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Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

There are many high-profit companies acquired by Reliance Industries Ltd. (RIL). The company has made many acquisitions within the past three years to boost the product offerings of its subsidiaries. Reliance Jio Infocomm Ltd. and Reliance Retail Ltd., among others. RIL has held more than $566 million in media and education, $194 million+ in retail, $1.2 billion+ in telecom and internet firms, $100 million+ in digital firms, and $391 million+ in the chemicals and energy space. 

Deon the acquisitions by Reliance Industries clearly project RIL’s aspiration to be counted among the top 20 companies in the world. Apart from refining and petrochemicals, Reliance Jio and Reliance Retail could play a part in achieving the feat. Within 2 years, Reliance acquired companies such as Balaji Telefilms, EdCast, Embibe, Saavn, Radsys, Eros, Hathway, DEN, Haptik, Reverie, Fynd, Purple Panda Fashions, Clovia, Tesseract, and Grab. 

Here is the list of Companies Acquired By Reliance Group: 

35. Embibe 

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In 2018, Reliance Industries made an investment of $180 million in the ed-tech startup Embibe, which spanned over a period of three years. This investment allowed Reliance Industries to acquire a stake of 72.69% from Embibe’s existing investors. Then, in April 2020, Bengaluru-based startup Embibe received a funding of INR 500 crores from Reliance Industries.

Aditi Avasthi is the founder and CEO of Embibe, which continues to lead the company post-acquisition and may operate it as an independent entity as well.  

34. Fynd 

Fynd becomes one of the fashion e-commerce platforms and was founded in 2012 by Farooq Adam, Harsh Shah, and Sreeraman MG. Fynd functions through an offline-to-online (O2O) model and directly sources products belonging to categories such as clothing, footwear, jewellery, and accessories from prominent brands to sell them in India.  

Reliance has the latest acquisition, Fynd, which has an in-house product called the ‘Fynd Store’; store managers place an order on behalf of the walk-ins in case the desired product is not stocked or not available in the right size in the store. RIL acquired a majority stake of 87.6% in Shopsense Retail Technologies Pvt. Ltd. for INR 295.25 crores $41.9 million. 

Companies Acquired by Reliance Group 

33. Grab 

In this February 2019, RIL’s complete subsidiary Reliance Industrial Investments and Holdings Limited got equity shares of Grab A Grub Services Private Limited in a cash deal worth $14.9 million. At a later stage, the company is going to invest up to $5.63 million to complete the acquisition deal by March 2021. 

Grab was established in 2013 by Jignesh Patel, Nishant Vora, and Pratish Sanghvi. Grab provides services like on-demand deliveries, reverse deliveries, first-mile, and last-mile logistics. This has contained Mcdonald’s, BigBasket, Myntra, Amazon Now, and Swiggy. Grab was backed by investors such as SIDBI Venture Capital Arm, SIDBI Venture Capital Limited (SVCL) Aramex, Zomato, and Sixth Sense Ventures. 

32. Haptik 

Haptik has acquired 2019, RIL announced that Reliance Jio Digital Services Limited acquired artificial intelligence firm Haptik for INR 700 crores to compete against Google Assistant and Amazon’s Alexa. Thus, Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants. 

The company has worked with over 50 brands which include Samsung, Coca-Cola, Future Retail, KFC, Tata Group, Oyo Rooms, and the Mahindra Group. Haptik established its presence in the US in 2018 and in the UK in 2019. 

Reverie Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

31. Reverie 

In this April 2019, RIL hold a major stake in Reverie for INR 190 crores. Reverie will invest another INR 77 crores by March 2021. As a part of the acquisition, Reliance will hold 83.3 % equity capital in Reverie on a fully diluted basis with a total investment of INR 267 crores likely to be completed by March 2021. 

30. Saavn 

In 2018,  RIL declared a strategic merger of its digital music service JioMusic with the ‘music over-the-top platform’ Saavn. RIL acquired a 75-80 % stake in the merged entity. The company said that the combined entity is valued at over $1 billion with JioMusic’s implied valuation at $670 million and Saavn at $330 million. 

JioSaavn has more than 200 employees and operates out of offices in California, New York, Bangalore, Gurgaon, and Mumbai. The company is going to offer about 40 million soundtracks in 15 languages and has over 900 label partnerships. Some of the partners are Universal, Sony, T-Series, Tips, YRF, Saregama, Eros, and Warner Music. 

29. Purple Panda Fashions  

Purple Panda Fashions was begun by Pankaj Vermani, Neha Kant, and Suman Choudhary in 2013, Purple Panda Fashions is the manufacturer and online retailer of lingerie with its flagship brand Clovia. Clovia, under Purple Panda Fashions, offers a wide range of quality innerwear and loungewear for women, with its categories spanning over 3500+ product styles. ‘

terra Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

28. Tesseract 

In August 2019, Reliance hold a stake of 92.7% stakes in Tesseract. The stake would be valued between INR 150 crores and INR 500 crores. Reliance also declared its mixed reality platform Holoboard, which combines augmented reality and virtual reality. Holoboard would be the first made-in-India AR headset and will be compatible with smartphones. Interestingly, the device is developed by Tesseract. 

Tesseract is a Mumbai-based VR  startup founded in 2015 by Kshitij Marwah. Tesseract has launched three hardware and two software products in the MR, AR, and VR spaces. The founder claims to have seven patents: one US-registered, three international, and three India-registered patents. 

27. Den Networks and Hathway Cable & Datacom Ltd. 

Reliance Jio holds a majority stake in Den Networks, Hathway Cable, and Datacom in October 2018. Jio acquired a 66% stake in Den Networks with a primary investment of INR 2,045 crores and a 51.3% stake in Hathway Cable & Datacom Ltd. with an initial investment of INR 2,940 crores. 

DEN claims to have the ability to reach 9.7 lakh homes and has more than 106,000 broadband subscribers. Hathway Cable is owned by the Raheja Group while Sameer Manchanda owns DEN Networks. They both are amongst the biggest players in the cable broadband market. 

hamleys 660 051019015041 Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

26. Hamleys 

Reliance holds the Industries completed the acquisition of British toy retailer Hamleys for about INR 620 crores in an all-cash deal in July 2019 when Reliance Brands signed an agreement to acquire a 100% stake in Hamleys Global Holdings from Hong Kong-based C.banner International. 

RIL has stated that Reliance Brands completed the acquisition of a 100 % stake in Hamleys Global Holdings (HGHL) through a special-purpose vehicle company set up in the United Kingdom. This acquisition will help Reliance Brands become a dominant player in the global toy retail industry. 

25. Netmeds 

Reliance Industries Ltd. has held a majority of stake in online pharmacy Netmeds for about $83 million in cash, days after e-commerce giant Amazon.com Inc launched an online drug sales service in India. 

Netmeds is definitely one of the top online pharmacies in India that deals with a wide range of healthcare products like high-quality prescription medicines, over-the-counter pharmaceuticals, general healthcare products, Ayurvedic medicines, and homeopathic medicines. 

ast Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

24. Asteria Aerospace 

In December 2019, RIL acquired a subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) acquired a 51.78% stake in robotics and artificial intelligence company Asteria Aerospace Pvt. Ltd. for INR 23.12 crores. Asteria has made drone-based solutions to provide intelligence from aerial data for military use and industrial applications. 

23. NowFloats Technologies 

In December 2019, RSBVL also got an 85% stake in NowFloats Technologies Pvt. Ltd. for INR 141.63 crores having a proposal on making further investments of up to INR 75 crores. Nowfloats provides SaaS solutions to small and medium enterprises for building a digital presence.  

radisys Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

22. Radisys 

RIL has acquired one of the open telecom solution providers Radisys in June 2020 for $74 million.  This is majorly focused on enhancing Reliance Jio’s presence in the areas of 5G, the Internet of Things, and open-source architecture adoption. 

