Reliance Industries Limited has crossed the $120 billion revenue mark in FY26, becoming the first Indian company to achieve this milestone and strengthening its position as India’s largest diversified conglomerate.
The Mukesh Ambani-led company reported revenue of $124 billion for FY26, marking a historic achievement for India’s corporate sector. Reliance announced the milestone through a post on X, highlighting the company’s transformation from a textile-focused business established in 1966 into one of the world’s leading diversified enterprises.
“From a textile dream in 1966 to a $124 Billion global conglomerate in 2026, Reliance Industries becomes the first Indian company to surpass USD $120 Billion revenue landmark in FY 2025-26,” the company stated.
The achievement comes nearly a month after Reliance Industries became the first Indian company to cross the $10 billion annual net profit mark. The company reported a net profit of Rs 95,610 crore before accounting for non-controlling interests, translating into approximately $10.1 billion at the year-end exchange rate of 94.4 against the US dollar.
Reliance’s profitability has also outpaced several major Indian technology firms combined. According to company disclosures, the group’s annual net profit exceeded the combined profits of India’s leading IT companies including Tata Consultancy Services, Infosys, and HCLTech.
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Reliance Industries posted an EBITDA of $21.9 billion and Profit After Tax (PAT) of $10.1 billion during FY26, supported by strong performances across its digital, retail, and energy businesses.
The company’s digital services business recorded robust 18% year-on-year growth, driven by subscriber additions, rising customer engagement, improved 5G adoption, and increasing fixed broadband penetration. Analysts believe the continued expansion of digital infrastructure and premium connectivity services significantly contributed to Reliance’s earnings momentum.
Reliance’s retail business also delivered an 8% year-on-year growth supported by the rapid expansion of hyperlocal commerce, strengthening omnichannel operations, and steady consumer demand across formats. Industry experts view Reliance Retail’s scale and supply chain integration as key growth drivers in India’s evolving retail market.
Meanwhile, the company’s Oil-to-Chemicals (O2C) segment registered 10% year-on-year EBITDA growth despite global market volatility, sanctions-related disruptions, and supply chain dislocations toward the end of the financial year.
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Industry observers believe Reliance Industries’ latest revenue milestone reflects the growing scale of Indian multinational companies in sectors such as energy, telecom, retail, digital infrastructure, and advanced manufacturing.
Over the years, Reliance Industries Limited has transformed into a diversified global enterprise with businesses spanning oil refining, petrochemicals, telecommunications, retail, renewable energy, media, and digital services. The company continues to invest aggressively in clean energy, artificial intelligence, digital ecosystems, and next-generation consumer technologies.
Market analysts believe Reliance’s strong earnings growth, diversified business portfolio, and expanding consumer ecosystem could further strengthen its leadership position in India’s corporate sector while enhancing its global competitiveness.
Reliance Industries Limited is India’s largest diversified conglomerate with businesses across energy, petrochemicals, telecom, retail, digital services, and renewable energy, serving millions globally through innovation, infrastructure, and consumer-focused growth initiatives.
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