Reliance Retail achieve $10 Billion Sales Mark
Mukesh Ambani's Reliance Retail has become the first retailer in India to cross the $10 billion sales mark after doubling its revenue during the year that ended in March.
The firm's previous year's revenue currently stands at ₹69,198 crore, which is the combined total of revenue from rival firms like Avenue Supermarket, Future Group, Tata Trent and Shoppers Stop.
However, since Reliance also deals in fuel retailing business, its number cannot be directly compared with contenders that run food and grocery supermarkets and lifestyle department stores.
Mukesh Ambani, Chairman of Reliance Industries said while interacting with the media,
We have established strong foundations in retailing and digital services business with world-class supply chain management and network inf...