ICFAI BUSINESS SCHOOL (IBS)

Shankarapalli, Hyderabad, Telangana-501203

Report on Evolution and growth of Reliance

Industries

Submitted By:

Shivam Satya 76
Anjali Savjani 81
Apoorva Pattnaik 89
Chandrani Mukherjee 91
Shilpa Samanta 93

Submitted On- 25/07/2021

ICFAI BUSINESS SCHOOL (IBS)

Shankarapalli, Hyderabad, Telangana- 501203
Report on Evolution and growth of Reliance Industries

ABSTRACT
Reliance Industries is India's largest
private sector company on all major
financial parameters. In 2004 Reliance
Industries (RIL) became the first Indian
private sector organisation to be listed
in the Fortune Global 500 list. This
report gives us a detailed information
about the business history of reliance
industries and also talks about the
founder, his struggles and the decisions
made by Dhirubai Ambani who built an
empire that lives on after him. The
report also gives us the current status
of the reliance empire.

PREPARED BY:
Shivam Satya 76
Anjali Savjani 81
Apoorva Patnaik 89
Chandrani Mukherjee 91
Shilpa Samanta 93
Contents
Executive Summary.......................................................................................4

About the Founder:.......................................................................................6

The Growth:..................................................................................................14

The Business group and the industry:...........................................................16

The business group and its impact on the society:......................................19

Coping with changes:...................................................................................22

Events:.........................................................................................................24

Timeline of events:.......................................................................................26

Conclusion...................................................................................................28

Exhibits.........................................................................................................29

References:...................................................................................................31
Executive Summary

Reliance Industries Limited (RIL) is world's leading and India's fastest revenue generating
company. RIL group is a highly diversified group and is into multiproduct business-like oil
and gas exploration, retail of petroleum and consumer products and manufacturing of
petrochemical and refining and textile products. They are also operating in the
infrastructure and transportation sectors. The Reliance Group, founded by Dhirubhai H.
Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the
energy and materials value chain. Group's annual revenues are more than US$ 44 billion.
Reliance Industries Limited is a Fortune Global 500 company and is the largest private sector
company in India. Backward vertical integration has been the cornerstone of the evolution
and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a
strategy of backward vertical integration - in polyester, fibre intermediates, plastics,
petrochemicals, petroleum refining and oil and gas exploration and production - to be fully
integrated along the materials and energy value chain. The Group's activities span
exploration and production of oil and gas, petroleum refining and marketing,
petrochemicals (polyester, fibre intermediates, plastics, and chemicals), textiles, retail, and
special economic zones. Reliance enjoys global leadership in its businesses, being the largest
polyester yarn and fibre producer in the world and among the top five to ten producers in
the world in major petrochemical products. This report will focus on the evolution and
growth of Reliance industries.
Overview:
In 1966, Reliance
Textiles Engineers
Pvt. Ltd. was fused in
Maharashtra. It
setup manufactured
textures plant
around the same
time at Naroda in
Gujarat. On 8 May
1973, it became Reliance Industries Limited. In 1975, the organization extended its business
into materials, with "Vimal" turning into its significant image in later years. Today Reliance
Industries is India's biggest private area organization on all major monetary boundaries
Reliance Industries Limited (RIL) is an Indian global combination, settled in Mumbai. RIL's
different organizations incorporate energy, petrochemicals, flammable gas, retail, broadcast
communications, broad communications, and materials. Dependence is quite possibly the
most productive organizations in India. It is the biggest traded on an open market
organization in India by market capitalisation, and the biggest organization in India as
estimated by income after as of late marvellous the public authority controlled Indian Oil
Corporation. It is additionally the eighth biggest manager in India with almost 195,000
workers. On 10 September 2020, Reliance Industries turned into the principal Indian
organization to cross $200 billion in market capitalisation.

The organization is positioned 96th on the Fortune Global 500 rundown of the world's
greatest partnerships starting at 2020. It is positioned eighth among the Top 250 Global
Energy Companies by Platts starting at 2016. Dependence keeps on being India's biggest
exporter, representing 8% of India's complete product trades with a worth of ₹1,47,755
crore and admittance to business sectors in 108 nations. Dependence is liable for practically
5% of the public authority of India's all out incomes from customs and extract obligation. It
is additionally the most noteworthy pay citizen in the private area in India. In 2004 Reliance
Industries (RIL) turned into the primary Indian private area association to be recorded in the
Fortune Global 500 rundown.
About the Founder:

Dhirubhai Ambani (28 December 1932 – 6 July 2002) embodied the courageous enterprising
soul of a visionary consistently on the walk to change the fate of a country. His example of
overcoming adversity terminated the creative mind of an age of Indian business visionaries,
business pioneers and reformist organizations. For some, he stays a symbol, a good example
to be imitated.

