Reliance 40th AGM Left Everyone Confound; Launched India's Cheapest Phone At Cost Of Rs. 0
Reliance 40th AGM Left Everyone Confound; Launched India's Cheapest Phone At Cost Of Rs. 0
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Mukesh Ambani, owner of Reliance Company and India?s richest man charted out Reliance's journey from a startup in 1977 till now, on Friday. While delivering his speech at the 40th annual general meeting of RIL he made some flabbergasting announcements.

Here are the seven points of which Reliance has achieved an astonishing success.

1. Reliance saw 4,700 times increase in turnover in the last 40 years.

2. Its net profit rose from Rs 3 crore to Rs 30,000 crore during the same period. A 10,000 times increase in net profit

3. RIL's assets which stood at Rs 32cr in 1977, is at a staggering Rs 7, 00,000 crore today, a multiple of 20,000 times

4. The company's 
market capitalization multiplied from Rs 10 crore in 1977 to Rs 5 lakh crore, multiplying a whopping 50,000 times.

5. Rs 1,000 invested in the company's stock is today worth Rs 16.5 lakh, which means that the investors' money doubled every 2.5 years.

6. From 3,500 employees in 1977, all of RIL's businesses put together today employ 2,50,000 people worldwide.

7. "In just 4 decades, Reliance has grown from a small startup to one of the largest, most admired companies in the world"

These were the announcements made by Mukesh Ambani himself.

He stated that Jio users will expand up to 99% of India?s population very soon making Reliance a thunderstorm in the Telecom market.

Watch his full speech here:

 

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