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It is a subsidiary of Reliance Retail, a wholly owned subsidiary of Reliance Industries. [2] [3] Reliance Digital opened its first store on 24 April 2007 in Delhi. [4] Currently there are more than 8,600 Reliance Digital and 1,800 My Jio stores in around 800 cities in India in addition to an online presence.
On August 19, 2015 Reliance Industries received a license to run a payments bank from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949. It then partnered with the State Bank of India and incorporated Jio Payments Bank Limited in November 2016. Jio Payments Bank Limited is a 77:23 partnership between Reliance ...
Bangalore-based Zivame is an online retailer of lingerie, activewear, sleepwear and shapewear for women. In 2021, Reliance Retail acquired an 85% stake in the company for ₹ 1,200 crore. [54] 8 Justdial: In 2021, Reliance Retail acquired a 66% stake in local search company Justdial for ₹ 5,710 crore (US$770.58 million). [55] 9 Milkbasket
Reliance Solar, the solar energy subsidiary of Reliance, was established to produce and retail solar energy systems primarily to remote and rural areas. It offers a range of products based on solar energy: solar lanterns, home lighting systems, street lighting systems, water purification systems, refrigeration systems and solar air conditioners.
It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance. [3] Since April 2020, Reliance Industries has raised ₹ 152,056 crore (US$18 billion) by selling a 32.97% equity stake in the company. [4]
Independent TV originally launched as Reliance Big TV on 19 August 2008. [2] The service acquired 1 million subscribers within 90 days of launch, due to limited competition from other operators in the market. The service was later renamed to Reliance Digital TV. The operator was acquired by Pantel Technologies & Veecon Media in January 2018. [3]
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