Reliance Industries

Reliance industries is one of India's largest companies with a profit of US $2.033 billion in 2006. Indian Petrochemicals Corporation and Reliance Industries merged in financial year 2006-2007. In November 2006 the Reliance launched its first retail mega-store, "Reliance Fresh" in Hyderabad, expanding to 96 stores at the end of FY 2006-2007. It is responsible for nearly 12% of India’s total exports, about 6.5% of the Government of India’s indirect tax revenues and bout 5.7% of the total market capitalization in India. The company is owned by Mukesh Ambani, one of the wealthiest people in the world.