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Timeline of Reliance Industries Limited

3,334 bytes added, 12:47, 9 December 2019
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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==
| 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>
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| 1964 || || Facility || Dhirajlal establishes a textile factory in {{w|Naroda}} near {{w|AhmenabadAhmedabad}}.<ref name="RAICHAUDHURI"/>
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| 1965 || || Leadership || Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.<ref name="RAICHAUDHURI"/>
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| 1988 || || Product || RIL starts the {{w|paraxylene}} plant at {{w|Patalganga}}.<ref name=Milestones/>
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| 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>
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| 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"/>
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| 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"/>
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| 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"/>
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| 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/>
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| 1998 || || Financial || RIL Total Assets cross Rs. 35,000 crore and revenues cross Rs. 14,000 crore.<ref name="ndtv.com"/>
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| 2000 || || Facility || RIL commissions the world's largest grassroots refinery in {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/><ref name="RAICHAUDHURI"/><ref name=Milestones/>
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| 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>
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| 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"/>
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| 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/>
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| 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>
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| 2001 || || Financial || RIL revenues cross Rs. 60,000 crore, and becomes largest business group in India.<ref name="ndtv.com"/>
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| 2001 || || Growth || Reliance Industries and {{w|Reliance Petroleum}} become India's largest companies.<ref name="Milestonesv"/>
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| 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>
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| 2001–2002 || || Recognition || {{w|Dhirubhai Ambani}} receives The Economic Times Award for Corporate Excellence for Lifetime Achievement.<ref name=Milestones/>
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| 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"/>
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| 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>
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| 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>
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