Few parallels for RIL-like transformation in the world of business

Topics Reliance Industries | SoftBank | ITC

The country’s biggest oil firm making a huge and successful foray into the telecom space four years ago was truly a transformative move in the life of the 54-year-old company that started as a polyester trader and later got into petroleum and refining. Reliance Industries (RIL) got into retail in 2006, and these decade-or-so old consumer and technology-centric businesses now account for over a third of its Rs 6.59 trillion revenues. What’s more, the Mukesh Am­bani-led conglomerate intends to mesh all consumer businesses into an integrated digital play and take the world by the .....

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