Reliance Industries Limited (RIL)

27 March 2023

🧠 Business Model (Expanded) Reliance Industries has diversified into multiple industries with four major segments: • Petrochemicals & Refining: Original core business • Retail: India’s largest retailer by revenue • Telecom (Jio): Hypergrowth engine • Digital Services (Jio Platforms): Tech-driven platform with global partnerships

💰 Financials (FY22–23) • Revenue: ₹9.76 lakh crore (~USD $120B) • Net Profit: ₹74,000 crore (~USD $9B) • Debt: High, but actively being managed

🧩 Strategy (Expanded) • Strengths: Value chain integration, high capital access, large-scale bets on infrastructure • Risks: Complex conglomerate structure, regulatory scrutiny, execution risks

🧠 Founder POV Reliance doesn’t just build businesses; it builds entire ecosystems.

⚖️ Takeaway Empire-building works if done with timing and control.

📎 Disclaimer: Not investment advice.