Reliance Industries Ltd, the Indian multinational conglomerate, has finally crossed the market capitalization of Rs 10 lakh crore and has become the first Indian company to pull off this feat. Tata Consultancy Services, the second most valued firm, has a market cap of Rs 7.81 lakh crore.
In October, RIL had hit the Rs 9 lakh crore m-cap mark, which was also the first time achievement by any listed company. In August 2018, RIL became the first Indian firm to cross the Rs 8 lakh crore m-cap mark. RIL has also said that the group aims to monetize its assets and repay its debt so that Reliance Industries Ltd. becomes a zero-debt company by March 2021.
Reliance Industries Limited (a Fortune 500 company) and the largest private sector corporation in India is led by Mukesh Ambani. Reliance’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.
