While the group companies of the Reliance Group have been developing chronic fault lines, Anil Ambani, has come a long way, developing and nurturing the conglomerate before he had to walk the tight ropes of debt. The not-so media shy business tycoon, is credited with introducing business innovations that once proved to be breakthroughs for the Indian economy. Here’s a comprehensive look as to how he took up the herculean task of building the Reliance Group.

1. How Did Anil Ambani Build Relance Group
While the group companies of the Reliance Group have been developing chronic fault lines, Anil
Ambani, has come a long way, developing and nurturing the conglomerate before he had to walk the
tight ropes of debt. The not-so media shy business tycoon, is credited with introducing business
innovations that once proved to be breakthroughs for the Indian economy. Here’s a comprehensive
look as to how he took up the herculean task of building the Reliance Group.
Reliance Anil Dhirubhai Ambani Group is headquartered in Mumbai. An Indian Conglomerate of
companies, this establishment was formed by Anil Ambani in 2006 after the business of his father
Dhirubhai Ambani was divided between him and his brother Mukesh Ambani. Following the split of
Reliance Industries in December 2005, Anil Ambani got Reliance Infocomm, Reliance Energy and
Reliance Capital. Following is a comprehensive overview of his companies:
Reliance Capital:
Reliance Capital Limited was incorporated in 1986 at Ahmedabad in Gujarat as Reliance Capital &
Finance Trust Limited. The name Reliance Capital came into effect on January 5, 1995. In 2002,
Reliance Capital Ltd shifted its registered office to Jamnagar in Gujarat before it finally moved to
Mumbai in Maharashtra, in 2006.
In 2006, Reliance Capital Ventures Limited merged with Reliance Capital. With this merger the
shareholder base of Reliance Capital rose from 0.15 million shareholders to 1.3 million. Reliance
Capital India is an India based financial services holding company with a diversified portfolio. The
company is a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the
Reliance Group. It is amongst India's leading and most valuable financial services companies in the
private sector. As on March 31, 2017, the net worth of the company stood at Rs 16,548 crore, while
its total assets as on the date stood at Rs 82,209 crore. In Fortune India 500 list of 2018, Reliance
Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance'
category.
Reliance Capital has businesses in asset management, mutual funds, life insurance and general
insurance, commercial finance, home finance, stock broking, wealth management services,
distribution of financial products, private equity, asset reconstruction, proprietary investments and
other activities in financial services. The company operates across India and has over 20 million
customers and workforce of approximately 15, 595 as of May 1, 2017.
Reliance Power:
The company was incorporated on 17 January 1995 as Bawana Power Private Limited and changed
its name to Reliance Delhi Power Private Limited in February 1995. Its name was changed to Reliance
Energy Generation Limited in March 2004, and finally to Reliance Power Limited in July 2007. Earlier,
Reliance Power Limited was called Reliance Energy Generation Limited. This company was created in
order to establish, build, operate and maintain power projects in India and International markets.
The company has the largest collection of power projects in the private sector in India that is based
on thermal energy and renewable energy. It also runs power generation, transmission and
distribution businesses in other parts of Maharashtra, Goa and Andhra Pradesh.

