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Reliance Anil Dhirubhai Ambani Group or abbreviated as Reliance ADA Group (ADAG) is headquartered in Mumbai. An Indian Conglomerate of companies, this establishment was formed in 2006 by Anil Ambani after the business of his father Dhirubhai Ambani was divided between him and his brother Mukesh Ambani. Following the split of Reliance Industries in December 2005, Anil Ambani got Reliance Infocomm, Reliance Energy and Reliance Capital. Here is an overview of top <keyword id="559059" type="PERSON" weightage="20" keywordseo="Anil-ambani-companies">Anil Ambani companies</keyword>. Reliance Infrastructure Formerly known as Reliance Energy Limited, Reliance Infrastructure Limited, and Bombay Suburban Electric Supply are Indian Private Sector Enterprises involved in power generation, defense, construction and infrastructure. Reliance Power Earlier, Reliance power limited was called as Reliance Energy Generation Limited. This company was created in order to establish, build, operate and maintain power projects in India and International markets. The company has the largest collection of power projects in the private sector in India that is based on thermal energy and renewable energy. Reliance Communications Reliance Communications is a highly popular network provider in India. In February 2019, this company went bankrupt as it could not sell its assets for the sake of repaying its debt. It was declared that the company has an asset worth of Rs.18,000 crores whereas the outstanding debts were Rs.50,000 crores. Reliance Capital Reliance Capital Limited is an India based financial services holding company with a diversified portfolio. A part of the Reliance Group, Reliance Capital is a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index. Reliance Naval and Engineering Identified as R-Naval, Reliance Naval and Engineering Limited was formerly known as Reliance Defense and Engineering Limited. This company is headquartered in Mumbai and is involved with Indian Ship Building and Heavy Industries. This establishment has one of the largest engineering infrastructures in the country. This is the first company from the private sector to get a contract and license for building warships. Reliance Entertainment Reliance Entertainment Private Limited manages the media and entertainment business of the Reliance Anil Dhirubhai Ambani Group. The services of the firm range over content and distribution platforms. Kokilaben Dhirubhai Ambani Hospital Kokilaben Dhirubhai Ambani Hospital is a high-quality tertiary care medical facility situated in Versova, Mumbai, India. This 750-bed multi-speciality hospital was first initiated by Nitu Mandke as a full-fledged and large-scale heart hospital but faced a troubled existence after his death in 2003. Reliance ADA Group of Anil Ambani completed it and named it after his mother Kokilaben Ambani. In 2016, the hospital made an announcement that it will establish about 18 cancer-care centres in the rural regions of Maharashtra. In 2018, Kokilaben Hospital has conferred an award as the Best Multi-specialty Hospitals during the Navbharat Healthcare Awards Summit. Reliance Health Insurance Limited A part of Reliance Capital, Reliance Health Insurance is one of the leaders in the private health insurance sector of India. It has more than 139 offices across India. Affordable health insurance plans and a wide range of options to choose from are the unique distinguishing features of this company.

