Reliance Retail Created 65,000 New Jobs Even Amid COVID-19: Mukesh Ambani

Billionaire Mukesh Ambani, Chairman and Managing Director of Reliance Industries, while addressing the company's 44th Annual General Meeting virtually announced that Reliance Retail created more than 65,000 new jobs, and over the next three years, it plans to create employment for over 10 lakh people. The subsidiary of Reliance Industries, the retail company currently employs more than 2 lakh, making it one of the largest employers in the country. (Also Read: Mukesh Ambani's Virtual Address To Reliance Shareholders On 44th AGM: Highlights )

Mr Ambani, while revealing details of the conglomerate's business and financial performance said that Reliance added nearly 75,000 new jobs in the past year, even amid challenges posed by the COVID-19 pandemic. He mentioned that Reliance Retail is only a decade old and Reliance Jio is five years old in the business.

Reliance also added 1,500 new stores taking its total store count to 12,711 across the country in the past year. Reliance Retail sold more than a billion units of groceries, while JioMart registered more than 6.5 lakh peak orders in a single day.

Reliance Industries - the largest company in terms of market capitalisation in India, reported a net profit for the year was Rs 53,739 crore, higher by 34.8 per cent compared to the previous year. At Rs 1,45,143 crore, Reliance is the country's largest exporter accounting for 6.8 per cent of India's total merchandise exports across 107 countries.

Meanwhile, Reliance Industries will also invest a sum of ₹ 60,000 crore in its new green energy business during the next three years, under which it will set up four units called ‘giga factories' in Gujarat's Jamnagar.