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Mukesh Ambani Speaks About India’s Potential to Lead the Fourth Industrial Revolution

March 21, 2017

Speaking at the India Today Conclave 2017, the Chairman of Reliance Industries Limited (RIL), Mukesh Ambani praised Prime Minister Narendra Modi’s demonetization and digitization initiatives and spoke about India’s technological potential.

Mukesh Ambani’s views on demonetization and digitization

With reference to demonetization, Mukesh Ambani said that India has moved from being a ‘cash economy to a digitally-enabled optimal cash economy’. He stated that India is great today and will be fantastic in the future. The industrialist added that when Prime Minister Narendra Modi met the then United States (US) President, Barack Obama, for a dinner at White House, they only discussed technology and how it could benefit the poor in a country.

With reference to the Narendra Modi-led Bharatiya Janta Party’s victory in the Uttar Pradesh elections, Mukesh Ambani stated that the Prime Minister understands the people of India, the world, and technology. He even said that the country is blessed to have him as a leader.

According to Mukesh Ambani, the credit in India has always been large in value but low on volume and hence available only for a few people. He said that Aadhaar-based identity will be linked in the coming years, after which taking a loan could be done through a mobile phone within a few minutes.

Mukesh Ambani revealed that India is the fifth largest and the fastest growing economy. According to him, the country’s current pace of growth could make it the third largest economy.

Due to the launch of Reliance Jio, India has recorded the highest data consumption in the world. Mukesh Ambani informed that Jio will be connecting 58,000 colleges and schools through digitization, thereby establishing the most digitally-enabled education system in the world.

India’s technological potential 

Mukesh Ambani said that the world is entering the fourth industrial revolution and India has the potential to lead this revolution. He believes that bringing back the brightest minds working overseas will enable the country to achieve this goal.

He stated that physical, biological and digital sciences are merging, which in turn will allow humans to redesign and rediscover all the aspects of life that exist on the planet. He further stated that technologies like robotics, artificial intelligence, cloud computing, nanotechnology, genomics, and mobile internet form the base of the revolution.

Speaking on India’s capacity to lead the industrial revolution, Mukesh Ambani stated five reasons for it. He revealed that India is a young country with 63 percent of its population aged under 35 years, with the skill to adapt faster to modern technology.

He feels that the lack of digital infrastructure in India will be helpful as it will enable the country to skip multiple generations of technology and directly adopt the upcoming generation.

According to him, India has a large and open market and is one of the most attractive places for business, technology, and global talent. Moreover, the leadership in India believes in connecting the country to the world. Lastly, he stated that India has the determination, political vision, capacity, and leadership to excel in technology.

Summary

Mukesh Ambani said that India has the capacity to lead the fourth global industrial revolution. He also praised Prime Minister Narendra Modi for his initiative to demonetize and digitize the country.

Reliance Jio Attracts Customers by Offering the Home-Delivery Option

November 2, 2016

Reliance Jio, launched commercially in September 2016, has witnessed rapid growth. This digital ecosystem, devised by parent company Reliance Industries Limited (RIL), has amassed a large subscriber base of more than 24 million.

A relatively new entrant to the Indian telecom sphere, Reliance Jio is the fastest national service provider. Within a month of the launch of its services itself, the operator had a user base of 16 million and now in less than three months, it has touched 24 million lives. This rapid growth of RIL’s digital arm can be, to a large extent, attributed to its welcome offer that was launched on 5th September, 2016.

Welcome Offer

Under its welcome offer, Reliance Jio users are granted access to unlimited 4G Internet services, local and national voice calls and video calls, and unlimited SMS facilities for free till the 31st of December, 2016. Additionally, individuals may also enjoy the extensive range of premium Jio applications, which lets them browse and stream television shows, movies, music, etc. for free. As part of the company’s offerings, users are also exempted from paying roaming charges, services exclude blackout days, and incoming calls are free for a lifetime.

