Reliance Industries Ltd. (RIL) is one of India's largest private sector conglomerates, founded in 1966 by Dhirubhai Ambani. It has major businesses in energy and materials with operations in refining, petrochemistry, oil and gas exploration, retail and digital services. RIL's annual revenue exceeds $66 billion and it is the largest private sector company in India. Mukesh Ambani currently serves as RIL's Chairman and Managing Director. RIL has significant market share in India's oil refining and petrochemicals industries and is also India's largest retailer, operating over 1,600 stores nationwide.