Mukesh Ambani Reorients Reliance In An Uncertain World
Reliance Raised Capital During The Pandemic
When Covid-19 hit, Mukesh Ambani-led Reliance Industries Limited, which topped the BT500 List of India’s most valuable companies, spent a good part of the time raising investor money for its telecommunications and retail businesses
Reliance: Investments Raised
Reliance managed to raise $20 billion for its digital services arm Jio Platforms, followed by another $6 billion for Reliance Retail Ventures
Prominent Names Among Investors For RIL
Investors in Reliance Industries included the likes of Facebook, Google, TPG, Silver Lake, KKR, Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s sovereign Public Investment Fund (PIF)
Reliance Industries: Diversified Portfolio
The conglomerate has diversified its portfolio and forayed into new businesses relevant to current times such as retail, renewable energy and telecom
Revenues Equally Divided Between Old And New
In 2014, more than 95 per cent of Reliance’s revenue came from older businesses. Currently, the company has pivoted and the revenues are equally divided between the old and new ventures
Reliance’s New Venture: FMCG
Most recently, Mukesh Ambani announced the launch of a FMCG business at the annual general meeting. He highlighted its objective is to develop and deliver affordable products which solve every Indian’s daily needs
Reliance: Strong Store And Digital Footprint
Reliance has its store footprint across categories such as grocery, electronics, fashion, pharma etc. They also have a strong presence in digital through e-commerce platforms like JioMart and Ajio
RIL To Invest In Renewable Energy
At the 2021 annual general meeting, Mukesh Ambani announced that RIL would invest $10 billion in renewable energy. This is a long-gestation foray and RIL’s balance sheet can easily fund this. RIL’s strategic advantage is that it has an integrated energy portfolio
RIL’s New Phase
With the old businesses of RIL bound to undergo transformation in a different world, they would have to be looked at differently. By any stretch, this has the makings of the most interesting and dramatic phase for RIL and at the helm of it all is Mukesh Ambani
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BT500 Special Issue now on stands
Magazine Story By: Krishna Gopalan Produced By: Anshula Raj Designed By: Mohsin Shaikh