Mukesh Ambani’s Listed Reliance Companies: An Overview

Imagine this: 1957, in Mumbai (then Bombay)– the “city of dreams", a young visionary man returned from Yemen. He established a company with a dream of transforming it into one of India's largest.

The man I’m talking about is Mr. Dhirubhai Ambani, who founded the Reliance Group.

But do you know how he did it?
With an unending desire to seize opportunities, he began his journey with a yarn trading business and just ₹500 in his pocket.

Today, Reliance Industries Ltd. isn’t just the Reliance Group's crown jewel; it’s the largest private sector company in India with a current valuation of ₹17.72 lakh crore.

At present, the Reliance Group is divided into two distinct empires, each carrying forward the visionary legacy of Dhirubhai Ambani:

• Mukesh Ambani Group Companies
• Anil Dhirubhai Ambani Group Companies

In this article, you’ll learn about all the listed companies under the Mukesh Ambani Group and how they’re shaping India’s future.

Let’s begin! 👇

Mukesh Ambani Group Companies

These companies are transforming the country’s future with global innovation and significant market positions in industries like telecommunications, retail, and energy.

Here is the list of all the listed companies under the leadership of Mukesh Ambani:

1. Reliance Industries Ltd.
2. JIO Financial Services Ltd. (JFSL)
3. Network 18 Media & Investments Ltd.
4. Just Dial Ltd.
5. Hathway Cable & Datacom Ltd.
6. Den Networks Ltd.
7. Reliance Industrial Infrastructure Ltd.
8. Hathway Bhawani Cabletel & Datacom Ltd.

Reliance Industries Ltd.

Founded in 1957, Reliance Industries began its journey with the vision of its founder, Dhirubhai Ambani. It now operates across diverse sectors, including petrochemicals, refining, oil & gas exploration, retail, telecommunications, and digital services.

• On 23 January 1978, Reliance made history by becoming the first Indian company to get listed on the BSE (even before the SEBI was established).
• On 29 November 1995, the company made its entry into the NSE.

Today, Reliance Industries stands tall with an impressive 10.8% return (considering a CAGR of 5 years) with multiple brands under it.

Take a closer look at Reliance Industries’ price chart over the past 5 years:

Building on this info, if you’re curious about the potential future of Reliance— be sure to read our in-depth analysis in this article.

JIO Financial Services Ltd. (JFSL)

Founded on 22 July 1999, Jio Financial (formerly Reliance Strategic Investments Ltd.) has steadily evolved over the years. JFSL offers financial services, enabling customers to borrow, save, invest, and manage finances effortlessly through loans, savings accounts, UPI payments, insurance, and more.

On 21 August 2023, the company made its debut in the securities market (both BSE and NSE) by listing at ₹262 per share.

What makes Jio Financial stand strong is its 28.95% return (absolute). Over the past 3 years, the company has consistently maintained a good Return On Assets (ROA) of 1.24% and showed a sustainable profit growth of 304.35%.

Here’s the company’s price chart over the last year:

Apart from this financial arm, Reliance Jio, the telecommunications subsidiary of Reliance Industries, has been a game-changer in India's telecom sector since its launch in 2016.

This flagship (and probably the most popular) brand of Reliance Industries reported a profit of ₹21,423 crore for FY24, while its revenue reached ₹1.29 lakh crore. With a customer base of 47.88 crore as of September 2024, Jio is the largest telecom operator in India.

To get a comprehensive understanding of Reliance Jio’s business strategies and market positioning, read this article here.

Network 18 Media & Investments Ltd.

Founded on 16 February 1996, Network 18 Media emerged as a prominent company in India's media and entertainment landscape. In July 2014, Reliance Industries Ltd. acquired it.

On 2 February 2007, it entered into the public domain, marking its listing on the stock exchange. Check Network 18 Media’s price trend from the last 5 years:

Today, Network 18 Media has a 26.1% return (considering 5 years of CAGR), which is lower than its competitors such as NDTV (45.5%).

Below are the multiple brands of Network 18 Media:

Just Dial Ltd.

After its foundation in 1996, Just Dial has emerged as a name synonymous with local search services in India. Reliance Retail Ventures Ltd., a subsidiary of Reliance Industries Ltd., acquired it in 2021.

Starting as a revolutionary concept in a pre-digital era, the company connected businesses and consumers with ease. With time, it has become a household name for reliable information and quick assistance.

On 5 June 2013, Just Dial went public and made its debut on the stock exchange.

However, like every visionary venture, Just Dial has faced its share of challenges. The company has delivered positive returns (14.9%) in 5 years but negative in the past 10 years (-2%). This might be due to the intense competition and evolving consumer preferences in the digital era.

Take a detailed look at Just Dial’s price trends from the past 5 years:

Hathway Cable & Datacom Ltd.

Established in 1995, Hathway Cable and Data has been a key player in shaping India's digital infrastructure. It became part of Reliance Industries Ltd. in 2018.

With its cutting-edge broadband and cable services, the company has been working consistently to bring connectivity into lakhs of homes and offices.

On 25 February 2010, Hathway made its public debut on the stock exchange. Analyse Hathway Cable & Datacom’s 5-year price history below:

Despite its strong beginnings, the company has faced challenges in recent years, delivering negative returns. It’s possibly due to increasing competition and technological advancements in the industry.

Den Networks Ltd.

Founded on 10 July 2007, Den Networks entered the business field with a mission to transform how India experiences television and entertainment. In 2018, it joined Reliance Industries Ltd.’s portfolio.

Today, it is one of the major mass media and entertainment companies delivering top-notch visual entertainment through cable TV, Over-The-Top (OTT) platforms, and broadband services.

On 24 November 2009, it went public, marking its presence on the stock exchange.

Check Den Networks’ price changes over the last 5 years:

Reliance Industrial Infrastructure Ltd.

From its establishment in 2006, the company is set out to drive setting up and operating industrial infrastructure projects to support India's rapid urbanisation and industrial growth.

• On 22 November 1991, the company ventured into the public domain by listing on the BSE.
• On 29 November 1995, it marked its presence in the NSE.

Today, Reliance Industrial Infrastructure has an 33.4% return, reflecting its significant influence and contribution to India’s infrastructure development.

See Reliance Industrial Infrastructure’s 5-year stock journey below:

Hathway Bhawani Cabletel & Datacom Ltd.

Founded in 1984, Hathway Bhawani Cables has been a popular player in India’s cable and entertainment industry, bringing quality visual content to households across the nation.

On 21 June 1985, Hathway Bhawani Cables stepped into the public market after being acquired by the Reliance Group.

From traditional cable TV to digital entertainment, Hathway Bhawani Cables is working to efficiently connect communities. And today, the company has a solid market share with a 41.8% return.

Further, to get a company’s detailed financial updates—balance sheet, quarterly results, and more, visit Finology Ticker.

Meanwhile, if you’d like detailed information about Anil Dhirubhai Ambani Group companies like the one above, let me know in the comments!

The Bottom Line

From a modest beginning to building an empire, Dhirubhai’s journey remains one of India's most inspiring success stories.

• On the positive side, Reliance Industries and Jio Financial Services have set benchmarks with applauding financial performance and market dominance.
• However, some entities, such as Just Dial, Den Networks and Hathway Cable, have faced challenges of negative returns.
• Also, its acquisitions such as Den Networks, Hathway Bhawani Cabletel & Datacom Ltd. are facing losses amidst rising competition and evolving market dynamics.

What do you think?

Are some of Reliance’s businesses lagging in innovation amidst rapidly evolving industries? Or are these challenges temporary setbacks?

Share your thoughts in the comments below on how Reliance can maintain its dominance while addressing these hurdles.

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*Disclaimer: The stocks, companies, and policies discussed above aren't recommendations from Finology Insider and shall not be construed as a replacement for professional advice. Consult a professional or conduct the necessary research before making investment decisions.