Here's a look at all the companies that Anil Ambani owns

Reliance Industries Limited (RIL) is headquartered in Mumbai and is taken care by Mukesh Ambani, the elder brother of Anil Ambani and the son of late Dhirubhai Ambani after the division of the family businesses among the two brothers. RIL is a conglomerate holding company in India that has a wide portfolio of businesses ranging over energy, petrochemicals, natural resources, textiles, telecommunications and retail. RIL is the highest taxpayer in the Indian private sector and accounts for over 5% of the Indian Government’s revenues and about 8% of the total merchandise exports from India. Here is a list of <keyword id="7780054" type="UNKNOWN" weightage="20" keywordseo="mukesh-ambani-companies">Mukesh Ambani companies</keyword> under the Reliance Industries Limited. Reliance Retail The retail business segment of the Reliance Industries Group, this is the largest retail store network in India comprising of a number of cutting edge brands including Reliance Fresh, Reliance Time Out, Reliance Wellness, Reliance Autozone, Reliance Footprint, Reliance Mart, Reliance Home Kitchens, Reliance Digital, Reliance Trends, Reliance Super, Reliance iStore, Reliance Market (Cash n Carry) and Reliance Jewel. Reliance Life Sciences This company has its operations around medical, industrial and plant biotechnology domains. The specialty areas of this segment include branding, manufacturing, pharmaceuticals, bio-pharmaceuticals, biofuels, clinical research services, industrial and plant bio-technology, regenerative medicine, novel therapies and others. Reliance Logistics This is a single window company involved in the selling of products in the products related to distribution, warehousing, transportation, logistics, and supply chain. This is an asset based company owning its own infrastructure and fleet. This company offers logistics support to the Reliance Group of Companies and also other third party companies. Reliance Jio Infocomm Limited (RJIL) Earlier known as Infotel Broadband, Reliance Jio Infocomm Limited is a broadband service provider that has obtained 4G licenses for operating across India. This is the sixth largest mobile network operator in the world today with more than 306 million subscribers. Reliance Industrial Infrastructure Limited This is an associate company of RIL that holds about 45.43 percent shares of the RIL. This company is mainly involved in establishing and operating industrial infrastructure. The company is also engaged in connected activities including leasing and providing services related to data processing and computer software. The company has set up a pipeline carrying petroleum products from the Bharat petroleum refinery at Mahul, Maharashtra to Reliance’s petrochemical complex located at Patalganga, Maharashtra. Network 18 Network 18 is a mass media company that has its diversified activities in digital platforms, television, films and mobile apps. This company has acquired the ETV network and has some joint ventures namely Viacom 18 and History TV18. Reliance Solar A subsidiary of Reliance, Reliance Solar produces and sells solar energy systems to remote and rural areas of the country. The company offers a wide portfolio of products including solar lanterns, home lighting solutions, street light systems, water purifying systems, solar air conditioners, refrigeration systems, and many others based on solar energy. Relicord This is a blood banking service under the Reliance Life Sciences. This body has been licensed by the Food and Drug Administration, Government of India.

