Reliance Group Essay

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The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002) , is india’s largest private sector enterprises, with businesses in the energy and materials value chain. Group’s annual revenues are in excess of USS 66 billion. The flagship company, Relaince Industries Limited,is a Fortune Global 500 company and is the largest private sector company in India. DhirubhaiAmbani founded Reliance as a textile company and led its evolution as a global leader in the materials and energy value chain businesses. It was in 1957 when he returned to India after a stint with A Besse & Co., Aden he started yarn trading business from a small 500 sq.ft office in Masjid Bunder, Mumbai. He set up his brand new mill in Naroda, Gujarat. In 1996 Reliance went on to become the biggest textile brand …show more content…

Sometimes this is done to obtain necessities such as clothing; sometimes it is done as a recreational activity. Recreational shopping often involves window shopping (just looking, not buying) and browsing and does not always result in a purchase. Retail goods are traditionally divided into durable goods, such as furniture and large appliances, which are expected to last at least 5 years, and nondurable goods, which include clothing, and other categoris far too numerous to mention but which eventually form the bulk of the stuff you see on makeshift tables at garage sales. Retail industry, being the fifth largest in the world, is one of the sunrise sectors with huge growth potential and accounts for 14-15% of the country’s GDP, Comprising of organized and unorganized sectors, Indian retail industry is one of the fastest growing industries in India, especially over the last few years. According to the Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail. Factors driving growth are : • Mergers of nuclear families. • Falling real estate prices. • Gworing trend of double-income

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