Reliance Industries: Difference between revisions

{{Short description|Indian multinational conglomerate}}

| image =  

| image_caption =  

| type = [[public company|Public]]

| ISIN = {{ISIN|sl=n|pl=y|INE002A01018}}

| key_people = [[Mukesh Ambani]]<br />{{small|(Chairman & Managing Director)}}

| industry = [[Conglomerate (company)|Conglomerate]]

| products = {{hlist|[[Petroleum]] |[[Chemical industry|Chemical]]s |[[Petrochemical]]s |[[Oil refinery|Oil refining]] |[[Natural gas]] |[[Retail]] |[[Telecommunications]] |[[Mass Media|Media]] }}  

| revenue = {{Increase}} {{INRConvert|696972|c}}<ref name=RILFY>https://www.ril.com/getattachment/3de565d6-3a54-4243-b40b-02f6a25679c2/AnnualReport_2021-22.aspx</ref>  

| operating_income = {{increase}} {{INRConvert|84142|c}}<ref name=RILFY/>

| net_income = {{increase}} {{INRConvert|60705|c}}<ref name=RILFY/>

| equity = {{increase}} {{INRConvert|888984|c}}<ref name=RILFY/>

| num_employees = 342,982 (2022)<ref name=RILFY/>

*[[Mukesh Ambani]] (49.11%)<ref>{{Cite web|url=https://www.bseindia.com/stock-share-price/reliance-industries-ltd/reliance/500325/shareholding-pattern/|title=Stock Share Price &#124; Get Quote &#124; BSE|website=www.bseindia.com}}</ref>

}}

| subsid = {{plainlist|

* [[Reliance Foundation]]

}}  

| foundation = {{start date and age|1958|df=yes|p=yes}}<ref name="RIL_history">{{Cite web|url=https://www.britannica.com/topic/Reliance-Industries-Limited|title=Reliance Industries Limited &#124; Business, Leadership, & History &#124; Britannica|website=www.britannica.com}}</ref> 

| homepage = {{URL|https://www.ril.com/}}

'''Reliance Industries Limited''' is an Indian [[multinational corporation|multinational]] [[Conglomerate (company)|conglomerate]], headquartered in [[Mumbai]]. It has diverse businesses including [[energy industry|energy]], [[petrochemicals]], [[natural gas]], [[retail industry|retail]], [[telecommunications industry|telecommunications]], [[mass media]], and [[textile industry|textiles]]. Reliance is one of the most profitable companies in India,<ref>{{cite web|url=http://www.moneycontrol.com/stocks/marketinfo/netprofit/bse/index.html|title=Top companies in India by Net Profit|website=Moneycontrol.com|access-date=20 July 2017|archive-url=https://web.archive.org/web/20170719135533/http://www.moneycontrol.com/stocks/marketinfo/netprofit/bse/index.html|archive-date=19 July 2017|url-status=live}}</ref> the largest [[publicly traded companies|publicly traded company]] in India by [[market capitalisation]],<ref>{{cite web |url=http://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx |website=Bseindia.com |title=Top '100' companies by market capitalisation as on July 19, 2017 |access-date=20 July 2017 |archive-url=https://web.archive.org/web/20170715174950/http://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx |archive-date=15 July 2017 |url-status=live }}</ref> and the largest company in India as measured by revenue.<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/reliance-becomes-indias-biggest-company-in-revenue-terms/articleshow/69427335.cms?from=mdr|title=RIL becomes India's biggest company in revenue terms|date=21 May 2019|work=The Economic Times|access-date=21 May 2019}}</ref> It is also one of the [[List of largest employers in India| largest employers in India]], with over 300,000 employees in the world.<ref>{{Cite web|url=https://companiesmarketcap.com/largest-companies-by-number-of-employees/|title=Companies ranked by number of employees|website=companiesmarketcap.com}}</ref><ref>{{Cite web|url=https://www.statista.com/statistics/1049955/india-reliance-number-of-employees/|title=Reliance Industries: number of employees 2021|website=Statista}}</ref><ref name="fortune" /><ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/ril-becomes-first-indian-company-to-cross-200-billion-in-market-valuation/articleshow/78035314.cms|title=RIL becomes first Indian company to cross $200 billion in market valuation|access-date=10 September 2020}}</ref>

The company is ranked 100th on the [[Fortune Global 500]] list of the world's biggest corporations as of 2022.<ref name="fortune">{{cite news | url=https://fortune.com/company/reliance-industries/global500/ | title=Fortune Global 500 list | access-date=10 August 2022 | archive-url=https://web.archive.org/web/20190807080136/https://fortune.com/global500/2019/ | archive-date=7 August 2019 | url-status=live }}</ref> Reliance continues to be India's largest exporter, accounting for 7% of India's total merchandise exports and it has access to markets in over 100 countries.<ref name="financial1">{{cite web|url= http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/|title= Reliance Industries AGM full text|date= 21 July 2017|access-date= 21 July 2017|archive-url= https://web.archive.org/web/20170806222049/http://www.financialexpress.com/industry/reliance-industries-agm-full-text-of-mukesh-ambani-speech-here-is-what-he-said-on-jio/773105/|archive-date= 6 August 2017|url-status= live}}</ref> Reliance is responsible for almost 5% of the Government of India's total revenue from customs and excise duty. It is also the highest income tax payer in the private sector in India.<ref name="financial1"/><ref>{{Cite web|title=Reliance Industries Consolidated Balance Sheet, Reliance Industries Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/relianceindustries/consolidated-balance-sheetVI/RI|access-date=30 June 2020|website=moneycontrol.com|language=en}}</ref> The company has relatively little [[free cash flow]] and high [[corporate debt]].<ref>{{Cite web|url=https://www.bloomberg.com/news/articles/2023-01-20/reliance-seeks-2-5-billion-debt-for-capex-looming-repayments|title=Reliance Seeks $2.5 Billion Debt for Capex, Looming Repayments|date=20 January 2023|via=www.bloomberg.com}}</ref><ref>{{Cite news|title=RIL's deleveraging to continue|work=The Print|url=https://theprint.in/ani-press-releases/reliance-industries-deleveraging-set-to-continue-sp/653416/}}</ref>

