List of Companies Acquired by Reliance (2022)

Reliance Industries Ltd. (RIL) made several acquisitions in the past three years to boost the product offerings of its subsidiaries—Reliance Jio Infocomm Ltd. and Reliance Retail Ltd., among others. RIL has put in $566 million+ in media and education, $194 million+ in retail, $1.2 billion+ in telecom and internet firms, $100 million+ in digital firms, and $391 million+ in the chemicals and energy space.

The acquisitions by Reliance Industries clearly project RIL’s aspiration to be counted among the top 20 companies in the world. Along with refining and petrochemicals, Reliance Jio and Reliance Retail could play a part in achieving the feat. RIL’s telecom venture Jio has helped improve its perception in terms of consumer services. A survey indicates that the perception of RIL’s consumer services has improved after the launch of Jio with 66% of users considering RIL as a more consumer-friendly brand.

Within 2 years, Reliance acquired companies such as Balaji Telefilms (TV content), EdCast (learning enabler), Embibe (edtech content), Saavn (music content), Radsys (5G architecture), Eros (TV content), Hathway (broadband), DEN (cable), Haptik (customer engagement), Reverie (language processing), Fynd (online shopping), Purple Panda Fashions, Clovia (intimate wear), Tesseract (AR/VR), and Grab (logistics).

Reliance Retail operates around 14,412+ stores, as of December 2021. The company recently posted a profit of $720.05 million (INR 5481 crore) in FY21 on revenue that was recorded at $20.62 billion (INR 1.57 lakh crore).

The companies acquired by Reliance are working on various technologies: artificial intelligence (AI), internet of things (IoT), blockchain, online multiplayer gaming, multi-party videoconferencing, augmented reality (AR), virtual reality (VR), and mixed reality (MR). These acquisitions are an extension of RIL’s ambitions.

List of Companies Acquired by Reliance (1)

Reliance Industry Acquisitions

Embibe
Fynd
Grab
Haptik
Reverie
Saavn
Purple Panda Fashions (Clovia)
Tesseract

Hamleys
Netmeds
Asteria Aerospace
NowFloats Technologies
Radisys
Balaji Telefilms and Eros International
Urban Ladder
JustDial
Milkbasket
Zivame
Portico
Dunzo
Shri Kannan Departmental Store
Jaisuryas
Kalanikethan

Ritu Kumar
Manish Malhotra
AK-OK
Genesis Colors
Future101 Design
Addverb Technologies
Portico
Amante
Rahul Mishra
Lithium Werks

Embibe

Startup NameEmbibe
Founded in2012
FoundersAditi Avasthi
Stakes Owned by Reliance73%

In April 2018, Reliance Industries invested $180 million in the edtech startup Embibe over a period of three years. The investment helped acquire a stake of 72.69 % from Embibe's existing investors. In April 2020, Bengaluru-based startup Embibe received a funding of INR 500 crores from Reliance Industries.

Embibe is an education platform that uses data analytics to deliver personalized learning outcomes for students. It targets various segments like K-12, higher education, professional skilling, vernacular languages, and all curriculum categories in India and abroad. Embibe uses AI stacks that focus on content intelligence and automation, behavioral recommendations, and student intelligence.

Aditi Avasthi, the founder and CEO of Embibe, continues to lead the company post acquisition and may operate it as an independent entity as well. With Embibe’s technology, Reliance aims to connect with over 1.9 million schools and 58,000 universities across India. It believes that Embibe’s highly experienced management team will help Reliance realize its vision for the education sector.

Fynd

Startup NameFynd
Founded in2012
FoundersFarooq Adam, Harsh Shah and Sreeraman MG
Stakes Owned by Reliance87.6%

Fynd, the fashion ecommerce platform, was founded in 2012 by Farooq Adam, Harsh Shah, and Sreeraman MG. Fynd functions via an offline-to-online (O2O) model and directly sources products belonging to categories such as clothing, footwear, jewellery, and accessories from prominent brands to sell them in India. Fynd sources products from the outlets nearest to the customer to optimize delivery time. It has about 8,000 outlets on board for about 500 clients.

Reliance's latest acquisition, Fynd, has an in-house product called the ‘Fynd Store’; store managers place order on behalf of the walk-ins in case the desired product is not stocked or not available in the right size in the store. RIL acquired a majority stake (87.6%) in Shopsense Retail Technologies Pvt. Ltd. (which manages Fynd) for INR 295.25 crores ($41.9 million).

RIL also has an option to further invest INR 100 crores in Shopsense Retail Technologies by December 2021. The total investment will translate into an 87.6% stake in Fynd. The investment would strengthen the group’s 'digital and new commerce initiatives'. Reliance has been bolstering investments and acquisitions in the tech and internet space as it prepares to launch e-commerce services by leveraging Reliance Jio Infocomm's reach.

