Reliance Industries Limited is a Fortune Global 500 company and is the largest private sector company in India. Reliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian conglomerate, headquartered in Mumbai, India.The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. [46] Kejriwal has asked both Rahul Gandhi and Narendra Modi to clear their stand on the gas pricing issue. Reliance Industries Chairman Mukesh Ambani is no longer among the 10 richest people in the world as the shares of his company saw correction over the past couple of months. Ambani, still the richest man in Asia, has now dropped down to eleventh position in the Bloomberg Billionaires Index, after reaching the fourth spot earlier this year. [10], Ambani has been quoted as saying that he was influenced by his teachers William F. Sharpe and Man Mohan Sharma because they are "the kind of professors who made you think out of the box."[17]. New Delhi: Dhirubhai Ambani, the late founder of Reliance Industries Ltd (RIL), has been primarily credited for the vision and objectives of the oil-to-textile-to-retail-to-telecom conglomerate. RInfra is a constituent of the Reliance Group, one of the leading business houses in India, and fastest growing companies in the infrastructure sector with turnover of Rs 18,852 crore and market capitalization of over Rs 11,300 croreknow more The business also included products and services in retail and telecommunications industries. Reliance later entered into Telecom Sector, Retail Sector, financial services, petrol refining, hydropower sector. Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire businessman, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. [5] He is the second richest person in Asia with a net worth of US$74 billion in January 2021, and as of 28 December 2020, the 14th richest in the world.[3][6]. Erosion in Ambani's wealth came on the back of correction in Reliance Industries shares, which have fallen as much as 16 per cent from their all-time high of Rs 2,369.35 after the conglomerate entered a Rs 24,713 crore deal with Future Retail to acquire the latter's retail, wholesale, logistics and warehousing businesses. The only exception was French billionaire and LVMH Chairman Bernard Arnault, who was on the fourth spot with $110 billion net worth. ALSO READ: Reliance Industries share rises 3% after Jio adds maximum subscribers in October. There are many businesses of Mukesh Ambani's Reliance Industries that many people are not aware of, while Reliance Jio keeps hitting the headlines. MUMBAI: The Mukesh Ambani-owned Reliance Logistics Pvt Ltd plans to provide logistics services to the retail sector soon, a top company official said. We are a leading provider of global transportation, fulfillment, logistics, and supply chain services. [23], Through Reliance, he also owns the Indian Premier League franchise Mumbai Indians and is the founder of Indian Super League, a football league in India. It is an asset-based company with its infrastructure and fleet. [25] He resides at the Antilia Building, one of the world's most expensive private residences with its value reaching $1 billion. Instead of jail time, the court gave Anil a month to come up with the funds. Amazon chief Jeff Bezos continued to be the richest person in the world with a net worth of $186 billion.