Our motto “Growth is Life” aptly captures the ever-evolving spirit of Reliance. Our activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and telecommunications. In each of these areas, we are committed to innovation-led, exponential growth. Our vision has pushed us to achieve global leadership in many of our businesses – including our position as the largest polyester yarn and fiber producer in the world. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.
As Reliance sets sights on even more ambitious goals, we remain inspired and guided by the story and philosophy of our founder chairman Dhirubhai Ambani. Hailing from modest means, he followed his dream to create India’s largest company. Reliance as an organization has adopted this ethos of converting adversity into opportunity and making the impossible possible by challenging conventional wisdom.
Our ultimate aim has always been – and will always be – to touch the lives of people in a positive way
Reliance expanded into textiles in 1975. Since its initial public offering in 1977, the company has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil.
Reliance from time to time seeks to further diversify into other industries. The company now has operations that span from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals and synthetic textiles and fabrics.
Reliance’ major products and brands, from oil and gas to textiles are tightly integrated and benefit from synergies across the company. Central to the Reliance’s operations is its vertical backward integration strategy; raw materials such as PTA, MEG, ethylene, propylene and normal paraffin that were previously imported at a higher cost and subject to import duties are now sourced from within the Company. This has had a positive effect on the company’s operating margins and interest costs and decreased the company’s exposure to the cyclicality of markets and raw material prices. Reliance believes that this strategy is also important in maintaining a domestic market leadership position in its major product lines and in providing a competitive advantage.
The company’s operations can be classified into four segments namely:
•Petroleum Refining and Marketing business
• Petrochemicals business
•Oil and Gas Exploration & Production business
Reliance has the largest refining capacity at any single location.
Today, Reliance is:
•Largest producer of Polyester Fibre and Yarn
• 5th largest producer of Paraxylene (PX)
•5th largest producer of Polypropylene (PP)
• 8th largest producer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG)