Reliance Industries Limited-The stories and fighting all odds
The biggest Enterpreuner of 20th Century is undoubtly MR. Dhirubhai Ambani. He started a company which is today the biggest company of India.
The journey of Reliance Industries Limited (RIL) can be divided in 4 phases, each phase saw risks, courage, skill and shrewdness.
Inception of the Reliance Industries and First Controversy
Reliance was founded by Dhirubahi Ambani with Champaklal Damani in 6th decade of 19th Century. Business was not registered as Company and the partnership was known as Reliance Commercial Corporation. The partnership failed and differences raised between both the partners, finally the partnership ended in 1965. Dhirubhai Ambani continued the polyster business.
In 1966, Reliance Textiles Industries Pvt Ltd was registered.
Rise and Success of Business and capturing the Textile Market
Company was doing well in polyster market, but the major success came when Reliance started operating in textile business. The brand VIMAL was established in 1975 and Reliance saw big success.
In 1976, Reliance brought the IPO, Initial Public Offer (IPO) was very successful with 7 times subscription.
Continuing Success and Entering Petrochemical Business
It was the year 1985, when the name of the company was changed to Reliance Industries Limited. Company expended its polyster yarn production many fold and as of today, Reliance Industries Ltd is the biggest and largest polyster producing company in the world.
Reliance entered petrochemical business and Hazira petrochemical plant was commissioned in 1992. The biggest petrochemical complex was contructed by Reliance Industries Limited in Gujarat.
Change in Management and Death of Dhirubhai Ambani-The Brothers Fight
Dhirubhai Ambani died in 2002. Two brother Mukesh Ambani and Anil Ambani had difference on the ownership of company. The Ambani family holds 45% of shares and difference grew, the shares of Reliance Industries tanked after the news was announced in public. Later the mother of Mukesh Ambani and Anil Ambani, Kokila Ben made brothers to negotiate.
Reliance Industries was demerged in 4 other companies. The 4 demerged companies were transfered to ownership pf Anil Dhirubhai Ambani and Reliance Industries Limited remained in hands of Mukesh Ambani.
Reliance Industries Limited made the biggest discovery of Gas in at the Krishna Godavari basin. This was the first ever discovery by an Indian private sector company.
The major Statistics of Reliance Industries Limited
Number of Subsidiary Companies under RIL - 123
Number of Associates Companies- 10
Number of Employees - 25000
Market Capital of Reliance as on Date of publishing this article - 322,373 Crore
Shareholding Pattern of promoters as on 31/03/2014 - 45.31%
if both the brother remains together this company may rise more and more this company may develop by many fold.