RRVL at $100-billion valuation milestone; well positioned to serve consumption needs of fast-growing economy: Mukesh Ambani

Reliance Retail undertook equity fund raise of Rs 17,814 crore during the year.

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26 Aug, 2025 12:21

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Reliance Retail Ventures Limited (RRVL) is “well positioned” to serve the consumption needs of the fast-growing economy, according to the Chairman and Managing Director of Reliance Industries, Mukesh Ambani.

“The world is now realising the enormous potential of India. ‘Invest in India’ is being advocated globally. Reliance Retail’s vision of inclusive development for millions of consumers and merchants, coupled with the unprecedented growth of the Indian marketplace, has resulted in marquee names investing in RRVL at a US$ 100 billion valuation milestone,” Mukesh Ambani said in the annual report of Reliance Industries released on August 7.

Reliance Retail undertook equity fund raise of Rs 17,814 crore during FY24.

ALSO READ: Reliance Retail clocks 28% jump in EBITDA in FY24, bets on partnerships, acquisitions to fuel growth

The company’s ‘New Commerce’ initiative is also playing an important role in supporting small indigenous merchants and kirana shop owners. This year the company introduced a ‘Swadesh’ store, promoting traditional art forms, as well as artisans, according to the annual report.

“We have always believed that the demand for India’s age-old crafts is at par with prominent global brands, and our belief has been vindicated by the overwhelming response to our Swadesh stores,” Ambani said.

According to Ambani, working population soaring to 450 million, and household incomes on an upward trajectory are enabling the growth of the company. “With increase in disposable income, the demand for goods and services is expanding rapidly. As India’s largest retailer, Reliance Retail is perfectly positioned to serve the consumption needs of our fast-growing economy,” he said.

The annual report also stated RRVL's objective to strengthen the end-to-end value chain to serve the fast fashion opportunity, leveraging growing demand for premium and luxury products in India, and scaling up their brands and formats.

"Reliance Retail’s commitment to the Indian retail sector is evident through the substantial investments made across the retail value chain over the years. Reliance Retail remains steadfast to innovation across formats and products to improve customer experience and serve evolving consumer needs," the annual report added.

The Indian retail market is one of the fastest-growing markets in the world and is expected to cross $1.4 trillion by 2027. Rising demand for premium and luxury products further fuels this growth trajectory, reflecting the evolving preferences with rising disposable incomes.