Jio 4G SIM cards

Jio 4G SIM cards had been in great demand even before Jio’s commercial launch. Even now, retail outlets across the country continue to witness long queues for acquiring the SIM cards. Additionally, in order to streamline the entire process, the world’s largest start-up installed e-KYC machines at its flagship stores. This enables users to submit their Aadhaar Card numbers and fingerprints in order to confirm their identity. Thus, with the help of the electronic verification of identity, users are able to quickly avail of Reliance Jio SIM cards based on just their Aadhaar Card details.

Furthermore, in a move to ensure its user reach is widened even further, the company is initiating a home delivery service. The first of its kind, this will allow interested individuals to avail of a Jio SIM card from the comfort of their homes. Currently, this delivery service is only available in Indian cities like New Delhi and NCR, Kolkata, Ahmedabad, Pune, and Mumbai.

The process

Individuals interested in the delivery service need to follow an easy four-step procedure.

  1. Download the MyJio application on to the smart phone and generate the welcome offer code
  2. Visit the Reliance Jio website wherein personal details have to be submitted
  3. Once the Reliance Jio customer executive visits the user’s residence with an e-KYC device, the Aadhaar Card number needs to be submitted
  4. The user needs to also provide a fingerprint on the e-KYC device’s terminal and the generated welcome offer code

Following the successful completion of all the aforementioned steps, the user’s Jio SIM card will be activated within 15 minutes.

Since numerous reports of call drops and slow Internet services have surfaced owing to the non-cooperation of other telecom operators in India, Jio may extend its welcome offer till March 2017. The company intends to extend it to allow users to enjoy its 4G services for a longer duration.

Summary

As part of Jio’s attempt to reach a wider audience, SIM cards are being made available via home delivery in select Indian cities.

Reliance Jio Garners More Than 16 Million Subscribers

October 17, 2016

Mukesh Ambani Led Reliance Jio commercially launched its much-awaited high-speed 4G services on the 5th of September 2016. The digital arm of Reliance Industries Limited (RIL), Reliance Jio touched the lives of more than 16 million customers in less than a month. This is considered as a world record by the company, with its user base having grown faster than any other operator or start-up in the world.

Reliance Jio

The owner of the largest spectrum in the country, Reliance Jio had announced its telecom plans back in 2010. After six years of arduous work, the necessary infrastructure and staff was available for a nationwide commercial launch. In order to prevent technical glitches, the telecom services were launched in phases. In December 2015, Reliance employees were granted free access to Jio services. Following that, LYF users could avail of a free Jio SIM card that allowed them to enjoy free voice and data services for a period of three months.

Today, Reliance Jio SIM cards are available at all Reliance Digital stores. The company has even installed eKYC machines at 3,100 such outlets. These eKYC machines help users to streamline their application process with the help of their Aadhaar cards.

Jio’s popularity

Major credit goes to the company’s welcome offer that allows individuals to avail of unlimited free Jio services for data, voice, and video services. Valid till the 31st of December 2016, this has helped the brand garner millions of loyal fans. It helped the company’s flagship stores witness huge queues on the day of Jio’s commercial launch.

The iPhone offer

On the recent release of the new Apple iPhone 7 in India, Reliance Jio’s collaboration with Apple helped users of the iPhone 7 and iPhone 7 Plus avail of complimentary Jio services. Additionally, the offer was also opened to users of older models like iPhone SE, 6, 6 Plus, 6S, and 6S Plus.

On purchase of these smart phones from authorized Apple stores, users can enjoy a range of Jio services that is worth Rs. 18,000. The offer comprises unlimited calls, 20GB 4G data, 40GB of Wi-Fi data through JioFi hotspots, unlimited messaging, unlimited 4G data at night, and a subscription to its extensive range of applications.

Enterprise customers can enjoy a 25% discount in addition to the aforementioned offer. They can also enjoy special tariff plans, although these have not been made public yet. 

Smartron phones

Smartron is an Indian smart phone and IoT brand that recently released the tphone handset. Focused on developing engineering and innovation in India, the manufacturer has collaborated with Reliance Jio to offer its users the welcome offer. This is the latest device to be added to the list of Reliance Jio-compatible smart phones.

