Reliance Industries Limited
The company took 12 years to reach Rs 10 lakh crore in 2017, up from Rs 1 lakh crore in 2005, and another five years to double to Rs 20 lakh cr.
RIL became the first Indian business to exceed Rs 20 lakh crore in market value. The company took 12 years to reach Rs 10 lakh crore in 2017, up from Rs 1 lakh crore in 2005, and another five years to double to Rs 20 lakh crore.
RIL doubled its market capitalization to Rs 2 lakh crore in 418 days, up from Rs 1 lakh crore in August 2005. It then doubled again, reaching Rs 4 lakh crore in around six months by October 2007. Another milestone was attained a decade later, when its market capitalization surpassed Rs 5 lakh crore in July 2017.
Furthermore, the company reached Rs 10 lakh crore in November 2019.
When the company reached the Rs 1 lakh crore market capitalisation milestone, it declared a profit of Rs 7,572 crore on an annual revenue of Rs 73,164 crore. By 2017, when its market capitalization surpassed Rs 5 lakh crore, the company’s sales had risen to Rs 2.51 lakh crore, with a net profit of Rs 29901 crore. Reliance Industries’ profit for fiscal year 2023 grew to Rs 73,670 crore on a revenue of Rs 9.75 lakh crore.
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