Ambani's Reliance Industries scripts history, first Indian company to cross $120 Billion revenue milestone

Reliance Industries Limited (RIL) has reached a historic pinnacle in the Indian corporate landscape, becoming the first domestic entity to surpass the $120 billion revenue mark. In its latest financial disclosure for the fiscal year 2025-26, the oil-to-retail conglomerate reported a staggering gross revenue of $124 billion. This achievement marks a monumental journey for the firm, which originated as a textile dream in 1966 and has now transformed into a global powerhouse with diversified interests across energy, retail, and digital services.

The record-breaking revenue follows another significant milestone achieved just a month prior, when RIL became the first Indian firm to cross the $10 billion threshold in annual net profit. The company reported a bottom line of $10.1 billion (approximately Rs 95,610 crore), calculated at a year-end exchange rate of 94.4 to the dollar. To put this financial strength into perspective, Reliance’s annual net profit now exceeds the combined earnings of India’s top three IT majors—TCS, Infosys, and HCL Tech.

Driving this growth were robust performances across its various business verticals. The digital segment saw an 18% year-on-year growth, fueled by a surge in 5G subscribers and higher broadband engagement. Meanwhile, the retail division grew by 8% through the successful scale-up of hyperlocal commerce. Remarkably, even the Oil to Chemicals (O2C) business witnessed a 10% EBITDA growth, showcasing resilience despite international sanctions and global market dislocations toward the end of the fiscal year.