1,000 invested in RIL shares in 1977 is today worth Rs 16.50 lakh: Mukesh Ambani in 40th AGM

Mumbai: Speaking at the 40th Annual General Meeting of Reliance Inudstries Ltd(RIL), Chairman and Managing Director of the company Mukesh Ambani said, “in just 4 decades, Reliance has grown from a small startup to one of the largest, most admired companies in the world.”

“Our turnover has grown from 70 crores in 1977 to over 330,000 crores today – an increase of nearly 4,700 times,” Ambani said adding that the total assets have increased from 33 crores to over 700,000 crores and a multiple of over 20,000 times. Above all, market capitalization has multiplied from ten crores to over five lakh crores.

He said, “one thousand rupees invested in Reliance shares in 1977 is today worth Rs 16,54,503 – over 1,600 times more valuable. In simple terms, this means that your money has doubled every two and a half years over the past 40 years.”

Ambani said he wants to dedicate these 40 years of achievements and records to founder Chairman Shri Dhirubhai Ambani.

DeshGujarat