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Reliance Industries Ltd.

Reliance Industries Ltd.

Sector: Petroleum Refining Region: India


: | Bombay Stock Exchange: 500325 | London Stock Exchange: RIGD | Luxembourg Stock Exchange: RELIN | OTC Markets: RLNIY | XETRA: RLI


Similar to: BP plc, Murphy Oil Corp., Hess Corp.

Reliance Industries Ltd. engages in exploration and production of oil and gas, petroleum refining and marketing textiles, retail and special economic zones. The company also markets petrochemicals, polyester, fiber intermediates, plastics and chemicals. It has three reportable segments: Petrochemicals, Refining and Oil & Gas. The Petrochemicals segment includes production and marketing operations of petrochemical products, including high and low density polyethylene, polypropylene, polyvinyl chloride, poly butadiene rubber, polyester yarn, polyester fibre, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, butadiene, acrylonitrile, caustic soda and polyethylene terephthalate. The Refining segment includes production and marketing operations of the petroleum products. The Oil & Gas segment includes exploration, development and production of crude oil and natural gas. Reliance Industries was founded by Dhirubhai Hirachand Ambani in 1966 and is headquartered in Mumbai, India.

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Executives

Shri Mukesh D. Ambani, Chairman & Managing Director
Shri Mukesh D. Ambani is a Chemical Engineer from the Institute of Chemical Technology, Mumbai (earlier the University Department of Chemical Technology, the University of Bombay). He has pursued MBA from Stanford University, USA.
He joined Reliance in 1981 and initiated Reliance's backward integration journey from textiles into polyester fibres and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. He created several new world-class manufacturing facilities involving diverse technologies that have raised Reliance's petrochemicals manufacturing capacities from less than a million tonnes to about twenty million tonnes per year.
He led the creation of the world's largest grassroots petroleum refinery at Jamnagar, with a current capacity of 33 million tonnes per year integrated with petrochemicals, power generation, port and related infrastructure. Further, he steered the setting up of another 27 million tonnes refinery next to the existing one in Jamnagar with an aggregate refining capacity of 1.24 million barrels of oil per day at any single location in the world which has transformed "Jamnagar" as the 'Refining Hub of the World'.
Under his leadership, RIL is set to transform India's energy landscape from the oil & gas flowing from Dhirubhai 1 & 3 Natural gas - a low carbon, low polluting green fuel that will create value and be beneficial to a large section of India's society.
He is also steering Reliance's development of infrastructure facilities and implementation of a pan-India organised retail network spanning multiple formats and supply chain infrastructure.
His achievements have been acknowledged at national and international levels. Recently, some of the awards and recognition bestowed on him are:
Awarded the Dean's Medal by the University of Pennsylvania's School of Engineering and Applied Science in 2010 for his leadership in the application of Engineering and Technology.
Awarded the Indian Merchant's Chamber (IMC) 'Juran Quality Medal for 2009', in 2010.
Awarded The Dwight D. Eisenhower Global Leadership Award by The Business Council for International Understanding (BCIU) in 2010.
Honoured at the Awards Dinner by Asia Society in 2010.
Ranked the 5th best performing CEO in the world by the Harvard Business Review in its ranking of the top 50 global CEOs.
He is a member of the Prime Minister's Council on Trade and Industry, Government of India and the Board of Governors of The National Council of Applied Economic Research (NCAER), New Delhi.
He is a Member of Millennium Development Goals (MDG) Advocacy Group constituted by United Nations (UN), a Member of The Foundation Board of World Economic Forum and Vice Chairman of World Business Council for Sustainable Development (WBCSD).
Further, he is a member of the Indo-US CEOs Forum, the International Advisory Board of Citigroup, the International Advisory Board of the National Board of Kuwait, the Advisory Council for the Graduate School of Business, Stanford University, the International Advisory Board of Brookings, Member of the Business Council, McKinsey Advisory Council and the Asia Business Council and Advisory Board of D.E. Shaw India Advisory Services Private Limited.
He is the Chairman, Board of Governors of the Indian Institute of Management, Bangalore, Chairman of Pandit Deendayal Petroleum University, Gandhinagar. He is also Co-Chair of India-Russia CEO Council and Co-Chair of Japan-India Business Leader's Forum, a Member of the Governing Board of Public Health Foundation of India (PHFI).
He has been appointed as a Director by the Board of Directors of the Bank of America Corporation on its Board. He is the first non-American to occupy such a position.
At RIL, Shri Mukesh He is the Chairman of Reliance Retail Limited, a Director of Reliance Infotel Broadband Services Limited, Reliance Foundation, IMG Reliance Private Limited and Reliance Europe Limited.
At RIL, he is the Chairman of the Finance Committee and a Member of the Employees Stock Compensation Committee.
He is Promoter of the Company and holds 36,15,846 shares of the Company in his name as on March 31, 2011.
Shri Nikhil R. Meswani, Executive Director
Shri Nikhil R Meswani is a Chemical Engineer. He is the son of Shri Rasiklal Meswani, one of the Founder Directors of the Company.
He joined Reliance at an early age in 1986 and since July 01, 1988 he is a Whole-time Director designated as Executive Director on the Board of the Company.
He is primarily responsible for Petrochemicals Division and has contributed largely to Reliance to become a global leader in Petrochemicals. In addition, he continues to shoulder several other corporate responsibilities. He also takes keen interest in IPL cricket franchise "Mumbai Indians".
He was the President of Association of Synthetic Fibre Industry and was also the youngest Chairman of Asian Chemical Fibre Industries Federation.
He was named Young Global Leader by the World Economic Forum in 2005 and continues to actively participate in the activities of the Forum.
He is also a member of the Young Presidents' Organisation.
He was honoured by the Institute of Economic Studies, Ministry of Commerce & Industry, the Textile Association (India), Ministry of Textiles. He is also a distinguished Alumni of the University Institute of Chemical Technology (UICT), Mumbai.
He is a Director of Reliance Commercial Dealers Limited. He is a member of the Finance Committee and the Shareholders'/Investors' Grievance Committee of the Company. He is the Chairman of the Audit Committee of Reliance Commercial Dealers Limited.
He holds 2,78,374 shares of the Company in his name as on March 31, 2011.
Shri Hital R. Meswani, Executive Director
Shri Hital R. Meswani graduated with honours in the Management & Technology programme from the University of Pennsylvania, U.S.A. He received a Bachelor of Science Degree in Chemical Engineering from the School of Engineering and Applied Sciences and Bachelor of Science Degree in Economics from the Wharton Business School, both from the University of Pennsylvania, U.S.A.
He joined Reliance Industries Limited in 1990. He is on the Board of the Company as Whole-time Director designated as Executive Director since August 4, 1995, with overall responsibility of the Petroleum Business and all manufacturing and project activities of the group.
He is a Director of Reliance Industrial Investments and Holdings Limited and Reliance Commercial Dealers Limited. He is the Chairman of the Audit Committee of Reliance Industrial Investments and Holdings Limited and is a member of the Audit Committee of Reliance Commercial Dealers Limited. He is a member of the Finance Committee, the Shareholders'/Investors' Grievance Committee and Health, Safety and Environment Committee of the Company.
He has been instrumental in the execution of several mega projects of the group including the Hazira Petrochemicals complex and the world's largest refinery complex at Jamnagar.
He also serves on the Board of Overseers at the University of Pennsylvania.
He holds 2,11,886 shares of the Company in his name as on March 31, 2011.

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