Reliance Retail
| Subsidiary | |
| Founded | 2006 |
| Headquarters | Reliance Industries Limited, Nariman Point, Mumbai, India |
|
Number of locations
|
2000 retail stores (as of October 2014) |
|
Area served
|
india |
|
Key people
|
Mukesh Ambani (Chairman and MD) Damodar Mall (CEO) Shawn Gray (COO)[1] |
| Revenue |  ₹160 billion (US$2.4 billion)[2] |
| Parent | Reliance Industries Limited |
| Divisions | Reliance Fresh, Reliance Digital |
| Website | [3] www |
Reliance Retail Ltd. is a subsidiary company of Reliance Industries. Founded in 2006 and based in Mumbai, it is the largest retailer in India in terms of revenue.[4] Its retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits and flowers. It focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health and well-being products, as well as on educational products and services.
It has a total of 2000 stores (as of October 2014) in India with an area of approx.[5] 9 million square feet across 155 cities.
Financial Position
It had a turnover of Rs. 168 billion in the financial year 2013-14. Approx. 56 per cent of this revenue came from its 'value and other' segment that operates grocery chains Reliance Fresh, Reliance Super and Reliance Hyper.
Reliance Retail has announced revenues of Rs. 40.74 billion for the second quarter of 2014, showing 53% jump from 2013. The company also reported operating profit of Rs. 189 million for the same quarter.[4] Reliance reported quarterly profit of Rs. 189 Crore (for July - September 2014).[5]
Subsidiaries & divisions
There are over 45 Subsidiaries & divisions of Reliance Retail.[6] Following is the list of major divisions:
- Reliance Fresh - Retail outlets of fruits, vegetables & groceries. This division is yet to become profitable.[7]
- Reliance Digital - Consumer Electronics retail stores. It had 689 stores in October 2014.
- Reliance Jewels - Jewellery; It had revenues of approx. Rs. 8 billion in financial year 2012-13.[8]
- Reliance Time Out - Lifestyle store of Books, Music, Movies, Toys, Gaming, Fragrances, Stationery.
- Reliance Trends, Reliance Footprint and Reliance Living - Apparel and Clothing. It had revenues of approx. Rs. 16 billion in financial year 2012-13.[8]
- Reliance Market, Reliance market - Wholesale cash n Carry . It had revenues of approx. Rs. 1.6 billion in financial year 2012-13.[8]
References
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- ↑ 5.0 5.1 http://www.livemint.com/Companies/dfxa8g5lmWFvR6iuE4q1xO/Mukesh-Ambanis-Reliance-Retail-set-to-make-profit-after-7-y.html
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