Analysis of Distribution Channel of Reliance Communications

Table of contents Chapter run through Chapter No Executive Summary 07 1) Introduction to the subject 08 1. 1) Theoretical insane asylum 09 1. ) reappraisal of literature 10 1. 3) Review abstr influence 12 2) Introduction of the diligence 14 2. ) Overview of industry 15 2. 2) Company profile 20 2. 3) line of work relationship of the federation 26 2. ) assent sort out and products 30 2. 5) Milestones 32 2. 6) performance of order 47 3) Objectives of study & research methodology 50 3. ) Objectives of study 51 3. 2) Research methodology 52 4) information presentation, analysis & interpretation 55 4. 1) Data interpretation of retailers survey 56 4. ) Data interpretation of customers survey 57 5) Summary, Conclusion and Recommendations 61 5. ) Summary 62 5. 2) Conclusion 63 5. ) Recommendations 64 Appendix 66 Questionnaire 67 SWOT analysis 70 Market kit and boodle Bibliography Executive summary I have done my summer training project under RELIANCE COMMUNICATIONS LTD. .It is an integrated, convergent high capacity digital net prune, connecting people at affordable rates. Ranked 846 in 2008 Forbes orbiculate 2000 list of companies, this tele dialogue run company was a Dhirubhai Ambani brain child. OBJECTIVES The foremost objective of my work is studying the retailers behaviour so that the other main objective of my project to promote the product and attach the visibility of the product by dint ofout the market that I had been provided can be achieved. So far I had excessively done promotional activities through with(predicate) print media and also did market survey and try to fetch out that how the product is performing in the market and try to find out weakness of the product. METHODOLOGYResearch Type Exploratory, Descriptive Research Data Source Primary Data Research Instrument Questionnaires Type of Questionnaire Structured Sampling Unit Retailer Sampli ng system Judgmental Contact Method Personal Interview Sample size 90 Respondents FINDINGS Availability is at 23% retailers 60% Respondents are satisfied with beliefComm. Company is re altogethery strict in providing POP to retailers. Company is slow in providing claims pending on retailers. RECOMMENDATIONS Company should pay more attention towards advertisement Company should use its potential for dispersion purpose through regular survey, quick solution, replacement and by providing for credit. Company should work for the interest of retailers. It can tin new escapes on sales and both(prenominal) occasional schemes also. CHAPTER 1 groundwork TO THE SUBJECT 1. 1)Theoretical Foundation DISTRIBUTION EXPANSION is the reason behind the growth and sale of the company. To flourish a company needfully to have a market and a proper distri only whenion channel. It begins right from the birth of the product to the ultimate utilization. Distribution expansion doesnt mean that to incr ease the number of retailers in the market, but it intend the one who demands for assurance can get it easily. It also means to increase the market share f the company and to capture and search for new market. While expanding the market we should also keep on working to retain our old clients. Whole distribution act is very systematic and complex. A delay in supply or order can stop the whole working of the market.There are many constraints in the market viz. shortage, distribution line of work, non availability, communication gap etc. that should be removed. Here I am foc development only on one problem i. e. problem in distribution- How to remove it and help company in Distribution expansion. The whole task is oriented towards the retailers survey, checking the availability of reliance runny products, and what are their complaints regarding the company. In the project I tried to find out the answers to the questions like- why there is a gap in distribution process, why some( prenominal) retailers are not ready to deal in reliance, and why the company is losing its customers. 1. 