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Reliance Anil Dhirubhai Ambani Group or Reliance ADA Group (ADAG) 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.[1] It has a market capitalisation of 890 billion (US$12 billion) and net assets worth 1,800 billion (US$25 billion).[citation needed] The Reliance Group operates in over 20,000 towns and 450,000 villages in India, and abroad.[citation needed]

Reliance Anil Dhirubhai Ambani Group
(Reliance ADAG)
Private
IndustryConglomerate
Predecessorcarved out from Reliance Industries
Founded10 July 2006; 12 years ago (10 July 2006)
FounderAnil Ambani
Headquarters
Reliance Centre, Santacruz (East), Mumbai
,
India
Key people
Anil Ambani
(Chairman)
Sateesh Seth
(Vice Chairman)
ProductsTelecom, financial services, construction, entertainment, Power, health care, aviation, Defense
RevenueIncrease US$15.4 billion (2012)[citation needed]
Increase US$2 billion (2012)[citation needed]
Increase US$3.5 billion (2012)[citation needed]
Total assetsIncrease US$43.6 billion (2016) "'" (PDF).
Number of employees
75,000 (March 2018)
SubsidiariesReliance Power
Reliance Communications
Reliance Infrastructure
Reliance Capital
Reliance Entertainment
Reliance Health
Reliance MediaWorks
Websiterelianceada.com

Reliance ADA Group has six listed companies. Reliance Power, Reliance Communications, Reliance Infrastructure, Reliance Capital, Reliance Entertainment and Reliance Health with a shareholder base of over 12 million.[citation needed] The group provides telecom, financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.

Contents

HistoryEdit

Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It got renamed as Reliance Industries on May 08, 1973. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his sons. The Reliance ADA Group was formed in 2006 after the two brothers Mukesh Ambani and Anil Ambani, split Reliance Industries in December 2005.[2][3] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy and Reliance Capital. Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam generator technology.[4] Reliance power was the first Indian company to earn carbon credits,[citation needed] and the United Nations registered Reliance Power’s Sasan power project is planned to earn as many as 22.5 million credits in the next 10 years,[citation needed] under the UN Clean Development Mechanism, a greenhouse gas market which issues tradable credits to emissions-lowering projects in developing countries. Reliance Power has coal mines in Indonesia, and has also made major acquisitions in UK and USA[which?]. On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region.[5] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major Dassault Aviation. The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years.

The brand ambassador of Reliance is Anushka Sharma for Reliance Communication, Abhishek Bachchan and Sonu Nigam for Big 92.7 FM.[citation needed] Virender Sehwag was formerly the brand ambassador for Reliance Communication, then known as Reliance Infocom.[citation needed]

Subsidiaries

Major acquisitionsEdit

Date Firm acquired Renamed firm
May 2000 BSES Reliance Infrastructure
Oct 2003 FLAG Telecom, 207Mn$ Reliance Globalcom
July 2005 Metro Adlabs (51% stake), 74Mn$ Reliance Entertainment
Apr 2008 Lowry Digital USA, 7.5Mn$ Reliance Big Entertainment
May 2008 Vanco Reliance Globalcom
Apr 2010 Codemasters UK (50% stake) Zapak
Sept 2011 Bloomberg UTV (66% stake) Reliance Capital
Mar 2015 Pipavav Shipyard Reliance Infrastructure
Oct 2015 MTS India Reliance Communication

ReferencesEdit

  1. ^ "Reliance ADAG – Reliance Anil dmsumra 7Dhirubhai Ambani Group India – Reliance ADA Group Profile". Iloveindia.com. 21 July 2007. Retrieved 14 August 2010.
  2. ^ "Mukesh to double enterprise value to US$160 bn: Rediff.com Business". Business.rediff.com. 18 June 2010. Retrieved 14 August 2010.
  3. ^ "Reliance set to split between Anil and Mukesh Ambani – Central Government may intervene!". IndiaDaily. Archived from the original on 9 October 2008. Retrieved 14 August 2010.
  4. ^ "Reliance Power, Shanghai Electric ink $8.3 bln deal". in.reuters.com. Reuters. 28 October 2010. Retrieved 28 July 2016.
  5. ^ "Reliance-Dassault JV to start output in Q1 of 2018". /timesofindia.indiatimes.com. 28 October 2018.

External linksEdit