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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (10161)	12/21/1999 10:13:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Reliance is company No 1: CMIE ril.com 21-12-1999 17:12:31 Probity Dhirubhai Ambani`s Reliance group, has over the years established itself as one of the largest private sector companies. According to a study of performances of Indian Business Houses, the Reliance group has emerged as the numero uno in market capitalization, net worth, assets and profits amongst all Indian Business Houses. The study data for other groups have been sourced from the Center for Monitoring Indian Economy (CMIE) database. The market capitalization of the Reliance group, which represents the wealth of its shareholders, stands at Rs476.52bn. This is Rs59.39bn higher as compared to the next group on the list. Reliance group is also responsible for creating the most wealth for its public shareholders. The company has 5mn investors, and has shared the wealth liberally with its public shareholders. At the close of the millennium the wealth created by the Reliance group for the public at large, exceeds Rs330bn. Its present net worth stands at Rs198.84bn, which exceeds that of the next group by Rs31.90bn. Reliance group`s net worth represents more than 30% of the collective net worth of the top 10 net worth groups. Reliance group`s total assets are over Rs550bn. The group`s gross fixed assets and net fixed assets stand at Rs395.33bn and Rs315.82bn respectively. This makes it the largest among all Indian Business Houses at the end of the millennium. In terms of profit, Reliance group has recorded an operating profit of Rs19.78bn, in 1998-99, which is more by Rs5.71bn from the next group. This is the highest operating profit among all the Indian Business Houses for the year 1998-99. Reliance`s net profit for the year 1998-99 stands at Rs17.92bn, which is the highest net profit recorded by an Indian Business House for the same period. This is around Rs2.5bn higher than that of the nearest group. For the half-year ended September 1999, Reliance has recorded a net profit of Rs11.84bn, which makes it the no.1 group in terms of half-yearly net profit at the close of the millennium. The Reliance group has successfully met the challenges of liberalization and achieved a major part of its growth in the post liberalization era. The group`s sales have recorded a compounded annual growth rate of 26%, growing from just below Rs30bn in 1991-92 to over Rs150bn in 1998-99. The group net profit has grown even faster at a compounded annual rate of around 41% per annum, from Rs1.63bn to Rs17.92bn over the same period. Similarly, the Reliance group`s net worth has increased by over 10 times to over Rs190bn, and the group`s total assets have grown by over 11 times to more than Rs550bn between 1992 and end 1999.