Difference between revisions of "Timeline of Reliance Industries Limited"

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This is a '''timeline of {{w|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.  
  
 
==Big picture==
 
==Big picture==
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{| class="wikitable"
 +
! Time period !! 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> 
 +
|-
 +
| 1966–1977 || First textile phase || Reliance organizational features change when first one and then a few other narrowly-held private limited companies are added to the group’s stable. Reliance Textiles is established and a number of textile companies are incorporated into the group. While exports are continued as a means of securing import entitlements, by the mid-seventies manufacturing and sales activity is mainly directed towards the domestic market. The group export earnings even decline, while the dependence on imports for production and expansion activity remains substantial.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
 +
|-
 +
| 1977–1990 || Switch to petrochemicals || The principal group company becomes an extremely widely held public limited company, with a rapid proliferation in the number of companies in the group.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
 +
|-
 +
| 1991-onwards || Liberal India/Expansion into healthcare and telecommunications || RIL business diversifies. In 1992 the company becomes the first Indian company to raise money in global markets. In 1995 the group enters the {{w|telecommunications}} industry. In 1998, RIL enters the {{w|healthcare}} sector. In 2006 RIL enters the organized retail segment through Reliance Retail. {{w|Reliance Jio}} is incorporated in 2007 and launches its services in 2015.
 +
|-
 +
|}
  
 
{| class="wikitable"
 
{| class="wikitable"
! Time period !! Development summary  
+
! Decade !! Development summary  
 
|-
 
|-
 
| 1950s || In the late decade, {{w|Dhirajlal Hirachand Ambani}} in India establishes an import-export business, eventually focusing on the textile market, which would become Reliance Textiles.  
 
| 1950s || In the late decade, {{w|Dhirajlal Hirachand Ambani}} in India establishes an import-export business, eventually focusing on the textile market, which would become Reliance Textiles.  
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| 1990s || Reliance Refineries is established in 1991, and launches its public offering in 1993. In 1997 Reliance Petroleum launches construction of India's largest oil refinery at {{w|Jamnagar}}. In 1999, the company wins a bid for 12 exploration blocks auctioned off by the {{w|Indian government}}.<ref name="referenceforbusiness.com"/>
 
| 1990s || Reliance Refineries is established in 1991, and launches its public offering in 1993. In 1997 Reliance Petroleum launches construction of India's largest oil refinery at {{w|Jamnagar}}. In 1999, the company wins a bid for 12 exploration blocks auctioned off by the {{w|Indian government}}.<ref name="referenceforbusiness.com"/>
 
|-
 
|-
| 2000s || In 2002, Reliance locates the largest Indian natural gas field in decades. In the same year, Dhirubhai Ambani dies at age 69; Reliance Petroleum merges into Reliance Industries. Following the acquisition of Germany's {{w|Trevira}} in 2004, RIL becomes the world's leading polyester manufacturer, with production levels topping 25 million meters per year.<ref name="referenceforbusiness.com"/> In 2006, Reliance Industries is broken up between the Ambani brothers.<ref name="referenceforbusiness.com"/>  
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| 2000s || In 2002, Reliance locates the largest Indian natural gas field in decades. In the same year, {{w|Dhirubhai Ambani}} dies at age 69. Reliance Petroleum merges into Reliance Industries. Following the acquisition of Germany's {{w|Trevira}} in 2004, RIL becomes the world's leading polyester manufacturer, with production levels topping 25 million meters per year.<ref name="referenceforbusiness.com"/> In 2006, Reliance Industries is broken up between the Ambani brothers.<ref name="referenceforbusiness.com"/> As of 2007 RIL has two major business segments, petroleum refining and marketing, and petrochemicals.<ref name="Goodrich"/>
 
|-
 
|-
| 2010s || The company is ranked 106th on the {{w|Fortune Global 500}} list of the world's biggest corporations as of 2019.  
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| 2010s || [[w:Reliance Jio Infocomm Limited|Reliance Jio]] launches its services in 2015, and becomes the only company in India that is capable of providing {{w|4G}} services through the country. RIL is ranked 106th on the {{w|Fortune Global 500}} list of the world's biggest corporations as of 2019.  
 
|-
 
|-
 
|}
 
|}
 
{| class="wikitable"
 
! Time period !! Development summary !! 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}}.<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> 
 
|-
 
| 1966–1977 || First textile phase ||
 
|-
 
| 1977–1990 || Switch to petrochemicals ||
 
|-
 
| 1991-onwards ||
 
|-
 
|}
 
 
  
 
==Full timeline==
 
==Full timeline==
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! Year !! Month and date !! Event type !! Details
 
! Year !! Month and date !! Event type !! Details
 
|-
 
|-
| 1932 || || || {{w|Dhirajlal Hirachand Ambani}} is born to a lower middle class schoolteacher's family in {{w|Chorwad}}, {{w|Gujarat}}.<ref name="referenceforbusiness.com">{{cite web |title=Reliance Industries Ltd. |url=https://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html |website=referenceforbusiness.com |accessdate=8 November 2019}}</ref>
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| 1932 || || Prelude || {{w|Dhirajlal Hirachand Ambani}} is born to a lower middle class schoolteacher's family in {{w|Chorwad}}, {{w|Gujarat}}.<ref name="referenceforbusiness.com">{{cite web |title=Reliance Industries Ltd. |url=https://www.referenceforbusiness.com/history2/78/Reliance-Industries-Ltd.html |website=referenceforbusiness.com |accessdate=8 November 2019}}</ref>
 
|-
 
|-
| 1948 || || || At the age of 16, instead of becoming a teacher himself as an alernative of not being able to afford university, Ambani travels to the port city of Aden where he begins working as a clerk at a service station. Ambani would remain in Aden for nearly ten years, rising to become Burmah Shell's marketing manager.<ref name="referenceforbusiness.com"/>
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| 1948 || || Prelude || At the age of 16, instead of becoming a teacher himself as an alernative of not being able to afford university, Ambani travels to the port city of Aden where he begins working as a clerk at a service station. Ambani would remain in Aden for nearly ten years, rising to become Burmah Shell's marketing manager.<ref name="referenceforbusiness.com"/>
 
|-
 
|-
| 1958 || || || 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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| 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 || || || Dhirajlal establishes a textile factory in {{w|Naroda}} near {{w|Ahmenabad}}.<ref name="RAICHAUDHURI"/>
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| 1964 || || Facility || Dhirajlal establishes a textile factory in {{w|Naroda}} near {{w|Ahmedabad}}.<ref name="RAICHAUDHURI"/>
 
|-
 
|-
 
| 1965 || || Leadership || Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.<ref name="RAICHAUDHURI"/>
 
| 1965 || || Leadership || Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.<ref name="RAICHAUDHURI"/>
 
|-
 
|-
| 1966 || February 11 || || Reliance Textiles Industries Pvt Ltd is founded by {{w|Dhirubhai Ambani}} in {{w|Bombay}}.<ref name="Reliance Industries Ltd"/><ref name="RELIANCE INDUSTRIES"/>
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| 1966 || February 11 || Founding || Reliance Textiles Industries Pvt Ltd is founded by {{w|Dhirubhai Ambani}} in {{w|Bombay}}.<ref name="Reliance Industries Ltd"/><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
 
| 1966 || || Facility || A synthetic fabrics mill is established at {{w|Naroda}} in {{w|Gujarat}}.<ref name="Reliance Industries Ltd"/>
 
| 1966 || || Facility || A synthetic fabrics mill is established at {{w|Naroda}} in {{w|Gujarat}}.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1966 || May 8 || || 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>
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| 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 || || Reliance Textile Industries Ltd, is amalgamated with Mynylon Ltd.<ref name="Reliance Industries Ltd"/>
+
| 1966 || July 1 || [[w:Mergers and acquisitions|Merger]] || Reliance Textile Industries Ltd is amalgamated with Mynylon Ltd.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1969 || || || Reliance Exports is incorporated.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
+
| 1969 || || {{w|Incorporation}} || Reliance Exports is incorporated.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
 
|-
 
|-
| 1973 || May 8 || || RIL is incorporated.<ref name="RELIANCE INDUSTRIES"/>
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| 1973 || May 8 || {{w|Incorporation}} || RIL is incorporated as Mynylon Limited in the State of {{w|Karnataka}}.<ref name="Goodrich">{{cite journal |last1=Singh |first1=Manohar |last2=Goodrich |first2=James A. |title=Succession in Family-Owned Businesses: A Case Study of Reliance Industries-India |doi=10.2139/ssrn.954715 |url=https://papers.ssrn.com/sol3/papers.cfm?abstract_id=954715}}</ref><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 1973 || || || Reliance group incorporates Vimal Fabrics.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
+
| 1973 || || {{w|Subsidiary}} || Reliance group incorporates Vimal Fabrics.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
 
|-
 
|-
 
| 1975 || June 28 || || RIL is converted into a public limited company.<ref name="Reliance Industries Ltd"/>  
 
| 1975 || June 28 || || RIL is converted into a public limited company.<ref name="Reliance Industries Ltd"/>  
 
