- Business
- Reliance Industries Limited (RIGD.IL) is an Indian multinational conglomerate that operates across energy, petrochemicals, refining, oil and gas exploration and production, retail, telecommunications, digital services, media and entertainment, textiles, and new energy sectors; its core offerings include petroleum refining and marketing of fuels such as gasoline, diesel, aviation fuel, and liquefied petroleum gas through Reliance BP Mobility Limited, petrochemicals encompassing polymers, polyesters, elastomers, and intermediates produced at world-scale integrated complexes in Jamnagar, Hazira, and Nagothane, natural gas production from the Krishna-Godavari basin, retail through over 18,000 stores under brands like Reliance Retail, Reliance Fresh, Trends, and Digital, telecommunications and digital platforms via Jio Platforms providing mobile, broadband, enterprise connectivity, apps, and AI services, as well as media through Network18 and Viacom18, and emerging new energy solutions in solar, green hydrogen, battery storage, and biofuels. The company, founded in 1958 by Dhirubhai Ambani and headquartered in Mumbai, India, generates the majority of its revenue from the Oil to Chemicals (O2C) segment accounting for over 50%, followed by retail and digital services; it maintains primary operations in India with exports to global markets and subsidiaries including Jio Platforms Limited, Reliance Retail Ventures Limited, and Reliance Industrial Investments and Holdings Limited. Recent developments include the January 2025 acquisitions of Reliance New Energy Battery Limited for advanced battery storage technologies and Lakadia B Power Transmission Limited to bolster power infrastructure, a strategic AI partnership with Google announced in October 2025 offering free AI Pro access to Jio users and TPU cloud access for enterprises, the April 2025 acquisition of KGTL for green hydrogen transmission projects in Gujarat, completion of the Disney Star joint venture merger in November 2024 valued at $8.5 billion, and an agreement with Nvidia in October 2024 for Blackwell chips to support Jamnagar data centers, alongside ongoing expansions in sustainable energy led by Anant Ambani.