Post on 16-Dec-2015
Minutes of the Presentation
• Founder’s Biography• Company Profile• Reliance after Late Dhirubhai
Ambani• The Authority War• Suggestions• Future of Reliance
Dhirubhai H. Ambani
• Founder Chairman, Reliance Industries Limited, India
December 28, 1922 - July 6, 2002
Some Facts:At the age of 17 worked for A. Besse &
Co. Ltd., the sole selling distributor of Shell products.
In the year 1958 started his first company, Reliance Commercial Corporation, a commodity trading and export house.
In the year 1966 started the textile mill in Naroda, Ahmedabad.
In the year 1975, a technical team from the World Bank certified that the Reliance textile plant was "excellent by developed country standards."
In the year 1977, the company went public.
Today, the Reliance Group has one of the largest family of shareholders in the world. With an investment of over Rs 26,000 crore (US$ 9 billion) in petroleum refining, petrochemicals, power generation, telecommunication services and a port terminal
Company Profile• Total Revenues More than 100000
Crore
• cash profit of Rs 12,500 crore
• net profit of Rs 6,200 crore
• exports of Rs 15,900 crore
Group Companies
1. Reliance Industries Limited
2. Reliance Capital Limited
3. Reliance Capital Mutual Fund
4. Reliance Industrial Infrastructure Limited
5. Reliance Energy
6. Reliance Telecom 7. Reliance Infocomm 8. Reliance General Insurance
Co Ltd 9. Reliance Life Sciences10. Indian Petrochemicals
Corporation Ltd
Some Facts About Reliance• Reliance Group Revenues are
nearly 3.5% of India’s GDP
• 1 out of 4 investor in India is a Reliance Shareholder
• Reliance Group contribute 10% of Indian govt. indirect tax revenue
• Reliance Group contribute 6% of Indias Total Exports
• Reliance Group contribute 17% of the profit of entire corporate sector in India
• Reliance is the first and only fortune 500 global company of India
The Mortal Effect
On June 24, Dhirubhai Ambani, suffered a cerebral stroke, lost consciousness, and lay near death in a Bombay hospital
The New BOD• Chairman & MD: Mukesh Ambani
• Vice Chairman & MD: Anil Ambani
+Six Directors and Three Company Secretaries
The ConflictOn Nov. 16 2004
Mukesh D. Ambani, chairman of petrochemicals giant Reliance Industries Ltd., told the local CNBC affiliate that Reliance faced "ownership issues."
Reasons For Conflict
• Dhirubhai’s death without making the will statement.
• Authority Division
• Poor corporate Governance
Results of the Conflict• its stock fall by 3.4% in one day
• The group's market capitalization dropped by $550 million
• Six directors of Reliance Energy quit
Suggestions from Experts
• Sucheta Dalal advices to settle it by court not by media.
• P.Chidambaram advices to settle it down by sitting together.
Our Suggestions:
• Anil Ambani should seek Justice through Courts
• Leave Media War
• Find a way By sitting Together