- Business
- Reliance Industries Limited Reliance Industries Limited (RELIANCE.BO), India's largest private sector company by market capitalization, engages in diversified operations spanning energy, petrochemicals, refining, telecommunications, retail, media, and new energy businesses; it produces refined petroleum products, petrochemicals including polymers, polyesters, and elastomers, natural gas, synthetic textiles under the Vimal brand, digital services via Jio Platforms encompassing mobile telephony, broadband, and apps, retail through Reliance Retail's formats such as Reliance Fresh, Trends, and Digital, and emerging green energy solutions like solar modules and battery storage. Headquartered in Mumbai and founded in 1958 by Dhirubhai Ambani, the company operates world-class facilities including the Jamnagar refinery complex, the world's largest single-site refining hub, with primary markets in India and exports to over 100 countries across Asia, Europe, and the US.
Recent strategic developments include the January 2025 acquisitions of Reliance New Energy Battery Limited for advanced battery technologies and Lakadia B Power Transmission Limited to bolster power infrastructure, alongside the April 2025 purchase of KGTL to advance green hydrogen projects in Gujarat; the company incorporated Reliance Intelligence Limited in September 2025 to drive AI initiatives and formed a key partnership with Google in October 2025 for AI hardware acceleration and Gemini Enterprise adoption via Jio. In November 2024, Reliance completed a major joint venture with The Walt Disney Company merging streaming and TV assets valued at $8.5 billion, enhancing its media and entertainment portfolio under Viacom18 and Star India, while ongoing investments target net-zero emissions through giga-factories for solar cells, green fuels, and hydrogen energy. Subsidiaries like Jio Platforms and Reliance Retail further support its expansion into digital ecosystems and consumer markets.