RIL Hits a New High in the Stock Market

July 14, 2017

On 7th July 2017, Mukesh Ambani owned Reliance Industries Limited’s (RIL’s) stock price rose by 4 percent in intraday trade. This helped it hit a nine-year high in terms of stock performance at INR 1,497.

RIL’s performance in the stock market

RIL’s stock has risen by 39 percent since the beginning of 2017. It ended the session at INR 1,490.80. Between the years 2008 and 2016, RIL’s stock dropped by more than 25 percent. At the same time, the Sensex grew by 31 percent.

Daljeet S. Kohli, the Head of Research at IndiaNivesh expects positive earnings for RIL in Financial Year (FY) 2018 as its large core projects get commissioned. This rise is attributed to its news of consolidation in the telecom industry, the upcoming launch of RIL’s new 4G feature phone, and its petrochemical and refining expansion plans.

Consolidation in the telecom industry

Analysts claim that the telecom consolidation will give RIL better pricing power. Paras Bothra, the Head of Research, Ashika Stock Broking said that the consolidation would result in better operational synergies in terms of reducing costs of network expansion, spectrum, and marketing. With the presence of more than ten players in the telecom market, the telecom companies are facing a strain on their revenues due to the competition.

Launch of RIL’s feature phone

RIL is about to launch a new feature phone. This phone will be launched at RIL’s forthcoming annual general body meeting to be held on 21st July 2017. This phone will support 4G VoLTE and will be available at a price of INR 500.

RIL’s petrochemical industry

Last month RIL and BP announced a project of USD 6 billion to increase the production in the KG basin field. The effects of this move are expected to be seen in RIL’s financial performance in the years 2019-2020.

On 11th July 2017, the Government of India gave RIL a green signal to expand its petrochemical complex in Gujarat. This complex consists of feeding downstream petrochemical, naphtha crackers, fiber intermediates, as well as polyester plants. RIL’s proposal was to increase the production capacity of these plants through expansion, debottlenecking, and technological upgradation. Apart from Gujarat, the company also has plants in Maharashtra, Uttar Pradesh, Punjab, and Dadra and Nagar Haveli.

Conditions by the Environment Ministry

On giving its approval, the Environment Ministry has asked RIL to comply with some conditions, which include:

  • Strengthening the existing green belt by 20 hectares.
  • Earmarking 2.5 percent of the INR 2,100 crore project to enterprise social responsibility.
  • Adhering to the stipulations made by the State Government of Gujarat, the Gujarat State Pollution Control Board and other statutory authorities.

Time taken for project completion

As per its proposal, Mukesh Ambani’s RIL has stated that it would complete the debottlenecking of some of its plants in a phased manner in two years. This debottlenecking would start once the company receives the environment clearance (EC) from the Environment Ministry. For setting up of new plants, it is expected that the company would take around three to five years for completion.


On 7th July 2017, Reliance Industries Limited (RIL) hit a new high with its stock performance reaching INR 1,497, a nine-year high since 2008.


Reliance Jio Introduces JioGST Starter Kit

July 7, 2017

Mukesh Ambani led Reliance Jio has launched a new offer introducing JioGST starter kit with its JioFi devices. The new tax regime of Goods and Services Tax (GST) has been introduced in India on 1st July 2017. This new regime is expected to affect businesses and consumers throughout the country.

JioGST starter kit and its offers

One of the GST Suvidha Providers (GSP) in India is Reliance Jio. GSP was set up in order to allow taxpayers to easily comply with the provisions of GST. Thus, Jio is releasing a JioGST starter kit to aid its consumers in the process of transitioning to the new tax regime.

In the GST starter kit, subscribers will have access to ‘Jio-GST Solution’ along with 24 GB 4G data. The solution will help retailers in maintaining records, filing GST returns, and conforming to the rules of GST.

