Company Directory - Reliance Retail
Company Details - Reliance Retail
Reliance Retail
WebsiteMumbai, India
Reliance Retail is a major player in India's consumer durables sector, focusing on delivering value and choice to consumers. The company operates a vast network of stores across various formats, including grocery, electronics, apparel, and more, ensuring a diverse set of products accessible to a wide range of customers.
CCI Score
CCI Score: Reliance Retail
-40.74
0.01%
Latest Event
Reliance Retail Enables Shein Re-Entry with Local Data Safeguards
Reliance Retail has partnered with the Chinese fast-fashion retailer Shein to launch a localized version of its app in India. Under the licensing agreement, Reliance retains complete control over the platform and operations, while all customer data is mandated to be stored locally in India, in line with government data sovereignty requirements.
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TOADIE
Reliance Retail is currently rated as a Toadie.
Latest Events
- FEB032025
Reliance Retail has partnered with the Chinese fast-fashion retailer Shein to launch a localized version of its app in India. Under the licensing agreement, Reliance retains complete control over the platform and operations, while all customer data is mandated to be stored locally in India, in line with government data sovereignty requirements.
+40
Technology and Services Impact
July 19
The partnership enforces strict data localization measures, ensuring that all customer data remains stored in India. This aligns with government efforts to protect data sovereignty and consumer privacy, reflecting a forward-thinking approach in leveraging technology in a responsible and regulatory-compliant manner.
Shein Re-enters India with Reliance Retail Partnership, Ensures Data Localisation
+30
Business Practices and Ethical Responsibility
July 19
The licensing arrangement, where Reliance Retail maintains full operational control over the platform, illustrates a business practice that prioritizes compliance with local regulations and limits risky foreign equity involvement. This underscores ethical business conduct by mitigating potential negative external influences while supporting local market integrity.
Shein Re-enters India with Reliance Retail Partnership, Ensures Data Localisation
- FEB032025
Reliance Retail has entered into a strategic partnership with Chinese fast-fashion brand Shein to reintroduce the brand to the Indian market. Under the arrangement, Reliance Retail will manage the Shein India Fast Fashion app while ensuring all customer data is stored locally and compliance with rigorous Indian regulatory standards is maintained. This move follows Shein's earlier ban and seeks to address past compliance issues by aligning operations with domestic production and data security requirements.
+30
Business Practices and Ethical Responsibility
July 19
Reliance Retail's partnership with Shein underscores a commitment to ethical business practices by ensuring that operations align with domestic regulatory requirements, supporting local manufacturing and adhering to prescribed data security measures. This strategic alignment not only addresses past compliance issues but also reinforces a responsible approach to business practices.
+20
Technology and Services Impact
July 19
The partnership emphasizes the technological responsibility of Reliance Retail by ensuring that customer data is stored in India and that operations are subject to regular cybersecurity audits by government-approved entities. This compliance with strict regulatory oversight highlights a careful approach to technological services impact.
- AUG122024
Reliance Industries Ltd reduced its workforce by 42,000 employees in the fiscal year 2023-24, including significant cuts in its retail division. This mass layoff has raised concerns about the erosion of worker rights and potential adverse economic ripple effects.
-70
Labor Relations and Human Rights Practices
July 19
The decision to let go of 42,000 employees, particularly in the retail division—a core part of Reliance's operations—demonstrates a disregard for worker stability and rights. This action significantly undermines labor protections and exacerbates economic insecurity among the workforce, warranting a negative score under Labor Relations and Human Rights Practices.
Reliance Reduces Workforce by 42,000: Major Cuts in Retail Sector and Store Expansion Slowdown
- AUG112024
A report revealed that Reliance Industries, including its retail division, cut 42,000 jobs (an 11% reduction) during the 2023–24 fiscal year. The decision, which has drawn criticism from figures like Anupam Mittal, raises serious concerns regarding labor practices and the undermining of worker rights.
-70
Labor Relations and Human Rights Practices
July 19
The drastic layoffs in the retail division reflect a disregard for worker welfare and fair labor practices. Such measures not only destabilize the livelihood of employees but also contribute to broader systemic issues that undermine social equity, aligning with authoritarian cost-cutting measures.
Anupam Mittal reacts to Reliance laying off 11% workforce, says this…
- AUG082024
The article reports that Reliance Industries, whose retail segment is connected to Reliance Retail, reduced its workforce by 11% (42,000 employees) in the financial year 2023-24, with the retail division seeing significant job cuts. This development raises concerns regarding the company’s labor practices and worker rights amid a drive for cost efficiency.
-60
Labor Relations and Human Rights Practices
July 19
The massive reduction in workforce—42,000 employees, representing an 11% cut—signals a concerning approach to labor relations. Such layoffs, particularly in the retail division, undermine worker security and rights, reflecting cost-cutting measures that negatively affect labor stability and could be seen as prioritizing profit over employee welfare.
Reliance Industries cut workforce by 11% in 2023-24, retail segment sees highest number of cuts
- MAR212024
Documents show that a top Reliance official and a Reliance-linked firm, Qwik Supply Chain Private Limited, made significant electoral bond donations (totaling Rs 400 crore) to the Bharatiya Janata Party, indicating a direct financial linkage to an authoritarian party.
-80
Political Contributions and Lobbying Efforts
July 19
A Reliance official, Laxmidas Vallabhdas Merchant, and the firm Qwik Supply Chain Private Limited, which is linked to the Reliance Group, directed substantial electoral bond donations to the BJP. Such political contributions support an authoritarian regime, reflecting negatively on corporate political behavior from an anti-fascist perspective.
BJP top pick for two Reliance-linked electoral bond donors. Donated Rs 400 crore in total
- MAR152024
Qwik Supply Chain Pvt Ltd, a company linked to the Reliance conglomerate, donated Rs 410 crore through electoral bonds between FY 2021-22 and 2023-24, emerging as one of the top donors to political parties. Reliance Industries clarified that the company is not a subsidiary, despite shared directorial ties, raising concerns about opaque corporate political funding.
-70
Political Contributions and Lobbying Efforts
July 19
The significant donation of Rs 410 crore via electoral bonds by a Reliance-linked entity reflects an opaque channel of political funding. This lack of transparency in corporate political contributions can enable undue influence and potentially support authoritarian tendencies, a development that is concerning from an anti-fascist perspective.
- MAR152024
Qwik Supply Chain Private Limited, a company connected to the Reliance group including Reliance Retail, emerged as the third largest donor under the electoral bonds scheme, donating a total of Rs 410 crores despite modest profits. This raises concerns about opaque political contributions and potential influence on democratic processes.
-80
Political Contributions and Lobbying Efforts
July 19
The article details that Qwik Supply Chain, linked to the Reliance umbrella via multiple directorships, made significant donations via the electoral bonds scheme. This use of corporate funds for anonymous political contributions undermines transparency and can facilitate the strengthening of authoritarian influences. Given the large donation amount relative to its profits and the association with conglomerate Reliance, this action is rated negatively for its contribution to opaque political financing.
Electoral Bond: Company tied to Reliance emerges as 3rd highest donor
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Corporate Financials
- Revenue
- 2025
- $21.00B
Industries
- 441110
- New Car Dealers
- 445110
- Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- 452210
- Department Stores
- 453310
- Used Merchandise Stores