companies other than banks, as well as offers investment services.{{Cite web|title=Reliance Industrial Investments & Holdings Ltd - Company Profile and News|url=https://www.bloomberg.com/profile/company/587677Z:IN|access-date=2021-04-24|website=Bloomberg.com|language=en|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424192655/https://www.bloomberg.com/profile/company/587677Z:IN|url-status=live}} RIIHL bought majority stakes in two companies - logistics firm Grab A Grub Services Private Limited and software company C-Square Info Solutions - for over ₹146 crores in March 2019. RIIHL also sponsored the Tower Investment trust (InvITs) for the acquisition of 49% equity in RJio's tower assets for ₹25,215 crores by the Canadian asset management firm Brookfield Infrastructure Partners.{{Cite web|last=Kurup|first=Rajesh|title=RJio gets approval for Brookfield deal from DoT, SEBI|url=https://www.thehindubusinessline.com/info-tech/rjio-gets-approval-for-brookfield-deal-from-dot-sebi/article32468215.ece|access-date=2021-04-24|website=@businessline|date=28 August 2020|language=en|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424192655/https://www.thehindubusinessline.com/info-tech/rjio-gets-approval-for-brookfield-deal-from-dot-sebi/article32468215.ece|url-status=live}} On 22 April 2021, RIIHL acquired the entire issued share capital of Stoke Park Ltd, company that owns and manages sporting and leisure facilities in Stoke Poges, Buckinghamshire for £57 million.{{Cite news|last=Barman|first=Arijit|title=Mukesh Ambani buys Britain's iconic country club Stoke Park for 57 million pounds|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/mukesh-ambani-buys-britains-iconic-country-club-stoke-park-for-57-million-pounds/articleshow/82210759.cms|access-date=2021-04-24|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424192657/https://economictimes.indiatimes.com/news/company/corporate-trends/mukesh-ambani-buys-britains-iconic-country-club-stoke-park-for-57-million-pounds/articleshow/82210759.cms|url-status=live}}
• Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of RIL bought a 51.78% stake in robotics and AI firm Asteria Aerospace for ₹23.12 crore and an 85% stake in NowFloats Technologies for ₹141.63 crores in Dec 2019.{{Cite web|title=RIL to continue acquisition spree in 2021|url=https://www.thehindubusinessline.com/companies/ril-to-continue-acquisition-spree-in-2021/article34011163.ece|access-date=2021-04-24|website=@businessline|date=7 March 2021|language=en|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424192657/https://www.thehindubusinessline.com/companies/ril-to-continue-acquisition-spree-in-2021/article34011163.ece|url-status=live}} It also holds 18.83% in EIH Limited, the flagship company of The Oberoi Group, one of the largest luxury hotel chains in India. In November 2019, RSBVL invested an undisclosed amount in SkyTran Inc. for 12.7%, increased it further to 26.3% by April 2020. In February 2021, RIL became the majority stakeholder with 54.46% with an additional investment of $26.76 million.{{Cite web|last=www.ETEnergyworld.com|title=Reliance Industries acquires majority equity stake in skyTran Inc - ET EnergyWorld|url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-acquires-majority-equity-stake-in-skytran-inc/81265381|access-date=2021-04-24|website=ETEnergyworld.com|language=en|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424192657/https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-acquires-majority-equity-stake-in-skytran-inc/81265381|url-status=live}}
