Reliance Communications Ltd - Stock Valuation and Financial Performance

BSE: 532712 | NSE: RCOM | Telecommunication - Service Provider | Small Cap

Reliance Comm Share Price

1.82 0.00 0.00%
as on 26-Mar'24 16:00

DeciZen - make an informed investing decision on Reliance Comm

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Reliance Communications stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
503.3 Cr.
52-wk low:
1
52-wk high:
2.5

Is Reliance Communications Ltd an attractive stock to invest in?

1. Is Reliance Communications Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Reliance Communications Ltd is a below average quality company.

2. Is Reliance Communications Ltd undervalued or overvalued?

The key valuation ratios of Reliance Communications Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Reliance Communications Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Reliance Communications Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Reliance Comm:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Reliance Communications Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 3%-1.6%1.6%-2.9%-18.7%-5.8%-151.7%-6.1%32.1%1.3%-
Value Creation
Index
-0.7-1.1-0.9-1.2-2.4-1.4NANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 12,40911,9259,9933,5372,2311,379818483345332305
Sales YoY Gr.--3.9%-16.2%-64.6%-36.9%-38.2%-40.7%-41%-28.6%-3.8%-
Adj EPS 3.5-9.1-1.5-7.2-35.7-12.4-163.7-1-0.8-0.4-4.1
YoY Gr.--357.1%NANANANANANANANA-
BVPS (₹) 152.8143.4110.396.833.744.8-119.1-136.8-157.1-195.3-199.3
Adj Net
Profit
726-2,252-372-1,796-9,870-3,429-45,260-279-228-115-1,123
Cash Flow from Ops. 3,2873,3325,164-241-1,55427067-1247-46-
Debt/CF from Ops. 10.29.56.7-151.8-23.1147.9596-3327.8849.7-868.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -33.1%-31.7%-26%-3.8%
Adj EPS -179%NANANA
BVPS-202.8%-242.1%NANA
Share Price -34.7% -15.2% 2.3% 49.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2.2-6.7-1.2-7-59.1-31.6440.30.80.60.22.1
Op. Profit
Mgn %
14.713.921.3-102.9-433.4-29.4-192.8-32.7-25.26-9.2
Net Profit
Mgn %
5.9-18.9-3.7-50.8-442.4-248.6-5533-57.7-66-34.6-368.1
Debt to
Equity
1.10.91.31.53.93.2-1.2-1.1-0.9-0.7-
Working Cap
Days
43,16081,40244,1561,7574,1128,65014,54723,96433,29934,49211,518
Cash Conv.
Cycle
9-51-105-195-222-305-584-1,452-2,081-3,005-41,328

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 2.10%

Sales growth has been subdued in last 3 years -25.96%

Sales growth is not so good in last 4 quarters at -6.91%

Latest Financials - Reliance Communications Ltd.

Standalone Consolidated
TTM EPS (₹) -4.1 -25.2
TTM Sales (₹ Cr.) 305 402
BVPS (₹.) -199.3 -271
Reserves (₹ Cr.) -56,509 -76,337
P/BV -0.01 -0.01
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 1.01 / 2.49
All Time Low / High (₹) 0.55 / 844.00
Market Cap (₹ Cr.) 503
Equity (₹ Cr.) 1,382.8
Face Value (₹) 5
Industry PE 82.5

Management X-Ray of Reliance Comm:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.0064.280.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Reliance Comm

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales12,40911,9259,9933,5372,2311,379818483345332
Operating Expenses 10,59210,2697,8787,17611,9001,7852,506641481405
Manufacturing Costs7,8558,2946,9652,9061,631889705404236151
Material Costs0000000000
Employee Cost 2862691903728143105826145
Other Costs 2,4511,7067234,23310,2417531,696155184209
Operating Profit 1,8171,6562,115-3,639-9,669-406-1,688-158-136-73
Operating Profit Margin (%) 14.6%13.9%21.2%-102.0%-433.0%-29.4%-206.0%-32.7%-39.4%-22.0%
Other Income 1,2693353210072223849
Interest 1,7961,6802,04900831397000
Depreciation 2,0481,9402,014216200277183132130116
Exceptional Items 02,9690007,197-43,072000
Profit Before Tax -7581,340-1,627-3,855-9,8696,405-45,338-252-262-180
Tax -1,4881,494-1,248-2,05913,5580000
Profit After Tax 730-154-379-1,796-9,8702,847-45,338-252-262-180
PAT Margin (%) 5.9%-1.3%-3.8%-50.8%-442.0%206.5%-5,542.5%-52.2%-75.9%-54.2%
Adjusted EPS (₹)3.5-0.6-1.5-7.2-35.710.3-163.0-0.9-1.0-0.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 31,76735,87127,45024,0849,31612,386-32,946-37,834-43,450-54,011
Share Capital 1,0321,2441,2441,2441,3831,3831,3831,3831,3831,383
Reserves 30,73534,62726,20622,8407,93311,003-34,329-39,217-44,833-55,394
Minority Interest0000000000
Debt30,12727,16627,99026,55727,95428,33528,34028,34028,34128,341
Long Term Debt22,79525,97724,33418,6299,35900000
Short Term Debt7,3321,1893,6567,92818,59528,33528,34028,34028,34128,341
Trade Payables2,0764,3853,8772,4353,1102,7303,0142,8442,8073,040
Others Liabilities 29,09,55923,90,74713,24517,25512,01118,63146,80951,43656,80262,925
Total Liabilities 29,73,52924,58,16972,56270,33152,39162,08245,21744,78644,50040,295

