The RIL chairman said that his conglomerate's retail arm is among the fastest growing retailers in the world
What helps Reliance Retail is the fact that it has no competition at scale.
Image: Indranil Aditya/NurPhoto via Getty Images
Reliance Retail will emerge as Reliance Industries’ most rapidly expanding business and the biggest contributor of revenues and Ebitda, said Mukesh Ambani, chairman of Reliance Industries Limited (RIL), at the company’s 46th annual general meeting (AGM) on August 28.
“I am confident that as India grows from a $2500 per-capita economy to a $10,000 per capita economy, Reliance Retail will be our fastest growing business in revenues and EBITDA,” said Ambani. [Disclaimer: Reliance Industries is the owner of the Network18 group, which publishes Forbes India].