Here's a look at all the companies that Mukesh Ambani owns

New Delhi, <keyword id="6360090" type="DOMAIN" weightage="20" keywordseo="reliance-capital">Reliance Capital</keyword> (RCAP) debenture holders at their meeting held on January 5, passed the resolution with overwhelming majority for <keyword id="1187112" type="PERSON" weightage="20" keywordseo="monetisation">monetisation</keyword> of its <keyword id="41933" type="ORGANIZATION" weightage="20" keywordseo="assets">assets</keyword>. This comes on the back of shareholders having already approved RCAP monetisation. Reliance Capital had commenced its asset monetisation process - to unlock value of its underlying businesses which targets to make RCAP debt free. JM Financial Services Limited and SBI Capital Markets Limited ran an independent and transparent asset monetizsation process. Expression of interest for nine key assets was launched on October 31, 2020. EOI process received massive response for the nine key assets as multiple players have placed interest for each asset with some of them also expressing interest in all the assets. EOI applicants would now perform due diligence on each asset and submit binding bids for the nine key assets. Asset monetisation process is being run under the aegis of Committee of Debenture Holders and the Debenture Trustee Vistra ITCL India Ltd, which represents 93% of total outstanding debt of Reliance Capital. EOIs invited for all or part of RCL's stake in the following key subsidiaries and assets individually or in any combination thereof: 1. 100 per cent stake in <keyword id="157626" type="COMPANY" weightage="20" keywordseo="Reliance-General-Insurance">Reliance General Insurance</keyword> Company Limited (RGI). Paid up capital of Reliance General Insurance is ₹252 crore as of September 30, 2020. It is the fifth largest Private General Insurance Company with a market share of 4.5% as of March 20 in the Private General Insurance category. Consistent growth in AUM Year-on-Year with investment book of ₹12,315 crore as on September 30, 2020. Performed its best even during Covid times with Gross Direct Premium Income of ₹4,501 crore during the first six months of FY20-21. Strong distribution network of 134 branches with amongst one of the largest agency force of 46,742 as of September 30, 2020 across the country. 2. 51% stake in Reliance Nippon Life Insurance Company Limited (RNLI). Paid up capital of Reliance Nippon LifeInsurance is ₹1,196 crore as of September 30, 2020. RNLI is a joint <keyword id="6388493" type="COMPANY" weightage="20" keywordseo="venture">Venture</keyword> with Japan's largest life insurer - Nippon Life which holds 49% shareholding. It is the 10th largest Private Sector Insurer (in terms of Individual WRP) and amongst largest Non-Banca company with a network of 717 offices. Witnessed sharp turnaround in performance during FY19-20 with a profit after tax of Rs 35 crore and 75 per cent growth (12% CAGR) in Embedded Value over last four years. Impressive claim settlement ratio of 98.1% in FY19-20 and a higher Solvency ratio of 207% (as against regulatory requirement of 150%). As on September 30, 2020, the AUM was ₹21,912 crore. and an Individual Premium Market Share of 2.20% amongst private insurers. 3. 100% stake in Reliance Securities Limited - Broking and distribution company offering services across asset classes including equities, commodities, derivatives, currency, mutual funds, bonds and corporate FDs. 4. 100% stake in Reliance Financial Limited - RBI registered NBFC, engaged in the business of financing, money lending, capital market linked financing activities. 5. 49% stake in Reliance Asset Reconstruction Limited:  Manages portfolio of ₹1,996 crore as on September 30, 2020. Over 3.3 lakh customers across retail and SME segment, with dominant retail presence in South and West region. 6. 20 per cent stake in Indian Commodity Exchange. Other key shareholders in ICEX are Central Warehousing Corporation, MMTC Limited, <keyword id="6363556" type="DOMAIN" weightage="20" keywordseo="indiabulls">Indiabulls</keyword> Housing Finance Limited, Indian Potash Limited and Bajaj Holdings and Investments. ICEX is a SEBI regulated commodity derivatives exchange. 7. 100 per cent stake in Reliance Health Insurance Limited. 8. Other PE investments like Naffa Innovations Private Limited, Paytm E-Commerce Private Limited. RCL's key businesses and subsidiaries are performing well and business will continue as usual. The management, professional team, customer and partners will be unaffected by the proposed asset monetisation programme of RCAP. Resolution of Lending businesses of RCAP - <keyword id="857313" type="COMPANY" weightage="20" keywordseo="Reliance-Home-Finance">Reliance Home Finance</keyword> and <keyword id="3646337" type="COMPANY" weightage="20" keywordseo="Reliance-Commercial-Finance">Reliance Commercial Finance</keyword>. Reliance Home Finance (RHF) and Reliance Commercial Finance (RCF) are undergoing resolution under RBI circular dated June 7, 2019. Bank of Baroda is the lead banker under the ICA resolution process of both the lending entities. The transactions for both RCF and RHF are expected to be closed by March 31, 2021. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/india-may-be-considering-a-covid-cess-on-high-income-earners-aside-from-more-levy-on-fuel/articleshow/80208520.cms">India may be considering a COVID cess on high income earners — aside from more levy on fuel</a> <a href="https://www.businessinsider.in/tech/apps/news/with-whatsapp-popularity-hit-zoho-plans-to-launch-arattai-messaging-app/articleshow/80206802.cms">Zoho plans to woo WhatsApp defectors with its own messaging app Arattai</a> <a href="https://www.businessinsider.in/business/startups/news/2021-will-be-a-watershed-moment-for-india-tech-ecosystem-here-are-the-startup-sectors-that-vcs-are-betting-on/articleshow/80208631.cms">‘2021 will be a watershed moment for India’s tech ecosystem’ — here are the startup sectors that VCs are betting on</a> <a href="https://www.businessinsider.in/tech/gadgets/news/oneplus-band-with-24-hour-heart-rate-monitoring-14-days-battery-life-launched-in-india/articleshow/80209025.cms">OnePlus Band with 24-hour heart rate monitoring, 14 days battery life launched in India</a>