2)Review Of Literature conviction communication theory Limited Financial and Strategic depth psychology Review Description credence Communications Limited (RCOM) is engaged in providing wireline and wireless and convergent digital ne cardinalrk across India. The companys parentage includes wireless, broadband, boorish communication, reliance world, internet data centers, carrier business and infrastructure business. RCOM service c all overs close 20,000 towns and 450,000 villages. The company provides services across the entire communication look on mountain chain including services and infrastructure for individual, enterprise, applications, and consulting. RCOM has recently launched digital television services for its customers.Global Markets Directs faith Communications Limited Financial and Strategic Analysis Review is an in-depth business, strategic and pecuniary analysis of doctrine Communications Limited. The get across provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it bets going forward. Scope Provides key company information for business intelligence needs. The companys strengths and weaknesses and areas of development or decline are analyzed. Financial, strategic and operational factors are considered. The opportunities open to the company are considered and its growth potential assessed. Competitive or technological threats are highlighted. The report contains critical company information business structure and operations, the company history, study products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries. The report provides detailed monetary ratios for the past five yrs as well as interim ratios for the last four quarters. Financial ratios include profitability, margins and re childs plays, liquidity and leverage, financial position and dexterity ratios. Reasons to buy A quick one-stop-shop to understand the company. Enhance business/sales activities by understanding customers businesses better. Get detailed information and financial and strategic analysis on companies operating in your industry. Identify prospective partners and suppliers with key data on their businesses and locations. Capitalize on competitors weaknesses and target the market opportunities functional to them. Compare your companys financial trends with those of your peers / competitors. Scout for potential acquisition targets, with detailed insight into the companies strategic, financial and operational performance. Review Analysis pic Review Analysis pic CHAPTER 2 INTRODUCTION OF THE INDUSTRY 2. )Overv iew Of Industry telecom Industry in India history The telecom industry is one of the fastest growing industries in India. India has nearly 200 meg telephone lines making it the third largest interlocking in the world after(prenominal) China and USA. With a growth rate of 45%, Indian telecom industry has the highest growth rate in the world. History of Indian Telecommunications started in 1851 when the first operational land lines were laid by the government near Calcutta (seat of British power). squall services were introduced in India in 1881. In 1883 telephone services were merged with the postal system. Indian Radio Telegraph Company (IRT) was formed in 1923. afterward independence in 1947, all the foreign telecommunication companies were nationalized to form the Posts, Telephone and Telegraph (PTT), a monopoly run by the governments Ministry of Communications. Telecom sector was considered as a strategic service and the government considered it outperform to bring under s tates control. Growth The first wind of reforms in telecommunications sector began to flow in 1980s when the esoteric sector was allowed in telecommunications equipment manufacturing. In 1985, Department of Telecommunications (DOT) was established. It was an exclusive provider of domestic and long- aloofness service that would be its own regulator (separate from the postal system).In 1986, 2 wholly government-owned companies were created the Videsh Sanchar Nigam Limited (VSNL) for international telecommunications and Mahanagar Telephone Nigam Limited (MTNL) for service in metropolitan areas. In 1990s, telecommunications sector benefited from the general opening up of the economy. Also, examples of telecom renewing in many other countries, which expirationed in better quality of service and lower tariffs, led Indian policy makers to initiate a change process finally resulting in opening up of telecom services sector for the private sector. National Telecom Policy (NTP) 1994 was the first attempt to give a comprehensive roadmap for the Indian telecommunications sector. In 1997, Telecom Regulatory Authority of India (TRAI) was created. TRAI was formed to act as a regulator to facilitate the growth of the telecom sector. new-fashioned National Telecom Policy was adopted in 1999 and cellular services were also launched in the same year. Major Players The GSM sector is dominated by Airtel, Vodfone-Hutch, and supposition Cellular, while the CDMA sector is dominated by credence and Tata Indicom. Opening up of international and domestic long distance telephony services are the major(ip) growth drivers for cellular industry. Cellular operators get substantial revenue from