|-
 
|-
| 1975 || October 15 || || Reliance group incorporates Anil Fabrics.<ref name="From “Outsider” to Insider: The Case of Reliance"/><ref>{{cite web |title=ANIL FABRICS PRIVATE LIMITED |url=https://www.zaubacorp.com/company/ANIL-FABRICS-PRIVATE-LIMITED/U01110MH1975PTC018603 |website=zaubacorp.com |accessdate=13 November 2019}}</ref>
+
| 1975 || October 15 || {{w|Subsidiary}} || Reliance group incorporates Anil Fabrics<ref name="From “Outsider” to Insider: The Case of Reliance"/><ref>{{cite web |title=ANIL FABRICS PRIVATE LIMITED |url=https://www.zaubacorp.com/company/ANIL-FABRICS-PRIVATE-LIMITED/U01110MH1975PTC018603 |website=zaubacorp.com |accessdate=13 November 2019}}</ref>, Dipti Textile Industries<ref>{{cite web |title=Dipti Textile Industries Private Limited |url=https://finpinch.com/in/company/details/dipti-textile-industries-private-limited/U18101MH1975PTC018602 |website=finpinch.com |accessdate=13 November 2019}}</ref>, and Nina Textile Industries.<ref>{{cite web |title=NINA TEXTILE INDUSTRIES PRIVATE LIMITED |url=https://economictimes.indiatimes.com/company/nina-textile-industries-private-limited-/U99999MH1975PTC018601 |website=economictimes.indiatimes.com |accessdate=13 November 2019}}</ref>
 +
|-
 +
| 1975–1976 || || Financial || Reliance group crosses the Rs. 20 crores (200 million) mark in terms of value of assets.<ref name="From “Outsider” to Insider: The Case of Reliance"/>
 
|-
 
|-
| 1977 || March 11 || || The name of Mynylon Ltd changes to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fiber chemicals and allied products colour TV glass shells and colour TV picture tubes. Mynylon yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The fabrics are marketed under the brand name "VIMAL".<ref name="Reliance Industries Ltd"/>
+
| 1977 || March 11 || Renaming || The name of Mynylon Ltd changes to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fiber chemicals and allied products colour TV glass shells and colour TV picture tubes. Mynylon yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The fabrics are marketed under the brand name "VIMAL".<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1977 || November || || Reliance launches its {{w|Initial public offering}}, with {{w|Dhirubhai Ambani}} introducing {{w|equity}} cult in India, a new model of business leadership from a base of the broadest public shareholding.<ref name=Milestones>{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |website=RIL.com |accessdate=22 August 2013 |deadurl=yes |archiveurl=https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html |archivedate=17 August 2013 |df=dmy-all }}</ref><ref name="Reliance Industries Ltd"/><ref name="MAMMOTH"/> The IPO, of 2.8 million shares, raise US$1.8 million, and is considered among the largest in India at the time.<ref name="referenceforbusiness.com"/>
+
| 1977 || November || Financial || Reliance launches its {{w|Initial public offering}}, with {{w|Dhirubhai Ambani}} introducing {{w|equity}} cult in India, a new model of business leadership from a base of the broadest public shareholding.<ref name=Milestones>{{cite web |title=Major Milestones |url=http://www.ril.com/html/aboutus/major_milestones.html |website=RIL.com |accessdate=22 August 2013 |deadurl=yes |archiveurl=https://web.archive.org/web/20130817071250/http://www.ril.com/html/aboutus/major_milestones.html |archivedate=17 August 2013 |df=dmy-all }}</ref><ref name="Reliance Industries Ltd"/><ref name="MAMMOTH"/> The IPO, of 2.8 million shares, raise US$1.8 million, and is considered among the largest in India at the time.<ref name="referenceforbusiness.com"/>
 
|-
 
|-
| 1979 || || || RIL establishes a texturizing/twisting facility, as well as plants for Polyester Staple Fiber (PSF) in 1986 and for Linear Alkyl Benzene (LAB) & Purified Terephthalic Acid (PTA) in 1988. "<ref name="Reliance Industries Ltd"/>
+
| 1979 || || Facility || RIL establishes a texturizing/twisting facility.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1979 || || || "During the year Sidhpur Mills Co. Ltd which has an installed capacity of 38,368 spindles and 490 looms was amalgamated with the company. In terms of the scheme of amalgamation, the company was to issue and allot for every one equity share of Rs. 100 each of Sidhpur, 2 equity shares of Rs.10 each and one bond of Rs.80 of the company. "<ref name="Reliance Industries Ltd"/>
+
| 1979 || || [[w:Mergers and acquisitions|Merger]] || Sidhpur Mills amalgamates with RIL.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1980 || || || Reliance Textiles Industries receives a letter to intent from the manufacture of 10,000 tons per annum of {{w|polyester}} filament yarn. Financial and technical collaboration is finalized with {{w|E. I. du Pont de Nemours and Company}}.<ref name="Reliance Industries Ltd"/>
+
| 1980 || || Product || Reliance Textiles Industries receives a letter to intent from the manufacture of 10,000 tons per annum of {{w|polyester}} filament yarn. Financial and technical collaboration is finalized with {{w|E. I. du Pont de Nemours and Company}}.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
 
| 1982 || || Product || Reliance Textiles Industries launches phase-I of the Polyester Filament Yarn (PFY) plant at {{w|Patalganga}}.<ref name=Milestones/>
 
| 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"/>
 
| 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"/>
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| 1985 || || Product || Reliance Textiles Industries enters phase-II of the {{w|polyester}} {{w|filament}} {{w|yarn}} (PFY) plant at {{w|Patalganga}}.<ref name=Milestones/>
 
| 1985 || || Product || Reliance Textiles Industries enters phase-II of the {{w|polyester}} {{w|filament}} {{w|yarn}} (PFY) plant at {{w|Patalganga}}.<ref name=Milestones/>
 
|-
 
|-
| 1985 || September 30 || Subsidiary || Devti Fibres Ltd becomes a subsidiary of RIL.<ref name="Reliance Industries Ltd"/>
+
| 1985 || September 30 || {{w|Subsidiary}} || Devti Fibres Ltd becomes a subsidiary of RIL.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
 
| 1985 || || Financial || RIL total Assets cross Rs. 1,000 crores.<ref name="ndtv.com"/>
 
| 1985 || || Financial || RIL total Assets cross Rs. 1,000 crores.<ref name="ndtv.com"/>
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| 1986 || || Product || RIL launches a project for the manufacture of {{w|linear alkylbenzene}} in technical collaboration with UOP Processes International Inc.<ref name="Reliance Industries Ltd"/>
 
| 1986 || || Product || RIL launches a project for the manufacture of {{w|linear alkylbenzene}} in technical collaboration with UOP Processes International Inc.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1986 || || Product || RIL commissions a {{w|polyester}} staple fiber (PSF) plant at {{w|Patalganga}}.<ref name=Milestones/> "Reliance commissioned Polyester Staple Fiber (PSF) plant at Patalganga."<ref name="ndtv.com"/>  
+
| 1986 || || Product || RIL commissions a {{w|polyester}} staple fiber (PSF) plant at {{w|Patalganga}}.<ref name=Milestones/><ref name="ndtv.com"/>  
 
|-
 
|-
 
| 1986 || || Product || RIL starts operating a purified terephthalic acid plant at {{w|Patalganga}}.<ref name=Milestones/><ref name="ndtv.com"/><ref name="referenceforbusiness.com"/>  
 
| 1986 || || Product || RIL starts operating a purified terephthalic acid plant at {{w|Patalganga}}.<ref name=Milestones/><ref name="ndtv.com"/><ref name="referenceforbusiness.com"/>  
 
|-
 
|-
| 1987 || || Subsidiary || Reliance Petrochemical Limited is incorporated.<ref name="RAICHAUDHURI"/>
+
| 1987 || || {{w|Subsidiary}} || Reliance Petrochemical Limited is incorporated.<ref name="RAICHAUDHURI"/>
 
|-
 
|-
 
| 1987 || || Product || RIL starts operating the {{w|linear alkylbenzene}} (LAB) plant at {{w|Patalganga}}.<ref name=Milestones/><ref name="ndtv.com"/><ref name="Reliance Industries Ltd"/>  
 
| 1987 || || Product || RIL starts operating the {{w|linear alkylbenzene}} (LAB) plant at {{w|Patalganga}}.<ref name=Milestones/><ref name="ndtv.com"/><ref name="Reliance Industries Ltd"/>  
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|-
 
|-
 
| 1988 || || Product || RIL starts the {{w|paraxylene}} plant at {{w|Patalganga}}.<ref name=Milestones/>
 
| 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"/>
 
| 1988 || || Financial || RIL sales cross Rs. 1,000 crores mark.<ref name="ndtv.com"/>
 