Grab

Startup NameGrab
Founded in2012
FoundersAnthony Tan and Tan Hooi Ling
Stakes Owned by Reliance83%

In February 2019, RIL’s wholly-owned subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) acquired equity shares of Grab A Grub Services Private Limited (Grab) in a cash deal worth $14.9 million. At a later stage, the company will also invest up to $5.63 million (INR 40 crores) to complete the acquisition deal by March 2021.

With this investment, RIL will control 83% equity of Grab on a fully diluted basis. The investment will support Reliance Group’s digital commerce initiatives and strengthen its logistics services, catering to both B2B (business-to-business) and B2C (business-to-consumer) segments. The deal would help the company boost its e-commerce model to take on Amazon India and Flipkart.

(Video) List of Companies Acquired By Reliance #Reliance

Grab was founded in 2013 by Jignesh Patel, Nishant Vora, and Pratish Sanghvi. Grab provides services like on-demand deliveries, reverse deliveries, first mile, and last mile logistics. Some of its clients include McDonalds, BigBasket, Myntra, Amazon Now, and Swiggy. Grab was backed by investors such as SIDBI Venture Capital Arm, SIDBI Venture Capital Limited (SVCL) Aramex, Zomato, and Sixth Sense Ventures.

Haptik

Startup NameHaptik
Founded in2013
FoundersAakrit Vaish and Swapan Rajdev
Stakes Owned by Reliance87%

On April 3, 2019, RIL announced that Reliance Jio Digital Services Limited acquired artificial intelligence (AI) firm Haptik for INR 700 crores (with INR 230 crores as the consideration for the initial business transfer) to compete against Google Assistant and Amazon's Alexa. Thus, Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants.

Founded in 2013, Haptik is one of the world's largest conversational AI platforms that lets customers coordinate with voice assistants to complete tasks related to online shopping, travel bookings, food delivery, and more. The company has worked with over 50 brands which include Samsung, Coca-Cola, Future Retail, KFC, Tata Group, Oyo Rooms, and the Mahindra Group. Haptik established its presence in the US in 2018 and in the UK in 2019.

With this startup acquisition, Reliance Jio is looking to leverage Haptik’s capabilities across various devices and touch-points in the consumer’s journey. Reliance said that the investment is an aid in the enhancement and expansion of Haptik's platform with an addressable market opportunity of over 1 billion users in India.

Reverie

Startup NameReverie
Founded in2009
FoundersArvind Pani, Sachindra K Mohanty, Vivekananda Pani
Stakes Owned by Reliance83.3%

In April 2019, RIL acquired a majority stake in Reverie for INR 190 crores ($27.3 million). It will invest another INR 77 crores (almost $10 million) by March 2021. As part of the acquisition, Reliance will hold 83.3 % equity capital in Reverie on a fully diluted basis with the total investment of INR 267 crores likely to be completed by March 2021.

Reverie provides a voice suite (called Gopal) in 12 Indian languages like Hindi, Telugu, Tamil, Bengali, Marathi, Gujarati, Indian English, etc. which can be integrated with both chatbots and interactive voice response (IVR) solutions. Companies can then use the resulting solution to engage with non-English speaking customers.

Reverie will work towards the integration of its Indic language localization services with RIL’s digital consumer platforms. It will continue to operate independently and serve its existing clients.

Reliance Jio gets its historic 11th investor in just 8 weeksReliance Jio is not just a telecom network, it is an entire ecosystem thatallows Indians to live the digital life to the fullest. It was founded by Mr. Mukesh Ambani [https://www.youtube.com/watch?v=IVkg3QcVozk] who has been workingon the JIO Infocomm Ltd since 2010. The idea is said to have come…StartupTalkyVarad Kitey

Saavn

Startup NameSaavn
Founded in2007
FoundersRishi Malhotra, Vinodh Bhat and Paramdeep Singh
Stakes Owned by Reliance75%-80%

On March 23, 2018, RIL announced a strategic merger of its digital music service JioMusic with 'music over-the-top platform' Saavn. RIL acquired a 75-80 % stake in the merged entity. The company said that the combined entity is valued at over $1 billion with JioMusic’s implied valuation at $670 million and Saavn at $330 million.

RIL stated that the integrated business will be developed into a media platform of the future with global reach, cross-border original content, an independent artist marketplace, consolidated data, and one of the largest mobile advertising mediums in India.

"The investment and combination of our music assets with Saavn underlines our commitment to further boost the digital ecosystem and provide unlimited digital entertainment services to consumers over a strong uninterrupted network," Ambani said while announcing the strategic transaction.

JioSaavn has over 200 employees and operates out of offices in California, New York, Bangalore, Gurgaon, and Mumbai. It offers about 40 million soundtracks in 15 languages and has over 900 label partnerships. Some of the partners are Universal, Sony, T-Series, Tips, YRF, Saregama, Eros, and Warner Music.

