HAVELLS

Havells India Limited is a prominent and widely recognized electrical and power
distribution equipment manufacturer based in India. Established in 1958, Havells
has grown to become one of the country's leading consumer electrical goods and
industrial products companies. With its headquarters in Noida, Uttar Pradesh,
Havells has expanded its presence not only in India but also globally, making it a
trusted and respected brand in the electrical industry.
Havells India is known for its extensive range of high-quality products, including
wiring accessories, electrical switches, lighting solutions, home appliances,
industrial and domestic circuit protection devices, cables, fans, and a wide variety
of other electrical equipment. The company has consistently upheld a commitment
to innovation, quality, and customer satisfaction, earning it a reputation for
reliability and excellence in the industry.
Over the years, Havells has focused on technological advancements and
sustainable practices, making it a key player in promoting energy-efficient and
eco-friendly electrical solutions. With a strong distribution network and a vast
customer base, Havells has become a household name in India and has expanded
its presence in numerous countries across the globe.
Havells India Limited's dedication to delivering top-notch electrical solutions,
coupled with its commitment to corporate social responsibility and sustainability,
has solidified its position as a leader in the electrical industry in India and beyond.
HISTORY OF ORGANIZATION
Havells India Limited is a prominent electrical equipment company headquartered
in Noida, India. The company has a rich history that dates back several decades:

1.Foundation (1958): The journey of Havells began in 1958 when Qimat Rai
Gupta founded the company as "Havell's" in Delhi, India. It started as a small
electrical trading business, primarily dealing in electrical cables and wires.
2. Growth and Diversification (1971-1983): In the early 1970s, Havells started
manufacturing various electrical products, including switchgear, capacitors, and
compact fluorescent lamps (CFLs). This period marked the company's expansion
and diversification into different product categories.
3.Branding (1983): In 1983, the company adopted the name "Havells" and
launched a major branding campaign. This step played a crucial role in establishing
Havells as a well-known and trusted brand in the Indian electrical industry.
4. Export Expansion (1990s):In the 1990s, Havells started exporting its products
to international markets, further enhancing its presence globally. The company's
commitment to quality and innovation helped it gain recognition beyond India's
borders.
5. Acquisitions and Growth (2000s): Havells made several strategic acquisitions
during the 2000s, including the acquisition of companies like Sylvania and
Standard Electricals, which expanded its product portfolio and global reach. These
acquisitions made Havells a more diversified electrical conglomerate.
6. Innovation and Sustainability (2010s): In the 2010s, Havells continued to
focus on innovation and sustainability. The company introduced energy-efficient
products and made efforts to reduce its environmental footprint.
7.Recent Developments: Havells India Limited has remained a leader in the
electrical equipment industry, offering a wide range of products such as switches,
lighting, fans, cables, and home appliances. The company continues to expand its
operations globally and innovate in areas like smart homes and automation.
Havells has been recognized for its commitment to quality, innovation, and ethical
business practices. It has won numerous awards and accolades for its contributions
to the electrical industry and society at large.
Promoting body

Havells India is a leading electrical goods company that manufactures a wide range
of products, such as fans, water heaters, cables, switches, and appliances. The
company has a strong presence in India and abroad, with over 14 manufacturing
plants and a network of over 8000 dealers.

The promoting body of Havells India is the Gupta family, who own about 60% of
the company’s shares. The founder of Havells India was Qimat Rai Gupta, who
started the business in 1958 with a small shop in Delhi. He gradually expanded the
company by acquiring other brands and entering new markets. He was known for
his visionary leadership, entrepreneurial spirit, and social responsibility. He passed
away in 2014, leaving behind a legacy of excellence and innovation.

The current chairman and managing director of Havells India is Anil Rai Gupta,
the son of Qimat Rai Gupta. He joined the company in 1992 and has been
instrumental in its growth and diversification. He has led the company’s foray into
new segments, such as lighting, consumer durables, and personal grooming. He has
also spearheaded the company’s global expansion, acquiring brands like Sylvania,
Crabtree, and Lloyd. He is also involved in various philanthropic initiatives, such
as providing free mid-day meals to school children, promoting education and
health care, and supporting environmental causes.

The other members of the promoting body of Havells India are Ameet Gupta and
Surjit Kumar Gupta, the brothers of Anil Rai Gupta. They are also directors of
the company and hold significant stakes in it. They are responsible for overseeing
various aspects of the company’s operations, such as marketing, finance,
distribution, and quality. They are also active in social welfare activities, such as
supporting rural development, women empowerment, and sports.

