RELIANCE INDUSTRIES IS THE SECOND BIGGEST BRAND AFTER APPLE
Updated: Sep 2, 2020
India’s wealthiest tycoon and world’s fifth richest man, Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries, has been ranked as the second biggest brand globally after Apple on the FutureBrand Index 2020. It has performed well on every attribute and people have strong emotions attached to the company. The largest company in India, Reliance Industries, operates in almost all industries like petrochemicals, energy, natural resources, retail, electronics, video conferencing, and telecommunications.
Jio, the digital arm of RIL, has secured investments of $20.2 billion from top giants to declare itself a debt-free company. It has revolutionized the digital landscape of the country. Net income of Reliance Jio, a subsidiary of Reliance, nearly tripled in the April-June period, its 11th consecutive profitable quarter, driven by tariff rises, substantial customer additions, and lower borrowing costs after debt reduction. For the recent quarter ended in June, Reliance Jio posted a 182.8 percent rise in year-on-year net income to 2,520 crore Indian rupees. Jio's quarterly revenue grew to around 16,557 crores by 34 percent per year. As of June 30, Reliance Jio 's overall customer base rose to 398.3 million.
Reliance Industries is the only Indian company in the top ten in the list released by FutureBrand. It is followed by Samsung at the third place, then Nvidia, Moutai, Nike, Microsoft, ASML, PayPal, and Netflix.