Mukesh Ambani RIL: Reliance Industries remains the country’s most valuable company in terms of market capitalization. Its chairman and managing director Mukesh Ambani has completed a year today at the helm of the company. Today is also the birthday of his father Dhirubhai Ambani and 20 years ago today, Mukesh Ambani was handed over the reins of Reliance Industries and can say that he handled it very well. There are not one but hundreds of reasons behind this, some of which we will mention here today.
Reliance Industries profit increased 20 times in 20 years
Mukesh Ambani became the chairman and managing director of Reliance Industries 20 years ago. The process of achieving his success started as soon as he took over the command of Reliance, it continues till date. In the last two decades under the leadership of Mukesh Ambani, the company has achieved a continuous double digit growth rate in revenue, profits as well as market capitalization. During this period, the market capitalization of the company increased by 42 times, while the profits increased by almost 20 times.
Investors got handsome profits under Mukesh Ambani’s leadership
Under the leadership of Mukesh Ambani, ie in the last 20 years, the earnings of the investors have also increased tremendously. At the rate of 87 thousand crore per year, 17.4 lakh crore rupees have come in the pocket of the investors. Meanwhile, Reliance Industries has received investments from big companies around the world. Huge companies like Facebook, Google and BP lined up at Reliance’s door.
Mukesh Ambani achieved many milestones in Telecom and Retail Industry
Mukesh Ambani has written many important chapters of the success story of the country’s largest company with his own hands. After starting with oil, the company has achieved many milestones in the telecom and retail industry. Mukesh Ambani was the first to call data as ‘New-Oil’. It is well known that how much data has changed the everyday life of the common man of the country.
The dazzling story of Reliance Jio
Mukesh Ambani has made Reliance Jio one of the biggest telecom companies not only in the country but in the world. Seeing the race that the country made in the digital world after the arrival of Jio, the world accepted Mukesh Ambani’s iron. Today, the record of maximum digital transactions is in the name of India. There is facility of digital payment right from hand cart to 5 star hotel. Government’s efforts are behind this, but a lot of credit goes to Reliance Jio as well. The data which used to be available at around Rs 250 per GB has plummeted to around Rs 10 after the advent of Jio. The country also took a big leap in data consumption, in 2016, India has secured the first position in the world by beating everyone else from number 150.
Reliance giants compete in the retail sector as well
Even in the retail sector, Reliance is giving competition to the world’s leading companies. Be it online or offline, retail or wholesale, Reliance has strengthened its hold in everything under the leadership of Mukesh Ambani. Companies like Amazon, Flipkart, Walmart consider Reliance as their rival. Reliance Retail has opened stores at lightning speed. Last year, Reliance Retail has made a record of opening 7 stores in a day. In terms of revenue also, it has become the number one retail company in the country.
Mukesh Ambani’s plan ready for the future
The world believes in visionary Mukesh Ambani’s iron and Mukesh Ambani has already started weaving dreams for future Reliance. With an investment of 75 thousand crore rupees, 5 giga factories for new energy are being set up in Jamnagar. Reliance is also working fast on new energy sources like solar energy and green hydrogen.