Havells India is a company that is driven by the vision and values of its promoters.
The company aims to provide quality products and services to its customers, while
also contributing to the society and the environment. The company’s motto is
“Making a difference”, which reflects its commitment to excellence and social
responsibility.
Area of operation

Havells India is a leading electrical goods company that operates in various

segments, such as switchgears, cables, lighting and fixtures, electrical consumer
durables, and other appliances. The company has a strong presence in India and
abroad, with over 14 manufacturing plants and a network of over 8000 dealers.

The company’s area of operations covers both domestic and international markets.
In India, the company has five strategic business units that manage different
product categories and regions. The company also has a dedicated export division
that caters to the overseas markets 2. The company’s products are available in over
60 countries, including Europe, Latin America, Africa, Asia Pacific, and the
Middle East.

The company’s area of operations is driven by its vision of making a difference in

the lives of its customers, employees, and society. The company is committed to
providing quality products and services that are energy-efficient, innovative, and
environmentally friendly. The company also invests in various social and
environmental initiatives, such as providing mid-day meals to school children,
promoting education and health care, supporting rural development and women
empowerment, and reducing its carbon footprint .
Organizational structure

The organizational structure of Havells India is based on its various product

segments, business units, and geographical regions. The company has five strategic
business units (SBUs) that manage different product categories and regions. These
are:

 Switchgear SBU: This SBU handles the industrial and domestic circuit
protection devices, such as MCBs, RCCBs, ACBs, MCCBs, and switch
disconnectors. It also offers power distribution solutions, such as distribution
boards, panel boards, and busway systems.

 Cable SBU: This SBU deals with the cables and wires segment, which
includes low voltage and high voltage power cables, flexible cables, fire
survival cables, solar cables, and communication cables.

 Lighting and Fixtures SBU: This SBU covers the lighting and fixtures
segment, which includes LED lamps, luminaires, street lights, flood lights,
landscape lights, and smart lighting solutions.

 Electrical Consumer Durables SBU: This SBU encompasses the electrical

consumer durables segment, which includes fans, water heaters, air coolers,
air purifiers, pumps, and motors.

 Lloyd Consumer SBU: This SBU handles the Lloyd brand of products,
which includes air conditioners, refrigerators, washing machines, televisions,
and other appliances.
Each SBU has its own head who reports to the chairman and managing director of
Havells India. The company also has a dedicated export division that caters to the
overseas markets. The company’s products are available in over 60 countries,
including Europe, Latin America, Africa, Asia Pacific, and the Middle East.

The company’s board of directors consists of 15 members, out of which 10 are

independent directors. The board is headed by Anil Rai Gupta, the chairman and
managing director of Havells India. The board oversees the overall governance and
performance of the company.

The company’s organizational structure is designed to achieve operational

efficiency, customer satisfaction, and innovation. The company follows a
decentralized approach that empowers its employees to take decisions and act as
entrepreneurs. The company also fosters a culture of teamwork, collaboration, and
learning among its employees.

BOARD OF DIRECTORS

Havells India Limited is a Fast Moving Electrical Goods (FMEG) Company with
an extremely strong global presence, thanks to our philosophy of Make in India,
extensive distribution network and world class quality.

Anil Rai Gupta

Chairman And Managing Director
Surjit Kumar Gupta
Non-Executive Non-Independent Director

Ameet Kumar Gupta

Whole-Time Director

Rajesh Kumar Gupta

Whole-Time Director (Finance) and Group CFO

Jalaj Ashwin Dani

Independent Director

T.V. Mohandas Pai

Non-Executive Non-Independent Director
Puneet Bhatia
Non-Executive Non-Independent Director

Upendra Kumar Sinha

Independent Director

Siddhartha Pandit
Whole-time Director

Subhash S Mundra
Independent Director
B Prasada Rao
Independent Director

Vivek Mehra
Independent Director

Namrata Kaul
Independent Director

Ashish Bharat Ram

Independent Director

PRODUCT LINE
The product line of Havells India consists of various electrical goods and
appliances that cater to the needs of domestic and industrial customers. The
company operates in five major segments: switchgear, cable, lighting and fixtures,
electrical consumer durables, and Lloyd consumer. Some of the products offered
by the company under each segment are:

 Switchgear: This segment includes industrial and domestic circuit

protection devices, such as MCBs, RCCBs, ACBs, MCCBs, and switch
 disconnectors. It also offers power distribution solutions, such as distribution
boards, panel boards, and busway systems.

 Cable: This segment covers the cables and wires segment, which includes
low voltage and high voltage power cables, flexible cables, fire survival
cables, solar cables, and communication cables. Havells wires portfolio
includes HRFR (Heat Resistant Flame-Retardant cables), FRLSH (Flame
retardant low smoke and halogen), HFFR (Halogen Free Flame Retardant),
FR (Flame retardant), Multicore round cables, Flat submersible cables,
Telecom switch board, Coaxial cables, LAN cables, CCTV cables and
speaker cables.