===1958–1980===

[[File:Dhirubhai Ambani 2002 stamp of India.jpg|thumb|Stamp released in 2002 to honor company founder [[Dhirubhai Ambani]]]]

Reliance Commercial Corporation was set up in 1958 by [[Dhirubhai Ambani]] as a small venture firm trading commodities, especially spices and polyester yarn.<ref name="RIL_history"/> In 1965, the partnership ended and Dhirubhai continued the [[polyester]] business of the firm.<ref>{{cite news |url=http://www.arabnews.com/ambani-gas-station-attendant-reliance-owner |title=Ambani: From a gas station attendant to Reliance owner |newspaper=Arab News |date=2 November 2012 |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20130824203609/http://www.arabnews.com/ambani-gas-station-attendant-reliance-owner |archive-date=24 August 2013 |url-status=live }}</ref> In 1966, Reliance Textile Industries Pvt. Ltd. was incorporated in [[Maharashtra]]. It established a [[Synthetic fiber|synthetic fabrics]] mill in the same year at [[Naroda]] in [[Gujarat]].<ref name="ETH">{{cite news |url=http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanyhistory/companyid-13215.cms |title=Company History – Reliance Industries Ltd. |newspaper=The Economic Times |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20130928201223/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanyhistory/companyid-13215.cms |archive-date=28 September 2013 |url-status=live }}</ref> On 8 May 1973, it became Reliance Industries Limited. In 1975, the company expanded its business into textiles, with "Vimal" becoming its major brand in later years. The company held its [[Initial public offering]] (IPO) in 1977.<ref name="Milestones">{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |website=RIL.com |access-date=22 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html |archive-date=17 August 2013  }}</ref> The issue was over-subscribed by seven times.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |title=Reliance Industries: Milestones of an oil giant – Slide 4 |website=NDTV.com |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20130928193417/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970/slide/4 |archive-date=28 September 2013 |url-status=live }}</ref> In 1979, a textiles company Sidhpur Mills was amalgamated with the company.<ref>{{cite web |url=http://www.moneycontrol.com/company-facts/relianceindustries/history/RI |title=Company History – Reliance Industries |website=MoneyControl.com |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20130812123146/http://www.moneycontrol.com/company-facts/relianceindustries/history/RI |archive-date=12 August 2013 |url-status=live }}</ref> In 1980, the company expanded its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga, [[Raigad district|Raigad]], Maharashtra with financial and technical collaboration with [[E. I. du Pont de Nemours and Company|E. I. du Pont de Nemours & Co.]], U.S.<ref name="ETH" />

In 1985, the name of the company was changed from ''Reliance Textiles Industries Ltd.'' to ''Reliance Industries Ltd.''<ref name=ETH/> During 1985 to 1992, the company expanded its installed capacity for producing [[polyester]] [[yarn]] by over 145,000 tonnes per annum.<ref name=ETH/>

In 1995/96, the company entered the [[telecommunication|telecom]] industry through a joint venture with [[NYNEX]], USA, and promoted Reliance Telecom Private Limited in India.<ref name=HDFCH/>

In 2002, Reliance announced India's biggest gas discovery (at the [[Krishna Godavari basin]]) in nearly three decades and one of the largest gas discoveries in the world during 2002. The in-place volume of natural gas was more than 7 trillion cubic feet, equivalent to about 120 crore (1.2 billion) barrels of crude oil. This was the first-ever discovery by an Indian private sector company.<ref name=Milestones/><ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |title=Krishna-Godavari basin to yield 160mt oil: RIL |newspaper=The Economic Times |date=1 November 2002 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110085847/http://articles.economictimes.indiatimes.com/2002-11-01/news/27345331_1_huge-gas-gas-allocation-krishna-godavari-basin |archive-date=10 January 2014 |url-status=live }}</ref>

In 2006, Reliance entered the organised retail market in India<ref>{{cite web|url=http://www.btvin.com/videos/watch/7595/retail:-growth-engine-for-ril|title=BTvIn - Retail: Growth Engine For RIL|work=Btvin|access-date=26 June 2014|archive-url=https://web.archive.org/web/20141208025311/http://www.btvin.com/videos/watch/7595/retail:-growth-engine-for-ril|archive-date=8 December 2014|url-status=live}}</ref> with the launch of its retail store format under the brand name of '[[Reliance Fresh]]'.<ref>{{cite web |url=http://news.bbc.co.uk/2/hi/business/6112578.stm |title=Reliance launches retail venture |work=BBC News |date=3 November 2006 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110092259/http://news.bbc.co.uk/2/hi/business/6112578.stm |archive-date=10 January 2014 |url-status=live }}</ref><ref>{{cite news |url=http://www.business-standard.com/article/companies/coming-to-your-neighbourhood-reliance-fresh-106110300049_1.html |title=Coming to your neighbourhood – Reliance Fresh |newspaper=Business Standard |date=3 November 2006 |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20140110135035/http://www.business-standard.com/article/companies/coming-to-your-neighbourhood-reliance-fresh-106110300049_1.html |archive-date=10 January 2014 |url-status=live }}</ref> By the end of 2008, Reliance Retail had close to 600 stores across 57 cities in India.<ref name=Milestones/>

In August 2019, Reliance added Fynd<ref>{{Cite web|url=https://www.fynd.com/page/fynd-home|title=Fynd - Your Everyday Fashion Destination|website=Fynd}}</ref> primarily for its consumer businesses and mobile phone services in the [[e-commerce]] space.<ref>{{Cite web|last=Bloomberg|title=Reliance to buy Google-backed tech start-up Shopsense Retail|url=https://www.thehindubusinessline.com/info-tech/reliance-to-buy-google-backed-tech-start-up-shopsense-retail/article28821784.ece|access-date=9 July 2020|website=@businessline|date=5 August 2019|language=en}}</ref><ref>{{Cite web|date=2 August 2019|title=Reliance-Shopsense Deal|url=https://www.ril.com/DownloadFiles/CorporateAnnouncements/Reg30_Shopsense.pdf|website=RIL.com}}</ref>

