RIL Announces New Member of Board as Independent Director
OREANDA-NEWS. The Board of Directors of Reliance Industries Limited (RIL) announced the appointment of Mr. Adil Zainulbhai as an Independent Director on the Board with immediate effect. With this the Board will expand to 14 members with 8 members being Independent Directors.
Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited said “Adil is undoubtedly one of the finest consulting minds in the world and we are delighted to have him join our Board. I look forward to his contributions in strengthening Reliance and preparing the organization for sustained high growth.”
Mr. Zainulbhai, till recently the Chairman, McKinsey India, has had a very distinguished 34 year career, consulting with a variety of Global and Indian Corporations and their Boards. He has been very closely associated with several government-sponsored projects in areas like energy, urbanization and inclusive growth, apart from his keen interest and efforts in community and social causes.
Mr. Zainulbhai grew up in Bombay and graduated in Mechanical Engineering from the Indian Institute of Technology. He also has an M.B.A. from Harvard Business School.
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with a turnover of INR 371,119 crore (USD 68.4 billion), cash profit of INR 30,505 crore (USD 5.6 billion) and net profit of INR 21,003 crore (USD 3.9 billion) as of March 31, 2013.
RIL is the first private sector company from India to feature in Fortune's Global 500 list of 'World's Largest Corporations' and currently ranks 107th in terms of revenues and 128th in terms of profits in 2013. RIL ranks 68th in the Financial Times' FT Global 500 list of the world's largest companies. RIL is ranked amongst the '50 Most Innovative Companies - 2010' in the World in a survey conducted by the US financial publication - Business Week in collaboration with the Boston Consulting Group (BCG). In 2010, BCG also ranked RIL as the second highest 'Sustainable Value Creators' for creating the most shareholder value over the decade in the world.
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