Apart from this, the users of the JioGST starter kit will be able to enjoy benefits that amount to INR 10,884. All of this will be available for the price of a single JioFi device which costs INR 1,999. All the related information about this offer may be found on Jio’s website, below the heading ‘JioGST Starter Kit Value Proposition.’

Given below are the offers that Reliance Jio has as a part of its JioGST starter kit:

  1. Mobile-first compliance solution 

Subscribers are eligible to get free GSP and Application Service Provider (ASP) services for a period of one year. Any special computer accounting or billing software will not be required for businessmen who avail of this offer as purchase summary will be generated automatically.

  1. Device and connectivity

Subscribers who choose to avail of this offer will get unlimited voice calling as well as 24 GB of high-speed 4G data for a period of one year with JioFi device. Users may also order doorstep delivery and activation. However, this feature is only available in selected cities. 

  1. Scan and sell

Mukesh Ambani’s Reliance Jio is providing its subscribers with a user-friendly mobile-based billing application for one year. Users who opt for this application will get daily summary invoices in order to ensure that they are fully GST compliant. Since the application will provide the invoices on the phone, users will not need  a printer. Besides, the app also features a catalog of thousands of consumer, grocery, and electronic products along with tax codes.

  1. Tax professionals

Through this offering, users will get access to numerous JioGST empanelled tax practitioners. Thus, the subscriber may authorize a professional to file a return for added convenience.

How to purchase the JioGST starter kit?

To avail of these benefits, purchasing the kit is required. Mentioned below are the steps for getting the kit:

  1. To get the JioGST kit, log on to Jio’s website and place an order for the starter kit.
  2. If you do not have a Jio SIM, visit any Reliance Digital, Mini, or Jio Store to get the Jio SIM.
  3. After you have both the device and the starter kit, log on to the website Here you may choose your Goods and Services Tax Identification Number (GSTIN) and pair your JioFi Mobile Station International Subscriber Directory Number (MSISDN). This will activate your JioGST starter kit.


Reliance Jio has announced a JioGST starter kit for INR 1,999 with its JioFi device.

Reliance Jio to Launch 100 Gbps Submarine Network

June 30, 2017

Reliance Jio, the telecom arm of Mukesh Ambani owned Reliance Industries Limited (RIL) has more than 100 million subscribers in India. It has announced the launch of its new submarine cable system linking Asia-Africa-Europe (AAE-1).

Geography of the submarine network

In a press statement, Reliance Jio has revealed that the AAE-1 is the longest 100 Gbps technology-based submarine system. This network will stretch over a distance of 25,000 km.

The cable system will be connected from Marseille in France to Hong Kong. It will have 21 cable landings spread across Europe and Asia. There will be Points of Presence (PoP) in Hong Kong and Singapore, and onward connectivity options in France, Italy, and Greece.

The cable will terminate in Singapore but will continue further into Asia taking a route through Thailand and connecting Vietnam, Cambodia, and Hong Kong.

Features of the network

The President of Reliance Jio, Mathew Oommen said that this network has terabit capacity as well as 100 Gbps direct connectivity, which will enable Jio to connect with global content hubs and interconnection points. He further stated that taking this step will ensure Jio continues to offer its customers exceptional high-speed Internet and digital services.

The AAE-1 will connect with other cable systems and fiber networks in order to deliver direct and uninterrupted access to global markets.

Jio has claimed that the design and route of the AAE-1 will ensure least amount of latency between the Middle East, Europe, Hong Kong, and India. The AAE-1 cable system will work on 100 Gbps transmission technology and will boast of a minimum design capacity of 40 Tbps.

AAE-1 cable system

According to Jio, the AAE-1 project will be done in coordination with other telecom providers from Europe, the Middle East, and Asia in order to have a quality and extensive cable network.

The company said that the new cable system will be transiting between several critical hubs and connection points that lie far away from each other. One of the best things about this cable system according to Jio is that it will help deal with the rapidly increasing demand for data bandwidth for videos, offering support to all types of applications, content, and communications. Apart from this, Jio also stated that the bandwidth has been growing exponentially in India, especially after the company entered into the telecom market.

