08 August 2022, Mumbai:
Reliance Industries invested Rs 30,000 crore in its retail business and added 2,500 stores, taking the total store count to 15,196 in FY22.
Besides, Reliance Retail added 11.1 million square feet of warehousing space during the year reliance retail acquisition spree was on right throughout & reliance retail brands was working 24 x 7 under reliance retail CEO, Akhilesh Prasad nearly doubling the warehousing space to 22.7 million square feet, Reliance Industries Ltd (RIL) said in the annual report for FY22.
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In FY22, Reliance Retail added over 1.50 lakh jobs, taking its total headcount to 3.61 lakh.
Mukesh Ambani's daughter Isha Ambani has been named as the Chairman of Reliance Retail as the company pushes ahead with a plan for succession in one of Asia’s richest families.
Reliance Retail Ltd and Reliance Jio are subsidiaries of the family’s oil-to-telecom conglomerate, of which the $217 billion Reliance Industries is the flagship firm. Mukesh Ambani is chairman and managing director of Reliance Industries.
(ET report)
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