India's Biggest Business

We are quite familiar with powerhouse American businesses such as Apple, Amazon, and Walmart. Americans are not as well-versed on some international businesses that are huge global powers. A company that falls under this title is India’s biggest company, Reliance Industries Limited (RIL). Their role in the Indian market ranges “from the exploration and production of oil and gas to the manufacture of petroleum products, polyester products, polyester intermediates, plastics, polymer intermediates, chemicals, synthetic textiles and fabrics.”¹ Comparable to stronghold P&G, RIL has infiltrated multiple markets with a specialty in oil and gas production. RIL has racked up $84.8 billion in sales and made it into the top 60 in the "Forbes Global 2000: The World’s Largest Public Companies". To understand their influence in India, “one in every two Indians is a Reliance Industries media content consumer.”² Reliance Industries Ltd. was accused of breaking insider trading rules and conducting fraudulent trades in 2007. The Securities and Exchange Board of India ordered them to turn over their excessive profits from the misconduct with 12% interest.