|-
 
|-
| 1991 || || || "Reliance commissioned phase–I of Hazira Petrochemicals Complex – consolidated its position in polyesters and entered into attractive polymers business – started VCM and PVC plants."<ref name="ndtv.com"/> "The Hazira petrochemical plant was commissioned in 1991-92" <ref name="RELIANCE INDUSTRIES"/> "In 1991-92, RIL commissioned a petrochemicals unit to manufacture HDPE and PVC at Hazira, Gujarat, in technical collaboration with DuPont and BF Goodrich respectively."<ref name="Reliance Industries Ltd"/> "Reliance commissioned phase-I of Hazira Petrochemicals Complex - consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants."<ref name=Milestones/> "Reliance’s backward integration journey continues. The Hazira plant coming on stream in 1991 laid the foundation for Reliance becoming the world’s largest integrated producer of polyester."<ref name="MAMMOTH"/>
+
| 1991 || || Product || RIL commissions phase–I of Hazira Petrochemicals Complex, with the purpose manufacture {{w|high-density polyethylene}} and {{w|polyvinyl chloride}} at {{w|Hazira}}, {{w|Gujarat}}, in technical collaboration with {{w|DuPont}} and [[w:Goodrich Corporation|BF Goodrich}} respectively.<ref name="ndtv.com"/><ref name="RELIANCE INDUSTRIES"/><ref name="Reliance Industries Ltd"/><ref name=Milestones/><ref name="MAMMOTH"/>
 
|-
 
|-
 
| 1992 || || Product || RIL commences the production of {{w|high-density polyethylene}} (HDPE) at {{w|Hazira}}.<ref name=Milestones/><ref name="referenceforbusiness.com"/>
 
| 1992 || || Product || RIL commences the production of {{w|high-density polyethylene}} (HDPE) at {{w|Hazira}}.<ref name=Milestones/><ref name="referenceforbusiness.com"/>
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| 1992 || || Financial || RIL launches the first ever international {{w|Global Depositary Receipt}} offering by an Indian corporate.<ref name=Milestones/><ref name="RAICHAUDHURI"/>
 
| 1992 || || Financial || RIL launches the first ever international {{w|Global Depositary Receipt}} offering by an Indian corporate.<ref name=Milestones/><ref name="RAICHAUDHURI"/>
 
|-  
 
|-  
| 1993 || || Product || "The polyester filament yarn (PFY) division introduced two new products viz., Micro and multi-filament yearn. Several new and customized product range was introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade."<ref name="Reliance Industries Ltd"/>
+
| 1993 || || Product || RIL {{w|polyester}} filament yarn (PFY) division introduces two new products, micro and multi-filament yearn. Several new and customized product ranges are introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1993 || || || RIL pioneers the first ever Euro Convertible Bond issue by an Indian company.<ref name=Milestones/> "Offered the first Euro Convertible bond issue  "<ref name="ndtv.com"/>
+
| 1993 || || Financial || RIL pioneers by offering the first ever Euro Convertible Bond issue by an Indian company.<ref name=Milestones/> <ref name="ndtv.com"/>
 
|-
 
|-
 
| 1993 || || Financial || Reliance Petroleum Limited public issues the largest public offering in India.<ref name=Milestones/>
 
| 1993 || || Financial || Reliance Petroleum Limited public issues the largest public offering in India.<ref name=Milestones/>
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| 1994 || || Product || RIL introduces its new product, Linear Low-Density Polyethylene Octene.<ref name="Reliance Industries Ltd"/>
 
| 1994 || || Product || RIL introduces its new product, Linear Low-Density Polyethylene Octene.<ref name="Reliance Industries Ltd"/>
 
|-
 
|-
| 1994 || || || "Reliance offered the second Euro issue of GDR"<ref name=Milestones/> " Offered the second Euro issue of GDR."<ref name="ndtv.com"/>
+
| 1994 || || Financial || RIL offers the second Euro issue of {{w|Global Depository Receipt}}s (GDR).<ref name=Milestones/><ref name="ndtv.com"/>
|-
 
| 1995 || || || "During the year company commissioned a new Triethylene Glycol manufacturing factory with a capacity of 10,000 TPA to add value to Diethylene Glycol (DEG), a by product from its Monoethylene Glucol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application."<ref name="Reliance Industries Ltd"/>
 
|-
 
| 1995 || || || "During the year company signed a Memorandum of Understanding with the Govt. of Assam for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of 3,00,000 TPA of ethylene, 3,00,000 TPA of Polyethylene and 65,000 TPA of Oxoalchol based on ethylene and propylene products from the gas cracker."
 
 
|-
 
|-
| 1995 || || || "Net profit crossed the Rs 1,000 crore mark (Rs 1,065 crores or US$ 338 million), unparalleled in the Indian Private sector"<ref name=Milestones/>
+
| 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"/>
 
|-
 
|-
| 1995–1996 || || Joint venture || EIL enters the telecom industry through a {{w|joint venture}} with {{w|NYNEX}} and promotes Reliance Telecom Private Limited in {{w|India}}.<ref name="RELIANCE INDUSTRIES"/>
+
| 1995 || || Product || RIL signs a {{w|Memorandum of understanding}} with the {{w|Government of Assam}} for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of {{w|ethylene}}, {{w|polyethylene}} and {{w|oxoalchol}} based on ethylene and propylene products from the gas cracker.<ref>{{cite web |title=Reliance Industries |url=https://www.moneycontrol.com/company-facts/relianceindustries/history/RI |website=moneycontrol.com |accessdate=13 November 2019}}</ref>
 
|-
 
|-
| 1996 || || || "Reliance became the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings."<ref name=Milestones/> "Reliance became the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings"<ref name="ndtv.com"/>
+
| 1995–1996 || || {{w|Joint venture}} || RIL enters the telecom industry through a {{w|joint venture}} with {{w|NYNEX}} and promotes Reliance Telecom Private Limited in {{w|India}}.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 1996 || || || RIL net profit surpasses Rs.1,000 crore (about US$ 317 million), an unparalleled milestone in the Indian private sector.<ref name="ndtv.com"/>
+
| 1996 || || {{w|Credit rating}} || RIL becomes the first private sector company to be rated by international credit rating agencies.<ref name=Milestones/><ref name="ndtv.com"/>
 
|-
 
|-
| 1996–1997 || || || RIL becomes the first Asian corporate to issue 50 and 100 years bonds in the US debt market.<ref>{{cite book |last1=GUPTA |first1=AMBRISH |title=PROJECT APPRAISAL AND FINANCING |url=https://books.google.com.ar/books?id=QVrWDQAAQBAJ&pg=PA32&lpg=PA32&dq=RIL+becomes+the+first+corporate+in+Asia+to+issue+bonds+in+the+U.S+at+the+year+of+1996-97&source=bl&ots=nmF__bhoZC&sig=ACfU3U1Nx9WWFrUIXhYOOyJsEs-Hkml4tQ&hl=en&sa=X&ved=2ahUKEwiCkseY8trlAhXmEbkGHYfrCUoQ6AEwD3oECA4QAQ#v=onepage&q=RIL%20becomes%20the%20first%20corporate%20in%20Asia%20to%20issue%20bonds%20in%20the%20U.S%20at%20the%20year%20of%201996-97&f=false}}</ref><ref name="RELIANCE INDUSTRIES"/>
+
| 1996 || || Financial || RIL net profit surpasses Rs.1,000 crore (about US$ 317 million), an unparalleled milestone in the Indian private sector.<ref name="ndtv.com"/><ref name=Milestones/>
 
|-
 
|-
| 1996–1997 || || || RIL becomes the first corporate in Asia to issue 50 and 100 years bond in US debt market"<ref name="RELIANCE INDUSTRIES"/>
+
| 1996–1997 || || Financial || RIL becomes the first Asian corporate to issue 50 and 100 years bonds in the US debt market.<ref>{{cite book |last1=GUPTA |first1=AMBRISH |title=PROJECT APPRAISAL AND FINANCING |url=https://books.google.com.ar/books?id=QVrWDQAAQBAJ&pg=PA32&lpg=PA32&dq=RIL+becomes+the+first+corporate+in+Asia+to+issue+bonds+in+the+U.S+at+the+year+of+1996-97&source=bl&ots=nmF__bhoZC&sig=ACfU3U1Nx9WWFrUIXhYOOyJsEs-Hkml4tQ&hl=en&sa=X&ved=2ahUKEwiCkseY8trlAhXmEbkGHYfrCUoQ6AEwD3oECA4QAQ#v=onepage&q=RIL%20becomes%20the%20first%20corporate%20in%20Asia%20to%20issue%20bonds%20in%20the%20U.S%20at%20the%20year%20of%201996-97&f=false}}</ref><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 1997 || || Financial || RIL becomes the first corporate in Asia to issue 50 and 100 years bond in US debt market.<ref name="ndtv.com"/>
+
| 1997 || || Financial || RIL becomes the first corporate in Asia to issue 50 and 100 years bond in the United States debt market.<ref name="ndtv.com"/><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
 
| 1998 || || Product || RIL introduces packaged {{w|liquefied petroleum gas}} in 15 kg cylinders under the brand name Reliance Gas.<ref name="RELIANCE INDUSTRIES"/>
 
| 1998 || || Product || RIL introduces packaged {{w|liquefied petroleum gas}} in 15 kg cylinders under the brand name Reliance Gas.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 1998 || || || 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 || || 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 || {{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 || || 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 || || || "Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues cross Rs. 14,000 crore (Rs. 14,115 crore)."<ref name="ndtv.com"/>
+
| 1998 || || Financial || RIL Total Assets cross Rs. 35,000 crore and revenues cross Rs. 14,000 crore.<ref name="ndtv.com"/>
 
