Reliance Group: Reliance will ring in the world, Mukesh Ambani told special plan before the new year

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Reliance Group: Billionaire industrialist Mukesh Ambani (Mukesh Ambani) says that the Reliance Group led by him will never be ‘complacent’ and will become a part of the top 10 business groups in the world. The group has grown its business from the world’s largest oil refining complex to the country’s largest mobile network operator in a matter of a few years. Addressing employees on ‘Reliance Family Day’, the birth anniversary of group founder Dhirubhai Ambani, Mukesh Ambani said Reliance is now aiming to strengthen its place among global companies in adopting digital data platforms and artificial intelligence (AI) technology. . He said that today the domestic and global environment for business is changing very rapidly. There is no room for complacency. Reliance was never complacent in the past, and will not be so in the future. He said that Reliance is known for ‘transforming the market through continuous innovation and discovery.

Company entered retail sector in 2005

Starting with a small textile manufacturing unit in Mumbai, Reliance carried out ‘backward integration’ – and entered the petrochemicals sector (which provides feedstock for textiles) and became the largest producer in the country. It then established the country’s largest oil refinery at its time and was expanded into the world’s largest oil refining complex. In ‘backward integration’ a company expands its role to fulfill the business functions involved in the supply chain. Reliance Group entered the retail sector in 2005 and is now the largest operator of kirana stores, brick-and-mortar stores and online retail in the country. Reliance started the telecom service Jio in 2016 and today it is India’s largest telecom service company. Reliance Jio is in third place in the whole world. Today Reliance is building big factories for new energy business and has also entered financial services.

Reliance is waiting for India to become the third largest economy

Reliance Chairman and Managing Director Mukesh Ambani said that we have shown the courage to set the standards high, and the ability to leap even higher to create new records. In this way Reliance has achieved continuous growth. He said that as India moves towards becoming the world’s third largest economy (from being the fifth largest economy), an unprecedented opportunity awaits Reliance. He said that Reliance can make a place among the top 10 business groups of the world and it will do so. However, he did not give any deadline for this. Today, Reliance is the largest company in the country in terms of revenue, profits and market valuation.

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