reliance retail – Artifex.News https://artifex.news Stay Connected. Stay Informed. Fri, 19 Jun 2026 10:19:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png reliance retail – Artifex.News https://artifex.news 32 32 Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani https://artifex.news/article71121591-ece/ Fri, 19 Jun 2026 10:19:00 +0000 https://artifex.news/article71121591-ece/ Read More “Reliance Retail building garment manufacturing ecosystem: Mukesh Ambani” »

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| Photo Credit: Reuters

Reliance’s retail businesses are heading for transformation and for Reliance Retail and Reliance Consumer Products (RCPL) the company is building two growth-boosting platforms. 

“First, an Advanced Manufacturing Platform: We are building a manufacturing platform extending from beverages and daily essentials to one of the most unorganised categories – fresh fruits and vegetables,” RIL CMD Mukesh Ambani told shareholders at the Annual General Meeting in Mumbai on Friday (June 19, 2026). 

“This category is in urgent need of waste reduction, hygiene promotion, and higher safety standards. We will modernise by bringing our sourcing, cold-chain, and distribution strength to fresh produce,” he said. 

“This will give farmers fairer returns, shopkeepers dependable supply, and every family fresher food at fairer prices,” he added.

The company is also building a future-ready garment manufacturing ecosystem which will deliver better-quality garments to customers at the most competitive cost. 

“We have created supplier partnerships in 21 pan-India clusters, where these garments will be manufactured. We will also do the same for affordable electronics – from smart eyewear to televisions, smartphones, and connected wearables – with a continued focus on superior customer service,” Mr Ambani said. 

Second is an Exports platform

“Our Exports platform is a logical extension of our Manufacturing Platform in Retail. The rapid growth in our consumer brands business in India has given us the confidence to build a strong and scalable global FMCG business,“ Mr Ambani said.

“Our export journey reflects the growing strength of our brands, our competitive product portfolio and our ability to serve diverse consumer needs across global markets,” he added. 

‘Want to become India’s largest FMCG companies’

He said RCPL’s near-term ambition is to reach ₹1 lakh crore ($10.5 billion) in revenue by FY30. 

“Our long-term ambition is to become one of India’s largest FMCG companies, with a global platform to match,” he said.

Stating that the company has just begun scripting the best of RCPL, he said soon it will be a value-creating engine for Reliance Industries, comparable in scale and profitability to the Retail Business.

“Together, Reliance Retail and RCPL create a uniquely integrated platform spanning manufacturing, distribution, brands, commerce, and consumer relationships,” he said. 

“Our ambition for the next decade is not simply to be the world’s largest retailer. It is to be the world’s most intelligent, most humane, and most inclusive consumer ecosystem… one that makes a life of quality and dignity an everyday reality for every Indian,” he added.



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US Investment Firm KKR Invests $250 Million In Mukesh Ambani Reliance Retail https://artifex.news/us-investment-firm-kkr-invests-250-million-in-mukesh-ambani-reliance-retail-4381061/ Mon, 11 Sep 2023 17:07:07 +0000 https://artifex.news/us-investment-firm-kkr-invests-250-million-in-mukesh-ambani-reliance-retail-4381061/ Read More “US Investment Firm KKR Invests $250 Million In Mukesh Ambani Reliance Retail” »

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In 2020, Reliance Retail raised $5.71 billion by selling 10.09 percent stake (Representational)

New Delhi:

US Investment firm KKR & Co Inc has increased its stake in billionaire Mukesh Ambani’s Reliance Retail Ventures by investing an additional $250 million at a valuation of $100 billion, adding to its bet on the country’s biggest retailer.

The private equity firm’s follow-on investment translates into an additional equity stake of 0.25 percent in Reliance Retail on a fully-diluted basis, taking KKR’s total equity stake in the Indian company to 1.42 percent, the retailer said on Monday.

The investment marks growing interest in Mukesh Ambani’s retail operations which stretch from groceries to electronics, and include foreign partnerships with brands such as Jimmy Choo, Marks & Spencer and Pret A Manger. It has more than 18,000 stores and also competes with Amazon and Walmart’s Flipkart.

In 2020, Reliance Retail raised $5.71 billion by selling a 10.09 percent stake to investors including KKR, the Saudi Public Investment Fund, General Atlantic and the United Arab Emirates’ Mubadala.

That year, KKR had invested 55.5 billion rupees ($669.65 million) in Reliance Retail. Ambani recently said the 2020 fundraising valued the business at around $52 billion, and “in less than three years, the valuation of retail has almost doubled.”

KKR’s latest investment comes primarily from its Asian Fund IV and the transaction is subject to regulatory approvals, Reliance said. Morgan Stanley acted as financial adviser to Reliance Retail.

Reuters exclusively reported this month Reliance was in advanced talks with global investors to raise around $2.5 billion by the end of September, ahead of a potential stock market listing. Mr Ambani said in 2019 that the group planned to list the retail business in five years.

The plan is part of a combined $3.5 billion target the firm set for itself, of which it raised $1 billion from Qatar Investment Authority (QIA) at a $100 billion valuation last month.

Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Since last year, Reliance has been acquiring dozens of small grocery and non-food brands as it tries to build a consumer business with annual sales of $6 billion within five years to challenge foreign giants like Unilever.

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