15 main events in Ambani family's rise to the top

IN THE NEWS

15 main events in Ambani family's rise to the top

  • 1/15

1957 A return from Aden and start of an empireDhirubhai Ambani returns from Aden after working for a trading and oil bunkering port A. Besse and Co. This marked a start of the Ambani era.

  • 2/15

1966The birth of RelianceIn 1960s, Dhirubhai and his cousin Champaklal Damani co-founded Reliance Commercial Corporation which was into polyester business. In 1965, the partnership ended but Dhirubhai continued the business.

  • 3/15

1977Reliance goes publicDhirubhai Ambani made its initial public offering (IPO) on the Bombay Stock Exchange. The issue was subscribed seven times.

  • 4/15

1985A name changeReliance Textiles Industries Ltd was renamed as Reliance Industries Ltd

  • 5/15

1996First private company to be listed internationallyIn 1996, international credit rating agencies rated RIL as it became the first private sector company in India.

  • 6/15

1995-1996Reliance entered the telecom industryBetween the year 1995-96, Reliance in a joint venture with NYNEX entered the telecom sector as Reliance Telecom Private Limited

  • 7/15

1998-1999Reliance GasReliance introduced packaged LPG Gas cylinder under the brand: Reliance Gas

  • 8/15

2001Milestones achieved In this year, Reliance Industries Ltd. and Reliance Petroleum Ltd was among one of India's largest companies.

  • 9/15

2002Major gas discoveryReliance discovered gas in the Krishna Godavari basin which was India's first discovery by a private sector firm. 

  • 10/15

2005-2006Four major entitiesIn these two years, the company came to spotlight in four different sectors: power generation, power distribution, financial services and telecommunications.

  • 11/15

2006Reliance enters retail marketReliance marked its entry into organised retail market in India with the launch of 'Reliance Fresh'.

  • 12/15

2010Reliance Broadband Reliance entered the broadband sector with Infotel broadband services limited.

  • 13/15

2010Oil and gas businessIn the same year, Reliance announced partnership with Bharat Petroleum.

  • 14/15

2013 Retail stores In March 2013, Reliance Retail had as much as 1466 stores across the nation. The business was then the largest in India with brands like Reliance Footprint, Reliance Trends, Reliance Digital and Reliance Home Kitchen among others.

  • 15/15

2016 Reliance JioReliance Jio, a telecom venture with Mukesh Ambani's children Isha and Akash as directors became an overnight success. Mukesh Ambani launched Jio at the AGM on 1 September in 2016, with free Jio voice calling, messaging and roaming. Data plans were offered at 1/10th of the existing market prices.