Reliance Group

Reliance Anil Dhirubhai Ambani Group (Anil Dhirubhai Ambani Ventures Ltd)
Private
Industry Conglomerate
Predecessor Reliance Commercial Corporation
Founded 1966 (1966)
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, Defences
Revenue Increase US$15.4 billion (2012)
Increase US$2 billion (2012)
Increase US$3.5 billion (2012)
Total assets Increase US$43.6 billion (2016) "'" (PDF).
Number of employees
 120,000 (2012)
Subsidiaries Reliance Power
Reliance Communications
Reliance Infrastructure
Reliance Capital
Reliance Entertainment
Reliance Health
Reliance MediaWorks
Website relianceadagroup.com

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$12 billion) and net assets worth ₹1,800 billion (US$25 billion). The Reliance Group operates in over 20,000 towns and 450,000 villages in India, and abroad.

Reliance Group has four listed companies. Reliance Power, Reliance Communications, Reliance Infrastructure, and Reliance Capital, with a shareholder base of over 12 million. 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 the first Indian company to earn carbon credits, 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, 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. On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.[5] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation.[6] The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.

The brand ambassador of Reliance is Anushka Sharma for Reliance Communication, Abhishek Bachchan and Sonu Nigam for Big 92.7 FM. Virender Sehwag was formerly the brand ambassador for Reliance Communication, then known as Reliance Infocom.

Subsidiaries
Turbofans , Gas Turbines , JV with AI Progres Motor Sich

Major acquisitions

Date
May 2000BSESReliance Power
Oct 2003FLAG Telecom, 207Mn$Reliance Globalcom
July 2005Metro Adlabs (51% stake), 74Mn$Reliance Entertainment
Apr 2008Lowry Digital USA, 7.5Mn$Reliance Big Entertainment
May 2008VancoReliance Globalcom
Apr 2010Codemasters UK (50% stake)Zapak
Sept 2011Bloomberg UTV (66% stake)Reliance Capital
Mar 2015Pipavav ShipyardReliance Infrastructure
Oct 2015MTS IndiaReliance Communication

References

  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.
  4. ↑ "Reliance Power, Shanghai Electric ink $8.3 bln deal". in.reuters.com. Reuters. 28 October 2010. Retrieved 28 July 2016.
  5. ↑ "Reliance-Dassault JV to start output in Q1 of 2018". /timesofindia.indiatimes.com. 28 Oct 2018.
  6. ↑ "ADAG gains at HAL's cost". theindependent.in. 29 Oct 2018.
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