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Timeline of Reliance Industries Limited

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This is a '''timeline of {{w|Reliance Industries Limited}}''', an Indian multinational conglomerate owing businesses engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
 
== Sample questions ==
 
The following are some interesting questions that can be answered by reading this timeline:
 
* How did RIL diversified and changed focus over time?
* How did RIL leadership change over time? How disputes turned into a split?
* What are important company acquisitions by RIL?
* What are some notable products launched by the company?
* What are some important partnerships and joint ventures by RIL?
==Big picture==
{| class="wikitable"
! Time period !! Development summary Business phase !! More details
|-
| 1958–1966 || The trading phase || Reliance Commercial Corporation (RCC) begins its business activities with the export of spices and other items to the {{w|Middle East}} and {{w|East Africa}}. In this phase, the company operates through partnership or proprietorship firms.<ref name="From “Outsider” to Insider: The Case of Reliance">{{cite web |title=From “Outsider” to Insider: The Case of Reliance |url=https://journals.openedition.org/samaj/4278#tocto2n1 |website=journals.openedition.org |accessdate=13 November 2019}}</ref>
| 1958 || || Early development || In the midst of a worsening political situation in Aden, Dhirajlal returns to India where he starts a yarn trading business from a small 500 square feet office in {{w|Mumbai}} that Ambani rents for two hours per day.<ref name="MAMMOTH">{{cite web |title=MAMMOTH ASPIRATIONS |url=https://www.ril.com/TheRelianceStory.aspx |website=ril.com |accessdate=8 November 2019}}</ref> Reliance Commercial Corporation is established in partnership with Champaklal Damani, Dhirajlal cousin. Initial exports include spices as well as fabrics.<ref name="referenceforbusiness.com"/><ref name="referenceforbusiness.com"/><ref name="RAICHAUDHURI">{{cite book |last1=RAICHAUDHURI |first1=ANJAN |title=MANAGING NEW VENTURES: CONCEPTS AND CASES IN ENTREPRENEURSHIP |url=https://books.google.com.ar/books?id=sFqQSBbn_x0C&pg=PA84&lpg=PA84&dq=Reliance+Commercial+Corporation&source=bl&ots=Sf1FayguQR&sig=ACfU3U32UFnCEJOp1Xmd3uCqIRcgwxlcWw&hl=en&sa=X&ved=2ahUKEwiu5LXpx9vlAhWhHrkGHZReAW0Q6AEwDnoECBEQAQ#v=onepage&q=Reliance%20Commercial%20Corporation&f=false}}</ref>
|-
| 1964 || || Facility || Dhirajlal establishes a textile factory in {{w|Naroda}} near {{w|AhmenabadAhmedabad}}.<ref name="RAICHAUDHURI"/>
|-
| 1965 || || Leadership || Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.<ref name="RAICHAUDHURI"/>
| 1966 || May 8 || {{w|Subsidiary}} || Reliance Textile Industries Ltd is incorporated in {{w|Karnataka}} state as a public limited company under the name Mynylon Ltd. to manufacture synthetic blended yarns and fabrics, polyester filament yarn, polyester glass shells and colour TV picture tubes.<ref name="Reliance Industries Ltd">{{cite web |title=Reliance Industries Ltd. Company History and Annual Growth Details |url=https://www.goodreturns.in/company/reliance-industries/history.html |website=goodreturns.in |accessdate=16 September 2019}}</ref>
|-
| 1966 || July 1 || [[w:Mergers and acquisitions|Merger]] || Reliance Textile Industries Ltd, is amalgamated with Mynylon Ltd.<ref name="Reliance Industries Ltd"/>
|-
| 1969 || || {{w|Incorporation}} || Reliance Exports is incorporated.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
|-
| 1982 || || Product || Reliance Textiles Industries launches phase-I of the Polyester Filament Yarn (PFY) plant at {{w|Patalganga}}.<ref name=Milestones/>
