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Timeline of Reliance Industries Limited

190 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"/>
| 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"/>
| 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 RELIANCE CLINICAL RESEARCH SERVICES PRIVATE LIMITED |website=economictimes.indiatimes.com |archiveurlurl=https://economictimeswww.indiatimeszaubacorp.com/company /RELIANCE-CLINICAL-RESEARCH-SERVICES-PRIVATE-LIMITED/U99999MH2000PTC126407 |quotewebsite=Reliance Clinical Research Services Private Limited is a Non-govt company, incorporated on 10 May, 2000zaubacorp. It's a private unlisted company and is classified as 'company limited by shares'. Company's authorized capital stands at Rs 50.0 lakhs and has 99.24% paid-up capital which is Rs 49.62 lakhscom |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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