List of Companies Acquired by Reliance (4)

Purple Panda Fashions (Clovia)

Startup NamePurple Panda Fashions (Clovia)
Founded in2013
FoundersPankaj Vermani, Neha Kant and Suman Choudhary
Stakes Owned by Reliance89%

Started by Pankaj Vermani, Neha Kant, and Suman Choudhary in 2013, Purple Panda Fashions is the manufacturer and online retailer of lingerie with its flagship brand Clovia. Clovia, under Purple Panda Fashions, offers a wide range of quality innerwear and loungewear for women, with its categories spanning over 3500+ product styles.

The largest retailer of India, Reliance Retail Ventures, as updated on March 21, 2022, has acquired 89% of the stakes in Clovia for which it has reportedly spent INR 950 crore. The deal will be a combination of primary investment and secondary stake purchase, the remaining stakes of which will be owned by the founding team and management of Clovia. This partnership with Clovia is expected to further strengthen the innerwear arm of Reliance.

Tesseract

Startup NameTesseract
Founded in2015
FoundersKshitij Marwah
Stakes Owned by Reliance92.7%

In August 2019, Reliance acquired a stake of 92.7% stakes in Tesseract. Post the deal, the stake would be valued between INR 150 crores and INR 500 crores, a source added. Reliance also announced its mixed reality (MR) platform Holoboard, which combines augmented reality and virtual reality. Holoboard would be the first made-in-India AR headset and will be compatible with smartphones. Interestingly, the device is developed by Tesseract.

(Video) Companies Acquired By Reliance In 2021?

Tesseract is a Mumbai-based VR startup founded in 2015 by Kshitij Marwah. Tesseract has launched three hardware and two software products in the MR, AR, and VR spaces. The founder claims to have seven patents: one US-registered, three international, and three India-registered patents.

Post-acquisition, Tesseract developed the Jio HoloBoard as a native mixed reality headset for JioFiber users. While specifics about the Jio HoloBoard are yet to be revealed, Reliance Jio plans to make the headset available for purchase in the market at an extremely affordable price.

Den Networks and Hathway Cable & Datacom Ltd.

Startup NameDen Networks and Hathway Cable & Datacom Ltd.
Founded in2007 and 1959 respectively
FoundersSameer Manchanda (Den Networks), Pheroza Billimoria & Roopesh Rao (Hathway Cable and Datacom)
Stakes Owned by Reliance66% and 51.3% respectively

Reliance Jio bought a majority stake in Den Networks, Hathway Cable, and Datacom in October 2018. Jio acquired a 66% stake in Den Networks with a primary investment of INR 2,045 crores and a 51.3% stake in Hathway Cable & Datacom Ltd. with an initial investment of INR 2,940 crores.

DEN claims to have the ability to reach 9.7 lakh homes and has more than 106,000 broadband subscribers. Hathway Cable is owned by the Raheja Group while Sameer Manchanda owns DEN Networks. They both are amongst the biggest players in the cable broadband market.

The investments were meant to boost the rollout of Jio GigaFiber which is in the testing phase at the moment. It is a competitor to Bharti Airtel, BSNL, and other broadband providers in India. Reliance Jio also has the wireless infrastructure assets of RCom to consolidate its telecom presence.

Hamleys

Startup NameHamleys
Founded in1760
FoundersWilliam Hamley
Stakes Owned by Reliance100%

Reliance Industries completed the acquisition of British toy retailer Hamleys for about INR 620 crores (GBP 67.96 million) in an all-cash deal in July 2019 when Reliance Brands signed an agreement to acquire a 100% stake in Hamleys Global Holdings from Hong Kong-based C.banner International.

RIL stated that Reliance Brands completed the acquisition of a 100 % stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in the United Kingdom. This acquisition will help Reliance Brands become a dominant player in the global toy retail industry.

Hamleys was founded by William Hamley in London in 1760. It is one of the world's oldest retailers of toys and has changed hands several times. Hamleys has 167 stores across 18 countries. In India, Reliance Retail had the master franchise for the brand and operated 88 stores across 29 cities.

Netmeds

Startup NameNetmeds
Founded in2015
FoundersPradeep Dadha
Stakes Owned by Reliance-

On August 19, 2020, Reliance Industries Ltd. has acquired a majority stake in online pharmacy Netmeds for about $83 million (INR. 620 crores) in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India.

The investment represents 60% holding in the equity share capital of Vitalic Health and 100% direct equity ownership of its subsidiaries: Tresara Health Private Limited, Netmeds Market Place Limited, and Dadha Pharma Distribution Pvt. Limited.

According to Reliance, Netmeds would enhance Reliance Retail’s ability to provide affordable and extensive health care products and services.