On the 18th of August 2021, Reliance Industries Limited (RIL) stated that it had shut down its manufacturing units at Nagothane town in Maharashtra.<ref>{{cite news|title=Reliance shuts down its manufacturing units at Maharashtra's Nagothane|url=http://economictimes.indiatimes.com/industry/indl-goods/svs/petrochem/ril-russias-sibur-join-hands-for-jamnagar-butyl-rubber-unit/articleshow/56644960.cms|newspaper=The Economic Times|access-date=18 August 2021|url-status=live}}</ref>

 

In  December 2022, Reliance Industries Market cap stood at Rs.17,59,017.23 crore.<ref>{{Cite web |title=Top 100 stocks by Market Capitalization {{!}} BSE Listed stocks Market Capitalization |url=https://www.bseindia.com/markets/equity/eqreports/topmarketcapitalization.aspx |access-date=2022-12-19 |website=www.bseindia.com}}</ref>

The number of shares of RIL are approx. 644.51 crore (6.44 billion).<ref name="shareownership">{{Cite web|url=http://www.moneycontrol.com/company-facts/relianceindustries/shareholding-pattern/RI#RI|title=Reliance Industries >> Shareholding Pattern - March 2017|website=moneycontrol.com|access-date=20 July 2017|archive-url=https://web.archive.org/web/20170720233943/http://www.moneycontrol.com/company-facts/relianceindustries/shareholding-pattern/RI#RI|archive-date=20 July 2017|url-status=live}}</ref> The promoter group, the Ambani family, holds 49.11% of the total shares whereas the remaining 50.89% shares are held by public shareholders, including FII and corporate bodies.<ref name="shareownership"/> [[Life Insurance Corporation of India]] is the largest non-promoter investor in the company, with 7.98% shareholding.<ref name="AR">{{cite web |url=http://ril.com/rportal1/DownloadLibUploads/1368015904301_AR08052013.pdf |website=RIL.com |date=8 May 2013 |title=Annual Report 2012-13 |url-status=dead |archive-url=https://web.archive.org/web/20131016015400/http://ril.com/rportal1/DownloadLibUploads/1368015904301_AR08052013.pdf |archive-date=16 October 2013 }}</ref>

The company's equity shares are listed on the [[National Stock Exchange of India]] Limited (NSE) and the [[Bombay Stock Exchange|BSE]] Limited. The [[Global Depository Receipt]]s (GDRs) issued by the company are listed on [[London Stock Exchange]].<ref>{{cite web |url=http://ril.com/html/investor/investor_handbook.html |title=Investors' Handbook |website=Ril.com |access-date=15 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130817072259/http://www.ril.com/html/investor/investor_handbook.html |archive-date=17 August 2013 }}</ref><ref>{{cite news |url=http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanylisting/companyid-13215.cms |title=Reliance Industries Ltd. – Listing |newspaper=The Economic Times |access-date=25 August 2013 |archive-url=https://web.archive.org/web/20131007163106/http://economictimes.indiatimes.com/reliance-industries-ltd/infocompanylisting/companyid-13215.cms |archive-date=7 October 2013 |url-status=live }}</ref> It has issued approx. 5.6 crore (56 million) GDRs wherein each GDR is equivalent to two equity shares of the company. Approximately 3.46% of its total shares are listed on Luxembourg Stock Exchange.<ref name="shareownership"/>

The company's [[petrochemical]], [[refining]], and oil and gas-related operations form the core of its business; other divisions of the company include cloth, retail, telecommunications, and [[special economic zone]] (SEZ) development. In 2012–13, it earned 76% of its revenue from refining, 19% from petrochemicals, 2% from oil & gas and 3% from other segments.<ref name=AR/>

 

 

As of 16 March 2023, the company had 234 subsidiary companies and 11 associate companies.<ref>{{Cite web|url=https://www.ril.com/DownloadFiles/Subsidiaries%20and%20major%20Associates%20of%20RIL.pdf|title=Subsidiaries and major Associates of RIL|date=30 April 2019|url-status=live|archive-url=https://web.archive.org/web/20180827112720/http://www.ril.com/DownloadFiles/Subsidiaries%20and%20major%20Associates%20of%20RIL.pdf|archive-date=27 August 2018|access-date=26 September 2019}}</ref>

Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL.It has a valuation of more than $100 billion on expert view as of October 2022.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.<ref>{{Cite web|title=RIL's new digital unit christened Jio Platforms Ltd|url=https://www.thehindubusinessline.com/info-tech/rils-new-digital-unit-christened-jio-platforms-ltd/article30113511.ece|access-date=5 May 2020|website=@businessline|date=29 November 2019 |language=en}}</ref> This new subsidiary holds all the digital business assets including [[Jio|Reliance Jio Infocomm Ltd]], which in turn holds the Jio connectivity business - mobile, broadband and enterprise, and also the other digital assets (JIO Apps, Tech backbone and Investments in other tech entities like Haptic, Hathaway and Den Networks among others).<ref>{{Cite web|last=Pathak|first=Kalpana|date=26 October 2019|title=Rejig of group structure at RIL paves way for Jio stake sale|url=https://www.livemint.com/industry/telecom/what-creating-a-digital-subsidiary-means-for-ril-and-reliance-jio-11572077695318.html|access-date=5 May 2020|website=Livemint|language=en}}</ref> In April 2020, RIL announced a strategic investment of {{INRconvert|43574|c}} by Facebook into Jio Platforms. This investment translated into a 9.99% equity stake, on a fully diluted basis.<ref>{{cite press release|author=<!--Staff writer(s); no by-line.-->|title=FACEBOOK TO INVEST ₹ 43,574 CRORE IN JIO PLATFORMS FOR A 9.99% STAKE. LARGEST FDI FOR MINORITY INVESTMENT IN INDIA. PARTNERSHIP TO CREATE OPPORTUNITIES FOR PEOPLE AND BUSINESSES|url=https://www.ril.com/getattachment/f8f5c090-6286-42f0-96e5-db05b1ded9f4/FACEBOOK-TO-INVEST-%E2%82%B9-43,574-CRORE-IN-JIO-PLATFORMS.aspx|location=Mumbai|agency=Reliance Industries Limited|access-date=5 May 2020}}</ref> Further in May 2020, RIL sold roughly 1.15% stake in Jio Platforms for {{INRconvert|5656|c}} to the American private equity investor, [[Silver Lake Partners]].<ref>{{Cite web|date=5 May 2020|title=Reliance sells 1.15% stake in Jio Platforms to PE firm for Rs 5,656 crore|url=https://www.hindustantimes.com/business-news/reliance-sells-1-15-stake-in-jio-platforms-to-pe-firm-for-rs-5-656-crore/story-cYjPN3orTj3zidGwahqu0K.html|access-date=5 May 2020|website=Hindustan Times|language=en}}</ref> [[Intel]] became the 12th company to invest in Reliance Jio platforms after it invested ₹1,894.50 crore ($250 million),the total investments in Jio platforms is  ₹117,588.45 crore so far.<ref>{{Cite news|last=Mishra|first=Lalatendu|date=3 July 2020|title=Intel Capital to buy 0.39% stake in Jio Platforms for ₹1,894 crore|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/intel-capital-invests-189450-crore-in-jio-platforms/article31976973.ece|access-date=8 July 2020|issn=0971-751X}}</ref> On 16 July 2020, [[Google]] announced that it will acquire a 7.7% stake in Jio Platforms for ₹33,737 crore.<ref>{{Cite news|title=Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms |work=The Economic Times|url=https://economictimes.indiatimes.com/tech/internet/google-to-invest-rs-33737-crore-for-a-7-7-stake-in-jio-platforms/articleshow/76977018.cms|access-date=16 July 2020}}</ref> Mukesh Ambani has named his son, Mr.Akash Mukesh Ambani as the chairperson of Jio in 2022.<ref>{{Cite web |last=Haraito |first=Gloria |title=Mukesh Ambani Flags Off Succession, Anointing Son Akash Ambani Chairman Of Reliance Jio Infocomm |url=https://www.forbes.com/sites/gloriaharaito/2022/06/29/mukesh-ambani-flags-off-succession-anointing-son-akash-ambani-chairman-of-reliance-jio-infocomm/ |access-date=2022-10-10 |website=Forbes |language=en}}</ref>

Reliance Retail is the retail business wing of the Reliance Industries. In March 2013, it had 1466 stores in India.<ref>{{cite web |url=http://www.ril.com/rportal1/DownloadLibUploads/1366124344231_Q4FPR16042013R1.pdf |title=Financial Presentation of 2012–13 Q4 Results |website=RIL.com |date=16 April 2013 |access-date=27 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20150403120435/http://www.ril.com/rportal1/DownloadLibUploads/1366124344231_Q4FPR16042013R1.pdf |archive-date=3 April 2015  }}</ref> It is the largest retailer in India.<ref>{{cite news |url=http://www.business-standard.com/article/companies/ambani-becomes-india-s-top-retailer-as-biyani-slips-post-demerger-113081600179_1.html |newspaper=Business Standard |title=Ambani tops retailer list, too |date=17 August 2013 |access-date=19 August 2013 |archive-url=https://web.archive.org/web/20140110133523/http://www.business-standard.com/article/companies/ambani-becomes-india-s-top-retailer-as-biyani-slips-post-demerger-113081600179_1.html |archive-date=10 January 2014 |url-status=live }}</ref> 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 {{INRConvert|108|b}} with an EBITDA of {{INRConvert|780|m}}.Its market value is more than $60 billion.<ref name="AR" /><ref>{{cite news |url=http://www.business-standard.com/article/companies/few-ril-retail-arms-still-making-losses-113050900901_1.html |title=Few RIL retail arms still making losses |newspaper=Business Standard |date=11 May 2013 |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20140626165326/http://www.business-standard.com/article/companies/few-ril-retail-arms-still-making-losses-113050900901_1.html |archive-date=26 June 2014 |url-status=live }}</ref> Mukesh Ambani stepped down from the position of chairperson of Reliance Retail and handed over the job to his daughter Mrs. Isha Ambani Piramal.<ref>{{Cite web |last=Sanjai |first=P. R. |date=2022-06-29 |title=Mukesh Ambani's daughter Isha Ambani to be named chair of Reliance retail |url=https://theprint.in/economy/mukesh-ambanis-daughter-isha-ambani-to-be-named-chair-of-reliance-retail/1016803/ |access-date=2022-10-10 |website=ThePrint |language=en-US}}</ref> Mr. Ambani announced it during the 45th Reliance AGM, in 2022. As per reports, this act is a part of Ambani's leadership transition.<ref>{{Cite web |title=Reliance in process of momentous leadership transition, says Mukesh Ambani |url=https://www.indiatoday.in/business/story/reliance-industries-leadership-transition-future-mukesh-ambani-1893666-2021-12-29 |access-date=2022-10-10 |website=India Today |language=en}}</ref>

===Reliance Life Sciences===

Reliance Life Sciences works around medical, plant and industrial [[biotechnology]] opportunities. It specialises in manufacturing, branding, and marketing Reliance Industries' products in bio-pharmaceuticals, [[Pharmaceutical industry|pharmaceuticals]], clinical research services, [[regenerative medicine]], [[molecular medicine]], novel therapeutics, [[biofuel]]s, plant biotechnology, and [[industrial biotechnology]] sectors of the medical business industry.<ref>{{cite web |url=http://rellife.com/aboutus.html |title=About us, Reliance Life Sciences |website=RelLife.com |access-date=18 August 2013 |archive-url=https://web.archive.org/web/20140304052923/http://rellife.com/aboutus.html |archive-date=4 March 2014 |url-status=live }}</ref><ref>{{cite news |url=http://businesstoday.intoday.in/story/reliance-life-sciences-future-projects/1/187980.html |title=Changing its DNA |newspaper=Business Today |date=30 September 2012 |access-date=26 August 2013 |archive-url=https://web.archive.org/web/20121201101151/http://businesstoday.intoday.in/story/reliance-life-sciences-future-projects/1/187980.html |archive-date=1 December 2012 |url-status=live }}</ref>

