Reliance Industries Limited (RIL) Chairman Mukesh Ambani has outlined a bold new vision for the company, setting ambitious goals for its global standing.
During the 47th Annual General Meeting (AGM) of Reliance Industries on Thursday, Ambani highlighted the significant role RIL has played in the Indian economy and shared his vision of propelling the company into the global top 30, driven by advancements in technology and manufacturing.
"Our future is far brighter than our past. It took us over two decades to enter the global Top 500. In the subsequent two decades, we moved into the Top 50 of the world's most valuable companies," Ambani stated. "With our strategic focus on Deep-Tech and Advanced Manufacturing, I am confident that Reliance will soon secure a place in the global Top 30."
Reliance Industries, under Ambani's leadership, reported a 5% decline in consolidated net profit for the first quarter of 2024, with earnings at Rs 15,138 crore, compared to Rs 16,011 crore during the same period last year.
In the financial year 2024, Reliance achieved a record consolidated turnover of Rs 10,00,122 crore, becoming the first Indian company to surpass the Rs 10 lakh crore milestone in annual revenues. Additionally, the company reported an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rs 1,78,677 crore and a net profit of Rs 79,020 crore.
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