Reliance Industries Ltd. has achieved a significant milestone by entering the global top 25 companies list, with a net worth of \$118 billion for FY25. On April 25, India’s largest conglomerate joined the ranks of global corporate giants like Saudi Aramco, Alphabet Inc., and Microsoft, as per net worth rankings.
Mukesh Ambani’s Reliance Industries has become the first Indian company to cross the 10 lakh crore net worth mark. With a net worth of \$118 billion, Reliance secured the 21st position globally. It is closely trailing companies such as Alibaba Group, AT\&T Inc., and France’s TotalEnergies, according to data from Bloomberg. Leading the list is Saudi Aramco with a net worth of \$440 billion, followed by Alphabet Inc. at \$345 billion and Microsoft at \$303 billion.
The list is heavily dominated by energy companies, with eight of the top 25 belonging to that sector, highlighting its capital-intensive nature. Communication Services and Consumer Discretionary sectors follow with five and four companies, respectively. Notably, financial companies were excluded from this ranking. Net worth, also referred to as shareholder equity, indicates a company’s financial strength. It is calculated by subtracting total liabilities from total assets.
“This year has been challenging for the global business environment, with weak macroeconomic conditions and a shifting geopolitical landscape,” said Mukesh Ambani, Chairman of Reliance Industries. “Our focus on operational discipline, customer-centric innovation, and fulfilling India’s growth requirements has helped Reliance deliver a steady financial performance during the year,” he added.
Reliance also became the first Indian company to surpass 10 lakh crore in net worth. For FY25, the company reported a 3% rise in net profit, reaching 81,309 crore (\$9.6 billion), while net revenue climbed by 7.1% to 9.6 lakh crore. EBITDA hit a record 1.7 lakh crore, reflecting a 2% year-on-year growth. Prior to the earnings announcement, Reliance shares remained stable, closing at 1,300.40 on the NSE. The stock has risen 7% year-to-date, outperforming the Nifty50 index, which has gained less than 2% in the same period.