these services, and compensate them for decline in tariffs on airtime, which along with rental was the main source of revenue. The reduction in tariffs for airtime, national long distance, international long distance, and handset prices has determined demand Service Providers Aircel assemblage pic Assam, Bihar, Chennai, Himachal Pradesh, Jammu & Kashmir, north East, Orissa, Tamil Nadu, double-u Bengal, Kolkata, Delhi, Kerala, Karnataka, Andra Pradesh,UP(E), UP(w), Mumbai http//www. aircel. om Bharti Airtel Limited pic Delhi (Metro), Mumbai (Metro), Kolkata (Metro), Chennai (Metro), Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Kerala, Karnataka, Madhya Pradesh, Maharashtra, North East, Orissa, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh (E), Uttar Pradesh (W), West Bengal. http//www. airtelworld. com LOOP rambling Ltd. pic Mumbai (Metro) http//www. bplmobile. com Vodafone Essar Limited pic Andhra Pradesh, Chennai (Metro), Delhi (Metro), Gujarat, Haryana, Karnataka, Kolkata (Metro), Mumbai (Metro), Punjab, Rajasthan, Uttar Pradesh (W), Uttar Pradesh (E), West Bengal, Maharatshtra, Tamilnadu, Kerala, Jam mu & Kashmir, Himachal Pradesh, Orissa, Bihar, Assam, North East, Madhya Pradesh. http//www. vodafone. om Idea Cellular Limited pic Delhi (Metro), Andhra Pradesh, Gujarat, Haryana, Himachal Pradesh, Maharashtra, Kerala, Madhya Pradesh, Rajasthan, Uttar Pradesh (E), Uttar Pradesh (W). http//www. ideacellular. om reliance Telecom Limited pic Assam, Bihar, Himachal Pradesh, Kolkata, Madhya Pradesh, North East, Orissa, and West Bengal. http//www. reliancemobile. com Spice Communications Limited pic Karnataka, Punjab http//www. spiceindia. om Datacomm - S Tel Ltd - Unitech Wireless Ltd - ByCell Telecommunications - Tata Teleservices Ltd pic - Etisalat DB Telecom Pvt.Ltd MARK ET SHARE Telecommunication sector in India can be divide into deuce segments Fixed Service Provider (FSPs), and Cellular Services. Fixed line services consist of basic services, national or domestic long distance and international long distance services. The state operators (BSNL and MTNL), account for almost 90 per cent of revenues from basic services. Private sector services are presently purchasable in selective urban areas, and collectively account for less than 5 per cent of subscriptions.However, private services focus on the business/corporate sector, and offer reliable, high- end services, such as leased lines, ISDN, closed user group and videoconferencing. Cellular services can be further divided into two categories Global System for Mobile Communications (GSM) and Code Division Multiple Access (CDMA). GSM Subscribers July 2009 Total GSM subscriber base reached 325. 0 million Service Provider Name Subscriber (Mn) Market Share (%) Bharti Airtel 105. 18 32. 9 Vodafone Essar 78. 68 24. 16 BSNL 50. 70 15. 57 IDEA 48. 2 14. 9 Aircel 23. 10 7. 09 conviction Telecom 12. 4 3. 94 MTNL 4. 33 1. 33 Loop Mobile 2. 5 0. 72 All India 325. 70 100 CURRENT MARKET SCENARIO creed Communications (formerly Reliance Communications Ventures) is one of Indias largest providers of integrated communications services.The company has more than 20 million customers and serves individual consumers, enterprises, and carriers, providing wireless, wireline, long distance, voice, data, and internet communications services through a number of operating subsidiaries. The company sells communications and digital entertainment products and services through its chain of Reliance Web man retail outlets. The companys Reliance Infocomm subsidiary provides wireless communications services throughout India. Reliance Communications is part of the Reliance indigo plant Dhirubhai Ambani Group. The current network expansion undertaken by Reliance is the largest wireless network expansion undertaken by any operator across the world. It was with this belief in mind that Reliance Communications (formerly Reliance Infocomm) started position 60,000 road kilometres of a pan-India fibre optic backbone.This backbone was com agencyed on 28 December 2002, the auspicious occasion of Dhirubhais 70th birthday, though deplorably after his unexpected demise on 6 July 2002. Reliance Communications has a reliable, high-capacity, integrated (both wireless and wire line) and convergent (voice, data and video) digital network. It is capable of delivering a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services for enterprises as well as individuals, applications, and consulting. Today, Reliance Communications is revolutionizing the way India communicates and networks, truly bringing active a new way of life.We will leverage our stren gths to execute complex global-scale projects to facilitate leading-edge information and communication services affordable to all individual consumers and businesses in India. We will offer unparalleled value to create customer delight and enhance business productivity. We will also generate value for our capabilities beyond Indian borders and enable millions of Indias knowledge workers to deliver their services globally. 