 

Reliance Logistics is a single-window{{clarify|date=June 2020}} company selling transportation, distribution, warehousing, logistics, and supply chain-related products.<ref>{{cite web |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=37472326 |title=Company Overview of Reliance Logistics Private Limited |work=Bloomberg BusinessWeek |access-date=27 August 2013}}</ref><ref>{{cite web|url=http://www.reliancelogistics.com/html/aboutus/aboutus.html |title=About us, Reliance Logistics |website=Reliancelogistics.com |access-date=18 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20101121073034/http://www.reliancelogistics.com/html/aboutus/aboutus.html |archive-date=21 November 2010 }}</ref><ref>{{cite news |url=http://www.hindustantimes.com/business-news/CorporateNews/Reliance-in-deal-with-CONCOR-for-logistics-venture/Article1-249539.aspx |archive-url=https://archive.today/20130827105115/http://www.hindustantimes.com/business-news/CorporateNews/Reliance-in-deal-with-CONCOR-for-logistics-venture/Article1-249539.aspx |url-status=dead |archive-date=27 August 2013 |title=Reliance in deal with CONCOR for logistics venture |date=25 September 2007 |access-date=27 August 2013 }}</ref> Reliance Logistics is an asset based company with its own fleet and infrastructure.<ref>{{cite web |url=http://www.supplychainleaders.com/provider/reliance-logistics-ltd/800/ |title=Reliance Logistics Ltd |website=Supplychainleaders.com |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20140228134927/http://www.supplychainleaders.com/provider/reliance-logistics-ltd/800/ |archive-date=28 February 2014 |url-status=live }}</ref> It provides logistics services to Reliance group companies and outsiders.<ref>{{cite web |url=http://www.mydigitalfc.com/news/reliance-set-combine-two-logistics-arms-648 |title=Reliance set to combine two logistics arms |work=Financial Chronicle |date=31 March 2009 |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20160130072624/http://www.mydigitalfc.com/news/reliance-set-combine-two-logistics-arms-648 |archive-date=30 January 2016 |url-status=live }}</ref> <small>Merged content from Reliance Logistics to here. See [[Talk:Reliance Industries/Archives/2013#Merge proposals]]</small>.

 

===Reliance Solar===

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.<ref>{{cite web |url=http://relsolar.com/aboutus.html |title=About us, Reliance Solar |website=Relsolar.com |access-date=18 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130911212431/http://www.relsolar.com/aboutus.html |archive-date=11 September 2013 }}</ref>  In 2022 RIL AGM, Mukesh Ambani specified that his youngest son Anant Ambani will take over the new energy business.<ref>{{Cite web |date=2022-08-29 |title=Mukesh Ambani's youngest son Anant to lead new energy sector at Reliance |url=https://www.hindustantimes.com/business/mukesh-ambani-s-youngest-son-anant-to-lead-new-energy-sector-at-reliance-101661773865074.html |access-date=2022-10-10 |website=Hindustan Times |language=en}}</ref> <small>Merged content from Reliance Solar to here. See [[Talk:Reliance Industries/Archives/2013#Merge proposals]]</small>.

 

===Reliance Industrial Infrastructure===

{{main|Reliance Industrial Infrastructure}}

Reliance Industrial Infrastructure Limited (RIIL) is an associate company of RIL. RIL holds 45.43% of the total shares of RIIL.<ref name=AR/> 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.<ref>{{cite web |title=Company History |url=http://www.moneycontrol.com/company-facts/relianceindustrialinfrastructure/history/RII |website=Moneycontrol.com |access-date=22 August 2013 |archive-url=https://web.archive.org/web/20140428154250/http://www.moneycontrol.com/company-facts/relianceindustrialinfrastructure/history/RII |archive-date=28 April 2014 |url-status=live }}</ref> RIIL is mainly engaged in the business of setting up and operating industrial infrastructure. The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing.<ref>{{cite web |url=http://www.riil.in |website=RIIL.in |title=About us |access-date=18 August 2013 |archive-url=https://web.archive.org/web/20091228171136/http://www.riil.in/ |archive-date=28 December 2009 |url-status=live }}</ref> The company set up a 200-millimetre diameter twin pipeline system that connects the Bharat Petroleum refinery at Mahul, [[Maharashtra]], to Reliance's petrochemical complex at [[Patalganga]], Maharashtra. The pipeline carries petroleum products including [[naphtha]] and kerosene. It has commissioned facilities like the supervisory control and data acquisition system and the cathodic protection system, a jack well at River Tapi, and a raw water pipeline system at [[Hazira]]. The infrastructure company constructed a 71,000 kilo-litre petrochemical product storage and distribution terminal at the Jawaharlal Nehru Port Trust (JNPT) Area in Maharashtra. {{Citation needed|date=October 2021}}

 

===Network 18===

Network 18, a mass media company. It has interests in television, digital platforms, publication, mobile apps and films. It also operates two joint ventures, namely [[Viacom 18]] and [[History TV18]] with [[Viacom (2005–present)|Viacom]] and [[A+E Networks]] respectively. It has also acquired a partial part of [[ETV Network]] and since renamed its channels under the [[Colors TV]] brand.

