Subsidiaries of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail

Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited

Reliance Fresh Limited Retail Concepts & Services (India) Limited Reliance Retail Insurance Broking Limited Reliance Dairy Foods Limited RESQ Limited Reliancedigital Retail Limited Reliance Financial Distribution and Advisory Services Limited Reliance Hypermart Limited Reliance Retail Finance Limited Reliance Retail Travel & Forex Services Limited Reliance Trends Limited Reliance Wellness Limited Reliance Brands Limited Reliance Footprint Limited Reliance F&B Services Limited Strategic Manpower Solutions Limited Reliance Gems and Jewels Limited

Reliance Integrated Agri Solutions Limited Reliance Universal Ventures Limited Reliance Lifestyle Holdings Limited

Reliance Autozone Limited Delight Proteins Limited Reliance Supply Chain Solutions Limited Reliance Leisures Limited Reliance Home Store Limited Reliance Agri Products Distribution Limited Reliance Food Processing Solutions Limited Reliance Trade Services Centre Limited Reliance Digital Media Limited Reliance Loyalty & Analytics Limited Reliance Retail Securities and Broking Company Limited Reliance Vantage Retail Limited Reliance Infrastructure Management Services Limited Reliance People Serve Limited Reliance Personal Electronics Limited Reliance One Enterprises Limited Reliance-GrandOptical Private Limited Reliance Review Cinema Limited Reliance Replay Gaming Limited Reliance Nutritional Food Processors Limited Reliance Petro Marketing Limited

Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited

LPG Infrastructure (India) Limited

Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited Subsidiary of Reliance Retail Limited

Reliance Office Solutions Private Limited Reliance Home Products Limited Reliance Style Fashion India Limited Reliance Styles India Limited

Reliance Retail Limited

Reliance is gearing up to revolutionize the retailing industry in India. Towards this end, Reliance is aggressively working on introducing a pan-India network of retail outlets in multiple formats.

A world class shopping environment, state of art technology, a seamless supply chain infrastructure, a host of unique value-added services and above all, unmatched customer experience, is what this initiative is all about. The retail initiative of Reliance will be without a parallel in size and spread and make India proud. Ensuring better returns to Indian farmers and manufacturers and greater value for the Indian consumer, both in quality and quantity, will be an integral feature of this project. By creating value at all levels, we will actively endeavor to contribute to India's growth. The project will boast of a seamless supply chain infrastructure, unprecedented even by world standards. Through multiple formats and a wide range of categories, Reliance is aiming to touch almost every Indian customer and supplier. RIL's Retail Project will be through the following companies:

Reliance Industrial Infrastructure Limited (RIIL)

RIIL was incorporated in the year 1988 as Chembur Patalganga Pipelines Limited, with the main object to built and operate pipeline for transporting petroleum products. The Company's name was subsequently changed to CPPL Limited, and thereafter to its present name viz., Reliance Industrial Infrastructure Limited. RIIL is mainly engaged in the business of setting up / operating Industrial Infrastructure. The Company is also engaged in related activities involving leasing and providing services connected with computer software and data processing

Major subsidiaries and associates

Reliance Life Sciences centres its profit-making ventures around medical, plant and industrial biotechnology opportunities. Specifically, this company specializes in manufacturing, branding, and marketing Reliance Industries' products in biopharmaceuticals, pharmaceuticals, clinical research services, regenerative medicine, molecular medicine, novel therapeutics, biofuels, plant biotechnology, and industrial biotechnology sectors of the medical buisness industry.[6] Reliance Institute of Life Sciences (Rils), established by Dhirubhai Ambani Foundation, is an institution offering higher education in various fields of life sciences and related technologies.[7] Reliance Logistics (P) Limited is a single-window company selling transportation, distribution, warehousing, logistics, and supply chain-related products, supported by inhouse state of the art telematics and telemetry solutions.[8] Reliance Clinical Research Services (RCRS), a contract research organisation (CRO) and wholly owned subsidiary of Reliance Life Sciences, specialises in the clinical research services industry. Its clients ar primarilly pharmaceutical, biotechnology, and medical device companies.[9] Reliance Solar, the solar energy subsidiary of Reliance, aims to produce and retail solar energy systems primarily to remote and rural areas and to bring about a 'transformation in the quality of life'.[10] Relicord is a stem-cell banking service owned by Reliance Industries.[11] Infotel Broadband is a broadband service provider which gained 4G licences for operating across India, now it is wholly owned by RIL for 48 billion (US$880 million).[12][13]

Financial Soundness
Rs. in crore
2011-12 2010-11 $ Mn 09-10 08-09 07-08 06-07 05-06 04-05 03-04 02-03

