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2024-03-21 21:29:16

Reliance Group

Indian conglomerate headquartered in Mumbai
Indian conglomerate headquartered in Mumbai
Reliance Group, formed after Dhirubhai Ambani's business split, led by Anil Ambani. Operates in finance, construction, entertainment, power, healthcare, manufacturing, defense, aviation, and transportation.
1958-01
Reliance Commercial Corporation (RCC) begins trading activities
Reliance Commercial Corporation (RCC) starts its business by exporting spices and other goods to the Middle East and East Africa. During this phase, the company works through partnership or proprietorship firms.
1960
Reliance Commercial Corporation established
Dhirajlal returns to India and starts a yarn trading business from a small office in Mumbai, partnering with Champaklal Damani. The business initially focuses on exporting spices and fabrics.
1964
Textile factory established in Naroda
Dhirajlal establishes a textile factory in Naroda near Ahmedabad.
1965
Partnership ends between Champaklal Damani and Dhirubhai Ambani
Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.
1966-05-08
Reliance Textile Industries Ltd incorporated as Mynylon Ltd
Reliance Textile Industries Ltd was incorporated in Karnataka state as a public limited company under the name Mynylon Ltd to manufacture synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells, and color TV picture tubes.
1966-07-01
Reliance Textile Industries Ltd amalgamated with Mynylon Ltd
Reliance Textile Industries Ltd was amalgamated with Mynylon Ltd.
1969
Reliance Exports incorporated
Reliance Exports was incorporated.
1973-05-08
Incorporation of Reliance Exports
Reliance Exports was incorporated.
1975-06-28
Conversion of RIL into a Public Limited Company
On June 28, 1975, RIL was converted into a public limited company, signifying a major transformation in its corporate structure.
1975-10-15
Incorporation of Subsidiaries by Reliance Group
On October 15, 1975, Reliance group incorporated Anil Fabrics, Dipti Textile Industries, and Nina Textile Industries as subsidiaries, expanding its business portfolio.
1977-01
Reliance switch to petrochemicals
In 1977, Reliance made a significant shift towards petrochemicals, leading to a rapid increase in the number of companies within the group. This marked a pivotal change in the company's focus and operations.
1977-11
Mynylon Ltd changes name to Reliance Textiles Industries Ltd
In 1977, Mynylon Ltd changed its name to Reliance Textiles Industries Ltd. The company was involved in manufacturing synthetic blended yarns, fabrics, polyester filament yarn, polyester staple fiber, chemicals, colour TV glass shells, and colour TV picture tubes. The company marketed its products under various brand names such as Texalit, Textron, Texlene, Poly dyed, polytwist, and VIMAL.
1979
Sidhpur Mills Merger with RIL
In 1979, Sidhpur Mills amalgamated with RIL through a merger, contributing to the expansion and consolidation of RIL's operations.
1985
Reliance Industries Limited established
In 1985, Reliance expanded into sectors adjacent to its textile business and became known as Reliance Industries Limited, marking a significant milestone in its growth and diversification.
1986
Reliance Industries Ltd. Becomes a Public Company
In 1986, Reliance Industries Ltd. became a public company, marking a significant milestone in its history. This move helped RIL to raise capital and expand its operations.
1987
Reliance Petrochemical Limited is incorporated
In 1987, Reliance Petrochemical Limited is established, signifying the company's expansion into the petrochemical sector.
1988-09
Incorporation of Reliance Industrial Infrastructure Limited (RIIL)
RIIL was incorporated in September 1988 as Chembur Patalganga Pipelines Limited with the objective of building and operating cross-country pipelines for transporting petroleum products. It later changed its name to Reliance Industrial Infrastructure Limited in March 1994.
1991
Reliance expansion into healthcare and telecommunications
From 1991 onwards, Reliance expanded its operations into healthcare and telecommunications, reflecting the company's move towards diversification and expansion in the liberalized Indian economy.
1992-09
Change of Name to CPPL Limited
The company's name was changed to CPPL Limited in September 1992.
1993
Reliance Refineries Public Offering
Reliance Refineries launches its public offering in 1993.
1994-03
Change of Name to Reliance Industrial Infrastructure Limited
The company's name was changed to its present name, Reliance Industrial Infrastructure Limited, in March 1994.
1995-01
Issuance of 14% secured redeemable non-convertible debentures
In January, the company issued 82,50,000 14% secured redeemable non-convertible debentures of Rs.100 each on a private placement basis with financial institutions, banks/bodies corporate. Additionally, on 23rd January, the Company allotted 600,00,000 - 14% Secured redeemable non-Convertible debentures with detachable Warrants of Rs. 12.50 each.
1995-06
Allotment of equity shares to the erstwhile shareholders of Reliance Polypropylene
In June, the Company allotted 995,75,915 No. of equity shares of Rs 10 each to the erstwhile shareholders of Reliance Polypropylene.
1996
RIL net profit surpasses Rs.1,000 crore
In 1996, Reliance Industries Limited (RIL) achieved a significant milestone as its net profit surpassed Rs.1,000 crore, marking an unparalleled achievement in the Indian private sector.
1997
Construction of India's Largest Oil Refinery at Jamnagar
Reliance Petroleum launches construction of India's largest oil refinery at Jamnagar in 1997.
1998
RIL Total Assets cross Rs. 35,000 crore and revenues cross Rs. 14,000 crore
In 1998, Reliance Industries Limited (RIL) achieved a significant milestone as its total assets crossed Rs. 35,000 crore and revenues crossed Rs. 14,000 crore.