 

===Reliance Eros Productions LLP===

Reliance Eros Productions LLP, joint venture with [[Eros International]] to produce film content in India.<ref>{{Cite web |url=https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/amp/ |title=Mukesh Ambani's Reliance Industries Takes Stake in Eros International |date=20 February 2018 |access-date=3 November 2018 |archive-url=https://web.archive.org/web/20181104045950/https://variety.com/2018/biz/asia/mukesh-ambani-reliance-industries-take-eros-1202704828/amp/ |archive-date=4 November 2018 |url-status=live }}</ref>

 

===Reliance Industrial Investments and Holdings Limited===

Reliance Industrial Investments and Holdings Limited (RIIHL), a wholly-owned subsidiary of RIL which provides financial services. The Company owns securities of companies other than banks, as well as offers investment services.<ref>{{Cite web|title=Reliance Industrial Investments & Holdings Ltd - Company Profile and News|url=https://www.bloomberg.com/profile/company/587677Z:IN|access-date=2021-04-24|website=Bloomberg.com|language=en}}</ref> RIIHL bought majority stakes in two companies - logistics firm Grab A Grub Services Private Limited ([https://www.grab.in/ Grab]) and software company C-Square Info Solutions - for over ₹146 crores in March 2019. RIIHL also sponsored the Tower [[Investment trust]] (InvITs) for the acquisition of 49% equity in RJio's tower assets for ₹25,215 crores by the Canadian asset management firm [[Brookfield Asset Management|Brookfield Infrastructure Partners]].<ref>{{Cite web|last=Kurup|first=Rajesh|title=RJio gets approval for Brookfield deal from DoT, SEBI|url=https://www.thehindubusinessline.com/info-tech/rjio-gets-approval-for-brookfield-deal-from-dot-sebi/article32468215.ece|access-date=2021-04-24|website=@businessline|date=28 August 2020 |language=en}}</ref> On April 22, 2021, RIIHL acquired the entire issued share capital of Stoke Park Ltd, company that owns and manages sporting and leisure facilities in [[Stoke Park, Buckinghamshire|Stoke Poges, Buckinghamshire]] for £57 million.<ref>{{Cite news|last=Barman|first=Arijit|title=Mukesh Ambani buys Britain's iconic country club Stoke Park for 57 million pounds|work=The Economic Times|url=https://economictimes.indiatimes.com/news/company/corporate-trends/mukesh-ambani-buys-britains-iconic-country-club-stoke-park-for-57-million-pounds/articleshow/82210759.cms|access-date=2021-04-24}}</ref>

 

===Reliance Strategic Business Ventures===

Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of RIL bought a 51.78% stake in robotics and AI firm Asteria Aerospace for ₹23.12 crore and an 85% stake in NowFloats Technologies for ₹141.63 crores in Dec 2019.<ref>{{Cite web|title=RIL to continue acquisition spree in 2021|url=https://www.thehindubusinessline.com/companies/ril-to-continue-acquisition-spree-in-2021/article34011163.ece|access-date=2021-04-24|website=@businessline|date=7 March 2021 |language=en}}</ref> It also holds 18.83% in EIH Limited, the flagship company of [[The Oberoi Group]], one of the largest luxury hotel chains in India. In November 2019, RSBVL invested an undisclosed amount in SkyTran Inc. for 12.7%, increased it further to 26.3% by April 2020. In February 2021, RIL became the majority stakeholder with 54.46% with an additional investment of $26.76 million.<ref>{{Cite web|last=www.ETEnergyworld.com|title=Reliance Industries acquires majority equity stake in skyTran Inc - ET EnergyWorld|url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/reliance-industries-acquires-majority-equity-stake-in-skytran-inc/81265381|access-date=2021-04-24|website=ETEnergyworld.com|language=en}}</ref>

 

===Embibe===

[https://www.embibe.com/ Embibe], Bengaluru-based EdTech start-up raised funding of ₹89.91 crores from RIL in February 2020. Over three years, Reliance Industries had invested around $180 million in the start-up. A part of it was towards acquiring a stake of 72.69% from Embibe's existing investors. In December 2019, Embibe, under the proprietary name (Individual Learning Private Limited), announced that it picked up equity shares in Bengaluru-based K12 startup Funtoot (eDreams Edusoft). The deal was capped at ₹71.64 crores in cash, which holds 90.5% of the equity share capital of Funtoot. In February 2020, it acquired the rival platform OnlineTyari.<ref>{{Cite news|title=Reliance Industries: RIL-backed firm Embibe gets 91% stake in Funtoot|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ril-backed-firm-embibe-gets-91-stake-in-funtoot/articleshow/72862304.cms|access-date=2021-04-24}}</ref><ref>{{Cite web|title=Mukesh Ambani doubles his bet on edtech – Reliance Industries invests ₹500 crore in startup Embibe|url=https://www.businessinsider.in/business/startups/news/mukesh-ambani-doubles-his-bet-on-edtech-reliance-industries-invests-500-crore-in-startup-embibe/articleshow/75009229.cms|access-date=2021-04-24|website=Business Insider}}</ref>

 

NowFloats Technologies Pvt Limited offers a slew of services such as an online business management suite, local content platforms and marketing solutions, among others.Reliance Industries Ltd (RIL) acquired an 85% stake in NowFloats in 2022.

*[https://www.modeleconomictownship.com/ Model Economic Township]

Reliance Industrial Investments and Holdings owns Digital Fibre InvIT, which in turn owns 51% of Jio Digital Fibre Private Limited. The remaining 49% of Jio Digital Fibre Private Limited is owned by Reliance Industries directly.

In March 2017, Reliance Industries Ltd (RIL) completed the sale process of its 76% equity stake in Mauritius-based oil retailer Gulf Africa Petroleum Corp (GAPCO) to Total Marketing & Services, a subsidiary of the French oil and gas firm [[Total SE]].<ref>{{Cite web|date=2017-03-29|title=Reliance Industries Ltd sells its 76% stake in Gulf Africa Petroleum to Total|url=https://www.financialexpress.com/industry/reliance-industries-ltd-sells-its-76-stake-in-gulf-africa-petroleum-to-total/607516/|access-date=2021-04-24|website=The Financial Express|language=en-US}}</ref>

As of 31 March 2018, the company had 29,533 permanent employees of which 1,521 were women and 70 were employees with disabilities. It also had 158,196 temporary employees on the same date which makes a total of 187,729 employees.<ref name=AR/> As per its Sustainability Report for 2011–12, the attrition rate was 7.5%. But currently, the same attrition rate has gone up to 23.4% in March 2015 as per latest report released by the organisation.<ref>{{cite web |url=http://www.ril.com/downloads/pdf/ril_sr2010_11.pdf |title=Sustainability Report 2011-12 |website=RIL.com |access-date=25 August 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131008003205/http://www.ril.com/downloads/pdf/ril_sr2010_11.pdf |archive-date=8 October 2013  }}</ref>

