Reliance AGM 2024: Mukesh Ambani contributed to government treasury and deposited Rs 5.50 lakh crore

Money invested in government treasury from Reliance

Reliance Industries is the most valuable company in the country. Its market capitalisation is over Rs 20 lakh crore. All the credit for taking the company to this point goes to Chairman Mukesh Ambani, but do you know that Mukesh Ambani and his company Reliance Industries are also important to the government exchequer of the country, because the company deposits billions of rupees in the government exchequer.

Yes, in the last 3 years, Reliance Group has deposited Rs 5.5 lakh crore in the government treasury. This is the largest contribution made by any company in the country to the government exchequer. In the financial year 2023-24 alone, the company has deposited Rs 1,86,440 crore in the government treasury.

At Reliance’s Annual General Meeting, Mukesh Ambani also provided information on the company’s other financial results. This includes information ranging from the company’s revenues to its CSR expenditures. You can understand this in just 7 points…

Reliance Financial Statement

Mukesh Ambani has provided important insights into the company’s financial status at Reliance AGM. You can understand them in 7 points…

1. Reliance Industries’ consolidated revenue crossed Rs 10 lakh crore in the financial year 2023-24. It is the first company in the country to do so.
2. Reliance Industries’ net profit for the financial year 2023-24 stood at Rs 79,020 crore.
3. Reliance Industries has exported Rs 2.99 lakh crore in the financial year 2023-24. This is 8.2 per cent of the country’s total exports.
4. In the last 3 years, Reliance Industries has invested Rs 5.28 lakh crore.
5. Reliance Industries is the highest tax paying company in the country. In the fiscal year 2023-24, the company deposited Rs 1.86 lakh crore as tax. In the last 3 years it has been Rs 5.50 lakh crore.
6. The company’s annual spend on Corporate Social Responsibility (CSR) increased by 25 per cent in the fiscal year 2023-24. This has become Rs 1,592 crore. While in the last three years it has been Rs 4,000 crore.
7. Reliance Industries created 1.7 lakh new jobs last year. Its total number of employees has reached 6.5 lakh.