|-
| 1982 || || Leadership || {{w|Dhirubhai Ambani}} elder son [[w:Mukesh Ambani|Mukesh]] is entrusted with the task and begins by overseeing the first phase of a polyester filament yarn in {{w|Patalganga}}, {{w|Maharashtra}}.<ref name="Milestonesv">{{cite web |title=Reliance Industries: Milestones of an oil giant |url=https://www.ndtv.com/photos/business/reliance-industries-milestones-of-an-oil-giant-13970#photo-181473 |website=ndtv.com |accessdate=14 November 2019}}</ref>
|-
| 1983 || || Leadership || {{w|Dhirubhai Ambani}} younger son [[w:Anil Ambani|Anil]] joins RIL.<ref name="Milestonesv"/>
|-
| 1985 || June 27 || Renaming || Reliance Textiles Industries Ltd changes its name to Reliance Industries Ltd.<ref name="Reliance Industries Ltd"/><ref name="RELIANCE INDUSTRIES"/><ref name="RAICHAUDHURI"/>
|-
| 1988 || || Product || RIL starts the {{w|paraxylene}} plant at {{w|Patalganga}}.<ref name=Milestones/>
|-
| 1988 || September 29 || {{w|Subsidiary}} || {{w|Reliance Industrial Infrastructure}} is incorporated. Its immediate object is to undertake a project for the laying of two cross country pipelines from {{w|Bharat Petroleum}} refinery at {{w|Chembur}} in Bombay to RIL petrochemicals complex at {{w|Patalganga}}.<ref>{{cite web |title=Reliance Industrial Infrastructure |url=https://www.moneycontrol.com/company-facts/relianceindustrialinfrastructure/history/RII |website=moneycontrol.com |accessdate=16 November 2019}}</ref>
|-
| 1988 || || Financial || RIL sales cross Rs. 1,000 crores mark.<ref name="ndtv.com"/>
| 1994 || || Product || RIL introduces its new product, Linear Low-Density Polyethylene Octene.<ref name="Reliance Industries Ltd"/>
|-
| 1994 || || Financial || RIL offers the second Euro issue of {{w|Global Depository Receipt}}s (GDR).<ref name=Milestones/> " Offered the second Euro issue of GDR."<ref name="ndtv.com"/>
|-
| 1995 || || Facility || RIL commissions a new {{w|triethylene glycol}} (TEG) manufacturing factory with a capacity of 10,000 TPA to add value to {{w|diethylene glycol}} (DEG), a by product from its monoethylene Glycol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application.<ref name="Reliance Industries Ltd"/>
| 1998 || || Business expansion || RIL enters the health-care sector with an initial investment of Rs.100 crore, and becomes joint trustee of Sir Hurkisondas Nurrotumdas Hospital at Charni Road in Mumbai.<ref name="Reliance Industries Ltd"/>
|-
| 1998 || || Recognition Leadership || {{w|Dhirubhai Ambani}} is awarded the Dean's Medal by the {{w|Wharton School of the University of Pennsylvania}}, "for setting an outstanding example of leadership."<ref name=Milestones/>
|-
| 1998 || || Financial || RIL Total Assets cross Rs. 35,000 crore and revenues cross Rs. 14,000 crore.<ref name="ndtv.com"/>
|-
| 2000 || || Facility || RIL commissions the world's largest grassroots refinery in {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/><ref name="RAICHAUDHURI"/><ref name=Milestones/>
|-
| 2000 || May 10 || Subsidiary || Reliance Clinical Research Services is incorporated.<ref>{{cite web |title=RELIANCE CLINICAL RESEARCH SERVICES PRIVATE LIMITED |url=https://www.zaubacorp.com/company/RELIANCE-CLINICAL-RESEARCH-SERVICES-PRIVATE-LIMITED/U99999MH2000PTC126407 |website=zaubacorp.com |accessdate=9 December 2019}}</ref>
|-
| 2000 || || Financial || RIL group profits cross Rs. 2,500 crore mark, revenues cross Rs. 20,000 crore mark, and total assets cross Rs. 50,000 crore.<ref name="ndtv.com"/>
|-
| 2000–2001 || || Financial || Reliance Industries Ltd. and Reliance Petroleum Ltd. become India's two largest companies in terms of all major financial parameters.<ref name=Milestones/>
