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relianceindustries01 · 1 year ago
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reliance industries
Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalization and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports.
The company is ranked 100th on the Fortune Global 500 list of the world's biggest corporations as of 2022. Reliance is India's largest exporter, accounting for 7% of India's total merchandise exports. Reliance is responsible for almost 5% of the Government of India's total revenue from customs and excise duty. It is also the highest income tax payer in the private sector in India. The company has relatively little free cash flow and high corporate debt.
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