2. 2)Companys profile Reliance Industries Limited (RIL) is Indias largest private sector company on all major financial parameters. It has emerged as the only Indian company in the list of global companies that create most value for their shareholders, published by Financial multiplication based on a global survey and research conducted by PricewaterhouseCoopers in 2004.RIL features in the Forbes Global list of worlds 400 best big companies and in FT Global 500 list of worlds largest companies. Reliance Infocomm is the outcome of late Dhirubhai Ambanis daydream of bringing somewhat a digital revolution in India that will bring to all(prenominal) Indians doorstep an affordable means of information and communication. Make the overlyls of infocomm available to people at an affordable cost. They will overcome the handicaps of illiteracy and lack of mobility, was how Dhirubhai, as he was fondly called, spelt out Reliance Infocomms mission in late 1999. He firmly believed the country could use information and communication technology to overcome its backwardness and underdevelopment.It was with this belief that Reliance Infocomm began laying its 60,000 itinerary kilometres of pan-India fibre optic backbone in 1999. The backbone was commissioned on December 28, 2002, Dhirubhais 70th birth anniversary, first since his sad demise on July 6, 2002. India s leading integrated telecom company. India s leading integrated telecom company Reliance Communications is the flagship company of the Anil Dhirubhai Ambani Group (ADAG) of companies. Listed on the National Stock Exchange and the Bombay Stock Exchange, it is Indias leading integrated telecommunication company with over 85 million customers. Our business encompasses a end up range of telecom services covering mobile and fixed line telephony.It includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications. Our constant endeavour is to achieve customer delight by enhancing the productivity of the enterprises and individuals we serve. Reliance Mobile (formerly Reliance India Mobile), launched on 28 December 2002, coinciding with the joyous occasion of the late Dhirubhai Ambanis 70th birthday, was among the initial initiatives of Reliance Communications. It marked the auspicious beginning of Dhirubhais dream of ushering in a digital revolution in India. Today, we can proudly claim that we were instrumental in harnessing the true power of information and communication, by bestowing it in the hands of the common man at affordable rates.We endeavour to further extend our efforts beyond the traditional value chain by developing and deploying complete telecom solutions for the entire spectrum of society. A dream come true The Late Dhirubhai Ambani dreamt of a digital India an India where the common man would have access to affordable means of information and communication. Dhirubhai, who single-handedly built Indias largest private sector company virtually from scratch, had stated as early as 1999 Make the tools of information and communication available to people at an affordable cost. They will overcome the handicaps of illiteracy and lack of mobility. It was with this belief in mind that Reliance Communications (formerly Reliance Infocomm) started laying 60,000 route kilometres of a pan-India fibre optic backbone.This backbone was commissioned on 28 December 2002, the auspicious occasion of Dhirubhais 70th birthday, though sadly after his unexpected demise on 6 July 2002. Reliance Communications has a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It is capable of delivering a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services for enterprises as well as individuals, applications, and consulting. Today, Reliance Communications is revolutionising the way India communicates and networks, truly bringing near a new way of life. Vision Of The Company We will leverage our strengths to execute complex global-scale projects to facilitate leading-edge information and communication services affordable to all individual consumers and businesses in India. We will offer unparalleled value to create customer delight and enhance business productivity. We will also generate