Role of Reliance Jio

Mukesh Ambani led Reliance Jio will provide the Network Operations & Management for the AAE-1 cable system. The network will enhance the state-of-the-art facility in Navi Mumbai.

Mathew Oommen has shared that Jio is excited to participate in the launch of this network and to deliver the cable landing in Mumbai.  He also shared that it is a great time to undertake a project like this because India’s data traffic is continuing its accelerated data consumption and growth.


Reliance Jio is going to launch a submarine network which will connect Asia, Africa, and Europe. It is the longest network of its kind based on 100 Gbps technology.

Reliance Jio Offers up to 72 GB Free Data to LYF Customers

June 21, 2017

As per a new scheme, Mukesh Ambani led Reliance Industries Limited (RIL) subsidiary Reliance Jio is now offering customers up to 72 GB or 20 percent more 4G data on the purchase of select LYF smart phones.

20 percent more data scheme

This new offer is applicable to both—existing Prime customers as well as new customers. It will be applicable on select LYF smart phone purchases made from 9th June 2017 till the stocks last. The data vouchers for this scheme will be applicable from the recharge date to 31st March 2018. After 31st March 2018, any unused data voucher will expire and be forfeited.

Along with buying the LYF device, customers will have to make a recharge of INR 309 or INR 509. This will give them a 4G data voucher of 6 GB or 12 GB, respectively. The complimentary 4G data will be credited within two days of the recharge. The vouchers will be valid for not more than six recharges. This means that a customer may avail of up to 72 GB data using these six recharges.

While the 20 percent more data scheme cannot be used with other offers or promotional schemes of the same type, eligible subscribers will still be able to avail of the benefits Jio provides in its Jio Dhan Dhana Dhan scheme. Apart from this, the free data scheme will be discontinued if the subscriber changes the eligible LYF device for another handset, which is not valid under this scheme.

Smart phones applicable under the scheme

The following LYF smart phones are applicable under the scheme:

  • Earth 1
  • Earth 2
  • F1
  • F1S
  • Water 1
  • Water 7S
  • Water 8
  • Water 10
  • Water 11
  • Wind 4S

Activation of the 20 percent more data scheme

As per the Jio Website, subscribers will have to put their Jio SIM in the LYF handset. After this, they will have to download and install the MyJio app on the device. Once the app is installed, subscribers will have to go to the My Vouchers option in the MyJio app. There, they will have to select View Voucher followed by Recharge My Number. Once they confirm the recharge, they will get a Successful Recharge Notification. After this, they will be able to see the additional data voucher under their My Plans section.

Subscribers of Reliance Jio

As per a report by Bank of America Merill Lynch, a global financial services major, 80 percent of Jio subscribers have only one Jio SIM and around 90 percent have subscribed to its Prime membership plan. The report further stated that around 76 percent users are going to continue using Jio’s services once the promotional offer gets over. Moreover, 84 percent subscribers have already paid the monthly top up with a majority choosing the INR 303 or INR 309 plan.


Mukesh Ambani led Reliance Jio is offering up to 72 GB of free data to the customers of select LYF smart phones, under its 20 percent more data scheme.

90% Jio Users Become Prime Members while Reliance Jio Offers 20% More Data on LYF Mobiles

June 20, 2017

According to a recent report, Mukesh Ambani led Reliance Jio has garnered approximately 90 percent of its user base into purchasing the Jio Prime membership. Apart from this, the company has also introduced a new offer, wherein those who purchase select LYF smart phones will be eligible to get 20 percent additional 4G data.

Bank of America Merill Lynch report  

According to a Bank of America Merill Lynch (BofAML) report, approximately 90 percent of Reliance Jio users have subscribed to the Jio Prime membership. This report further stated that 76 percent of the users will continue to use Jio even after the offer period ends.