Reliance Capital debenture holders pave the way for asset monetisation

<ul><li> As many as 1.5 lakh of these employees were hired by Reliance Retail, the retail arm of RIL.</li><li>It claims that Reliance Retail is one of the biggest employers in India, with over 361,000 employees in total.</li><li>Reliance spent close to ₹18,775 crore ($2.4 billion) on employee benefits expense in FY2022.</li></ul>The Mukesh Ambani-led oil-to-chemical conglomerate Reliance Industries Limited (RIL) added over 2.1 lakh new employees on its payroll in the fiscal year 2022, the company said in a statement. As many as 1.5 lakh of these employees were hired by Reliance Retail, the retail arm of RIL. The company now claims that Reliance Retail is one of the biggest employers in India, with over 361,000 employees in total. “During the year, Reliance has also been able to generate significant employment opportunities for the people of our country and continues to remain amongst India’s largest private sector employers,” said RIL chairman Mukesh Ambani. “Over the past year, we added over 2.1 lakh new employees across our businesses with our consumer and technology business creating a large part of these new jobs,” he added. Reliance Industries Limited, on a consolidated basis, spent close to ₹18,775 crore or $2.4 billion on employee benefits expense between April 2021 and March 2022. This represents an increase of nearly ₹4,000 crore compared to the same time period in the previous year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Timeline </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employee benefits expense </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oct-Dec 2021 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,660 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jan-Mar 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,278 crore </td></tr></tbody><tbody></tbody></table>Source: Reliance Industries Limited (RIL) Reliance Industries Limited reported gross revenue of ₹792,756 crore (about $105 billion) in gross revenue in the fiscal year 2022. Its net profit stood at ₹67.845 crore in the same time frame. On a quarterly basis, the company reported ₹2.32 lakh crore )$30.7 billion) in revenue. The company reported a net profit of ₹18,021 crore ($2.4 billion) in January-March quarter, which is equivalent to the amount Reliance spent on employee benefits last fiscal year. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/retail/news/reliance-retail-hits-2-lakh-crore-in-revenue-adds-over-2500-stores-in-the-last-one-year/articleshow/91381054.cms">Reliance Retail hits ₹2 lakh crore in revenue, adds over 2,500 stores in the last one year</a> <a href="https://www.businessinsider.in/business/corporates/news/zomatos-deepinder-goyal-donates-stock-option-worth-700-crore-to-zomato-future-foundation/articleshow/91371003.cms" data-type="tilCustomLink">Deepinder Goyal donates his Zomato stock options worth ₹700 crore to offer free education for delivery partners’ children and more</a> <a href="https://www.businessinsider.in/stock-market/news/delhivery-ipo-size-cut-down-by-a-third-due-to-market-volatility-and-lic-ipo-say-analysts/articleshow/91348072.cms">Delhivery IPO size cut down by a third due to market volatility and LIC IPO, say analysts</a>

Reliance adds over 2 lakh new jobs in India in FY22 – every 3 out of 4 new jobs are from retail alone

<ul><li><keyword id="3820" type="General" weightage="50" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword>, Chairman and Managing Director, Reliance Industries Limited (RIL), stated at the <keyword id="883323" type="General" weightage="50" keywordseo="reliance-family" source="Orion">Reliance Family</keyword> Day Event that the next big cycle of growth in Reliance will not be Resource-driven but Innovation Driven. </li><li><keyword id="10924" type="General" weightage="100" keywordseo="ambani" source="Orion">Ambani</keyword> also added that Jio's 5G deployment will be complete in 2023. </li><li>Providing unique digital products and solutions to both domestic and international markets is the next big opportunity for India, according to Mukesh Ambani. </li></ul>Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited (RIL) said on Thursday that Reliance has begun implementing two important tasks of empowering young leadership and young talent. Speaking at the Reliance Family Day event, Ambani said, "First, we are empowering Reliance with new Leadership Capital especially with Young Leadership. Second, we are enriching Reliance with new Talent Capital again, with Young Talent." "I would like our leaders to accelerate this process throughout the organisation. All of us must realise that the next big cycle of growth in Reliance will not be Resource-driven but Innovation Driven", Ambani said. "Acutely aware of this opportunity and responsibility, Reliance has embarked on a journey of comprehensive self-transformation. The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade. In five years from now, Reliance will complete its fifty years", Ambani said. "Under Akash's Chairmanship, Jio is rolling out the world's best 5G network across India at a pace, which is faster than anywhere in the world. Jio's 5G deployment will be complete in 2023", Ambani said. But Jio Platforms should now get ready for India's next big opportunity - to provide unique digital products and solutions to both domestic and international markets, he added. "Under Isha, our Retail business has grown rapidly. It has emerged as one with the widest and deepest reach in India, across all product baskets. Most significantly, <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> has created over two lakh new jobs last year, becoming one of India's leading employers", Ambani said. "With Anant joining this upcoming Next-Gen business, we are making rapid progress in getting our Giga Factories in Jamnagar ready. From being India's largest and most valuable corporate, Reliance is now well on its way to also becoming India's 'Greenest' corporate", Ambani said. "2023 will also be a Year of Renewal and Revitalisation for Reliance Foundation. Under Nita's inspiring leadership, Reliance Foundation is working on even more ambitious new initiatives in education, healthcare, sports, women's empowerment and ecological conservation", Ambani added. "Today we have come together to celebrate Reliance Family Day to pay homage to our Founding Chairman <keyword id="5181595" type="General" weightage="50" keywordseo="shri-dhirubhai-ambani" source="Orion">Shri Dhirubhai Ambani</keyword> and to revel in the spirit of togetherness and oneness as one large Reliance Family...Dhirubhai's Family", Ambani said. "Years will roll. Decades will pass. Reliance will continue to grow bigger and bigger, Like the proverbial Banyan Tree", Ambani said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/most-booked-destinations-in-2022-as-per-oyo/articleshow/96588574.cms">Hyderabad, Texas, Bandung and London among most-booked destinations in 2022, as per OYO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indian-american-it-professional-convicted-of-making-illicit-profits-worth-7-3-mn/articleshow/96586256.cms">Indian-American IT professional convicted of making illicit profits worth $7.3 mn</a>

