FOR RELIANCE Industries Ltd, which closed FY23 with consolidated revenues of ₹9,74,864 crore, the decade gone by was about new ventures that gave the B2B conglomerate a healthy appetite for consumer-facing businesses.
In the year to March 31, 2023, Reliance’s bedrock, the refining and chemicals operations (which it calls oil to chemicals or O2C), fetched over 60 per cent of its revenue, while the rest primarily came from retail and digital. Looking into the future, Reliance Chairman & MD Mukesh Ambani told shareholders at its annual general meeting on August 28 that his three children—twins Isha and Akash (31) and Anant (28)—will be inducted into the board of Reliance, which retains its No. 1 spot on the BT500 list this year.
This clear succession planning lays the groundwork for the next decade, at least when each of its diverse businesses has to be reimagined to ensure revenue growth on a larger