An unbelievable money manager Dhirubai Ambani assembled such an extraordinary realm

that lives on after him. He had confidence in business venture and urged individuals to be
enthusiastic towards what they love. Dhirajlal Hirachand Ambani, brought into the world on
December 28, 1932, Chorwad, Gujarat, was Indian industrialist who was the originator of
Reliance Industries, a goliath petrochemicals, interchanges, force, and materials combination
that was the greatest exporter in India.

Dhirubhai Ambani gets back to India in 1957 after a spell with A. Besse and Co., Aden,
Yemen. He begins a yarn exchanging business from a little 500 sq. ft. office in Masjid
Bunder, Mumbai, yet fantasies about building up India's biggest organization.

At the point when Dhirubhai left on his first undertaking, he had a seed capital of scarcely
US$ 300 (around Rs 14,000). Throughout the following three and a half many years, he
changed over this juvenile venture into a Rs 60,000 crore goliath—an accomplishment which
acquired Reliance a spot on the worldwide Fortune 500 rundown, the principal ever Indian
privately owned business to do as such.

Dhirubhai is generally viewed as the dad of India's capital business sectors. In 1977, when
Reliance Textile Industries Limited originally opened up to the world, the Indian securities
exchange was a spot belittled by a little club of first-class financial backers which fiddled
with a modest bunch of stocks.

Unflinching, Dhirubhai figured out how to persuade countless first-time retail financial
backers to take an interest in the unfurling Reliance story and put their well-deserved cash in
the Reliance Textile IPO, promising them, in return for their trust, considerable profit from
their ventures. It was to be the beginning of one of extraordinary accounts of common regard
and equal increase in the Indian business sectors.
Under Dhirubhai's uncommon vision and initiative, Reliance prearranged one of the best
development stories in corporate history anyplace on the planet and proceeded to turn into
India's biggest private area endeavour.

Image 1: Dhirubhai Ambani- Founder of Reliance Industries

Vision Group philosophy

 To build a global enterprise for all our stakeholders, and

 A great future for our country,

 To give millions of young Indians the power to shape their destiny,

 The means to realize their full potential.

Ambani was the third of five youngsters brought into the world to a town teacher and his
significant other, and he experienced childhood in a group of unobtrusive means. At 17 years
old, he moved to the British state of Aden to join his sibling. He began his vocation as an
agent at A. Besse and Co., which during the 1950s was the biggest cross-country exchanging
firm east of Suez. There he got the hang of exchanging, bookkeeping, and other business
abilities. In 1958 Ambani got back to India and got comfortable Bombay (presently
Mumbai).

Ambani started a business exchanging flavours in the last part of the 1950s, calling his
beginning endeavour Reliance Commercial Corporation. He before long ventured into
different items, following a procedure of offering more excellent items and tolerating more
modest benefits than his rivals. His business developed rapidly. Subsequent to concluding
that the organization had gone the extent that it could with products, Ambani directed his
concentration toward engineered materials. He made his initial introduction to in reverse mix
with the kick-off of the main Reliance material plant in 1966. Proceeding with an approach of
in reverse combination and enhancement, he bit by bit formed Reliance into a petrochemical
behemoth and later added plastics and force age to the organization's organizations.

In 1977 Ambani took Reliance public after nationalized banks wouldn't back him. His
nimbleness in exploring a dull economy and devastating unofficial laws and organization
prompted claims of political control, defilement, and designed assaults on contenders, yet
financial backer trust in Reliance stayed unshaken owing to a limited extent to the attractive
profits the organization offered, just as the originator's moxy and vision. Ambani was
attributed with acquainting the securities exchange with the normal financial backer in India,
and thousands went to the Reliance yearly regular gatherings, which were at times held in a
game’s arena, with a lot more watching on TV. Ambani gave over the course of the everyday
running of the organization to his children, Mukesh Ambani and Anil Ambani, during the
1980s however kept on directing the organization until in no time before his passing in 2002.
 Board of Director’s:

1. Mukesh Ambani (Chairman & Managing Director)

2. Nita Ambani - (Non-Executive, Non-Independent Director)
3. Hital R Ambani Meswani- (Executive Director)
4. Nikhil R. Meswani (Executive Director)
5. P.M.S Prasad- (Executive Director)
6. P.K. Kapil
7. R.A. Mashelkar
8. Adit Zainulbhai

 Mukesh Ambani (Chairman & Managing Director)

Mr. Mukesh D. Ambani is a Chemical Engineer

from the Institute of Chemical Technology,
Mumbai (erstwhile the University Department
of Chemical Technology, University of
Mumbai). He pursued an MBA from Stanford
University in the US. He has been on the Board
of Reliance since 1977. He initiated Reliance’s
backward integration journey – from textiles to polyester fibres and further onto
petrochemicals and petroleum refining and going upstream into oil and gas exploration and
production. He created multiple new world-class manufacturing facilities involving diverse
technologies that have raised Reliance’s petrochemicals manufacturing capacities from less
than a million tons to about 21 million tons per year.
He also led Reliance’ development of infrastructure facilities and implementation of a pan-
India organized retail network spanning multiple formats and supply chain infrastructure.
Today, Reliance Retail is the largest organized retail player in India. He has created global
records in customer acquisition for Jio, Reliance’ digital services initiative. He led and
established one of the world’s most expansive 4G broadband wireless network offering end-
to-end solutions that address the entire value chain across various digital services in key
domains of national interest, such as education, healthcare, security, financial services,
government-citizen interfaces, and entertainment.
 Nita Ambani

(Non-Executive, Non-Independent Director)

Mrs. Ambani is an educationist,

humanitarian, money manager,
benefactor of human expressions, hero
of ladies and youngsters' privileges and
a prominent advocate of sports. She is
the Founder and Chairperson of
Reliance Foundation, which has
affected the existences of more than 45
million individuals across India through
its drives in Rural Transformation,
Health, Education, Sports for Development, Disaster Response, Arts, Culture and
Heritage and Urban Renewal.

 Hital R Ambani Meswani

(Executive Director)

Mr. Hital R. Meswani is a Management and

Technology move on from the University of
Pennsylvania (UPenn) in the USA. He got a
Bachelor of Science Degree in Chemical
Engineering from the School of Engineering
and Applied Sciences, UPenn, and a
Bachelor of Science Degree in Economics
from the Wharton Business School. He
joined Reliance Industries Ltd. (RIL) in 1990 and is the child of Mr. Rasiklal Meswani, one of
the Founder Directors of the organization.

 Nikhil R. Meswani
(Executive Director)
Mr. Nikhil R. Meswani (DIN
00001620) is a compound
specialist and the child of
Mr. Rasiklal Meswani, one
of the Founder Directors of
the Company. He joined
Reliance in 1986, and since
July 01, 1988, he has been
a Whole-time Director,
assigned as Executive
Director, on the Board of the Company. He is basically liable for the petrochemical’s
division and has made significant commitments towards Reliance turning into a
worldwide forerunner in petrochemicals.

1. P.M.S. Prasad
(Executive Director)
Mr. P.M.S. Prasad (DIN
00012144) has been a
Whole-time Director,
assigned as Executive
Director, of the Company
since August 21, 2009. He
has been with Reliance for
 around 40 years, standing firm on different senior footings in strands,
petrochemicals, refining and showcasing and investigation and creation
organizations of Reliance. Mr. Prasad holds four-year college educations in science
from Osmania University and in designing from Anna University.

 P.K. Kapil
(Executive Director)
Mr. Pawan Kumar Kapil (DIN 02460200)
was delegated as a Whole-time Director,
assigned as Executive Director, of the
Company with impact from May 16, 2010.
He holds a Bachelor's Degree in Chemical
Engineering, and has a rich encounter of
over fifty years in the oil refining industry.
Joining Reliance in 1996, he drove the
appointing and start-up of the Jamnagar
complex (J1). He was related with this
undertaking from origination to dispatching. He likewise assumed a main part in the
authorizing of the assembling activities in the Special Economic Zone at Jamnagar by
Reliance.

 R A Mashelkar

(Independent Director)

In 1998, Dr. Raghunath A. Mashelkar researcher got

J.R.D. TATA Corporate Leadership Award, a selective
honor held for Indian Corporates. In 1998, he was
additionally chosen Fellow of Royal Society, the
highest honor held for world's pathbreaking
researchers. He is a chief on sheets of India's driving
organizations, from Tatas to Reliance. 44 worldwide colleges have given privileged
doctorates to him. The Government's confidence in him appears through the twelve
powerful Mashelkar Committees, large numbers of them on quarrelsome issues.

 Adit Zainulbhai
(Independent director)
Adil Zainulbhai is an autonomous
Director on the Board of
Reliance. One of the world's first
experts, he is a mechanical
designing alumnus from IIT and
holds an MBA from Harvard.
During his 34-year spell at
McKinsey, he drove its
Washington office and
established the Minneapolis
office prior to resigning as the Chairman of McKinsey, India.
The Growth:

In numerous ways completely different

periods of its development from 1958 to
1990, through its moves from exchanging to
handling and fabricating exercises, and from
materials to petrochemicals, the direction of
the Dependence gather remained firmly tied
to that of the engineered materials industry in
India. Indeed, the development within the 1980s, in spite of the fact that basically exterior
the material industry appropriate, was based on items that were portion of the chain of
generation of manufactured materials.

In other words, manufactured materials given a common string to a handle of development

that took put along the crossing points of the material and chemical businesses, where the
moving weight was one of the highlights of Indian industrialization over the period. The way
of quick extension that Dependence took advantage of was made by the in general direction
of import-substituting industrialization based on a spread of innovation from progressed
capitalism.

The post-war period had seen the start of a fast change within the worldwide material
industry, which had until at that point been an amazingly slow-changing industry (Kroese
1971 and 1972; Strolz 1971; Thiriez 1970). Technological changes beginning within the
material apparatus and chemical businesses, the conditions of the Brilliant Age, and the
modern political setting of the world, were the driving strengths of these changes. The
expanding utilizes of synthetics as opposed to normal (and indeed rayon) fibers—polyester
being the foremost important—and the expanding speed of apparatus and utilize of more
up to date procedures like weaving were indications of the changes in material make that
were at first most stamped within the progressed economies. Nearby that, be that as it may,
was too a redistribution of the more customary spinning-weaving and cotton-based material
generation towards the immature economies.
To entirety it up at that point, the story that the Dependence gather scripted for itself over
its life span from its birth to 1990, a brief span of two and a half decades, had its objective
premise in variables generally beginning exterior the gather itself, where it had small
coordinate affect or impact. The way that Dependence taken after too ended up one of the
biggest trade bunches in India was a creation of the particular design of industrialization
within the post-independence period. Like other customarily overwhelming Indian trade
bunches, it utilized remote innovation as the premise for taking advantage of that way and
was not a mechanical trailblazer. Like them it moreover made noteworthy utilize of outside
finance—from both public-sector educate and the capital showcase within the 1980s.
Indeed, the boom within the capital issues showcase was something that had its premise
within the expanded centrality of the monetary investment funds of the family division,
which developed beginning within the late 1970s.

The victory that Dependence accomplished on the financing side, in combination with that
in securing endorsements, empowered Dependence to seek after a strategy—encompassing
the combination of businesses, degree of vertical integration, scales of generation and
innovation choices—different from that of any of its rivals. Separated from permitting the
gather to realize a bigger estimate, these moreover secured a conclusive advantage for
Dependence when the polyester industry faced difficulties since of overcapacity within the
late 1980s and a few firms turned wiped out.
The Business group and the industry:

 Exploration & Production

Reliance is one of the largest explorations and production players in India having a balanced
domestic conventional and unconventional hydrocarbon portfolio.

RIL’s upstream business comprises the complete chain of activity starting from exploration,
appraisal, development and production of hydrocarbons.

Reliance entered the Exploration and Production (E&P) business by becoming a 30% partner
in an unincorporated joint venture with Shell (erstwhile BG) and ONGC in the Panna Mukta
and Mid and South Tapti blocks. As of Jan 1st, 2020, our domestic portfolio comprises of
conventional oil and gas blocks in Krishna Godavari and Mahanadi basins and two Coal Bed
Methane (CBM) blocks, Sohagpur (East) and Sohagpur (West) in Madhya Pradesh.

Reliance Gas Pipeline Limited (RGPL), one of the subsidiaries of RIL operates 300 KM of
natural gas pipeline from Shahdol in Madhya Pradesh to Phulpur in Uttar Pradesh to transport
gas from RIL’s CBM blocks.

 Petroleum Refining &Marketing

Oil refining and advertising (R&M) is the second connection in Reliance's drive for
development and worldwide authority in the centre energy and materials esteem chain. The
Jamnagar producing division is the world's biggest refining centre. The whole refining
complex was inherent a record time at universally cutthroat capital expenses – indeed, at
costs a lot of lower than tantamount treatment facilities all throughout the planet. Its scale,
plan, adaptability, level of robotization and level of reconciliation proclaimed the manner in
which processing plants of things to come would be built. Fuels from Jamnagar treatment
facility are sent out to a few nations across the world. Dependence additionally has another
processing plant – the 6th biggest on the planet – in the Special Economic Zone at Jamnagar.
This treatment facility has a limit with regards to handling 580,000 BPD of rough.
  Textile

Their assembling division at Naroda houses one of the biggest and most present-day material
edifices on the planet, an accomplishment perceived by The World Bank. Through Vimal, we
acquired another time in textures. Vimal became a leader brand of Reliance, yet additionally
perhaps the most confided in brands the country. It is likewise the principal significant
corporate store in the country.

Their material division keeps on keeping up with its mechanical edge in obliging the
prerequisites of the always developing style industry. Their auto outfitting comprising of
jacquard weaving, sewing and end goal is quite possibly the most pursued via automobile
makers.

Items:

Textures: With more than 20,000 plan conceal blends created every year in light fleece,
polyester fleece and woollen, polyester gooey, and polyester cotton textures under the
VIMAL brand.

Clothing: Dependence's Vimal clothing range takes into account the flavour of the advanced
Indian and establishes the vibe for closet assortment in numerous families – be it business
formals or casuals, sport, or twilight dressing. Vimal routinely brings out snazzy shirts, shirts,
pants, pullovers, suits, coats and jackets, and cloth wear to offer a really sumptuous
assortment.

Auto furnishing: Dependence has been a pioneer in the field of marked upholstery and
materials since 1988.

 Petrochemicals

Dependence is the biggest maker of petrochemicals in the nation and among the best ten on
the planet. With a remarkable arrangement of B2B organizations spread across polymer and
polyester chains, Reliance delivers a broad scope of polymers, elastomers, polyesters,
aromatics, fibre-intermediates and progressed materials (composites). Dependence serves its
worldwide clients through a broad organization of workplaces, colleagues and merchants
spread across the world.
  Retail

Dependence Retail is the retail drive of the gathering and a focal point of our customer
confronting organizations. It has in a brief time frame manufactured solid and suffering
securities with a huge number of buyers by giving them limitless decision, exceptional offer,
unrivalled quality and unequaled experience across the entirety of its retail stores. Reliance
Retail has arisen as the accomplice of decision for worldwide brands and, As of March 31,
2021, Reliance Retail works 12,711 stores across 7,000+ urban communities with a retail
space of more than 33 million sq. ft.

 Digital

Jio Platforms Limited (Jio) is making a gigantic, advanced environment for a billion Indians
with area ability across business verticals in the stage organization. The stage organization
won't simply give elite fixed-portable united network, yet in addition computerized
arrangements across business verticals and the client life cycle.
The business group and its impact on the society:

Dependence's immediate commitment model offers different freedoms to enable the

minimized areas of society and have a significant effect in individuals' lives. Utilization of
innovation across projects and appropriation of inventive practices are forming future
systems and activities through which Reliance is presently ready to dramatically grow the
scale and speed of its scope and effect.

An enormous constituent of the local area with whom Reliance works comprises of
underserved individuals who frequently don't approach information or data on prescribed
procedures and keep on being helpless.

Through its drives in the circle of Rural Transformation, Health, Education, Sports for
Development, Disaster Response, Arts, Culture and Heritage, and Urban Renewal, Reliance
is making economical change.

Dependence's social drives have so far contacted 26 million individuals across India in excess
of 18,000 towns and 200 metropolitan areas.

It is advancement that changed Reliance+ - from a little material exchanging firm into India's
biggest private area endeavor and a Fortune 500 organization. From starting off the value
religion in India to setting up the world's biggest grassroots processing plant to now
introducing an advanced upheaval in India, Reliance has consistently exhibited that
development is in its DNA.

Innovation has been key to all that Reliance has at any point done. From our absolute first
material plant to the world's biggest greenfield treatment facility to our most recent telecom
business Jio – all use the best accessible innovation to make ageless resources that give long
haul gets back to partners.

Dependence is effectively associated with the advancement of novel and restrictive

impetuses, cycles and items to further develop benefit and speed up our development. Our
organization has progressed from a brilliant purchaser of innovation to a quick customizer of
innovation and is a lead engineer which gives business administration through to a great
extent in-house created innovation that makes critical worth. Research and development
empower the advancement-based development plan for Reliance.
Dependence Innovation Leadership Center

The Reliance Innovation Leadership Center (RIL-C) was set up to serve the development
vision of the gathering. The middle means to affect each component of the development
environment at Reliance – be it individuals or cycles, advances or new organizations.

Chosen Innovation Programs.

