Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani. Mukesh Ambani is currently the chairman and managing director of the company.
We often hear about multi-crore conglomerates like Mukesh Ambani’s Reliance Industries and Ratan Tata’s Tata Group, however, it is not often that we realise the extent to which they influence our daily lives through the brands that they own.
Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani. Mukesh Ambani is currently the chairman and managing director of the company. His kids Akash Ambani, Isha Ambani, and Anant Ambani also have a significant role to play in the Reliance business.
Today, we will tell you about some of the popular brands which are partners of Mukesh Ambani, and Isha Ambani’s Reliance Retail.
Reliance Retail has tied up with America’s big fashion brand GAP Inc. After this partnership, GAP Inc.’s products are available at Reliance Retail stores. Reliance Retail is the official retailer of Gap across all channels in India. Isha Ambani’s Reliance Retail entered into a long-term franchise agreement with GAP in 2022. The deal allowed Reliance to sell Gap products across its standalone stores, department store chains, and online channels in India.
In an all-cash deal in 2019, Reliance Retail acquired Hamleys which is a British multi-national toy store chain.
Mukesh Ambani’s Reliance Industries bought a majority stake in NetMeds for Rs 620 crore.
Marks and Spencer
Marks & Spencer forayed into India in 2001. In April 2008 the company formed a Joint venture with Reliance Retail to form Marks & Spencer Reliance India with a 51% stake towards the parent brand Marks & Spencer.
Mukesh Ambani is married to Nita Ambani and has three children Akash Ambani, Anant Ambani, and Isha Ambani. Mukesh Ambani also owns the second-most expensive home in the world – Antilia.