Some other information about Jio users as per the report are as follows:

  • 80 percent users have one Jio SIM only
  • From the existing ones, 84 percent users said that they have already paid for the monthly top up
  • The most popular top ups are of INR 303 and INR 309

The BofAML survey was conducted in mid-June. It consisted of approximately 1,000 users who were primarily using a Jio SIM.

Additional 4G data offered by Jio

As per a new limited period scheme, Mukesh Ambani led Reliance Jio is offering extra 20 percent 4G data on purchase of certain models of LYF smart phones bought from 9th June till the stocks last. The select models that come under the purview of this offer are Wind 4S, Water 1, Water 7S, Water 8, Water 10, Water 11, Earth 1, Earth 2, F1, and F1S.

The users will be eligible for this offer when they make a recharge of INR 309 or INR 509 on their Jio SIM. They will get a top up voucher of 6 GB or 12 GB, respectively. This additional data will be credited within 48 hours of the initial recharge done.

As per the terms and conditions, these data vouchers may be used for up to six recharges done till 31st March 2018. In case there is any unutilised data after the end of the offer period, it will expire.

Steps to activate the additional data

Following are the steps to be followed for availing of 20 percent additional data:

  • Insert the Jio SIM in the LYF smart phones you purchased.
  • If you do not already have the MyJio mobile application, download it on your phone.
  • Open the MyJio app, go to My Vouchers and click on Recharge my number.
  • Recharge your SIM with the plan of your choice. After the recharge is done, you will get a notification of a successful recharge.
  • Post this, the additional data voucher will automatically reflect in the My Plan section of the app.

Users should note that this offer cannot be clubbed with any other alternative offer or promotion. Besides, the benefits of the offer will discontinue on change of device.


According to a report by BofAML, around 90 percent of Jio users have become Jio Prime members. Apart from this, Reliance Jio has launched a scheme offering 20 percent more data to buyers of LYF smart phones.

Reliance Jio Breaking Records with its Download Speed and Subscriber Base

June 15, 2017

Mukesh Ambani-owned Reliance Jio recently hit its highest speed ever in terms of download with its 4G data. The company has also added a significant number of users, even after its switch from free to paid services.

Reliance Jio’s 4G speed

In May, Reliance Jio’s 4G download speed reached an all-time high of 19.123 Mbps. This data was collected by the Telecom Regulatory Authority of India (TRAI) via its MySpeed application.

Reliance Jio had topped the speed charts in December 2016 with 18.146 Mbps, but in January 2017, the speed was lower. However, from the next month of February till May, Reliance Jio has been at the top in terms of average 4G download speeds.

The average download speed was 17.427 Mbps in February, 16.487 Mbps in March, and, 18.487 Mbps in April. All of these speeds were computed by TRAI via the MySpeed application on a real-time basis.

Reliance Jio in the telecom market

When Reliance Jio was first launched in September 2016, the service was free for the initial six months. It entered the market with a ‘Welcome’ offer which was valid for a period of more than three months. After the expiration of this offer on 31st December 2016, the company introduced the ‘Happy New Year’ offer extending the free services for another three months. The company started charging for its services from April 2017. Even after the switch, Reliance Jio added more subscribers.

A report released by TRAI, titled ‘Highlights of Telecom Subscription Data’, stated that Reliance Jio added 3.9 million new users in April 2017. Its subscriber base has now touched a milestone of 112.55 million.

Mukesh Ambani led Reliance Jio is credited with implementing the largest migration from free to paid telecom services in the world in a limited period of time. The company was able to do this because it ensured a smooth migration by putting in place plans that were simple, affordable, and regulatory compliant. The tariff of Reliance Jio’s 4G data services is at around INR 10 for a day.

The recent TRAI report also stated that the majority of the telecom subscribers use the services of top five service providers. As on 30th April 2017, 88.04 percent market share was controlled by the major five players. Reliance Jio was the highest among them with its 112.55 million subscribers.