• Reliance Sibur is a joint venture between Reliance Industries and Silbur in the business of making synthetic rubber.{{Cite web|url=https://www.reliancesibur.com/|title=Reliance Sibur|website=www.reliancesibur.com|access-date=1 March 2024|archive-date=10 December 2023|archive-url=https://web.archive.org/web/20231210065817/https://reliancesibur.com/|url-status=live}}{{Primary source inline|date=April 2023}}
• Relicord is a cord blood banking service owned by Reliance Life Sciences. It was established in 2002.{{cite web |url=http://www.relicord.com/ |title=About us, Relicord |website=Relicord.com |access-date=18 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130812161720/http://www.relicord.com/ |archive-date=12 August 2013 }}{{Primary source inline|date=April 2023}} It has been inspected and accredited by AABB,{{cite web |url=https://www.aabb.org/sa/facilities/celltherapy/Pages/CordBloodAccrFac.aspx |website=AABB.org |title=AABB Accredited Cord Blood (CB) Facilities |access-date=18 August 2013 |archive-url=https://web.archive.org/web/20140502053116/http://www.aabb.org/sa/facilities/celltherapy/Pages/CordBloodAccrFac.aspx |archive-date=2 May 2014 |url-status=live }} and also has been accorded a licence by Food and Drug Administration (FDA), Government of India.
• Reliance Institute of Life Sciences (RILS), established by Dhirubhai Ambani Foundation, is an institution offering higher education in various fields of life sciences and related technologies.{{cite web |url=http://www.rils.ac.in/ |title=Welcome to Reliance Institute of Life Sciences |access-date=18 August 2013 |website=RILS.com |url-status=dead |archive-url=https://web.archive.org/web/20130808002944/http://www.rils.ac.in/ |archive-date=8 August 2013 }}{{Primary source inline|date=April 2023}}{{cite web |url=http://www.minglebox.com/college/Reliance-Institute-of-Life-Sciences-Navi-Mumbai |title=Reliance Institute of Life Sciences |website=Minglebox.com |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20140819201507/http://www.minglebox.com/college/Reliance-Institute-of-Life-Sciences-Navi-Mumbai |archive-date=19 August 2014 |url-status=live }}
• Reliance Clinical Research Services (RCRS), a contract research organisation (CRO) and wholly owned subsidiary of Reliance Life Sciences, specialises in the clinical research services industry. Its clients are primarily pharmaceutical, biotechnology and medical device companies.{{cite web |url=http://www.rellife.com/rcrs_home.html |title=Clinical Research Services (CRS) group of Reliance Life Sciences |website=RelLife.com |access-date=18 August 2013 |archive-url=https://web.archive.org/web/20131020232522/http://www.rellife.com/rcrs_home.html |archive-date=20 October 2013 |url-status=live }}{{Primary source inline|date=April 2023}}
• LYF, a 4G-enabled VoLTE device brand from Reliance Retail.{{Cite web | url = https://www.mylyf.com/about | title = LYF Smartphones - Its All About Your Lifestyle | website = MyLYF | access-date = 1 March 2016 | archive-url = https://web.archive.org/web/20160306101046/https://www.mylyf.com/about | archive-date = 6 March 2016| url-status = live}}
• Indiawin Sports Pvt. Ltd. is a 100% subsidiary that owns the Mumbai Indians men's and women's professional T20 franchise cricket teams, playing in the IPL and WPL respectively. Besides, they also own various teams across different leagues globally such as the MI Cape Town, MI Emirates, MI New York teams in the SA20, ILT20 and the MLC leagues respectively.