value for our capabilities beyond Indian borders and enable millions of Indias knowledge workers to deliver their services global ly. Corporate Governance Organizations, like individuals, depend for their survival, sustenance and growth on the support and grace of God of the communities of which they are an integral part, and must pay back this generosity in every way they can This ethical standpoint, derived from the vision of our founder, lies at the heart of the CSR school of thought of the Reliance ADA Group.While we strongly believe that our primary obligation or duty as corporate entities is to our shareholders we are just as remindful of the fact that this imperative does not exist in isolation it is part of a much larger compact which we have with our entire body of stakeholders From employees, customers and vendors to business partners, eco-system, local communities, and society at large. We evaluate and assess each critical business decision or choice from the point of view of diverse stakeholder interest, driven by the need to minimize risk and to pro-actively portion out long-term social, e conomic and environmental costs and concerns. For us, beingness socially responsible is not an occasional act of charity or that one-time token financial contribution to the local school, hospital or environmental NGO. It is an ongoing year-round commitment, which is integrated into the very core of our business objectives and strategy. Because we believe that there is no contradiction between doing well and doing right.Indeed, doing right is a necessary condition for doing well. Chairmans Profile Anil D. Ambani pic Regarded as one of the foremost corporate leaders of contemporary India, Shri Anil D Ambani, 48, is the chairman of all listed companies of the Reliance ADA Group, namely, Reliance Communications, Reliance Capital, Reliance Energy and Reliance inwrought Resources limited. He is also Chairman of the get on of Governors of Dhirubhai Ambani Institute of Information and Communication Technology, Gandhi Nagar, Gujarat. Till recently, he also held the post of Vice Chairman and Managing Director of Reliance Industries Limited (RIL), Indias largest private sector enterprise.Anil D Ambani joined Reliance in 1983 as Co-Chief Executive Officer, and was centrally involved in every aspect of the companys management over the nigh 22 years. He is credited with having pioneered a number of path-breaking financial innovations in the Indian jacket crown markets. He spearheaded the countrys first forays into the overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. Starting in 1991, he directed Reliance Industries in its efforts to raise over US$ 2 billion. He also steered the 100-year Yankee bond issue for the company in January 1997. He is a member of == Wharton Board of Over overtakers, The Wharton School, USA = Central Advisory Committee, Central Electricity Regulatory Commission == Board of Governors, Indian Institute of Management, Ahmedabad == Board of Governors Indian Institute of Technology, Kanpur In June 2004, he was elected for a six-year term as an independent member of the Rajya Sabha, Upper House of Indias Parliament a position he chose to resign voluntarily on frame 25, 2006. Awards and Achievements == Conferred the CEO of the Year 2004 in the Platts Global Energy Awards == Rated as one of Indias Most Admired CEOs for the sixth consecutive year in the Business Barons TNS Mode opinion poll, 2004 == Conferred The Entrepreneur of the Decade Award by the Bombay Management Association, October 2002Awarded the First Wharton Indian Alumni Award by the Wharton India Economic meeting place (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December 2001 Selected by Asiaweek mag for its list of Leaders of the Millennium in Business and Finance and was introduced as the only new hero in Business and Finance from India, June 1999. Board of directors shri Anil D. Ambani Chairman pic Prof. J Ram achandran pic Shri S. P. Talwar pic Shri Deepak Shourie pic Shri A. K.Purwar pic 2. 3)History Of Company pic pic The Times of India reported on 5th May that Reliance Mutual inventory has kept its position as Indias largest store house with assets crossing INR 48,000 crores. Reliance has the distinction of being the first Indian company to be named among the five hundred listed in Forbes. How did all this come about? Let us dig into the rags to riches story of Reliance. The one name associated with it from its foundations is Dhirubhai Ambani. What is Reliance? The Reliance Group is Indias largest business house with total revenues being more than $22. 