Fixed Assets

Gross Block56,27457,68744,52549,2835,7154,7774,7864,7924,8294,831
Accumulated Depreciation21,85125,35518,32320,7353,4853,1083,2913,4233,5533,669
Net Fixed Assets34,42332,33226,20228,5482,2301,6691,4951,3691,2761,162
CWIP 7316317,9701,19616098971006160
Investments 21,04222,42221,80221,68917,78426,74211,49611,49611,4967,496
Inventories2692011191086461322812
Trade Receivables1,9941,3341,1771,6361,6721,5272531457582
Cash Equivalents 127572792643201225274255284213
Others Assets29,14,94324,00,67714,50016,51130,28031,76031,57031,39331,30731,280
Total Assets 29,73,52924,58,16972,56270,33152,39162,08245,21744,78644,50040,295

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3,2873,3325,164-241-1,55427067-1247-46
PBT -7581,340-1,627-3,855-9,8696,405-45,333-4,889-5,617-10,561
Adjustment 2,7583673,8394,2949,084-6,44317,3045026394,916
Changes in Working Capital 134217582902-702-79929228176411449855599
Tax Paid -55-13350223016-80261400
Cash Flow From Investing Activity -343-4,391-5,2903163,97495-6-6-20-24
Capex -668-1,383-13,3451,003-157484-8-9-261
Net Investments 9-1,423456317423000-1
Others 316-1,5858,051-1,2503,957-412236-24
Cash Flow From Financing Activity -3,0451,466-187249-2,528-327-12010
Net Proceeds from Shares 06,07100000000
Net Proceeds from Borrowing 90918467-1,135-48700000
Interest Paid -2,521-2,552-3,017-2,741-928-562-17000
Dividend Paid -61-1-2-2000000
Others -553-2,9702,3654,127-1,1132355010
Net Cash Flow -101407-313324-1083849-1828-70
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.27-0.46-1.2-6.97-59.126.24N/AN/AN/AN/A
ROCE (%)1.594.560.65-6.28-18.6414.84N/AN/AN/AN/A
Asset Turnover Ratio0.0100.010.050.040.020.020.010.010.01
PAT to CFO Conversion(x)4.5N/AN/AN/AN/A0.09N/AN/AN/AN/A
Working Capital Days
Receivable Days60514614527142339715011686
Inventory Days8761214172123152
Payable Days0000000000

Reliance Communications Ltd Stock News

Reliance Communications Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Reliance Comm on 26-Mar-2024 16:00 is ₹1.82.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 26-Mar-2024 16:00 the market cap of Reliance Comm stood at ₹503.3.
The latest P/E ratio of Reliance Comm as of 26-Mar-2024 16:00 is 0.00.
The latest P/B ratio of Reliance Comm as of 26-Mar-2024 16:00 is -0.01.
The 52-week high of Reliance Comm is ₹2.49 and the 52-week low is ₹1.01.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Reliance Comm is ₹305.0 ( Cr.) .

About Reliance Communications Ltd

Reliance Communications is the flagship company of the Anil Dhirubhai Ambani Group (ADAG) of companies. Listed on the National Stock Exchange and the Bombay Stock Exchange, it is India’s leading integrated telecommunication company with over 85 million customers.

