Reliance Industries Ltd - Integrated Annual Report 2022

Reliance’s success is a reflection of India’s capabilities, the talent of her people, and the potential of her entrepreneurs, engineers, managers and workers.

Shri Dhirubhai H. Ambani

Founder Chairman

Reliance Industries Limited (RIL) is a Fortune Global 500 company and the largest private sector corporation in India. Over the last four decades, Reliance has emerged as one of India’s most valuable, stakeholder-centric organisations. It has built important assets for India, innovating and investing for a better future for all Indians. The one unifying thread that runs through everything we have accomplished at Reliance is the spirit of Care and Empathy.

India’s largest company by

MARKET CAPITALISATION*

`0,3,930 CRORE

REVENUE

`0,4,060 CRORE

NET PROFIT

`0 CRORE

Contributing meaningfully to India’s economic growth

EXPORTS

`0,0 CRORE

NEW HIRES

0,0

CSR CONTRIBUTION

`0 CRORE

Proud champion of Make In India

FORTUNE GLOBAL 500

#0

FORBES BEST EMPLOYER

#0

Among the largest private sector investor in capital assets in India

Know Financial Performance and Review Reliance at a Glance

* Market Capitalisation is as on July 20, 2023, ex-demerger of financial services undertaking post price discovery thereof
Note 1: All figures are as on/for the year ended March 31, 2023
Note 2: All figures for FY 2022-23 are excluding financial services

CHAIRMAN AND MANAGING DIRECTOR’S STATEMENT

Growing Stronger
to Care Better

Shri Mukesh D. Ambani

Chairman and Managing Director, Reliance Industries

Dear and esteemed fellow shareholders,

We, at Reliance, have a deep-rooted belief that sustainability is an integral part of enterprise growth. The tremendous stress that mankind has exerted on natural resources, since the advent of the Industrial Revolution, has brought us to a stage where we need to collectively ramp up our efforts to combat climate change.

We Serve

Fulfilling Aspirations
of a New India

RETAIL

India’s largest retailer by reach, revenue, and profitability, serving over 98% of India’s pin codes through an integrated online and offline network.

Retail Business

REVENUE ↗30.4%

`0,0 CRORE

$31.7 BILLION

EBITDA ↗44.7%

`0 CRORE

$2.2 BILLION

We Connect

Ushering in the Next Phase of
India’s Digital Revolution

DIGITAL SERVICES

India’s largest digital services player, serving
~439 million subscribers with the most advanced
fixed-mobile converged connectivity platform and digital solutions across business verticals and customer life cycle.

Digital Services

REVENUE ↗19.6%

`0,0 CRORE

$14.6 BILLION

EBITDA ↗24.9%

`0 CRORE

$6.1 BILLION

We Energise

Accelerating the
Green Transformation

OIL TO CHEMICALS

One of the world’s most integrated Oil to Chemicals operations producing high spec fuels and materials. Reliance is committed to maximise integration and produce high value chemicals and green materials for the growing Indian market.

REVENUE ↗18.7%

`0,0 CRORE

$72.4 BILLION

EBITDA ↗17.7%

`0 CRORE

$7.6 BILLION

Oil To Chemicals

OIL AND GAS E&P

One of India’s largest Exploration and Production players, with an upstream portfolio comprising of deep and ultra-deepwater oil and gas fields and coal bed methane blocks in India.

REVENUE ↗120%

`0 CRORE

$2.0 BILLION

EBITDA ↗149%

`0 CRORE

$1.7 BILLION

Oil and Gas E&P

New Energy

Our aim is to achieve Net Carbon Zero by 2035 through decarbonisation and New Energy. We are actively investing in and collaborating with partners to build a scalable and enabling energy ecosystem.

~`0 CRORE

INVESTMENTS / ACQUISITIONS MADE

New Energy

We Entertain

Disrupting
the World of Storytelling

MEDIA AND ENTERTAINMENT

Reliance’s media and entertainment plans promise to ignite the stage with audacious ambition. From redefining storytelling to pioneering immersive experiences, it is poised to unleash a new era of captivating content that will enthrall audiences and leave them craving for more. Brace yourself for a spectacle like never before!

Media And Entertainment

REVENUE ↗6.4%

`0 CRORE

$884 MILLION

EBITDA ↘79.1%

`0 CRORE

$28.7 MILLION

We Include

Empowering
India Together

With a comprehensive development approach, Reliance Foundation, the CSR arm of Reliance Industries, positively touches the lives of millions every year, making it one of the largest corporate philanthropies in India and the world.

`0 MILLION +

LIVES TOUCHED SINCE INCEPTION

We Enrich

A Haven for
Art and Culture

The Nita Mukesh Ambani Cultural Centre (NMACC)—a part of Mumbai’s Jio World Centre— is a vibrant hub of creativity, art, and culture. Envisioned by Smt. Nita M. Ambani, it is designed to celebrate and nurture the diverse expressions of human imagination. The Centre offers a mesmerising fusion of performances, exhibitions, workshops, and events that enrich and inspire. Step into a world where artistic brilliance thrives and embark on a journey of exploration and enlightenment..

STAKEHOLDER VALUE-CREATION

An Inclusive Ecosystem
of Progress

VALUE ADDED STATEMENT (Consolidated)

Value added is defined as the value created by the activities of a business and its employees.

`0,0 CRORE

TOTAL VALUE ADDED IN FY 2022-23 (TOTAL VALUE ADDED IN FY 2021-22 ₹3,36,512 crore)

Reinvested in the group to maintain and develop operations (cash profit – dividend)

`0,0 CRORE

Employee benefits

`0 CRORE

Contribution to society

`0 CRORE

Providers of debt
(includes interest cost)

`0 CRORE

Providers of equity capital

`0 CRORE

Contribution to national exchequer

`0,0 CRORE

KEY CORPORATE ACTIONS

A Clear Path for
India’s Future

We constantly work towards providing unique customer centric solutions, including in the areas of mobility, new materials and empowering merchant partners through new commerce.

STRATEGY

Transforming with
Conviction and Care

New Commerce connects producers, kiranas and customers through Reliance Retail

Digital Technologies and Platforms through Jio Platforms.

Decarbonisation, transition from traditional fuels to renewable energy solutions

Transition from B2B to B2B2C and Fuel to Chemicals Integration

ESG

Collaboration as a Catalyst for Change

We are dedicated to serving India with care, empathy, and humility, aligning our efforts with environmental and social considerations, guided by good governance principles.

STARTUP ECOSYSTEM

Nurturing Digital
Ecosystems

JioGenNext started its journey with Chairman and Managing Director,
Shri. Mukesh D. Ambani’s vision of nurturing startups.

Labs/02, an Israel Innovation Authority (IIA) sponsored incubator, is supported by Reliance in partnership with OurCrowd and Yissum.

Risk and
Governance

Reliance Risk Management Framework provides consistent, clear and robust framework for managing risks across the group and thus is fundamental to our performance and progress as a company.