 Lighting and Fixtures: This segment encompasses the lighting and fixtures
segment, which includes LED lamps, luminaires, street lights, flood lights,
landscape lights, and smart lighting solutions. The company also offers
professional lighting solutions for various sectors, such as retail, hospitality,
healthcare, education, and industrial.

 Electrical Consumer Durables: This segment comprises the electrical

consumer durables segment, which includes fans, water heaters, air coolers,
air purifiers, pumps, and motors. The company also offers a range of home
and kitchen appliances, such as mixer grinders, juicers, toasters, irons,
kettles, coffee makers, sandwich makers, induction cooktops, ovens,
cookers, blenders, choppers, food processors, hand blenders.

 Lloyd Consumer: This segment handles the Lloyd brand of products, which
includes air conditioners, refrigerators, washing machines, televisions, and
other appliances. The company also offers smart home solutions that enable
users to control their appliances through voice or app.

Havells India is a leading electrical goods company that offers a wide range of
products that are energy-efficient, innovative, and environmentally friendly.
Competitor

Some of the competitors of Havells India are:

 Exide Industries: Exide Industries is a storage battery producing company

that offers products for automotive, industrial, and solar applications. It also
provides inverter batteries, genset batteries, and home UPS systems.

 CG Power and Industrial Solutions: CG Power and Industrial Solutions

(formerly known as Crompton Greaves) is a company that specializes in the
management and application of electrical energy. It offers products and
solutions for power generation, transmission, distribution, and utilization. It
also provides transformers, switchgears, motors, drives, and automation
systems.

 Bajaj Electricals: Bajaj Electricals is a manufacturer of consumer

electronics that offers products such as fans, lighting, appliances, and
cookware. It also provides engineering and project solutions for power
distribution, illumination, and rural electrification.

 Amara Raja: Amara Raja is a business conglomerate that operates in

various sectors, such as electronics, food and beverages, and power projects.
It offers batteries, electronic components, packaged foods, dairy products,
and solar power solutions.

 Maini Precision Products: Maini Precision Products is a company that

manufactures precision components and assemblies for various industries,
such as automotive, aerospace, medical, and energy. It also offers
engineering solutions, such as design, prototyping, testing, and validation.
  Polycab India: Polycab India is a company that produces wires, cables, and
fast-moving electrical goods (FMEG). It also offers products such as fans,
lighting, switches, pumps, and solar products.

 V-Guard Industries: V-Guard Industries is a company that provides

electrical and electronic products for residential and commercial
applications. It also offers products such as stabilizers, inverters, UPS
systems, water heaters, and kitchen appliances.

 Whirlpool of India: Whirlpool of India is a subsidiary of Whirlpool

Corporation, a global manufacturer of home appliances. It also offers
products such as refrigerators, washing machines, air conditioners,
microwaves, and water purifiers.

These are some of the companies that compete with Havells India in the electrical
goods market. Havells India has a strong presence in India and abroad, with over
14 manufacturing plants and a network of over 8000 dealers. It offers a wide range
of products that are energy-efficient, innovative, and environmentally friendly. It
also invests in various social and environmental initiatives, such as providing mid-
day meals to school children, promoting education and health care, supporting
rural development and women empowerment, and reducing its carbon footprint.
Havells India’s motto is “Making a difference”, which reflects its commitment to
excellence and social responsibility.
News analysis

Here is a summary of the news analysis for Havells India, a leading electrical
goods company in India:

 Havells India shares gain 0.74% as Sensex falls: The recent news reports
that Havells India shares rose by 0.74% to close at Rs 1,411.35 on October
5, 2023, while the benchmark Sensex fell by 0.16% to end at 59,015.89. The
article attributes the rise in Havells India shares to its strong quarterly results
and positive outlook.

 This analyst recommends buying Interglobe Aviation and Havells India —

here’s why. The article features the views of an analyst from ICICI Direct,
who recommends buying Interglobe Aviation and Havells India stocks. The
analyst says that Interglobe Aviation has a strong market share and recovery
potential in the aviation sector, while Havells India has a robust and healthy
structure in the electrical goods sector. The analyst also gives the target
prices and time frames for both the stocks.

 A 5x increase in Indians earning over Rs 5 lakh is driving India’s

consumption surge: The article analyses the data from the Income Tax
department, which shows that the number of individuals earning above Rs 5
lakh per annum has increased by five times from 3.8 million in FY12 to 18
million in FY21. The article says that this increase reflects the rising income
levels and consumption patterns of Indians, which benefits companies like
Havells India that cater to the consumer durables segment.

