Reliance Industries' market cap rose to over Rs 10 lakh crore on Thursday. In the last 30 years, the company's market value has increased by 60 thousand percent. The most important thing in this journey of Reliance has been that whenever needed, it changed itself over time. Over the past three decades, the company first became an energy giant (oil-gas sector giant) from a yarn manufacturer and then became a leader in the digital and retail segments.
Investors 'Trust Investors' confidence in the company's vision remains and they have consistently supported it. That is why since January 1991, the valuation of the company increased by 60,742 percent. During this time, Reliance achieved many such places where no other Indian company had reached before. It became the first private sector company in the country to be rated by S&P and Moody's.
Reliance achieved the goal of achieving quarterly profit of 10,000 crores in 2019. Between 2 January 1991 and 29 November 2019, the market cap of Reliance increased by 600 times, while in the market cap of L&T, Ashok Leyland, Tata Steel, Ceat, Talbros Automotive Component, Federal-Mughal, Sagar Cement and International Paper. Increased from 15 to 205 times. Reliance has been profitable on an annual basis since 2009. The company's profit in FY 2009 was Rs 15,278 crore, which increased to Rs 39,734 crore in FY 2019. This is an increase of over 10 percent annually.