Revenue From Operations

66,79 0

3,39,79 2

2,58,65 1

200,40 0

146,32 8

139,26 9

118,35 4

89,124

73,16 4

56,24 7

50,09 6

Total Income Earnings Before Depreciation , Interest and Tax (EBDIT) Depreciation and Amortisation Exceptional Items Profit For the Year Equity Dividend %* Dividend Payout Equity Share Capital Equity Share Suspense Account Equity Share Warrants Reserves and Surplus Net Worth Gross Fixed Assets Net Fixed Assets Total Assets Market Capitalisatio n Number of Employees Contribution to National Exchequer

68,00 7

3,45,98 4

2,61,70 3

202,86 0

148,38 8

144,89 8

118,83 2

89,807

74,61 4

57,38 5

51,09 7

7,825

39,811

41,178

33,041

25,374

28,935

20,525

14,982

14,26 1

10,98 3

9,366

2,240

11,394

13,608

33,041

5,195

4,847

4,815

3,401

3,724

3,247

2,837

3,939

20,040 85

20,286 80 2,385 3,273

16,236 70 2,084 3,270

(370) 15,309 130 1,897 1,574

4,733 19,458 130 1,631 1,454

11,943 110 1,440 1,393

9,069 100 1,393 1,393

7,572 75 1,045 1,393

5,160 52.5 733 1,396

4,104 50 698 1,396

497 643

2,531 3,271

69

60

32,00 5 32,64 8 40,39 2 23,87 8 58,01 3 48,10 9

1,62,82 5 1,66,09 6 2,05,49 3 1,21,47 7 2,95,14 0 2,44,75 7 23,166

1,48,26 7 1,51,54 0 2,21,25 2 1,55,52 6 2,84,71 9 3,42,98 4 22,661

133,90 1 137,17 1 228,00 4 165,39 9 251,00 6 351,32 0 23,365

124,73 0 126,37 3 218,67 3 169,38 7 245,70 6 239,72 1 24,679

1,682 78,313 81,449 127,23 5 84,889 149,79 2 329,17 9 25,487

62,514 63,967 107,06 1 71,189 117,35 3 198,90 5 24,696

48,411 49,804 91,928 62,675 93,095 110,95 8 12,540

39,01 0 40,40 3 59,95 5 35,08 2 80,58 6 76,07 9 12,11 3 13,97 2

33,05 7 34,45 3 56,86 0 35,14 6 71,15 7 75,13 2 11,35 8 12,90 3

28,93 1 30,32 7 52,54 7 34,08 6 63,73 7 38,60 3 12,91 5 13,21 0

5,542

28,197

28,719

17,972

11,574

13,696

15,344

15,950

Key Indicators

201112

201011

09-10

08-09

07-08

06-07

05-06

04-05

03-04

02-03

Earnings Per Share - Rs. [excluding Exceptional item]* Turnover Per Share - Rs. Book Value Per Share Rs. Debt : Equity Ratio EBDIT / Gross Turnover % Net Profit Margin % RONW %* ROCE %*

1.2

61.2

62.0 790.5 463.2

49.7 612.9 419.5

49.7 464.9 401.5

105.3 958.1 560.3

82.2 814.2 440.0

65.1 639.6 357.4

54.2 525.0 289.9

36.8 402.8 246.7

29.3 358.8 217.2

20.4 1,037.8 10.0 11.7 5.9 13.4 11.6 507.3

0.41:1 0.44:1 0.46:1 11.7 5.9 13.4 11.6 15.9 7.8 15.5 13.2 16.5 8.1 16.4 13.9

0.63:1 0.45:1 0.44:1 0.44:1 0.46:1 0.56:1 0.60:1 17.3 10.5 21.6 20.3 20.8 14.0 28.8 20.3 17.3 10.1 23.5 20.5 16.8 10.2 22.7 20.5 19.5 10.3 21.9 21.3 19.5 9.2 17.0 14.0 18.7 8.2 14.8 13.2

In this Annual Report $ denotes US$ 1US$ = Rs. 50.875 (Exchange rate as on 31.03.2012) * Adjusted for issue of bonus shares in 2009-10 in the ratio of 1:1 **Adjusted for CWIP and revaluation

Financial Milestones
2011

Revenue crossed Rs. 2,50,000 crore mark (Rs. 2,58,651 crore, US$ 58.0 billion), Net Profit crossed Rs. 20,000 crore mark (Rs. 20,286 crore, US$ 4.5 billion) and Total Assets crossed Rs. 2,80,000 crore mark (Rs. 2,84,719 crore, US$ 63.8 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 1,40,000 crore mark (Rs. 1,46,667 crore, US$ 32.9 billion), 13.4% of India's total exports. RIL declares Dividend of 80%. Payout of Rs 2,385 Crore, one of the highest in the Indian Private Sector.

2010

Revenue crossed Rs. 2,00,000 crore mark (Rs. 2,00,400 crore, US$ 44.6 billion), Net Profit crossed Rs. 16,000 crore mark (Rs. 16,236 crore, US$ 3.6 billion) and Total Assets crossed Rs. 2,50,000 crore mark (Rs. 2,51,006 crore, US$ 55.9 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 1,00,000 crore mark (Rs. 1,10,176 crore, US$ 24.5 billion), 14.5% of India's total exports. RIL declares Dividend of 70%. Payout of Rs 2,084 Crore, one of the highest in the Indian Private Sector.

2009

Total Assets crossed Rs. 2,00,000 crore mark (Rs. 2,45,706 crore, US$ 48.44 billion), Networth crossed Rs.

1,00,000 crore mark (Rs. 1,26,373 crore, US$ 24.92 billion), unparalleled in the Indian Private sector.

2008

RIL declares Dividend of 130%. Payout of Rs 1,897 Crore, one of the highest in the Indian Private Sector.

Revenue crossed Rs. 1,30,000 crore mark (Rs. 1,39,269 crore, US$ 34.7 billion), Net Profit crossed Rs. 15,000 crore mark (Rs. 19,458 crore, US$ 4.9 billion) and Total Assets crossed Rs. 1,40,000 crore mark (Rs. 1,49,839 crore, US$ 37.3 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 80,000 crore mark (Rs. 83,492 crore, US$ 20.8 billion), 13.4% of India's total exports. RIL declares Dividend of 130%. Payout of Rs 1,631 Crore, highest in the Indian Private Sector.

2007

Revenue crossed Rs. 1,00,000 crore mark (Rs. 1,18,354 crore, US$ 27 billion), Net Profit crossed Rs. 10,000 crore mark (Rs. 11,943 crore, US$ 2.75 billion) and Total Assets crossed Rs. 1,00,000 crore mark (Rs. 1,17,353 crore, US$ 27 billion), unparalleled in the Indian Private sector. Exports crossed Rs. 60,000 crore mark (Rs. 66,627 crore, US$ 15 billion), 12% of India's total exports. RIL declares Dividend of 110%. Payout of Rs 1,440 Crore, highest in the Indian Private Sector.

2006

RIL places $300 million in US Private Placement Market. First ever Indian company to raise money through this route. RIL declares Dividend of 100%. Payout of Rs 1,393 Crore, Highest In Private Sector. RPL a subsidary of RIL completes its US$ 1.2 billion Initial Public Offering of equity shares with an overwhelming response across different classes of investors. Chevron to Purchase 5 % Stake in RPL for USD 300 Million. Option to Increase Stake to 29 %.

2005

2004

Launches US $ 348 Million Syndicated Term Loan Facility. Aims To Replace Existing High Cost Loans. Reliance Successfully Closes US$ 350 Million Multi Currency Term Loan.

Reliance signs EUR 116.2 million Export Credit Agency (ECA) backed Buyer's Credit Facility provided by Deutsche Bank. RIL avails an ECA cover for the first time in 22 years. Reliance emerges as India's Greenest private sector company amongst the private sector with an overall rank of number two in a BT - ACNielsen ORG-MARG survey of shareholder perception published in Business Today's October issue. Reliance Industries concludes re-pricing of USD 687.50 million Syndicated Term Loan facilities.


2003

Reliance Group emerges as India's Largest Wealth Creator in the private sector for the Year 2003-04.

2002

RIL - First Indian private sector company to record net profit of over Rs 4,000 crore in one financial year.

2001

RIL - First Indian private sector company to record Net Profit of over Rs. 1,000 crores in one quarter. Reliance among ten most creditworthy companies in Asia. Reliance Completes Acquisition of IPCL.

2000

RPL raises USD 750 million syndicated loan - deal named capital market deal of the year by IFR Asia. Group revenues cross Rs. 60,000 crore (Rs. 60,160 crores), Reliance becomes largest business group in India. RIL and RPL become India's two largest companies in terms of all major financial parameters.

Group profits cross Rs. 2,500 crore mark, Revenues cross Rs. 20,000 crore mark (Rs. 21,541 crores) and Total assets cross Rs. 50,000 crore (Rs. 52,094 crores).

1998

Total Assets cross Rs. 35,000 crore (Rs. 35,445 crore) and Revenues cross Rs. 14,000 crore (Rs. 14,115 crore).

1997

1996

First corporate in Asia to issue 50 and 100 years bond in US debt market.