|-
 
|-
| 1999 || || || "Yet the petroleum industry remained the company's major growth focus. In 1999, the Indian government auctioned off 25 blocks for exploration; bids were given in the form of royalty percentage offers. Reliance won 12 of the blocks and promptly set in place its own team of exploration experts, backed by oilfield services from Halliburton and Schlumberger. Reliance's investment quickly paid off with the discovery of natural gas reserves estimated at some 14 trillion cubic feet, the largest natural gas field discovered in India in decades, in the Krishna-Godavari Basin in the Bay of Bengal."<ref name="referenceforbusiness.com"/>
+
| 1999 || || {{w|Hydrocarbon exploration}} || The Indian government auctions off 25 blocks for oilfield exploration. Bids are given in the form of royalty percentage offers. RIL wins 12 of the blocks and promptly sets in place its own team of exploration experts. The investment would quickly pay off with the discovery of natural gas reserves estimated at some 14 trillion cubic feet, the largest natural gas field discovered in India in decades, in the {{w|Krishna Godavari Basin}} in the {{w|Bay of Bengal}}.<ref name="referenceforbusiness.com"/>
 
|-
 
|-
 
| 1999 || || Facility || RIL commissions the world's largest 1.4 million tons per annum {{w|paraxylene}} (PX) plant at its new integrated petrochemicals complex at {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/><ref name=Milestones/>
 
| 1999 || || Facility || RIL commissions the world's largest 1.4 million tons per annum {{w|paraxylene}} (PX) plant at its new integrated petrochemicals complex at {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/><ref name=Milestones/>
 
|-
 
|-
 
| 2000 || || Facility || RIL commissions the world's largest grassroots refinery in {{w|Jamnagar}}.<ref name="RELIANCE INDUSTRIES"/><ref name="RAICHAUDHURI"/><ref name=Milestones/>
 
| 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 |website=economictimes.indiatimes.com |archiveurl=https://economictimes.indiatimes.com/company |quote=Reliance Clinical Research Services Private Limited is a Non-govt company, incorporated on 10 May, 2000. 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 lakhs}}</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 || || 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/>
 
| 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 || || 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/>
 
| 2001–2002 || || Recognition || {{w|Dhirubhai Ambani}} receives The Economic Times Award for Corporate Excellence for Lifetime Achievement.<ref name=Milestones/>
 
|-
 
|-
| 2001–2002 || || || "Reliance signed MOU with DuPont Polyester Technologies to license the revolutionary resin technology NG-3 from DuPont. Reliance announced its plan for the expansion of PET capacity by 220,000 tonnes per year."<ref name=Milestones/>
+
| 2001–2002 || || Product || RIL signs a {{w|Memorandum of understanding}} with [[w:DuPont (1802–2017)|DuPont Polyester Technologies]] to license the revolutionary resin technology NG-3 from DuPont. Reliance announces its plan for the expansion of {{w|polyethylene terephthalate}} capacity by 220,000 tons per year.<ref name=Milestones/>
 
|-
 
|-
| 2002 || || || Reliance Petroleum Limited merge with Reliance Industries. As of date, this is the largest ever merger in India. Reliance Industries becomes the largest private sector company in the country on all major financial parameters including sales, profits, net worth, assets, and exports.<ref name=Milestones/><ref name="ndtv.com"/>
+
| 2002 || || [[w:Mergers and acquisitions|Merger]] || Reliance Petroleum Limited merge with Reliance Industries. As of date, this is the largest ever merger in India. Reliance Industries becomes the largest private sector company in the country on all major financial parameters including sales, profits, net worth, assets, and exports.<ref name=Milestones/><ref name="ndtv.com"/>
 
|-
 
|-
| 2002 || || Gas discovery || RIL announces one of the largest gas discoveries in the world, with a volume in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This is the first ever discovery by an Indian private sector company.<ref name=Milestones/>
+
| 2002 || || {{w|Hydrocarbon exploration}} || RIL announces one of the largest gas discoveries in the world, with a volume in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This is the first ever discovery by an Indian private sector company.<ref name=Milestones/>
 
|-
 
|-
 
| 2002 || July 31|| Expansion || RIL launches its own phone service, Reliance Infocomm, which would be later renamed {{w|Reliance Communications Limited}} (popularly, R.Comm). Beginning with {{w|Gujarat}}, the Infocomm revolution would cover thousands of villages and hundreds of cities across India.<ref name=Milestones/><ref name="MAMMOTH"/><ref name="referenceforbusiness.com"/>  
 
| 2002 || July 31|| Expansion || RIL launches its own phone service, Reliance Infocomm, which would be later renamed {{w|Reliance Communications Limited}} (popularly, R.Comm). Beginning with {{w|Gujarat}}, the Infocomm revolution would cover thousands of villages and hundreds of cities across India.<ref name=Milestones/><ref name="MAMMOTH"/><ref name="referenceforbusiness.com"/>  
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| 2004 || || Recognition || RIL becomes the first Indian private sector organization to be listed in the {{w|Fortune Global 500}} list.<ref name="RELIANCE INDUSTRIES">{{cite web |title=RELIANCE INDUSTRIES LTD. (RELIANCE) - COMPANY HISTORY |url=https://www.business-standard.com/company/reliance-inds-476/information/company-history |website=business-standard.com |accessdate=16 September 2019}}</ref><ref name="MAMMOTH"/>  
 
| 2004 || || Recognition || RIL becomes the first Indian private sector organization to be listed in the {{w|Fortune Global 500}} list.<ref name="RELIANCE INDUSTRIES">{{cite web |title=RELIANCE INDUSTRIES LTD. (RELIANCE) - COMPANY HISTORY |url=https://www.business-standard.com/company/reliance-inds-476/information/company-history |website=business-standard.com |accessdate=16 September 2019}}</ref><ref name="MAMMOTH"/>  
 
|-
 
|-
| 2004 || || Gas discovery || RIL locates a new gas field in the {{w|Bay of Bengal}}, off the Orissa Coast.<ref name="referenceforbusiness.com"/>
+
| 2004 || || {{w|Hydrocarbon exploration}} || RIL locates a new gas field in the {{w|Bay of Bengal}}, off the Orissa Coast.<ref name="referenceforbusiness.com"/>
 
|-
 
|-
| 2004 || || Acquisition || RIL acquires the polyester major {{w|Frankfurt}}-based {{w|Trevira}}, which has the capacity of 130000 tons per annum of polyester staple fibers polyester filament yarns and polyester chips.<ref name="RELIANCE INDUSTRIES"/>
+
| 2004 || || [[w:Mergers and acquisitions|Acquisition]] || RIL acquires the polyester major {{w|Frankfurt}}-based {{w|Trevira}}, which has the capacity of 130000 tons per annum of polyester staple fibers polyester filament yarns and polyester chips.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
 
| 2004 || October || Recognition || RIL is recognized as India's Greenest private sector company amongst the private sector with an overall rank of number two in a BT–ACNielsen ORG-MARG survey of shareholder perception.<ref name="ndtv.com"/>
 
| 2004 || October || Recognition || RIL is recognized as India's Greenest private sector company amongst the private sector with an overall rank of number two in a BT–ACNielsen ORG-MARG survey of shareholder perception.<ref name="ndtv.com"/>
 
|-
 
|-
| 2005 || || || RIL launches a US$348 million syndicated term loan facility, with aims at replacing existing high cost loans.<ref name="ndtv.com"/>
+
| 2005 || || Financial || RIL launches a US$348 million [[w:Syndicated loan|syndicated term loan facility]], with aims at replacing existing high cost loans.<ref name="ndtv.com"/>
 
|-
 
|-
 
| 2005 || June || Leadership || A bitter succession dispute takes place caused by conflict between Mukesh and Anil which would eventually lead to a separation in their management responsibilities.<ref name="Chatterjee">{{cite book |last1=Nankervis |first1=Alan R. |last2=Cooke |first2=Fang Lee |last3=Chatterjee |first3=Samir R. |last4=Warner |first4=Malcolm |title=New Models of Human Resource Management in China and India |url=https://books.google.com.ar/books?id=kZ1RkKE-_doC&pg=PA128&dq=%22reliance+group%22+%22in+2006..2018%22&hl=en&sa=X&ved=0ahUKEwjcrqLT4dvlAhW8GLkGHYSNCXkQ6AEIKTAA#v=onepage&q=%22reliance%20group%22%20%22in%202006..2018%22&f=false}}</ref>
 
| 2005 || June || Leadership || A bitter succession dispute takes place caused by conflict between Mukesh and Anil which would eventually lead to a separation in their management responsibilities.<ref name="Chatterjee">{{cite book |last1=Nankervis |first1=Alan R. |last2=Cooke |first2=Fang Lee |last3=Chatterjee |first3=Samir R. |last4=Warner |first4=Malcolm |title=New Models of Human Resource Management in China and India |url=https://books.google.com.ar/books?id=kZ1RkKE-_doC&pg=PA128&dq=%22reliance+group%22+%22in+2006..2018%22&hl=en&sa=X&ved=0ahUKEwjcrqLT4dvlAhW8GLkGHYSNCXkQ6AEIKTAA#v=onepage&q=%22reliance%20group%22%20%22in%202006..2018%22&f=false}}</ref>
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| 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 || || 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 || RIL splits in two, following four years of dispute between Mukesh and Anil. 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>
+
| 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>
 
| 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>
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| 2007 || February 15 || Subsidiary || {{w|Telecommunications}} company {{w|Reliance Jio}} is incorporated as a subsidiary of RIL.<ref>{{cite web |title=Reliance Jio Infocomm Limited Disclosure Document |url=https://www.bseindia.com/downloads/ipo/2015127141059im%20reliance%20jio.pdf |website=bseindia.com |accessdate=7 November 2019}}</ref> It  operates a national [[w:LTE (telecommunication)|LTE]] network with coverage across all 22 {{w|telecom circle}}s.<ref>{{citation |url=http://www.coai.com/content/reliance-jio-infocomm-limited|publisher={{w|Cellular Operators Association of India}}|title=Reliance Jio Infocomm Limited}}</ref><ref>{{citation |url=http://www.rcrwireless.com/20150616/network-infrastructure/lte/reliance-jio-infocomm-plans-to-launch-pan-india-lte/|publisher=RCR Wireless News|title=Reliance Jio Infocomm plans to launch pan-India LTE}}</ref>
 
| 2007 || February 15 || Subsidiary || {{w|Telecommunications}} company {{w|Reliance Jio}} is incorporated as a subsidiary of RIL.<ref>{{cite web |title=Reliance Jio Infocomm Limited Disclosure Document |url=https://www.bseindia.com/downloads/ipo/2015127141059im%20reliance%20jio.pdf |website=bseindia.com |accessdate=7 November 2019}}</ref> It  operates a national [[w:LTE (telecommunication)|LTE]] network with coverage across all 22 {{w|telecom circle}}s.<ref>{{citation |url=http://www.coai.com/content/reliance-jio-infocomm-limited|publisher={{w|Cellular Operators Association of India}}|title=Reliance Jio Infocomm Limited}}</ref><ref>{{citation |url=http://www.rcrwireless.com/20150616/network-infrastructure/lte/reliance-jio-infocomm-plans-to-launch-pan-india-lte/|publisher=RCR Wireless News|title=Reliance Jio Infocomm plans to launch pan-India LTE}}</ref>
 
|-
 
|-
| 2007 || April 1 || Merger || {{w|Indian Petrochemicals Corporation Limited}} (IPCL) merges with RIL. Post merger, RIL’s share capital is expected to increase from Rs 1,393.5 crore to Rs 1,453.6 crore.<ref>{{cite news | url=http://archive.indianexpress.com/news/ipcl-to-merge-with-reliance-industries/25015/ | title=IPCL to merge with Reliance Industries | date=8 March 2007 | newspaper=The Indian Express | accessdate=17 September 2019}}</ref><ref>{{cite web |title=IPCL merger with RIL from April 1 |url=https://timesofindia.indiatimes.com/business/india-business/IPCL-merger-with-RIL-from-April-1/articleshow/1746644.cms |website=timesofindia.indiatimes.com |accessdate=7 November 2019}}</ref><ref>{{cite web |title=RIL-IPCL merger to be effective from April 1, swap ratio at 1:5 |url=https://economictimes.indiatimes.com/companies/ril-ipcl-merger-to-be-effective-from-april-1-swap-ratio-at-15/articleshow/1746619.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=7 November 2019}}</ref>
+
| 2007 || April 1 || [[w:Mergers and acquisitions|Merger]] || {{w|Indian Petrochemicals Corporation Limited}} (IPCL) merges with RIL. Post merger, RIL’s share capital is expected to increase from Rs 1,393.5 crore to Rs 1,453.6 crore.<ref>{{cite news | url=http://archive.indianexpress.com/news/ipcl-to-merge-with-reliance-industries/25015/ | title=IPCL to merge with Reliance Industries | date=8 March 2007 | newspaper=The Indian Express | accessdate=17 September 2019}}</ref><ref>{{cite web |title=IPCL merger with RIL from April 1 |url=https://timesofindia.indiatimes.com/business/india-business/IPCL-merger-with-RIL-from-April-1/articleshow/1746644.cms |website=timesofindia.indiatimes.com |accessdate=7 November 2019}}</ref><ref>{{cite web |title=RIL-IPCL merger to be effective from April 1, swap ratio at 1:5 |url=https://economictimes.indiatimes.com/companies/ril-ipcl-merger-to-be-effective-from-april-1-swap-ratio-at-15/articleshow/1746619.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=7 November 2019}}</ref>
 
|-
 
|-
 
| 2007 || September || Acquisition || RIL announces agreement to acquire assets of {{w|Malaysia}}’s leading {{w|polyester}} producer, Hualon Corp.<ref>{{cite web |title=Reliance to acquire assets of Malaysia's Hualon |url=https://www.reuters.com/article/idINIndia-29438220070910 |website=reuters.com |accessdate=7 November 2019}}</ref>
 
| 2007 || September || Acquisition || RIL announces agreement to acquire assets of {{w|Malaysia}}’s leading {{w|polyester}} producer, Hualon Corp.<ref>{{cite web |title=Reliance to acquire assets of Malaysia's Hualon |url=https://www.reuters.com/article/idINIndia-29438220070910 |website=reuters.com |accessdate=7 November 2019}}</ref>
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| 2007 || October 18 || Financial || RIL becomes the first Indian company to breach US$100 billion market capitalization.<ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/tcs-breaches-100-billion-market-in-m-cap-first-indian-it-firm-to-do-so/articleshow/63882361.cms|title=TCS breaches $100 billion market in m-cap; first Indian IT firm to do so}}</ref><ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/tcs-market-cap-more-than-the-gdp-of-these-countries/articleshow/63894564.cms|title=TCS market-cap more than the GDP of these countries}}</ref>
 
| 2007 || October 18 || Financial || RIL becomes the first Indian company to breach US$100 billion market capitalization.<ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/tcs-breaches-100-billion-market-in-m-cap-first-indian-it-firm-to-do-so/articleshow/63882361.cms|title=TCS breaches $100 billion market in m-cap; first Indian IT firm to do so}}</ref><ref>{{cite web|url=https://timesofindia.indiatimes.com/business/india-business/tcs-market-cap-more-than-the-gdp-of-these-countries/articleshow/63894564.cms|title=TCS market-cap more than the GDP of these countries}}</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"/>
+
| 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 || || RIL signs gas sales and purchase agreement with the customers in power sector for supply of natural gas to be produced from the [[w:Krishna Godavari Basin|KG-D6 block]].<ref name="RELIANCE INDUSTRIES"/>
+
| 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 || || || "Revenue crossed Rs. 130,000 crore mark (Rs. 139,269 crore, US$ 34.7 billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 140,000 crore mark (Rs. 149,839crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 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 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 || || || 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"/>
+
| 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 || || "From April 2 2009 the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API."<ref name="RELIANCE INDUSTRIES"/> "In 2009, Reliance commences production of hydrocarbons in its KGD6 block - against all odds - in just over two years of its discovery, making it the world’s fastest green-field deepwater oil development project. With this development, Reliance completes an unprecedented backward integration journey."<ref name="MAMMOTH"/>
+
| 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/>
 
| 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/>
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| 2010 || April || || RIL commissions a 1 MW solar Photo Voltaic power plant at {{w|Thyagaraj Sports Complex}} in {{w|New Delhi}}.<ref name="RELIANCE INDUSTRIES"/>
 
| 2010 || April || || RIL commissions a 1 MW solar Photo Voltaic power plant at {{w|Thyagaraj Sports Complex}} in {{w|New Delhi}}.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 2010 || June || || ".In June 2010 the company entered into an agreement to acquire asubstantial stake in Infotel Broadband Services (P) Ltd which emerged as asuccessful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DOT."<ref name="RELIANCE INDUSTRIES"/>
+
| 2010 || June || Acquisition || RIL acquires 95% stake in broadband service provider Infotel Broadband for Rs 4,800 crore.<ref>{{cite web |title=Reliance Industries buys 95% stake in Infotel Broadband for Rs 4,800 cr |url=https://economictimes.indiatimes.com/industry/telecom/reliance-industries-buys-95-stake-in-infotel-broadband-for-rs-4800-cr/articleshow/6037260.cms |website=economictimes.indiatimes.com |accessdate=14 November 2019}}</ref><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
 
| 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 || 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 || 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 || 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"/>
 