In its 39th Annual General Meeting, its chairman informed the shareholders of the investment plans of the company of about {{INRConvert|1500|b}} in the next three years. This would be accompanied by increasing the staff strength in Retail division from existing strength of 35,000 to 120,000 in next 3 years and increasing employees in Telecom division from existing 3,000 to 10,000 in 12 months.<ref>{{cite news |url=http://www.indianexpress.com/news/ril-to-invest-rs-1.5-lakh-crore-over-three-years--increase-staff-strength/1126079/ |title=(RIL) to invest Rs 1.5 lakh crore over three years; increase staff strength |newspaper=The Indian Express |date=7 June 2013 |access-date=27 August 2013 |archive-url=https://web.archive.org/web/20130613091545/http://www.indianexpress.com/news/ril-to-invest-rs-1.5-lakh-crore-over-three-years--increase-staff-strength/1126079/ |archive-date=13 June 2013 |url-status=live }}</ref>

* The Brand Trust Report ranked Reliance Industries as the 7th most trusted brand in India in 2013 and 9th in 2014.<ref>{{Cite web|url =http://www.trustadvisory.info/allindia_2014.html|title =India's Most Trusted Brands 2014|url-status =dead|archive-url =https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html|archive-date =2 May 2015|df =dmy-all}}</ref><ref>{{cite web|url=http://www.financialexpress.com/news/tata-reliance-mahindra-mahindra-3-mumbai-brands-among-India-s-10-most-trusted-but-delhi-flexes-muscles-too/1223001|title=Tata, Reliance, Mahindra & Mahindra, 3 Mumbai brands among Indias 10 Most Trusted, but Delhi flexes muscles too|website=The Financial Express|date=4 February 2014 |access-date=26 August 2018}}</ref>

==Reliance demerger and family feud ==

The Ambani family holds around 45% of the shares in RIL.<ref>{{cite web |url=http://www.rediff.com/money/2004/nov/18ril.htm |title=Mukesh Ambani admits to differences with Anil |work=Rediff.com |date=18 November 2004 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20130805092559/http://www.rediff.com/money/2004/nov/18ril.htm |archive-date=5 August 2013 |url-status=live }}</ref> Since its inception, the company was managed by its founder and chairman [[Dhirubhai Ambani]]. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons [[Mukesh Ambani]] and [[Anil Ambani]]. After the death of Dhirubhai Ambani in 2002, the management of the company was taken up by both the brothers. In November 2004, Mukesh Ambani, in an interview, admitted to having differences with his brother Anil over 'ownership issues'.<ref>{{cite news |url=http://indiatoday.intoday.in/story/mukesh-anil-ambani-ownership-battle-threatens-reliance-group-future/1/195070.html |title=Ambani vs Ambani |newspaper=India Today |date=6 December 2004 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131019053540/http://indiatoday.intoday.in/story/mukesh-anil-ambani-ownership-battle-threatens-reliance-group-future/1/195070.html |archive-date=19 October 2013 |url-status=live }}</ref> He also said that the differences "are in the private domain". The share prices <ref>{{Cite web|url=https://www.ndtv.com/business/reliance-industries-limited-rights-entitlement-share-price-ril-re-drops-6-after-stellar-debut-2232488|title=Reliance Industries Rights Issue Gains 15% A Day After Stellar Debut|website=NDTV.com}}</ref> of RIL were impacted by some margin when this news broke out. In 2005, after a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into two parts.<ref>{{cite web |url=http://archives.digitaltoday.in/indiatoday/20050704/cover.html |title=Cover Story: Ambani Settlement |work=India Today |date=4 July 2005 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131018013551/http://archives.digitaltoday.in/indiatoday/20050704/cover.html |archive-date=18 October 2013 |url-status=live }}</ref> In October 2005, the split of Reliance Group was formalised. Mukesh Ambani got Reliance Industries and IPCL. Younger brother Anil Ambani received telecom, power, entertainment, and financial services business of the group. The [[Reliance Anil Dhirubhai Ambani Group|Anil Dhirubhai Ambani Group]] includes Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Natural Resources and Reliance Power.<ref>{{cite web |url=http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970 |title=Reliance Industries: Milestones of an oil giant |website=NDTV.com |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131002041757/http://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970 |archive-date=2 October 2013 |url-status=live }}</ref><ref>{{cite web |url=http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c3f7d039-35d6-4f0c-994a-8e5f9bda7859 |title=Corporate Announcement – Reliance Industries hands over control of Four Demerged Companies to ADAG |website=Bseindia.com/ |date=8 February 2006 |access-date=28 August 2013 |archive-url=https://web.archive.org/web/20131019150928/http://www.bseindia.com/corporates/anndet_new.aspx?newsid=c3f7d039-35d6-4f0c-994a-8e5f9bda7859 |archive-date=19 October 2013 |url-status=live }}</ref>

===ONGC litigation===  

=== Cronyism ===  

''Seminar'' magazine (2003) detailed Reliance founder Dhirubhai Ambani's proximity to politicians, his enmity with [[Bombay Dyeing]]'s [[Nusli Wadia]], the exposes by the [[Indian Express]] and Arun Shourie about illegal imports by the company and overseas share transactions by shell companies, and the botched attempt to acquire [[Larsen & Toubro]].<ref>{{Cite web |url=http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm |title=521 Raranjoy Guha Thakurta, the two faces of Dhirubhai Ambani |access-date=15 April 2018 |archive-url=https://web.archive.org/web/20180110123817/http://www.india-seminar.com/2003/521/521%20paranjoy%20guha%20thakurta.htm |archive-date=10 January 2018 |url-status=dead  }}</ref>

As early as 1996, ''Outlook'' magazine addressed other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned [[Unit Trust of India]]. Five main allegations concerning Reliance, which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were:

* It indulged in insider trading in shares.

