Reliance Retail is an Indian retail company, a subsidiary of Reliance Industries Limited. Founded in 2006, it is the largest retailer in India in terms of revenue. V Subramaniam is the CEO of the venture. Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company's outlets also provide vegetables, fruits, and flowers. It focuses on consumer goods, consumer durables.
Number of locations
|Mukesh Ambani (chairman)|
|Revenue||₹162,936 crore (US$23 billion) (2020)|
|₹9,654 crore (US$1.4 billion) (2020)|
|Total equity||US$62 billion|
Number of employees
|Parent||Reliance Industries Limited|
It had a total of 11,784 stores in April 2020 in India with an area of over 28.7 million square feet across more than 7000 towns and cities, with yearly revenue of over ₹162 billion ($23 bn US).
It had a turnover of ₹337 billion in the financial year 2016–17. Reliance Retail announced revenues of ₹450 billion for the nine months ended December 2017 for financial year 2017–18, showing over a 90% jump from the corresponding previous period. The company also reported a profit of ₹7 billion for the period. In financial year 2019–2020, the company reported record breaking revenue of ₹1.62 trillion and EBITDA of 9,654 crore growing 55.7% year over year. The company also became the country's largest retailer by reach, scale, revenue and profitability.
In September 2020, it was announced that American investment firm Silver Lake has bought 1.75% stake in Reliance Retail for ₹7,500 crore (US$1.1 billion) valuing the business at ₹4.28 trillion (US$60 billion). On 23 September, It was announced that KKR has bought 1.28% stake for ₹5500 crore valuing the venture at ₹4.28 trillion or $58 Bn.
On 29 August 2020, Reliance Retail announced that it is acquiring the retail, wholesale, logistics and warehousing business from the Future Group for ₹24,713 crore (US$3.5 billion) adding 15 lakh square meters of retail space to the company.
Subsidiaries and divisionsEdit
There are over 45 subsidiaries and divisions of Reliance Retail. Following is the list of major divisions:
|1||Reliance Fresh||Retail outlets of fruits, vegetables and groceries.|
|2||Reliance Smart||Reliance Smart offers a one-stop shopping experience by offering fresh produce, bakery, dairy products, home, and personal care products, general merchandise, fruits, vegetables, and groceries.|
|3||Reliance Digital||Consumer electronics retail stores. It had 689 stores in October 2014.|
|4||Reliance LYF||4G mobile handset manufacturer based in Mumbai, founded in 2015.|
|5||Reliance Jewels||Jewelry retail; it had revenues of about ₹8 billion in financial year 2012–13.|
|6||Reliance Trends, Trends Footwear, and Reliance Living||Apparel and clothing. It had revenues of about ₹16 billion in financial year 2012–13 with a store count of 287.|
|7||Reliance Market and Reliance Market Wholesale Cash-n-Carry||It had revenues of about ₹1.6 billion in financial year 2012–13.|
|8||Ajio||E-commerce, fashion shopping website, officially launched at the Lakme Fashion Week SS16.|
|9||Hamleys||Hamleys, one of the oldest and largest toy retailers in the world, was acquired by Reliance Retail in 2019.|
|10||JioMart||JioMart is the e-commerce venture of Reliance Retail that provides grocery delivery from neighbourhood Kirana stores. It operates in 200 cities in India and was started as a joint venture between Reliance Retail and Jio Platforms.|
|11||Project Eve||Project Eve is a retail store chain that sells merchandise. It operates 29 stores in Coimbatore.|
|12||Future Group||Future Group is known for having a significant prominence in Indian retail and fashion sectors, with popular supermarket chains like Big Bazaar and Food Bazaar, lifestyle stores like Brand Factory, Central, etc. The group also has a notable presence in integrated foods and fast-moving consumer goods manufacturing sectors.|
|13||Netmeds||Netmeds is a licensed e-pharmacy based in Chennai. Reliance Retail acquired a 60% stake in Netmeds' parent Vitalic for approximately ₹620 crore.|
|14||Urban Ladder||Urban Ladder is an omnichannel furniture and decor retailer based out of Bangalore, India. Urban Ladder currently has 3 stores in Bangalore and distribution across 75+ cities in India through its website.|
- "Integrated Annual Report 2019–20". Reliance Industries Limited.
- "Revenue of Reliance Retail from financial year 2010 to 2020" at statista
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- Dsouza, Sharleen (11 September 2020). "Brokerage view on Silver Lake investment in Reliance retail". Bloomberg Quint. Retrieved 11 September 2020.
- news, moneycontrol (23 September 2020). "KKR-Reliance Retail deal: American buyout firm to invest Rs 5,550 crore for 1.28% in RIL unit". Moneycontrol. Retrieved 23 September 2020.
- "TechCrunch". TechCrunch. Retrieved 5 October 2020.
- Deb, Aparna (29 August 2020). "Reliance Retail buys Kishore Biyani's Future retail for Rs 24,713 crore". Times Now.
- Singh, Manish (November 15, 2020). "Reliance Retail buys Urban Ladder for $24.4 million". TechCruch. Retrieved 15 November 2020.
- "Subsidiaries of Reliance Retail Limited". ril.com. Archived from the original on 12 August 2013. Retrieved 27 August 2013.
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- "Reliance SMART JioMart"
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- Gandhi, Forum. "Reliance Retail's AJIO to start selling luxury brands". @businessline. Retrieved 17 November 2020.
- "Reliance Brands completes acquisition of Hamleys". The Economic Times. Retrieved 17 November 2020.
- "Mukesh Ambani's JioMart expands to 200 Indian cities in challenge to Amazon and Flipkart"
- "Reliance Retail acquires Shri Kannan Departmental Store for ₹152.5 crore"
- "Reliance Retail buys Future Group's businesses for ₹24,713 crore". mint. 29 August 2020. Retrieved 17 November 2020.
- Sharma, Samidha; Peermohamed, Alnoor. "Reliance retail acquires majority stake in Netmeds' parent for Rs 620 crore". The Economic Times. Retrieved 17 November 2020.
- "Reliance Retail acquires Urban Ladder for ₹182 crore – at a sixth of the startup's peak valuation in 2018". Business Insider. Retrieved 17 November 2020.