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Published
Jan 25, 2018
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Reliance Retail now one of the top 250 global retailers

Published
Jan 25, 2018

The Indian apparel retailer Reliance Retail has managed to break into Deloitte Global’s list of the world’s 250 top performing retailers.

Reliance Retail has managed to break into Deloitte Global’s list of the world’s 250 top retailers - Reliance Retail- Facebook


Every year, Deloitte compiles a list of the world’s top performing retailers and this year India’s Reliance Retail made the list, showing that the Indian retail industry is growing on a global scale. Reliance Retail is a subsidiary of Reliance Industries Limited (RIL) and specialises in fast moving consumer goods (FMCG).

Deloitte’s report on “global powers” commented on Reliance Retail: "Reliance generates the bulk of its sales from its FMCG banners. The company recorded a robust 59.2 percent growth in retail revenue in the financial year 2015-16." A partner at Deloitte, Anil Talreja, explained: "The India retail story continues to be promising. Having faced demonetisation and GST, the retail sector in India will soon be poised for a CAGR [compound annual growth rate] of more than ten percent in the coming year.”

Reliance Retail is part of a group of subsidiaries that fall under the leadership of RIL. These include Reliance Trends, Reliance Digital, and Reliance Footprint. Reliance Retail runs a number of outlets selling apparel, foods, lifestyle products, and homeware among others. The business was founded in 2006 and is based in Mumbai. 

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