Years will roll, decades will pass and RIL will grow like a banyan tree: Mukesh Ambani

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Thomson ReutersMukesh Ambani, chairman of Reliance Industries Limited, poses for photographers before addressing the annual shareholders meeting in Mumbai</div></div></div>India's richest man Mukesh Ambani just launched the world's largest 4G LTE network through his telecom company, Reliance Jio.Reliance Jio will offer free voice calls, text messaging, and roaming when it makes its new network available on September 5 to 90% of India's population, or 1.126 billion people, with super fast LTE data that peaks at 135 Mbps.How much per gigabyte? 50 Rupees, or $0.75, per gigabyte of data.That's insanely cheap even by India's telecom standards, as Reliance Jio is apparently charging one-tenth of what other Indian carriers charge, according to <a href="http://timesofindia.indiatimes.com/tech/slideshows/Reliance-Jio-9-things-it-offers-to-customers/itslideshow/53959823.cms">The Times of India</a>. And students will also get an extra 25% of data free. It's a big deal, as it gives a large number of India's population access to fast, reliable internet, which is a sparse commodity in the country. Access to the internet offers several benefits, especially for those whose exposure to the world around them is relatively limited.Reliance Jio also helps get those who can't afford expensive devices to access the internet with its own line of inexpensive smartphones called Lyf. It's a similar concept to Google's Android One initiative, which offers cheap smartphones to get as many people connected to the internet as possible. Now that 4G LTE will soon become widely available for low rates in India, all while offering free basic communication services such as calling and text message, large numbers of people who couldn't afford premium devices or data services can potentially access the internet.The news of Reliance Jio's new network and plans is supposedly shaking up the other three main wireless carriers in India, including Airtel, Vodafone, and Idea to adjust their own plan pricing, according to <a href="http://mashable.com/2016/09/01/reliance-jio-launch-tariff-plans-india/#9LZH.1.qfPqX">Mashable</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/real-estate-bizarre-house-san-francisco-california-suburb-2016-7">No one wants to buy this bizarre house in a wealthy San Francisco suburb</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="hmdzcxNTE64DFq4MmhnQPHwo6CHUK3mS" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