|-
| 2001 || January || Subsidiary || [[w:Reliance Institute of Life Sciences|Reliance Life Sciences]] is incorporated. It operates in the {{w|biotechnology}} sector.<ref>{{cite web |title=Reliance Life Sciences's Competitors, Revenue, Number of Employees, Funding and Acquisitions |url=https://www.owler.com/company/rellife |website=owler.com |accessdate=16 November 2019}}</ref>
|-
| 2001 || || Financial || RIL revenues cross Rs. 60,000 crore, and becomes largest business group in India.<ref name="ndtv.com"/>
|-
| 2001 || || Growth || Reliance Industries and {{w|Reliance Petroleum}} become India's largest companies.<ref name="Milestonesv"/>
|-
| 2001 || || Subsidiary || Reliance Logistics Private Limited is founded. It operates vessels for the transportation of freight on the deep seas.<ref>{{cite web |title=Reliance |url=https://www.scribd.com/presentation/116104207/Reliance-Industries |website=scribd.com |accessdate=17 November 2019}}</ref><ref>{{cite web |title=Reliance Logistics Pvt Ltd |url=https://www.bloomberg.com/profile/company/2246648Z:IN |website=bloomberg.com |accessdate=17 November 2019}}</ref>
|-
| 2001–2002 || || Recognition || {{w|Dhirubhai Ambani}} receives The Economic Times Award for Corporate Excellence for Lifetime Achievement.<ref name=Milestones/>
| 2006 || || Expansion || RIL enters the organized retail segment through Reliance Retail with its first Reliance Fresh store in {{w|Hyderabad}}.<ref name="RELIANCE INDUSTRIES"/>
|-
| 2006 || July 10 || Split up || RIL splits in two, following four years of dispute between Mukesh and Anil. Mukesh gets Reliance Industries and {{w|Indian Petrochemicals Corporation Limited}}. The latter walks away from RIL with the conglomerate's telecom, power, natural-resources and financial-services business, which form the core of what would be dubbed {{w|Reliance Group}}.<ref name="Delhi Press Magazines">{{cite book |title=The Caravan: September 2018 |publisher=Delhi Press Magazines |url=https://books.google.com.ar/books?id=vA9uDwAAQBAJ&pg=PA39&dq=%22Reliance+Group%22+%22in+2006%22&hl=en&sa=X&ved=0ahUKEwj40ajD09vlAhWjLLkGHSjdDs8Q6AEILzAB#v=onepage&q=%22Reliance%20Group%22%20%22in%202006%22&f=false}}</ref><ref name="Milestonesv"/>
|-
| 2006 || || Financial || RIL places US$300 million in US Private Placement Market, becoming the first Indian company to raise money through this route. The company declares dividend of 100%.<ref name="ndtv.com"/><ref name="ndtv.com">{{cite web |title=Reliance Industries Ltd. |url=https://www.ndtv.com/business/stock/reliance-industries-ltd_reliance/reports |website=ndtv.com |accessdate=17 September 2019}}</ref>
| 2007 || || Financial || RIL revenue crosses Rs. 100,000 crore mark, net Profit crosses Rs. 10,000 crore mark, and total assets cross Rs. 100,000 crore mark, unparalleled in the Indian private sector. Exports cross Rs. 60,000 crore mark, 12% of India's total exports. RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the Indian private sector.<ref name="ndtv.com"/>
|-
| 2008 || April || Product || RIL signs gas sales and purchase agreement with the customers in power sector for supply of {{w|natural gas }} to be produced from the [[w:Krishna Godavari Basin|KG-D6 block]].<ref name="RELIANCE INDUSTRIES"/>
|-
| 2008 || || Financial || RIL revenue crosses Rs. 130,000 crore mark, net profit crossed Rs. 15,000 crore mark and Total Assets crossed Rs. 140,000 crore mark, unparalleled in the Indian private sector. Exports cross Rs. 80,000 crore mark, 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian private sector.<ref name="ndtv.com"/>
