city02 63 Report post Posted July 20, 2004 Reliance Industries Limited (RIL) is the first and only private sector Company from India to feature in the prestigious 2004 Fortune Global 500 List of the World's Largest Corporations. With profits topping $1.125 billion, Reliance is ranked 189th in the profit category.The Fortune 500 Global List ranks companies based on revenues, profits, assets, stockholders' equity (net worth) and number of employees. In the Stock Holders' Equity category, Reliance stands at the 259th rank (US$ 7.934 billion), in Assets (US$ 16.388 billion) at 377th rank, in number of Employees (11,371 Employees) at 467th rank and in Revenues (US$ 11.327 billion) at the 482nd rank. Hailing the inclusion, Anil Ambani, Vice Chairman and Managing Director remarked: “This is a historic moment for our country, for the entire Indian private sector, and for Reliance. The ascent of a first generation company, Reliance, to the distinguished Fortune Global 500 Club is a tribute to the vision of our founder Chairman, Dhirubhai Ambani, and to the glorious spirit of Indian enterprise and entrepreneurship. We thank all our people, and all our stakeholders, who have made this extraordinary achievement possible." Share this post Link to post Share on other sites
