Mukesh Ambani continues to assert his position as he leads Reliance Industries Limited to become India's most valuable company, with strategic businesses including oil and gas, telecommunications and retail. In a year when all the members of the Forbes India Rich List's top 10 saw their fortunes increase, Ambani was no exception. His total assets increased by $27.5 billion to $119.5 billion, helping him maintain his position as India's richest person.

Growth strategy and growth drivers
Reliance Industries now has a market capitalization of INR 17.05 lakh crore (as of November 18), partly due to strong growth in its three main profit pillars. However, to maintain its leadership, Ambani needs to continue to drive operational efficiencies in existing businesses, while also realizing the potential of new energy projects and plans for public offerings of retail and telecom. These moves will not only unlock value but also create future growth drivers.

According to independent market analyst Ambareesh Baliga, the market today is no longer willing to believe in growth stories but needs to see real results. While Reliance Industries’ performance has been strong, the renewable energy projects the group is pursuing will take time to yield tangible results.

Expanding retail and commerce quickly
Recently, Reliance Retail has attracted investment from big names such as Abu Dhabi Investment Authority, KKR and Saudi Arabia’s Public Investment Fund. These investments were made at pre-money valuations ranging from $52 billion to $64 billion, making Reliance Retail India’s largest retailer.

In addition to continuing to grow its traditional retail businesses such as fashion, electronics and consumer goods, Reliance Retail is also expanding into quick commerce. This model of providing goods with super-fast delivery times through the company’s network of more than 1,500 grocery stores. If successful, this could become an important growth driver, adding to the steady revenue stream from its current businesses.

Future Outlook
Mukesh Ambani and Reliance Industries are facing a great opportunity to continue to consolidate their number one position in India. With a solid financial foundation, strategic expansion plans and the ability to attract strong investment flows, his company promises to continue to grow in the future. The market is waiting for the real results from the new projects, and if the plans are implemented effectively, Reliance Industries will go further on the global economic map.