6 billion. This is equal to 3. 5% of Indias GDP.Reliance contributes to 10% of Indias total indirect tax and 6% of her total exports. Reliance network of exports spread out to more than one hundred countries across the globe. What are the activities of Reliance? It is involved in oil exploration and production, gas refining and mar keting, petrochemicals, textiles, financial services, insurance, power, telecommunications and infocom initiatives. The names of Reliance and Dhirubhai Ambani go hand in hand. He was born on 28th December 1932, in Chorwad, Gujarat. He belonged to the Hindu Modh Bania community. Dhirubhai built Indias largest private sector empire, Reliance, and created an equity cult. His father was a schoolteacher.Dhirubhai started off by selling fried snacks to pilgrims in Mount Girnar during weekends. After school he became a dispatch clerk at A. Besse & Company. The latter became distributors of Shell and Dhirubhai was sent to manage an oil filling station at Aden. For some time he also worked in Dubai. In 1958 he re stooped to India with INR 50,000/- in his pocket. With this he set up a textile trading company. AThis was the first chapter of the story of Reliance. Aptly helped by his wife and two sons Dhirubhai diversified his interests to petrochemicals, telecommunications and information, tec hnology, energy, power, finance, capital markets and logistics. Reliance gave new dimensions to Indias equity culture.Till then the market had been dominated by financial institutions but with Reliance coming into the picture thousands of retail investors jumped into the fray by putting their trust in the name of Reliance. With innovative instruments like convertible debentures from the 1980s Reliance became a hot favorite in the Stock Market. Reliance was the pioneer Indian company to raise funds in the international markets. Only Indias sovereign rating restricted its high credit taking in international markets. The Federation of Indian Chambers of Commerce and Industry named Dhirubhai Ambani of Reliance The Indian Entrepreneur of the 20th century. The Times of India conducted a poll in which he was acclaimed to be the greatest creator of wealth in the 20th century.Thus we see that Reliance Industries Ltd was the brainchild and product of the labors of Indian business tycoon, Dhir ubhai Ambani alias Dhirajlal Hirachand Ambani. The story of Reliance makes fascinating reading. During the 1950s the administrators of Yemen discovered that a lot of their currency, the Rial, was disappearing through Aden because of a young man placing unlimited buy orders for Rials. The Rials, at that time, were made of pure silver and was greatly in demand in the London bills Exchange. Dhirubhai bought and melted the Rials and sold it to the London bullion traders. Within three months his work came to a halt but by that time he had made a few(prenominal) lacs.In the 60s Dhirubhai returned to India and started Reliance Commercial Corporation with a humble capital. The business was related to the import of polyester yarn and export of spices. The first address of Reliance was in Narsinathan Street in Masjid Bunder a small 350 sq ft joint with a telephone, table and three chairs and only two assistants. The family too managed in a one room flat. The fortunes of Reliance soon began to change. In 1966 the first textile mill was set up at Naroda using polyester fibre. He branded his products Vimal and thanks to intensive marketing, Vimal became a household name. Financial retail outlets were set up where only Vimal brands were sold.In 1975 a visiting World border team certified it to be excellent even by the standards of the developed world. The next step of Reliance was to enter the equity world. An equity cult came to be created. Nearly 60,000 investors from all parts of India placed their trust in Reliance IPO in 1977. Rural India and first time investors learnt to place its trust and funds in the name of Reliance. In 1982 Reliance Industries came up against a rights issue about partly convertible debentures. It was rumored that Reliance was making all efforts to see that their line of reasoning prices did not fall by even an inch. Ready to strike, a Bear cartel consisting of a group of stockbrokers from Calcutta began to short sell Reliance shares.Anothe r group, prosperous towards Reliance began to buy the short sold shares on the Bombay Exchange. The Bears were confident that the Bulls would soon run out of cash and be prepared for an understanding under the badla-trading scheme prevalent in the Bombay Stock during that time. But the tables came to be turned