India's richest man just launched the world's largest 4G LTE network

New Delhi, Reliance Capital's (RCAP) expression of interest (EOI) for asset monetisation garnered mega response with 60 bids being received. <keyword id="13222" type="DOMAIN" weightage="20" keywordseo="SBI">SBI</keyword> Life and Apollo are among the 10 new bidders who have submitted expressions of interest for Reliance Capital's assets, taking the total number of bids to 60. December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17. Over eight bidders have bid for entire RCAP assets on an as-is-where-is basis. The prominent among them are Oaktree, J.C. Flower and multiple ARCs. For Reliance General Insurance, which is owned 100% by RCAP, there are 18 bidders and prominent among them are, Chryscap, J.C. Flower, Blackstone, KKR, CVC Capital Partners, and Bain Capital. For Reliance Nippon Life Insurance, in which RCAP owns 51% controlling stake, has received 16 bids, including Bain Capital, NIIF, Arpwood Partners, Dabur Investments, Bandhan Bank, and <keyword id="884924" type="COMPANY" weightage="20" keywordseo="Multiples-Asset-Management">Multiples Asset Management</keyword> among others. For Reliance Securities, there are eight bidders, including Bain Capital, Religare Broking, Edelweiss Securities and other ARCs. For Reliance ARC, there are six bidders, including Bain Capital, International Asset Reconstruction Company and other ARCs. For Reliance Health, there are eight bidders - Blackstone, Bain Capital, Arpwood Partners, and other ARCs. There are also multiple bidders for RCAP's stake in ICEX and Paytm E-commerce business. Reliance Capital asset monetization process, to unlock value of its underlying businesses and to make RCAP debt free, was launched on October 31, 2020. The monetization process being run under the aegis of Committee of Debenture Holders and <keyword id="10477607" type="COMPANY" weightage="20" keywordseo="the-debenture-trustee-vistra-itcl-india-ltd">the Debenture Trustee Vistra ITCL India Ltd</keyword> - which represents 93% of total outstanding debt of Reliance Capital. EOIs were invited for all or part of RCL's stake in the following key subsidiaries and assets individually or in any combination thereof. This includes 100% stake in Reliance General Insurance Company Limited (RGI). It has a paid up capital of Reliance General Insurance is ₹252 crore as of September 30, 2020. It is the 4th largest <keyword id="10477608" type="COMPANY" weightage="20" keywordseo="private-general-insurance-company">Private General Insurance Company</keyword> with market share of 4.5% as of March 2020 in the General Insurance category. It has shown consistent growth in AUM Year-on-Year with investment book of ₹12,315 crore as on September 30, 2020. The company performed its best even during COVID times with Gross Direct Premium Income of ₹4,501 crore during the first six months of FY20- 21. It has a strong distribution network of 134 branches with amongst largest agency force of 46,742 as of September 30, 2020 across the country. Bids have been invited for 51% stake in <keyword id="10203731" type="COMPANY" weightage="20" keywordseo="reliance-nippon-life-insurance-company-limited">Reliance Nippon Life Insurance Company Limited</keyword> (RNLI). The paid up capital of Reliance Nippon Life Insurance is ₹1196 Cr. as of September 30, 2020. RNLI is a joint Venture with Japan's largest life insurer - Nippon Life which holds 49 % shareholding. It is the 10th largest <keyword id="10203730" type="COMPANY" weightage="20" keywordseo="private-sector-insurer">Private Sector Insurer</keyword> (in terms of Individual WRP) and amongst largest Non-Banca company with a network of 717 offices. It witnessed sharp turnaround in performance during FY19-20 with a profit after tax of ₹35 crore and 75% growth (12% CAGR) in embedded value over last four years. It has an impressive claim settlement ratio of 98.1% in FY19-20 and a higher Solvency ratio of 207% (as against regulatory requirement of 150%). As on September 30, 2020, the AUM was ₹21,912 crore and an individual premium market share of 2.20% amongst private insurers. Bids have been invited for 100% stake in Reliance Securities Limited - Broking &amp; distribution company offering services across asset classes including equities, commodities, derivatives, currency, mutual funds, bonds and corporate FDs. Also on offer is a 100% stake in Reliance Financial Limited - RBI registered NBFC, engaged in the business of financing, money lending, capital market linked financing activities, 49% stake in Reliance Asset Reconstruction Limited which manages portfolio of ₹1,996 crore as on September 30, 2020. A 20% stake in Indian Commodity Exchange is also being bid. Other key shareholders in ICEX are Central Warehousing Corporation, MMTC Limited, Indiabulls Housing Finance Limited, Indian Potash Limited and Bajaj Holdings and Investments. ICEX is a SEBI regulated commodity derivatives exchange. There is also 100% stake in Reliance Health Insurance Limited. Other PE investments like Naffa Innovations Private Limited, Paytm E-Commerce Private Limited. RCL's key businesses and subsidiaries are performing well and business will continue as usual. The management, professional team, customer and partners will be unaffected by the proposed asset monetisation programme of RCAP. 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Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