Chairman and Managing Director at RIL, Mukesh Ambani stated that the company is overwhelmed by the positive response to Jio’s welcome offer. He explained how the world’s largest start-up has been devised to benefit millions of Indians through data. He thanked the public for recognizing the company’s efforts and vowed to meet customer expectations.

Summary

Reliance Jio’s subscriber base has expanded to more than 16 million in just a month after its commercial launch.

JIO CREATES A WORLD RECORD: ‘Jio Welcome Offer’ enrolls 16 Million customers in 26 days

October 10, 2016

Reliance Jio Infocomm Ltd. (Jio) announced today that it has created a world record by crossing 16 Million subscribers in its first month of operations (September, 2016). Jio has achieved this growth faster than any other telecom operator or start up in the world including the likes of Facebook, WhatsApp and Skype.

Mr. Mukesh D. Ambani, Chairman, Reliance Industries Limited, said, “We are delighted and humbled by the overwhelming response across India to the Jio Welcome Offer. Jio is built to empower every Indian with the power of data. We are delighted that people have recognized this and are utilizing our services to the fullest. We are customer-obsessed and committed to improve every day to exceed expectations of our customers.”   Jio has introduced Aadhaar-based paper-less Jio SIM activation across 3,100 cities and towns. This enables the customer to complete the SIM activation process in a matter of minutes, with only his/her Aadhaar number. This process will be extended across the country and fully stabilized for satisfactory on-boarding experience in the next few weeks.

About Reliance Jio Infocomm Limited

Reliance Jio  Infocomm Limited (“Jio”), a subsidiary of Reliance Industries Limited (“RIL”), has built a world-class all-IP data strong future proof network with latest 4G LTE technology. It is the only network conceived and born as a Mobile Video Network from the ground up and supporting Voice over LTE technology. It is future ready and can be easily upgraded to support even more data, as technologies advance on to 5G, 6G and beyond.

Jio will bring transformational changes in the Indian digital services space to enable the vision of Digital India for 1.2 billion Indians and propel India into global leadership in digital economy. It has created an eco-system comprising network, devices, applications and content, service experience and affordable tariffs for everyone to live the Jio Digital Life. As part of its customer offers, Jio has revolutionized the Indian telecom landscape by making voice calls for Jio customers absolutely free, across India, to any network, and always.

Reliance Jio will not only provide affordable internet, but also mobile phones and access to other complimentary Jio apps such as JioChat, JioTV, JioMusic, etc. Also, you can get your own personal 4G hotspot with the help of Jio WiFi dongle, so you remain connected no matter where you are. Jio makes India the highest quality, most affordable data market in the world so that every Indian can do Datagiri.

Summary

Reliance Jio sets a world record by enrolling 16 million subscribers in its first month of operations.

Reliance Industries to Roll Out Online Fashion Portal, AJIO

March 1, 2016

Reliance Industries has expanded the Jio brand and is now set to roll out a fashion e-commerce portal named AJIO.com.

The telecom venture of Reliance Industries, Reliance Jio will be launching its much-awaited 4G services in April this year. The MukeshAmbani-led company has launched many applications and services under the Jio brand. These include messaging application, Jio Chat, the music streaming platform, Jio Beats, and a digital wallet service, Jio Money, among others.

AJIO Fashion Portal

The AJIO website is being tested since December, last year. The website will soon be accessible to employees for a pilot run. It is expected that the website may be initiated through official communication, this week.

Reliance Industries will replicate the dual ecommerce model of Flipkart. It will have a website as a general marketplace and another one dedicated only to fashion products. Fashion products have high margins, while the former platform will offer a wide range of products of low margins.

The fashion portal AJIO will have brands like Holster of Australia, mds from Singapore, and Gizia of Turkey. It will also have brands from Russia and the United States (US).

Reliance Industries has decided to make a distinguished portfolio, by picking the best and exclusive designs from national and international brands. In addition to these, the company will also have selected artisanal products. In this way, AJIO will be distinctive from Reliance retail outlets, Reliance Trends and Reliance Brands. AJIO will give a new outlook to Reliance Jio’s digital platform.

