Reliance Industries Ltd

CPMA Member Companies

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of US$ 66 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.

Backward vertical integration has been the cornerstone of the evolution and growth of Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum refining and oil and gas exploration and production - to be fully integrated along the materials and energy value chain.

The Group's activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.

Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products.

Major Group Companies are Reliance Industries Limited, including its subsidiaries and Reliance Industrial Infrastructure Limited.

Names	Designation
Shri. Mukesh D. Ambani	Chairman and Managing Director
Smt. Nita M. Ambani	Non-Executive Non-Independent Director
Shri Nikhil R. Meswani	Executive Director
Shri Hital R. Meswani	Executive Director
Shri PMS Prasad	Executive Director
Shri P. K. Kapil	Executive Director
Shri Adil Zainulbhai	Independent Director
Shri Raminder Gujral	Independent Director
Shri Shumeet Banerji	Independent Director
Smt. Arundhati Bhattacharya	Independent Director
Shri K. V. Chowdary	Independent Director
His Excellency Yasir Othman H. Al Rumayyan	Independent Director

The Company 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.

The Company 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.

The Company's major products and brands, from oil and gas to textiles are tightly integrated and benefit from synergies across the Company. Central to the Company'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. The Company 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
Others

The Company has the largest refining capacity at any single location. The Company 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)

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:: Audited Standlone Financial Result for Quarter /
Year ended 31st March 2023 ::
------------------- in Rs. Cr. -------------------