Yes, Reliance Retail Venture Limited, headquartered in Mumbai, is an Indian company. It is managed by Reliance Industries Limited, which owns 85.12 percent of the company. It is the fastest growing, largest, and most profitable company in India. Groceries, foods, footwear, lifestyle and electronics goods, consumer goods, consumer durables, energy, travel services, internet, entertainment and leisure, health and well-being products, personal hygiene, home care, and beverages are all available from the company. Popular Reliance Retail brands include JioMart, Jio Store, Reliance Digital, Reliance Trends Footwear, AJIO, and Reliance Mall. Reliance Retail Venture Limited had 12711 stores with a retail area of 33.8 million sqft in 700+ cities across India in August 2022.
With a market capitalization of approximately Rs 19 lakh crore, Reliance Retail Venture Limited is the retail industry’s market leader. The company is not currently listed on a stock exchange, but an IPO is likely in the near future.