Integrated manufacturing solutions company <keyword id="6521648" type="General" weightage="50" keywordseo="sanmina-corporation" source="Orion">Sanmina Corporation</keyword> and <keyword id="10849195" type="General" weightage="50" keywordseo="reliance-strategic-business-ventures-limited" source="Orion">Reliance Strategic Business Ventures Limited</keyword> (RSBVL), a wholly-owned subsidiary of <keyword id="10926" type="General" weightage="50" keywordseo="reliance" source="Orion">Reliance</keyword> Industries Limited (RIL), on Tuesday announced the completion of their joint venture transaction. The joint venture will create a world-class electronic manufacturing hub in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>, in line with Prime Minister Narendra Modi's 'Make in India' vision. All the manufacturing will take place at <keyword id="315784" type="General" weightage="100" keywordseo="sanmina" source="Orion">Sanmina</keyword>'s 100-acre campus in Chennai, with the ability for site expansion to support future growth opportunities as well as to potentially expand to new manufacturing sites in India over time based on business needs, the companies said in a statement. The day-to-day business will continue to be managed by Sanmina's management team in Chennai. The joint venture will prioritise high technology infrastructure hardware, for growth markets, and across industries such as communications networking (5G, cloud infrastructure, hyperscale data centers), medical and healthcare systems, industrial and cleantech, and defence and aerospace. "In addition to supporting Sanmina's current customer base, the joint venture will create a state-of-the-art 'Manufacturing Technology Center of Excellence' that will serve as an incubation center to support the product development and hardware startup ecosystem in India, as well as promote research and innovation of leading-edge technologies," said the companies. Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the communications networks, cloud solutions, industrial, defence, medical and automotive markets. Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Companies' for 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/national-green-tribunal-slaps-telangana-with-a-3800-cr-fine-for-waste-management-failure/articleshow/94636341.cms">National Green Tribunal slaps Telangana with a ₹3,800 cr fine for waste management failure</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-5g-prices-may-be-affordable-for-now-but-expected-to-increase-after-wider-rollout/articleshow/94636173.cms">Reliance Jio and Airtel 5G prices may be affordable for now but expected to increase after wider rollout</a>

RIL, Sanmina completes JV to build manufacturing hub in India

<keyword id="10926" type="General" weightage="100" keywordseo="reliance" source="Orion">Reliance</keyword> Consumer Products Limited, the FMCG arm and a wholly-owned subsidiary of Reliance Retail Ventures Limited, on Tuesday announced a strategic partnership with Sri Lanka-headquartered <keyword id="16311795" type="General" weightage="80" keywordseo="maliban" source="Orion">Maliban</keyword> Biscuit Manufactories (Private) Limited (Maliban). Maliban, a biscuit manufacturer, is well known for last 70 years for its range of quality products including biscuits, crackers, cookies and wafers. In addition, the company has expanded its products reach to global markets and exports to over 35 countries across five continents. "With a leading market position, Maliban has deep-rooted heritage and credibility. With this strategic partnership between RCPL and Maliban, we will not only be strengthening our FMCG portfolio through a great brand but will also be able to offer an excellent value proposition through quality products to our Indian consumers," said <keyword id="617730" type="General" weightage="50" keywordseo="isha-ambani" source="Orion">Isha Ambani</keyword>, Executive Director, Reliance Retail Ventures, in a release. "Being the custodian of several widely known global brands in India, Reliance is well-positioned to further expand the excellent consumer equity and reach that Maliban has built over 70 years," Isha Ambsaid. The vision of Reliance's FMCG arm is to bring to Indian consumers a bouquet of domestic and globally recognised consumer brands and product choices that offer superior value proposition with exceptional quality. It launched its packaged consumer products brand, 'Independence' in December 2022 and is creating a distinct and dedicated retail distribution network for its fast-expanding FMCG portfolio. <keyword id="6865480" type="General" weightage="50" keywordseo="rrvl" source="Orion">RRVL</keyword>, through its subsidiaries and affiliates, operates more than 16,500 own stores and partners with over 2 million merchants across Grocery, Electronics, Apparel, Pharmacy, lingerie, home and furnishing, beauty and personal care. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/godrej-consumer-products-q3-profit-rises-3-5-to-546-crore/articleshow/97485680.cms">Godrej Consumer Products Q3 profit rises 3.5% to ₹546 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/india-emerged-as-global-ma-hotspot-in-2022-bain-company-report/articleshow/97490051.cms">India emerged as global M&amp;A hotspot in 2022: Bain &amp; Company report</a>

You Searched For "Reliance India Limited" and got 9 results

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Reliance Capital asset sale: SBI Life and Apollo join the race, nearly 70 bids received so far

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RIL, Sanmina completes JV to build manufacturing hub in India

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Reliance Consumer Products enters into strategic agreement with Sri Lankan biscuit maker Maliban

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