Reliance Jio
Reliance Jio
Reliance Jio
Anil Ambani in 2004.The headquarters of the company is in Navi Mumbai India. Reliance
telecommunication is the 15th largest telecommunication provider in the world with 150
million subscribers and the second largest telecommunication provider in India. The
company has segments like wireless and broadband in telecommunication industry.
Reliance communications follows good human resource policies and procedures even
though it has some draw backs.
Mission of the company- meeting beyond customer needs and wants with a
segmented approach, relentless offering of services and products that are value for cash
and stimulate customers, offer a network experience that is best in the communication
industry, make reliance in to an international brand which is a iconic brand by others
and lead industry in target to purchase and faithfulness.
Every organisation has their own HR processes, but the main HR Processes are always
same in all companies as it is the market HR Best Practices.
MANPOWER PLANNING
Human Resource Planning is the integral part of Human Resource Management Human
Resource Planning estimates the optimal level of Man power requirement on the basis
of quality and quantity. Thus HRP can be considered as the foundation of Human
Resource management. Although HR planning is very important it cannot be executed
faultlessly in all cases, as HR is dependent on various factors such as employment
situation of the country, influence of technological advancement, changes in the
organization structures, Demographic factors such as age, population, composition of
workforce, lack of skill, multicultural workforce etc. Certain pressure groups will also
affect the precision of the HRP. Understanding of competencies of the Human resource
is vital in forming a successful HR frame work. Lengnic-Hall, 1988, Milliman et al., 1991,
describes the terms Internal and External fit, “Internal fit” refers to the extent to which
the manpower constituents are linked in a logical way and how effectively they support
themselves, on the other hand external fit primarily focus on the strategy of the
organization, external fit reveals to what extent human resources systems are integrated.
Concentrated labour cost: with the help of manpower planning there is most
favourable operation of labour force in the organisation workers are given those jobs to
implement for which they are skilled (right person for the right job).it leads to overall
progress of the man power in the organisation.
Optimum utilisation of manpower: it helps to utilise the labour force in the company
which helps in the growth of manpower in the organisation.
Develops business plan- Man power planning is an important part of overall business
planning. No business can survive without having the right type and number of people
doing the right work at the right time.
Helps in career succession planning-with the help of better manpower planning it helps
to produce a good career succession of employees which provides much lead time for
internal succession of workers through higher position through encouragement.
Development of the organisation- The man power planning helps in the expansion of
an organisation.
Job analysis
Job analysis is a process of analysing the job in detail and providing the details of job
needs to the HR planning department they present details as job specification and job
analysis. Job analysis is important in the whole organisation. And they will provide the
details of manpower requirements.
Transfers-It means transferring one employee to the other organisation without change
in salary and position, so the vacancy can be filled by transfer.
Advertising internally-Here the job vacancy is advertised within the organisation so the
existing employees in the organisation can apply for the post. So the recruitment is take
place inside the organisation.
On the job training is a process of giving training in normal working situations using
actual materials or documents, equipment, actual tools trainees will make use when
completely moulded.
Off the job training is usually provided away from the usual working environment, it may
include more general skills and knowledge which is useful for the job. This type of
training is given by the specialised trainers or from an outside company who outsource
the trainers.
METHODS OF TRAINING
C. Audio visual based training- This method of training includes tools like power point
presentation, online video conferencing, audiotapes and video tapes.
D. Computer based trining- This training method is widely used to provide good
training to employees, it is time consuming and easy way to provide training. It is cost
effective while comparing to other training methods.
E. Simulated training- In this method trainess will learn from the actual or simulated
equipement they will use on the job, but actually trained off the job.
F. Lectures- When their is a large number of trainees, this method is used it is the
immideate way to give instruction of job related activities within a specified period of
time.
H. Internet and distance Training – Internet training includes video conferencing and
web based training, distance training means traditional training paper and pencil
correspondence course.
1. Tele training – where a trainer in a central location teaches groups of employees at
remote locations via television hookups.
3. Training via the Internet – the Internet based learning programs are very popular.
Several companies simply let their employees to take online courses provided by online
course providers while others use their intranets to facilitate computer-based training.
