Reliance Industries Ltd: Indian conglomerate holding company
Reliance Industries Limited is the largest multinational company. They operating their services in and outside India. It is founded in 1966 in Mumbai, Maharashtra. They deals with several industries such as energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
Reliance is the most profitable company in India and second largest company in India in terms of revenue. It is a Fortune of 500 company. They have a market capital of Rs 457,386 crore. Reliance Jio makes a huge effects in telecom industry. Approximately 72 million Jio consumers have signed up fo Jio prime membership till 31st March.
They assumes that there will be an increase in the number of Jio subscribers in 2018, their target is 83 million paying subscribers with an average revenue per unit of Rs. 246 a month. After the coming of Jio Reliance Industries’ total market value rose to Rs. 4.58 lakh crore.
Their operation spans from the production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics.
There is a 5.49% increase in Gross sale from Rs. 2,51,241.crore to Rs. 2,65,041, compared to the previous year. Profit after tax reaches to 14.76% , in 2016 it was Rs. 27,384 crore and now it was Rs. 31,425 crore.