Reliance Industries FY21 Annual Report
“India must lead the change to create a better world.” – Dhirubhai Ambani
Highlights of FY20-21
Fund Raises done
24th June 2021 AGM Link – jiomeet.jio.com/rilagm/ (We will post a thread on the event day)
“We now have a strong balance sheet with high liquidity that will support growth plans for 3 hyper-growth engines – Jio, Retail, and O2C”
A small brief on their businesses –
Media & Entertainment
Oil to chemicals
Oil and gas E&P
Engines of Tomorrow –
Digital Tech – Connectivity, Core tech, disruptive ecosystem solutions, ultra-broadband, 5G readiness
New commerce – Expanding selling ecosystem, connected supply chain, inclusive new commerce model, MSME partnerships
02C – Net carbon zero, maximizing o2c conversion, new energy, new materials
Their startup accelerator program, JioGenNext, supports exceptional founders for launching their startups in the Reliance ecosystem.
Reliance Retail –
By the end of the year, the digital commerce and merchant partnerships business accounted for about 10% of revenues, significantly stepped up from near zero in the preceding year
Future Drives and RIL’s actions
Reliance fresh –
2.9 million Units of groceries sold per day
1,800+ MT Fruits, veggies, and staples sold per day
>50% Share of fruits and veggies in the modern trade
“Want to lead the category by pioneering an omnichannel pharma strategy encompassing physical stores, digital platform Netmeds, and partnerships with connected local pharmacies”
Digital Services –
Jio has built sufficient network capacity for the next 300 million mobile broadband subscribers, over 50 million fiber homes, and 50 million MSMEs
2.5+ million Homes connected by JioFiber services till March 2021
Jio’s total spectrum footprint increased significantly, by 56% to 1,732 MHz. The acquired spectrum can be utilized for transition to 5G services at the appropriate time, where Jio has developed its own 5G stack
1+ Gbps Milestone achieved by Jio & Qualcomm’s 5G RAN Platform
40 Patents granted to Jio in FY 2020-21
13.3 GB Average data consumption per user per month during the quarter ended March 2021
3,00,000+ Attendees connected through JioMeet at the 43rd RIL AGM
Oil 2 Chemicals – initiated proceedings of carving out of O2C businesses into a separate subsidiary. process expected to be completed in CY 2021
Oil and Gas E&P – commissioned Asia’s deepest gas field and India’s first ultra-deepwater gas field – R Cluster in KG D6 Block. This will help Reliance work towards India’s transition to a cleaner and greener gas-based economy
200 Cities and towns served by JioMart
No data given on Jio PoS
30+ million Citizens used Haptik during the lockdown
14 million Eligibility checks carried out through EasyGov for government schemes
13/16 End of takeaways.
Now we all know Reliance has been continuously fundraising and investing in startups! So where is Reliance heading towards?
We wrote an article that covers –
Past, Present, and likely Future of RIL
Past 16 Qtrs of newsflow + data analyzed – Why it tells us everything about their plans?
Reliance and WeChat?
Thanks for reading till the end.
Do stay tuned for our Reliance AGM thread on June 24
If you are looking for investment advice, click here and we will reach out to you within 24 hours.