CAREER DEVELOPEMENT
Diagram demonstrating your personal development
Reliance communications helps the employees to attain a good carrer graph based on
the company HR policies and procedures. First of all the company gather the strength
and weakness of every individual, then they provide different opportunities to develop
their carrer based on the strength and weakness. The basic formula for the career
developement is self awareness every individual asses their own problems and issues
and then the company will help to over come this issues .Now days people are changing
their jobs to attain a good carrer success .Reliance communication identifies this
problem and they had a good career sucession plan for every individual employee in the
organisation.
Leadership developement helps the organisation to achieve the goals, through the
developement of good leadership in each employee reliance aims at the overall
developement of the organisation as well as the growth in employees functioning.Every
employee in the organisation is gaining a better leadership quality through the
leadership developement function.Each emloyees in the company are closely monitored
by the management and if they are weak in the work the company will encourage
them.And the workers are councelled by the management to increase work
efficiency.And their will be a structured plan to create a positive working
enviornment.The main aim of leadership developement is to leading self,leading others
and leading the organisation.
Most of the companies face the same problem of employee lay-offs. So the organisation
have to prevent the issue by retaining the employee by providing good working
condition and benefits whichever the employees need. In reliance industries there are so
many employees leave the company due to lack of co-ordination between workers. The
organisation tries to check the issue but fails sometimes.
3. POOR HR POLICIES :
The plocies and practices adopted by the HR managers regarding their networking
sector is an important example. They brought some new plans in mobile networking
sector like low call rate for mobile users, low internet browsing charge.etc., but the
competitors like AIRTEL communications, BSNL network, VODAFONE facilitated some
more exciting offers than the reliance. In that situation the Reliance communication
hesitated to change their HR policies and techniques.
If the company has no good HR stratergies the company cannot exist in the high
competative world.Reliance communication is facing some HR issues as mentioned
above, to overcome this problems company must do some good HR restructuring
process in the company .The first main issue is ;
Cash and compensation issues- As it is a major problem the company must find a
good solution to overcome this issue, the suggestion to solve this problem is to pay
cash and compensation based on the experience of the employees.As mentioned above
the company is paying a basic salary to each individual, first of all the company must
change this basic payment method,and the compensation and benifits must be paid
according to the experience and skills of each individual. So the company can reduce
the cost of labour so the company can meet the compensation and benifits of each
individual according to the profit earned by the company.
State-of-the-art pan India digital services business being rolled out by Jio, aimed at significantly
lifting India’s global ranking on mobile broadband subscriptions
Value Created
Shareholder Value
Reliance drives shareholder value through active portfolio management to continuously enhance the
quality of its business portfolio, consistently deliver shareholder returns and maintain a focus
on longterm growth potential.
Launch of R-University
Imparted >15 lakh man hours of training
Five Enablers
Safe operations, digital technology, capital productivity, operational efficiency and ethics
Reliance’s Group Strategy is founded on five enablers. These enablers are an integral part of all of its
businesses.
Safety
GRM at 7-yr high - US$10.8/barrel (bbl) outperformed the Singapore benchmarks by US$3.3/bbl for
FY 2015-16
Ethics
Current Liabilities
ASSETS
Non-Current Assets 0.00 0.00 0.00%
1195.70
Change Change %
-14.95 -1.23%
BSE
1192.00
Change Change %
-18.90 -1.56%
- -
Cash Flow from investing activities -7.57%
59,109.00 54,949.00
Cash & Cash Equivalent of Subsidiaries under liquidations 0.00 0.00 0.00%
Translation adjustment on reserves / op cash balalces frgn
0.00 0.00 0.00%
subsidiaries
Margin Ratios:
Performance Ratios:
Efficiency Ratios:
Capitalisation Ratios:
Valuation Parameters:
Growth Ratio:
Liquidity Ratios:
Exports for FY 2012–13 were Rs. 239,226 crore ($ 44.1 billion), 14% of India’s total exports.
RIL declared Dividend of 90%. Payout of Rs. 3,092 crore, one of the highest in the Indian Private
Sector.
