Reliance Group: Difference between revisions

Reliance Anil Dhirubhai Ambani Group (Anil Dhirubhai Ambani Ventures Ltd)
Company type	Private
Industry	Conglomerate
Predecessor	Reliance Commercial Corporation
Founded	June 19, 1966; 58 years ago
Founder	Dhirubhai Ambani
Headquarters	Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India
Key people	Anil Ambani ; (Chairman)
Products	Telecom, financial services, construction, entertainment, Power, health care, aviation, Defence
Revenue	US$15.4 billion (2012)[citation needed]
Operating income	US$2 billion (2012)[citation needed]
Net income	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; Mumbai Metro; Reliance MediaWorks
Website	relianceadagroup.com

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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 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?].

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]}

Major acquisitions

Metro Cinema acquired by Big Entertainment c.2005

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.

External links

Official website

Template:Major Indian companies

[1] "Reliance ADAG – Reliance Anil dmsumra 7Dhirubhai Ambani Group India – Reliance ADA Group Profile". Iloveindia.com. 21 July 2007. Retrieved 14 August 2010.

[2] "Mukesh to double enterprise value to US$160 bn: Rediff.com Business". Business.rediff.com. 18 June 2010. Retrieved 14 August 2010.

[3] "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)

[4] "Reliance Power, Shanghai Electric ink $8.3 bln deal". in.reuters.com. Reuters. 28 October 2010. Retrieved 28 July 2016.

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@@ Line 9: / Line 9: @@
 | industry         = [[Conglomerate (company)|Conglomerate]]
 | predecessor      = Reliance Commercial Corporation
-| founded          = {{start date and age|1966}}
+| founded          = {{start date and age|1966|6|19}}
 | founder          = [[Dhirubhai Ambani]]
 | location_city    = [[Dhirubhai Ambani Knowledge City]], [[Navi Mumbai]], [[Maharashtra]]