 Keen on Havells 25 litre geyser? Price analysis of top 8 options in October

2023: The article compares the prices and features of eight models of
Havells 25-litre geysers available in the market. The article says that Havells
geysers offer ample storage for hot water needs while bringing new and
modern features, such as remote control and heating without any heating
element. The article also gives the pros and cons of each model and suggests
the best one according to the budget and preference of the buyer.
  Havells India shares approach 52-week high as UBS turns bullish; all eyes
on Q1 earnings: The article reports that Havells India shares rose by 2.6% to
Rs 1,424.95 on July 18, 2023, nearing its 52-week high of Rs 1,465.85. The
article says that the rise was driven by a bullish report from UBS, which
upgraded its rating on Havells India from neutral to buy and raised its target
price from Rs 1,300 to Rs 1,600. The article also says that investors are
awaiting the Q1 earnings of Havells India, which are expected to be strong
due to its diversified product portfolio and resilient demand.

Brief outline

The industry of Havells India is electrical equipment and home appliances. Havells
India is a leading Fast Moving Electrical Goods (FMEG) Company and a major
power distribution equipment manufacturer with a strong global presence. The
company operates in five major segments: switchgear, cable, lighting and fixtures,
electrical consumer durables, and Lloyd consumer.

The company manufactures products such as industrial and domestic circuit

protection devices, cables and wires, LED lamps, luminaires, street lights, flood
lights, landscape lights, smart lighting solutions, fans, water heaters, air coolers, air
purifiers, pumps, motors, home and kitchen appliances, air conditioners,
refrigerators, washing machines, televisions, and other appliances. The company
also offers professional lighting solutions for various sectors, such as retail,
hospitality, healthcare, education, and industrial.

The company has 23 branches or representative offices with over 6,000 workers in
over 50 countries. The company has 14 state-of-the-art manufacturing plants in
India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and
Bengaluru. The company also has a dedicated export division that caters to the
overseas markets.

The company is committed to providing quality products and services that are
energy-efficient, innovative, and environmentally friendly. The company also
invests in various social and environmental initiatives.
 RELIANCE INDUSTRIES

Reliance Industries Limited (RIL) is one of India's largest and most diversified conglomerates.
Founded by Dhirubhai Ambani, it has interests in petrochemicals, refining, oil and gas
exploration, telecommunications, retail, and more.

RIL's subsidiaries and businesses include Reliance Jio, Reliance Retail, and various ventures in
energy and technology sectors. RIL has played a significant role in transforming India's
telecommunications landscape with the launch of Reliance Jio, offering affordable high-speed
internet and digital services.

The company is known for its innovative and strategic approach to business, making it a
prominent player in various industries.

HISTORY OF ORGANISATION

Reliance Industries Limited (RIL) is one of India's largest and most prominent conglomerates,
with interests spanning various industries, including petrochemicals, refining, oil and gas
exploration, retail, telecommunications, and more. Here's a brief history of Reliance Industries:
1. Founding of Reliance: Reliance Industries was founded by Dhirubhai Ambani in 1966 as a
small textile trading company in Mumbai, India. Dhirubhai Ambani, a visionary entrepreneur,
aimed to revolutionize the Indian textile industry by making textiles affordable to the masses.
2. Expansion into Textile Manufacturing: In the 1970s, Reliance expanded into textile
manufacturing, setting up its first textile mill in Naroda, Gujarat. The company rapidly grew and
became one of India's leading textile manufacturers.
3. Diversification into Petrochemicals: In the 1980s, Reliance started diversifying into the
petrochemicals sector. It commissioned its first petrochemical plant at Patalganga, Maharashtra,
in 1986. This marked the beginning of the company's journey into the energy and petrochemical
sectors.
4. Entry into Telecommunications: In 2002, Reliance entered the telecommunications industry
with the launch of Reliance Infocomm (now known as Jio). It disrupted the Indian telecom
market by offering affordable and high-quality services, leading to significant growth in the
telecom division.
5. Expansion into Retail: Reliance Retail, the retail arm of Reliance Industries, was established
in 2006. It quickly grew to become one of India's largest retail chains, offering a wide range of
products, including grocery, electronics, fashion, and more.
6. Oil and Gas Exploration: Reliance Industries ventured into oil and gas exploration and
production, both in India and internationally. The company discovered significant reserves of
natural gas in the Krishna-Godavari Basin, off the eastern coast of India, which contributed to its
growing energy portfolio.
7. Growth and Acquisitions: Over the years, Reliance Industries continued to grow and
diversify through various acquisitions, including the takeover of businesses in the energy, retail,
and telecommunications sectors.
8. Jio's Disruption: Reliance Jio, the telecom subsidiary of RIL, played a game-changing role in
the Indian telecom industry by offering affordable 4G data services, causing a massive disruption
and leading to widespread adoption of high-speed internet in the country.
9. Global Expansion: Reliance Industries expanded its presence beyond India, including
investments in the United States and partnerships with global technology giants like Facebook
(now Meta) and Google.
10. Ongoing Innovations: Reliance Industries has continued to innovate and invest in various
sectors, including renewable energy, digital services, and e-commerce, positioning itself as a key
player in India's rapidly evolving business landscape.
Reliance Industries under the leadership of Mukesh Ambani, Dhirubhai Ambani's son, remained
a dynamic and influential conglomerate with a significant impact on India's economy and
business landscape
Promoting body

