July 24, 2014 3:29 AM ET

Multiline Retail

Company Overview of Reliance Retail Limited

Company Overview

Reliance Retail Limited initiate, acquire, set-up, construct, establish, maintain, run, operate and manage business centres, hyper markets, departmental stores, super markets, shopping malls, discount stores, specialty stores, shopping outlets, convenience stores etc. and to render services. The company retail outlets offer foods, groceries, apparel and footwear, lifestyle and home improvement products, electronic goods, and farm implements and inputs. The company’s outlets also provide vegetables, fruits, and flowers. The company focuses on consumer goods, consumer durables, travel services, energy, entertainment and leisure, and health and well-being products, as well as educational produc...

9th Floor

Maker Chambers IV

222, Nariman Point

Mumbai,  400021

India

Founded in 1998

Phone:

91 22 2278 5000

Fax:

91 22 2278 5111

Key Executives for Reliance Retail Limited

President and Chief People Officer
Chief Operating Officer of Value Formats
Chief Executive Officer of Value Format Division
Age: 54
President of Corporate Planning
Senior Vice President of Corporate Affairs Division
Compensation as of Fiscal Year 2014.

Reliance Retail Limited Key Developments

Reliance Retail to Close Down 100 Fresh Stores

Reliance Retail announced that it is planning to shut down over 100 Reliance Fresh stores, as it increases it's focus on India's $450 billion wholesale cash-and-carry business.

Reliance Retail And Bharti Enterprises Reportedly In Talks To Acquire India Assets Of Carrefour

Reliance Retail Limited and Bharti Enterprises Limited are understood to be in talks to buy India assets of Carrefour SA (ENXTPA:CA), that has decided to exit the country by closing its five stores, reported Business Standard citing industry sources. According to industry sources, the availability of ready-made cash and carry stores and associated infrastructure is drawing interest of Reliance Retail and Bharti. When contacted by Business Standard, Reliance Retail and Bharti Enterprises spokespersons declined to comment. Frank Kenner, Regional Director of Carrefour India, declined to comment on talks regarding selling its India assets.

Reliance Retail Announces Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Reliance Retail announced earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company posted a 38% growth in revenues at INR 39,270 million, against INR 28,390 million posted in the same period last year. The company achieved INR 1,060 million profit before depreciation, interest and taxes in the quarter. The company reported revenues of INR 108,570 million in the first nine months against INR 77,490 million in the corresponding period of the previous year, a growth of 40%. The company achieved INR 2,710 million profit before depreciation, interest and taxes in the period.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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