RELIANCE

INDUSTRY
Reliance Industries Limited (RIL) is an Indian
multinational conglomerate company headquartered
in Mumbai, India. Reliance owns businesses across India
engaged in energy, petrochemicals, textiles, natural
resources, retail, and telecommunications. Reliance is
one of the most profitable companies in India, the
largest publicly traded company in India by market
capitalisation, and the largest company in India as
measured by revenue after recently surpassing the
government-controlled Indian Oil Corporation. On 10
September 2020, Reliance Industries became the first
Indian company to cross $200 billion in market
capitalisation.
The company is ranked 96th on the Fortune Global 500
list of the world's biggest corporations as of 2020. It is
ranked 8th among the Top 250 Global Energy
Companies by Platts as of 2016. Reliance continues to
be India's largest exporter, accounting for 8% of India's
total merchandise exports with a value of ₹1,47,755
crore and access to markets in 108 countries. Reliance is
responsible for almost 5% of the government of India's
total revenues from customs and excise duty. It is also
the highest income tax payer in the private sector in
India.
SERVICE SECTORS:
Jio Platforms Limited:
Essentially a technology company, is a majority-owned
subsidiary of RIL. It is the result of a corporate
restructuring announced in October 2019, resulting in
all the digital initiatives and the telecommunication
assets being housed under this new subsidiary. This
new subsidiary holds all the digital business assets
including Reliance Jio Infocomm Ltd, which in turn
holds the Jio connectivity business - Mobile, broadband
and enterprise and also the other digital assets.
Reliance Retail is the retail business wing of the
Reliance Industries. In March 2013, it had 1466 stores in
India. It is the largest retailer in India. Many brands like
Reliance Fresh, Reliance Footprint, Reliance Time Out,
Reliance Digital, Reliance Wellness, Reliance Trends,
Reliance Autozone, Reliance Super, Reliance Mart,
Reliance iStore, Reliance Home Kitchens, Reliance
Market (Cash n Carry) and Reliance Jewel come under
the Reliance Retail brand. Its annual revenue for the
financial year 2012–13 was ₹108 billion (US$1.5 billion)
with an EBITDA of ₹780 million (US$11 million).
Reliance Life Sciences works around medical,
plant and industrial biotechnology opportunities.
It specialises in manufacturing, branding, and
marketing Reliance Industries' products in
bio-pharmaceuticals, pharmaceuticals, clinical
research services, regenerative medicine,
molecular medicine, novel therapeutics, biofuels,
plant biotechnology, and industrial biotechnology
sectors of the medical business industry.
Reliance Logistics is a single-window[clarification
needed] company selling transportation,
distribution, warehousing, logistics, and supply
chain-related products. Reliance Logistics is an
asset based company with its own fleet and
infrastructure. It provides logistics services to
Reliance group companies and outsiders.
Reliance Solar, the solar energy subsidiary of
Reliance, was established to produce and retail
solar energy systems primarily to remote and rural
areas. It offers a range of products based on solar
energy: solar lanterns, home lighting systems,
street lighting systems, water purification
systems, refrigeration systems and solar air
conditioners.
Reliance Industrial Infrastructure Limited (RIIL) is an
associate company of RIL. RIL holds 45.43% of total
shares of RIIL. It was incorporated in September 1988 as
Chembur Patalganga Pipelines Limited, with the main
objective being to build and operate cross-country
pipelines for transporting petroleum products. The
company's name was subsequently changed to CPPL
Limited in September 1992, and thereafter to its present
name, Reliance Industrial Infrastructure Limited, in
March 1994. RIIL is mainly engaged in the business of
setting up and operating industrial infrastructure.
Mukesh Ambani-led Reliance Industries Ltd's
deal-making spree hasn't ended yet. After selling
stake in Jio Platforms to global tech giants and
other big investors, he's now eyeing multiple
takeovers in tech and consumer business space.
Reliance Industry is currently looking at
investment in at least six different companies.
Mukesh Ambani-led Reliance Industries Ltd's
deal-making spree hasn't ended yet. After selling
stake in Jio Platforms to global tech giants and
other big investors, he's now eyeing multiple
takeovers in tech and consumer business space.
Reliance Industry is currently looking at
investment in at least six different companies.
Let's take a look at the list of companies RIL is in
talks with for investment or future takeover.
FUTURE RETAIL:
RIL is in late-stage talks with Kishore Biyani-led Future
Group to buy a controlling stake in its retail business,
according to reports. The companies have supposedly
reached a common accord regarding certain terms and
conditions and a deal is likely to be announced soon. RIL
might acquire Kishore Biyani-controlled Future Group's
retail business for Rs 24,000-27,000 crore. RIL will also
absorb Future Group's partnerships with foreign brands
and retailers. The deal will make RIL the number one
player in brick-and-mortar space in India across categories
such as fashion, groceries, and merchandise.
TikTok

