8 Leading Reliance Companies by Market Capitalisation

Reliance Industries Limited (RIL) has come a long way from its humble beginnings as a yarn trading business to building an empire worth ₹17.52 trillion. Founded by Dhirubhai Ambani in 1957, RIL has evolved into a diversified multinational corporation and is now the largest Indian company in terms of market capitalisation.

The conglomerate is spread across industries like:

• Petrochemicals
• Refining
• Oil exploration
• Telecommunications
• Retail
• Digital services

This diversification has been a key driver of RIL's growth along with making it one of India's most valuable companies. Let's have a look at the top 8 companies under its umbrella contributing the most to the outstanding MCap.

Top RIL Companies in Terms of Market Capitalisation

Without further ado, let’s start with the least valuable and ending with the most:

1. Hathway Bhawani Cables Pvt. Ltd.

Current Market Cap: ₹15.50 crore

Hathway Bhawani has been delivering quality cable TV services since 1995 in several cities like Mumbai, Navi Mumbai, and Karjat. It uses fibre-optic technology in its Digital Cable TV network and distribution.

Hathway Bhawani Cinema and Movies (HB Cinema, HB Movies), a movie-based entertainment channel, is also under its umbrella.

Reliance invested ₹2,940 crore through a preferential issue to acquire a 51.3% stake in Hathway. Along with that, it extended open offers to the minority shareholders of GTPL Hathway Ltd., in which Hathway holds a 37.3% stakes. Hathway Bhawani, being a subsidiary of Hathway, was also acquired alongside.

2. Reliance Industrial Infrastructure Ltd.

Current Market Cap: ₹1,805.88 crore

Reliance Industrial Infrastructure Limited (RIIL) primarily offers infrastructure and support services, focusing mainly on serving RIL and its group companies for over three decades.

The majority of the company’s revenue and profits come from the services it provides to RIL and its companies. Consequently, its revenue and profitability largely depends on the extent of the services utilised by RIL and its affiliates.

3. Den Networks

Current Market Cap: ₹2,156.5 crore

Den Networks delivers digital entertainment to over 1.3 crore plus households across 433 cities in 13 key states. A~75% subsidiary of RIL, Den Networks Netowrks provides:

• Cable TV
• OTT
• Broadband services

Its DOCSIS 3.0-powered broadband offers speed up to 100 Mbps, ensuring seamless connectivity across Delhi-NCR, Jodhpur, Kanpur and many other cities. It is also the first MSO (Multi System Operator) in India to launch an OTT (Over the Top) app and VoD (Video-on-Demand) services.

Acquiring Den Networks was a strategic move by Reliance to boost its broadband and direct-to-home television services. With its massive success in the mobile data market with Jio, Reliance wanted to rule the fibre-to-the-home broadband market as well with its fibre-based broadband service JioGigaFibre.

This acquisition helped Reliance to connect 5 crore homes across 1,100 cities. It collaborated with Hathway, Den, and all Local Cable Operators (LCOs) to provide a quick and affordable upgrade to an excellent lineup of JioGigaFibre and Jio Smart Homes Solutions. This initiative targeted the 2.4 crore existing cable-connected homes of these partners across 750 cities accelerating Jio's commitment to connect 5 crore homes with JioGigaFibre in the shortest time span.

4. Hathway Cable and Datacom Ltd.

Current Market Cap: ₹3,136.63 crore

Hathway Cable and Datacom Ltd. is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in the Cable Television business.

Along with the Den Networks, Reliance also acquired Hathway Cable and Datacom Ltd. in 2018 buying 51.34% of stakes. Hathway has a strong presence in Maharashtra, Karnataka, and Madhya Pradesh and it holds over 52% of the cable broadband market among MSOs in India. With 7.7 subscribers, it has the capability to reach 55 lakh homes.

5. Justdial

Current Market Cap: ₹9,701.8 crore

You must have probably seen at least one Justdial ad at some point in your life. It is India’s top local search engine, connecting users to services through its website, mobile app, and even SMS. With its “Search Plus” features, Justdial has transitioned from being a simple directory to making several day-to-day tasks conveniently actionable and accessible to users through one app.

Not only for common users, but it has been helpful for B2B companies in promoting their business and generating quality leads.

And Reliance too benefitted from Justdial by acquiring it for worth ₹5,710 crore in 2021. Justdial has built a database of over 3 crore listings of businesses across web apps and voice platforms. For Reliance, this acquisition was a way to get access to Justdial’s massive database to further strengthen its digital ecosystem and retail empire.

Justdial has launched:

• JD Omni, a business management tool for Small and Medium Business Enterprises (SMEs)
• JD Play for business payments and
• JD Social for curated content

Plus, its Real-Time Chat Messenger makes user-business communication smooth. It's basically the Swiss Army Knife of local services.

6. Network18 Media & Investments Ltd.

Current Market Cap: ₹12,187.9 crore

Network18Media & Investments Limited, or the Network18 Group, is India's media powerhouse, operating in television, digital content, e-commerce, and even film production. It was founded in 1996 by Geeta and Rakesh Gupta and acquired by the Reliance Group in 2014.

Its subsidiary, TV18 Broadcast Limited, operates the country's largest news network, providing brands like CNBC-TV18, News18 India, and CNN News18.

In the entertainment sector, Viacom18 (another TV18 venture) manages some of our childhood favourite TV channels like Colors, MTV, Nickelodeon, and the OTT platform Voot. And in the infotainment sector, it has History TV18, and film studio Viacom18 Motion Pictures.

Both Network18 Media & Investment and TV18 Broadcast Limited were acquired by Reliance in 2014 for up to ₹4,000 crore through its Independent Media Trust (IMT). Through this acquisition, Reliance secured exclusive content to enhance its 4G services.

7. Jio Financial Services

Current Market Cap: ₹2,14,010.38 crore

If you haven't used a Jio SIM card, you might be living under a rock (or perhaps a very strong signal-blocking rock). But do you know that Jio also offers financial services as well? Well, Jio Financial Services Ltd. does that.

Jio Financial Services Ltd. (JSFL) was originally incorporated as Tex-Style Synthetics Private Limited on 19 January 2000. It has been renamed several times, including:

• Reliance Power Ventures Limited on May 12 2000
• Reliance Power Ventures Limited, on May 17 2000, and became a public limited company
• Eventually, in July 2006, its name was changed again to Reliance Retail Ventures Limited.

Most recently, the name was changed to Jio Financial Services Limited, with a fresh certificate of incorporation issued on 25 July 2023.

As a subsidiary of Reliance Industries, Jio Financial Services focuses on providing innovative financial solutions through technology. It aims to enhance customer experience by offering a range of financial products and services customised to the evolving needs of consumers. They offer these services:

• Loans
• Insurance Broking
• Payments Bank
• Payment Solutions
• Leasing

8. Reliance Industries Limited

Current Market Cap: ₹17,52,645.28 crore

Ending the list with none other than the OG. Reliance Industries Limited (RIL) is the ultimate multitasker operating across several sectors, including energy, petrochemicals, textiles, telecommunications, and retail. Reliance Industries and its subsidiaries are collectively referred to as "the group".

The main activities of the Group, along with its joint ventures and associates, include:

• Oil to Chemicals (O2C)
• Oil and Gas
• Retail
• Digital Services

Conclusion

Reliance isn't just a conglomerate, it's an ecosystem where every company has contributed in making Mukesh Ambani's Reliance what is today.

And there's news in the market that one of the most popular Reliance companies is about to make a debut in the stock market next year. Wanna know which company it is? Then check out this article.

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