In March 2017, Reliance Industries Ltd (RIL) completed the sale process of its 76% equity stake in Mauritius-based oil retailer Gulf Africa Petroleum Corp (GAPCO) to Total Marketing & Services, a subsidiary of the French oil and gas firm Total SE.{{Cite web|date=2017-03-29|title=Reliance Industries Ltd sells its 76% stake in Gulf Africa Petroleum to Total|url=https://www.financialexpress.com/industry/reliance-industries-ltd-sells-its-76-stake-in-gulf-africa-petroleum-to-total/607516/|access-date=2021-04-24|website=The Financial Express|language=en-US|archive-date=24 April 2021|archive-url=https://web.archive.org/web/20210424193415/https://www.financialexpress.com/industry/reliance-industries-ltd-sells-its-76-stake-in-gulf-africa-petroleum-to-total/607516/|url-status=live}}

The East West Pipeline has been acquired by India Infrastructure Trust, which is owned by Brookfield Asset Management for a consideration of {{currency|13000|INR}} crore.{{Cite news|last=Market|first=Capital|date=2019-03-15|title=Brookfield sponsored India Infrastructure Trust to acquire East-West Pipeline for Rs. 13,000 cr|work=Business Standard India|url=https://www.business-standard.com/article/news-cm/brookfield-sponsored-india-infrastructure-trust-to-acquire-east-west-pipeline-for-rs-13-000-cr-119031500208_1.html|access-date=2021-03-10|archive-date=25 July 2023|archive-url=https://web.archive.org/web/20230725210859/https://www.business-standard.com/article/news-cm/brookfield-sponsored-india-infrastructure-trust-to-acquire-east-west-pipeline-for-rs-13-000-cr-119031500208_1.html|url-status=live}}

The company has attracted controversy for reports of political corruption, cronyism, fraud, financial manipulation, and exploitation of its customers, Indian citizens, and natural resources.{{Cite web |last=Outlook Web Desk |date=2022-01-29 |title=A History Of Controversies |url=https://www.outlookindia.com/business/a-history-of-controversies-news-200497 |url-status=live |archive-url=https://web.archive.org/web/20230428145257/https://www.outlookindia.com/magazine/story/a-history-of-controversies/200497 |archive-date=2023-04-28 |access-date=2024-03-20 |website=Outlook India |language=en}} The chairman of Reliance Industries, Mukesh Ambani, has been described as a plutocrat.{{cite news | url=https://www.economist.com/business/2023/04/03/meet-asias-millennial-plutocrats | title=Meet Asia's millennial plutocrats | newspaper=The Economist | access-date=24 July 2023 | archive-date=23 July 2023 | archive-url=https://web.archive.org/web/20230723215142/https://www.economist.com/business/2023/04/03/meet-asias-millennial-plutocrats | url-status=live }}

In May 2014, ONGC moved to Delhi High Court accusing RIL of pilferage of 18 billion cubic metres of gas from its gas-producing block in the Krishna Godavari basin.{{cite web|title=Independent panel to probe discrepancies in Krishna-Godavari Basin|url=http://www.hindustantimes.com/business-news/ongc-moves-delhi-high-court-alleges-gas-pilferage-by-reliance/article1-1219656.aspx|website=Hindustan Times|access-date=30 May 2014|archive-url=https://web.archive.org/web/20140531201220/http://www.hindustantimes.com/business-news/ongc-moves-delhi-high-court-alleges-gas-pilferage-by-reliance/article1-1219656.aspx|archive-date=31 May 2014|url-status=live}} Subsequently, the two companies agreed to form an independent expert panel to probe any pilferage.{{cite web|title=Independent panel to probe discrepancies in Krishna-Godavari Basin|url=http://news.biharprabha.com/2014/05/independent-panel-to-probe-discrepancies-in-krishna-godavari-basin/|website=News.biharprabha.com|access-date=30 May 2014|archive-url=https://web.archive.org/web/20140531090222/http://news.biharprabha.com/2014/05/independent-panel-to-probe-discrepancies-in-krishna-godavari-basin/|archive-date=31 May 2014|url-status=live}}

Seminar magazine (2003) detailed Reliance founder Dhirubhai Ambani's proximity to politicians, his enmity with Bombay Dyeing's Nusli Wadia, the exposes by the Indian Express and Arun Shourie about illegal imports by the company and overseas share transactions by shell companies, and the botched attempt to acquire Larsen & Toubro.{{Cite web |url=http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm |title=521 Raranjoy Guha Thakurta, the two faces of Dhirubhai Ambani |access-date=15 April 2018 |archive-url=https://web.archive.org/web/20180110123817/http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm |archive-date=10 January 2018 |url-status=dead }}

As early as 1996, Outlook magazine addressed other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned Unit Trust of India. Five main allegations concerning Reliance, which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were:

• Reliance issued fake shares.
• It switched shares sent for transfer by buyers to make illegal profits.
• It indulged in insider trading in shares.
• It established a nexus with the Unit Trust of India to raise huge sums of money to the detriment of UTI subscribers.
• It attempted to monopolize the private telecom services market through front companies.

The Central Bureau of Investigation (CBI) filed a charge sheet in a Mumbai court against Reliance Industries Limited (RIL) and four retired employees of National Insurance Company Limited (NICL), including a former CMD, under provisions of the Prevention of Corruption Act for criminal conspiracy and other charges. Acting on a reference from CVC in March 2005, the CBI started probing the conspiracy that led to the filing of the charge sheet on 9 December 2011. The 2005 complaint had alleged irregularities in the issuance of insurance policies — for coverage of default payments — by NICL to RIL. The charge sheet also mentioned criminal offenses with dishonest intention and causing wrongful loss totaling ₹147.41 crores to NICL and wrongful gain to the private telecom provider.

