SUPER LARGE COMPANY #1 Game Changer
Sep 03, 2020
3 minutes
BY NEVIN JOHN
PHOTOGRAPH BY BANDEEP SINGH
“CONSUMER BUSINESSES TODAY CONTRIBUTE ABOUT 35% OF OUR CONSOLIDATED EBITDA. JUST FIVE YEARS AGO, NEARLY ALL OF OUR EBITDA WAS FROM OUR ENERGY AND MATERIALS BUSINESS”
Mukesh Ambani, Chairman, RIL at the company’s virtual AGM in July 2020
addressed the Reliance Industries (RIL) annual general meeting in 2017, the launch of telecom venture Reliance Jio was still a couple of months away. Though shareholders knew about Ambani’s project execution skills, many were unconvinced about the investment opportunity in an incumbent dominated, price-war driven telecom business. Ambani then announced the next
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