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Reliance Industries Limited (NSE: RELIANCE) is India's largest private sector conglomerate with an annual turnover of US$ 28 billion and profit of US$ 2.033 billion for the fiscal year ending in March 2006 making it one of India's private sector Fortune 500 companies. It was founded by the legendary Indian industrialist late Dhirubhai Ambani in 1966.

Though the company's oil-related operations forms the core of its business, it has diversified its operations in recent years. After severe differences between the founder's two sons, Mukesh and Anil Ambani, the group was divided between them in 2006.

Stock

 * According to the company website "1 out of every 4 investors in India is a Reliance shareholder." See:. Reliance has more than 3 million shareholders, making it one of the world's most widely held stock. Reliance Industries Ltd, subsequent to its split in January 2006 has continued to grow from strength to strength. Reliance companies have been among the best performing in the Indian stock market.

Products
Reliance Industries Limited has a wide range of products from petroleum products, petrochemicals, to garments (under the brand name of Vimal), Reliance Retailing has also lately entered into the fresh foods market as Reliance Fresh

Management
It is headed by Dhirubhai's son, Chairman Mukesh Ambani.

Subsidiaries

 * Reliance Petroleum Limited* Ranger Farms Limited
 * Retail Concepts and Services (India) Private Limited
 * [[Reliance Retail
 * Reliance Global Management Services (P) Limited

Environmental Record
As of July 2007 Reliance Industries has been looking for a new refinery in the US or Central America as the region has a major market for petroleum products. But Central America is a better option as the environmental norms there are not as stringent as in the US.

Corporate rankings

 * It featured in the Fortune Global 500 list of ‘World's Largest Corporations' for the fourth consecutive year


 * Ranked 269th in 2007 having moved up 73 places from last year.


 * Featured as one of the world's Top 200 companies in terms of Profits.


 * Featured among top 50 companies with the biggest increase in Revenues.


 * Their maiden CSR (2004-05) report was the first Corporate Sustainability Report from the Indian Oil & Gas sector. Further, this report obtained “in-accordance” 2002- guidelines status from the Global Reporting Initiative (GRI) - the official collaborating centre of the United Nations Environment Programme (UNEP)


 * RIL emerged as the second largest private sector company from India to feature in the 2007 Fortune Global 500 list (at rank 269) of the world's largest corporations.


 * RIL was featured on the Forbes Global 2000 list for 2005 at position 298.


 * RIL was the only Indian private sector company to be listed in the Top-500 companies in the world in terms of market value in Business Week's The Global 1000 List, July 2004.


 * Reliance emerged in top positions in Business Barons - TNS Mode Opinion Poll in August 2004

Reliance Retail
Reliance Retail is the retail business wing of the Reliance business. Many brands like Reliance Fresh,Reliance Footprint, Reliance Time out, Reliance digital, Reliance Wellness and Reliance Jewel come under the Reliance Retail brand. In November 2007, Reliance announced its foray into branded jewelery market.

Awards

 * International Refiner of the Year in 2005 at the 23rd Annual Hart's World Refining and Fuels Conference

Awards for managers

 * Mukesh D. Ambani received the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington in July 2007.


 * Mukesh D. Ambani was conferred the Asia Society Leadership Award by the Asia Society, Washington, USA, May 2004.


 * Mukesh D. Ambani ranked 13th in Asia's Power 25 list of The Most Powerful People in Business published by Fortune magazine, August 2004.


 * Mukesh D. Ambani was chosen Telecom Man of the Year 2004 by Voice and Data magazine, September 2004.


 * Mukesh D. Ambani is Economic Times Business Leader of the Year