Mumbai, May 16, 2014: The Board of Directors of Reliance Industries Limited has recommended the appointment of Smt. Nita M. Ambani, the Chairperson of Reliance Foundation as a Director on the Board of Reliance Industries Limited. She is being nominated to the Board in place of Shri. Ramnik H. Ambani, who is retiring at the age of 90 years. Approval of the shareholders will be sought in the 40th AGM being held on 18th June 2014.
Over the past two decades, Smt. Ambani has made significant contribution to the social sector by leading many path-breaking initiatives spanning education, health, rural transformation, environmental protection and sports. She was at the forefront of the ecological development of RIL’s Jamnagar refinery site by implementing a greening plan covering 3.2 million trees over 2000 acres. She also developed a world-class township in Jamnagar, setting new standards in quality of life. For Reliance Retail, Smt. Ambani has made significant contribution by conceptualizing and guiding its corporate identity development across all formats. Her leadership of 13 schools in the Reliance system including India’s No. 1 international school – Dhirubhai Ambani International School – is a testament to her commitment to develop centres of excellence in education. The recently modernized Sir H. N. Reliance Foundation Hospital and Research Centre exemplifies her dedication to create world-class healthcare facilities. In a short span of three years, she has taken Reliance Foundation to greater heights of excellence, combining corporate level efficiency and social sector sensitivity. Her professional accomplishments and leadership skills will add significant value to the Board of Reliance Industries Limited.
Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of INR 401,302 crore (US$ 67.0 billion), cash profit of INR 30,795 crore (US$ 5.1 billion) and net profit of INR 21,984 crore (US$ 3.7 billion) as of March 31, 2014.
RIL is the first private sector company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ and currently ranks 107th in terms of revenues and 128th in terms of profits in 2013. RIL ranks 68th in the Financial Times’ FT Global 500 list of the world’s largest companies. RIL is ranked amongst the ’50 Most Innovative Companies – 2010′ in the World in a survey conducted by the US financial publication – Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest ‘Sustainable Value Creators’ for creating the most shareholder value over the decade in the world.
Tushar Pania Reliance Industries Ltd. +91 9820088536 firstname.lastname@example.org