The Mukesh Ambani-owned Reliance Industries Limited (RIL) is next only to the iPhone maker Apple in the list of world’s top companies prepared for the future that enjoy the confidence of their employees as well as consumers and have responded well to the coronavirus pandemic.
The FutureBrand Index is a global brand perception study based on the PwC Global Top 100 Companies by market capitalisation.
FutureBrand, said part of Reliance’s success could be attributed to Mukesh Ambani’s recasting of the firm as a one-stop-shop for Indians. “The chairman built on the existing petrochemicals business, transforming it into a digital behemoth designed to meet every customer need, according to ET.
Future brand also said, ‘Today the company is doing business in many sectors including energy, petrochemicals, textiles, natural resources, retail and telecommunications. Now that companies like Google and Facebook are buying stakes in Reliance’s subsidiary company, we can see Reliance in the top position next year. ‘
The 2020 list is topped by Apple, while Samsung is ranked third, followed by Nvidia, Moutai, Nike, Microsoft, ASML, PayPal and Netflix.
Reliance ranks 91st on PWC 2020 list, it said.
PricewaterhouseCoopers, PwC is an international global services firm. Besides being one of the members of the ‘Big-4’ accountancy firms, PwC is also the world’s largest professional services firm by revenue.
Earlier, on June 22, Reliance Industries Ltd (RIL) became the first Indian firm to hit a market valuation of $150 billion during the day.
The company is ranked 106th on the Fortune Global 500 list of the world’s biggest corporations as of 2019. It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries.