Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani.
History
Reliance Commercial Corporation was founded by
Dhirubhai Ambani in 1966 as a
polyester firm. It was renamed to Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers
Mukesh Ambani and
Anil Ambani, split Reliance Industries in December 2005.
Anil Ambani got the responsibility of Reliance Infocomm,
Reliance Energy, and
Reliance Capital. Reliance Group entered the power sector through
Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed the world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.
On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.
The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation. The production at Mihan-SEZ will begin with components for the
Dassault Rafale warplanes and
Dassault Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the
Nagpur unit in the coming years.
In March 2022, Anil Ambani stepped down from the boards of Reliance Infrastructure and Reliance Power.
In August 2024, SEBI banned Anil Ambani from the securities market for five years on charges of diversion of funds.
Major acquisitions
|
| Reliance Infrastructure |
| Reliance Globalcom |
Reliance |
| Reliance Big Entertainment |
| Reliance Globalcom |
| Zapak |
| Reliance Capital |
| Reliance Infrastructure |
| Reliance Communication |
See also
-
List of companies of India
-
List of largest companies by revenue
-
List of public corporations by market capitalization
-
Make in India
External links
[[Category:Reliance Group|01]]
