• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Reliance Acquires Host of Consumer Goods Companies for $6.5 Billion

by Vishvas Narayan
May 15, 2022
in Business, India News, Markets
Reading Time: 2 mins read
0
Reliance by Hindustan Times
TwitterWhatsappLinkedin

Reliance Industries is India’s largest and one of the world’s largest, most successful and famous conglomerates. Along with Tata, the two companies have been locking horns for years now to take the title of the largest conglomerate in India. Under Reliance Industries, there are a whole host of subsidiaries that are at the peak of their respective fields. Some of these include Reliance Jio (a telecom company), JioSaavn (a music streaming app), Reliance Retail, Mumbai Indians (IPL team) and so much more.

You might also like

Microsoft Plans Major Layoffs Across Xbox and Sales Teams as Part of Strategic Overhaul

Greek Court Hands Down Unprecedented Prison Sentence Over Defunct BitTorrent Site

Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

The conglomerate has now decided to add some more Indian companies in to their family as they have acquired multiple smaller consumer goods companies and non-food brands that all amount to a staggering $ 6.5 billion USD as they plan to challenge other massive consumer goods companies in India like Unilever according to people close to the company.

Consumer Goods by Investopedia

After conquering many industries and disciplines, Reliance has dived in to the fast-moving consumer goods category as they plan to own multiple groceries, household items and other consumer goods companies added in to their portfolio and have partnerships and deals with smaller sole proprietorship and other larger retail chains to get their products to Indian based consumers of all walks of life.

The Indian retail market is currently closing in on a total worth of one billion USD as they recently crossed a net worth of $900 billion USD. Currently, the conglomerate is almost done with closing up deals with about 30 different niche consumer product companies as some of them will be acquired on its whole, while some companies will have part of their stock owned by Reliance Jio. Some companies will even pen down a joint venture will Reliance as the conglomerate is leaving no stones unturned and exploring all avenues to be the largest player in this new category.

Other companies in this industry other than Unilever include Nestle, PepsiCo, Coca Cola which have all been massive player in the Indian consumer goods industry for well over 10 years now.

The exact numbers of the deal have not been released by the conglomerate or any party yet, but some sources close to the company have said that the company will be looking to hit $ 6.5 billion USD in annual sales within the next half a decade.

Everything Reliance touches turns to gold right now and many experts and consumers already feel like this deal is set to be a slum dunk but only time will tell.

Tags: #ConsumerGoodsReliance
Tweet54SendShare15
Previous Post

UAE Based Telecom Company Acquires 9.8% Stake in Vodafone

Next Post

Proposed Legislation in Ohio Would Make AirTag Stalking a Crime.

Vishvas Narayan

Recommended For You

Microsoft Plans Major Layoffs Across Xbox and Sales Teams as Part of Strategic Overhaul

by Harikrishnan A
June 25, 2025
0
Microsoft’s Copilot+ Faces Scrutiny Over New Recall Feature

Microsoft is preparing to launch another wave of layoffs, with its Xbox gaming division expected to bear the brunt of the cuts. The move is part of a...

Read more

Greek Court Hands Down Unprecedented Prison Sentence Over Defunct BitTorrent Site

by Harikrishnan A
June 25, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a ruling that has stunned both legal experts and digital rights advocates, a Greek court has sentenced a 59-year-old man from Piraeus to five years in prison...

Read more

Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

by Harikrishnan A
June 25, 2025
0
Tesla’s Robotaxi Launch Marred by Traffic Violations, But Stock Surges Amid Influencer Praise

Tesla's long-awaited Robotaxi rollout in Austin, Texas, turned heads this week—not just for its technical innovation but also for moments of troubling behavior on the road. Videos captured...

Read more
Next Post
Apple AirTags

Proposed Legislation in Ohio Would Make AirTag Stalking a Crime.

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?