From an oil and textiles company, Mukesh Ambani’s Reliance has grown into a household name in everything from 5G internet to online groceries and e-commerce. The Indian behemoth has expanded over the years to include media companies like Network 18 and a major toy retailer like Hamleys, among others. Reliance is reportedly planning to take a completely different course now and open salons all over India.
Adding items to its shopping cart
Naturals, a salon and spa chain with locations all over the country and headquarters in Chennai, is in talks with the Ambani-led conglomerate. Reliance Retail, however, was interested in the firm’s own line of skin and hair care products, which will enable it to compete with other brands like Hindustan Unilever Limited. The conglomerate has been expanding its retail business by acquiring popular lingerie brand Zivame and milk delivery startup MilkBasket.
Moving forward with the diversification process
The pharma delivery startup Netmeds, which allows for doorstep delivery of medications from pharmacies, has also been added to Reliance’s offering. Isha Ambani, the daughter of Mukesh Ambani, is leading the luxury apparel market at the same time to compete with brands like Zara and Mango. Anant Ambani will be considering new energy diversification, which Reliance has already begun to do by investing in US solar power startups.
In terms of foraying into uncharted territory, the Ambanis are also making investments in online gaming and have plans to expand Jio’s services by beaming internet from low-orbit satellites, similar to Elon Musk’s Starlink.