2. Reliance Infrastructure:
Formerly known as Reliance Energy Limited, Reliance Infrastructure Limited and Bombay Suburban
Electric Supply are Indian Private Sector Enterprises involved in power generation, defence
construction and infrastructure. The predecessor company, Reliance Energy Limited, came into
existence when it took over an 83-year-old government undertaking, the Bombay Suburban Electric
Supply (BSES) in 2002. BSES was originally founded in October 1929. The company entered the road
building industry in 2006 with two National Highway projects in Tamil Nadu (Namakkal-Karur and
Dindigul-Samayanallur), both sections of National Highway 44 (formerly NH 7). Meanwhile, in April
2008, Reliance Energy Limited had changed its name to Reliance Infrastructure Limited.
Reliance Communications:
Reliance Communications was founded in India on 31 July 2002 as Reliance Infocomm Limited with
the introduction of its nationwide CDMA2000 service. The company introduced its GSM service in
2008. It began using MIMO technology in 2011 to improve the quality of its 3G service, providing a
data rate of up to 28 Mbit/s. Reliance Communications was a highly popular network provider in
India. It became Reliance Communications Limited in 2006.It was an Indian mobile network provider
headquartered in Navi Mumbai that offered voice and 2G and 3G data services. The company ended
its CDMA operations in 2016, and migrated its subscribers to its GSM and LTE networks by
September the same year. In February 2019, the company filed for bankruptcy as it was unable to
sell assets to repay its debt. As of March 2019, the company has reworked its strategy and continues
to operate fixed-line communications, data center services, enterprise solutions as well as subsea
cable networks under the banner name, "The New Reliance Communications".
Acquisition of Digicable and MTS:
On 1 July 2010, the board of Reliance Communications confirmed about the acquisition of Digicable
India's largest cable network in all-stock deal. The new entity named as Reliance Digicom. It
integrated RCOM's DTH tv, IPTV and Retail Broadband Operations with Digicable.
On 14 January 2016, Reliance Communications announced that it had acquired Sistema Shyam
TeleServices Limited (SSTL, operating as MTS India) in an all-stock deal. SSTL received a 10 per cent
stake in Reliance Communications after repaying its existing debt. Reliance Communications would
assume responsibility for instalments that MTS owed the government for spectrum purchases,
amounting to ₹392 crore every year for 10 years. As a result of the deal, Reliance acquired MTS
India's subscribers and SSTL's spectrum in the 850 MHz band.
Reliance Naval and Engineering:
It was established as a wholly owned subsidiary of SKIL Infrastructure in 1997 at Pipavav, Gujarat. In
2005, with funding from major Indian financial institutions, the company was spun off and registered
as Pipavav Shipyard Limited. Pipavav Shipyard Limited raised additional financing from a number of
private equity investors in 2007. The company went public in 2009 with listings on the BSE and the
NSE.
Pipavav Shipyard is the first corporate shipyard to be granted clearance to build warships and other
vessels for the Indian Navy, though the initial licence limits this to up to 5 ships per year.

3. Reliance Entertainment:
Reliance Entertainment Pvt Ltd is a division of the Reliance Anil Dhirubhai Ambani Group handling its
media and entertainment business, across content and distribution platforms. It forayed into the
largely untapped video rental market in India by launching BIGFlix. On 15th
July 2009, Anil Ambani
and Steven Spielberg announced a joint venture with funding of $825 million. It was in April 2010
that the company acquired a 50 percent stake in Codemasters and in later in 2015, Anil Ambani
joined hands with filmmaker Steven Spielberg to form a new joint venture Amblin Partners.
The key content initiatives are across movies, music, sports, gaming, Internet & mobile portals,
leading to direct opportunities in delivery across the emerging digital distribution platforms: digital
cinema, IPTV, DTH and mobile TV.
Kokilaben Dhirubhai Ambani Hospital:
The 750 bed multi-speciality hospital became operational in the first week of 2009. The project was
initiated in 1999 by Nitu Mandke as a large-scale heart hospital, but ran into troubles after his death
in 2003. Subsequently, it was completed by the Anil Ambani-led Reliance Group. It had the first 3-
room intra-operative MRI suite (IMRIS) in Asia. In 2016, the hospital announced that it would be
setting up 18 cancer-care centres in rural Maharashtra.
Reliance Health Insurance Limited:
A part of the Reliance Capital, Reliance Health Insurance is one of the leaders in the private health
insurance sector of India. It has more than 139 offices across India.
As of now, the group companies of Reliance Naval, Reliance Communications and most of the
verticals of Reliance Entertainment are staring at insolvency proceedings given the colossal debt-
burden. Furthermore, Anil Ambani is now looking at asset-monetization to service the 9000 crore
debts.