With Rs. 6.23-lakh cr revenue, Reliance Industries emerges top Indian firm on all counts
Reliance Industries Ltd (RIL), headed by India’s richest man Mukesh Ambani, has emerged the biggest company by revenue, toppling state-owned Indian Oil Corporation (IOC).
RIL was already the leader in terms of profits, assets and market capitalisation for some time now.
The oil-to-telecom conglomerate recorded a turnover of Rs. 6.23-lakh crore for the financial year ended March 31, compared with Rs. 6.17-lakh crore posted by IOC. For the reporting period, RIL was also the most profitable Indian company with a net profit of Rs. 39,588 crore.
On the other hand, IOC posted yearly net profit of Rs. 16,894.1 crore.