Two retired senior officials of National Insurance Company Limited and 11 others were awarded varying jail terms by a Delhi court in Jan 2014.{{cite news|url=http://www.business-standard.com/article/pti-stories/nicl-scam-13-sentenced-to-jail-114012401087_1.html|title=NICL scam: 13 sentenced to jail|agency=Press Trust of India|date=24 January 2014|access-date=26 August 2018|newspaper=Business Standard|archive-url=https://web.archive.org/web/20180617215918/https://www.business-standard.com/article/pti-stories/nicl-scam-13-sentenced-to-jail-114012401087_1.html|archive-date=17 June 2018|url-status=live}}

A business jet owned by Reliance Industries (RIL) was grounded by The Directorate General of Civil Aviation (DGCA) on 22 March 2014 during a surprise inspection, for carrying expired safety equipment on board; its pilot was also suspended for flying without a license.Reliance Industries#cite note-80

Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC). However, the entire block was declared as a discovery area and RIL was allowed to retain it. In 2011, the Comptroller and Auditor General of India (CAG) criticized the Oil Ministry for this decision. The CAG also faulted RIL for limiting the competition in contracts, stating that RIL awarded a $1.1 billion contract to Aker on a single-bid basis.{{cite web|url=http://www.financialexpress.com/news/Reliance-violated-contract-terms-in-KG-Basin--finds-CAG-report/843940|title=Reliance violated contract terms in KG Basin, finds CAG report|website=The Financial Express|date=9 September 2011 |access-date=26 August 2018|archive-url=https://web.archive.org/web/20141031160402/http://www.financialexpress.com/news/Reliance-violated-contract-terms-in-KG-Basin--finds-CAG-report/843940|archive-date=31 October 2014|url-status=live}}

A PIL filed in the Supreme Court by an NGO Centre for Public Interest Litigation, through Prashant Bhushan, challenged the grant of a pan-India license to RJIL by the Government of India. The PIL alleged that RJIL was allowed to provide voice telephony along with its 4G data service, by paying an additional fee of just INR 16,580 million (US$280 million) which was arbitrary and unreasonable and contributed to a loss of INR 228,420 million (US$3.8 billion) to the exchequer.{{cite web|url=http://www.thehindubusinessline.com/companies/petition-against-4g-licence-to-reliance-jio-apex-court-seeks-centres-reply/article5993872.ece#comments|title=Petition against 4G licence to Reliance Jio: Apex court seeks Centre's reply|website=Business Line|date=9 May 2014 |access-date=26 August 2018|archive-url=https://web.archive.org/web/20140511093057/http://www.thehindubusinessline.com/companies/petition-against-4g-licence-to-reliance-jio-apex-court-seeks-centres-reply/article5993872.ece#comments|archive-date=11 May 2014|url-status=live}}{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-reliance-jio-goes-for-the-kill/20140117.htm#1|title=Reliance Jio goes for the kill|work=Rediff.com|access-date=26 August 2018|archive-url=https://web.archive.org/web/20180928123359/http://www.rediff.com/business/slide-show/slide-show-1-reliance-jio-goes-for-the-kill/20140117.htm#1|archive-date=28 September 2018|url-status=live}}

The CAG in its draft report alleged rigging of the auction mechanism, whereby an unknown ISP, Infotech Broadband Services Pvt Ltd, acquired the spectrum by bidding 5000 times its net worth, after which the company was sold to Reliance Industries.{{Cite web |url=http://articles.economictimes.indiatimes.com/2014-07-01/news/51002815_1_bwa-reliance-jio-infocomm-reliance-industries-unit |title=DoT refutes CAG's charges of favouring Reliance Jio by allowing it to convert its ISP permit into a unified license - Economic Times |access-date=4 July 2014 |archive-url=https://web.archive.org/web/20140707140052/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002815_1_bwa-reliance-jio-infocomm-reliance-industries-unit |archive-date=7 July 2014 |url-status=dead }}

