Company Overview of Reliance Retail Limited
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...
Maker Chambers IV
222, Nariman Point
Founded in 1998
Key Executives for Reliance Retail Limited
President and Chief People Officer
Chief Operating Officer of Value Formats
Chief Executive Officer of Value Format Division
President of Corporate Planning
Senior Vice President of Corporate Affairs Division
Compensation as of Fiscal Year 2013.
Reliance Retail Limited Key Developments
Payless ShoeSource Continues Global Expansion with Franchise Deal with Reliance Retail
Nov 13 13
Payless ShoeSource announced an exclusive Pan India franchise arrangement with Reliance Retail. According to the arrangement Reliance Retail Limited, a division of India's larger private sector company, Reliance Industries Limited, will partner with Payless ShoeSource as its exclusive franchisee in India to establish the Payless ShoeSource retail chain in India. The arrangement is aimed at leveraging Payless' capabilities of creating a unique and delightful store experience through a trend-right product mix that appeals to the budget-conscious shopper, and Reliance's established competencies in the Indian retail sector of building strong retail networks and running the store operations nationwide efficiently. Reliance Retail will replicate the experiential elements of Payless stores around the world and will offer an entire footwear and fashion offering to the family.
Reliance Retail Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2013
Oct 13 13
Reliance Retail reported earnings results for the second quarter and six months ended September 30, 2013. The company reported a 31% increase in turnover at INR 34,560 million for the quarter ended September 30, 2013. The company had reported a turnover of INR 26,380 million in the corresponding quarter a year ago.
The company reported a turnover of INR 69,300 million for the first six months of the financial year, a growth of 41% compared with INR 49,150 million in the corresponding period last year. The company achieved profit before depreciation, interest and taxes of INR 1,650 million in the first half of Fiscal Year 2014.
Reliance Market to Open Outlet in Guntur
Jul 4 13
Reliance Market is set to enter Andhra Pradesh with its outlet in Guntur. It will be the seventh store in the country - the other six having been launched in Ahmedabad, Mumbai, Bangalore, Anand, Faridabad, and Chennai. The Guntur Reliance Market will cater to the needs of local kirana traders, small businesses, hotels, restaurants and offices offering a wide range of regional, national and international brands to its partner members at wholesale prices.
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