| 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 || 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 venture between the two companies for the sourcing and marketing of gas in India.<ref name="RELIANCE INDUSTRIES"/>
+
| 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 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 || 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 || || 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 || 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"/>
+
| 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 || || Reliance Security Solutions Ltd, a subsidiary of the company Siemens Ltd, sign a {{w|memorandum of understanding}} to jointly develop Homeland Security Solutions for Highways in India.<ref name="RELIANCE INDUSTRIES"/>
+
| 2011 || September || {{w|Partnership}} || Reliance Security Solutions partners with {{w|Siemens}} to jointly develop homeland security solutions for safe, secure and smart cities and highways in India.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 2011 || November || 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>
+
| 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 || 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 || 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"/> "In February 2012, RIL and SIBUR formed a JV to manufacture butyl rubber in India with targeted production capacity of 100,000 tonnes per annum. This JV will be the fourth largest producer of butyl rubber globally. RIL's share in the JV will total 74.9% while SIBUR will account for the rest."<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 || 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 || || 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>
+
| 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 || May 29 || Acquisition || RIL acquires control in {{w|Network18 Media & Investments Limited}} (NW18) including its subsidiary [[w:TV18|TV18 Broadcast Ltd.]]<ref name="RELIANCE INDUSTRIES"/>
 
| 2014 || May 29 || Acquisition || RIL acquires control in {{w|Network18 Media & Investments Limited}} (NW18) including its subsidiary [[w:TV18|TV18 Broadcast Ltd.]]<ref name="RELIANCE INDUSTRIES"/>
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| 2014 || December 9 || Joint venture || RIL announces a joint venture with China's {{w|Shandong Ruyi}} for RIL's textiles business which operates under the Vimal brand.<ref name="RELIANCE INDUSTRIES"/>
 
| 2014 || December 9 || Joint venture || RIL announces a joint venture with China's {{w|Shandong Ruyi}} for RIL's textiles business which operates under the Vimal brand.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 2014 || || || {{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"/>
+
| 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>
 
| 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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| 2015 || December 27 || Service || {{w|Reliance Jio}} launches its services to the group’s 80,000-odd employees and close partners.<ref>{{cite web |title=Reliance Jio to launch services on 27 December |url=https://www.livemint.com/Companies/ef6wf7smcVVA34Z7gOiG3M/Reliance-Jio-to-launch-services-on-27-December.html |website=livemint.com |accessdate=12 November 2019}}</ref>
 
| 2015 || December 27 || Service || {{w|Reliance Jio}} launches its services to the group’s 80,000-odd employees and close partners.<ref>{{cite web |title=Reliance Jio to launch services on 27 December |url=https://www.livemint.com/Companies/ef6wf7smcVVA34Z7gOiG3M/Reliance-Jio-to-launch-services-on-27-December.html |website=livemint.com |accessdate=12 November 2019}}</ref>
 
|-
 
|-
| 2016 || April || || {{w|Reliance Jio}} announces the launch of the Bay of Bengal Gateway (BBG), a 8,100 km cable system expected to provide high speed connectivity to {{w|South East Asia}} and the {{w|Middle East}}. The network would then link to Europe, Africa and Far East Asia via interconnection with existing cable systems.<ref>{{cite web |last1=Pacheco |first1=Shrey |title=RELIANCE LAUNCHES 8,100 KM LONG BBG CABLE SYSTEM |url=https://www.digit.in/news/telecom/reliance-launches-8100-km-long-bbg-cable-system-29832.html |website=digit.in |accessdate=17 September 2019}}</ref>
+
| 2016 || April || {{w|Infrastructure}} || {{w|Reliance Jio}} announces the launch of the Bay of Bengal Gateway (BBG), a 8,100 km cable system expected to provide high speed connectivity to {{w|South East Asia}} and the {{w|Middle East}}. The network would then link to Europe, Africa and Far East Asia via interconnection with existing cable systems.<ref>{{cite web |last1=Pacheco |first1=Shrey |title=RELIANCE LAUNCHES 8,100 KM LONG BBG CABLE SYSTEM |url=https://www.digit.in/news/telecom/reliance-launches-8100-km-long-bbg-cable-system-29832.html |website=digit.in |accessdate=17 September 2019}}</ref>
 
|-
 
|-
| 2016 || September || Subsidiary || {{w|Reliance Jio}} Infocomm announces the commencement of telecom services with `Jio Welcome Offer'.<ref name="RELIANCE INDUSTRIES"/>
+
| 2016 || September || Service || {{w|Reliance Jio}} Infocomm announces the commencement of telecom services with `Jio Welcome Offer'.<ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
 
| 2016 || November 17 || Partnership || RIL and {{w|General Electric}} announce the signing of a global partnership agreement in the {{w|Industrial internet of things}} (IIOT) space to provide Industrial IOT solutions to customers in oil & gas fertilizer power healthcare telecom and other industries.<ref name="RELIANCE INDUSTRIES"/>
 
| 2016 || November 17 || Partnership || RIL and {{w|General Electric}} announce the signing of a global partnership agreement in the {{w|Industrial internet of things}} (IIOT) space to provide Industrial IOT solutions to customers in oil & gas fertilizer power healthcare telecom and other industries.<ref name="RELIANCE INDUSTRIES"/>
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| 2017 || June || Partnership || RIL and {{w|British Petroleum}} announce joint development of the `R-Series' deep water gas fields in Block KGD6 offshore the east coast of India.<ref>{{cite web |title=Reliance and BP sanction third phase of integrated KG D6 development |url=https://www.bp.com/en/global/corporate/news-and-insights/press-releases/reliance-and-bp-sanction-third-phase-of-integrated-kg-d6-development.html |website=bp.com |accessdate=7 November 2019}}</ref><ref name="RELIANCE INDUSTRIES"/>
 
| 2017 || June || Partnership || RIL and {{w|British Petroleum}} announce joint development of the `R-Series' deep water gas fields in Block KGD6 offshore the east coast of India.<ref>{{cite web |title=Reliance and BP sanction third phase of integrated KG D6 development |url=https://www.bp.com/en/global/corporate/news-and-insights/press-releases/reliance-and-bp-sanction-third-phase-of-integrated-kg-d6-development.html |website=bp.com |accessdate=7 November 2019}}</ref><ref name="RELIANCE INDUSTRIES"/>
 
|-
 
|-
| 2018 || || || 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>
+
| 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>
 
|-
 
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| 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>
 
| 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>

Latest revision as of 09:29, 18 November 2019

This is a timeline of Reliance Industries Limited, an Indian multinational conglomerate owing businesses engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.

Big picture

Time period 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 Middle East and East Africa. In this phase, the company operates through partnership or proprietorship firms.[1]
1966–1977 First textile phase Reliance organizational features change when first one and then a few other narrowly-held private limited companies are added to the group’s stable. Reliance Textiles is established and a number of textile companies are incorporated into the group. While exports are continued as a means of securing import entitlements, by the mid-seventies manufacturing and sales activity is mainly directed towards the domestic market. The group export earnings even decline, while the dependence on imports for production and expansion activity remains substantial.[1]
1977–1990 Switch to petrochemicals The principal group company becomes an extremely widely held public limited company, with a rapid proliferation in the number of companies in the group.[1]
1991-onwards Liberal India/Expansion into healthcare and telecommunications RIL business diversifies. In 1992 the company becomes the first Indian company to raise money in global markets. In 1995 the group enters the telecommunications industry. In 1998, RIL enters the healthcare sector. In 2006 RIL enters the organized retail segment through Reliance Retail. Reliance Jio is incorporated in 2007 and launches its services in 2015.
Decade Development summary
1950s In the late decade, Dhirajlal Hirachand Ambani in India establishes an import-export business, eventually focusing on the textile market, which would become Reliance Textiles.
1960s Reliance Textiles is established in 1964, launching textile manufacturing, and building its first factory.
1970s Reliance goes public in one of the first and largest public offerings in India.
1980s In 1981 The company begins construction of a polyester filament yarn facility in Patalganga. In the decade, Dhirajlal sons Mukesh and Anil start playing a prominent part at RIL, which seeks to produce the chemicals from which the textile yarns were made. In 1985, Reliance Textiles changes its name to Reliance Industries. After Ambani suffers a stroke in 1986, Mukesh and Anil take over day-to-day direction of the company, which launches its first petrochemicals production as part of a vertical integration strategy.[2] In 1987 Reliance Petrochemical Limited is incorporated.[3]
1990s Reliance Refineries is established in 1991, and launches its public offering in 1993. In 1997 Reliance Petroleum launches construction of India's largest oil refinery at Jamnagar. In 1999, the company wins a bid for 12 exploration blocks auctioned off by the Indian government.[2]
2000s In 2002, Reliance locates the largest Indian natural gas field in decades. In the same year, Dhirubhai Ambani dies at age 69. Reliance Petroleum merges into Reliance Industries. Following the acquisition of Germany's Trevira in 2004, RIL becomes the world's leading polyester manufacturer, with production levels topping 25 million meters per year.[2] In 2006, Reliance Industries is broken up between the Ambani brothers.[2] As of 2007 RIL has two major business segments, petroleum refining and marketing, and petrochemicals.[4]
2010s Reliance Jio launches its services in 2015, and becomes the only company in India that is capable of providing 4G services through the country. RIL is ranked 106th on the Fortune Global 500 list of the world's biggest corporations as of 2019.

