Feb 07, 2017 01:05 AM
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Mukesh Dhirubani Ambani is an Indian business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited, a Fortune Global 500 company and India's second most valuable company by market value. He holds a 44.7% stake in the company. RIL deals mainly in refining, petrochemicals, and in oil and gas sector. Reliance Retails Ltd., another subsidiary, is the largest retailer in India.
Reliance Industries Limited is an Indian conglomerate holding company headquartered in Mumbai, Maharashtra, India. Reliance is third most profitable company in India, the second largest publicly traded company in India by market capitalization, and the second largest company in India as measured by revenue after the government controlled Indian oil Corporation. The company is ranked 215th on the Fortune Global 500 list of the world's biggest corporation as of 2016. RIL contributes approximately 20% of India total exports. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016.
The company petrochemicals, refining, and oil and gas related operations form the core of its business; other divisions of the company include cloth, retail business, telecommunication and special economic zone development. In 2012-13, it earned 76% of its revenue from Refining, 19% from Petrochemicals, 2% from Oil and Gas and 3% from other segments. Reliance Jio Infocomm Limited previously known as Infotel Broadband, is a broadband service provider which gained 4G license for operating across India. LYF, a 4G enabled VoLTE device brand from Reliance Retail.
According to survey conducted by Brand Finance in 2013, Reliance is the second most valuable brand in India. The Brand Trust Report ranked Reliance Industries as the 7th most trusted brand in India in 2013 and 9th in 2014.
