Integrated Annual
Reliance’s success is a reflection of India’s capabilities, the talent of her people, and the potential of her entrepreneurs, engineers, managers and workers.
Shri Dhirubhai H. Ambani
Founder ChairmanReliance Industries Limited (RIL) is a Fortune Global 500 company and the largest private sector corporation in India. Over the last four decades, Reliance has emerged as one of India’s most valuable, stakeholder-centric organisations. It has built important assets for India, innovating and investing for a better future for all Indians. The one unifying thread that runs through everything we have accomplished at Reliance is the spirit of Care and Empathy.
India’s largest company by
MARKET CAPITALISATION*
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REVENUE
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NET PROFIT
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Contributing meaningfully to India’s economic growth
EXPORTS
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NEW HIRES
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CSR CONTRIBUTION
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Proud champion of Make In India
FORTUNE GLOBAL 500
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FORBES BEST EMPLOYER
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Among the largest private sector investor in capital assets in India
* Market Capitalisation is as on July 20, 2023, ex-demerger of financial services undertaking post price discovery thereof
Note 1: All figures are as on/for the year ended March 31, 2023
Note 2: All figures for FY 2022-23 are excluding financial services
to Care Better
Shri Mukesh D. Ambani
Chairman and Managing Director, Reliance Industries
Dear and esteemed fellow shareholders,
We, at Reliance, have a deep-rooted belief that sustainability is an integral part of enterprise growth. The tremendous stress that mankind has exerted on natural resources, since the advent of the Industrial Revolution, has brought us to a stage where we need to collectively ramp up our efforts to combat climate change.
of a New India
RETAIL
India’s largest retailer by reach, revenue, and profitability, serving over 98% of India’s pin codes through an integrated online and offline network.
Retail Business
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$31.7 BILLION`0 CRORE
$2.2 BILLIONIndia’s Digital Revolution
DIGITAL SERVICES
India’s largest digital services
player, serving
~439 million
subscribers with the most
advanced
fixed-mobile
converged connectivity
platform and digital solutions
across business verticals and
customer life cycle.
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$14.6 BILLION`0 CRORE
$6.1 BILLIONGreen Transformation
OIL TO CHEMICALS
One of the world’s most integrated Oil to Chemicals operations producing high spec fuels and materials. Reliance is committed to maximise integration and produce high value chemicals and green materials for the growing Indian market.
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$72.4 BILLION`0 CRORE
$7.6 BILLIONOIL AND GAS E&P
One of India’s largest Exploration and Production players, with an upstream portfolio comprising of deep and ultra-deepwater oil and gas fields and coal bed methane blocks in India.
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$2.0 BILLION`0 CRORE
$1.7 BILLIONNew Energy
Our aim is to achieve Net Carbon Zero by 2035 through decarbonisation and New Energy. We are actively investing in and collaborating with partners to build a scalable and enabling energy ecosystem.
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INVESTMENTS / ACQUISITIONS MADE
the World of Storytelling
MEDIA AND ENTERTAINMENT
Reliance’s media and entertainment plans promise to ignite the stage with audacious ambition. From redefining storytelling to pioneering immersive experiences, it is poised to unleash a new era of captivating content that will enthrall audiences and leave them craving for more. Brace yourself for a spectacle like never before!
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$884 MILLION`0 CRORE
$28.7 MILLIONIndia Together
With a comprehensive development approach, Reliance Foundation, the CSR arm of Reliance Industries, positively touches the lives of millions every year, making it one of the largest corporate philanthropies in India and the world.
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LIVES TOUCHED SINCE INCEPTIONArt and Culture
The Nita Mukesh Ambani Cultural Centre (NMACC)—a part of Mumbai’s Jio World Centre— is a vibrant hub of creativity, art, and culture. Envisioned by Smt. Nita M. Ambani, it is designed to celebrate and nurture the diverse expressions of human imagination. The Centre offers a mesmerising fusion of performances, exhibitions, workshops, and events that enrich and inspire. Step into a world where artistic brilliance thrives and embark on a journey of exploration and enlightenment..
of Progress
VALUE ADDED STATEMENT (Consolidated)
Value added is defined as the value created by the activities of a business and its employees.
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TOTAL VALUE ADDED IN FY 2022-23 (TOTAL VALUE ADDED IN FY 2021-22 ₹3,36,512 crore)
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(includes interest cost)
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India’s Future
We constantly work towards providing unique customer centric solutions, including in the areas of mobility, new materials and empowering merchant partners through new commerce.
Conviction and Care
New Commerce connects producers, kiranas and customers through Reliance Retail
Digital Technologies and Platforms through Jio Platforms.
Decarbonisation, transition from traditional fuels to renewable energy solutions
Transition from B2B to B2B2C and Fuel to Chemicals Integration
We are dedicated to serving India with care, empathy, and humility, aligning our efforts with environmental and social considerations, guided by good governance principles.
Ecosystems
JioGenNext started its journey with Chairman and Managing Director,
Shri. Mukesh D. Ambani’s vision of nurturing startups.
Labs/02, an Israel Innovation Authority (IIA) sponsored incubator, is supported by Reliance in partnership with OurCrowd and Yissum.
Governance
Reliance Risk Management Framework provides consistent, clear and robust framework for managing risks across the group and thus is fundamental to our performance and progress as a company.
Strategic and Commercial Risks
Safety and Operational Risks
Compliance and Control Risks
Financial Risks
Integrated Annual Report 2022-23
Business Responsibility and Sustainability Report 2022-23
Corporate Social Responsibility Report 2022-23