| Reliance Group | |
| Type: | Private |
| Industry: | Conglomerate |
| Predecessor: | Carved out from Reliance Industries |
| Founder: | Anil Ambani |
| Owner: | Anil Ambani (55.54%) |
| Location City: | Reliance Centre, Santacruz (East), Mumbai |
| Key People: | Anil Ambani (Chair, MD & Tina Munim Ambani (non executive director) |
| Products: | Financial services, construction, entertainment, power, health care, aviation, defense |
| Subsid: | |
| Location Country: | India |
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.[1] Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Home Finance, and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.[2]
See main article: Dhirubhai Ambani. 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.[3] [4] 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 $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.[5] On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.[6] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation. The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.[7]
| Date | Firm acquired | Renamed firm | |
|---|---|---|---|
| May 2000 | BSES[8] | Reliance Infrastructure | |
| Oct 2003 | FLAG Telecom, 207Mn$ | Reliance Globalcom | |
| July 2005 | Metro Adlabs (51% stake), 74Mn$ | Reliance Entertainment | |
| Apr 2008 | Lowry Digital USA, 7.5Mn$ | Reliance Big Entertainment | |
| May 2008 | Reliance Globalcom | ||
| Apr 2010 | Codemasters UK (50% stake) | Zapak | |
| Sept 2011 | Bloomberg UTV (66% stake) | Reliance Capital | |
| Mar 2015 | Reliance Infrastructure | ||
| Oct 2015 | Reliance Communication |