Amid controversy around Chinese social media giant

TikTok, its owner ByteDance is in early-stage talks with
Mukesh Ambani's Reliance Industries Ltd to financially
back its India business. Both the companies started
discussions in July but the final decision on the deal is
yet to be taken. The popular video-sharing app, along
with 58 other apps, was banned in India on June 29
over national security and data privacy concerns.
Investment in TikTok by India's biggest oil-to-retail
conglomerate could save TikTok in one of its biggest
markets. Before the ban in June, TikTok India had over
200 million subscribers and the company was valued at
$3 billion.

Besides, Ambani is also working on the sale of 49 per

cent stake in Jio-BP fuel retailing business to British oil
giant BP plc for Rs 7,000 crore. He also plans to sell 20
per cent stake in Reliance O2C, the newly-formed
subsidiary, to the world's most profitable company,
Saudi Aramco, for Rs 1.14 lakh crore.
Urban Ladder

In its plan to strengthen the company's presence

in the e-commerce market in India, Mukesh
Ambani's RIL is planning to acquire online
furniture brand Urban Ladder, talks with whom
are at an advanced stage, The Times of India
reported. If the talks move to the final stage, RIL
could peg the deal at around $30 million and
pump in more money to expand its presence in
the online consumer business.
MILKBASKET:

Milkbasket, which earlier held discussions with Amazon

and Bigbasket, is also negotiating its valuation and talks
with RIL are at an advanced stage. Milkbasket deals
with over 9,000 products across different categories,
including fruits, vegetables, FMCG, and dairy, and
operates across Gurugram, Noida, Dwarka, Ghaziabad,
Hyderabad and Bengaluru, serving around 1.30 lakh
households. RIL wants to cash in on the rise in demand
for online grocery amid coronavirus outbreak.
NETMEDS:
Pharmacy is the new battleground for big companies
as they try to cash in on thriving pharma and
tele-medicine space. RIL has been in talks with
Chennai-based start-up Netmeds for around $120
million takeover deal. The bigger aim could be to
consolidate the online pharmacy market that is
dominated by the likes of Practo, 1mg, PharmEasy,
Medlife, among others. This month, Amazon also made
a foray into India's online pharmacy market. The service
has been launched by the e-commerce major in
Bengaluru, and plans to carry out pilots in other cities
as well.
ZIVAME:
RIL's subsidiary Reliance Brands recently bought out
the entire 15 per cent stake of Ronnie Screwvala-owned
Unilazer Ventures in Zivame, which sells many luxury
brands such as Diesel, Jimmy Choo, Tiffany and
Mothercare in India. At present, Zodius is the largest
shareholder in Zivame with about 60 per cent stake.
Malaysian sovereign fund Khazanah Nasional Berhad
owns about 25 per cent. The company is eying bigger
pie in this thriving start-up, founded by Richa Kar in
2011. Zivame has 30-plus retail stores and a presence in
more than 800 partner stores across the country.