Reliance Industries’ E-commerce Venture

Reliance Industries has been preparing for its e-commerce venture for a considerable period of time. The company gave a presentation to analysts in October 2015. The presentation said that the company was ready with its e-commerce platform for electronic items. It said that an online grocery website will be rolled out by March end, this year. The company revealed its plans of engaging 1.5 lakh small and medium vendors for its ecommerce business by that time.

In July 2015, Sanjay Mehra was appointed as the Chief Executive of the fashion and lifestyle online venture of Reliance Industries. Mehra earlier worked for US-based Wolverine World Wide. The company is the owner of Caterpillar shoes and Merrell apparel.

Industry experts predict that the entry of Reliance Industries will give stiff competition to other major market players.

Reliance Industries’ LYF Phones

The retail arm of Reliance Industries, Reliance Retail, launched a limited edition of  Reliance LYF branded smartphones on the occasion of Valentine’s Day.

It introduced a ‘togetherness offer’ in the cities of Chennai, Kolkata, Mumbai, Ahmedabad, Delhi, Jaipur, Bengaluru, and Hyderabad, among others.

Reliance Retail is selling the models of Flame 1 and Wind 6 at INR 6,399 and INR 7,099 respectively. Buyers get a number of offers along with the handsets. The offers may be enjoyed at popular places like Cafe Coffee Day, and Mainland China, among others.

Aside from the handsets, Reliance Retail is also selling power banks and selfie sticks. The company is offering huge discounts on them. With discounts of 40% off, power banks are available at INR 720. The selfie-stick is offered at INR 600, while its original price is INR 999.

Summary

Reliance Industries will be launching a fashion e-commerce platform under the name, AJIO.com

Reliance Jio may Introduce Nvidia Shield to India

February 24, 2016

Android consoles have become increasingly popular in the market. Many companies have tried to give users access tosmartphone games on their television screens, but none have succeeded like the Nvidia Shield.

Nvidia Shield Device

Nvidia Shield is a powerful device. It works at double the speed of the Xbox 360. It operates on an 8-core, 64-bit capable system-on-a-chip (SoC) with a Maxwell-based Graphic Processor Unit (GPU) with 256 Compute Unified Device Architecture (CUDA) cores and High-Efficiency Video Coding (HEVC)/H.265 support. In addition, it is also backed up with a set of services like GeForce. These features makeNvidia Shield is very popular among gamers.

Reliance Jio’s Association with Nvidia Shield

Nvidia is not available in India. During the Make in India event held last week, the telecom venture of Mukesh Ambani-led Reliance Industries, Reliance Jiodisplayed the Nvidia device. The device had a Jio sticker on it. As per the Indian telecom blog, Telecomtalk.info it is an “Android-based Jio set-top box” which is“manufactured by Nvidia.

Sources from Reliance Jio revealed that Nvidia Shield was being tested on Reliance Jio’snetwork since December 2015. It is also testing the game streaming service of Nvidia, GeForce presently. Nvidia has approached a number of local game developers for Indian content for a localized version of their digital collection.

Industry experts predict that Nvidia Shield will soon launch its device in India. Many foreign companies come to India to roll out their products. Reliance Jio will be launching its service this year and Nvidia Shield requires good bandwidth to operate seamlessly. Hence, it is likely that the two companies will join hands for the venture.

Reliance Jio’s Spectrum Holdings

Brokerage company, Credit Suisse said that Reliance Jio will quickly acquire the best spectrum holding among all the private telecom companies. This will happen after the MukeshAmbani-led company signs a deal for sharing Fourth Generation (4G) airwaves throughout the country with Anil Ambani’s Reliance Communications.

The brokerage company mentioned Jio’s spectrum portfolio to be “quite enviable”. This is because Reliance Jio will be the only operator to have a pan-India below 1 GHz liberalized spectrum. It will also have one of the highest liberalized spectrums with a 30% share.

The spectrum which was not auctioned needs to be liberalized. To liberalize the spectrum, the company pays the market price to the government. A telecom company only gets to share or trade the liberalized airwaves.

The Telecom Commission has stated the clear market price of 4G airwaves for the band of 800 MHz in the states of Rajasthan, Tamil Nadu, Kerala, and Karnataka. Reliance Communications will thus liberalize its airwaves in these regions and then share them with Reliance Jio. Apart from 800 MHz, Reliance Jio holds spectrum in 1800 MHz and 2300 MHz bands.