During the year, RIL signed $ 4.5 billion equivalent facilities, backed by Export Credit Agencies,
which included:
2012
•RIL’s Revenues for FY 2011–12 were Rs. 339,792 crore ($ 66.8 billion), Net Profit was Rs. 20,040
crore ($ 3.9 billion), Networth was Rs. 166,096 crore and Total Assets were Rs. 295,140 crore,
unparalleled in the Indian Private Sector.
•Exports for FY 2011–12 were Rs. 208,042 crore ($ 40.9 billion), 14% of India’s total exports.
•RIL declared Dividend of 85%. Payout of Rs. 2,941 crore, one of the highest in the Indian Private
Sector.
•Reliance Holding USA Inc., a wholly–owned subsidiary of RIL raised $ 1.0 billion through the
issuance of 5.4%, 10–year Guaranteed Senior Notes in February 2012.
2011 – Revenue crossed Rs. 2,50,000 crore mark (Rs. 2,58,651 crore, US$ 58.0 billion), Net Profit
crossed Rs. 20,000 crore mark (Rs. 20,286 crore, US$ 4.5 billion) and Total Assets crossed Rs.
2,80,000 crore mark (Rs. 2,84,719 crore, US$ 63.8 billion), unparalleled in the Indian Private sector.
Exports crossed Rs. 1,40,000 crore mark (Rs. 1,46,667 crore, US$ 32.9 billion), 13.4% of India's
total exports.
RIL declares Dividend of 80%. Payout of Rs 2,385 Crore, one of the highest in the Indian Private
Sector.
2010 – Revenue crossed Rs. 2,00,000 crore mark (Rs. 2,00,400 crore, US$ 44.6 billion), Net Profit
crossed Rs. 16,000 crore mark (Rs. 16,236 crore, US$ 3.6 billion) and Total Assets crossed Rs.
2,50,000 crore mark (Rs. 2,51,006 crore, US$ 55.9 billion), unparalleled in the Indian Private sector.
Exports crossed Rs. 1,00,000 crore mark (Rs. 1,10,176 crore, US$ 24.5 billion), 14.5% of India's
total exports.
RIL declares Dividend of 70%. Payout of Rs 2,084 Crore, one of the highest in the Indian Private
Sector.
2009 – Total Assets crossed Rs. 2,00,000 crore mark (Rs. 2,45,706 crore, US$ 48.44 billion),
Networth crossed Rs. 1,00,000 crore mark (Rs. 1,26,373 crore, US$ 24.92 billion), unparalleled in
the Indian Private sector.
RIL declares Dividend of 130%. Payout of Rs 1,897 Crore, one of the highest in the Indian Private
Sector.
2008 – Revenue crossed Rs. 130,000 crore mark (Rs. 139,269 crore, US$ 34.7 billion), Net Profit
crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs.
140,000 crore mark (Rs. 149,839crore, US$ 37.3 billion), unparalleled in the Indian Private sector.
Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 13.4% of India's total
exports.
RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian Private Sector.
2007 – Revenue crossed Rs. 100,000 crore mark (Rs. 118,354 crore, US$ 27 billion), Net Profit
crossed Rs. 10,000 crore mark (Rs. 11,943 crore, US$ 2.75 billion) and Total Assets crossed Rs.
100,000 crore mark (Rs. 117,353 crore, US$ 27 billion), unparalleled in the Indian Private sector.
Exports crossed Rs. 60,000 crore mark (Rs. 66,627 crore, US$ 15 billion), 12% of India's total
exports.
RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the Indian Private Sector.
2006 – RIL places $300 million in US Private Placement Market. First ever Indian company to raise
money through this route.
RIL declares Dividend of 100%. Payout of Rs 1,393 Crore, Highest In Private Sector.
RPL a subsidary of RIL completes its US$ 1.2 billion Initial Public Offering of equity shares with an
overwhelming response across different classes of investors. Chevron to Purchase 5% Stake in RPL
for $300 Million. Option to Increase Stake to 29%.
2005 – Launches US $348 Million Syndicated Term Loan Facility. Aims To Replace Existing High
Cost Loans.
Reliance Successfully Closes US$ 350 Million Multi Currency Term Loan.
2004 – Reliance signs EUR 116.2 million Export Credit Agency (ECA) backed Buyer's Credit Facility
provided by Deutsche Bank. RIL avails an ECA cover for the first time in 22 years.
