Reliance India Limited has given a new identity to India, they have made India a leader in the world in many sectors. Reliance has played the role of leader for other companies in competing with the industries of England. 8 interesting facts related to Reliance Industry which make it special –
Fact no. 1
Only Vimal was the brand of Reliance Textile Industries In 1966, Dhirubhai Ambani’s elder brother Ramnikbhai helped him set up the Reliance Textile Industries mill at Naroda. In return, Dhirubhai Ambani named the fabric after Ramnikbhai’s son, Vimal Ambani, as a way of expressing his gratitude.
Fact no. 2
First Indian company to issue IPO In 1977, Reliance Textile Industries created history by introducing equity culture in India. The company announced its IPO at a time when SEBI was not even formed. The IPO was subscribed 7 times. Eventually, people started believing in Reliance and investing in the company.
Fact no. 3
Reliance has put India on the global refining map Reliance Industries entered the petroleum business in the 1990s. It built the world’s largest oil refinery at Jamnagar with a refining capacity of 12.40 lakh barrels per day. They are huge but with this huge refinery, they also became the cause of pollution around Jamnagar.
Well, Ambani had his own way of fighting it. He built Asia’s largest mango orchard named Dhirubhai Ambani Lakhibagh Amrai. The orchard has about 1.3 lakh trees which are responsible for the growth of about 200 species of mangoes on 600 acres of land. Is it not a man-made miracle?
Fact no. 4
India placed in the Fortune 500 list for the first time In 2004, Reliance emerged as the first and only private Indian organization to make it to the Fortune Global 500 list. It is also the first private sector company to be rated by international credit rating agencies including Moody’s and Standard & Poor’s.
Fact no. 5
Reliance Industries owns the largest TV network in India Network 18 Reliance has a TV network with almost all types of channels. It ranges from news, sports, entertainment and music to history. He also has magazines like Forbes India, Overdrive and Better Photography.
Fact no. 6
Reliance Retail completes Rs 47,000 crore fundraising program in just 2 months Reliance Retail raised Rs 47,265 crore by selling 10.09% stake to investors like Silver Lake Partners, KKR, ADIA and others on Nov 19, 2020.
Fact no. 7
Reliance Jio Infocomm Limited (RJIL) Jio Infocomm Limited (RJIL) is India’s largest telecom and media company. It provides telecommunications, data services and broadcasting to over a billion Indians. Jio was launched on 5 September 2016. It had reached 16 million customers within a month of launch and started a revolution to disrupt data consumption and spark a price war in the hyper-competitive telecom market, ultimately benefiting customers.
Fact no. 8
Highest income tax payer Reliance India Limited is the highest income tax payer in the Indian private sector and Reliance pays about 5% of the total revenue of the Government of India from customs and excise duties. Reliance India Limited earned a revenue of around Rs 6.5 lakh crore.
Reliance is everywhere now you can see! They have provided huge amount of employment, they work hard every day to make the country self-reliant and their employees are the richest people in the world. To become an Ambani, you need to act like this!
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