Reliance Retail

Reliance Retail Limited
Subsidiary
Founded 2006
Headquarters Reliance Industries Limited, Nariman Point, Mumbai, India
Number of locations
 2000 retail stores (as of October 2014)
Area served
 India
Key people
 Mukesh Ambani (Chairman and MD)
Damodar Mall (CEO)
Shawn Gray (COO)[1]
Revenue Increase INR160 billion (US$2.5 billion)[2]
Parent Reliance Industries Limited
Divisions Reliance Fresh, Reliance Digital
Website www.ril.com/html/business/business_retail.html

Reliance Retail Ltd. is a subsidiary company of Reliance Industries. Founded in 2006 and based in Mumbai, it is the largest retailer in India in terms of revenue.[3] Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits and flowers. It focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health and well-being products, as well as on educational products and services.
It has a total of 2000 stores (as of October 2014) in India with an area of approx.[4] 9 million square feet across 155 cities.

Financial Position

It had a turnover of Rs. 168 billion in the financial year 2013-14. Approx. 56 per cent of this revenue came from its 'value and other' segment that operates grocery chains Reliance Fresh, Reliance Super and Reliance Hyper.
Reliance Retail has announced revenues of Rs. 40.74 billion for the second quarter of 2014, showing 53% jump from 2013. The company also reported operating profit of Rs. 189 million for the same quarter.[3] Reliance reported quarterly profit of Rs. 189 Crore (for July - September 2014).[4]

Subsidiaries & divisions

There are over 45 Subsidiaries & divisions of Reliance Retail.[5] Following is the list of major divisions:

  1. Reliance Fresh - Retail outlets of fruits, vegetables & groceries. This division is yet to become profitable.[6]
  2. Reliance Digital - Consumer Electronics retail stores. It had 689 stores in October 2014.
  3. Reliance Jewels - Jewellery; It had revenues of approx. Rs. 8 billion in financial year 2012-13.[7]
  4. Reliance Time Out - Lifestyle store of Books, Music, Movies, Toys, Gaming, Fragrances, Stationery.
  5. Reliance Trends, Reliance Footprint and Reliance Living - Apparel and Clothing. It had revenues of approx. Rs. 16 billion in financial year 2012-13.[7]
  6. Reliance Market, Reliance market - Wholesale cash n Carry . It had revenues of approx. Rs. 16 billion in financial year 2012-13.[7]

References

  1. ↑ "Reliance Retail rejig: Ex-Walmart China execs Cissell & Gray to join as CEO & COO". Economic Times. 4 July 2011. Retrieved 27 August 2013.
  2. ↑ "Annual Report 2012-13" (PDF). RIL.com. 8 May 2013.
  3. ↑ 3.0 3.1 "Ambani tops retailer list, too". Business Standard. Retrieved 19 Aug 2013.
  4. ↑ 4.0 4.1 http://www.livemint.com/Companies/dfxa8g5lmWFvR6iuE4q1xO/Mukesh-Ambanis-Reliance-Retail-set-to-make-profit-after-7-y.html
  5. ↑ "Subsidiaries of Reliance Retail Limited". ril.com. Retrieved 27 August 2013.
  6. ↑ "Few RIL retail arms still making losses". Business Standard. 11 May 2013. Retrieved 27 August 2013.
  7. ↑ 7.0 7.1 7.2 "Reliance Retail’s growth trail". The Hindu Businessline. 31 July 2013. Retrieved 19 August 2013.

External links