Indian telecom sector

In India, the total number of telecom subscribers reached 1,198.89 million by April 2017 end. This is an increase of approximately 4 million from 1,194.58 million in March 2017 end, registering a monthly growth rate of 0.36 percent.

The TRAI report also stated that the total wireless subscribers, which includes GSM, CDMA, and LTE users; have seen an increase of 4.42 million. There were 1,170.18 million subscribers during the close of March 2017 and 1,174.60 million during the close of April 2017. The growth rate registered was 0.38 percent per month.


Reliance Jio recorded the highest download speed of 19.123 Mbps in May 2017 and reached new heights in terms of subscribers with 112.55 million.

Reliance Jio is Offering Cashback on LYF and JioFi Devices

June 13, 2017

Mukesh Ambani led Reliance Jio has come up with promotional offers for its line of LYF smart phones and JioFi devices. Both the offers will give users additional 4G data that will be available in the form of vouchers or data top ups.

Offer on LYF phones

Reliance Jio is offering 20 percent more 4G data to its users buying certain models of LYF smart phones. To avail the offer, customers will have to purchase a LYF smart phone priced between INR 6,600 and INR 9,700. Under this offer, a user may select from over ten LYF models including F1, F1S, Earth 1, Earth 2, Wind 4S, Water 7S, Water 8, Water 10, and Water 11. This offer is only applicable for Reliance Jio customers who are Jio Prime members.

The details of the offer are as follows:

  • A user who has a LYF smart phone will be entitled to get a 4G data voucher of 6 GB with each recharge of INR 309. A 12 GB voucher will be given to those who recharge with INR 509.
  • The recharge done by the user will reflect in the MyJio app under the My Plan section.
  • Users are entitled to recharge and get the additional data vouchers for a maximum of six times.
  • This offer will be valid till 31st March 2018.

The LYF brand comes under Reliance Retail, which is a part Mukesh Ambani led Reliance Industries Limited (RIL).

Users may purchase LYF smart phones on Reliance Jio’s official website, where they may be found under the smart phone section. These smart phones are also available for purchase on Reliance Digital and Digital Xpress Mini stores.

Offer on JioFi devices

Reliance Jio’s portable broadband device, called JioFi is virtually free as Reliance Jio is offering a 100 percent cashback on its purchase. The JioFi is a device that creates a personal hotspot and allows multiple devices to connect with it to access the Internet. The devices may be 2G and 3G smart phones, laptops, and even tablets.

The details of Reliance Jio’s 100 percent cashback offer are as follows:

  • On the purchase of JioFi devices from Reliance Jio’s official website, customers will be eligible to receive cashback in the form of data vouchers worth INR 2,010 or INR 1,005.
  • The data vouchers will be in the form of top ups of INR 201. Ten such vouchers will be given to those who exchange their non-Jio devices at the time of purchasing the JioFi device, under the 100 percent cashback offer. Five vouchers will be given to other buyers who do not opt for the exchange, under the 50 percent cashback offer.
  • The JioFi device costs INR 1,999. Users may purchase it by using the EMI options offered by SBI Bank, ICICI Bank, HDFC Bank, and Axis Bank, among others. The EMI starts at INR 95.03.

The JioFi device is available at Reliance Digital stores, Digital Xpress Mini Stores, and on, the official Reliance Jio website.


Reliance Jio is offering cashback on the purchase of LYF smart phones and JioFi devices in the form of 4G data vouchers.

Reliance Retail to Launch Project Eve Retail Stores

June 6, 2017

Mukesh Ambani led Reliance Retail is set to launch a retail experiential store with premium services. The chain will be called Project Eve. These stores will have a host of facilities for the customers and are set to be more premium than the existing chain of Reliance Retail called Reliance Trends.

Project Eve

This chain of stores will have apparels, cosmetics, footwear, and jewelry. There will also be salons and cafés where shoppers can relax and rejuvenate themselves. All of these services will be available under one roof for their convenience.