The Late Dhirubhai Ambani dreamt of a digital India - an India where the common man would have access to affordable means of information and communication. Dhirubhai, who single-handedly built India’s largest private sector company virtually from scratch, had stated as early as 1999: “Make the tools of information and communication available to people at an affordable cost. They will overcome the handicaps of illiteracy and lack of mobility.”

It was with this belief in mind that Reliance Communications (formerly Reliance Infocomm) started laying 60,000 route kilometres of a pan-India fibre optic backbone. This backbone was commissioned on 28 December 2002, the auspicious occasion of Dhirubhai’s 70th birthday, though sadly after his unexpected demise on 6 July 2002.

Reliance Communications has a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It is capable of delivering a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services — for enterprises as well as individuals, applications, and consulting.Today, Reliance Communications is revolutionising the way India communicates and networks, truly bringing about a new way of life.

RCom’s business encompasses a complete range of telecom services covering mobile and fixed line telephony. It includes broadband, national and international long distance services and data services along with an exhaustive range of value-added services and applications. The company's constant endeavour is to achieve customer delight by enhancing the productivity of the enterprises and individuals it serve.

Reliance Mobile (formerly Reliance India Mobile), launched on  December 28, 2002, coinciding with the joyous occasion of the late Dhirubhai Ambani’s 70th birthday, was among the initial initiatives of Reliance Communications. It marked the auspicious beginning of Dhirubhai’s dream of ushering in a digital revolution in India. Today, we can proudly claim that we were instrumental in harnessing the true power of information and communication, by bestowing it in the hands of the common man at affordable rates. 

Business area of the company:

The company is mainly engaged into the businesses of, Wireless, Broadband, Rural Communication, Reliance World, IDC, Carrier Business and Infrastructure Business.

Wireless

Reliance Mobile - With over 85 million subscribers across India, Reliance Mobile is India’s largest mobile service brand. Reliance Mobile services now cover over 20,000 towns, 5 lakh villages and counting.

Reliance Mobile World - The Reliance Mobile World suite of Reliance Mobile is a unique Java-based application. Its uniqueness lies in the fact that it enables complex Internet application to be introduced in mobile phones effectively and quickly. Reliance Mobile World receives over 1.5 billion page views per month from Reliance Mobile users.

Broadband- The successful rolling out of real broadband services across the nation marks the second chapter of Reliance Communications’ commitment to usher in a digital revolution in India.

  • E-education
  • Digital Workplaces
  • E-healthcare
  • Integrated Enterprise Solution

Rural Communication- Reliance Communications is committed to bringing about a complete revolution in rural telephony. With this goal set high on its agenda, it has initiated a mammoth expansion plan to reach out to four lakh villages across the length and breadth of the country.

  • Village Public Telephone
  • Rural Community Phone (RCP)
  • Rural Household DELs

IDC- Reliance is India's largest Internet Data Center (IDC) service provider, hosting business critical applications of Indian and foreign blue chip companies, financial institutions and other important organisations. Reliance Internet Data Centers are truly world class Level 3 (highest) IDC facilities, with more than 200,000 sq ft of hosting space.

Reliance World - Reliance World (formerly Reliance WebWorld) is a world-class nationwide chain of retail outlets for products and services of the Reliance – Anil Dhirubhai Ambani Group. It is designed to give the customer a delightful experience of the digital world of information, communication, entertainment and utility services.

Carrier Business - Reliance Communications is a National Long Distance (NLD) and International Long Distance (ILD) service provider, rendering national and international transport links between other telecommunication service providers' networks. Its wholesale customers include Indian and international telephony service providers, Internet service providers, long-distance carriers, call centre operators, multinational companies, business process outsourcing (BPO) companies, IT-enabled service (ITES) providers and government and quasi-government organisations.

Infrastructure Business - RTIL, a subsidiary of Reliance Communications Limited, was incorporated in 2001 as a private limited company. Reliance Communications Limited (“RCOM”) had filed a Scheme of Arrangement with the High Court of Judicature at Bombay on December 5, 2006 for the separation of its wireless towers assets owned by RCOM and its wholly owned subsidiary Reliance Telecom Limited (“RTL”).  RTIL is an independent wireless telecommunications infrastructure company in India, engaged in the business of building, owning and operating communications towers and related assets (together, “passive infrastructure”), which it will lease to the wireless operators under long-term contracts.