Reliance Industries Limited (RIL) is a publicly traded company, and its promotion and
governance are overseen by its board of directors, shareholders, and senior management. Here
are the key entities involved in promoting and governing Reliance Industries:

1. Board of Directors: The board of directors is responsible for overseeing the company's
management and ensuring that it operates in the best interests of shareholders. The board
comprises a mix of executive and non-executive directors, including independent directors. The
Chairman and Managing Director of RIL, is Mukesh Ambani. The board sets the strategic
direction for the company and makes key decisions regarding its operations and growth.
2. Shareholders: The shareholders of Reliance Industries are the ultimate owners of the
company. They have the power to elect the board of directors and vote on major corporate
decisions at annual general meetings (AGMs) and extraordinary general meetings (EGMs). The
Ambani family, including Mukesh Ambani and Anil Ambani, have historically been significant
shareholders in the company.
3. Senior Management: The senior management team of RIL includes top executives
responsible for the day-to-day operations and strategic direction of the company. This includes
the Managing Director, Chief Financial Officer, heads of various business divisions, and other
key leaders.
4.Regulatory Authorities: Reliance Industries operates under the regulatory framework of
India's Ministry of Corporate Affairs, the Securities and Exchange Board of India (SEBI), and
other relevant regulatory bodies. It is required to comply with Indian corporate governance
regulations and provide periodic financial and operational disclosures to shareholders and
regulatory authorities.
5.Independent Auditors: The company engages independent auditing firms to conduct annual
financial audits and provide assurance on the accuracy and fairness of its financial statements.
These auditors play a critical role in ensuring transparency and compliance with accounting
standards.
6. Financial Institutions and Creditors: Reliance Industries has relationships with various
financial institutions, banks, and creditors who may provide financing and credit facilities for its
operations and expansion projects.
7. Corporate Governance: RIL is committed to maintaining high standards of corporate
governance. It has an Audit Committee, Nomination and Remuneration Committee, and other
committees composed of independent directors to ensure transparency and ethical business
practices.
8.Stakeholder Engagement: The company engages with various stakeholders, including
employees, customers, suppliers, and the communities in which it operates. Reliance Industries
seeks to maintain positive relationships and address the interests and concerns of all
stakeholders.

It's important to note that Reliance Industries is a publicly traded company listed on stock
exchanges in India, and its corporate governance practices are subject to Indian regulatory
requirements and international best practices.
Any significant changes in its governance structure or promotion would be communicated to
shareholders and made public through regulatory filings and announcements

AREA OF OPERATION

Reliance Industries Limited (RIL) operates in a wide range of sectors and has a significant
presence in various areas of the Indian and global economy. Here are the primary areas of
operations for Reliance Industries:
1. Petrochemicals: RIL is one of the largest producers of petrochemicals in the world. It
manufactures a wide range of petrochemical products, including polyethylene, polypropylene,
PVC, polyester, and more. The company has several petrochemical manufacturing facilities in
India.
2. Refining: Reliance operates one of the world's largest refining complexes at Jamnagar,
Gujarat. The Jamnagar Refinery has a significant capacity for processing crude oil and producing
various refined products, such as gasoline, diesel, and jet fuel.
3. Oil and Gas Exploration: Reliance has been involved in oil and gas exploration and
production activities both in India and internationally. It has made significant discoveries of oil
and natural gas reserves in the Krishna-Godavari Basin and elsewhere.
4. Telecommunications: Reliance Jio, a subsidiary of RIL, is a major player in the Indian
telecommunications industry. Jio offers 4G and 5G services, broadband internet, and a range of
digital services, including JioTV and JioSaavn.
5. Retail: Reliance Retail is one of India's largest and fastest-growing retail chains. It operates
various formats, including Reliance Fresh (grocery), Reliance Digital (electronics), Reliance
Trends (fashion), and Reliance Smart (supermarkets).
6. Digital Services: RIL's digital arm includes various digital services and applications, such as
JioMart (e-commerce), JioMeet (video conferencing), JioFiber (broadband services), and more.
The company is also actively involved in developing digital solutions and technologies.
7. Renewable Energy: Reliance is making significant investments in the renewable energy
sector, including solar and wind power projects, as part of its commitment to sustainability and
reducing carbon emissions.
8. Media and Entertainment: RIL owns and operates a range of media and entertainment
businesses, including Network18, Viacom18, and various TV channels, film production, and
digital media platforms.
9. Financial Services: Through its subsidiary Reliance Capital, the company has been involved
in financial services, including asset management, insurance, and consumer finance. However, it
has been restructuring its financial services business in recent years.
10. Global Ventures: Reliance has been actively exploring global opportunities and
partnerships, including collaborations with technology giants like Facebook (now Meta) and
Google.
ORGANISATIONAL STRUCTURE