With regard to shopping, the Project Eve stores will have in-house brands as well as international brands. The chain will focus on high fashion and premium wear in order to differentiate itself from the existing stores in India which are driven primarily by discounts.

According to a report in Economics Times (ET), the stores would be around 5,000-10,000 square feet in size. One of the executives involved in the store launch said that Project Eve will mainly focus on urban markets like Bengaluru, Delhi, and Mumbai.

Director at the retail consultancy Elargir Solutions, Ruchi Sally, stated that Project Eve might face some challenges as international brands like Zara and H&M have a large piece of market share with plans of expansion and these brands are ahead in fashion and style. She also opined that Reliance Retail will have to come up with a unique experiential retail format in order to set itself apart and not through pricing.

Apparel market in India

Indian apparel market is on the rise as there is fierce competition between varieties of indigenous as well as international brands. The Indian apparel market is expected to reach a valuation of around 60 billion dollars by the year 2020. The global brands in India like Zara, Gap, and H&M are aggressively focusing on expansion with a view to tapping into India’s non-metro cities as well.

Experiential retailing is getting more attention as competition is going on increasing. As margins are shrinking for core products, global players like Adidas, Nike and Under Armour are trying to find a way to stand out. Under experiential retailing, these stores are innovating and offering coffee shops, yoga place or gyms inside the store.

About Reliance Retail

Reliance Retail is a diversified group under Reliance Industries Limited (RIL), which is headed by Mukesh Ambani. RIL has undertakings in telecom, petroleum, and media. Reliance Retail is one of the largest retailers in India. It operates Reliance Trends and Reliance Brands which have associations with several international brands, such as Diesel and Superdry among others.

In the Financial year (FY) 2016-17, Reliance Retail’s overall revenue was INR 33,765 crore. Out of this a 15% share or INR 5,000 crore was contributed by the fashion and lifestyle segment. In the previous year, this segment contributed 20% of revenue for Reliance Retail. The percentage of contribution reduced because Reliance Retail shifted the focus from fashion and lifestyle to electronics and grocery. However, margins in the apparel business are significantly higher compared to other business verticals operated by Reliance Retail.


Reliance Retail is all set to launch a chain of premium fashion and lifestyle stores called Project Eve. These stores will function under the experiential retailing format.

Reliance Industries Aims to Double Its Market Share in Fuel Retail

May 30, 2017

Mukesh Ambani led Reliance Industries Limited (RIL) is gearing up to capture a 10 percent market share in the fuel retail business, which will be double of its current market share. RIL is focusing on expansion and aspires to achieve this target in the coming two to three years.

RIL’s fuel retail business

In 2005, RIL had a 12 percent market share in fuel retail. Then, the crude oil prices started rising exponentially. RIL, being a private company did not get the benefit of subsidies that State-run oil companies enjoyed. Thus, in a period of nine years from 2005, the market share of RIL fell to 0.5 percent.

In June 2010, the government deregulated petrol prices and diesel prices were deregulated in October 2014. After this, RIL gradually started to make its fuel retail outlets operational again. The company currently holds a 5 percent market share in fuel retail.

Between 2004 and 2006, RIL set up 1,470 fuel retail outlets at the cost of INR 5,000 crore. Of these, 1,221 outlets are operating right now. The company has planned to reopen the remaining 249 outlets by the end of this year.

According to analysts, RIL sold Gulf Africa Petroleum Corp. this year, which was its South African venture in fuel retail and this indicates that RIL would be looking to expand the fuel retail business in the domestic market.

RIL’s future plans

As per a report, two officials have shared that RIL is planning to achieve a market share of 10 percent in the next two to three years, effectively doubling its current market share.

As per the officials, RIL is working on several plans to achieve its target. They revealed that RIL is exploring the markets where it is not represented in, which mostly consists of areas other than urban markets.