A top industry executive said that Reliance Jio may buy the spectrum in the bands of 800 MHz and 700 MHz in the next 2 to 3 auctions. This will further enhance their spectrum holdings of 4G Long-Term Evolution (LTE).

Summary

It is expected that Jio will be the one to facilitate the entry of Nvidia Shield in India.

2016 to be a Significant Year for Reliance Industries

January 8, 2016

Brokerage company, Credit Lyonnais Securities Asia (CLSA) predicted that 2016 would be the biggest year for Reliance Industries.

Value of Reliance Industries’ Business

In 2015, stocks of Reliance Industries outperformed the Sensex for the first time in the past seven years. This is because its petrochemical and refining business fetched better results. On 6th January, the stock attained a five-month high of 1,029.10 by gaining 2.38%. This also improved the scope of its upcoming telecom business.

Reliance Industries will expand its business in petrochemicals and refining. It is also working to set up its telecom business. The MukeshAmbani-led company has decided to invest USD 55 billion, which is equal to its present market cap, by 2018. Out of this, it will start projects worth around USD 30 billion, this year itself. This will increase Reliance Industries’ earnings and future returns as well.

The petcoke gasification project of Reliance Industries is among the largest in the world. The company has decided to replace expensive imported Liquefied Natural Gas (LNG) with low-cost petcoke gas. This will help the company to add USD 2 per barrel to its Gross Refining Margin (GRM). It will also be focusing on Refinery Off-Gas Cracker (ROGC) project to reduce the cost of raw materials in the petrochemical segment. This will increase its GRM by USD 1.

Reliance Jio aims to get around 10 crore telecom subscribers. As per CLSA, this will add another USD 25 billion to Reliance Industries’ market cap.

Reliance Industries’ Business

Founder of Reliance Industries, DhirubhaiAmbani started his business venture as a polyester yarn trader. Today, the company is one of the largest private companies in the world. It produces oil and gas, makes petrochemical intermediates, refines thecrude product,and produces and sells branded textiles. This growth has been possible due to its unwavering focuson the oil, gas, and petroleum business in the last 20 years.

Reliance Industries partnered with British Gas and ONGC in the PannaMukta and central and southern Tapti blocks. The company also has conventional oil and gas blocks in places like Cambay Basin, Krishna Godavari, Sohagpur,Gujarat-Saurashtra, Mahanadi, and Cauvery Palar, among others. Its Krishna Godavari basin is an example of the biggest investment in gas exploration and production in India.

Internationally, Reliance Industries has inked Production Sharing Contracts (PSC) for two offshore blocks in Myanmar. It also has conventional blocks in Yemenand Peru. In 2010, the company invested in partnerships to drill, explore, and produce shale oil and gas in the United States.

When Reliance Industries began its operations in the petroleum refining segment, the Indian economy flourished. Reliance Industries initiated its facility in Jamnagar in 1999. From an importer of petroleum products, the country became a net exporter within just 3 years. The Jamnagar plant has a capacity of 6 crore tons a year.

Reliance Industries has been a leader in refining operations. Its unmatchable execution of projects at a high speed and at low prices makesit stand out from the rest. At present, the company has become a significant player in the global market.

Reliance Industries’ Radio

Last month, Reliance Industries rolled out its ‘R-Radio’ for employees. Through the medium of radio, the employees will be able to give and take suggestions on management. This is a part of the company’s focus towards human resources to attract and motivate them.

Summary

According to CLSA, a brokerage company, the year 2016 will be the biggest year for Reliance Industries.

Reliance Foundation Gives Puducherry Government INR 1.11 Crores

December 24, 2015
The philanthropic arm of MukeshAmbani-led Reliance Industries, Reliance Foundation presentedthe Chief Minister of Puducherry, N.Rangaswamy with a cheque of INR 1.11 crore to expand facilities in the critical healthcare segment in the hospital attached to State-run Indira Gandhi Medical College and Research Institute.
A release issued by the Chief Minister’s office stated that Reliance Foundation is providing the fund as a part of its Corporate Social Responsibility (CSR). It further stated that the money will be used for providing modern equipment to the hospital for its ultrasound scan and other departments.

