Reliance Industries Ltd - Integrated Annual Report 2020

What is good for India is good for Reliance.

This belief has shaped our ambitions and actions every day since inception. Today, as India emerges as a global hotbed of innovation, enterprise, connectivity and prosperity, we are partnering with a new generation of Indians to propel the nation’s transformation. We are unleashing their power of innovation and differentiated thinking while nurturing their commitment to a better planet and a better future for all. We are building new platforms and hyper‐growth engines that are intertwined with the nation’s rapid progress on the world stage.

We are constantly aligning our ambitions with India’s dreams. We have committed resources and ideas to a digital revolution, created world-class manufacturing assets that produce clean fuels and materials of the future and built a consumer-focused, integrated retail ecosystem. We have also joined forces with the best in the world, to bring the best of the world to India. At Reliance, we are on a pursuit of self‐reliant, sustainable growth and are stepping up to the challenge of taking on the future and making it India’s own.

Our dreams have to be bigger. Our ambitions higher. Our commitment deeper. And our efforts greater. This is my dream for Reliance and for India.

Shri Dhirubhai H. Ambani Founder Chairman

Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India.

Highlights FY 2020-21

CONSOLIDATED TURNOVER

`5,39,238 crore

18.3%

NET WORTH

`5,87,999 crore

58.2%

NET PROFIT

`53,739 crore

34.8%

Fund raises in FY 2020-21

JIO
PLATFORMS

`1,52,056 crore

RELIANCE
RETAIL

`47,265 crore

RIGHTS
ISSUE

`53,124 crore

RELIANCE-BP FUEL RETAILING PARTNERSHIP

`7,629 crore

Progressing with India. Every step of the way.

Reliance is India’s largest and most profitable private sector company. We are a significant global player in the integrated energy value chain and have established leadership position in the Retail and Digital Services business in India. Over the past four decades, we have emerged as a stakeholder-centric organisation, building for India and innovating for India.

India’s largest company

BY MARKET CAPITALISATION

`13,15,998 crore

BY REVENUE

`5,39,238 crore

BY PROFITABILITY

`53,739 crore

One of the largest contributors to India

THROUGH EXPORTS

`1,45,143 crore

BY CREATING JOBS

75,000+

during the year

CSR ACTIVITIES

`1,140 crore

Our Values

Operating leading businesses

Retail

India’s largest retailer by reach, revenue and profitability.

Highlights 2020-21

REVENUE5.6%

`1,53,818 crore

EBITDA1.5%

`9,842 crore

Through Jio Platforms Limited (JPL), Reliance operates India’s largest telecom network.

Highlights 2020-21

REVENUE29.7%

`90,287 crore

EBITDA45.8%

`34,035 crore

One of India’s largest media houses with omni-channel presence, bringing the world to households.

Highlights 2020-21

REVENUE11.8%

`5,459 crore

EBITDA29.0%

`796 crore

One of the world’s most integrated Oil to Chemicals operations, driving India’s energy security.

Highlights 2020-21

REVENUE29.1%

`3,20,008 crore

EBITDA29.1%

`38,170 crore

Upstream portfolio consisting of deep water acreage and CBM blocks in India and Shale Gas in the United States of America.

Highlights 2020-21

REVENUE33.4%

`2,140 crore

EBITDA26.9%

`258 crore

Chairman and Managing Director’s Statement

Executing growth engines for India’s future

In an unpredictable and challenging environment, agility and innovation are key to staying consistently successful.

Shri Mukesh D. Ambani Chairman and Managing Director

‘Made for India. Made in India.’

Hyper-growth engine:
Omni-channel Retail

Bringing finest shopping experience to Indian consumers

Hyper-growth engine:
World-class Digital Services

Building India’s digital lifeline for today and tomorrow

Hyper-growth engine:
Highly integrated O2C business

Creating sustainable energy and materials for India’s future needs

Financial
Consumer Business Metrics
Market Capitalisation
ESG

Financial

Turnover

`5,39,238 crore

18.3%

2018-19
2019-20
2020-21

Profit After Tax

`53,739 crore

34.8%

2018-19
2019-20
2020-21

Earnings Per Share

`76.4

21.1%

2018-19
2019-20
2020-21

Dividend Per Share

`7

2018-19
2019-20
2020-21

Net Worth

`5,87,999 crore

58.2%

2018-19
2019-20
2020-21

Book Value Per Share

`1,086.4

53.3%

2018-19
2019-20
2020-21

Debt Equity Ratio

0.36

2018-19
2019-20
2020-21

Contribution to National Exchequer

`1,35,468 crore

2018-19
2019-20
2020-21

Consumer Business Metrics

Registered Loyal Customers of Reliance Retail

156 million

24.8%

2018-19
2019-20
2020-21

Jio Subscribers

426.2 million

10.0%

2018-19
2019-20
2020-21

EBITDA of Consumer Business

`43,877 crore

2018-19
2019-20
2020-21

Share of Consumer Business in Segment EBITDA

49.5%

2018-19
2019-20
2020-21

Market Capitalisation

`13,15,998 crore

^* As on March 31, 2021

ESG

HSE Expenditure

`592 crore

2018-19
2019-20
2020-21

Energy Saved

51,47,687 GJ

Cumulative Reach (Through CSR Initiatives)

