NEW DELHI: An expanding Indian economy is expected to fuel the growth of Reliance’s retail business, making it the fastest growing segment in terms of revenues and ebitda (Earnings before interest, taxes, depreciation, and amortisation), chairman Mukesh Ambani said. “I am confident that as India grows from a $2,500 per capita economy to a $10,000 per capita economy, Reliance Retail will be our fastest growing business,” Ambani said.
The retail arm continues to garner interest from a host of marquee global strategic and financial investors, Ambani said. “…during our fundraise in September 2020, the valuation of our retail business stood at Rs 4,28,000 crore. In less than three years, the valuation of retail has almost doubled notwithstanding the intervening pandemic. Based on this, Reliance Retail, had it been listed, would have ranked among the top four companies in India,” he added.
The retail arm continues to garner interest from a host of marquee global strategic and financial investors, Ambani said. “…during our fundraise in September 2020, the valuation of our retail business stood at Rs 4,28,000 crore. In less than three years, the valuation of retail has almost doubled notwithstanding the intervening pandemic. Based on this, Reliance Retail, had it been listed, would have ranked among the top four companies in India,” he added.