"This investment is aligned with our commitment to provide digital access for everyone in India," said Isha Ambani, Director, RRVL
Netmeds Success Story - Leading India’s Online Pharmacy SegmentCompany Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. Over a short period, e-commerce has gained much popularity in India, alluringthe younger generat…StartupTalkyLakshya Singh

Netmeds is one of the top online pharmacies in India that deals with a wide range of healthcare products like high-quality prescription medicines, over-the-counter pharmaceuticals, general health care products, Ayurvedic medicines, and homeopathic medicines. It has delivery facilities across India. It is a subsidiary of Dadha & Company, one of India’s most trusted pharmacy brands with over 100 years of experience in dispensing quality medicines. Pradeep Dadha founded the company in 2010 and it is headquartered at Chennai, Tamil Nadu.

Asteria Aerospace

Startup NameAsteria Aerospace
Founded in2011
FoundersNeel Mehta and Nihar Vartak
Stakes Owned by Reliance51.78%

In December of 2019, RIL-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) acquired a 51.78% stake in robotics and artificial intelligence company Asteria Aerospace Pvt. Ltd. for INR 23.12 crores. Asteria develops drone-based solutions to provide intelligence from aerial data for military use and industrial applications.

NowFloats Technologies

Startup NameNowFloats Technologies
Founded in2012
FoundersJasminder Singh Gulati
Stakes Owned by Reliance85%

In December 2019, RSBVL also acquired an 85% stake in NowFloats Technologies Pvt. Ltd. for INR 141.63 crores with a proposal to make further investments of up to INR 75 crores. Nowfloats offers SaaS solutions to small and medium enterprises (SMEs) for building a digital presence. The investment will further enable Reliance group's digital and new commerce initiatives.

(Video) Companies Acquired by Reliance| 2021| #Shorts

Radisys

Startup NameRadisys
Founded in1987
FoundersGlenford Myers
Stakes Owned by Reliance100%

RIL also acquired open telecom solution provider Radisys in June 2020 for $74 million (INR 511 crores). The deal majorly focused on enhancing Reliance Jio's presence in the areas of 5G, Internet of Things (IoT), and open source architecture adoption.

In addition to these acquisitions, RIL specifically made deals to amplify the occupancy of Reliance Jio by acquiring software companies namely Surajya Services (EasyGov) and SankhyaSutra. Surajya Services (EasyGov) is a data solution company that is known for its EasyGov online portal which details government schemes and services to citizens. SankhyaSutra Labs offers high-performance computing software simulation services.

Balaji Telefilms and Eros International

Startup NameBalaji Telefilms and Eros International
Founded in1994 and 2017
FoundersEkta Kapoor, Jeetendra (AltBalaji) ; Kishore Lulla (Eros International)
Stakes Owned by Reliance24.9% (Balaji Telefilms) ; 5% (Eros)

RIL also invested in the entertainment industry. It acquired a 24.9% stake in film and television production house Balaji Telefilms Ltd., the parent company of ALTBalaji, in a deal worth INR 413.28 crores. The stake purchase will give Reliance Jio Infocomm Ltd. access to the content generated by Balaji Telefilms. RIL also acquired a 5% stake in the film entertainment company Eros International for $48.75 million. Given the massive demand for online video content, a stake in Eros International and ALTBalaji would allow Jio to entice customers who are in dire need of high speed internet on smartphones.

Urban Ladder

Startup NameUrban Ladder
Founded in2012
FoundersAshish Goel, Rajiv Srivatsa
Stakes Owned by Reliance96%

Reliance Retail bought a 96% stake in Urban Ladder for over INR 182 crore in November 2020. The omnichannel furniture and decor retailer is based out of Bengaluru, has more than 3 stores in Bangalore, and boasts of distributing its products across 75+ cities.

JustDial

Startup NameJustDial
Founded in1996
FoundersV.S.S. Mani
Stakes Owned by Reliance40.95%

JustDial is a local search services platform, one of the oldest and an iconic player in the Indian local search services space. Just Dial boasts of having more than 30 million enterprise listings across web, app and voice platforms.

The RIL arm, Reliance Retail Ventures, acquired 40.95% stakes in Just Dial on June 17, 2021, in an all-cash deal worth INR 5,710 crore. According to the reports of the deal, Reliance subscribed to the preferential shares and bought some shares from its main promoter, VSS Mani, and his family for INR 3,497 crore. The acquisition of Just Dial did not only dwarf Reliance's other acquisitions, such as its Netmeds and that of Hamleys, but is still standing as one of the largest acquisitions that the country has seen so far.

Milkbasket

Startup NameMilkbasket
Founded in2015
FoundersAnant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia
Stakes Owned by Reliance96.49%

India's first subscription-based micro-delivery service Milkbasket was founded in 2015 by Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia. The delivery service platform was founded with an aim to deliver daily grocery, milk, and other everyday essentials.

Reliance Retail Ventures acquired Milkbasket by acquiring 96.49% stakes in the company, announced Milkbasket while announcing its Q2 FY22 financial results. The deal is pegged at $40 Mn, as per the reports dated October 23, 2021.