4.5+ crore

2018-19
2019-20
2020-21

Villages Benefitted

44,700 +

Man-hours of Training Imparted

1.8 crore

2018-19
2019-20
2020-21

Meals Distributed

5.5+ crore

(till date)

Value-creation approach

Forward with India.
Forward with everyone.

Investors and Shareholders

Reliance is a pioneer who started the equity revolution in India, and over the years has given superior and consistent returns to the shareholders and investors.

US$200 billion

Market capitalisation crossed during the year

Government and Regulatory Authorities

Reliance is one of the largest tax payers (direct and indirect) in India. We have a strong track record of mandatory and voluntary compliance, and we endorse national schemes set for India’s growth.

`1,35,468 crore

Contribution to National Exchequer

Supporting Communities

Through Reliance Foundation, we run one of the largest corporate philanthropies in India, with far-reaching impact.

`1,140 crore

CSR expenditure during the year

Employees

One of India’s employers of choice, we attract skilled talent from various backgrounds, and provide them with a fair, diverse and meritocratic ecosystem for career development.

2,36,334

Employees on roll

Customers

Reliance today is a consumer-oriented company, offering consumer-centric solutions. We provide superior experience and delight customers across all businesses.

Over 5 Exabytes

Data traffic carried by Jio network per month

Suppliers and Partners

Our partnerships continue to power our way forward in the sectors that we operate in. We also maintain an agile, while predictable supply chain, and work closely with our vendors, including MSMEs and domestic manufacturers.

10,000+

MSME vendors

Protecting, supporting and engaging our people

Our people form the bedrock of our existence. At Reliance, we are an employer of choice for tens of thousands of people, and we provide them with a conducive environment for personal and career growth. We engage regularly with them at various levels and consider their well-being our topmost priority.

Nurturing homegrown enterprises

Our startup accelerator programme, JioGenNext, supports exceptional founders for launching their startups in the Reliance ecosystem. In FY 2020-21, remote acceleration became the new normal in our incubation platform, and we added 22 new startups into the ecosystem.

Made for India.

Made in India.

What is good for India is good for Reliance.

Our dreams have to be bigger. Our ambitions higher. Our commitment deeper. And our efforts greater. This is my dream for Reliance and for India.

Highlights FY 2020-21

`5,39,238 crore

`5,87,999 crore

`53,739 crore

Fund raises in FY 2020-21

`1,52,056 crore

`47,265 crore

`53,124 crore

`7,629 crore

Reliance at a glance

Progressing with India. Every step of the way.

India’s largest company

`13,15,998 crore

`5,39,238 crore

`53,739 crore

One of the largest contributors to India

`1,45,143 crore

75,000+

`1,140 crore

Our Values

Operating leading businesses

Retail

Highlights 2020-21

`1,53,818 crore

`9,842 crore

Digital Services

Highlights 2020-21

`90,287 crore

`34,035 crore

Media and Entertainment

Highlights 2020-21

`5,459 crore

`796 crore

Oil to Chemicals

Highlights 2020-21

`3,20,008 crore

`38,170 crore

Oil and Gas E&P

Highlights 2020-21

`2,140 crore

`258 crore

Chairman and Managing Director’s Statement

Executing growth engines for India’s future

‘Made for India. Made in India.’

Bringing finest shopping experience to Indian consumers

Building India’s digital lifeline for today and tomorrow

Creating sustainable energy and materials for India’s future needs

Partnering with the best in the world for India

Standing together with India

Empowering India at scale

Key Performance Indicators

Financial

`5,39,238 crore

`53,739 crore

`76.4

`7

`5,87,999 crore

`1,086.4

0.36

`1,35,468 crore

Consumer Business Metrics

156 million

426.2 million

`43,877 crore

49.5%

Market Capitalisation

`13,15,998 crore

ESG

`592 crore

51,47,687 GJ

4.5+ crore

44,700 +

1.8 crore

5.5+ crore

Value-creation model

Delivering superior and consistent outcomes

Partnering
with the best in
the world for India

Standing together
with India

Empowering India
at scale

Forward with India.
Forward with everyone.

CSR
Report

Business
Responsibility Report