Additionally, with these acquisitions, RIL has specifically made deals to amplify the occupancy of Reliance Jio by acquiring software companies namely Surajya Services and SankhyaSutra. Surajya Services.  

21. Balaji Telefilms and Eros International 

RIL has also been invested in the entertainment industry. The company has acquired a 24.9% stake in film and television production house Balaji Telefilms Ltd., the parent company of ALTBalaji with a deal worth INR 413.28 crores. The stake purchase will give Reliance Jio Infocomm Ltd. access to the content generated by Balaji Telefilms. RIL also acquired a 5% stake in the film entertainment company Eros International for $48.75 million.  

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20. Urban Ladder 

Reliance Retail has purchased a 96% stake in Urban Ladder for over INR 182 crore in November 2020. The omnichannel furniture and decor retailer is focused on Bengaluru, has more than 3 stores in Bangalore, and boasts of distributing its products across more than 75 cities. 

19. JustDial 

JustDial is mainly a local search services platform, one of the oldest and most iconic players in the Indian local search services space. Just Dial boasts of having more than 30 million enterprise listings across web, app, and voice platforms. 

The RIL arm, Reliance Retail Ventures, acquired 40.95% stakes in Just Dial on June 17, 2021, in an all-cash deal worth INR 5,710 crore. According to the reports of the deal, Reliance subscribed to the preferential shares and bought some shares from its main promoter, VSS Mani, and his family for INR 3,497 crore.  

milkbasket BCCL Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

18. Milkbasket 

This company is India’s first subscription-based micro-delivery service Milkbasket was established in 2015 by Anant Goel, Ashish Goel, Anurag Jain, and Yatish Talvadia. The delivery service platform was founded with the aim to deliver daily groceries, milk, and other everyday essentials. 

17. Zivame 

RIL having the subsidiary of Reliance Industries, Reliance Brands has bought 15% stakes in Zivame, the most trusted store for women’s undergarments. Reliance had held a minority stake in the leading online lingerie brand in July 2020 and had also been mentioned that it would buy out Zivame sometime soon and could also pay close to INR 1,200 to materialize the deal. 

portico Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

16. Portico 

Portico has been acquired by Creative Group, Portico is a home fashion brand that is fast emerging. Reliance acquired a minority stake in Portico and has approached the same for a majority stake in the same, as per the reports dated July 2021. 

15. Dunzo 

Dunzo is definitely one of the popular delivery service platforms from Bangalore. Dunzo was established in July 2014 by Kabeer Biswas, Ankur Agarwal, Dalvir Suri, and Mukund Jha, Dunzo is a 24×7 operating app that operates in more than 8 Indian cities. 

Reliance Retail has acquired 25.8% stakes in Dunzo on January 6, 2022, in a deal where Dunzo raised $240 mn worth of funds from the mammoth conglomerate. 

shriii Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

14. Shri Kannan Departmental Store 

Shri Kannan Departmental Store holds a 20+ years old company that primarily retailed fruits and vegetables, dairy products, and other essentials and operates 29 plus stores close to Coimbatore and that is nearby areas. Reliance Retail Ventures Ltd. has acquired this retail brand by acquiring 100% stakes in the firm for an amount of INR 152.5 crore. 

13. Jaisuryas 

Jaisuryas is mainly a leading regional grocery chain that operates in the Southern part of India. Reliance Industries acquired Jaisuryas in an undisclosed deal. 

kalanikethan Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

12. Kalanikethan 

Kalanikethan becomes a leading retailer of sarees and ethnic wear that operates in many cities in South India. Kalanikethan is mainly another startup that currently standing held by Reliance to fill up the gaps in some of the smaller markets in the south of the country. 