in favor of Reliance. Dhirubhai himself provided the required cash when the Bulls demanded a physical delivery of shares. The net result was that Reliance shares shot up from INR 152/- to 180/- within a few minutes. The market was in uproar with Dhirubhai as the uncrowned king. The Bombay Stock Exchange came to be closed for three full days.Authorities intervened and brought down the unbadla rate to 2/- with a ruling that the Bear cartel would have to deliver the shares within the next few days. The Bears bought Reliance shares from the market at higher price levels and most probably Dhirubhai himself supplied these shares and earned a healthy profit from the great adventure. Questions naturally arose around Reliance. How could a yarn trader within a few years cough up such huge amounts of cash during a crisis? Parliament began to face queries. The Finance Minister gave the information that a non-resident Indian had invested nearly 220/- million INR in Reliance from 1982/83. These had been channelized through many companies all registered in the Isle of Man. The strong point was that all the owners had the common surname or Shah.However, Reserve Bank investigations did not find anything wrong done by Reliance and its friends. Keeping its core in petrochemicals Reliance soon diversified its activities to telecommunications, information technology, energy, power, retail, textiles, infrastructure services, capital markets and logistics. BBC described it as a business empire with an estimated annual turnover of $12bn, and an 85,000- strong workforce. Reliance has the distinction of being the only public limited company whose many annual general meetings ha d to be held in stadiums with more than 350,000 shareholders in attendance. Success creates jealousy. Reliance had to suffer its share.Nusli Wadia of Bombay Dyeing group was once the biggest competitor of Reliance. Wadia was cognise for his clout in political circles during the time when the economy had not been liberalized. Competition took an ugly turn when during the seventies Wadia got a permission from the then Janata Party ruled government to build a DMT (Dimethyl Terephthalate) plant. Then Ramnath Goenka of Indian Express turned his pen against Reliance. It seemed that Goenka was using a national newspaper for his own soulfulnessal vendetta. But despite everything people did not lose faith in Reliance. Reliance ran into rough die hard also with the V. P. Singh government. The license for importing Purified Terephthalic Acid was cancelled.This was essential as a raw material for manufacturing polyester yarn. The first snapshot had paralyzed Dhirubhai but the second stroke spelt out the death sentence for him. He died in 2nd July 2002 leaving behind at the helm of Reliance his two sons Mukesh and Anil, wife and two daughters. His funeral was attended not only by big business and politicians but also by thousands of ordinary folks. He is an example of what a common person can do to help himself as well as the economy of his country. At the time of his death the Reliance group had a gross turn over of INR 75,000 crores from 70 crores in 1976/77. In 20003 Government of India issued a postal stamp (denomination 5/- INR) in Dhirubhais honour.Reliance began to flow through two channels after the death of Dhirubhai. Differences broke out between his two sons over ownership issues as well as private matters. It was expressed that this would have no impact on the functioning of the company it being a company managed aggressively by professionals. This is of great importance to the Indian economy as a whole. The wife of Dhirubhai, Kokilaben mediated for her so ns. Mukesh was awarded Reliance Industries and IPCL and this group came to be known, as Reliance Industries Ltd. Anil became head of Infocomm, Reliance Energy and Reliance Capital known as the Anil Dhirubhai Ambani Group (ADAG) 2. ) Reliance Group and Products Looking back, looking forward Reliance Anil Dhirubhai Ambani Group, an offshoot of the Reliance Group founded by Shri Dhirubhai H Ambani (1932-2002), ranks among Indias top three private sector business houses in terms of net worth. The group has business interests that range from telecommunications (Reliance Communications Limited) to financial services (Reliance Capital Ltd) and the generation and distribution of power (Reliance Infrastructure Limited). Reliance ADA Groups flagship company, Reliance Communications, is Indias largest private sector information and communications company, with over 85 million subscribers.It has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, dat a and video) digital network, to offer services spanning the entire infocomm value chain. Other major group companies Reliance Capital and Reliance Infrastructure are widely acknowledged as the market leaders in their respective areas of operation. pic pic Reliance Mutual Fund Reliance Energy Ltd. pic pic Harmony Reliance Communications pic pic Reliance Life Insurance Reliance Anil Dhirubhai Ambani Group pic pic Reliance General Insurance Reliance Portfolio Management Service pic Reliance Big Entertainment RELIANCE PRODUCTS ? Reliance Base Phone ? Reliance Mobile ? Reliance Data Card ? Reliance Voucher, E-Recharge ? Reliance PCO ? Reliance Broad Band 2. 