Reliance Industries Limited (RIL) is a conglomerate that operates in various sectors such as
petroleum, polyester, chemicals, synthetic textiles, and fabrics. The company is owned by
Mukesh Ambani and has 155 brands and products 1. RIL has a tall organizational structure with a
vertical hierarchy. The company has 110 brands and products, and partnerships with 45
companies.

The following table provides an overview of RIL’s subsidiaries:

Sector Subsidiaries

Reliance Gas, Reliance Petroleum Retail, Reliance Aviation, Auto

Petroleum LPG, Reliance Trans Connect, Avon Plaza, Quick Mart, Refresh
and Relstar

Rickorn, Rickorn IDY, Rickorn HHT, Rickorn Fancy, Rickorn

Polyester SuperBlack, Rickorn Super Micro, Rickorn Fiberfill, Rickorn 3S,
Rickorn Feelfresh

Chemicals Relab

Synthetic Textiles
Only Vimal, Nice, H Lewis, Dio 2, Vimil Gifting
and Fabrics
some of the key features of the organisational structure of Reliance Industries are:

The company is led by *Mukesh Ambani, who is the Chairman and Managing Director. He
is supported by a board of directors, which consists of 13 members, including 8 independent
directors and 5 executive directors. The board oversees the strategic direction, governance and
performance of the company.
The company has put in place an internal governance structure with defined roles and
responsibilities of every constituent of the system. The company’s shareholders appoint the
board of directors, which in turn governs the company. The board has established various
committees to discharge its responsibilities in an effective manner.
The company has a vertical hierarchy and a tall structure, which means that the management
withholds the decision making authority, and directly controls the employees’ work behavior ⁴.
The company has a centralized and formalised system of communication and coordination,
which ensures efficiency and standardization.
The company has a disciplined work culture, which emphasizes on excellence, innovation,
integrity and customer satisfaction. The company also fosters a culture of learning and
development, which enables its employees to acquire new skills and knowledge.
The company has a diversified business portfolio, which comprises of various segments such as
exploration and production, refining and marketing, petrochemicals, retail, digital services,
media and entertainment. Each segment has its own business head, who reports to the executive
director or the chairman. The segments are further divided into sub-segments or subsidiaries,
which have their own brands, products and services.

PRODUCT LINE

Reliance Industries Limited (RIL) has a diverse product line that spans several sectors. Here's an
overview of some of the key product lines and sectors in which Reliance Industries operates:

1. Petrochemicals:
- Polyethylene
- Polypropylene
- Polyester
- Polyvinyl Chloride (PVC)
- Polystyrene
- Chemical intermediates and derivatives

2. Refining and Oil Products:

- Various refined petroleum products such as gasoline, diesel, jet fuel, and liquefied petroleum
gas (LPG)

3. Telecommunications and Digital Services (through Reliance Jio):

- 4G and 5G mobile services
- Broadband and fiber-optic internet
- JioPhone and other mobile devices
- JioMart (e-commerce platform)
 - JioMeet (video conferencing)
- JioSaavn (music streaming)
- JioCinema (video-on-demand)
4. Retail (through Reliance Retail):
- Grocery and convenience stores (Reliance Fresh)
- Electronics and appliances (Reliance Digital)
- Fashion and apparel (Reliance Trends)
- Supermarkets (Reliance Smart)
- Hypermarkets (Reliance Market)

5. Digital Services:
- JioMart (e-commerce)
- JioMoney (digital payments)
- JioFiber (broadband services)
- JioTV (digital TV streaming)
- JioNews (news aggregator)

6. Oil and Gas Exploration and Production:

- Exploration and production of oil and natural gas reserves, both in India and internationally

7. Renewable Energy:
- Solar and wind power generation projects

8. Media and Entertainment (through Network18 and Viacom18):

- Television broadcasting
- Film production and distribution
- Digital media platforms and content production
9. Life Sciences and Biotechnology (through Reliance Life Sciences):
- Biotechnology research and development
- Pharmaceuticals

