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Inthe partnership ended and Dhirubhai continued the polyester business of the firm. It established a synthetic fabrics mill in the same year at Naroda in Gujarat. The company held its Initial public offering IPO in Init became the first private sector company in India to be rated by international credit rating agencies.
The in-place volume of natural gas was in excess of 7 trillion cubic feet, equivalent to about 1. This was the first ever discovery by an Indian private sector company. In Strategic paper reliance industries ltd, Reliance entered the broadband services market with acquisition of Infotel Broadband Services Limited, which was the only successful bidder for pan-India fourth-generation 4G spectrum auction held by the government of India.
By the end of Januarythe company had bought back In Marchit had stores in India. Its clients are primarily pharmaceutical, biotechnology and medical device companies. It offers a range of products based on solar energy: Relicord is a cord blood banking service owned by Reliance Life Sciences.
It was established in The company is also engaged in related activities involving leasing and providing services connected with computer software and data processing. The pipeline carries petroleum products including naphtha and kerosene. It has commissioned facilities like the supervisory control and data acquisition system and the cathodic protection system, a jackwell at River Tapi, and a raw water pipeline system at Hazira.
It has interests in television, digital platforms, publication, mobile apps, and films. Employees As on 31 Marchthe company had 23, employees of which 1, were women and 83 were employees with disabilities.
It also had 29, temporary employees on the same date. But currently, the same attrition rate has gone up to This would be accompanied by increasing the staff strength in Retail division from existing strength of 35, toin next 3 years and increasing employees in Telecom division from existing 3, to 10, in 12 months.
After suffering a heart attack inhe handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. After the death of Dhirubhai Ambani inthe management of the company was taken up by both the brothers.
The share prices of RIL were impacted by some margin when this news broke out. Inafter a bitter public feud between the brothers over the control of the Reliance empire, mother Kokilaben intervened to broker a deal splitting the RIL group business into the two parts.
Younger brother Anil Ambani received telecom, power, entertainment and financial services business of the group.
The existing shareholders in RIL, both the promoter group and non-promoters, received shares in the de-merged companies.
Five main allegations concerning Reliance, and which have plunged the Indian capital markets into a period of uncertainty unsurpassed since the days of the securities scam were: Reliance issued fake shares.
It switched shares sent for transfer by buyers to make illegal profits. It has indulged in insider trading in shares. It attempted to monopolise the private telecom services market through front companies. SEBI probed transactions by entities that participated in and led to some three months of speculative rally after which the RPL stock surged to an all-time intraday high of Rs on 1 November It also found misuse of FII regulations.
In the settlement, it was also added that the brokerage will also pay Rs25 lakh towards settlement charges. The Sebi inquiry cited 20 irregularities, including the brokerage not informing clients about various charges at the time of opening accounts. Brokerage, not fully equipped to handle its customer base at the time, used the name Reliance Money at all its offices and on employee visiting cards, instead of Reliance Securities, which was the registered trading member, leading to confusion.Captive Jetties.
To encourage port-based industries, private companies have been granted permission to construct captive jetties on BOMT (Build, Operate, Maintain and Transfer) basis to cater to their import-export requirement. Oct 20, · Mukesh Ambani Group has funded Vinay Chajlani Group investing Rs 38 crore in Suvi Info through Aarthik Commercials Pvt Ltd.
Aarthik Commercials is a private company owned by Mukesh Ambani, as always through a web of front companies namely Reliance Petromarketing Infrastructure, Jamnagar Kandla Pipeline Co, Agni Fuels, Avalanche Fuels, Jubilant. The acquisition of Bombay Suburban Electric Supply Ltd. (BSES) in (eventually renamed Reliance Energy) marked the foray of Reliance Industries Ltd.
in power transmission and distribution business. Oil & Gas Industry in India. among others. Today, it attracts both domestic and foreign investment, as attested by the presence of Reliance Industries Ltd (RIL) and Cairn India.
oil exporter Saudi Aramco is planning to invest in refineries and petrochemicals in India as it looks to enter into a strategic partnership with the country. Contact address & numbers of Master Simex Paper Ltd., Dhaka, Bangladesh. Magdalla Port (GMB Jetty) Essar Bulk Terminal Ltd.
(Captive Jetty) Reliance Industries Ltd. (Captive Jetty) Reliance Industries Ltd. (SBM) (Captive Jetty).