5) Milestones 2008 pJanuary 12 ic Reliance Communications receives Start-up GSM Spectrum pJanuary 16 ic rube partners with Reliance Communications to provide Yahoo One Search for its CDMA and GSM customers. pJanuary 31 ic RCOMs Q 3 Net expediency increases by 48. 5 % and Revenues Up by 29. 8 %. Remains the most remunerative Telecom Company in India. pFebruary 4 ic Reliance Communications offers Lifetime Validity at Rs 199 RCOMs subsidiary Infratel files Draft Red herring Prospectus with SEBI pFebruary 5 ic Reliance Mobile strengthens its religious content portfolio on Mobile by tie-up with SadhanaTV pFebruary 14 ic RCOM in partnership with CanvasM, launches Mulitplayer Mobile Games pFebruary 19 ic HDFC Bank ties up with RCOM, turns every Reliance Mobile into a credit card pFebruary 27 ic Reliance Communications consolidates Global Telecom Business under Business Globalcom Reliance Communications forays into International Mobile Market with GSM License in Uganda. pMarch 3 ic Reliance Communications drops prices of Internet Data Cards p ic March 10 Reliance Communications announces ESOPs for over 20,000 employees pMarch 20 ic Reliance Communication s and HTC forge Strategic Alliance pMarch 27 ic Corporation Bank Launches Banking Services on Reliance Mobile World pApril 1 ic Reliance Communications forays into IT space, launches Reliance Technology Services Company pApril 9 ic RCOM launches Educational Portal on Reliance Mobile Phones pApril 25 ic Reliance Globalcom unit Reliance Infocom BV, Netherlands acquires Global WiMAX Operator eWave World pApril 29 ic Reliance Communications Announces Unlimited Free STD calls pApril 30 ic Reliance Globalcom Launches Passport Global SIM RCOMs Net Profit up by 70. % to Rs 5,401 crore pMay 2 ic Reliance Communications Net Profit up by 70. 8% to Rs 5,401 crore (US$ 1,350 million), Revenues higher by 31. 8% to Rs. 19, 068 crore (US$ 4,765 million) and EBIDTA increases by 43. 3% to Rs. 8, 199 crore (US$ 2049 million) pMay 12 ic Reliance Communications and Alcatel form fit Venture to offer Man agedNetwork Services to telcos across the globe p ic May 26 Reliance Globalcom acquires UK based VANCO Group Limited pJune 24 ic Reliance Globalcom, Stealth Communications forge Strategic Alliance to extend VOIP Network across 50 countries pJuly 12 ic CA Exam Results on Reliance Mobile pJuly 22 ic Reliance Communications Mobile Subscriber base crosses 50 Million pJuly 29 ic CA master copy Exam Results on Reliance Mobile pJuly 31 ic Reliance Communications (RCOM) announces its financial results for the first quarter ended June 30, 2008. Net Profit up by 23. 9% to Rs. 1,512 crore (US$ 352 million) 2007 pJanuary 10 ic Reliance Communications adds a record 1. 4 million subscribers in December 06 pJanuary 18 ic Reliance Communication launches unique Simply 2030 plan on Reliance Hello pJanuary 25 ic Reliance Communications promotes Roger Waters Music Concert pJanuary 29 ic RCOM shareholders approve tower business demerger with a 99. 9% overwhelming majority pJanuary 30 ic Overwhelming response to Reliance Worlds National Digital Elocution Competition pJanuary 30 ic Reliance joins Lenovo and Intel for Internet on the Move pFebruary 2 ic Reliance Communications market capitalisation tops Rs 1 lakh crore ( 1 trillion rupees or 24. 9 billion US dollars) on Bombay Stock Exchange pFebruary 16 ic Reliance Communications offers best value on roaming pFebruary 26 ic Search Jobs & Classified Ads from Reliance Mobile World Reliance Communications ties up with Naukri. com pMarch 6 ic Reliance Communications ushers in Virtual Global Conference Network pMarch 7 ic DHIRUBHAI AMBANI THE MAN I KNEW By KOKILABEN Book on Founder Chairman launched. pMarch 8 ic Reliance Communications launches Roam Jamaica on Reliance Mobile pMarch 16 ic Reliance Mobile launches Su no Zee pMarch 19 ic Demerger of Passive Infrastructure division Reliance Communications & Reliance Telecom authorise by the Bombay High Court pM