Milestones :

2011

  • January 18 - Reliance Communications draws down ECB of US$ 255 Million (Rs 1155 Cr) for 3G Spectrum Refinancing
  • February 17 - Reliance Communications signs pact with Radio Netherlands Worldwide
  • Reliance launches the most affordable Android tablet

2010

  • January 14 - Reliance Big TV and Indiagames sign strategic agreement
  • January 21 - RCOM offers Cartoon Network Comics on Mobiles
  • February 11 - RCOM partners with SNDT Women's University
  • March 15 - Reliance Communications achieves a landmark of 100 million customers
  • March 17 - Reliance Communications and Polycom forge partnership to jointly drive market opportunities in India
  • March 27 -Reliance Communications commemorates 100 million customer landmark with Free Celebratory Airtime on March 28
  • April 27 - Reliance Communications signs strategic alliance with GetJar to create India’s largest and free applications store
  • May 5 - BIG TV launches India’s first HD DVR Service
  • May 6 - Reliance Communications breaks away from tariff metering tradition of Indian telecom industry
  • May 15 - Reliance Communications announces Q4 financial results for the financial year ended March 31, 2010
  • May 27 - Reliance Webstore commences market roll-out of India’s cheapest touchscreen CDMA phone
  • May 31 - RCOM makes Rs 8585 crore payment towards 3G spectrum to DoT for 13 circles
  • June 16 - RCOM announces unlimited internet access on mobile
  • June 21 - RCOM launches India’s first “Live Chat” Customer Service Initiative
  • August 4 - RCOM & Universal Music sign exclusive strategic partnership in its preparation for 3G launch
  • August 13 -RCOM Announces Q1 Financial Results
  • August 16 - Reliance Mobile introduces Braille Bill Service for visually impaired
  • August 20 - RCOM & Nokia join hands for a first-of-its-kind multi-faceted business partnership
  • November 13 - RCOM Announces Financial Results For The Quarter Ended September 30, 2010
  • December 3 - Reliance Communications to Unveil New 3G Mobile Data Services Portal On Motricity Platform
  • December 13 - RCOM Announces The Launch of 3 G Services

2009 

  • January 1 - RCOM launches pan India roll out of GSM
  • January 2 - Reliance Mobile and Microsoft to launch fourth edition of National Digital Elocution Contest(NDEC) in India
  • January 8 - RCOM ties up with Swanbaytech , UK to bring ad-funded videos on Reliance Mobile Phones
  • February 1 - Reliance Mobile launches GSM service in Delhi
  • February 13 - RCOM announces a record of five million news subscribers in January 2009
  • February 26 - ICRA assigns LAAA rating to RCOM’s NCD Program and enhanced Bank Lines; existing rating reaffirmed. RCOM ties up with FLYTXT, implements new mobile marketing platform
  • March 12 - Reliance Communications launches Netconnect Broadband Plus- India’s fastest wireless internet service
  • March 13 - Reliance Communications announces adding a record of 3.3 million wireless customers in February 2009
  • April 15 - Reliance Communications clocks 11.3 million subscribers in January- March 2009
  • May 11 - Reliance Mobile to go LIVE with all ICC World Cup T 20 matches on R World VAS Deck
  • May 26 - RCOM shareholders approve scheme of arrangement of demerge of fiber optic division
  • May 30 - Reliance BIG TV expands channel bouquet with ten new channels

