The years from 2010 to 2020 were about Reliance diversifying away from oil, and creating two mega businesses - in telecom and retail.
Now we have a machine that is at zero debt, and primed to generate cash at greater than ever before levels.
For a company with the mantra “Growth is Life”, clearly they will not be sitting idle. And the level of execution capacity they have built up will be totally wasted if they sit idle. That is out of the question.
So which areas will Reliance focus on, as the growth triggers for the next 10 years?
One answer is immediately obvious: Life Sciences. They have already made huge investments in this space, and have good traction - plus Corona environment means that this space is clearly very important focus area for Reliance.
I also believe Financial Services would be a natural extension of their entry into Consumer facing businesses. They have a joint venture with SBI for Payments Bank, which hasn’t done much so far, but will be focus area of future.
Entertainment is another space. They already own a lot of media and content players - but I think this space has just scratched the surface in India.
Agriculture, with recent farm reforms, could fit in nicely with their supply chain in Reliance Retail.
Reliance has already shown intent in these spaces, and each of these spaces is big enough to justify the insatiable appetite of Reliance!
The next 10 years will surely be exciting for shareholders of the company.
Now we have a machine that is at zero debt, and primed to generate cash at greater than ever before levels.
For a company with the mantra “Growth is Life”, clearly they will not be sitting idle. And the level of execution capacity they have built up will be totally wasted if they sit idle. That is out of the question.
So which areas will Reliance focus on, as the growth triggers for the next 10 years?
One answer is immediately obvious: Life Sciences. They have already made huge investments in this space, and have good traction - plus Corona environment means that this space is clearly very important focus area for Reliance.
I also believe Financial Services would be a natural extension of their entry into Consumer facing businesses. They have a joint venture with SBI for Payments Bank, which hasn’t done much so far, but will be focus area of future.
Entertainment is another space. They already own a lot of media and content players - but I think this space has just scratched the surface in India.
Agriculture, with recent farm reforms, could fit in nicely with their supply chain in Reliance Retail.
Reliance has already shown intent in these spaces, and each of these spaces is big enough to justify the insatiable appetite of Reliance!
The next 10 years will surely be exciting for shareholders of the company.