11. Abraham & Thakore 

David Abraham and Rakesh Thakore launched Abraham & Thakore in 1992, who were soon joined by Kevin Nigli. Abraham & Thakore is rooted in the fashion industry, which believes in making weaving and designs unconventional and appealing to the mass! 

ritu Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

10. Ritu Kumar 

Reliance Industries had already held Manish Malhotra, as it acquires Ritu Kumar. This time it is another major acquisition in the fashion industry. The MNC conglomerate giant owned a whopping 52% stake in Ritika Pvt Ltd., the parent of Ritu Kumar, Label Ritu Kumar, RI Ritu Kumar, aarké, and Ritu Kumar Home and Living, this is India’s oldest fashion house on October 15, 2021. 

9. Manish Malhotra 

Manish Malhotra is definitely one of the eponymous fashion brands of the celebrated Indian fashion designer, couturier, costume stylist, entrepreneur, filmmaker, and revivalist based in Mumbai, India. This is definitely one of the rages in the Indian fashion market as well.  

ak Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

8. AK-OK 

Anamika Khanna is a popular Indian couturier, that successfully blended traditional Indian textiles and techniques with Western silhouette and tailoring. The celebrity Indian fashion designer running her eponymous brand AK-OK, with a majority stake (60%) of which has been acquired by Reliance Brands in December 2021, which is believed to be a 60:40 joint venture. 

7. Genesis Colors 

Reliance holds 16.31% worth of stakes in Genesis Colors. Reliance Retail Ventures Ltd a  subsidiary of Reliance materialized the deal for INR 34.80 crore on 10th September 2018. The Mukesh-Ambani-led company further took 9.44% stakes in the same company on 8th February 2019. Reliance has stood as an owner of 29.07% stakes of the Genesis Colors. 

6. Future101 Design 

Future 101 Design is definitely across the same time while Reliance has extended its stakes in Genesis Colors, the company also acquired an additional 2.5% stake in Future101, thereby becoming an owner of 15% of the company’s stakes on 8th February 2019. The Gurgaon-based fashion brand designs and manufactures apparel that contains hand-crafted breeches, suits, jackets, skirts, pants, sarees, and more. 

AGP7159 01 Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

5. Addverb Technologies 

Adverb Technologies holds the robotics firm established in June 2016 by Sangeet Kumar, Prateek Jain, Bir Singh, Satish Kumar Shukla, and Amit Kumar that holds the products 4 verticals like robotics, automated storage, and retrieval systems, picking, and software. Reliance acquired majority stakes of 55% in Addverb Technologies 

4. Portico 

Reliance has held a minority of stake in Portico and has already announced buying a majority stake of 37.7%  in the home fashion brand, as of the reports dated 6th July 2021. 

3. Amante 

Reliance has declared for acquiring 100% stakes in the Amante brand from MAS, according to the joint statement issued by the two companies. It has been established in October 2007, Amante is a part of MAS Brands, a subsidiary of MAS Holdings. 

rah Get A Complete List of High-Profit Companies Acquired by Reliance Group (23rd September)

2. Rahul Mishra 

Rahul Mishra is definitely one of the reputed  Indian designers,  hailed as the first Indian designer to showcase at Paris Haute Couture week. Reliance made a partnership with Rahul Mishra on 31st JANUARY 2022, this has targeted for 60:40 joint venture with the designer’s firm. Reliance Brands Limited, a subsidiary of Reliance currently owns 60% stakes in Rahul Mishra’s company. 

1. Lithium Werks 

 Lithium Werks has been the asset acquired by Reliance New Energy, with a completely owned subsidiary of RIL, in a deal that is valued at $61 million, as per the reports dated March 16, 2022.   

Lithium Werks holds a cobalt-free lithium technology and manufacturing company. The Texas headquartered company is a well-known producer of cobalt-free and high-performance lithium iron phosphate batteries.  

Read More:  Elon Musk Net Worth in Rupees: Get to know Completely


  1. Which is the highest profitable company acquired by Jio?

    Lithium Werks 

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