2008 

  • January 12 - Reliance Communications receives Start-up GSM Spectrum
  • January 16 - Yahoo partners with Reliance Communications to provide Yahoo One Search for its CDMA and GSM customers.
  • January 31 - RCOM's Q 3 Net Profit increases by 48.5% and Revenues Up by 29.8 %. Remains the most profitable Telecom Company in India.
  • February 4 - Reliance Communications offers Lifetime Validity at Rs 199
  • RCOM’s subsidiary Infratel files Draft Red Herring Prospectus with SEBI
  •  February 5 - Reliance Mobile strengthens its religious content portfolio on Mobile by tie-up with Sadhana TV
  •  February 14 - RCOM in partnership with CanvasM, launches Mulitplayer Mobile Games
  •  February 19 - HDFC Bank ties up with RCOM, turns every Reliance Mobile into a credit card
  •  February 27 - Reliance Communications consolidates Global Telecom Business under “Business Globalcom”
  •  Reliance Communications forays into International Mobile Market with GSM License in Uganda.
  •  March 3 - Reliance Communications drops prices of Internet Data Cards
  •  March 10 - Reliance Communications announces ESOPs for over 20,000 employees  
  • March 20 - Reliance Communications and HTC forge Strategic Alliance
  •  March 27 - Corporation Bank Launches Banking Services on Reliance Mobile World
  •  April 1 - Reliance Communications forays into IT space, launches Reliance Technology Services Company
  •  April 9 - RCOM launches Educational Portal on Reliance Mobile Phones
  •  April 25 - Reliance Globalcom unit Reliance Infocom BV, Netherlands acquires Global WiMAX Operator eWave World
  •  April 29 - Reliance Communications Announces Unlimited Free STD calls   
  • April 30 - Reliance Globalcom Launches Passport Global SIM
  • RCOM's Net Profit up by 70.8% to Rs 5,401 crore
  • May 2 - Reliance Communications’ Net Profit up by 70.8% to Rs 5,401 crore (US$ 1,350 million), Revenues higher by 31.8% to Rs.19, 068 crore (US$ 4,765 million) and EBIDTA increases by 43.3% to Rs.8, 199 crore (US$ 2049 million)  
  • May 12 - Reliance Communications and Alcatel form Joint Venture to offer Managed Network Services to telcos across the globe 
  • May 26 - Reliance Globalcom acquires UK based VANCO Group Limited 
  • June 24 - Reliance Globalcom, Stealth Communications forge Strategic Alliance to extend VOIP Network across 50 countries
  • July 12 - CA Exam Results on Reliance Mobile
  • July 22 - Reliance Communications Mobile Subscriber base crosses 50 Million
  • July 29 - CA Professional Exam Results on Reliance Mobile
  • July 31 - Reliance Communications (RCOM) announces its financial results for the first quarter ended June 30, 2008. Net Profit up by 23.9% to Rs. 1,512 crore (US$ 352 million)