MISSION KURUKSHETRA

Mission Kurukshetra (MK) is a stage towards democratizing imagination and advancement

inside the association. Through the Mission Kurukshetra stage, our kin can offer thoughts and
keep tabs on their development straight up to execution.

BEYONDERS

The Beyonders program targets making advancement pioneers at Reliance by connecting

opportunity with development preparing. Likewise, the program offers the members chances
to lead generous advancement projects.

D4 (DEFINE DISCOVER DEVELOP DEMONSTRATE)

The D4 programme aims to create a drive for innovation within our people, ultimately
creating a vibrant culture of innovation. This programme is action-oriented – participants
identify innovation opportunities and are trained to use cutting edge innovation tools and
techniques to find innovative solutions.

LEAP

Jio LEAP was born with the aim of providing people at Reliance with access to global
thought and innovation leaders through interactive sessions. From industry captains to Nobel
Laureates, senior government officials to social crusaders, all have inspired and mesmerized
the people of Reliance through Jio LEAP.
7 INNOVATION HABITS

The seven advancement propensities program targets engaging passage level and center level
workers at Reliance with explicit development abilities and critical thinking capacities. It is
an intentional program open to all representatives across Reliance as a one-day development
studio.

Reliance innovation awards

The Reliance Innovation Awards perceive the soul of Reliance – to define quantum
objectives, be bolder than others, rehash and make the inconceivable conceivable. These are
yearly honors which salute and praise our development accomplishments.
Coping with changes:

Over the decades, the Reliance brand title has been a trendsetter within the Indian trade
ecosystem in various ways. The primary Reliance Industries’ IPO propelled in 1977 was
oversubscribed seven times and is broadly credited with making the value religion in India.
Forty-two a long time afterward, in 2019, the RIL got to be the primary Indian company to
cross the INR 10 Bn stamp in terms of the overall of advertise capitalization. With the
proverb of “innovation-led growth,” the RIL is once again on the travel to disturb the tech
industry of India. The positive thinking shared by chairman Ambani was reflected within the
financial specialist assumption of RIL’s stock performance.

 Jio: The Crown Jewel In Reliance’s Portfolio

As per the most recent information

discharged by RIL, the EBITDA for
computerized administrations hopped
from INR 15.1K Cr in FY’19 to INR
21.6K Cr in FY’20. Demonstrating
that the selection and utility of the
item within the advertise is
expanding. With the dispatch of other
subsidiary administrations such as Jio
TV, Jio Installments Bank,
JioMoney, JioSaavn, Jio Fiber, JioMart, JioMeet and others, the client engagement interior
the Jio web biological system is anticipated to rise at a phenomenal rate.

Separated from advanced administrations, sorted out retail is additionally booming for
Dependence. In spite of the fact that the current lockdown due to the y widespread is
anticipated to obstruct the quarterly execution of the retail fragment for the financial year
2021, the generally retail portion has seen commendable development in terms of income era.
Between the money related a long time 2018 and 2020, the normal yearly development rate
of income of Dependence Retail was 57% (EXHIBIT 1)
Another major example of Reliance coping with the changes in the recent times:

 Prior to this pandemic, RIL was not a liquid oxygen manufacturer, however their
engineer's seeing the current situation designed such facilitates.

RIL scales up COVID operations in Mumbai April 26, 2021, with 875 beds for COVID
patients, RIL makes the biggest commitment to COVID care in Mumbai by any charitable
organization. - Sir HN RIL Healing center will oversee a devoted 650-bed COVID care office
at National Sports Club of India, Worli, Mumbai - 100 Unused ICU beds being made by
Dependence Foundation - 100 beds being set up at Trident Inn, BKC, for asymptomatic
patients - ICU bed capacity increased at Seven Slopes Healing center to a add up to of 125
beds counting 45 ICU beds - All COVID patients at NSCI and Seven Slopes Clinic being
treated free of cost.
Events:

1. RIL CMD on new energy business

Dependence Industries (RIL) Chairman Mukesh Ambani on Thursday directed its 44th
comprehensive gathering where numerous plans were examined. Barely any significant
features of the regular gathering are as per the following,

In the organization's 44th yearly regular gathering (AGM) declared its introduction to the
new energy business. Here are the insights about oil to synthetics (O2C).

Aside from this, Ambani during his AGM discourse reported RIL's arrangements for the new
energy business. He said that RIL has set up the Reliance New Energy Council with probably
the best personalities, worldwide. The organization has begun work on fostering the
Dhirubhai Ambani Green Energy Giga Complex on 5,000 sections of land in Jamnagar.

