RIL’s milestone: First Indian firm to hit Rs 20 trillion m-cap; here’s a look at the stock’s journey

It took the company 12 years to reach Rs 10 lakh crore in 2017 from Rs 1 lakh crore in 2005 and five more years to double to Rs 20 lakh crore.

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Reliance Industries Ltd (RIL) became the first Indian company to reach Rs 20 lakh crore in market value. It took the company 12 years to reach Rs 10 lakh crore in 2017 from Rs 1 lakh crore in 2005 and five more years to double to Rs 20 lakh crore.

Along the way, RIL doubled its market cap to Rs 2 lakh crore within 418 days from Rs 1 lakh crore in August 2005. It then doubled again to Rs 4 lakh crore within approximately six months by October 2007. Another milestone was reached a decade later when its market cap hit Rs 5 lakh crore in July 2017.

Further, the firm hit Rs 10 lakh crore in November 2019.

When the firm reached the Rs 1 lakh crore market cap milestone, it reported a profit of Rs 7,572 crore on annual revenue of Rs 73,164 crore. By 2017, when it crossed Rs 5 lakh crore market cap, the company’s revenue rose to Rs 2.51 lakh crore and net profit to Rs 29,901 crore. In fiscal year 2023, Reliance Industries’ profit increased to Rs 73,670 crore on a revenue of Rs 9.75 lakh crore.

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