Reliance Industries tagged as ‘Corporate good guys’

Mukesh Ambani’s Reliance Industries (RIL), India’s largest private sector company is the sole Indian firm to get a perfect score in a list of Asia’s best companies in terms of corporate social responsibility. In a report titled, ‘Ethical Asia’, by global research firm CLSA, Reliance Industries, Australian airline Cathay Pacific and Japanese conglomerate.

In the same report, two Indian companies — Tata Motors and ITC — have been named among the six companies that need to make a significant improvement in terms of CSR disclosure. The other companies in the league of laggards include China Merchants Bank, Dongfang Electric, SK Energy and Telkom Indonesia, CLSA said. The companies were identified from among the 50 largest entities in Asia, CLSA said.

Mukesh Ambani has built Reliance into the largest private sector enterprise in India and one of the world’s most successful companies in the fields of petrochemicals, petroleum, gas exploration and production.

A chemical engineering from University of Mumbai and MBA from Stanford University, Mukesh Ambani joined Reliance in 1981. And since then he initiated Reliance’s backward integration journey from textiles into polyester fibers and further into petrochemicals, petroleum refining and going up-stream into oil and gas exploration and production. Under Mukesh Ambani Reliance Industries has expanded into a massive global conglomerate offering everything from petro chemicals to fabrics. The company, Reliance Industries growth has been awe-inspiring.

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