Analysts opined that RIL may be considering expanding its network to operate 2,500 to 3,000 outlets. This number would depend on commercial viability. The company may have up to 5,000 fuel retail outlets as it holds the licenses for this number.

In the end of Financial Year (FY) 2016–2017, RIL reported that its fuel retail revenue rose by 60.2 percent to INR 33,765 crore. The company also announced its plan to invest INR 2,500 crore in the form of capital expenditure to expand its number of fuel retail outlets.

In a press statement, Mukesh Ambani led Reliance Industries Limited (RIL) revealed that in the third quarter of FY 2016-2017, it had a throughput of 300 kiloliters per month (klpm) which is 85 klpm more than the previous quarter.

Till date, RIL has 448 outlets which are completely operated and owned by the company. According to the company’s plans, these outlets are set to be increased by 52 more in this financial year.

About RIL

RIL is an oil refinery company with its main plant located at Jamnagar. The twin refineries at Jamnagar export fuel and also supply it to Indian retailers.


RIL is planning to increase its market share in the fuel retail segment by twice to acquire 10 percent of the total market share.

Reliance Industries’ GenNext Hub Organizes a Roadshow in Bengaluru

May 8, 2017

‘Startup India’ initiative by the government has seen a lot of progress in making India a country having the ecosystem to support startups. The number of startups in India is expected to increase in the next few years. To help this growth, Mukesh Ambani led Reliance Industries Limited (RIL) and Microsoft Ventures came together to form the GenNext Hub program.

GenNext Hub program

GenNext Hub program is a four-month long initiative aimed to accelerate the startup community in India. It helps startups to scale-up from a product or an idea to a successful company. It provides access to funding opportunities, technical experts, and mentors. GenNext Hub also launched a facilitating program, ‘Scalerator’ targeted to present the high-growth startups with growth opportunities.

GenNext Hub has its focus on technology startups working in the areas of retail, healthcare, telecom, media, mobile apps, messaging, financial technology, cloud services, Industrial Internet of Things (IoT), or Consumer IoT. Further importance is given to technologies like machine learning, analytics, Virtual Reality (VR), deep learning, Software as a Service (SaaS), and Augmented Reality (AR).

GenNext Hub Roadshow

On 26th April 2017, the third GenNext Hub Roadshow was organized in Bengaluru. The event was organized in three tracks according to the different growth stages of the startup companies. The event saw 24 startups pitching to a panel of 11 experts across different tracks.

The first track had 15 alumni of the GenNext Hub program staging a pitch to various angel investors and venture capitalists. These companies were addressed by Naveen Asrani, Director of Startups at Microsoft, who urged them to keep customers close to the business as they are the first investors who believe in the product.

The second track consisted of RIL executives, who were pitched by high-growth startups. Senior executives from Reliance Retail, Reliance Jio, and RIL Enterprise IT and Digital Transformation were present. The startups in this track were focused in the areas of Artificial Intelligence (AI), logistics, financial technology, nanotechnology, drones, and other technologies.

The third track saw young startups wishing to secure admission in the Summer Cohort 2017 program. These startups pitched to the experts and mentors of the GenNext Hub team.

The purpose of the GenNext Hub Roadshow was to recognize startups with potential and help them increase scalability, build a strong foundation, and expand knowledge and resources. GenNext Hub has planned to organize more roadshows in the future.

Statements of Sushil Borde

Sushil Borde, Vice President at Reliance Innovation Leadership Centre, is of the opinion that one should always challenge the norm. According to him, Mukesh Ambani led Reliance is a company that has reinvented global industries. More than just a growth story, it is an innovation story, he said. He stated that Reliance started challenging the conventional wisdom and startups should also do the same. He added that startups should remember that India is a value conscious economy and like Reliance they should develop affordable products targeted to the masses.


GenNext Hub, a partnership program between Reliance Industries and Microsoft Accelerator, helps startups boost their scalability. It recently organized a GenNext Hub Roadshow in Bengaluru to identify the potential of the startups.