Feb 14, 2024
By: Katya NaiduRIL made history by becoming the first Indian company to cross ₹20 lakh crore marketcap as its stock closed at ₹2,957. It’s now the 49th most valuable company in the world, as per Bloomberg data.
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Even as RIL is negotiating a deal to buy Disney’s India business, it’s right behind Netflix in global rankings. Netflix, valued at $241 billion is slightly ahead of RIL’s $239 billion marketcap.
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RIL has a variety of businesses like oil fields, refineries, TV businesses, OTT platforms, retail and telecom biz. Around half of its sales come from its energy interests, but it’s ahead of other oil majors like Shell and PetroChina. But Saudi Aramco, Exxon Mobile and Chevron are much ahead of RIL.
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RIL which has over 450 million subscribers is also ahead in value of global telco majors like Verizon, T-Mobile and China Mobile.
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Reliance’s retail business has over 18,040 stores across more than 7,000 towns. Its competitor in India, Walmart is much ahead in valuation at $458 billion. US major Costco and Home Depot are also much ahead.
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Many global luxury brands that now retail in India at RIL’s ultra-luxury mall, like LVMH, L’oreal and Hermes are ahead of it in world rankings; at number 19, 45 and 46, respectively.
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Coca-Cola Inc valued at $258 billion at 43rd rank is ahead of RIL. The company which just re-launched its homegrown Campa Cola last year, is ahead of Pepsico in value which is at $234 billion (rank 52).
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Most of the world’s most valuable companies are pure play tech companies. Apart from Amazon, Apple and Meta, the top charts are dominated by Nvidia, TSMC, Oracle, Salesforce, Adobe etc.
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The other Indian company in the top 100 list is tech major TCS. It ranks as the 71st most valuable company globally, with a market cap of $183 billion
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