Zivame

Startup NameZivame
Founded in2011
FoundersRicha Kar
Stakes Owned by Reliance15%

The subsidiary of Reliance Industries, Reliance Brands has bought 15% stakes in Zivame, the most trusted store for women's undergarments. Reliance had acquired a minority stake in the leading online lingerie brand in July 2020 and had also mentioned that it would buy out Zivame sometime soon and could also pay close to INR 1,200 to materialise the deal.

Portico

Startup NamePortico
Founded in2005
Founders-
Stakes Owned by Reliance-

Owned by Creative Group, Portico is a home fashion brand that is fast emerging. Reliance acquired a minority stake in Portico and has approached the same for a majority stake in the same, as per the reports dated July 2021.

Dunzo

Startup NameDunzo
Founded in2014
FoundersKabeer Biswas, Ankur Agarwal, Dalvir Suri, Mukund Jha
Stakes Owned by Reliance25%

Dunzo is a popular delivery service platform from Bangalore. Founded in July 2014 by Kabeer Biswas, Ankur Agarwal, Dalvir Suri, Mukund Jha, Dunzo is 24x7 operating app that operates in 8+ Indian cities.

Reliance Retail has acquired 25.8% stakes in Dunzo on January 6, 2022, in a deal where Dunzo raised $240 mn worth of funds from the mammoth conglomerate.

Shri Kannan Departmental Store

Startup Name
Founded in1985
FoundersT Thanushgaran
Stakes Owned by Reliance100%

Shri Kannan Departmental Store is a 20+ years old company that primarily retailed fruits and vegetables, dairy products, and other essentials and operates 29+ stores near Coimbatore and all the nearby areas. Reliance Retail Ventures Ltd. has acquired this retail brand by acquiring 100% stakes in the firm for an amount of INR 152.5 crore.

Jaisuryas

Startup NameJaisuryas
Founded in1989
FoundersShivaji Siddharth
Stakes Owned by Reliance-

Jaisuryas is a leading regional grocery chain that operates in the Southern part of India. Reliance Industries acquired Jaisuryas in an undisclosed deal.

(Video) RELIANCE BUSINESS EMPIRE and RELIANCE's Brands & Companies | Business Empire Series | Episode 2

Kalanikethan

Startup NameKalanikethan
Founded in1976
FoundersShri V. Venkateswara Rao and Mitul Parekh
Stakes Owned by Reliance-

Kalanikethan is a leading retailer of sarees and ethnic wear that operates in many cities of South India. Kalanikethan is another startup that currently stands acquired by Reliance to fill up the gaps in some of the smaller markets in the south of the country.

Abraham & Thakore

Startup NameAbraham & Thakore
Founded in1992
FoundersDavid Abraham, Rakesh Thakore and Kevin Nigli
Stakes Owned by Reliance-

David Abraham and Rakesh Thakore launched Abraham & Thakore in 1992, who were soon joined by Kevin Nigli. Abraham & Thakore is rooted in the fashion industry, which believes in making weaving and design unconventional and appealing to the mass!

Reliance Retail Ventures had acquired a majority stake in Abraham & Thakore on March 2, 2022.

Ritu Kumar

Startup NameRitu Kumar
Founded in2002
FoundersRitu Kumar
Stakes Owned by Reliance52%

Reliance Industries had already acquired Manish Malhotra, after which it acquires Ritu Kumar, which is another major acquisition in the fashion industry. The MNC conglomerate giant owned a whopping 52% stake in Ritika Pvt Ltd., the parent of Ritu Kumar, Label Ritu Kumar, RI Ritu Kumar, aarké, and Ritu Kumar Home and Living, which is India's oldest fashion house on October 15, 2021.

Manish Malhotra

Startup NameManish Malhotra
Founded in2005
FoundersManish Malhotra
Stakes Owned by Reliance40%

Manish Malhotra, the eponymous brand of the celebrated Indian fashion designer, couturier, costume stylist, entrepreneur, filmmaker, revivalist based in Mumbai, India, is a rage in the Indian fashion market as well. The Manish Malhotra brand, which has been led by none other than Manish Malhotra, has been acquired by Reliance Brands, which is a subsidiary of Reliance Industries, where the Mukesh Ambani-led brand picked up 40% of stakes, as per reports dated October 16, 2021.

AK-OK

Startup NameAK-OK
Founded in-
FoundersAnamika Khanna
Stakes Owned by Reliance60%

Anamika Khanna is a famous Indian couturier, who has successfully blended traditional Indian textiles and techniques with Western silhouette and tailoring. The celebrity Indian fashion designer runs her eponymous brand AK-OK, a majority stake (60%) of which has been acquired by Reliance Brands in December 2021, which is believed to be 60:40 joint venture.