1999
Reliance Petroleum Wins Bid for 12 Exploration Blocks
The company wins a bid for 12 exploration blocks auctioned off by the Indian government in 1999.
2000-05-10
Incorporation of Reliance Clinical Research Services
On May 10, 2000, Reliance Clinical Research Services was incorporated as a subsidiary, marking its entry into the clinical research sector.
2001
Reliance Industries and Reliance Petroleum become India's largest companies
In 2001, Reliance Industries and Reliance Petroleum achieved the milestone of becoming the largest companies in India, marking a significant growth and dominance in the business sector.
2002-04-01
IPCL merger with RIL
On April 1, 2002, IPCL merged with RIL, with a swap ratio of 1:5.
2003
RIL Record Net Profit
RIL becomes the first Indian private sector company to record net profit of over Rs 4,000 crore in one financial year in 2003.
2005-06-18
Split of Reliance Group
After the death of Dhirubhai Ambani, a feud between his two sons Mukesh Ambani and Anil Ambani led to the split of the Reliance empire. The deal was announced by their mother, Kokilaben, with Mukesh Ambani taking control of Reliance Industries and Anil Ambani gaining financial services businesses, power, entertainment, and telecoms.
2006-01-01
Reliance
Reliance Industries is a diversified conglomerate with business interests in petrochemicals, refining, oil & gas exploration, retail, and telecommunications.
2006-07-10
Split up
On July 10, 2006, a split up occurs.
2007-04-01
Merger of Indian Petrochemicals Corporation Limited with RIL
In April 2007, Indian Petrochemicals Corporation Limited (IPCL) merges with RIL, leading to an expected increase in RIL's share capital from Rs 1,393.5 crore to Rs 1,453.6 crore.
2007-10-18
RIL's Market Capitalization Milestone
On October 18, 2007, RIL achieves a significant milestone by becoming the first Indian company to breach US$100 billion market capitalization.
2009-03
Merger of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL)
The merger of Reliance Petroleum Limited (RPL) with Reliance Industries Limited (RIL) enabled seamless integration of operational scale and financial synergies that existed between the two Companies.
2009-11
Reliance Industries issued 1:1 bonus shares
In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders.
2010-01-01
Jio Financial Services
Jio Financial Services is a subsidiary of Reliance Industries, offering a wide range of financial products and services to individuals and businesses.
2011-03
Joint Venture with D E Shaw Group
RIL and D E Shaw Group form a joint venture to establish a financial services business in India, combining their expertise to offer a wide range of financial services in the Indian marketplace.
2011-04
Hydrocarbon Exploration
RIL engages in hydrocarbon exploration activities in India during April 2011.
2013-08-22
Archived Major Milestones on RIL.com
On August 22, 2013, major milestones were archived on RIL.com, showcasing the significant achievements of the company.
2014-12-09
RIL Acquires Control in Network18 Media & Investments Limited
Reliance Industries Limited (RIL) takes over control of Network18 Media & Investments Limited and its subsidiary TV18 Broadcast Ltd.
2015-12
RIL Wins Platts Global Energy Award
RIL receives the 'energy Oscars' Platts Global Energy Award for its strong corporate social responsibility role.
2016-12-27
Reliance Jio Launches Services to Employees and Partners
Reliance Jio launches its services to the group’s 80,000-odd employees and close partners, marking a significant milestone in the company's expansion and reach.
2017-10-28
Launch of Defense Production Unit in Mihan-SEZ Region
On 28 October 2017, Reliance Group launched construction of a defense production unit in Mihan-SEZ region, as part of a joint venture with French major Dassault Aviation.
2018
Jio Ranked No. 1 for Most Innovative Companies in India
In 2018, Jio, a subsidiary of Reliance Industries, ranked no. 1 for most innovative companies in India and announced a new Postpaid offering.
2019-11-07
Reliance Jio Infocomm Limited Disclosure Document
The disclosure document of Reliance Jio Infocomm Limited was retrieved from bseindia.com on November 7, 2019.
2019-11-08
Reliance Industries Ltd.
The information about Reliance Industries Ltd. provides insights into the company's operations and impact on the business environment.
2019-11-13
From 'Outsider' to Insider: The Case of Reliance
The article 'From 'Outsider' to Insider: The Case of Reliance' discusses the transformation of Reliance from an outsider to an insider in the business world.
2019-12-09
Reliance Clinical Research Services Private Limited
Reliance Clinical Research Services Private Limited was mentioned in an article retrieved on 9th December 2019 from zaubacorp.com.
2020-07-16
Google's Acquisition of Stake in Jio Platforms
On 16 July 2020, Google announced its acquisition of a 7.7% stake in Jio Platforms for ₹33,737 crore, solidifying the partnership between Jio Platforms and a major tech player like Google.
2021-04-22
RIIHL acquisition of Stoke Park Ltd
On 22 April 2021, RIIHL acquired the entire issued share capital of Stoke Park Ltd, a company that owns and manages sporting and leisure facilities in Stoke Poges, Buckinghamshire for £57 million.
2022-12
Reliance Industries Market cap stood at Rs.17,59,017.23 crore
In December 2022, Reliance Industries Market cap stood at Rs.17,59,017.23 crore.
2024-03
Reliance Industries partnered with Disney to introduce Reliance-Disney OTT platform
In March 2024, Reliance Industries partnered with Disney to introduce Reliance-Disney OTT platform.
End of the Timeline
Reliance Group

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Reliance Group

Indian conglomerate headquartered in Mumbai
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