| 2008 || || Financial || RIL reaches an aggregated worth of approximately US$ 125 billion, around a hundred direct and many more affiliated companies, more than 80,000 global employees, and is structured as 'several hundred investment companies, satellite companies and trusts''.<ref name="Chatterjee"/>
|-
| 2009 || April 2 || Hydrocarbon production || RIL commences production of {{w|hydrocarbon}}s in its KGD6 block in the {{w|Krishna Godavari Basin}} with the production of sweet crude of 420 API.<ref name="RELIANCE INDUSTRIES"/><ref name="MAMMOTH"/>
|-
| 2009 || || Recognition || American global management consulting firm {{w|A T Kearney}} lists RIL as one of the Top 25 Global Champion for 2009 which manages to outperform the competition in the midst of global financial meltdown.<ref name=Milestones/>
| 2010 || August || Acquisition || RIL acquires the equity shares of EIH Ltd representing 14.12% from [[w:The Oberoi Group|Oberoi Hotels]] and certain other promoters at a total cost of Rs 1021 crore.<ref name="RELIANCE INDUSTRIES"/>
|-
| 2010 || December || {{w| Joint venture }} || RIL enters into a joint venture agreement with Russian petrochemical company {{w|Sibur}} for the production of {{w|butyl rubber}} in India.<ref name="RELIANCE INDUSTRIES"/>
|-
| 2010 || || Recognition || RIL is ranked 68th in the {{w|Financial Times Global 500}} list of the world's largest companies (up from previous year's 75th rank).<ref name="ndtv.com"/>
|-
| 2011 || February || {{w| Partnership }} || RIL enters into a strategic partnership with {{w|British Petroleum}} which comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that the company operates in India for a consideration of US$ 7.20 billion and the formation of a 50:50 joing joint venture between the two companies for the sourcing and marketing of gas in India.<ref name="RELIANCE INDUSTRIES"/>
|-
| 2011 || March || Joint venture || RIL and [[w:D. E. Shaw & Co.|D E Shaw Group]] agree to establish a {{w|joint venture}} to build a financial services business in India, incorporating the D E Shaw Group's investment and technology expertise with RIL's operational knowledge and extensive presence across India to offer a comprehensive array of financial services to the Indian marketplace. <ref name="RELIANCE INDUSTRIES"/>
|-
| 2011 || April || {{w|Hydrocarbon exploration}} || RIL announces a rich {{w|natural gas}} discovery in the very first well it drilled on a deep sea block in the {{w|Cauvery}} basin.<ref name=Milestones/><ref>{{cite web |title=RIL finds gas in first well it drilled in Cauvery basin |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-finds-gas-in-first-well-it-drilled-in-cauvery-basin/articleshow/8048439.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=7 November 2019}}</ref><ref>{{cite web |title=Reliance Reports Significant Gas and Condensate Discovery Offshore India |url=https://www.offshoreenergytoday.com/reliance-reports-significant-gas-and-condensate-discovery-offshore-india/ |website=offshoreenergytoday.com |accessdate=7 November 2019}}</ref>
|-
| 2011 || June 10 || Acquisition || RIL and its associate Reliance Industrial Infrastructure Ltd enter into an agreement with {{w|Bharti Enterprises}} for acquiring Bharti's shareholding of 74% in Bharti Axa Life Insurance Co Ltd and Bharti Axa General Insurance Co Ltd. <ref name="RELIANCE INDUSTRIES"/><ref>{{cite web |title=Reliance Industries partners Siemens to offer homeland security systems |url=https://www.thehindubusinessline.com/info-tech/Reliance-Industries-partners-Siemens-to-offer-homeland-security-systems/article20338114.ece?test=1&textsize=large |website=thehindubusinessline.com |accessdate=14 November 2019}}</ref>