Talking on RIL's retail arm, Ambani said regardless of testing and prohibitive working
conditions, Reliance Retail kept on conveying industry-driving returns. The organization
added 1,500 new stores, which is among the biggest retail extension attempted by any
retailer during this period, taking their store tally to 12,711.

Dependence Retail is focused on developing its business with the goal that it is among the
main 10 retailers all around the world. The administrator is certain that Reliance Retail is on
a hyper-development direction to develop essentially 3x in the following 3-5 years.

2. RIL CMD Mukesh Ambani on Reliance Retail

Mukesh Ambani said that in spite of testing and prohibitive working conditions, Reliance
Retail kept on conveying industry driving returns.

Dependence is adding 1,500 new stores, which is among the biggest retail development
attempted by any retailer during this.

Period, taking our store tally to 12,711. We proceed to keep up with and fortify our
administrative role. Today one in each eight Indians shops with Reliance Retail.
 3. RIL CMD Mukesh Ambani on apparel business

Ambani said that the organization's attire business sold almost five lakh units each day and
more than 18 crore units during the year.

He said that Ajio arose as one of the main advanced trade stages for style and way of life
with an arrangement of more than 2,000 marks and brands and posting of more than 5 lakh
choices.

"Driven by development, Ajio currently adds to more than 25% of our clothing business.

4. RIL CMD Mukesh Ambani on Reliance Retail's growth

Mukesh Ambani told that Reliance Retail continues to be amongst the fastest growing
retailers in the world.

Reliance is committed to grow our business so that we are among the top 10 retailers
globally. I am confident that Reliance Retail is on a hyper growth trajectory to grow at least
3x in the next 3-5 years.
Timeline of events:

1932 Prelude Dhirajlal Hirachand Ambani is born to a lower middle class schoolteacher's
family in Chorwad, Gujarat
1958 Reliance Commercial Corporation is established in partnership with
Champaklal Damani, Dhirajlal cousin. Initial exports include spices as well as
fabrics.
1964 Dhiraj Lal establishes a textile factory in Naroda near Ahmedabad.
Facility
1966 Reliance Textiles Industries Pvt Ltd is founded by Dhirubhai Ambani in
Founding Bombay & Reliance Textile Industries Ltd is amalgamated with Mynylon Ltd

1973 May 8 RIL is incorporated as Mynylon Limited in the State of Karnataka.

Incorporation
1977 The name of Mynylon Ltd changes to Reliance Textiles Industries Ltd.
Renaming See: Exhibit 2
1982  Dhirubhai Ambani elder son Mukesh is entrusted with the task and
Leadership begins by overseeing the first phase of a polyester filament yarn in
Patalganga, Maharashtra
 Dhirubhai Ambani younger son Anil joins RIL
1985, 27 June Reliance Textiles Industries Ltd changes its name to Reliance Industries
Renaming Ltd.
1987 Reliance Petrochemical Limited is incorporated.
Subsidiary
1995-1996 RIL enters the telecom industry through a joint venture with NYNEX and
Joint Venture promotes Reliance Telecom Private Limited in India.
1998 RIL enters the health-care sector with an initial investment of Rs.100 crore
Business and becomes joint trustee of Sir Hurkisondas Nurrotumdas Hospital at
Expansion Charni Road in Mumbai.
Reliance Industries Ltd. and Reliance Petroleum Ltd. become India's two
2000-2001 largest companies in terms of all major financial parameters
2002 RIL launches its own phone service, Reliance Infocomm, which would be
July 31 later renamed Reliance Communications Limited (popularly, R. Comm).
Expansion Beginning with Gujarat, the Infocomm revolution would cover thousands of
villages and hundreds of cities across India
2002 July Dhirubhai Ambani dies.
Leadership RIL is recognized among ten most creditworthy companies in Asia

2004 RIL acquires the polyester major Frankfurt-based Trevira, which has the
Acquisition capacity of 130000 tons per annum of polyester staple fibers polyester
filament yarns and polyester chips
2007 Telecommunications company Reliance Jio is incorporated as a subsidiary of
RIL.It operates a national LTE network with coverage across all 22 telecom
circles.
2015
LYF is established by Reliance Jio as a mobile handset company.
Subsidiary Headquartered in Mumbai, it manufactures 4G-enabled VoLTE smartphones
which run on Android

RIL wins 'energy Oscars' Platts Global Energy Award for robust corporate
social responsibility role
2019 RIL ranks 106th on the Fortune Global 500 list of the world's biggest
Recognition corporations as of date.
Conclusion