Reliance emerges as India's Greenest private sector company amongst the private sector with an
overall rank of number two in a BT – ACNielsen ORG–MARG survey of shareholder perception
published in Business Today's October issue.
Reliance Industries concludes re–pricing of $687.50 million Syndicated Term Loan facilities.
Reliance Group emerges as India's Largest Wealth Creator in the private sector for the Year 2003–
04.
2003 – RIL – First Indian private sector company to record net profit of over Rs 4,000 crore in one
financial year.
2002 – RIL – First Indian private sector company to record Net Profit of over Rs. 1,000 crores in one
quarter.
Reliance among ten most creditworthy companies in Asia.
Reliance Completes Acquisition of IPCL.
2001 – RPL raises $750 million syndicated loan – deal named capital market deal of the year by IFR
Asia.
Group revenues cross Rs. 60,000 crore (Rs. 60,160 crores), Reliance becomes largest business
group in India.
RIL and RPL become India's two largest companies in terms of all major financial parameters.
2000 – Group profits cross Rs. 2,500 crore mark, Revenues cross Rs. 20,000 crore mark (Rs.
21,541 crores) and Total assets cross Rs. 50,000 crore (Rs. 52,094 crores).
1998 – Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues cross Rs. 14,000
crore (Rs. 14,115 crore).
1997 – First corporate in Asia to issue 50 and 100 years bond in US debt market.
1996 – Reliance became the first private sector company to be rated by international credit rating
agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated
Baa3, Investment grade, constrained by the Sovereign Ceilings.
Net profit crossed the Rs.1,000 crore mark (Rs 1,065 crores or US$ 338 million), unparalleled in the
Indian Private sector.
1994 – Offered the second Euro issue of GDR.
1993 – India's largest public offering – Reliance Petroleum Issue.
Offered the first Euro Convertible bond issue
1992 – Set a record with Reliance Twin issues that received over 1 million investor applications.
Offered the first ever Euro Issue of Global Depository Receipts by an Indian company
1991 – Reliance commissioned phase–I of Hazira Petrochemicals Complex – consolidated its
position in polyesters and entered into attractive polymers business – started VCM and PVC plants.
1988 – Sales cross Rs. 1,000 crores mark (Sales for the year Rs. 1,778 crores).
1987 – Reliance commenced the Linear Alkyl Benzene (LAB) plant at Patalganga.
1986 – Reliance started PTA plant at Patalganga.
Reliance commissioned Polyester Staple Fibre (PSF) plant at Patalganga.
1985 – Total Assets cross Rs. 1,000 crores.
1977 – First IPO to the Indian Public.
Achievements/ recognition:
Corporate Ranking and Ratings:
RIL continues to be featured, for the sixth consecutive year, in the Fortune Global 500 list of the
World's Largest Corporations, ranking for 2010 is as follows:Ranked 175 based on
RevenuesRanked 100 based on Profits
RIL is ranked 68th in 2010, in the Financial Times' FT Global 500 list of the world's largest
companies (up from previous year's 75th rank).
RIL has been ranked at 20th position, on the basis of sales, in the ICIS Top 100 Chemicals
Companies list. RIL is the only Indian company in the world's Top 20 chemical companies in the
global ranking. RIL has also been named as the 8th biggest gainer in the list in terms of operating
profits.
RIL is the only Indian company to get a perfect score from CLSA Asia–Pacific Markets (CLSA) in a
list of Asia's best companies in terms of CSR and termed the Company as the region's 'Corporate
Good Guy'. In its 'Ethical Asia' 2010 report, CLSA has named RIL among its top picks for providing
very good data and going well beyond required disclosure.
RIL is rated as the 33rd 'Most Innovative Company in the World' in a survey conducted by the US
financial publication– Business Week in collaboration with the Boston Consulting Group (BCG).
Further, in 2010, BCG has ranked RIL second amongst the world's 10 biggest, 'Sustainable Value
Creators', companies for creating the most shareholder value for the period 2000 to 2009.
Project Management:
E&P Division received the Petrotech–2010 Special Technical Award in the 'Project Management'
category for completion of their Krishna Godavari Gas project aheadof schedule.