2007   

  • January 10  - Reliance Communications adds a record 1.4 million subscribers in December ‘06 
  • January 18  - Reliance Communication launches unique 'Simply 2030' plan on Reliance Hello
  • January 25 - Reliance Communications promotes Roger Waters Music Concert
  • January 29 - RCOM shareholders approve tower business demerger with a 99.99% overwhelming majority
  • January 30  - Overwhelming response to Reliance World’s National Digital Elocution Competition
  • January 30 - Reliance joins Lenovo and Intel for 'Internet on the Move'
  • February 2 - Reliance Communications’ market capitalization tops Rs 1 lakh crore ( 1 trillion rupees or 24.39 billion US dollars) on Bombay Stock Exchange
  • February 16  - Reliance Communications offers best value on roaming 
  • February 26- Search Jobs & Classified Ads from Reliance Mobile World - Reliance Communications ties up with Naukri.com
  • March 6 - Reliance Communications ushers in ‘Virtual Global Conference Network’ 
  • March 7 - DHIRUBHAI AMBANI – THE MAN I KNEW By KOKILABEN Book on Founder Chairman launched.
  • March 8 - Reliance Communications launches ‘Roam Jamaica on Reliance Mobile
  • March 16 - Reliance Mobile launches ' Suno Zee’ 
  • March 19  - Demerger of Passive Infrastructure division Reliance Communications & Reliance Telecom approved by the Bombay High Court
  • March 21 - Reliance World Offers Program to Help Students ’Crack Admissions in Colleges Abroad’
  • March 23 - Govt’s Rural Telephone Scheme(RDEL)through Reliance Communications successfully closes by March 31,2007 
  • March 26 - Booking train ticket from Reliance Mobile Phones becomes more easy now… with ITZ Cash Cards 
  • April 4 - Reliance Communications unleashes the power of mobile advertising 
  • April 6 - Reliance Communications acquires 1.2 million subscribers in March 2007.
  • April 11 - Sunny Days And Nights For Reliance Mobile Subscribers as Reliance Communications ties up with SUN TV to offer video streaming f all SUN TV programs online 24x7
  • April 11  - Reliance World launches summer e camp for school kids
  • April 30  - RCOM first listed Indian telecom company to reward shareholders 
  • May 2  - A Classic Bonanza – Reliance Communications unveils handsets @ Rs 777
  • May 9  - RCOM bags West Bengal E-Governnce Project
  • May 10  - Reliance sets a new record, one million Classic handsets sold in just one 
  • May 12  - Reliance Communications slashes rate to US and Canada. It's now just Rs 1.99 per minute 
  • May 14  - Reliance Communications launches Classic Color Bonanza - Color handsets @ Rs 1234
  • May 17  - RCOM kick starts world's fastest and largest rural infrastructure rollout on World Telecom Day. 
  • May 18  - Reliance Communications Launches Lifetime Validity Recharge @ Just Rs.499. 
  • May 22 - RCOM slashes roaming rates by as much as 70 percent 
  • May 25 - Reliance Communications launches unlimited calling
  • June 5 - RCOM hosts seminar on ‘Emerging Trends in Mobile Applications Development’
  • June 6  - Reliance Communications adds 1.4 million new mobile subscribers in May2007
  • June 6 - Reliance Classic' Makes Music - FM Radio Phones Launched at just Rs.1888 
  • June 27 - Reliance World, BIMTECH & Philadelphia University unveil Executive Program in Retail Management (EPRM)
  • June 28 - Reliance Communications ties up with Cisco to launch Business Internet Services for SMEs in Pune
  • July 4 - Bengali movie ‘Anuranan’ on Reliance Mobile World
  • July 7 - RCOM and QUALCOMM Collaborate on CDMA2000 Expansion
  • July 12 - Reliance Communications awards Alcatel-Lucent a Next-Gen network expansion contract 
  • July 12 - Reliance Communications awards Huawei all IP Next-Gen network expansion contract
  • July 19 - RCOM announces sale of equity stake in its Tower Company-Reliance Telecom Infrastructure Limited
  • July 19 - RCOM's AGM on Reliance Mobile World
  • July 23 - Reliance Communications launches Passport Calling Solutions
  • July 25 - RCOM join hands with Yatra.com for air and hotel bookings
  • August 20  - RCOM offers 'Live Mandi Prices' on Reliance Mobile World
  • August 31 - Reliance Communications , the official global partner for the first edition of ICC Twenty 20 World Cup Championship 2007 in South Africa unveils the coveted Trophy in Mumbai and announces Dhoni - Dhanadan Pack 
  • September 9  - Reliance Communications launches Money Transfer on Reliance Mobile Phones
  • September 10  - RCOM launches BlackBerry 8830 World Edition Smartphone'Bloomberg Professional' now on Reliance Mobile
  • September 11 - Reliance Communications ties up with Sulekha.com to offer local search on Reliance Mobile World
  • September 18  - Strategic partnership with Vanco
  • October 3 - Reliance Communications announces Classic Celebrations- Classic Handset sales top 10 million- Color Handset @ Rs.999
  • October 20 - Reliance Communications to launch nationwide GSM Services under existing Unified Access Service Licenses
  • October 22  - Reliance Communications brings 'Durgotsav Live' Videocast on mobile
  • November 7 - Reliance Communications Launches 'Diwali Dhamaka'
  • November 15  - RCOM launches Rural Mobile Application Contest
  • November 16  - Fair & Lovely Scholarship on Reliance Mobile World is winner at the MMA awards, USA
  • November 27 - FLAG and GlassHouse ink landmark partnership
  • December 11 - Reliance Communications adjudged World’s Top CDMA Operator at the Global CDMA Industry Achievements Awards Fete
  • December 20  - Reliance Communications completes Yipes’ acquisition
  • December 24 - RCOM announces special offers for Christmas and New Year.

2006     

  • January 01 - Reliance Infocomm launches 'One Nation, One Tariff' to enable Reliance IndiaMobile prepaid users to call anywhere in India at Re one per minute.
  • January 19 - Reliance Demerger adds record Rs.55, 000 Crore to shareholder wealth
  • January 23 - TIMES NOW launched on Reliance Mobile Phones, making it the world’s first TV channel to be launched on a mobile phone.
  • March 06 - Reliance Communications Ventures Ltd. (RCVL), India's leading integrated telecommunications company, a member of the Reliance - Anil Dhirubhai Ambani group, lists on the Bombay Stock Exchange and National Stock Exchange.March 21
  • Reliance Infocomm introduces R World in Hindi to become the world's first operator to offer mobile data services in more than one language on the same handset. This will make it possible for millions of Indians to access the popular R World with hundreds of every-day-use applications in the national language.
  • March 23 - Reliance-Anil Dhirubhai Ambani Group signs up Indian cricket's whiz kid and heartthrob of millions Mahendra Singh Dhoni as the brand ambassador for Reliance Communications Ventures Ltd.
  • March 29 - Reliance Infocomm becomes India’s first telecom operator to launch seamless inter-standard international roaming service - 1World.1Number, with single number on international CDMA and GSM networks.
  • April 27 - Reliance Communications launches India’s first Talking Message Service (TMS) enabling its mobile users to send voice messages to not only other mobiles but also fixed wireless phones (FWP) and landlines. 
  • June 22 - Reliance Communications ties up with Disney to offer on Reliance Mobile World India's first 3D animation on mobile. 
  • July 03 - Reliance Communications launches 'Hello Capital Plan' to enable its subscribers in 19 state capitals to call each other at the local call rate of 40 paise per minute.
  • July 19 - Reliance Communications slashes ILD rates by up to 66%
  • August 7 - T-Com signs contract with FLAG Telecom for Europe-US bandwidth 
  • September 5 - Union Communications & IT Minister Thiru Dayanidhi Maran inaugurates Reliance Communications’ FALCON Cable System.
  • November 17  - Reliance Communications launches Free Group Term Life Cover for its CDMA subscribers 
  • December 28  - Reliance Communications’ FLAG Telecom announces FLAG Next Gen to cover 60 countries  