A group of officials from the Foundationmet the Chief Minister and gave him the cheque.

Platts Global Energy Awards

Recently, Reliance Industries bagged the Platts Global Energy Award in the category of CSR. The awards are known as the ‘Academy Awards’ in the field of energy. This year’s 17thPlatts Global Energy Awards took place at Cipriani (Wall Street) in New York City.

Platts is a resource on metals, energy, agriculture and petrochemicals. It is a part of the McGraw-Hill group. Platts said that Reliance Industries is the second highest company by market value. In 2015, the company gained a revenue of USD 62.5 billion.

Platts appreciated Reliance Industries’ work in the fields of health, disaster response, rural transformation, and sports, among others. It said, “Judges admired its robust long-standing portfolio, deriving much of its revenue from verticals in the energy value chain, including businesses in exploration and production, refining and marketing and petrochemicals.” It further stated that the company has balanced its portfolio with its ventures in the field of retail, media, and telecommunications.

Reliance Foundation undertakes the CSR activities of Reliance Industries. Reliance Foundation is headed by its Chairperson Nita Ambani. The Foundation has touched the lives of over 40 lakh people across the country living in over 5,500 villages and urban places.

Reliance Jio’s 4G Preparations

Reliance Jio is preparing itself to make a soft launch on 27th December. The company has already launched its Wi-Fi services for people in 160 places across the country.

It deployed its high-speed Jionet services for free at a number of places like Jammu, Indore, Ahmedabad, Mumbai, Mussoorie, Surat, Bhubaneshwar, Kolkata, and Lucknow.

The Wi-Fi service, which is in the testing phase, offers speeds between 10 Mbps and 40 Mbps. Users will have to select the Wi-Fi network on his device and log in to use the network. They will have to enter a verification code sent to their registered mobile numbers. Users will be automatically logged out if there is no activity for half an hour. After this, you would need to re-enter the code, which has a validity of 24 hours.

Interbrand’s List

Interbrand India, part of Omnicom Group, recently published its list of ‘Top 30 brands of India 2015.’According to their data, Reliance Industries remains at the second position, just as in the previous year. It said that Reliance Industries is the second best technology brand in the country.

Summary

Reliance Foundation donated INR 1.11 crores to the government of Puducherry for enhancing health care facilities.

Reliance Industries to Focus on HR Transformation

December 11, 2015

Mukesh Ambani-led Reliance Industries will soon be launching Reliance Jio 4G services and completing the USD 33 billion CAPEX cycle. Ahead of this, the company is focusingon HR transformation to engage, encourage, and retain talent.

Reliance Industries’ Programs

Reliance Industries has rolled out a program named ‘Celebrate Careers’. It is a program dedicated to commemorating life at work. This program is driven by Executive Director of the company’s board, HitalMeswani. The program will identify the best performances and achievements of employees, appreciate and reward them, and celebrate their careers.

Reliance Human Resource Transformation program has gained momentum in the past year. Ambani had also rolled out a radio engagement program named R-Voice. Through this program, employees may express their opinions freely. The program is aimed to make Reliance Industries, ‘a listening organization’.

Meswanirevealed that the company’s program has received 81% participation. This will help the conglomerate understand what employees are thinking, and gain an insight into what is working well and where more focus is required.

Reliance Industries will also be launching ‘Manager Best Practices’, this month. This program will be rolled out through R-Radio. It is an innovative digital platform, where employees will hear and learn the best practices adopted by managers in the company.

Meswani further added that in the wake of R-Radio, the company will constantly support the leaders and managers with two more tools. These tools will assist them to develop people management skills. The learning tools include articles and courses on employee engagement, and a communication playbook, which will suggest practices for leveraging communication among teams.

In November, Reliance Industries also launchedSamman, a recognition program. The program has been developed and modified for almost a year.