In February 2022, Reliance terminated the leases of hundreds of Future Retail locations, the next largest retail chain in India, and took possession of those brick-and-mortar shops. Future Retail had a deal to sell its assets to Reliance, but that deal was contested by Amazon.com, which in 2019 acquired a stake in a subunit of Future Retail along with certain rights with respect to the transfer of the retailer's assets. Reliance's possessions came after rounds of legal wrangling, including a 2020 arbitration in Singapore and an antitrust review by the Competition Commission of India.{{cite news |title=Too bad for Amazon, Mukesh Ambani's Reliance has seized the future of retail in India |url=https://theprint.in/opinion/too-bad-for-amazon-mukesh-ambanis-reliance-has-seized-the-future-of-retail-in-india/875443/ |work=ThePrint |date=16 March 2022 |access-date=27 March 2022 |archive-date=27 March 2022 |archive-url=https://web.archive.org/web/20220327070240/https://theprint.in/opinion/too-bad-for-amazon-mukesh-ambanis-reliance-has-seized-the-future-of-retail-in-india/875443/ |url-status=live }}{{cite news |last1=Roy |first1=Abhirup |last2=Kalra |first2=Aditya |title=Explainer: Amazon's battle with Reliance for India retail supremacy |url=https://www.reuters.com/world/india/amazons-battle-with-reliance-india-retail-supremacy-2022-03-08/ |work=Reuters |date=16 March 2022 |language=en |access-date=27 March 2022 |archive-date=27 March 2022 |archive-url=https://web.archive.org/web/20220327070243/https://www.reuters.com/world/india/amazons-battle-with-reliance-india-retail-supremacy-2022-03-08/ |url-status=live }}{{cite news |title='Shops gone': How RIL stunned Amazon in battle for Future Retail |url=https://indianexpress.com/article/business/companies/shops-gone-how-ril-stunned-amazon-in-battle-for-future-retail-7804155/ |work=The Indian Express |date=7 March 2022 |language=en |access-date=27 March 2022 |archive-date=27 March 2022 |archive-url=https://web.archive.org/web/20220327070240/https://indianexpress.com/article/business/companies/shops-gone-how-ril-stunned-amazon-in-battle-for-future-retail-7804155/ |url-status=live }}{{cite news |last1=Kalra |first1=Aditya |last2=Roy |first2=Abhirup |title=After talks with India's Future fail, Amazon goes on the attack in newspaper ads |url=https://www.reuters.com/world/india/amazon-accuses-indias-future-reliance-fraud-newspaper-ads-2022-03-15/ |work=Reuters |date=15 March 2022 |language=en |access-date=27 March 2022 |archive-date=27 March 2022 |archive-url=https://web.archive.org/web/20220327070244/https://www.reuters.com/world/india/amazon-accuses-indias-future-reliance-fraud-newspaper-ads-2022-03-15/ |url-status=live }}