Full timeline

Year Month and date Event type Details
1932 Prelude Dhirajlal Hirachand Ambani is born to a lower middle class schoolteacher's family in Chorwad, Gujarat.[2]
1948 Prelude At the age of 16, instead of becoming a teacher himself as an alernative of not being able to afford university, Ambani travels to the port city of Aden where he begins working as a clerk at a service station. Ambani would remain in Aden for nearly ten years, rising to become Burmah Shell's marketing manager.[2]
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 Mumbai that Ambani rents for two hours per day.[5] Reliance Commercial Corporation is established in partnership with Champaklal Damani, Dhirajlal cousin. Initial exports include spices as well as fabrics.[2][2][3]
1964 Facility Dhirajlal establishes a textile factory in Naroda near Ahmedabad.[3]
1965 Leadership Champaklal Damani and Dhirubhai Ambani end their partnership due to differences in business strategies.[3]
1966 February 11 Founding Reliance Textiles Industries Pvt Ltd is founded by Dhirubhai Ambani in Bombay.[6][7]
1966 Facility A synthetic fabrics mill is established at Naroda in Gujarat.[6]
1966 May 8 Subsidiary Reliance Textile Industries Ltd is incorporated in 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.[6]
1966 July 1 Merger Reliance Textile Industries Ltd is amalgamated with Mynylon Ltd.[6]
1969 Incorporation Reliance Exports is incorporated.[1]
1973 May 8 Incorporation RIL is incorporated as Mynylon Limited in the State of Karnataka.[4][7]
1973 Subsidiary Reliance group incorporates Vimal Fabrics.[1]
1975 June 28 RIL is converted into a public limited company.[6]
1975 October 15 Subsidiary Reliance group incorporates Anil Fabrics[1][8], Dipti Textile Industries[9], and Nina Textile Industries.[10]
1975–1976 Financial Reliance group crosses the Rs. 20 crores (200 million) mark in terms of value of assets.[1]
1977 March 11 Renaming The name of Mynylon Ltd changes to Reliance Textiles Industries Ltd. The company manufactures synthetic blended yarns and fabrics polyester filament yarn polyester staple fiber chemicals and allied products colour TV glass shells and colour TV picture tubes. Mynylon yarns are marketed under various brand names such as Texalit, Textron, Texlene, Poly dyed and polytwist. The fabrics are marketed under the brand name "VIMAL".[6]
1977 November Financial Reliance launches its Initial public offering, with Dhirubhai Ambani introducing equity cult in India, a new model of business leadership from a base of the broadest public shareholding.[11][6][5] The IPO, of 2.8 million shares, raise US$1.8 million, and is considered among the largest in India at the time.[2]
1979 Facility RIL establishes a texturizing/twisting facility.[6]
1979 Merger Sidhpur Mills amalgamates with RIL.[6]
1980 Product Reliance Textiles Industries receives a letter to intent from the manufacture of 10,000 tons per annum of polyester filament yarn. Financial and technical collaboration is finalized with E. I. du Pont de Nemours and Company.[6]
1982 Product Reliance Textiles Industries launches phase-I of the Polyester Filament Yarn (PFY) plant at Patalganga.[11]
1982 Leadership Dhirubhai Ambani elder son Mukesh is entrusted with the task and begins by overseeing the first phase of a polyester filament yarn in Patalganga, Maharashtra.[12]
1983 Leadership Dhirubhai Ambani younger son Anil joins RIL.[12]
1985 June 27 Renaming Reliance Textiles Industries Ltd changes its name to Reliance Industries Ltd.[6][7][3]
1985 Product Reliance Textiles Industries enters phase-II of the polyester filament yarn (PFY) plant at Patalganga.[11]
1985 September 30 Subsidiary Devti Fibres Ltd becomes a subsidiary of RIL.[6]
1985 Financial RIL total Assets cross Rs. 1,000 crores.[13]
1986 March Product RIL commissions a plant for the manufacture of Polyster Staple Fiber in technical collaboration with E. I. du Pont de Nemours and Company.[6]
1986 Product RIL launches a project for the manufacture of linear alkylbenzene in technical collaboration with UOP Processes International Inc.[6]
1986 Product RIL commissions a polyester staple fiber (PSF) plant at Patalganga.[11][13]
1986 Product RIL starts operating a purified terephthalic acid plant at Patalganga.[11][13][2]
1987 Subsidiary Reliance Petrochemical Limited is incorporated.[3]
1987 Product RIL starts operating the linear alkylbenzene (LAB) plant at Patalganga.[11][13][6]
1988 Product Linear alkylbenzene (LAB) is sold under the brand name "Relab".[6]
1988 Product RIL starts the paraxylene plant at Patalganga.[11]
1988 September 29 Subsidiary Reliance Industrial Infrastructure is incorporated. Its immediate object is to undertake a project for the laying of two cross country pipelines from Bharat Petroleum refinery at Chembur in Bombay to RIL petrochemicals complex at Patalganga.[14]
1988 Financial RIL sales cross Rs. 1,000 crores mark.[13]
1991 Product RIL commissions phase–I of Hazira Petrochemicals Complex, with the purpose manufacture high-density polyethylene and polyvinyl chloride at Hazira, Gujarat, in technical collaboration with DuPont and [[w:Goodrich Corporation|BF Goodrich}} respectively.[13][7][6][11][5]
1992 Product RIL commences the production of high-density polyethylene (HDPE) at Hazira.[11][2]
1992 Financial RIL becomes the first Indian company to raise money in global markets, with its high credit-taking in international markets limited only by India's sovereign rating.[3]
1992 Financial RIL launches the first ever international Global Depositary Receipt offering by an Indian corporate.[11][3]
1993 Product RIL polyester filament yarn (PFY) division introduces two new products, micro and multi-filament yearn. Several new and customized product ranges are introduced such as ultra-stabilized raffia grade, high flow injection moulding grade and high ESCR blow moulding grade.[6]
1993 Financial RIL pioneers by offering the first ever Euro Convertible Bond issue by an Indian company.[11] [13]
1993 Financial Reliance Petroleum Limited public issues the largest public offering in India.[11]
1994 Product RIL introduces its new product, Linear Low-Density Polyethylene Octene.[6]
1994 Financial RIL offers the second Euro issue of Global Depository Receipts (GDR).[11][13]
1995 Facility RIL commissions a new triethylene glycol (TEG) manufacturing factory with a capacity of 10,000 TPA to add value to diethylene glycol (DEG), a by product from its monoethylene Glycol plant. TEG is an import substitute used in oil exploration, lubricants and speciality application.[6]
1995 Product RIL signs a Memorandum of understanding with the Government of Assam for implementation of RAPL (Reliance Assam Petrochemicals Ltd.) for manufacture of ethylene, polyethylene and oxoalchol based on ethylene and propylene products from the gas cracker.[15]
1995–1996 Joint venture RIL enters the telecom industry through a joint venture with NYNEX and promotes Reliance Telecom Private Limited in India.[7]
1996 Credit rating RIL becomes the first private sector company to be rated by international credit rating agencies.[11][13]
1996 Financial RIL net profit surpasses Rs.1,000 crore (about US$ 317 million), an unparalleled milestone in the Indian private sector.[13][11]
1996–1997 Financial RIL becomes the first Asian corporate to issue 50 and 100 years bonds in the US debt market.[16][7]
1997 Financial RIL becomes the first corporate in Asia to issue 50 and 100 years bond in the United States debt market.[13][7]
1998 Product RIL introduces packaged liquefied petroleum gas in 15 kg cylinders under the brand name Reliance Gas.[7]
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.[6]
1998 Leadership Dhirubhai Ambani is awarded the Dean's Medal by the Wharton School of the University of Pennsylvania, "for setting an outstanding example of leadership."[11]
1998 Financial RIL Total Assets cross Rs. 35,000 crore and revenues cross Rs. 14,000 crore.[13]
1999 Hydrocarbon exploration The Indian government auctions off 25 blocks for oilfield exploration. Bids are given in the form of royalty percentage offers. RIL wins 12 of the blocks and promptly sets in place its own team of exploration experts. The investment would quickly pay off with the discovery of natural gas reserves estimated at some 14 trillion cubic feet, the largest natural gas field discovered in India in decades, in the Krishna Godavari Basin in the Bay of Bengal.[2]
1999 Facility RIL commissions the world's largest 1.4 million tons per annum paraxylene (PX) plant at its new integrated petrochemicals complex at Jamnagar.[7][11]
2000 Facility RIL commissions the world's largest grassroots refinery in Jamnagar.[7][3][11]
2000 May 10 Subsidiary Reliance Clinical Research Services is incorporated.[17]
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.[13]
2000–2001 Financial Reliance Industries Ltd. and Reliance Petroleum Ltd. become India's two largest companies in terms of all major financial parameters.[11]
2001 January Subsidiary Reliance Life Sciences is incorporated. It operates in the biotechnology sector.[18]
2001 Financial RIL revenues cross Rs. 60,000 crore, and becomes largest business group in India.[13]
2001 Growth Reliance Industries and Reliance Petroleum become India's largest companies.[12]
2001 Subsidiary Reliance Logistics Private Limited is founded. It operates vessels for the transportation of freight on the deep seas.[19][20]
2001–2002 Recognition Dhirubhai Ambani receives The Economic Times Award for Corporate Excellence for Lifetime Achievement.[11]
2001–2002 Product RIL signs a Memorandum of understanding with DuPont Polyester Technologies to license the revolutionary resin technology NG-3 from DuPont. Reliance announces its plan for the expansion of polyethylene terephthalate capacity by 220,000 tons per year.[11]
