Case Studies and Management Resources
Asia's Most Popular Collection of Management Case Studies |
 |
Case Studies and Management Resources
Asia's Most Popular Collection of Management Case Studies |
|
Dhirubhai Ambani and Reliance
Reliance Without DhirubhaiIn 2002, the Reliance group with a turnover of Rs 620 billion, assets worth Rs 564.85 billion, and a work force of over 85,000 people accounted for 5% of the Central Government's total revenue. It contributed 3 % of India's GDP, 5 % of the total exports, and 9 % of the GoI's indirect tax revenues. Reliance also accounted for 25 % of India's total private sector profits. Reliance secured nearly 10 % of the profits of the entire corporate sector in India. Moreover, one out of every four investors was a shareholder of Reliance. Reliance acquired IPCL10, the Indian petrochemical giant. This acquisition gave Reliance a sound footing in the global petrochemicals market.
Reliance Mobile, the new venture of Reliance provides cellular telephony services in 13 Indian states, and Reliance Basic holds the licence to provide fixed line telecom services in the state of Gujarat. With the launch of Reliance Infocomm, Reliance has taken another major step in its continuous search for growth and excellence. It was Dhirubhai's dream to provide information technology and communication facilities to the common man, at affordable prices. The Infocomm revolution will cover thousands of villages across the country by 2003. Reliance Power intends to pursue opportunities in the power sector with an objective to achieve over 10,000 MW in the next decade. With Reliance General Insurance and Reliance Life Insurance, the group has also entered into the insurance sector. Dhirubhai's entrepreneurial abilities enabled Reliance to progress on the roads to success both in the licensing era as well as in the era of liberalisation, privatisation and globalisation. 10] Indian Petrochemicals Limited (IPCL), promoted by the GoI was incorporated in 1969. It was the first petrochemical complex in India. It commenced its operations in 1973, with an aromatic complex, located at Vadodara (formerly Baroda). Till January 1992, Government of India was the sole shareholder of IPCL. The government then disinvested 20% of its holding in favor of mutual funds and financial institutions. In May 2002, the GoI approved the sale of its 26 percent equity stake in IPCL to Reliance Industries. |
Case DetailsCase Code : LDEN011 Free Case Studies
Business Strategy Micro Case Studies
Business Environment Free Resources
Micro Case Studies Case Related Links
Best Selling Case Studies |
