Reliance Group is an Indian conglomerate, headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani.[2] Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Home Finance, Reliance Health, and Reliance MediaWorks. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.[3]
History
Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It was renamed to Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005.[4][5] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, and Reliance Capital. Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed the world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.[6] On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.[7] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation. The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.[8]
In March 2022, Anil Ambani stepped down from the boards of Reliance Infrastructure and Reliance Power.
In August 2024, SEBI banned Anil Ambani from the securities market for five years on charges of diversion of funds.[9]
Major acquisitions
See also
External links
References
- Arun New Delhi M. G.. Anil Ambani: The Fall of a Billionaire India Today, retrieved 26 April 2020^
- Reliance ADAG - Reliance Anil Dhirubhai Ambani Group India - Reliance ADA Group Profile Iloveindia.com, 21 July 2007, retrieved 14 August 2010^
- Here's a look at all the companies that Anil Ambani owns Business Insider, retrieved 28 October 2019^
- Mukesh to double enterprise value to US$160 bn: Rediff.com Business Rediff.com, 18 June 2010, retrieved 14 August 2010^
- Reliance set to split between Anil and Mukesh Ambani – Central Government may intervene! IndiaDaily, retrieved 14 August 2010^
- Reliance Power, Shanghai Electric ink $8.3 bln deal Reuters.com, 28 October 2010, retrieved 28 July 2016^
- Reliance-Dassault JV to start output in Q1 of 2018 The Times of India, 28 October 2018, retrieved 29 October 2017^
- Derick John. RELIANCE Institutional Ownership - RELIANCE INDUSTRIES LTD. fintel.io, retrieved 26 April 2020^
- Sebi ban on Anil Ambani, and his Reliance Group's many troubles: A timeline Business Standard, retrieved 11 November 2024^
- Reliance Group Takes over BSES – Reliance Anil dmsumra 7Dhirubhai Ambani Group India – Reliance Group Profile The Economic Times, 10 June 2003, retrieved 9 October 2019^
- ED Raids Anil Ambani Group, Yes Bank in ₹3,000 Cr Loan Fraud, Money Laundering Case Deccan Herald, retrieved 2025-07-25^