Reliance
Industries Ltd. is a Mumbai-based conglomerate. The group is into
petrochemicals, gas and oil refinery, textiles, telecom and broadband, retail,
and special
economic zone development.
Reliance is
India’s second largest company in terms of revenues and is one of the largest
public companies in terms of market capitalization.
It is also the largest company in the private sector in terms of sales and
profits. In 2012, Reliance is in the 99th place in the Fortune
Global 500 list.
Petrochemicals
and gas and oil refinery are the core businesses of Reliance. The other
businesses with significant contribution to the Group’s success are the retail,
textiles and special economic zone development. Its retail business, Reliance
Retail, is now into fresh foods with Reliance Fresh.
In the next few
years, Reliance would enter the aerospace market. It will invest a total of $10
billion for the design, development and manufacture aerospace equipments and
components for both civilian and military aircraft. The Group created the
Reliance Aerospace technologies Pvt. Ltd. and the Reliance Security Solutions
Ltd. to take care of this new business venture. The application for industrial
license was filed in July 2012.
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