9 Facts About Mukesh Ambani’s Reliance Industries Limited You Didn’t Know

We unknowingly consume a lot of Reliance Industries services or products in one form or another. Whether you’re streaming Shark Tank on Voot, utilizing the web via Jio, or downloading music on JioSaavn. Reliance Industries Limited, which Dhirubhai Ambani founded, has contributed much to the nation and developed significantly under the leadership and influence of Mukesh Ambani. We are going to share a few fascinating pieces of information about Mukesh Ambani’s Reliance Industries recently that you might not be aware of.

Here are some interesting facts about Mukesh Ambani’s Reliance Industries Limited:

1. Dhirubhai Ambani started Reliance by selling spices

Most people think Reliance started its business with garments but it started with spices. Dhirubhai Ambani, the chairman of Reliance Industries, started selling spices. Later the business was diversified into oil, textiles, and gas, among others.

2. The first Indian company to announce its IPO

By disclosing its IPO in 1977, Reliance Textile Industry helped establish the corporate mindset in India. It is the very first business in India to launch an IPO in India and introduce the equity culture. The IPO received a 7-fold increase in demand. In 1988, 11 years following Reliance’s initial public offering, SEBI was established.

3. Mukesh Ambani’s Reliance Industries Limited spent around 921 crore rupees on corporate social responsibility CSR

Each business has a corporate social responsibility (CSR). During the fiscal year 2020–21, Reliance Industries Limited, owned by Mukesh Ambani, invested about 921 crore rupees in a variety of CSR programs. The CSR initiative of the company prioritizes women empowerment, rural transformation, health, education, etc.

4. Reliance is known to be one of India’s largest mango producers

Reliance’s Jamnagar plant was producing just too much smog in 1997. The Pollution Control Board issued multiple cautions to the facility. But by turning the wastelands near the refinery into a green belt, Reliance converted their hurdle into an advantage. Around the facility in Jamnagar, Reliance maintains a 600-acre plantation where more than 140 distinct species of mangoes are grown making a total of 600 tonnes.

5. Reliance was featured on the Fortune 500 list, it was the first ever private Indian company to appear

RIL was the first and sole private Indian business always to appear on the Fortune 500 index in 2004. Reliance is the first company in India to be included on the Fortune 500 list. In 2021 Reliance Industries ranked 155th on the Fortune 500 list. RIL is at the top among Indian companies. Apart from RIL, there are only seven Indian organizations listed, four among which are government companies.

6. In just 170 days, Reliance Jio gained its first 100 million customers

Jio was the 14th cellular provider in India at the time when Mukesh Ambani established it. By signing up the first 100 million customers in only 170 days, Jio set a new global benchmark. Today, Jio has surpassed Airtel and Vi to become the top telecommunication provider in the nation.

7. Special Dhirubhai Ambani postage stamp

The Ministry of Communications issued a memorial postage stamp displaying Dhirubhai Ambani on December 28, 2002. Issued by the Department of Posts the postal stamp was released in his honor in the denomination of 5 rupees.

8. Reliance owns Forbes India

Mukesh Ambani’s Reliance owns several publications one of which is The Indian edition of Forbes magazine, ‘Forbes India’. RIL also owns magazines like Overdrive and Better Photography.

9. The largest TV Network in India is owned by Reliance

The biggest television network in India is Network 18. Reliance owns the network. CNN News18, Colors TV, MTV India, Nickelodeon India, Comedy Central India, VH1 India, and other channels come under the Network 18 group. Reliance’s Network 18 further owns the OTT platform Voot.

Did you any of these facts about Mukesh Ambani’s Reliance Industries? Let us know in the comments.