The corporate governance committee did not bother to have a discussion with me while considering
the issues that were originally raised by me. I am in a minority when it comes to issues like corporate
governance, transparency as well as rewarding shareholders.
–Anil Dhirubhai Ambani
INTRODUCTION
Dhirubhai H. Ambani in 1932 founded Reliance, and today it is one of the largest conglomerates in
the private sector. It initially started as a textile company and today, with the aid of backward vertical
integration, it has entered into polyester, fi bres, plastics, petrochemicals, petroleum refi ning and oil and
gas exploration and production, etc.
ABOUT ANIL DHIRUBHAI AMBANI GROUP (ADAG)
Anil Dhirubhai Ambani Group (also known as Reliance group), headquartered in Navi Mumbai,
India, was formed after the division of Dhirubhai Ambani’s group and is now headed by Anil Ambani
(Dhirubhai Ambani’s younger son).
“Reliance Communications” is the fl agship company of ADAG. Other companies under the Reliance
group are as follows:
Reliance Capital
Reliance Infrastructure
Reliance Health
Anil Dhirubhai Ambani Group
(ADAG)
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9_Reliance ADAG.indd 1019_Reliance ADAG.indd 101 6/6/2012 9:52:26 AM6/6/2012 9:52:26 AM

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