Company Directory - Reliance Group
Company Details - Reliance Group
Reliance Group
WebsiteMumbai, India
Reliance Group is an Indian multinational conglomerate holding company with interests in various sectors including petrochemicals, refining, oil, telecommunications, and retail. It is known for its sizeable influence in the Indian market, hosting a variety of companies focused on various industrial segments.
CCI Score
CCI Score: Reliance Group
-34.93
Latest Event
Reliance's Manipulation of Government Policy on Gas Pricing
The article details how Reliance Industries has historically leveraged quid‐pro‐quo funding and intensive lobbying to shape government policies—particularly in gas pricing and import duties—to benefit its massive conglomerate, raising concerns about crony capitalism and undue corporate influence over public policy.
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TOADIE
Reliance Group is currently rated as a Toadie.
Latest Events
- APR152025
The article details how Reliance Industries has historically leveraged quid‐pro‐quo funding and intensive lobbying to shape government policies—particularly in gas pricing and import duties—to benefit its massive conglomerate, raising concerns about crony capitalism and undue corporate influence over public policy.
-80
Political Contributions and Lobbying Efforts
April 22
The article highlights Reliance's longstanding practice of negotiating quid‐pro‐quo arrangements with political parties and government officials, directly influencing policy decisions such as imposing anti-dumping duties and lobbying for favorable gas price regimes. This behavior aligns with manipulative political contributions which undermine democratic accountability.
-60
Executive Political Engagement
April 22
The narrative also reflects on the role of Reliance's top executives in orchestrating deals that benefit the conglomerate, reinforcing their influence over government decisions and policy-making, which contributes to an environment of crony capitalism and reduced democratic oversight.
- APR152025
An investigative report reveals that Reliance Industries has long engaged in quid pro quo arrangements to fund political parties and influence government policy, particularly around gas pricing. The article indicates that such practices have resulted in regulatory capture, where regulatory bodies appear to favor the company’s interests, fueling concerns of crony capitalism.
-80
Political Contributions and Lobbying Efforts
April 22
The article details Reliance Industries' longstanding practice of negotiating quid pro quo funding for political parties, especially during election times. This direct political contribution and lobbying effort undermines fair democratic processes and strengthens authoritarian tendencies by influencing policy decisions, notably regarding gas pricing.
-70
Regulatory Capture
April 22
The investigative piece also suggests that influential connections have allowed Reliance Industries to shape regulatory outcomes. Allegations that regulatory bodies and key government positions are filled with individuals sympathetic to Reliance's interests point to a classic case of regulatory capture, further bolstering authoritarian influences.
- MAR222024
An article published on March 22, 2024, reveals that Tapas Mitra, a director of Qwik Supply Chain—which donated a substantial sum to the BJP—is also a director in several Reliance-linked companies. This connection indirectly ties Reliance Group to significant political contributions benefiting an authoritarian party, raising concerns about the conglomerate's potential complicity in supporting authoritarianism.
-60
Executive Political Engagement
April 22
The article highlights that Tapas Mitra holds directorships in multiple Reliance-linked companies while also serving as a director for Qwik Supply Chain, a major donor to the BJP via electoral bonds. This connection suggests indirect executive political engagement, potentially bolstering authoritarian political influence. Such ties are viewed negatively as they imply a corporate network contributing to the strengthening of authoritarian political forces.
- FEB292024
Reliance Industries and Walt Disney have merged their TV and streaming assets in India, creating a media powerhouse with over 120 channels, two streaming platforms, and a combined viewership of more than 750 million. This consolidation could lead to reduced media plurality and increased centralized control over content distribution.
-30
Media Influence and Propaganda
April 22
The merger intensifies Reliance's control over Indian media through a vast network of TV channels and streaming platforms. This concentration of media power could limit diversity in content and favor centralized narratives, a dynamic that poses risks of manipulation and influence over public discourse, aligning with concerns over media influence and propaganda in authoritarian contexts.
Reliance, Disney to dominate Indian entertainment with streaming, TV assets
- DEC312023
Reliance Worldwide Logistic Solutions, part of Reliance Group, published a Modern Slavery Statement for the financial year 2023, affirming its commitment to ethical labor practices, strict due diligence in its supply chains, and zero tolerance for slavery, human trafficking, or forced labor.
+70
Labor Relations and Human Rights Practices
April 22
The statement underscores a firm commitment to upholding labor rights by explicitly rejecting modern slavery, human trafficking, and forced labor practices, which supports marginalized workers and ethical treatment in operations.
+70
Supply Chain Ethics
April 22
Reliance Worldwide Logistic Solutions’ approach includes stringent due diligence in supplier selection and contract reviews, ensuring that none of its partners are involved in modern slavery or trafficking, thereby promoting ethical supply chain practices.
- MAR312023
Qwik Supply Chain Pvt Ltd, a company linked to Reliance Industries, donated Rs 410 crore via electoral bonds to political parties between FY 2021-22 and 2023-24. The opaque nature of these donations raises concerns over a lack of transparency and potential indirect support for authoritarian-aligned political activities.
