Reliance Industries Ltd.

Mukesh Ambani owned Reliance Industries, is mulling to bring all its retail units under a single entity. In a bid to remove administrative glitches and increase synergies and efficiencies among various businesses, the company has initiated a process to unite all its eight independent retailing companies such as apparel chain Reliance Trends and consumer electronics chain Reliance Digital under grocery chain Reliance Fresh. This move would turn Reliance Fresh, a single retail entity under Reliance Retail, the group's holding company for retail business.

Reliance last week had filed a appeal in the Bombay High Court, seeking permission for a scheme of arrangement of several of its entities including Reliance Retail, Reliance Fresh, automotive accessories format Reliance Autozone, Reliance Trends, footwear chain Reliance Footprint, consumer electronics chain Reliance Digital Media, Reliance Leisure, Reliance Gems and Jewels, and Reliance Replay Gaming.

RIL reported 23.92% rise in its net profit at Rs 5502.00 crore for third quarter ended December 31, 2012 as compared to Rs 4440.00 crore for the same quarter in the previous year. Total income of the company has increased by 10.10% at Rs 95626.00 crore for quarter under review as compared to Rs 86852.00 crore for the quarter ended December 31, 2011.