Genesis Colors

Startup NameGenesis Colors
Founded in1998
FoundersSanjay Kapoor, Jyoti Narula and Puneet Nanda
Stakes Owned by Reliance29.07%

Reliance acquired 16.31% worth of stakes in Genesis Colors. Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance has materialised the deal for INR 34.80 crore on September 10, 2018. The Mukesh-Ambani-led company further acquired 9.44% stakes in the same company on February 8, 2019. Reliance has stood as an owner of 29.07% stakes of the Genesis Colors, the holding company of reputed Indian fashion brands – Satya Paul and Bwitch.

Future101 Design

Startup NameFuture101 Design
Founded in2013
FoundersSatinder Singh Kataria
Stakes Owned by Reliance15%

Around the same time when Reliance extended its stakes in Genesis Colors, the company also acquired an additional 2.5% stake in Future101, thereby becoming an owner of 15% of the company's stakes on February 8, 2019. The Gurgaon-based fashion brand designs and manufactures apparel including hand-crafted breeches, suits, jackets, skirts, pants, sarees, and more.

Addverb Technologies

Startup NameAddverb Technologies
Founded in2016
FoundersSangeet Kumar, Prateek Jain, Bir Singh, Satish Kumar Shukla and Amit Kumar
Stakes Owned by Reliance55%

Addverb Technologies is a robotics firm founded in June 2016 by Sangeet Kumar, Prateek Jain, Bir Singh, Satish Kumar Shukla, and Amit Kumar, which offers products 4 verticals — robotics, automated storage, and retrieval systems, picking, and software. Reliance acquired majority stakes (55%) in Addverb Technologies in January 2022 for $132 mn.

Portico

Startup NamePortico
Founded in-
FoundersArun Bhawsingka
Stakes Owned by Reliance37.7%

Reliance has picked up a minority stake in Portico and has already announced buying a majority stake (37.7% stake) in the home fashion brand, as of the reports dated July 6, 2021.

Amante

Startup NameAmante
Founded in2007
FoundersAjay Amalean
Stakes Owned by Reliance100%

Reliance has announced acquiring 100% stakes in the Amante brand from MAS, as per the joint statement issued by the two companies. Founded in October 2007, Amante is a part of MAS Brands, a subsidiary of MAS Holdings.

Rahul Mishra

Startup NameRahul Mishra
Founded in2005
FoundersRahul Mishra
Stakes Owned by Reliance60%

Rahul Mishra is an Indian designer, famously hailed as the first Indian designer to showcase at Paris Haute Couture week. Reliance has formed a partnership with Rahul Mishra on January 31, 2022, which is aimed to be a 60:40 joint venture with the designer's firm. Reliance Brands Limited, a subsidiary of Reliance currently owns 60% stakes in Rahul Mishra's company.

Lithium Werks

Startup NameLithium Werks
Founded in2017
FoundersT. Joseph Fisher III, Christian F. P. Ringvold
Stakes Owned By Reliance100%

All of Lithium Werks' assets were acquired by Reliance New Energy, a wholly-owned subsidiary of RIL, in a deal that is valued at $61 million, as per the reports dated March 16, 2022.

Lithium Werks is a cobalt-free lithium technology and manufacturing company. The Texas headquartered company is a well-known producer of cobalt-free and high-performance lithium iron phosphate batteries. The assets that Reliance has acquired include an annual production capacity of around 200 MWh, including coating, cell and custom module manufacturing capability, 219 patents that also have the exclusive rights of superior LFP nano-technology, cell design, proprietary carbo-thermal reduction manufacturing method, and many other cutting-edge electroactive materials. This acquisition further inches Indian billionaire Mukesh Ambani close to his dream of building the largest renewable energy ecosystem in India. Ambani has reportedly committed to investing close to $10 billion in sustainable energy initiatives throughout a period of 3 years.

(Video) List Of Companies Under Reliance Industries #shorts

Conclusion

Reliance Jio and other Reliance Industries' subsidiaries are likely to continue the acquisition trend to retain leadership in the market. But the results of the acquisitions are yet to be realized from an end user's perspective.

FAQs

How many companies are owned by Reliance Industries? ›

Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.

What are the 7 companies of Mukesh Ambani? ›

Mukesh Ambani Company List (2022)
  • Reliance Retail.
  • Reliance Life Sciences.
  • Reliance Jio Infocom Limited.
  • Reliance Petroleum.
  • Network 18.
  • Football Sports Development Limited.
  • Reliance Industrial Infrastructure Limited.
25 Jun 2022

What companies does Reliance Retail own? ›

Reliance Retail operates Trends, Trends Woman, Trends Man, Trends Footwear, Avantra by Trends, Reliance Jewels, Hamleys formats and a portfolio of more than 50 marquee international brands such as Armani, Burberry, Diesel, GAS, Marks & Spencer, Superdry, Brooks Brothers, Steve Madden and more.

What are the companies under Reliance Group? ›

Quick Links
  • Response to Covid-19.
  • Fraud Alert.
  • Jio.
  • Reliance Retail.
  • Financial Services.
  • AJIO.
  • Reliance Petroleum.
  • Dhirubhai Ambani International School.

