What Is The History Of Reliance Retail?

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What Is The History Of Reliance Retail?

2 Answers

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Answer 1

Reliance Retail is a part of the Reliance Industries Limited. Reliance industries is actually the largest conglomerate in India. It has an annual turnover of US$35.9 Billion. It is also listed on 206th position in the Fortune Global 500 companies. The company started off as a small textile company around 30 years ago. And now it has expanded vertically and horizontally to be India's Number 1.

Reliance Retail is actually the retail group of Reliance Industries Limited. It has a number of brands like Reliance Time Out, Reliance Digital, Reliance Wellness. Autozone, Reliance Super, Reliance Mart, Reliance iStore

Reliance Group was established in 1970's. The Reliance Retail was found in the year 2006 as an operating subsidiary. It has its head office in Mumbai, India.

Answer 2

Reliance Retail is a subsidiary of Reliance Industries Limited. It is the largest Private sector conglomerate of India.

Reliance Retail is the retail business of Reliance Industries. There are many brand names under this business such as Reliance iStore, Reliance Home Kitchens, Reliance Time Out, Reliance Digital, Reliance Wellness, Reliance Trendz etc.

Reliance was established as a textile concern in the year 1966 by Dhirubhai H. Ambani. This company followed a diversification strategy since its inception. It vertically integrated. This resulted in formation of many subsidiaries. Reliance Retail is one such subsidiary.