Health, Safety and Environment
Allahabad Manufacturing Division received a rating of 90% for its environmental initiatives from
British Safety Council in 2010.
Barabanki Manufacturing Division received '5 Star Rating on BSC Environment' from British Safety
Council in 2010.
Dahej Manufacturing Division received 'Greentech Environment Excellence Award 2010 – Gold'
for its excellence in environment practices from Greentech Foundation in 2010.
Dahej Manufacturing Division received the 'National Award for the Prevention of Pollution in
Petrochemicals Sector' for its excellence in environment practices from the Ministry of
Environment & Forests, Government of India, in 2010.
Dahej Manufacturing Division received 'Our Cup of Joy India's Best Practices on Water
Confederation of Indian Industry (CII) October 2010' Award for the Best practice of water
conservation of 'Utilizing Cooling Tower Blow Down water for Irrigation Purpose'.
Hazira Manufacturing Division received the DuPont Safety Award for outstanding initiatives
towards workplace safety enhancements and accident prevention in 2010, thus making RIL the
first Indian / Asian company to win this award.
Hazira Manufacturing Division received the British Safety Council's (BSC), Five Star Environment
Award for its 'beyond compliance' initiatives, best environmental practices, innovations and
resource conservation efforts in 2010.
Hazira Manufacturing Division won the UK Energy Institute's Safety Award for 'Road Safety
TRUST Programme' in 2010, making RIL the first Indian / Asian company to win this award.
Hazira Manufacturing Division won the FGI Award for Excellence in Environmental Pollution
Abatement and Preservation in 2010.
Hazira Manufacturing Division won CII's Best Environmental Practice Award under 'Most
Innovative Project' and 'Innovative Project' category in January 2011.
Hoshiarpur Manufacturing Division, for four consecutive years in a row won the 'State Safety
Award' from Punjab Industrial Safety Council & Chief Inspector of Factories, Punjab in 2011.
Jamnagar Manufacturing Division Domestic Tariff Area (DTA) Refinery received the 'Golden
Peacock Award for Occupational Health & Safety' for pace setting performance in OH and Safety
in 2010.
Jamnagar Manufacturing Division DTA Refinery received 'Safety Innovation Award' from Safety &
Quality Forum of Institute of Engineers (India).
Jamnagar Manufacturing Division DTA Refinery won the 'Greentech Platinum Award (2010)'
Safety Category, in Petroleum Refinery Sector for its outstanding Achievement in Safety
Management.
Jamnagar Manufacturing Division has been granted by The National Accreditation Board for
Laboratories (NABL), Ministry of Science & Technology; Government of India, 'NABL accreditation'
based on ISO 15189: 2007 for the DAOH & FWC Medical Laboratory.
Jamnagar Manufacturing Division Special Economic Zone (SEZ) Refinery received '5 Star Award
for Health & Safety' from British Safety Council for sustained performance in Health & Safety in
2010.
Jamnagar Manufacturing Division SEZ Refinery has won the prestigious 'Greentech Environment
Excellence Award 2010' in Gold Category in Petroleum Refinery Sector for its best practices in
Environment Management.
Jamnagar Manufacturing Division SEZ Refinery has been selected as the winner of the '10th
Annual Greentech Safety Award 2011', in Platinum Category in the Petroleum Refinery Sector.
Nagothane Manufacturing Division received the 'Vana Shree Award' from the State Government of
Maharashtra in 2010.
Nagpur Manufacturing Division received the 'Sword of Honour' from the British Safety Council in
2010.
Vadodara Manufacturing Division received the CII Environmental Best Practice Award in 2011.
Energy and Water Conservation / Efficiency:
Hazira Manufacturing Division won the 'Excellent Energy Efficient Unit Award for FY 2009–10'
from CII in 2010.
Dahej Manufacturing Division bagged the 'Excellent Energy Efficient Unit Award 2010' for its
energy conservation efforts from CII in 2010.
Dahej Manufacturing Division received the 'National Energy Conservation Award 2010' for its
energy conservation initiatives from the Ministry of Power, Government of India.
Jamnagar Manufacturing Division received the 'National Award for Excellence in Energy
Management' for its energy conservation techniques from CII in 2010.