2005     

  • January 04 - Reliance introduces first e-recharge facility in CDMA in India.
  • January 24 - Reliance IndiaMobile announces mega rural plan to cover 4 lakh villages and 65 crore Indians by December 2005.
  • June 26 - Anil Ambani appointed Chairman of Reliance Infocomm
  • July 30 - Air Deccan and Reliance WebWorld join hands to offer air ticket booking facility at Reliance WebWorld
  • August 11 - XLRI's Post-Graduate Certificate programme in Logistics Supply Chain Management (PGCLSCM) launched on Reliance WebWorld's virtual classroom platform. first of its kind e-learning programme in India.
  • August 18 - Reliance Infocomm rolls out international roaming facility across several countries to become the first Indian CDMA operator to offer its customers such a service.
  • September 06 - Reliance Infocomm tied-up with the Bombay Stock Exchange to make available live stock quotes on its mobile phones.
  • September 15 - Reliance Communications, UK launched Reliance IndiaCall service in England and Wales enabling callers to make high-quality calls to India from any landline or mobile phone at economical rates.
  • September 21 - Apollo Hospital and Reliance Infocomm join hands to provide top class healthcare service to millions of Indians in over a hundred Indian cities.
  • October 13 - Reliance WebWorld wins Frost & Sullivan Market Leadership Award for Video Conferencing services.
  • November 12 - Reliance Infocomm hosts the 4th global CDMA Operators Summit.
  • November 22 - Reliance Infocomm joins hands with Indian Airlines to offer India's first mobile booking of domestic airline ticket.
  • November 30 - Reliance Infocomm introduces MOREbile, redefines customer rewarding with 33 % more talk time on prepaid recharges of Rs 315 denomination and above and much more.
  • December 12 - Reliance Infocomm and China Telecom sign agreement for telecom services to provide direct telecommunication service, including a global hubbing service, to subscribers in the two countries.

2004     

  •  January 12 - International wholesale telecommunications service provider, FLAG Telecom amalgamates with Reliance Gateway, a wholly owned subsidiary of Reliance Infocomm
  • February 9 - Launches RIM Prepaid with attractive offer - For Rs 3500 get a Motorola C131 mobile phone and Rs 3240 worth of re- charge vouchers instantly and stay connected for 1 year
  • February 17 - Reliance subsidiary Flag Telecom announces FALCON Project - a major new Middle East Loop Terabits Submarine Cable System with links to Egypt and Hong Kong via India
  • March 22 - Reliance Infocomm launches multi-player gaming on RIM handsets - a first in India
  • April 05 - Reliance IndiaMobile introduces International Roaming facility to 172 countries, 300 networks
  • April 23 - Reliance Infocomm introduces first ever auction facility on Mobile phones through R World.
  • May 27 - Reliance Infocomm receives the Most Promising Service Provider of the Year 2003 (Asia Pacific) award at the Asia Pacific Technology Awards instituted by Frost & Sullivan.
  • June 8 - Reliance Infocomm introduces World Card - a Prepaid International calling card for affordable and convenient ISD calls from India.
  • July 29 - Announces India's First MPLS Global VPN Solution in partnership with MCI
  • August 5 - Launches the first regional Customer Contact Centre in Chennai
  • September 6 - Mukesh D. Ambani, Chairman, Reliance Infocomm, receives Voice & Data 'Telecom Man of the Year' award
  • September 9 - Introduces Railway Ticket booking from R World data applications suite of Reliance IndiaMobile
  • October 12 - Mukesh Ambani voted the world’s most infuential telecom person by UK-based publication Total Telecom.
  • October 19 - Reliance Infocomm bags the CDMA Development Group's 3G CDMA Industry Achievement Award for International Leadership.

