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'''Reliance Retail Ventures Limited''' is a subsidiary company of [[Reliance Industries|Reliance Industries Limited]]. Founded in 2006, it is the largest retailer in India in terms of revenue. V Subramaniam is the CEO of the Venture. Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. It focuses on consumer goods, consumer [[durable good|durables]], travel services, energy, entertainment and leisure, and health and well-being products, as well as on educational products and services. It had a total of 3,837 stores in April 2018 in India with an area of over 17.7 million square feet across 750 cities, with yearly revenue of over ₹690 billion ($10 bn US).<ref>{{cite web |title=Reliance Retail sales cross $10 bn mark |url=https://economictimes.indiatimes.com/industry/services/retail/reliance-retail-sales-cross-10-bn-mark/articleshow/63948867.cms |website=The Economic Times |accessdate=13 September 2018 |date=28 April 2018}}</ref>
'''Reliance Retail Ventures Limited''' is a subsidiary company of [[Reliance Industries|Reliance Industries Limited]]. Founded in 2006, it is the largest retailer in India in terms of revenue. V Subramaniam is the CEO of the Venture. Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. It focuses on consumer goods, consumer [[durable good|durables]], travel It had a total of 11784 stores in April 2020 in India with an area of over 28.7 million square feet across 7000+ towns and cities, with yearly revenue of over ₹160 billion ($23 bn US).<ref>{{cite web |title=Reliance Retail sales cross $23 bn mark |url=www.ril.com/getattachment |website= https://www.ril.com/ar2019-20/download-center.html |accessdate=11 September 2020 |date=20 July 2020}}</ref>


==Financial position==
==Financial position==

Revision as of 06:03, 11 September 2020

Reliance Retail Ventures Limited
Company typeSubsidiary
IndustryRetail
Founded2006; 19 years ago (2006)
FounderMukesh Ambani
HeadquartersMumbai,
India
Area served
Worldwide
Key people
Mukesh Ambani (Chairman)
RevenueIncrease₹1.3 trillion (US$15 billion) [1]
 (2019)
₹2,322 crore (US$270 million) [2] (2019)
Owner
  • RIL(92.9%)
  • Vanishree Commercials (4.7%)
  • Silver Lake (1.8%)
  • Infotel Infocomm (0.6%)
ParentReliance Industries Limited
Websiterelianceretail.com

Reliance Retail Ventures Limited is a subsidiary company of Reliance Industries Limited. Founded in 2006, it is the largest retailer in India in terms of revenue. V Subramaniam is the CEO of the Venture. Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. It focuses on consumer goods, consumer durables, travel It had a total of 11784 stores in April 2020 in India with an area of over 28.7 million square feet across 7000+ towns and cities, with yearly revenue of over ₹160 billion ($23 bn US).[3]

Financial position

It had a turnover of ₹337 billion in the financial year 2016-17. Reliance Retail has announced revenues of ₹450 billion for the nine months ended December 2017 for financial year 2017-18, showing of over 90% jump from the corresponding previous period. The company also reported a profit of ₹7 billion for the period.[4][5][6]

In September 2020, it was announced that American investment firm Silver Lake was having negotiations to invest over $1 billion in Reliance Retail.[7]

Acquisition

On August 29, 2020, Reliance Retail announced that it is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for ₹24,713 crore (US$3 billion).[8]

Subsidiaries and divisions

There are over 45 subsidiaries and divisions of Reliance Retail.[9] Following is the list of major divisions:

No. Name Note
1 Reliance Fresh Retail outlets of fruits, vegetables and groceries.[10]
2 Reliance Smart Reliance Smart offers a one-stop shopping experience by offering fresh produce, bakery, dairy products, home, and personal care products, general merchandise, fruits, vegetables, and groceries.[11]
3 Reliance Digital Consumer electronics retail stores. It had 689 stores in October 2014.
4 Reliance LYF 4G mobile handset manufacturer based in Mumbai, founded in 2015.
5 Reliance Jewels Jewelry retail; it had revenues of approx. Rs. 8 billion in financial year 2012-13.[12]
6 Reliance Trends, Reliance Footprint, and Reliance Living Apparel and clothing. It had revenues of approx. Rs. 16 billion in financial year 2012-13 with a store count of 287.[12]
7 Reliance Market and Reliance Market Wholesale Cash-n-Carry It had revenues of approx. Rs. 1.6 billion in financial year 2012-13.[12]
8 AJIO E-commerce, fashion shopping website, officially launched at the Lakme Fashion Week SS16.
9 Hamleys The oldest and largest toy shop in the world and one of the world's best-known retailers of toys. Acquired by Reliance in 2019.
10 JioMart JioMart is the e-commerce venture of Reliance Retail that provides grocery delivery from neighbourhood kirana stores. It operates in 200 cities in India and was started as a joint venture between Reliance Retail and Jio Platforms.[13]
11 Shri Kannan Departmental Store Shri Kannan Departmental Store [SKDS] is a retail store chain that sells fruits, vegetables, dairy, staples, home, and personal care, and general merchandise. SKDS operates 29 stores in Coimbatore.[14]
12 Future Group Future Group is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central, etc. The group also has a notable presence in integrated foods and FMCG manufacturing sectors.
13 Netmeds

References

  1. ^ [1] at statista
  2. ^ [2] from ET
  3. ^ [www.ril.com/getattachment "Reliance Retail sales cross $23 bn mark"]. https://www.ril.com/ar2019-20/download-center.html. 20 July 2020. Retrieved 11 September 2020. {{cite web}}: Check |url= value (help); External link in |website= (help)
  4. ^ "Reliance Retail's pre-tax profit jumps 40% in FY17 - ET Retail". ETRetail.com. Retrieved 13 September 2018.
  5. ^ "Reliance Retail's total revenue up by 21.2 percent - ET Retail". ETRetail.com. Retrieved 13 September 2018.
  6. ^ "Reliance retail reports highest ever quarterly turnover of Rs 6,042 crore in Q3". The Economic Times. 2016. Retrieved 13 September 2018.
  7. ^ Raval, Anjli; Fontanella-Khan, James; Parkin, Benjamin (3 September 2020). "Silver Lake in talks to buy $1bn stake in Reliance Retail". Financial Times. Retrieved 3 September 2020.
  8. ^ Deb, Aparna (29 August 2020). "Reliance Retail buys Kishore Biyani's Future retail for Rs 24,713 crore". Times Now.
  9. ^ "Subsidiaries of Reliance Retail Limited". ril.com. Archived from the original on 12 August 2013. Retrieved 27 August 2013.
  10. ^ "Few RIL retail arms still making losses". Business Standard. 11 May 2013. Retrieved 27 August 2013.
  11. ^ {url=ttps://relianceretail.com/reliance-smart.html}
  12. ^ a b c "Reliance Retail's growth trail". The Hindu Businessline. 31 July 2013. Retrieved 19 August 2013.
  13. ^ [3]
  14. ^ [4]
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