For manipulating shares of Reliance Petroleum Limited (RPL), Reliance Industries was fined Rs. 950 crore (about 447 crore in retracted gains and 500 crore in interest) in 2007.{{Cite web|url=https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007|title=SEBI fines Reliance Industries, Mukesh Ambani Rs 40 crore for 'manipulative trades' in 2007|author=Scroll Staff|website=Scroll.in|date=2 January 2021|access-date=29 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129083618/https://scroll.in/latest/982968/sebi-fines-reliance-industries-mukesh-ambani-rs-40-crore-for-manipulative-trades-in-2007|url-status=live}} In April 2006, RPL went public as a Reliance subsidiary at a price of Rs. 60 per share. The market crashed by 30% after it floated at roughly Rs. 100, and RPL was back at 60. In accordance with Securities and Exchange Board of India directive, RIL carried out an organised operation with the help of its agents in order to obtain unauthorised profits from the trading of its formerly listed unit, RPL, which was combined with the former in 2009.{{Cite news|url=https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece|title=Reliance Petroleum case | SEBI fines Reliance Industries, Mukesh Ambani, two other entities|newspaper=The Hindu|date=1 January 2021|via=www.thehindu.com|access-date=29 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055419/https://www.thehindu.com/business/Industry/sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-in-rpl-case/article33474227.ece|url-status=live}}{{Cite web|url=https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html|title=RPL case: Sebi slaps fine on Reliance, Ambani|first=Kalpana|last=Pathak|date=1 January 2021|website=mint|access-date=29 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055419/https://www.livemint.com/companies/news/rpl-case-sebi-fines-reliance-industries-mukesh-ambani-two-other-entities-11609514042845.html|url-status=live}}{{Cite web|url=https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms|title=SEBI imposes penalty on Mukesh Ambani and Reliance Industries for manipulative trading|website=Business Insider|access-date=29 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129055411/https://www.businessinsider.in/business/news/sebi-imposes-penalty-on-mukesh-ambani-and-reliance-industries-for-manipulative-trading/articleshow/80071715.cms|url-status=live}}{{Cite news|url=https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY|title=India's Reliance Industries and chairman fined over share trades|newspaper=Reuters|date=1 January 2021|via=www.reuters.com|access-date=29 January 2023|archive-date=29 January 2023|archive-url=https://web.archive.org/web/20230129060541/https://www.reuters.com/article/india-reliance-penalty-idUSKBN2962DY|url-status=live}}{{Cite news|url=https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban|title=Reliance Industries Falls After Manipulation Charge, Trading Ban|newspaper=Bloomberg|date=27 March 2017|via=www.bloomberg.com|access-date=29 January 2023|archive-date=30 March 2017|archive-url=https://web.archive.org/web/20170330012055/https://www.bloomberg.com/news/articles/2017-03-27/reliance-industries-falls-after-manipulation-charge-trading-ban|url-status=live}}

Reliance Industries has faced criticism for maintaining business relations with Russia despite international sanctions imposed following Russia’s invasion of Ukraine in 2022. The company has engaged in energy deals with Russian oil giant Rosneft, raising concerns about its alignment with global efforts to reduce economic ties with Russia. Reliance has been listed on *Leave Russia*, a platform tracking companies still active in the Russian market, further intensifying scrutiny over its role in facilitating Russian energy exports.{{Cite web |title=Reliance-Rosneft Russia-India Energy Alliance |url=https://gfmag.com/capital-raising-corporate-finance/reliance-rosneft-russia-india-energy-alliance/ |access-date=2025-01-29 |website=Global Finance|date=26 December 2024 }}{{Cite web |title=Reliance |url=http://leave-russia.org/reliance |access-date=2025-01-29 |website=Leave Russia}}

The Ambani family holds around 45% of the shares in RIL.{{cite web |url=http://www.rediff.com/money/2004/nov/18ril.htm |title=Mukesh Ambani admits to differences with Anil |work=Rediff.com |date=18 November 2004 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20130805092559/http://www.rediff.com/money/2004/nov/18ril.htm |archive-date=5 August 2013 |url-status=live }} Since its inception, the company was managed by its founder and chairman Dhirubhai Ambani. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani in 2002, the management of the company was taken up by both the brothers. In November 2004, Mukesh Ambani, in an interview, admitted to having differences with his brother Anil over 'ownership issues'.{{cite news |url=http://indiatoday.intoday.in/story/mukesh-anil-ambani-ownership-battle-threatens-reliance-group-future/1/195070.html |title=Ambani vs Ambani |newspaper=India Today |date=6 December 2004 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131019053540/http://indiatoday.intoday.in/story/mukesh-anil-ambani-ownership-battle-threatens-reliance-group-future/1/195070.html |archive-date=19 October 2013 |url-status=live }} He also said that the differences "are in the private domain". The share prices {{Cite web|url=https://www.ndtv.com/business/reliance-industries-limited-rights-entitlement-share-price-ril-re-drops-6-after-stellar-debut-2232488|title=Reliance Industries Rights Issue Gains 15% A Day After Stellar Debut|website=NDTV.com|date=21 May 2020|access-date=1 March 2024|archive-date=4 June 2023|archive-url=https://web.archive.org/web/20230604122653/https://www.ndtv.com/business/reliance-industries-limited-rights-entitlement-share-price-ril-re-drops-6-after-stellar-debut-2232488|url-status=live}} of RIL were impacted by some margin when this news broke out. In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into two parts.{{cite web |url=http://archives.digitaltoday.in/indiatoday/20050704/cover.html |title=Cover Story: Ambani Settlement |work=India Today |date=4 July 2005 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131018013551/http://archives.digitaltoday.in/indiatoday/20050704/cover.html |archive-date=18 October 2013 |url-status=live }} In October 2005, the split of Reliance Group was formalised. Mukesh Ambani got Reliance Industries and IPCL. Younger brother Anil Ambani received telecom, power, entertainment, and financial services business of the group. The Anil Dhirubhai Ambani Group includes Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970 |title=Reliance Industries: Milestones of an oil giant |website=NDTV.com |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131002041757/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970 |archive-date=2 October 2013 |url-status=live }}{{cite web |url=http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c3f7d039-35d6-4f0c-994a-8e5f9bda7859 |title=Corporate Announcement – Reliance Industries hands over control of Four Demerged Companies to ADAG |website=Bseindia.com/ |date=8 February 2006 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131019150928/http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c3f7d039-35d6-4f0c-994a-8e5f9bda7859 |archive-date=19 October 2013 |url-status=live }}

