Reliance is one of the most trusted names in India. The Reliance Group is the largest private sector enterprise in India. Reliance was founded as Reliance Industries Limited by Dhirubhai H. Ambani. Reliance Industries is a Fortune 500 company.
Reliance began its enterprising journey in the late 1970s as a manufacturer of fabrics and suitings under the brand name of 'Vimal'. Backward vertical economies of scale has been the vital factor in Reliance Industries emerging as the leading private sector enterprise. 'Recron' a synthetic fiber has been developed by Reliance. Reliance Petrochemicals manufactures chemicals, plastic, polyester, and other intermediary fibers.
Reliance Petrochemicals is also into oil refining and distribution business. Its refinery in Jamnagar is the largest single location oil refining unit internationally. Reliance started its petroleum marketing business towards the middle of this decade. It is also into oil and natural gas exploration.
Reliance Communication commissioned in December 2002 was initially named Reliance Infocomm. The communication network is built on the backbone of 60,000 kilometer of optical fiber cables. The telecommunication solutions offered by Reliance
company include mobile service, land line service, broadband Internet connection, audio and video conferencing solution, leased line connection,
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virtual private network, office Centrex, Blackberry, and PCOs.
Reliance Energy Limited generates and distributes power in Mumbai, Delhi and parts of Orissa. Currently, Reliance Energy with a consumer base of about 5 million is one of the largest power generation company in the private sector.
Reliance Capital Limited established in 1996 focuses on the growth of its subsidiary units, and funds infrastructure projects. Till March 2005 its investment in infrastructure projects amounted to Rs.1071 crores.
In January 2006, Reliance Industries launched Reliance Retail Limited. The objective of this company is to create a retail chain of convenience stores, supermarkets, and specialty stores. Reliance Infrastructure Limited is into constructing roads and buildings for Jamnagar Special Economic Zone in Gujarat.
Reliance employs over 25,000 people. The groups turnover is around US$ 27 billion and its exports to over 100 countries are worth US $ 15 billion. Reliance Industries is ranked 269th in the Fortune 500 companies, and 182nd in the FT Global 500 companies.
Reliance Industries Limited has its corporate office in Makers Chambers - IV, Nariman Point, Mumbai - 400 021.
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