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Reliance Retail
Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday. The meeting is scheduled to be held on June 19, 2026. The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network. "The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail. The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio
Reliance Retail Ventures Ltd, the holding entity of the country's leading retailer Reliance Retail, has appointed former Flipkart executive Jeyandran Venugopal as its President & CEO. In his new role, Venugopal will work closely with Isha Ambani, Executive Director of RRVL and the Leadership Team of Reliance Retail, under the overall guidance of Mukesh Ambani and Manoj Modi. Venugopal, who has 25 years of global leadership experience across retail, e-commerce, technology, and business transformation, will strengthen the retail portfolio, accelerate omnichannel growth, and drive technical and operational excellence across the value chain at Reliance Retail. Earlier, Venugopal worked with Walmart's e-Commerce platform Flipkart, where he most recently served as Chief Product and Technology Officer (CPTO), leading large cross-functional teams across Product, Engineering, Design, Data Science, IT, Security, and Infrastructure. Venugopal, whose career reflects managing ...
Reliance Retail, the country's leading retailer, has completed the internal restructuring process, in which its consumer business has been transferred on a going-concern basis to a new entity -- New Reliance Consumer Products Ltd (New RCPL). New RCPL has now become a direct subsidiary of Reliance Industries Ltd (RIL), in which the billionaire Mukesh Ambani-led group will hold an 83.56 per cent stake, according to a late-night regulatory filing on Monday. As per the scheme of arrangement among Reliance Retail Ltd (RRL) and Reliance Retail Ventures Ltd (RRVL) and their shareholders and creditors, and Reliance Consumer Products Ltd (RCPL), it has transferred the FMCG brands business from RRL to a new entity named New Reliance Consumer Products Ltd (New RCPL). The "scheme has become effective from December 01, 2025, and in terms of the Scheme, RCPL, a subsidiary of the company, stands dissolved effective December 01, 2025," it said. "Further, in terms of the Scheme, as a consideration
Reliance Retail on Monday announced to bring 'essence', Europe's leading cosmetics brand by units sold, to the Indian market, a move which will help the growing beauty business of country's leading retailer. It has entered into an exclusive distribution partnership with cosnova Beauty, the Germany-based global cosmetics company, said a statement from Reliance Retail. "The collaboration strengthens RRL's growing beauty portfolio and will introduce essence's vibrant range of high-quality, affordable, and cruelty-free makeup products to consumers across India," it said. It will available on the Reliance Retail's integrated omnichannel ecosystem, making the essence range of products accessible across online platforms, beauty stores, and partner retail formats. "As the official distributor, RRL will expand the brand's reach across premier beauty destinations throughout India," it said. Founded in Germany in 2002, essence is sold in around 90 countries. Its over 80 per cent products are
Reliance Retail has operationalised over 600 dark stores pan-India and plans to add more to enhance its coverage of less than 30-minute deliveries across its extensive network. Addressing an analyst query after quarterly results, Reliance Retail CFO Dinesh Taluja said JioMart is better placed with an extensive physical store network and dark stores being set up in select locations. Reliance Retail has already operationalised 600-odd dark stores and is also investing in more to amplify its play in quick hyper-local deliveries, in which JioMart registered a 42 per cent Q-o-Q growth and 200 per cent-plus Y-o-Y growth in average daily orders. "JioMart continued to operate as the fastest-growing quick hyper-local commerce platform, with operations extending across 5,000 pin codes and serviced by over 3,000 stores in more than 1,000 cities," said an earnings statement of the parent entity, Reliance Industries. Its e-commerce platform JioMart, which is competing with quick commerce player