Reliance Industries Limited is a Fortune 500 company and India’s largest private-sector corporation. With the motto “Growth is Life” Reliance Industries is spread across energy, materials, retail, entertainment and digital. Reliance has always believed that what is good for India is good for Reliance. The company is known not only for its fortune but also for its contribution to the Indian economy and community through its foundation and investments. Founded by Dhirubhai Ambani and now led by Mukesh Ambani, this company is indeed a pride holder.
Reliance Industries Net Worth
Reliance Industries has a net worth of 6.6 trillion rupees in the financial year 2023, showcasing significant growth since 2014. Ambani’s strategy of diversification plays a key role in the company’s success. Reliance has its headquarters in Mumbai with an employee strength of 5 million people and growing, with petroleum refining and marketing divisions being the major revenue generators.
Reliance Industries Profit and loss statement
The company’s financial performance has seen tremendous growth. In the fiscal year 2024 the company earned a revenue of 9,14,472 million rupees with a net income of 69,621 million rupees. Periods between 2021 and 2024 the company’s net income and profits have seen massive growth securing a strong market position.
| Fiscal Period | Revenue (Million) | Gross Profit (Million) | Operating Income (Million) | Net Income (Million) | Diluted EPS (Million) |
| 2024 | 914,472 | 315,721 | 111,401.00 | $69,621 | $103 |
| 2023 | 891,311 | 249,037 | 102,478 | $66,702 | $98 |
| 2022 | 717,635 | 196,103 | 82,075 | $60,705 | $88 |
| 2021 | 486,326 | 154,720 | 54,181 | 49,128 | 75.21 |
Total Assets and liabilities of Reliance Industries
Reliance Industries as of March 2024 is worth 210.63 Billion and 99.58 Billion Dollars respectively. These investments help with companies’ net worth and position in the sector.
Total Assets (in USD Billion)
| Year | Total Assets | Change |
| 2024-03-31 | 211 | – |
| 2023-03-31 | 209 | 5.53% |
| 2022-03-31 | 198 | 9.94% |
| 2021-03-31 | 179.89 | 16.34% |
| 2020-03-31 | 154.63 | 7.10% |
Liabilities Details (in USD Billion)
| Year | Total Liabilities | Change |
| 2024-03-31 | 100 | – |
| 2023-03-31 | 95 | 17.87% |
| 2022-03-31 | 81 | 13.36% |
| 2021-03-31 | 71.04 | -23.97% |
| 2020-03-31 | 93.44 | 6.88% |
| 2019-03-31 | 87.42 | 9.61% |
| 2018-03-31 | 79.76 | 15.95% |
| 2017-03-31 | 68.79 | 25.40% |
| 2016-03-31 | 54.85 | 20.75% |
| 2015-03-31 | 45.43 | 18.61% |
| 2014-03-31 | 38.3 | 15.91% |
Reliance Industries Business Acquisitions
The company has a diverse portfolio of 34 acquisitions in SaaS, Enterprise Tech and Deep Tech sectors. These acquisitions total over 2.52 billion dollars, significantly contributing to the company’s net worth. Some important acquisitions include Creative Portico, Den Networks and NEWJ, building a footprint in the global and Indian sectors respectively. Some recent acquisitions by Reliance Industries such as Shubhalakshmi Polyesters and SenseHawk show us the company’s constant efforts to invest in emerging technologies.
| Sr No | Company Name | Bought At | Current Business |
| 1 | Creative Portico | India | Enterprise Tech |
| 2 | DEN Networks | India | Deep Tech |
| 3 | NEWJ | India | SaaS |
| 4 | John Players | US | Not Specified |
| 5 | Sintex Industries | India | Not Specified |
| 6 | Shubhalakshmi Polyesters | India | Not Specified |
| 7 | SenseHawk | US | Not Specified |
| 8 | Campa Cola | India | Not Specified |
Reliance Industries Comparison with Competitors
Reliance with its foothold in various industries and sectors, has its set of competitors like Google’s Jio Play, Dmart and Byju’s.
Reliance O2C and Competitors
- ONGC, IOCL and BPCL
- Government-owned rivals keep Reliance on foot for creativity and innovation
Reliance Jio and Competitors
- The competition Jio faces in the telecom industry are players like Airtel, Vodafone Idea and BSNL. While BSNL and Vodafone Idea are losing their fan base, Airtel is standing out by improving its service quality
Reliance Retail and Competitors
- While Reliance has dominance in the retail sector, it has some competitors like Dmart, Amazon & Flipkart in the online and offline divisions.
Marketing strategies adopted by Reliance to fight competition include leveraging IPL through Reliance Jio with sustenance campaigns like “Jio Dhan Dhana Dhan”. Integration of free delivery services in Jio Mart and outsourcing local kirana stores to make delivery more convenient and easy.
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