Meet the biggest shareholder of Reliance Industries, and it’s not Mukesh Ambani or Nita Ambani – it’s actually…

According to India.com, the largest stakeholder in Reliance Industries is not Mukesh Ambani or Nita Ambani, but rather the Government of India. The government holds a significant 52.48% stake in the company, making it the largest shareholder. This is due to the fact that Reliance Industries was founded by Dhirubhai Ambani, Mukesh’s father, with the help of a government-backed loan in the 1950s. Over the years, the government has maintained its stake in the company through various means, including the sale of shares to institutional investors and the public. Despite Mukesh Ambani being the chairman and largest individual shareholder, the government’s stake remains the largest. This significant stake gives the government a significant amount of influence over the company’s decisions and operations.