Jamnagar Manufacturing Division received the 'I.C.C. Award for Excellence in Energy
Management' for its energy performance from the Indian Chemical Council in 2010.
Technology, Patents, R&D and Innovation:
Nagpur Manufacturing Division received the 'Innovation Quest 2010 Trophy' instituted by the
Indian Institution of Industrial Engineering.
E&P's KG–D6 won the 'Innovation for India Awards 2010' instituted by the Marico Innovation
Foundation for their combined synthesis of advanced technologies, extreme engineering,
innovative execution, yielding unprecedented results and impact on India's energy security.
Hazira Manufacturing Division won the 'Innovative Project' from the CII in 2010.
Hazira Manufacturing Division won the FGI Federation of Gujarat Industries Award for technology
development in 2010.
Hazira Manufacturing Division won the Indian Chemical Council Award for chemical plant design
and engineering in 2010.
Reliance Technology Group (RTG) received 'Certificate of Merit' from the Federation of Gujarat
Industries and 'ICC award for excellence in chemical plant design and engineering' in 2010.
Retail:
Reliance Footprint received the Retailer of the Year Award in the Non Apparel and Footwear
category at Asia Retail Congress 2010.
Reliance TimeOut received the Retailer of the Year Award in the Leisure Category at Asia Retail
Congress 2010.
Vision Express was bestowed the 'Award 2010' for its contribution by the Netherlands India
Chamber of Commerce and Trade in 2010.
Reliance Trends received the 'Retail Marketing Campaign of the Year Award' at the Asia Retail
Congress 2010.
Reliance Trends received the 'Impactful Retail Design and Visual Merchandising of the Year
Award' at the Asia Retail Congress 2010
Sustainability:
Jamnagar Manufacturing Division won the 'Golden Peacock Global Award for Sustainability for the
year 2010'.
In 2013–14
•Reliance Jio and Bharti signed agreement under which Reliance Jio will utilize dedicated fiber pair
on Bharti's i2i submarine cable that connects India and Singapore. The i2i cable system will provide
Reliance Jio direct access and ultra–fast connectivity to major hubs across Asia Pacific.
•RIL and its partners announced a significant gas and condensate discovery (MJ–1 discovery) in the
KG–D6 block off eastern coast of India.
•S&P upgraded the long–term corporate credit rating on Reliance to 'BBB+' from 'BBB', one of the
highest ratings by S&P for an Indian corporate and the highest rating by S&P for an Indian Oil & Gas
company. The new rating is two notches above the rating for the Indian sovereign.
•Reliance Jio and Reliance Communications signed agreement for sharing of RCom's nationwide
telecom towers infrastructure.
•RIL–BP announced a new gas condensate discovery off the east coast of India in the deepwater
block CY–DWN–2001/2 (CY–D5) in the Cauvery basin.
•Reliance Jio received Unified License for all 22 Service Areas across India and becomes the first
telecom operator in the country to get pan India Unified License.
•Reliance Jio acquired spectrum in 14 key circles across India in the 1800 MHz band in the spectrum
auction conducted by DoT, Government of India.
In 2012–13
•RIL signed a US$ 2 billion equivalent loan with nine banks covered by Euler Hermes Deutschland
AG. The loan will be primarily used to finance goods and services procured from German suppliers
as part of RIL's petrochemicals expansion projects at Jamnagar, Hazira, Silvassa and Dahej in
India.
•The Global Reporting Initiative (GRI) awarded A+ level to RIL's Sustainability Report 2011–12. This
is the seventh year in a row RIL has received highest application level on sustainability reporting.
RIL is also the first company to adhere to the GRI 3.1 Oil & Gas Sector Supplement, released in
February 2012.
•RIL and the Venezuelan state oil company, Petroleos de Venezuela, SA (PDVSA) signed a 15 year
heavy crude oil supply contract and a Memorandum of Understanding (MoU) with PDVSA to further
development of Venezuelan heavy oil fields. PDVSA will supply between 300,000 and 400,000
barrels per day of Venezuelan heavy crude oil to RIL's two refineries in Jamnagar under a 15–year
crude oil supply contract.