Reliance is India’s largest company with respect to revenue, as per Fortune and one of the few Indian entries into the global Fortune 500 list. Operating in a key sector, along-with its intent to invest in India’s energy security, it is also one of the highest tax contributors to the govt., a large-scale employer, and has a significant outlay of funds towards corporate social responsibility. It continues to hold close the principle espoused by its founding father – ‘what is good for India, is good for Reliance’. It puts this principle into practice by its firm belief in value creation equally for shareholders by way of market capitalization, employees by way of training and skill-building, society by way of employment generation and tax contribution and customers by way of offerings and service in every nook and corner of the country.
Its philanthropic arm, the Reliance Foundation works with some of the most vulnerable and marginalized communities in the country, with a view to enhance the quality of their lives. The Foundation lays significant emphasis on leveraging technology for developmental solutions. Following its model of direct engagement, the Foundation directly reaches out to the affected communities through trained professionals. The Foundation is currently focusing on creating change in areas of Rural Transformation, Health, Education, Sports for Development, Disaster Response, Arts, Culture & Heritage and Urban Renewal.
Reliance contributed about 500 crores toward the COVID-19 response and another 50 crores each to the state govts. of Maharashtra and Gujarat. It also responded to the critical need for medical grade liquid oxygen during COVID-19 crisis.