The organisation was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960 as Reliance Commercial Corporation.


The organisation was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960 as Reliance Commercial Corporation.
1.What form of business enterprise is this?
In 1965, the two of them parted ways and Dhirubhai continued the polyester business of the firm
In 1966, Reliance Textiles Engineers Pvt. Ltd. was incorporated in Maharashtra. It established a synthetic fabrics mill in the same year at Naroda in Gujarat.
2.What form of business enterprise has it changed to?
On 8 May 1973, it became Reliance Industries Limited. In 1975, the company expanded its business into textiles, with &Vimal; becoming its major brand in later years. The company held its Initial public offering (IPO) in 1977. The issue was over-subscribed by seven times.
3.What form of business enterprise is this now?
4.What features and advantages of this form of business enterprise can you identify?
5.What are the benefits to society because of this industry?
6.Who are the other owners apart from the promoters’ families?
7.Why should the financial results of this Company be known to public?


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