The division of Reliance group business between the two brothers also resulted in de-merger of 4 businesses from RIL.{{cite web |url=http://www.rediff.com/money/2006/jan/17spec.htm |title=Reliance demerger: What should you do? |work=Rediff.com |date=17 January 2006 |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20131019064909/http://www.rediff.com/money/2006/jan/17spec.htm |archive-date=19 October 2013 |url-status=live }}{{cite news |url=http://www.business-standard.com/article/companies/ril-pens-demerger-buyout-cost-106011701130_1.html |title=RIL pens demerger buyout cost |newspaper=Business Standard |date=17 January 2006 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131021081405/http://www.business-standard.com/article/companies/ril-pens-demerger-buyout-cost-106011701130_1.html |archive-date=21 October 2013 |url-status=live }} These businesses immediately became part of Anil Dhirubhai Ambani Group. The existing shareholders in RIL, both the promoter group and non-promoters, received shares in the de-merged companies.

• International Refiner of the year in 2017 at Global Refining and Petrochemicals Congress 2017 {{cite web|url=http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/|title=Reliance Industries AGM full text|date=21 July 2017 |access-date=21 July 2017|archive-url=https://web.archive.org/web/20170806222049/http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/|archive-date=6 August 2017|url-status=live}}
• International Refiner of the Year in 2013 at the HART Energy's 27th World Refining & Fuel Conference. This is the second time that RIL has received this Award for its Jamnagar Refinery, the first being in 2005.{{cite news |url=http://articles.economictimes.indiatimes.com/2013-03-22/news/37936849_1_jamnagar-refinery-ril-refinery-and-petrochemical-complex |title=RIL bags Refiner of the Year Award |newspaper=The Economic Times |date=22 March 2013 |access-date=20 August 2013 |archive-url=https://web.archive.org/web/20140301140316/http://articles.economictimes.indiatimes.com/2013-03-22/news/37936849_1_jamnagar-refinery-ril-refinery-and-petrochemical-complex |archive-date=1 March 2014 |url-status=dead }}
• The Brand Trust Report ranked Reliance Industries as the 7th most trusted brand in India in 2013 and 9th in 2014.{{Cite web|url =http://www.trustadvisory.info/allindia_2014.html|title =India's Most Trusted Brands 2014|url-status =dead|archive-url =https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html|archive-date =2 May 2015|df =dmy-all}}{{cite web|url=http://www.financialexpress.com/news/tata-reliance-mahindra-mahindra-3-mumbai-brands-among-India-s-10-most-trusted-but-delhi-flexes-muscles-too/1223001|title=Tata, Reliance, Mahindra & Mahindra, 3 Mumbai brands among Indias 10 Most Trusted, but Delhi flexes muscles too|website=The Financial Express|date=4 February 2014 |access-date=26 August 2018}}
• RIL was certified as 'Responsible Care Company' by the American Chemistry Council in March 2012.{{cite news | url=http://articles.economictimes.indiatimes.com/2012-03-04/news/31121456_1_reliance-industries-petrochemical-business-ril | title=Reliance Industries Ltd gets certified as a 'Responsible Care' under American Chemistry Council | work=The Economic Times | date=4 March 2012 | access-date=22 August 2013 | archive-url=https://web.archive.org/web/20140301140439/http://articles.economictimes.indiatimes.com/2012-03-04/news/31121456_1_reliance-industries-petrochemical-business-ril | archive-date=1 March 2014 | url-status=dead }}
• RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top 100 Chemicals Companies list in 2012.{{cite web |title=Top 100 Chemical Companies 2012 |url=http://www.icis.com/contact/request-free-top-100-chemical-companies-2012/ |website=ICIS.com |date=10 September 2012 |access-date=22 August 2013 |archive-url=https://web.archive.org/web/20140615071326/http://www.icis.com/contact/request-free-top-100-chemical-companies-2012/ |archive-date=15 June 2014 |url-status=live }}
• RIL was awarded the National Golden Peacock Award 2011 for its contribution in the field of corporate sustainability.{{cite web |title=Award for Sustainability(GPAS) |url=http://www.goldenpeacockawards.com/award-for-sustainability.html |website=Goldenpeacockawards.com |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140228045327/http://www.goldenpeacockawards.com/award-for-sustainability.html |archive-date=28 February 2014 |url-status=live }}
• In 2009, Boston Consulting Group (BCG) named Reliance Industries as the world's fifth biggest 'sustainable value creator' in a list of 25 top companies globally in terms of investor returns over a decade.{{cite news |url=http://articles.economictimes.indiatimes.com/2009-10-14/news/27645356_1_value-creators-value-creation-gilead-sciences |title=RIL named among 25 sustainable value creators globally: BCG |newspaper=The Economic Times |date=14 October 2009 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140301140050/http://articles.economictimes.indiatimes.com/2009-10-14/news/27645356_1_value-creators-value-creation-gilead-sciences |archive-date=1 March 2014 |url-status=dead }}
• The company was selected as one of the world's 100 best managed companies for the year 2000 by IndustryWeek magazine.{{cite news | url=http://www.rediff.com/us/2000/aug/29us.htm | title=RIL among world's 100 best-managed cos | work=Rediff.com | date=29 August 2000 | access-date=25 August 2013 | archive-url=https://web.archive.org/web/20121018133217/http://www.rediff.com/us/2000/aug/29us.htm | archive-date=18 October 2012 | url-status=live }}
• From 1994 to 1997, the company won National Energy Conservation Award in the petrochemical sector.

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{{Reflist|30em}}

{{refbegin}}

• {{cite book|title=Essay: The Metamorphosis of Reliance Industries|author=Suryawanshi, K.|publisher=kalpesh suryawanshi}}
• {{cite book| title=GAS WARS: Crony Capitalism and the Ambanis|author=Thakurta, P.G. and Ghosh, S. and Chaudhuri, J.|isbn=978-8-1928-5513-4|year=2014|publisher=Paranjoy Guha Thakurta }}
• {{cite book|title=The Polyester Prince|author=McDonald, H.|isbn=978-1-8644-8468-7|year=1998|publisher=Allen & Unwin }}
• {{cite book|title=The Changing Face of Corruption in the Asia Pacific: Current Perspectives and Future Challenges| author=Rowley, C. and Rama, M.|isbn=978-0-0810-1230-7|lccn=2016961152|year=2017|publisher=Elsevier Science }}
• {{cite book|title=Storms in the Sea Wind: Ambani vs Ambani|author=Srinivas, A.|isbn=978-9-3519-4079-1|year=2005|publisher=Roli Books }}
• {{cite book|title=Crony Capitalism in India: Establishing Robust Counteractive Institutional Frameworks|author=Khatri, N. and Ojha, A.|isbn=978-1-1375-8287-4|year=2017|publisher=Palgrave Macmillan}}

{{refend}}

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