Today, Reliance is not just a company. It is a national institution
that powers opportunity, progress, and prosperity for 1.45 billion Indians. Our journey
has been extraordinary · transforming traditional industries, building global-scale
capabilities, creating entirely new markets, and touching the everyday lives of our fellow
citizens. But we have never paused to celebrate the past.
Instead, each milestone has inspired us to aim higher, work harder, and
lead with purpose.
Adapting Boldly, Evolving Relentlessly
The world is changing at breakneck speed · reshaped by digital
disruption, global shifts, and technological breakthroughs. At Reliance, we see this not
as a challenge but as an opportunity. We are reimagining our future and reshaping our
businesses to become a new-age deep-tech enterprise.
From energy to entertainment, from retail to digital services, we are
integrating next-generation technologies across every business vertical. Over 1,000 of our
in-house scientists are leading cutting-edge research in areas like AI, renewable energy,
advanced materials, and digital platforms.
Our manufacturing infrastructure is being future-proofed to support
India's aspiration to become a global manufacturing powerhouse. This evolution
mirrors the journey of our great nation as it steps confidently into the Amrit Kaal a
transformative era on the path to becoming a fully developed ‘Viksit Bharat.'
India's Moment. Reliance's Resolve.
Today, India is standing tall on the global stage. Despite global
uncertainties and geopolitical turbulence, our economy continues to demonstrate unmatched
resilience and momentum. In FY25, India's GDP growth remained nearly double the
global average propelled by robust domestic consumption, infrastructure development,
thriving exports, and a dynamic digital ecosystem.
More importantly, India is no longer just following trends it is
setting them. From UPI's global success to the India AI Mission, from green energy to
space tech, India is shaping the future. This is India's moment. And Reliance is
proud to walk shoulder-to-shoulder with the nation as a committed partner, a responsible
value-creator, and a technology-driven enabler of inclusive growth.
Strong and Resilient Performance
Even amidst external volatility, Reliance delivered a year of solid and
balanced growth. Our results speak to the strength of our diversified model and our
deep-rooted execution discipline:
• Revenue:RsJ10,71,174 crore (+7.1% Y-o-Y)
• EBITDA: Rs 1,83,422 crore (+2.9% Y-o-Y)
• Net Profit: Rs 81,309 crore (+2.9% Y-o-Y)
Each business played a vital role in this performance:
• Retail Crossed : Rs 3,30,000 crore in turnover and expanded its
footprint to 19,340 stores, strengthening its leadership in Indian Retail industry.
• Digital Services: Jio emerged as the world's largest data
network with 488 million users, including 191 million on 5G.
• Media Built a large and distinctive : media institution, in
partnership with Disney, across genres, marking the beginning of a new era in India's
entertainment landscape. Delivered record viewership and engagement metrics within the
first few months of commencing operations.
• Oil to Chemicals (O2C):
Demonstrated resilience through disciplined cost management and strong
domestic placement.
• Oil & Gas Delivered record EBITDA, : with increased output
from KG-D6 and CBM blocks, enhancing India's energy independence.
• New Energy Transitioned from vision : to execution ·
operationalising giga-scale solar and battery energy projects.
Creating the Future — Four New Engines of Growth
As Reliance approaches its Golden Jubilee, we have built high-powered
growth engines: Retail, Digital Services, Media and Entertainment, and
NewEnergy Each of these platforms . is technology-first,
innovation-led, and positioned to disrupt industries while delivering massive value to
Indian consumers and the global market.
Our O2C and Oil and Gas businesses will continue to grow while catering
to India's rising energy and materials demand.
We are not just scaling businesses we are building platforms that
empower people, reduce inequality, drive sustainability, and elevate India's position
in the global economy. Whether it's transforming the way Indians shop, consume data,
watch content, or power their homes and businesses · Reliance is shaping the future
with purpose and conviction.
Our Foundation — Values, People, Vision
At the heart of Reliance's success is a foundation built on
values, trust, and talent. Our strong balance sheet, relentless focus on productivity, and
unwavering commitment to excellence give us the confidence to embrace bold ambitions.
Our people across every function and business · bring passion,
ingenuity, and integrity to their work every day. Our Board provides the stewardship and
wisdom that guides our long-term decisions. Our partners and vendors align closely with
our purpose. And above all, our customers and shareholders place their trust in us
· time and again · and that is our greatest strength.
Thank You for Believing in Us
To each of you our valued shareholders · I express my deepest
gratitude. Your unwavering belief in Reliance's vision gives us the courage to keep
pushing boundaries and building for the future.
The journey ahead is full of promise. With unwavering faith in India
and steadfast commitment to innovation, sustainability and inclusion, Reliance is poised
to rise to even greater heights. For India and for
Reliance - the future shines bright!
With warm regards,
Mukesh D. Ambani
Chairman and Managing Director
August 6, 2025