About Reliance Industries Ltd

Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. OIL-TO-CHEMICALS SEGMENT (~57% of revenues) Under the segment, the company primarily refines crude oil to manufacture/ extract transportation fuels, polymers and elastomers, intermediates and polyesters. It has plants and manufacturing assets located across India in Jamnagar, Hazira, Dahej, Nagothane, Vadodara and others. It has a crude refining capacity of 1.4 million barrels per day. It also has the largest single site refinery complex globally. [2] It had a total throughput of ~77 million metric tonnes in FY22 out of which ~89% was meant for sale. RETAIL SEGMENT (~23% of revenues) The company is the largest retailer in India with various store concepts selling consumer electronics, fashion & lifestyle, groceries, pharma and connectivity. It operates ~15,200 retail stores and has a customer base of ~19 crore customers.[4] Its store brands include Reliance fresh, digital, smart, Hamleys, Jio Outlets, netmeds, resQ, etc. It also operates various digital commerce platforms including JioMart, milkbasket, Reliance Digital, Ajio, zivame, urban ladder, netmeds and others.[5] Some of its acquisitions under the segment include Justdial, 7-Eleven, milkbasket, Manish Malhotra, Clovia, Dunzo, etc. Expansion - Reliance Retail undertook significant expansion in FY22 adding on avg. 7 stores every day and crossed the milestone of 15,000 stores. DIGITAL SERVICES BUSINESS (Jio) (~11% of revenues) Jio Digital is India's largest digital services platform with a total subscriber base of ~41 crore subscribers[7] and a market share of 36% in India. It offers wireless connectivity, home broadband and enterprise and SMB broadband under its digital connectivity business.[8] It carried ~10% of the global mobile data traffic in 2021.