Views of OC Tanner

To cultivate the best HR practices, Reliance Industries associated itself with OC Tanner. India Managing Director (MD) of OC Tanner, Ty Brownbelieves that any transformation requires time. He feels that Reliance Industries is heading in the right direction. He also said that appreciation is seldom used in leadership.

Director and Chief Recognition Strategist of OC Tanner, Zubin Zack said that success is linked with strong practices. “We integrate these with education of managers to know more about how an appreciation culture can improve productivity and allow leading teams more effectively”, he added.

Plans of Reliance Jio

Reliance Jio is planning to take over some small telecom companies to earn market share and compete with other major telecom operators. The company may also enter into partnerships with other operators. It has already partnered with Anil Ambani’s Reliance Communications to share spectrum space.

Reliance Jio had earlier decided to spend INR 1 lakh crore for its telecom venture. The company has already invested 75% of the amount. It is gearing up to position itself as a digital content company in the market. Reliance Jio will offer a number of application based services to customers. These include Jio Money – a mobile wallet, Jio Chat – a messaging application, and Jio-net internet services, among others.

Summary

Reliance Industries will be focusing on HR transformation to engage, encourage, and retain talent.

Hital Meswani to be the HR Director at Reliance Industries

August 5, 2015

Reliance Industries has appointed Hital Meswani as its new HR Director. Meswani has already played a leading role in some of the biggest projects of Reliance Industries. This includes building of the Hazira petrochemical and the Jamnagar refinery complexes.

Meswani replacing Jha

Meswani will be replacing Prabir Jha, who left on 29th July. Two days later, a mailinforming the appointment of Meswani was sent to the employees. It mentioned that employees who directly reported to Jha will now be reporting to Meswani. It also said that the reportees should work hard to give Reliance Industries a ‘truly transparent and meritocratic culture.’

Jha had made several changes to alter the work culture and appraisal processes of Reliance Industries. He then suddenly quit the company. Reliance Industries preferred to choose a familiar face and family insider to quickly overcome the situation. Meswani had already been a part of the HR activities. Moreover, the team members also knew him.

Some consultants compare this change to a doctor and a chemist. They said that a qualified medical practitioner is more likely to solve a problem than a chemist. A consultant said, “To build a brand, a repeat performance is needed. Indian companies know they need to build a workplace where their employees feel that they are integral to the company.”

About Hital Meswani

Hital Meswani has done chemical engineering from University of Pennsylvania’s School of Engineering and Applied Sciences. He graduated with Honors in the Management and Technology program. He has also gained Bachelor of Science Degree in Economics from Wharton Business School.

Meswani has been a part of Reliance Industries since 1990. In 1995, he was admitted to the Board. This was the time when Reliance Industries started building its refinery at Jamnagar. Reliance Industries’ Jamnagar refinery is considered to be the largest in the world.

Meswani has a lot of responsibilities at Reliance Industries. He looks after the petroleum refining venture and all activities of research, technology, manufacturing and execution. Meswani is a Director of Reliance Industrial Investments and Holdings Limited and Chairman of its Audit Committee. He is also a Director of Reliance Commercial Dealers Limited and member of its Audit Committee. He is the Chairman of the Health, Safety and Environment Committee at Reliance Industries. Besides, he is also a member of the Finance Committee and Shareholders’/Investors’ Grievance Committee.

For his work in the process industries, Meswani has won an award of Honorary Fellowship by Institution of Chemical Engineers (IChemE). IChemE is the International Professional body for Chemical, Biochemical and Process Engineers.

Meswani family’s association with Reliance Industries

Nikhil Meswani, the elder brother of Hital Meswani is the Executive Director at Reliance Industries. Their father, Rasiklal Meswani was the first cousin of Reliance Industries’ Founder Chairman, Dhirubhai Ambani.

Both Nikhil and Hital have been a significant part of Mukesh Ambani’s team. They are termed to be the ‘second most important pair of brothers in India Inc.,’ after Mukesh and Anil Ambani. Nikhil Meswani earlier dealt with government related negotiations. He now looks after Reliance Industries’ petrochemical business.

Summary

Hital Meswani will now take up the responsibility of an HR Director at Reliance Industries, replacing Prabir Jha.