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RELIANCE India's No. 1 Business Group Founded as a textile mill in 1966 by Dhirubhai H. Ambani, the Chairman of the Reliance group, Reliance continued to be a textile company until early 1980s. However, seizing the opportunities emanating from the growing Indian economy as well as the opening up of the regulation-driven sectors of the economy such as petrochemicals, plastics etc., Reliance pursued the policy of backward integration from textiles as well as diversification from the early 1980s onwards to set up world-scale facilities for manufacturing polyester and textile intermediates, plastics and polymer intermediates, detergent intermediates etc. Diversified business interests Reliance group's business activities encompass all major growth sectors of the Indian economy: - Oil & gas exploration - Refining & marketing - Petrochemicals including intermediates - Textiles - Power - Telecom - Information & Communication - Insurance - Financial services and so on Market leader in India Reliance holds leading major market shares for all its major products in India Polyesters (Filament Yarn, Staple Fibre and Resin) 51 % Fibre Intermediates (Purified Terephthalic Acid, Mono Ethylene Glycol, P-Xylene) 78 % Polymers (Polyethylene, Polyproplene, PVC) 48 % India's largest exporter During the year, Reliance's exports, including deemed exports, increased to Rs 11,510 crore (US$ 2,424 million), from Rs 11,200 crore in the previous year, recording an annual growth of 3 per cent. Reliance continued to maintain its leadership position as the largest exporter in the country. Reliance exports its products to over 100 countries, including the most quality conscious customers in the US and Europe. This demonstrates Reliance's global competitiveness, the world-class quality of its products, and superior logistics capabilities. The strong growth in exports has been achieved while retaining the thrust on the domestic markets, with exports still representing only 18 per cent of Reliance's gross turnover. Reliance has set up new export offices in China, UAE, Vietnam, Turkey and Indonesia. Contribution to Indian Economy Reliance enjoys a pre-eminent position in India's economy with group revenues of nearly 3.5 per cent of India's GDP. The group's leadership position in India is also reflected in its all round contribution to the national economy. The group contributes: · 5 per cent of India's total exports · 10 per cent of the Government of India's indirect tax revenues RIL alone accounts for: · 30 per cent of the total profits of the private sector in India · 10 per cent of the profits of the entire corporate sector in India · 7 per cent of the total market capitalization in India · Weightage of 15 per cent in the BSE Sensex · Weightage of 12 per cent in the Nifty Index · One out of every four investors in India is a Reliance shareholder.
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