Reliance Industries becomes 1st Indian firm to hit Rs 10 lakh crore milestone in market cap

Oil-telecom-to-retail major Reliance Industries made history on Nov 28 to become the 1st Indian company to hit Rs 10 lakh crore milestone in market capitalisation.

This makes RIL chairman Mukesh Ambani the 12th richest man in the world and Asia’s richest with personal wealth of $60.7 billion, narrowing the gap with Larry Ellison, founder and largest shareholder of Oracle, with personal wealth of $61.6 billion, according to Bloomberg Billionaires Index.