Reliance became the first private sector company to be rated by international credit rating agencies. S&P rated BB+, stable outlook, constrained by the Sovereign Ceiling. Moody's rated Baa3, Investment grade, constrained by the Sovereign Ceilings. Net profit crossed the Rs.1,000 crore mark (Rs 1,065 crores or US$ 338 million), unparalleled in the Indian Private sector.

1994

1993

Offered the second Euro issue of GDR.


1992

India's largest public offering - Reliance Petroleum Issue. Offered the first Euro Convertible bond issue

1991

Set a record with Reliance Twin issues that received over 1 million investor applications. Offered the first ever Euro Issue of Global Depository Receipts by an Indian company

Reliance commissioned phase-I of Hazira Petrochemicals Complex - consolidated its position in polyesters and entered into attractive polymers business - started VCM and PVC plants.

1988

1987

Sales cross Rs. 1,000 crores mark (Sales for the year Rs. 1,778 crores).

1986

Reliance commenced the Linear Alkyl Benzene (LAB) plant at Patalganga.

1985

Reliance started PTA plant at Patalganga. Reliance commissioned Polyester Staple Fibre (PSF) plant at Patalganga.

1977

Total Assets cross Rs. 1,000 crores.

First IPO to the Indian Public.

Human Resource Development

RIL's talent base, as on March 31, 2011, stands at 22,661 with an average employee age of 41 years. In FY-11, the Business Transformation initiative created high engagement and excitement amongst the workforce across all levels at RIL. Some key accomplishments on people management front are illustrated below:

Learning & Development In FY-11, RIL enhanced delivery over the last year by ensuring 1,589,395 man hours of learning activities at its manufacturing divisions. Going forward, RIL will focus on building specialist skills and multiple cadres in the organisation to support its goals and aspirations. Additionally, several thousand man-hours of developmental intervention was undertaken to train the leadership teams on developing the second-line, compensation and benefits, executive coaching, rewards and recognition programmes and interviewing & selection. Six Sigma deployment in FY-11 was focused on improving process capability & reliability issues as per the needs of individual manufacturing sites. A total of 85 projects were executed leading to financial benefit of Rs. 26 Crore for the year 2010-11. As a part of Six Sigma deployment process, 9 Reliance Certified Black Belts Wave 1 (RCBB -1) are working across manufacturing divisions and have, in turn, developed 305 Six Sigma Green Belts in 2009-11. Total project execution by this team led by RCBB-1 for a span of two years is 157 leading to financial benefit of Rs. 69 Crore. Currently, 19 BMGI/ASQ certified Black belts are working in different sites. Based on the effective deployment of Six Sigma methodology by first wave, new batch for Reliance Certified Black Belt Wave 2 (RCBB -2) has been launched in January, 2011 for which 11 employees have been selected from manufacturing divisions. In all 354 Black Belts & Green Belts are associated with Six Sigma projects at different sites. For the success of various Six Sigma projects, 1892 team members and supervisory personnel are providing active support. As a part of standardization of training & development of people with validation of their skill level, web based examination module has been developed for certification of Six Sigma Green Belts. In FY-11, eight employees have been certified as Reliance Certified Green Belt (RCGB). Compensation & Banding FY-11, saw a significant change in the Company's compensation & banding management process. On the variable pay front, efforts are afoot to move towards an accountability and responsibility driven variable pay programmes designed uniquely for various levels. Talent Acquisition The belief in its people has been the foundation and corner stone of RIL's growth story. It was the youth in their 20s & 30s who brought RIL to this pedestal over the last 3 decades and going forward the intent is to pass the baton on to young leaders over the next 2 to 3 years, to further propel this success story for the next 3 decades. Towards this end there has been a significant endeavor in re-enforcing the existing talent base of 22,661. RIL's campus hiring programme from the engineering, finance and management institutes has been far more robust, with wider coverage to ensure higher caliber as well diversity.

RIL has launched a specially tailored programme "Reliance Accelerated Leadership Programme", in order to hire high caliber young talent into the Company and build a talent pipeline for the future. HR Transformation RIL is focused on building what would be the best "To Be" Organisation over the next 18 to 24 months. In order to achieve this objective, RIL focused on following initiatives:

People: Energising and engaging the existing work force, building a pipeline for the future and creating an exciting work place. HR Processes: To ensure that RIL continues to have the world's best practice and processes, existing processes are being reengineered and new processes are being introduced. Policies: The focus in FY-11 was to make the policies employee friendly keeping in view employee specific needs. The HR policies are being reviewed and benchmarked with world class organisations. HR Shared Service Centre: The Centre was established last year to ensure efficient and effective delivery of HR services to RIL employees.