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Reliance Industries Essay

2027 Words9 Pages

About Reliance Industries Reliance Industries Limited, a company founded by Dhirubhai Ambani in the year 1957, commonly known as RIL is the most profitable and second largest publicly traded company in India by market capitalization with annual revenue of $ 74.5 billion. It has its head quarter in Mumbai, Maharashtra and owns business across India including sectors like retail, telecommunication, energy, petrochemicals and textile. The company has ranked 114th on the Fortune Global 500 list of world’s biggest corporations in 2014 and it contributes about 20% of India’s total export. The company has a motto of “Growth is Life” which aptly covers the ever-evolving spirit of Reliance. There are approximately 3 million shareholders of the company, among which the Ambani family holds 45.34% and rest are held by public shareholders including FII …show more content…

They have committed to the principles of sustainability in their growth model and have taken various steps to help enhancing and conserve natural environment. They believe in creating sustainable solutions to enrich their stakeholder by generating values apart from innovating new product and services to improve quality of life and performance. They have their strong fundamental philosophy of Growth is Energy, Growth is Value, Growth is Happiness, Growth is Life which helps them to shape up their vision towards society. Reliance place sustainable development at the core of their business and aligned their sustainable strategy to their business goals. Their concern for safety, environment, and stakeholders are taken into account during their decision to build and develop projects. RIL therefore aim their development and growth in a responsible manner such that it meets all their stakeholders’

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