RIL turns bigger than McDonald's, Netflix as Mukesh Ambani fuelling India’s $1 trillion dream
market capitalisation growing at an average annual run rate of Rs 1 lakh crore in the last two decades, billionaire Mukesh Ambani-owned Reliance Industries is undoubtedly the largest wealth creator in the history of Dalal Street. After India's most valued stock touched the Rs 20 lakh crore milestone this week, it is now bigger than the likes of American MNC giants like McDonald's, PepsiCo, Netflix and Accenture.
Shareholders of RIL, which was worth just Rs 1 lakh crore in August 2005, have made a notional profit of Rs 19 lakh crore in a span of less than 19 years.
RIL hit the Rs 5 lakh crore m-cap feat in July 2017, Rs 10 lakh crore in November 2019, and Rs 15 lakh crore in September 2021 while the Rs 20 lakh crore landmark was achieved on 13 February 2024.
With analysts expecting 2024 to be an eventful year for RIL as the past two years of investments move into the monetization phase, stock prices have jumped 28% in the last 3 months alone.
The peerless conglomerate can't be compared to other listed or unlisted companies in India because it houses well-diversified businesses of petrochemicals, new energy, telecom and retail. In absolute terms, the stock is nearly double of HDFC Bank and roughly 3 times the size of ICICI Bank and Infosys.
Mukesh Ambani fuelling India’s $1 trillion dream
In US dollar terms, RIL is worth around $241 billion and is the only Indian company to feature in the list of world's 50 most valuable companies. At No. 42, it is bigger than American giants like PepsiCo, McDonald's, Shell,
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