The incredible achievement of Reliance was a lot of a result of the pre-1991 system of Indian
private enterprise, however the gathering was likewise ready to utilize that accomplishment
as the establishment to profit enormously from the ensuing progression measure. This
obviously makes one wonder—was Reliance really an outcast which constrained its
direction into the Indian business first class by making business progress and defeating the
weaknesses of not being at first a piece of it? Or on the other hand was its prosperity itself
dependent on its figuring out how to turn into an advantaged insider and utilizing the means
made accessible by that advantage? On balance, apparently the Reliance story was a
particular impression of the way that in Indian free enterprise business achievement has
vigorously depended after getting implies—financing, innovation and state support—from
the outside instead of on making mechanical and administrative capacities inside firms that
would be restrictive in nature. Many, however, not all, more seasoned individuals from the
business tip top had the option to utilize definitely this component to change their
undertakings and develop even as the mechanical scene changed and the ventures in which
they had initially settled themselves declined in significance. Dependence's prosperity and
the manner in which it was accomplished, notwithstanding, serves to set up that the level of
impact told by a business firm didn't have a basic relationship with its past business
achievement, as the causality likewise worked the other way. The development of Reliance
and the endurance among the first class of those it joined consequently had normal roots—
featuring in the process the steadiness of the trade component in Indian free enterprise.
Given this, it can't actually be said that the ascent of Reliance was a declaration of a
principal change in the idea of India's entrepreneur class. That the capacity to impact
government choices has been a significant aspect of Reliance's prosperity even after 1991
(Guhathakurta 2014) would recommend that some fundamental highlights of Indian private
enterprise have endure the progress to advancement.
Exhibits :

Exhibit 1

Will Digital Become the Focal Point of

Reliance's Future?

Today, Reliance Jio claims the

conveyance chain of advanced
administrations through its
applications, the tech and cloud
framework for some, little and medium
organizations, on account of its Microsoft Azure association, just as the telecom or network
layer through Jio 4G and Jio Fiber. This makes an extremely modern client commitment
circle that is difficult to break once the entirety of its items and administrations arrives at a
minimum amount. Such adjusted vertical reconciliation by Reliance Jio is phenomenal on
the planet and will empower it to offer lower costs in advanced administrations and at last
imitation existing rivalry.

The benefit boost from the Jio biological system will be something which the world has
never seen, with the new venture from Facebook, the two organizations consolidated have
an armory of foundation and information which can be broke down to decipher and foresee
client personal conduct standards in a more precise way. Other than this, Reliance Jio
Platforms has raised INR 5,655 Cr from private value firm Silver Lake at a value worth of INR
4.90 Lakh Cr and a venture worth of INR 5.15 Lakh Cr. With this arrangement, Silver Lake
addresses a 12.5% premium to the value valuation of the Facebook speculation reported on
April 22, 2020, according to Bombay Stock Exchange (BSE) fillings.

The coalition with Facebook and the new ventures are to a great extent expected to support
Jio reception in country regions where Facebook administrations involve the essential online
experience for new-to-web clients. Indeed, even with a particularly forceful market
infiltration methodology, Reliance Jio is ready to make a computerized domain, any
semblance of which the world has never seen.
 Exhibit 2
Vimal, an iconic brand for
the past few decades, is
known as much for its
product quality as for its
innovative advertising. At
its core, the brand Vimal
stood for ‘fashion for the
young trendsetter’. In
keeping with today’s youth
and their expectations, the new brand Only Vimal will be tuned to their needs and
aspirations. It seeks to fulfil their requirements of fashion, styling and grooming in a relevant
and modern way. The company manufactures synthetic blended yarns and fabrics
polyester filament yarn polyester staple fiber chemicals and allied products colour TV glass
shells and colour TV picture tubes. Mynylon yarns are marketed under various brand names
such as Texalit, Textron, Texlene, Poly dyed and polytwist. The fabrics are marketed under
the brand name "VIMAL".
References:

 https://www.ril.com/
 https://journals.openedition.org/samaj/4278
 https://inc42.com/datalab/the-changing-nature-of-reliance-and-rise-of-the-jio-digital-
empire/
 https://en.m.wikipedia.org/wiki/Reliance_Industries#:~:text=In%201966%2C
%20Reliance%20Textiles%20Engineers,it%20became%20Reliance%20Industries
%20Limited
 https://www.capitalmarket.com/Company-Information/Information/About-
Company/Reliance-Industries-Ltd/476
 https://www.ndtv.com/business/stock/reliance-industries-ltd_reliance/reports
 https://www.theceo.in/leaders/an-overview-of-reliance-industries-limited
 http://www.ril.com/