Popular brands owned by Mukesh Ambani's Reliance Industries
Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani. Mukesh Ambani is currently the chairman and managing director of the company.
We often hear about multi-crore conglomerates like Mukesh Ambani's Reliance Industries and Ratan Tata's Tata Group, however, it is not often that we realise the extent to which they influence our daily lives through the brands that they own.
Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Reliance Commercial Corporation was set up in 1958 by Dhirubhai Ambani. Mukesh Ambani is currently the chairman and managing director of the company.
Today, we will tell you about some of the brands that are owned by Mukesh Ambani's Reliance Industries.
Zivame
Online lingerie brand Zivame was acquired by Reliance Retail in 2020.
Urban Ladder
In 2020, Reliance Retail bought a majority 96% stake in Urban Ladder which is an online furniture brand for over Rs 182 crore.
Just Dial
In 2021, Reliance Retail acquired Just Dial at Rs 3,497 crore.
Clovia
Reliance Retail, in March 2022, acquired a majority 89% equity stake in Purple Panda Fashions owned by Clovia.
Nickelodeon
In India, Nickelodeon is owned by Viacom18, which is a joint venture between Paramount Global and TV18 (owned by Reliance Industries).
Forbes India
Forbes India, the Indian edition of the renowned Forbes magazine, is run by Network18 owned by Mukesh Ambani’s Reliance Industries.
Hamleys
In an all-cash deal in 2019, Reliance Retail acquired Hamleys which is a British multi-national toy store chain.
ColorsTV
ColorsTV is owned by Viacom18 which is a joint venture between Paramount Global and TV18 (owned by Reliance Industries).
NetMeds
Mukesh Ambani’s Reliance Industries bought a majority stake in NetMeds for Rs 620 crore.
Mandarin Oriental, New York
In January 2022, the luxury hotel in New York was acquired by Mukesh Ambani’s Reliance Industries for $98.15 million (Rs 811 crores).
Amante
In addition to Zivame and Clovia, Reliance Retail owns Amante, an innerwear brand acquired from Sri Lanka-based MAS Holdings in 2021.
Mukesh Ambani is married to Nita Ambani and has three children Akash Ambani, Anant Ambani, and Isha Ambani. Mukesh Ambani also owns the second-most home in the world - Antilia.