Is Subway owned by Reliance? ›

Subway is owned and operated by Doctor's Associates. The company doesn't own a single location, but collects 8% of revenue from each franchisee.

Is AJIO owned by Reliance? ›

AJIO, a fashion and lifestyle brand, is Reliance Retail's digital commerce initiative and is the ultimate fashion destination for styles that are handpicked, on trend and at prices that are the best you'll find anywhere.

Who is richest person in India? ›

Mukesh Ambani has been the richest Indian for 13 consecutive years. He is currently world's 12th richest person according to Forbes. Savitri Jindal is currently India's richest woman topping the list at 9th position.

What is the salary of CEO of Reliance? ›

Reliance jio overall rating is based on 14.9k company reviews, including all brands and wholly owned subsidiaries.
...
Founder & CEO Salary in Companies Similar to Reliance jio.
Company NameAvg. Salary
Founder & CEO Salary (Estimated Salaries)₹ 50,00,000/yr
5 more rows

How much does Mukesh Ambani earn per day? ›

In a single day, Mukesh Ambani & family created a wealth of around ₹163 crore, whereas Gautam Adani & family earned around ₹1,002 crore in just one day. “Gautam Adani is the only Indian to build not one, but five INR 1 lakh crore companies," said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

Which company is recently acquired by Reliance? ›

In December of 2019, RIL-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) acquired a 51.78% stake in robotics and artificial intelligence company Asteria Aerospace Pvt.
...
Asteria Aerospace.
Startup NameAsteria Aerospace
Stakes Owned by Reliance51.78%
2 more rows
22 Mar 2022

Is Zivame owned by Reliance? ›

On March 20, Reliance Retail said it had acquired an 89% stake in online lingerie retailer Clovia, its third acquisition since taking stakes in Zivame and Amante over the last two years.

Which company did Ambani buy recently? ›

New Delhi: Billionaire Mukesh Ambani's Reliance Industries (RIL) said on Monday it is set to acquire New York's premium luxury hotel Mandarin Oriental for $98.15 million.

How many stocks are there in Reliance? ›

Latest Reliance Group shareholdings and portfolio. As per the latest corporate shareholdings filed, Reliance Group publicly holds 23 stocks with a net worth of over Rs. 136,279.1 Cr.

Can I buy Reliance share? ›

How to Buy Reliance Industries Share? You can easily buy Reliance Industries shares in Groww by creating a demat account and getting the KYC documents verified online.

Who is the CEO of Reliance? ›

Mukesh D. Ambani (DIN 00001695) is a Chemical Engineer from the Institute of Chemical Technology, Mumbai (erstwhile the University Department of Chemical Technology, University of Mumbai). He pursued an MBA from Stanford University in the US. He has been on the Board of Reliance since 1977.

Who bought Subway in India? ›

NEW DELHI: The Everstone Group, a South Asia focused private equity company, has bagged the master franchise rights of US fast-food brand Subway for India, Sri Lanka and Bangladesh with the aim of opening over 2,000 outlets in 10 years.

Who took over Subway in India? ›

Everstone, with expertise in growing and building brands in India and South Asia, will lead Subway on an ambitious growth trajectory, with a commitment to more than triple the number of restaurants in 10 years from the nearly 700 locations that exist today,” the company said in a press note.

Who is owner of Subway? ›

What is the full form of Ajio? ›

AJIO Meaning. 2. AJIO. Asociación de Jóvenes por la Información Objetiva. Suggest to this list.

Is team spirit owned by Reliance? ›

This Brand Name Teamspirit is applied by Reliance Retail Limited who has a business location at 3rd Floor, Court House, Lokmanya Tilak Marg, Dhobi Talao, Mumbai - 400002 as per this application.

Who is founder of Ajio? ›

Nair Vineeth

Who is the richest family in India? ›

1. Mukesh Ambani. Much to no one's surprise, Reliance Industries' chairman and managing director, Mukesh Ambani has emerged has the richest person in India according to Forbes Billionaires List 2022 with a net worth of $90.7 billion.

Who is the 2nd richest person in India? ›

Gautam Adani, 60, is the founder of conglomerate Adani Group, the largest port operator in India. The Ahmedabad, India-based infrastructure group is also India's largest closely held thermal coal producer and largest coal trader.

What is the highest salary in reliance? ›

What is the highest salary in Reliance Industries ? The highest-paying job at Reliance Industries is a Vice President (VP) with a salary of ₹102.6 Lakhs per year. The top 10% of employees earn more than ₹15.77 lakhs per year. The top 1% earn more than a whopping ₹40 lakhs per year.

Is Reliance a good company to work for? ›

A very great company to work. Best work safety culture. Company provides best trainings, best salaries. Company believes in continuous improvement process in reliability and safety of plants.

Who is PK Kapil? ›

P K KAPIL - Executive Director - Reliance | LinkedIn.

How many cars Mukesh Ambani have? ›

Mukesh Ambani and Nita Ambani own a total of 168 cars which are parked inside their house Antilia. Out of all these cars, Mukesh and Nita Ambani own 8 luxury cars that cost in crores. Those who don't know, Ambanis own a palatial house, Antilia in Mumbai.

What is the monthly salary of Salman Khan? ›

The total net worth of Salman Khan is approximately $310 Million which in Indian currency converts to Rs. 2420 crores INR. He enjoys an annual income of 190 crores while his monthly income is 16 crores. Major of his earnings come from brand endorsements and the reality show Bigg Boss which he started hosting in 2010.

Who is the richest person in Asia? ›

In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind Jeff Bezos and Bernard Arnault as No.

Is Big Bazaar taken over by Reliance? ›

Reliance takes control of Future Retail stores, including Big Bazaar.

What is the salary of CEO of Reliance? ›

Reliance jio overall rating is based on 14.9k company reviews, including all brands and wholly owned subsidiaries.
...
Founder & CEO Salary in Companies Similar to Reliance jio.
Company NameAvg. Salary
Founder & CEO Salary (Estimated Salaries)₹ 50,00,000/yr
5 more rows

Which company is recently acquired by Reliance? ›

In December of 2019, RIL-owned subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) acquired a 51.78% stake in robotics and artificial intelligence company Asteria Aerospace Pvt.
...
Asteria Aerospace.
Startup NameAsteria Aerospace
Stakes Owned by Reliance51.78%
2 more rows
22 Mar 2022

Which company did Ambani buy recently? ›

New Delhi: Billionaire Mukesh Ambani's Reliance Industries (RIL) said on Monday it is set to acquire New York's premium luxury hotel Mandarin Oriental for $98.15 million.

What is the new name of Big Bazaar? ›

In February 2022, Reliance Industries took control of over 200 Future group stores and rebranded Big Bazaar as Reliance Stores.
...
Big Bazaar.
Big Bazaar at Avani Riverside Mall, now closed.
OwnerKishore Biyani
ParentFuture Group
Websitebigbazaar.com
10 more rows

Is Big Bazaar closing down? ›

Big Bazaar Shuts Down Across India: Reliance Will Rebrand 200 Big Bazaar Outlets & Run Operations. India's second-largest retailer Future Retail Limited or FRL has suspended most of its online and offline operations after Reliance took over at least 200 of its stores due to missed lease payments.

What is Amazon future Reliance case? ›

In the meanwhile, FRL filed a case before the Delhi High Court (HC) arguing that Amazon unlawfully interfered with the sale of its assets to Reliance. On October 25th, 2020, SIAC passed an Emergency Arbitral Award halting the FRL-Reliance deal. FRL later appealed the Emergency Award before the SIAC Arbitral Tribunal.

What is the highest salary in Reliance? ›

What is the highest salary in Reliance Industries ? The highest-paying job at Reliance Industries is a Vice President (VP) with a salary of ₹102.6 Lakhs per year. The top 10% of employees earn more than ₹15.77 lakhs per year. The top 1% earn more than a whopping ₹40 lakhs per year.

Who gets the highest salary in the India? ›

  1. Medical Professionals (Doctors and Surgeons) Healthcare offers one of the highest salary jobs in India. ...
  2. Data Scientist. ...
  3. Machine Learning Experts. ...
  4. Blockchain Developer. ...
  5. Full Stack Software Developer. ...
  6. Product Management. ...
  7. Management Consultant. ...
  8. Investment Banker.

Is Reliance a good company to work for? ›

A very great company to work. Best work safety culture. Company provides best trainings, best salaries. Company believes in continuous improvement process in reliability and safety of plants.

Is Reliance taking over sintex? ›

Reliance Industries Takes Over Sintex. All that You Should be Aware of - Online Demat, Trading, and Mutual Fund Investment in India - Fisdom.

Is Moneycontrol owned by Reliance? ›

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Is just dial owned by Reliance? ›

The platform offers digital product catalogs to businesses and aims at digitalizing India's businesses, especially MSMEs, across categories. Billionaire Mukesh Ambani-led Reliance Retail on Thursday said it has acquired sole control of 25-year-old search and discovery firm Just Dial.

Why is Reliance buying Boots? ›

The deal could be particularly interesting for the scope it offers in the online pharma space. Reliance already holds a majority equity stake in e-pharmacy Netmeds, which it had acquired for around Rs 620 crore. Over the past two years, Reliance has been expanding its presence in the pharma and healthcare sectors.

Will Reliance make batteries? ›

Reliance, Ola to Make Batteries in India Under $2.3 Billion Plan - Bloomberg.

What is the price of Antilia? ›

The approximate cost of Antilia, the Mukesh Ambani house price situated in Altamount road is 15,000 crores.

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