2002 Merger Reliance Petroleum Limited merge with Reliance Industries. As of date, this is the largest ever merger in India. Reliance Industries becomes the largest private sector company in the country on all major financial parameters including sales, profits, net worth, assets, and exports.[11][13]
2002 Hydrocarbon exploration RIL announces one of the largest gas discoveries in the world, with a volume in excess of 7 trillion cubic feet, equivalent to about 1.2 billion barrels of crude oil. This is the first ever discovery by an Indian private sector company.[11]
2002 July 31 Expansion RIL launches its own phone service, Reliance Infocomm, which would be later renamed Reliance Communications Limited (popularly, R.Comm). Beginning with Gujarat, the Infocomm revolution would cover thousands of villages and hundreds of cities across India.[11][5][2]
2002 July Leadership Dhirubhai Ambani dies.[21]
2002 Recognition RIL is recognized among ten most creditworthy companies in Asia.[13]
2002 Financial RIL becomes the first Indian private sector company to record Net Profit of over Rs. 1,000 crores in one quarter.[13]
2003 Financial RIL becomes the first Indian private sector company to record net profit of over Rs 4,000 crore in one financial year.[13]
2004 Recognition RIL becomes the first Indian private sector organization to be listed in the Fortune Global 500 list.[7][5]
2004 Hydrocarbon exploration RIL locates a new gas field in the Bay of Bengal, off the Orissa Coast.[2]
2004 Acquisition RIL acquires the polyester major Frankfurt-based Trevira, which has the capacity of 130000 tons per annum of polyester staple fibers polyester filament yarns and polyester chips.[7]
2004 October Recognition RIL is recognized as India's Greenest private sector company amongst the private sector with an overall rank of number two in a BT–ACNielsen ORG-MARG survey of shareholder perception.[13]
2005 Financial RIL launches a US$348 million syndicated term loan facility, with aims at replacing existing high cost loans.[13]
2005 June Leadership A bitter succession dispute takes place caused by conflict between Mukesh and Anil which would eventually lead to a separation in their management responsibilities.[22]
2006 Facility RIL establishes a new export-oriented refinery through its subsidiary Reliance Petroleum Limited (RPL).[7]
2006 Expansion RIL enters the organized retail segment through Reliance Retail with its first Reliance Fresh store in Hyderabad.[7]
2006 July 10 Split up RIL splits in two, following four years of dispute between Mukesh and Anil. Mukesh gets Reliance Industries and 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 Reliance Group.[23][12]
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%.[13][13]
2007 February 15 Subsidiary Telecommunications company Reliance Jio is incorporated as a subsidiary of RIL.[24] It operates a national LTE network with coverage across all 22 telecom circles.[25][26]
2007 April 1 Merger Indian Petrochemicals Corporation Limited (IPCL) merges with RIL. Post merger, RIL’s share capital is expected to increase from Rs 1,393.5 crore to Rs 1,453.6 crore.[27][28][29]
2007 September Acquisition RIL announces agreement to acquire assets of Malaysia’s leading polyester producer, Hualon Corp.[30]
2007 October 18 Financial RIL becomes the first Indian company to breach US$100 billion market capitalization.[31][32]
2007 Financial RIL revenue crosses Rs. 100,000 crore mark, net Profit crosses Rs. 10,000 crore mark, and total assets cross Rs. 100,000 crore mark, unparalleled in the Indian private sector. Exports cross Rs. 60,000 crore mark, 12% of India's total exports. RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the Indian private sector.[13]
2008 April Product RIL signs gas sales and purchase agreement with the customers in power sector for supply of natural gas to be produced from the KG-D6 block.[7]
2008 Financial RIL revenue crosses Rs. 130,000 crore mark, net profit crossed Rs. 15,000 crore mark and Total Assets crossed Rs. 140,000 crore mark, unparalleled in the Indian private sector. Exports cross Rs. 80,000 crore mark, 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian private sector.[13]
2008 Financial RIL reaches an aggregated worth of approximately US$ 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.[22]
2009 April 2 Hydrocarbon production RIL commences production of hydrocarbons in its KGD6 block in the Krishna Godavari Basin with the production of sweet crude of 420 API.[7][5]
2009 Recognition American global management consulting firm 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.[11]
2010 April RIL commissions a 1 MW solar Photo Voltaic power plant at Thyagaraj Sports Complex in New Delhi.[7]
2010 June Acquisition RIL acquires 95% stake in broadband service provider Infotel Broadband for Rs 4,800 crore.[33][7]
2010 August Acquisition RIL acquires the equity shares of EIH Ltd representing 14.12% from Oberoi Hotels and certain other promoters at a total cost of Rs 1021 crore.[7]
2010 December Joint venture RIL enters into a joint venture agreement with Russian petrochemical company Sibur for the production of butyl rubber in India.[7]
2010 Recognition RIL is ranked 68th in the Financial Times Global 500 list of the world's largest companies (up from previous year's 75th rank).[13]
2011 February Partnership RIL enters into a strategic partnership with 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 joint venture between the two companies for the sourcing and marketing of gas in India.[7]
2011 March Joint venture RIL and D E Shaw Group agree to establish a 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. [7]
2011 April Hydrocarbon exploration RIL announces a rich natural gas discovery in the very first well it drilled on a deep sea block in the Cauvery basin.[11][34][35]
2011 June 10 Acquisition RIL and its associate Reliance Industrial Infrastructure Ltd enter into an agreement with Bharti Enterprises for acquiring Bharti's shareholding of 74% in Bharti Axa Life Insurance Co Ltd and Bharti Axa General Insurance Co Ltd. [7][36]
2011 September Partnership Reliance Security Solutions partners with Siemens to jointly develop homeland security solutions for safe, secure and smart cities and highways in India.[7]
2011 November Joint venture RIL and British Petroleum announce the incorporation of India Gas Solutions Pvt Ltd, an equal-equity joint venture aimed at focusing on global sourcing and marketing of natural gas in India.[37][38]
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.[11]
2012 February Joint venture RIL and Russian petrochemicals company Sibur agree to form a joint venture named Reliance Sibur Elastomers Pvt Ltd to produce 100000 tons of butyl rubber per year in Jamnagar.[7] RIL's share in the JV would total 74.9% with Sibur accounting for the rest.[11]
2012 March Recognition RIL becomes the first Indian company to be certified as "Responsible Care Company" under stringent standards of American Chemistry Council. RIL's Petrochemical Business wins this accolade for its robust management system.[11]
2012 May Contract RIL selects American firm Fluor Corporation to perform project management services for its projects being executed at its Jamnagar refining and petrochemical complex in Gujarat.[39][40][41]
2013 January Renaming RIL owned Infotel Broadband Services is renamed Reliance Jio Infocomm Limited. The subsidiary is the only company in India that is capable of providing 4G services through the country because of its 20 MHz pan-India spectrum.[42]
2014 May 29 Acquisition RIL acquires control in Network18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast Ltd.[7]
2014 December 9 Joint venture RIL announces a joint venture with China's Shandong Ruyi for RIL's textiles business which operates under the Vimal brand.[7]
2014 Financial Reliance Retail becomes the largest retailer by revenue in the year.[43][5]
2015 Subsidiary LYF is established by Reliance Jio as a mobile handset company. Headquartered in Mumbai, it manufactures 4G-enabled VoLTE smartphones which run on Android.[44][45][46]
2015 December Recognition RIL wins 'energy Oscars' Platts Global Energy Award for robust corporate social responsibility role.[47]
2015 December 27 Service Reliance Jio launches its services to the group’s 80,000-odd employees and close partners.[48]
2016 April Infrastructure Reliance Jio announces the launch of the Bay of Bengal Gateway (BBG), a 8,100 km cable system expected to provide high speed connectivity to South East Asia and the Middle East. The network would then link to Europe, Africa and Far East Asia via interconnection with existing cable systems.[49]
2016 September Service Reliance Jio Infocomm announces the commencement of telecom services with `Jio Welcome Offer'.[7]
2016 November 17 Partnership RIL and General Electric announce the signing of a global partnership agreement in the Industrial internet of things (IIOT) space to provide Industrial IOT solutions to customers in oil & gas fertilizer power healthcare telecom and other industries.[7]
2017 September Acquisition RIL wins the bid to acquire the assets of Kemrock Industries and Exports Limited of Vadodara (Gujarat) as a part of its efforts to enter the composites business.[7]
2017 Financial Reliance Retail crosses US$5 billion revenue mark.[7][5]
2017 June Partnership RIL and British Petroleum announce joint development of the `R-Series' deep water gas fields in Block KGD6 offshore the east coast of India.[50][7]
2018 Ranking RIL is ranked 148th on the Fortune Global 500 list of the world's biggest corporations as of 2018.[51]
2019 March Leadership According to Forbes magazine, Mukesh Ambani is the richest man in Asia[52] and the 13th richest person in the world.[53]
2019 October Financial RIL becomes the first Indian firm to cross Rs 9 lakh crore market valuation mark.[54]
2019 Recognition RIL ranks 106th on the Fortune Global 500 list of the world's biggest corporations as of date.[55]

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References

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