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Mukesh Ambani's RIL equals half of Pakistan's GDP

RIL market cap, Reliance Industries Limited, Pakistan GDP, Mukesh Ambani,   News,  Latest  News,  Headlines, Business News
Reliance Industries Limited(RIL) of Mukesh Ambani, Asia's richest man, is the first company in the country whose market cap crossed 10 lakh crore on Thursday. RIL has now become such a big company that its value is equal to half the GDP of Pakistan. Pakistan's GDP is around Rs 23 lakh crore.

Compared to India's GDP, it is about 5.26 percent. India's total GDP is Rs 190 lakh crore. There are 156 countries in the world whose GDP is less than RIL. In the last 30 years, the company's market value has increased by 60 thousand percent.
The company had a market cap of Rs 1 lakh crore in August 2005. In 14 years, the RIL market cap has increased 10 times. It took RIL 12 years to become a 1 lakh crore to 5 lakh crore company. It's market value in July 2017 was Rs 5 lakh crore. It's market value doubled in the last two years. Mukesh Ambani currently has a net worth of $ 61 billion, while in 2017 his total assets were $ 23 billion.
Reliance Industries Limited still has a long way to go. It ranks ninth among the top-10 companies in the world in terms of market cap. In terms of value, Saudi Aramco is the world's largest company with $ 1700 billion. Apple is in second place with a value of $ 1190 billion, third is Microsoft, which is valued at $ 1162 billion. Reliance Industries has a market cap of $ 140 billion at number ninth and Chevron at number eight, which has a market cap of $ 223 billion.
RIL market cap, Reliance Industries Limited, Pakistan GDP, Mukesh Ambani,   News,  Latest  News,  Headlines, Business News

In terms of value, TCS with 7.8 lakh crore is at number two, HDFC Bank with a value of 6.9 lakh crore at number three, Hindustan Unilever at number four with value at 4.5 lakh crore and HDFC at number five with value at 3.9 lakh crore. At number ten is Infosys, which has a market cap of Rs 2.9 lakh crore. The only public sector bank in the top-10 is SBI, which has a market cap of Rs 3.1 lakh crore and is at number seven.
Loan for growth
The company used debt for growth. Investors were also worried at times. Consolidated debt (consolidated debt at the group level) stood at Rs 72,256 crore on the company in FY 2009, an increase of 277 percent to Rs 2.87 lakh crore by 31 March this year. The company has promised to reduce it. She has said that she will be debt-free by 2021. Global-foreign brokerage firms are bullish on its stock due to Reliance Industries Limited's outstanding performance. So far this year, the company's share price has increased by 40 percent.