|-
| 2011 || September || {{w|Partnership}} || Reliance Security Solutions Ltd, a subsidiary of the company Siemens Ltd, sign a partners with {{w|memorandum of understandingSiemens}} to jointly develop Homeland Security Solutions homeland security solutions for Highways safe, secure and smart cities and highways in India.<ref name="RELIANCE INDUSTRIES"/>
|-
| 2011 || November || {{w| Joint venture }} || RIL and {{w|British Petroleum}} announce the incorporation of India Gas Solutions Pvt Ltd, an equal-equity joint venture aimed at focusing on {{w|global sourcing}} and marketing of {{w|natural gas}} in India.<ref>{{cite web |title=RIL Forms 50:50 Gas Sourcing & Marketing JV With BP |url=https://www.vccircle.com/ril-forms-5050-gas-sourcing-marketing-jv-bp/ |website=vccircle.com |accessdate=7 November 2019}}</ref><ref>{{cite web |title=BP AND RELIANCE INDUSTRIES ANNOUNCE INCORPORATION OF INDIA GAS SOLUTIONS PVT. LTD. |url=https://www.bp.com/content/dam/bp-country/en_in/india/documents/JV%20announcement%20press%20release.pdf |website=bp.com |accessdate=7 November 2019}}</ref>
|-
| 2012 || January || Financial || RIL announces India's largest share buy-back program comprising buyback of up to 120,000,000 fully paid up equity shares of Rs. 10 each.<ref name=Milestones/>
|-
| 2012 || February || {{w| Joint venture }} || RIL and Russian petrochemicals company Sibur agree to form a {{w|joint venture}} named Reliance Sibur Elastomers Pvt Ltd to produce 100000 tons of {{w|butyl rubber}} per year in {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/> RIL's share in the JV would total 74.9% with Sibur accounting for the rest.<ref name=Milestones/>
|-
| 2012 || March || Recognition || RIL becomes the first Indian company to be certified as "Responsible Care Company" under stringent standards of {{w|American Chemistry Council}}. RIL's Petrochemical Business wins this accolade for its robust management system.<ref name=Milestones/>
|-
| 2012 || May || Contract || RIL selects American firm {{w|Fluor Corporation}} to perform project management services for its projects being executed at its {{w|Jamnagar}} refining and petrochemical complex in {{w|Gujarat}}.<ref>{{cite web |title=Reliance selects UK based Fluor for project management at its Jamnagar refinery |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/reliance-selects-uk-based-fluor-for-project-management-at-its-jamnagar-refinery/articleshow/13082211.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=17 September 2019}}</ref><ref>{{cite web |title=Fluor Selected by Reliance for Project Management of Refinery and Petrochemicals Expansions in India |url=https://newsroom.fluor.com/press-release/energy-and-chemicals/fluor-selected-reliance-project-management-refinery-and-petrochem |website=newsroom.fluor.com |accessdate=14 November 2019}}</ref><ref>{{cite web |title=Reliance selects UK based Fluor for project management at its Jamnagar refinery |url=https://economictimes.indiatimes.com/industry/energy/oil-gas/reliance-selects-uk-based-fluor-for-project-management-at-its-jamnagar-refinery/articleshow/13082211.cms |website=economictimes.indiatimes.com |accessdate=14 November 2019}}</ref>
|-
| 2013 || January || Renaming || RIL owned Infotel Broadband Services is renamed {{w|Reliance Jio Infocomm Limited}}. The subsidiary is the only company in India that is capable of providing {{w|4G}} services through the country because of its 20 MHz pan-India spectrum.<ref>{{cite web |title=RIL’s Infotel Broadband is now Reliance Jio Infocomm: Report |url=https://www.bgr.in/news/ril%E2%80%99s-infotel-broadband-is-now-reliance-jio-infocomm-report-265261/ |website=bgr.in |accessdate=14 November 2019}}</ref>