10. Financial Services (formerly through Reliance Capital, but it has been divested):
- Asset management
- Insurance
- Consumer finance

11. Global Ventures:

- Collaborations and investments with global technology companies such as Facebook (now
Meta) and Google

12. Chemicals and Downstream Industries:

- Various chemical products and downstream industries, including specialty chemicals

13. Infrastructure and Construction:

- Engineering, procurement, and construction (EPC) services for various sectors

14. Textiles and Apparel:

- Textile manufacturing and apparel production (though RIL has significantly reduced its
presence in this sector over the years)
COMPETITOR

Reliance Industries Limited (RIL) operates in a wide range of sectors, and its competitors vary
depending on the specific industry and segment. Here are some of the key competitors in various
sectors where Reliance Industries is active:

1. Petrochemicals and Refining:

- Indian Oil Corporation (IOC)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
- Adani Group (Adani Petrochemicals)

2. Telecommunications and Digital Services (Reliance Jio):

- Bharti Airtel
- Vodafone Idea (now Vi)
- BSNL (Bharat Sanchar Nigam Limited)
- Tata Teleservices
- Various regional and local telecom operators

3. Retail (Reliance Retail):

- Future Group (now part of Reliance Retail)
- Aditya Birla Retail (More)
- Walmart (Flipkart)
- Amazon India
- DMart

4. Oil and Gas Exploration and Production:

- Oil and Natural Gas Corporation (ONGC)
- Cairn Oil & Gas (Vedanta Group)
5. Renewable Energy:
- Adani Green Energy
- Tata Power Renewable Energy
- Greenko Group
- Azure Power

6. Media and Entertainment (Network18 and Viacom18):

- Zee Entertainment Enterprises Limited
- Sony Pictures Networks India
- Star India (part of Disney)

7. Life Sciences and Pharmaceuticals (Reliance Life Sciences):

- Dr. Reddy's Laboratories
- Sun Pharmaceutical Industries
- Cipla
- Biocon

8. Financial Services (Reliance Capital, divested):

- HDFC Bank
- ICICI Bank
- State Bank of India (SBI)
- Kotak Mahindra Bank

9. Chemicals and Downstream Industries:

- BASF India
- Aditya Birla Chemicals
- Tata Chemicals
- Dow Chemical Company
10. Infrastructure and Construction:
- Larsen & Toubro (L&T)
- Adani Group
- Tata Projects
- Shapoorji Pallonji

11. Textiles and Apparel:

- Aditya Birla Fashion & Retail
- Arvind Limited
- Raymond Group
- Future Lifestyle Fashions

12. **Global Ventures**:

- In global ventures and collaborations, Reliance Industries competes with various
international players across different sectors.

Please note that the competitive landscape in each sector is dynamic, and competition can vary
by region and market segment. Additionally, RIL's diverse business interests mean that it faces
different competitors in each of its operating sectors.

NEWS ANALYSIS

Here is a summary of the latest news and analysis on Reliance Industries, one of India's largest
and most diversified conglomerates:

Reliance Industries (RIL) shares fell 3% to Rs 2,461.6 on Wednesday, September 20, 2023, amid
reports of a block deal executed on the counter. As per reports, 0.3% equity shares of RIL
changed hands in a block deal. The buyers and sellers in the deal are not known.
Morgan Stanley maintained its 'overweight' rating on RIL with a price target of Rs 2,820 per
share, citing its strong growth prospects in digital, retail and energy segments. The brokerage
house also said that RIL is well-positioned to benefit from the recovery in oil demand and
refining margins.
RIL announced that it will temporarily shut some units at its Jamnagar refinery complex for
maintenance from September 15 to October 15, 2023. The company said that the shutdown will
not affect its ability to meet its contractual obligations to customers.
KKR, a global investment firm, increased its stake in Reliance Retail Ventures Ltd (RRVL), a
subsidiary of RIL, by acquiring an additional 1.28% equity stake for Rs 10,730 crore. This brings
KKR's total stake in RRVL to 2.32%, valuing the retail arm of RIL at Rs 8.36 lakh crore.
Jefferies, another brokerage firm, raised its target price on RIL by 27% to Rs 2,950 per share,
maintaining its 'buy' rating. The firm said that RIL's valuation is 'favourable' after the recent
correction and that it sees a $7-10 billion revenue opportunity for JioAirFiber, RIL's broadband
service.

