Reliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

, headquartered in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son

Anil Ambani Anil Dhirubhai Ambani (born 4 June 1959) is an Indian businessman. He was the chairman of Reliance Group (also known as Reliance ADA Group), which was created in July 2006 following a demerger from Reliance Industries Limited. He leads a numb ...

. Reliance Group has five listed companies, Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Home Finance and

Reliance Health Reliance Health is a subsidiary organisation of Reliance Anil Dhirubhai Ambani Group. The organisation looks after the health-care component of the conglomerate. The organisation is headed by the Indian businessman Anil Ambani. It runs two major ...

. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services.

History

Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It was renamed to

Reliance Industries Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is ...

on 8 May 1973. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion

. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers

Mukesh Ambani Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire businessman. He is the chairman and managing director of Reliance Industries Ltd. (RIL), a Fortune Global 500 company and India's most valuable company by market value. Acc ...

and

, split

in December 2005. Anil Ambani got the responsibility of Reliance Infocomm,

Reliance Energy Reliance Infrastructure Limited (R-Infra), formerly Reliance Energy Limited (REL) and Bombay Suburban Electric Supply (BSES), is an Indian private sector enterprise involved in power generation, infrastructure, construction and defence. It is p ...

and Reliance Capital. Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed world's largest order worth $8.29 billion to

Shanghai Electric Group Shanghai Electric (officially Shanghai Electric Group Company Limited) is a Chinese multinational power generation and electrical equipment manufacturing company headquartered in Shanghai. The company traces its roots to 1880. Shanghai Electri ...

to supply power equipment based on Supercritical steam generator technology. On 28 October 2017, the group launched construction of a defense production unit in Mihan-SEZ region. The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French major

Dassault Aviation Dassault Aviation SA () is a French manufacturer of military aircraft and business jets. It was founded in 1929 by Marcel Bloch as Société des Avions Marcel Bloch or "MB". After World War II, Marcel Bloch changed his name to Marcel D ...

. The production at Mihan-SEZ will begin with components for the Rafale warplanes and

Falcon Falcons () are birds of prey in the genus ''Falco'', which includes about 40 species. Falcons are widely distributed on all continents of the world except Antarctica, though closely related raptors did occur there in the Eocene. Adult falcons ...

business jet produced by Dassault. It is expected to fully assemble both the aircraft in the

Nagpur Nagpur (pronunciation: Help:IPA/Marathi, aːɡpuːɾ is the third largest city and the winter capital of the Indian state of Maharashtra. It is the 13th largest city in India by population and according to an Oxford's Economics report, Nag ...

unit in the coming years.

Major acquisitions

References

External links

* {{Reliance Anil Dhirubhai Ambani Group 01 Conglomerate companies of India Companies based in Mumbai Gas turbine manufacturers Aircraft engine manufacturers of India Aerospace companies of India Conglomerate companies established in 1966 Indian companies established in 1966 1966 establishments in Maharashtra

History

Major acquisitions

See also

References

External links