2003  

  • January 15 - Introduces Dhirubhai Ambani Pioneer Offer for Reliance IndiaMobile service
  • February 14 - Launches Reliance WebWorld in top 16 cities
  • March 31 -Launches International Long Distance Services
  • April 3 - Commissions all backbone rings
  • April 25 - Introduces colour handsets
  • May 1 - Launches Reliance IndiaMobile Service commercially in top 92 cities with one million customers.
  • June 10 - Launches India's first wireless Point of Sale (POS)
  • July 1 - Introduces 'Monsoon Hungama' Offer: Instant multimedia mobile phone and connection for just Rs 501.
  • Sets world record - acquires one million customers in 10 days
  • July 3 - Launches R Connect Internet connection cable
  • Aug 26 - Introduces Reliance IndiaPhone Fixed Wireless Phone and Terminal
  • September 20 - 'Navratri' a data service in R-World posts a world record of 10 million downloads on the first day of the launch.
  • September 30 - R World clocks a phenomenal 1 billion hits in 1 month
  • October 6 - Launches integrated broadband centre at Reliance WebWorld, Bangalore
  • October 24 - Deploys pilot of Home Netway in Mumbai
  • October 30 - Reliance becomes India's largest mobile service provider within 7 months of commercial launch
  • November 3 - Customer base touches 5 million
  • November 12  - Migrates to Unified License Regime
  • November 16 - Launches National Roaming
  • November 21 - Launches International SMS to 159 countries launched
  • December 19 - Adds 4500th Contact Centre Executive
  • Contact Centre becomes the largest such facility deployed by any single Indian Service Provider

2002    

  • January 15 - First Base Transceiver Station (BTS) made 'Ready for Electronics'
  • February 25 -Obtains International Long Distance License from Govt. of India
  • December 22 - Commissions 1st Optic Fibre Backbone ring
  • December 24 - Establishes 1st Point of Interconnect (POI) in New Delhi
  • December 27 - Hon'ble Prime Minister of India, Atal Behari Vajpayee e-inaugurates Reliance Infocomm
  • Hon'ble Union Minister for Parliamentary Affairs, Information Technology and Communications, Pramod Mahajan, inaugurates NNOC
  • 2001 -May 1- First Media Convergence Node made 'Ready for Electronics' at Jaipur
  • 2000 -May 10 Optic fibre laying process commences in Gujarat, Andhra Pradesh & Maharashtra
  • 1999- The Dream, 1999
  • 'Make a phone call cheaper than a postcard and you will usher in a revolutionary transformation in the lives of millions of Indians' - Dhirubhai Ambani
  •  The Reality, November 15 - Reliance Infocomm begins Project Planning

Achievements/ recognition:

  • First to launch BlackBerry 8830 World Edition Smartphone in India
  • Reliance Communications' Flag Telecom Awards U.S. Dollar 1.5 Billion (Rs 6000 Crore) Turnkey Contract To Construct Flag Next Generation Network Submarine Cable
  • Reliance BIG TV expands channel bouquet with 10 new channels
  • Reliance Communications clocks 11.3 million new subscribers in January - March
  • Reliance Communications adds a record 3.3 million wireless customers in February 2009
  • Reliance Communication launches 'Netconnect Broadband Plus' - India's fastest wireless Internet service
  • Reliance Communications adds a record 5 Million New Subscribers in January 2009
  • Reliance Mobile enhances value proposition for its GSM customers with Lifetime offer  
  • Reliance Mobile launches GSM Services in Delhi
  • RCOM launches Unique Customer Experience Programme
  • RCOM first listed Indian telecom company to reward shareholders
  • Reliance Infocomm becomes India’s first telecom operator to launch seamless inter-standard international roaming service - 1World.1Number, with single number on international CDMA and GSM networks.
  • Reliance Infocomm introduces first ever auction facility on Mobile phones through R World.
  • Reliance Infocomm bags the CDMA Development Group's 3G CDMA Industry Achievement Award for International Leadership.
  • Introduces Railway Ticket booking from R World data applications suite of Reliance IndiaMobile
  • Reliance Infocomm receives the Most Promising Service Provider of the Year 2003 (Asia Pacific) award at the Asia Pacific Technology Awards instituted by Frost & Sullivan.
  • Reliance Infocomm introduces World Card - a Prepaid International calling card for affordable and convenient ISD calls from India.
  • Announces India's First MPLS Global VPN Solution in partnership with MCI
  • Launches India's first wireless Point of Sale (POS)
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