* It attempted to monopolize the private telecom services market through front companies.<ref>{{cite web|url=https://www.outlookindia.com/magazine/story/blind-ambition/200504|title=Blind Ambition|website=Outlookindia.com/|access-date=26 August 2018|archive-url=https://web.archive.org/web/20180614021254/https://www.outlookindia.com/magazine/story/blind-ambition/200504|archive-date=14 June 2018|url-status=live}}</ref>

===2005 Criminal investigation ===

The [[Central Bureau of Investigation]] (CBI) filed a charge sheet in a Mumbai court against Reliance Industries Limited (RIL) and four retired employees of [[National Insurance Company Limited]] (NICL), including a former CMD, under provisions of the [[Prevention of Corruption Act]] for [[criminal conspiracy]] and other charges. Acting on a reference from CVC in March 2005, the CBI started probing the conspiracy that led to the filing of the charge sheet on 9 December 2011. The 2005 complaint had alleged irregularities in the issuance of insurance policies — for coverage of default payments — by NICL to RIL. The charge sheet also mentioned criminal offenses with dishonest intention and causing wrongful loss totaling ₹147.41 crores to NICL and wrongful gain to the private telecom provider.<ref>{{cite news|url=http://timesofindia.indiatimes.com/business/india-business/NICL-scam-CBI-files-charges-against-Reliance-Industries-Limited-4-retired-insurance-firm-employees/articleshow/11761605.cms|title=NICL scam: CBI files charges against Reliance Industries Limited, 4 retired insurance firm employees|newspaper=[[The Times of India]]|access-date=26 August 2018|archive-url=https://web.archive.org/web/20180710230142/https://timesofindia.indiatimes.com/business/india-business/NICL-scam-CBI-files-charges-against-Reliance-Industries-Limited-4-retired-insurance-firm-employees/articleshow/11761605.cms|archive-date=10 July 2018|url-status=live}}</ref>

A business jet owned by Reliance Industries (RIL) was grounded by The Directorate General of Civil Aviation (DGCA) on 22 March 2014 during a surprise inspection, for carrying expired safety equipment on board; its pilot was also suspended for flying without a license.<ref>[[Reliance Industries#cite note-80]]</ref>

===Krishna Godavari (KG) Basin gas controversy===

Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC). However, the entire block was declared as a discovery area and RIL was allowed to retain it. In 2011, the Comptroller and Auditor General of India (CAG) criticized the Oil Ministry for this decision. The CAG also faulted RIL for limiting the competition in contracts, stating that RIL awarded a $1.1 billion contract to Aker on a single-bid basis.<ref>{{cite web|url=http://indiatoday.intoday.in/story/cag-report-on-kg-basin-puts-ril-in-the-dock%E2%80%8E/1/150531.html|title=CAG flays Oil Min for allowing RIL to retain D6 area|website=India Today|access-date=26 August 2018|archive-url=https://web.archive.org/web/20180105162550/http://indiatoday.intoday.in/story/cag-report-on-kg-basin-puts-ril-in-the-dock%E2%80%8E/1/150531.html|archive-date=5 January 2018|url-status=live}}</ref><ref>{{cite web|url=http://www.financialexpress.com/news/Reliance-violated-contract-terms-in-KG-Basin--finds-CAG-report/843940|title=Reliance violated contract terms in KG Basin, finds CAG report|website=The Financial Express|date=9 September 2011 |access-date=26 August 2018|archive-url=https://web.archive.org/web/20141031160402/http://www.financialexpress.com/news/Reliance-violated-contract-terms-in-KG-Basin--finds-CAG-report/843940|archive-date=31 October 2014|url-status=live}}</ref>

A PIL filed in the Supreme Court by an NGO Centre for Public Interest Litigation, through Prashant Bhushan, challenged the grant of a pan-India license to RJIL by the Government of India. The PIL alleged that RJIL was allowed to provide voice telephony along with its 4G data service, by paying an additional fee of just INR 16,580 million (US$280 million) which was arbitrary and unreasonable and contributed to a loss of INR 228,420 million (US$3.8 billion) to the exchequer.<ref>{{cite web|url=http://www.thehindubusinessline.com/companies/petition-against-4g-licence-to-reliance-jio-apex-court-seeks-centres-reply/article5993872.ece#comments|title=Petition against 4G licence to Reliance Jio: Apex court seeks Centre's reply|website=Business Line|access-date=26 August 2018|archive-url=https://web.archive.org/web/20140511093057/http://www.thehindubusinessline.com/companies/petition-against-4g-licence-to-reliance-jio-apex-court-seeks-centres-reply/article5993872.ece#comments|archive-date=11 May 2014|url-status=live}}</ref><ref>{{cite web|url=http://www.rediff.com/business/slide-show/slide-show-1-reliance-jio-goes-for-the-kill/20140117.htm#1|title=Reliance Jio goes for the kill|work=Rediff.com|access-date=26 August 2018|archive-url=https://web.archive.org/web/20180928123359/http://www.rediff.com/business/slide-show/slide-show-1-reliance-jio-goes-for-the-kill/20140117.htm#1|archive-date=28 September 2018|url-status=live}}</ref>

The CAG in its draft report alleged rigging of the auction mechanism, whereby an unknown ISP, Infotech Broadband Services Pvt Ltd, acquired the spectrum by bidding 5000 times its net worth, after which the company was sold to Reliance Industries.<ref>{{Cite web |url=http://articles.economictimes.indiatimes.com/2014-07-01/news/51002815_1_bwa-reliance-jio-infocomm-reliance-industries-unit |title=DoT refutes CAG's charges of favouring Reliance Jio by allowing it to convert its ISP permit into a unified license - Economic Times |access-date=4 July 2014 |archive-url=https://web.archive.org/web/20140707140052/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002815_1_bwa-reliance-jio-infocomm-reliance-industries-unit |archive-date=7 July 2014 |url-status=dead  }}</ref>

[[Category:Chemical companies of India]]

[[Category:Energy companies established in 1966]]  

[[Category:Non-renewable resource companies established in 1958]]  

[[Category:1958 establishments in India]]  

[[Category:Indian companies established in 1958]]