|-
| 2014 || || Financial || {{w|Reliance Retail}} becomes the largest retailer by revenue in the year.<ref>{{cite web |title=Reliance Retail may become India’s largest retailer by revenues |url=https://economictimes.indiatimes.com/industry/services/retail/reliance-retail-may-become-indias-largest-retailer-by-revenues/articleshow/33919541.cms |website=economictimes.indiatimes.com |accessdate=9 November 2019}}</ref><ref name="MAMMOTH"/>
|-
| 2015 || || Subsidiary || {{w|LYF}} is established by {{w|Reliance Jio}} as a {{w|mobile handset}} company. Headquartered in {{w|Mumbai}}, it manufactures {{w|4G}}-enabled {{w|VoLTE}} smartphones which run on [[w:Android (operating system)|Android]].<ref>{{citation|first=|title=Reliance Industries launches cellphone brand LYF, will sell 4G phone under it|date=16 October 2015|url=http://economictimes.indiatimes.com/magazines/panache/reliance-industries-launches-cellphone-brand-lyf-will-sell-4g-phone-under-it/articleshow/49414719.cms|work={{w|The Economic Times}}|access-date=16 November 2019|last=}}</ref><ref>{{citation|first=|title=Reliance Jio Unveiled A 4G Device Under Lyf Brand|date=10 January 2016|url=http://www.gizmodo.in/indiamodo/Reliance-Jio-Unveiled-A-4G-Device-Under-Lyf-Brand/articleshow/50517335.cms|publisher={{w|Gizmodo}} - India|access-date=16 November 2019|last=|website=}}</ref><ref>{{citation|first=|title=Reliance Jio unveils low-cost 4G mobile phones LYF|date=8 January 2016|url=http://www.financialexpress.com/article/industry/companies/reliance-jio-unveils-low-cost-4g-mobile-phones-lyf/190790/|work=[[w:The Financial Express (India)|The Financial Express]]|access-date=16 November 2019}}</ref>
|-
| 2015 || December || Recognition || RIL wins 'energy Oscars' Platts Global Energy Award for robust {{w|corporate social responsibility}} role.<ref>{{cite web |title=Reliance Industries wins 'energy Oscars' Platts Global Energy Award for robust CSR role |url=https://www.firstpost.com/business/reliance-industries-wins-energy-oscars-platts-global-energy-award-for-robust-csr-role-2541012.html |website=firstpost.com |accessdate=17 September 2019}}</ref>
|-
| 2018 || || Ranking || RIL is ranked 148th on the {{w|Fortune Global 500}} list of the world's biggest corporations as of 2018.<ref>{{cite news | url=http://beta.fortune.com/global500/list/filtered?hqcountry=India | title=Fortune Global 500 list | work=CNN Money | accessdate=17 September 2019}}</ref>
|-
| 2019 || March || Leadership || According to {{w|Forbes magazine}}, {{w|Mukesh Ambani}} is the richest man in {{w|Asia}}<ref>{{Cite web|url=https://www.financialexpress.com/industry/mukesh-ambani-among-most-trusted-indians-but-these-businessmen-outrank-ril-boss/1584270/|title=Mukesh Ambani among most trusted Indians, but these businessmen outrank RIL boss|date=2019-05-21|website=The Financial Express|access-date=14 November 2019}}</ref> and the 13th richest person in the world.<ref>{{cite web|title=BILLIONAIRES, THE RICHEST PEOPLE IN THE WORLD |url=https://www.forbes.com/billionaires/#69fb91ee251c }}</ref>
|-
| 2019 || October || Financial || RIL becomes the first Indian firm to cross Rs 9 lakh crore market valuation mark.<ref>{{Cite web|url=https://timesofindia.indiatimes.com/business/india-business/reliance-industries-becomes-first-indian-company-to-cross-market-valuation-of-rs-9-lakh-crore/articleshow/71644857.cms|title=Reliance Industries becomes first Indian company to cross market valuation of Rs 9 lakh crore - Times of India|website=The Times of India|access-date=8 November 2019}}</ref>
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