OUTLINE
Reliance Industries Limited (RIL) is one of India's largest and most diversified conglomerates
with a significant global presence. Here's a brief outline of Reliance Industries:

RIL was Founded by Dhirubhai Ambani in 1966 as a small textile trading company in Mumbai,
India, Reliance started as Reliance Commercial Corporation. It rapidly expanded into textile
manufacturing and became one of the leading textile producers in India.
In the 1980s, Reliance ventured into petrochemicals by establishing manufacturing units for a
range of petrochemical products, including polyester and polyethylene. This marked the
company's first major diversification outside of textiles.
Reliance built the world's largest grassroots refinery at Jamnagar, Gujarat, in the late 1990s. The
Jamnagar Refinery complex has since been a critical part of RIL's operations and is known for its
scale and technological advancements.
In 2002, Reliance entered the telecommunications sector with the launch of Reliance Infocomm,
which later became Reliance Communications. This venture marked the beginning of Reliance's
significant role in transforming the Indian telecom industry.
Reliance Retail, the retail arm of RIL, was founded in 2006. It has grown rapidly to become one
of India's largest retail chains, operating across various formats, including grocery stores,
electronics outlets, and fashion stores.
In 2016, Reliance Jio, the telecom subsidiary of RIL, launched its 4G services, causing a major
disruption in the Indian telecommunications market by offering affordable high-speed data and
free voice calls. Jio has since become a dominant player in the sector.
 BAJAJ HOUSING FINANCE LIMITED

Bajaj Housing Finance Limited (BHFL) is a prominent financial institution in India

that primarily focuses on providing a wide range of housing finance solutions to
individuals and businesses.

A subsidiary of Bajaj Finance Limited, BHFL offers various financial products and
services, including home loans, loan against property, and other mortgage-related
offerings.

The company is known for its customer-centric approach, competitive interest

rates, and quick loan processing. Bajaj Housing Finance Limited plays a significant
role in making homeownership more accessible to a diverse range of customers in
India.

Bajaj Housing Finance Limited (BHFL) is a prominent non-banking financial

company (NBFC) in India, specializing in housing finance and related solutions.
As a subsidiary of Bajaj Finance Limited, one of India's leading NBFCs, BHFL
focuses on making homeownership and property-related financing accessible and
hassle-free for a diverse clientele.
BHFL's core offerings include home loans, loans against property, and other
mortgage-based financial products. They are known for their customer-centric
approach, offering competitive interest rates, efficient loan processing, and a
commitment to providing a seamless borrowing experience.

HISTORY OF ORGANISATION

Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited, a prominent
Indian non-banking financial company (NBFC). While BHFL's history is closely tied to its
parent company, here's an overview of its development:

1. Establishment and Background:

Bajaj Finance Limited (BFL) is a part of the Bajaj Group, a well-known Indian conglomerate.
BFL has a history dating back to 1987 when it was initially established as Bajaj Auto Finance.
Initially, the company primarily focused on financing two-wheelers.

2. Diversification:

Over the years, Bajaj Finance Limited expanded its product portfolio and became a leading
NBFC in India, offering a wide range of financial products, including consumer loans, personal
loans, business loans, and more.

3. Entry into Housing Finance:

Bajaj Housing Finance Limited (BHFL) emerged as a subsidiary of BFL to tap into the growing
housing finance sector in India. This strategic move allowed the Bajaj Group to offer a
comprehensive suite of financial services.

4. Housing Finance Solutions:

BHFL was specifically established to cater to the housing finance needs of individuals and
businesses. It offers home loans, loans against property, and other mortgage-based financial
products.

5. Customer-Centric Approach:

BHFL is known for its customer-centric approach, providing competitive interest rates, efficient
loan processing, and a commitment to customer satisfaction. It aims to make the home loan
application and approval process as smooth as possible.

6. Ongoing Growth and Development:

 - BHFL continues to grow and expand its presence in the Indian housing finance market,
contributing to real estate growth by providing accessible and affordable housing finance
solutions.

PROMOTING BODIES

Bajaj Housing Finance Limited (BHFL) is a subsidiary of Bajaj Finance Limited (BFL), one of
India's prominent non-banking financial companies (NBFCs). The Bajaj Group, led by the Bajaj
family, is the promoting body of BHFL.

The Bajaj Group is a well-established Indian conglomerate with a legacy spanning decades. It
has a significant presence in various sectors, including automobiles, financial services, insurance,
and more. The Bajaj family, particularly the leadership of Rahul Bajaj and now his son, Rajiv
Bajaj, has played a pivotal role in the growth and diversification of the group's businesses.

In the case of Bajaj Housing Finance Limited, the promoting body is the Bajaj Group, which is
responsible for its strategic direction, oversight, and integration within the broader group's
financial services portfolio. The Bajaj Group's reputation for trust and reliability has contributed
to the credibility and success of BHFL in the Indian financial services sector.
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