New Delhi, Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of the world's 100 most influential companies in 2024. TIME has called Reliance 'India's Juggler'.
This is the second time that Reliance has made its place in the TIME list. G Platforms, the group's digital asset holding company, was included in the inaugural TIME 100 Most Influential Companies of 2021 list.
Serum Institute is the second Indian company in this list.Time listed Reliance in the 'Titans' category (one of five categories under which companies were divided, the others being Leaders, Disruptors, Innovators and Pioneers).
Tata was listed in the 'Titan' category while Serum was listed in the 'Pioneers' category.
"Reliance Industries was founded 58 years ago by Dhirubhai Ambani as a textile and polyester company. Today the giant conglomerate – which has aligned its growth with Indian Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat' – leads the country It is the world's most valuable company, with a market capitalization of more than US$200 billion," Time said. Now led by Dhirubhai's son Mukesh, the Mumbai-based company has other ventures including energy, retail and telecom, and has expanded its Making the chairman Asia's richest man, it said.In February, Reliance came out on top in a fiercely competitive race to dominate India's growing streaming market by striking a US$8.5 billion merger deal with Disney's Indian business, the publication said.
According to analytical firm comScore, "The deal will bring together more than 100 television channels and give the combined group about 31 percent share in India's streaming market, while rivals Netflix and Amazon Prime will get 8 percent." has revolutionized several economic sectors in the world's most populous country by making world-class products and services available at affordable prices.
Under the leadership of Mukesh Ambani, the company's telecom arm Jio revolutionized India's digital landscape and promoted digital inclusion on an unprecedented scale with the most affordable mobile data tariffs in the world.
It established the world's largest single location refining complex.Reliance Retail is ranked among the top 100 retailers globally and recorded 1.06 billion footfall in FY2024 across its 18,800+ stores (67 per cent of which are in smaller towns and villages).
Reliance is investing US$10 billion in building the most comprehensive ecosystem for new energy and new materials in India and has set an ambitious target of reaching net-zero carbon by 2035.
Time has described Serum as the world's largest vaccine manufacturer, producing billions of vaccines. The company makes 3.5 billion doses each year, including for measles, polio and most recently HPV. "Serum CEO Adar Poonawalla says the company's success could largely depend on its private ownership," the publication said. Is.“Vaccine prices will not remain low (R21 will cost US$4 per shot) without being beholden to shareholders.”
It said the Tata Group was founded in 1868 and its vast portfolio spans from steel, software, watches, undersea cables and chemicals to salt, grains air conditioners, fashion and hotels.
"But as rivals have aggressively promoted new businesses, it has struggled to keep up in the tough competition. In 2017, after more than a century of family management, Chandrasekaran retired with no personal ties to the family. “It is highly unusual when India's business landscape is governed by family succession plans,” Time said. As chairman, he has transformed the group by investing in tech manufacturing, AI and semiconductor chips. .In 2023, it will become the first Indian company to assemble iPhones, and is building another plant, it said In September, Tata announced a partnership with Nvidia to develop AI cloud in India .
“And this year, it announced plans for the country's first major semiconductor manufacturing facility. The steps are paying off: In February, Tata's combined market capitalization reached US$365 billion, more than that of India's neighbor and rival. , Pakistan,” it added. This is the fourth edition of the annual TIME100 Most Influential Companies list, which highlights companies making an extraordinary impact around the world.To assemble the list, TIME sought nominations from across all sectors, and surveyed a global network of contributors and correspondents, as well as external experts. Then, TIME editors scored each on key factors including impact, innovation ambition, and success. Evaluated. The result is a diverse group of 100 businesses helping to chart a much-needed path forward.
This is the second time that Reliance has made its place in the TIME list. G Platforms, the group's digital asset holding company, was included in the inaugural TIME 100 Most Influential Companies of 2021 list.
Serum Institute is the second Indian company in this list.Time listed Reliance in the 'Titans' category (one of five categories under which companies were divided, the others being Leaders, Disruptors, Innovators and Pioneers).
Tata was listed in the 'Titan' category while Serum was listed in the 'Pioneers' category.
"Reliance Industries was founded 58 years ago by Dhirubhai Ambani as a textile and polyester company. Today the giant conglomerate – which has aligned its growth with Indian Prime Minister Narendra Modi's vision of 'Atmanirbhar Bharat' – leads the country It is the world's most valuable company, with a market capitalization of more than US$200 billion," Time said. Now led by Dhirubhai's son Mukesh, the Mumbai-based company has other ventures including energy, retail and telecom, and has expanded its Making the chairman Asia's richest man, it said.In February, Reliance came out on top in a fiercely competitive race to dominate India's growing streaming market by striking a US$8.5 billion merger deal with Disney's Indian business, the publication said.
According to analytical firm comScore, "The deal will bring together more than 100 television channels and give the combined group about 31 percent share in India's streaming market, while rivals Netflix and Amazon Prime will get 8 percent." has revolutionized several economic sectors in the world's most populous country by making world-class products and services available at affordable prices.
Under the leadership of Mukesh Ambani, the company's telecom arm Jio revolutionized India's digital landscape and promoted digital inclusion on an unprecedented scale with the most affordable mobile data tariffs in the world.
It established the world's largest single location refining complex.Reliance Retail is ranked among the top 100 retailers globally and recorded 1.06 billion footfall in FY2024 across its 18,800+ stores (67 per cent of which are in smaller towns and villages).
Reliance is investing US$10 billion in building the most comprehensive ecosystem for new energy and new materials in India and has set an ambitious target of reaching net-zero carbon by 2035.
Time has described Serum as the world's largest vaccine manufacturer, producing billions of vaccines. The company makes 3.5 billion doses each year, including for measles, polio and most recently HPV. "Serum CEO Adar Poonawalla says the company's success could largely depend on its private ownership," the publication said. Is.“Vaccine prices will not remain low (R21 will cost US$4 per shot) without being beholden to shareholders.”
It said the Tata Group was founded in 1868 and its vast portfolio spans from steel, software, watches, undersea cables and chemicals to salt, grains air conditioners, fashion and hotels.
"But as rivals have aggressively promoted new businesses, it has struggled to keep up in the tough competition. In 2017, after more than a century of family management, Chandrasekaran retired with no personal ties to the family. “It is highly unusual when India's business landscape is governed by family succession plans,” Time said. As chairman, he has transformed the group by investing in tech manufacturing, AI and semiconductor chips. .In 2023, it will become the first Indian company to assemble iPhones, and is building another plant, it said In September, Tata announced a partnership with Nvidia to develop AI cloud in India .
“And this year, it announced plans for the country's first major semiconductor manufacturing facility. The steps are paying off: In February, Tata's combined market capitalization reached US$365 billion, more than that of India's neighbor and rival. , Pakistan,” it added. This is the fourth edition of the annual TIME100 Most Influential Companies list, which highlights companies making an extraordinary impact around the world.To assemble the list, TIME sought nominations from across all sectors, and surveyed a global network of contributors and correspondents, as well as external experts. Then, TIME editors scored each on key factors including impact, innovation ambition, and success. Evaluated. The result is a diverse group of 100 businesses helping to chart a much-needed path forward.