-60
Political Contributions and Lobbying Efforts
April 22
Reliance-linked Qwik Supply Chain Pvt Ltd emerged as the third largest donor using electoral bonds, contributing Rs 410 crore over multiple financial years. Such practices, conducted through non-transparent channels, can facilitate undue corporate influence in electoral politics, counter to anti-authoritarian and democratic principles.
- DEC302022
The article details how large Indian conglomerates, including Reliance Industries (part of Reliance Group), have acquired and controlled numerous media outlets over the past 15 years. This consolidation, facilitated by close ties with Narendra Modi’s government, undermines editorial independence and diminishes media plurality, contributing to an environment that can favor authoritarian narratives.
-50
Executive Political Engagement
April 22
Reliance Group’s media expansion is linked to its close ties with the current government, suggesting an alignment with authoritarian political interests. This relationship raises concerns about democratic accountability and fair political influence.
How Indian Corporate Giants Have Been Tightening Their Grip Over the Media
-70
Media Influence and Propaganda
April 22
By consolidating control over multiple media platforms and asserting an 'omni-channel presence', Reliance Group significantly influences public opinion and restricts media diversity. This concentration of media ownership supports narratives aligned with authoritarian interests, undermining the democratic role of independent media.
How Indian Corporate Giants Have Been Tightening Their Grip Over the Media
- APR012021
Qwik Supply Chain, an affiliate of Reliance Group, donated a total of Rs 410 crores to political parties through electoral bonds. The donation, split as Rs 360 crores in the financial year 2021-22 and an additional Rs 50 crores in 2023-24, raises concerns over opacity and corporate influence in political funding, given the controversial and now unconstitutional nature of electoral bonds.
-80
Political Contributions and Lobbying Efforts
April 22
The use of electoral bonds for donations, a mechanism designed to obscure the true source of political funding, undermines transparency and accountability. This action by a Reliance Group affiliate suggests a deliberate strategy to influence political outcomes while shielding donor identities, which aligns with practices that enable authoritarian and undemocratic financial influence.
Confirmed: A Reliance Group company donated Rs 410 crores through electoral bonds
- APR262019
Reliance Industries, led by Mukesh Ambani, has resumed its lobbying efforts in the US by engaging Eversheds Sutherland (US) LLP. The lobbying registration, effective February 2, 2019, was disclosed in the filing dated April 26, 2019, and followed by a quarterly report on May 29, 2019. The filings detail that the firm received $140,000 for lobbying on issues related to US economic trade sanctions policies.
-50
Political Contributions and Lobbying Efforts
April 22
Reliance Industries' decision to resume lobbying in the US through a formal registration and quarterly reporting is an effort to influence US policy on economic sanctions. From an anti-fascist perspective, such corporate attempts to shape public policy for its benefits can undermine democratic accountability and worker/consumer interests.
Mukesh Ambani-led Reliance Industries resumes lobbying in US
-40
Executive Political Engagement
April 22
The involvement of Mukesh Ambani in leading the company's renewed lobbying efforts reflects executive-level political engagement. This direct executive participation in influencing policy raises concerns regarding corporate overreach and the influence of oligarchic leadership in shaping government responses to economic sanctions.
Mukesh Ambani-led Reliance Industries resumes lobbying in US
- NOV012015
In November 2015, investigative reports revealed that Reliance Group played a significant role in hollowing out the editorial leadership of Network18, one of Asia's largest media conglomerates. This restructuring is seen as having compromised the independence of the media outlet during a critical election period, potentially facilitating biased coverage in favor of the BJP government.
-75
Media Influence and Propaganda
April 22
Reliance Group's intervention in the editorial management of Network18 suggests a deliberate strategy to reshape media narratives during a politically charged election season. By diluting independent editorial voices, the conglomerate may have contributed to a media environment that undercuts democratic discourse and enables authoritarian-aligned coverage, reflecting problematic media influence and propaganda practices.
- OCT012014
The Financial Times reports that Reliance Group has made payments to Indian politicians, raising issues over transparency and potentially enabling undue political influence. The opaque nature of these transactions raises concerns about accountability and democratic oversight.
-50
Political Contributions and Lobbying Efforts
April 22
The article indicates that Reliance Group's payments to Indian politicians lack transparency, a move that risks fostering cronyism and undermining democratic accountability. Such opaque political contributions can distort the political process, aligning with corporate actions that support authoritarian influences. This conduct is evaluated under Political Contributions and Lobbying Efforts.
Reliance payments to Indian politicians raise transparency issues
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Corporate Financials
- Revenue
- 2025
- $75.00B
- Total Assets
- 2025
- $202.00B
- Operating Income
- 2025
- $11.70B
Industries
- 524126
- Direct Property and Casualty Insurance Carriers
- 524128
- Other Direct Insurance (except Life, Health, and Medical) Carriers
- 551112
- Offices of Other Holding Companies