Rating Rationale (2024)

Names of Entities Consolidated

Extent of Consolidation

Rationale for Consolidation

Sikka Ports & Terminals Ltd

Full consolidation

Operational/financial linkages with RIL

Jamnagar Utilities & Power Pvt Ltd

Full consolidation

Operational/financial linkages with RIL

Reliance Industries Holding Private Limited

Full consolidation

Operational/financial linkages with RIL

Reliance Jio Infocomm Limited

Full consolidation

Subsidiary

Reliance Retail Limited

Full consolidation

Subsidiary

7-India Convenience Retail Limited

Full consolidation

Subsidiary

Aaidea Solutions Limited (formerly known as Aaidea Solutions Private Limited)

Full consolidation

Subsidiary

ABC Cable Network Private Limited

Full consolidation

Subsidiary

Abraham and Thakore Exports Private Limited

Full consolidation

Subsidiary

Actoserba Active Wholesale Limited (formerly known as Actoserba Active Wholesale Private Limited)

Full consolidation

Subsidiary

Addverb Technologies BV

Full consolidation

Subsidiary

Addverb Technologies Private Limited

Full consolidation

Subsidiary

Addverb Technologies Pte Limited

Full consolidation

Subsidiary

Addverb Technologies Pty Limited

Full consolidation

Subsidiary

Addverb Technologies USA Inc.

Full consolidation

Subsidiary

Adhunik Cable Network Private Limited

Full consolidation

Subsidiary

Adventure Marketing Private Limited

Full consolidation

Subsidiary

AETN18 Media Private Limited

Full consolidation

Subsidiary

Affinity USA LLC

Full consolidation

Subsidiary

Amante India Private Limited (Formerly known as MAS Brands India Private Limited)

Full consolidation

Subsidiary

Ambika DEN Cable Network Private Limited

Full consolidation

Subsidiary

Amogh Broad Band Services Private Limited

Full consolidation

Subsidiary

Angel Cable Network Private Limited

Full consolidation

Subsidiary

Antique Communications Private Limited

Full consolidation

Subsidiary

Asteria Aerospace Limited (formerly known as Asteria Aerospace Private Limited)

Full consolidation

Subsidiary

Augment Cable Network Private Limited

Full consolidation

Subsidiary

Aurora Algae LLC

Full consolidation

Subsidiary

Bali Den Cable Network Private Limited

Full consolidation

Subsidiary

Bee Network and Communication Private Limited

Full consolidation

Subsidiary

Bhadohi DEN Entertainment Private Limited

Full consolidation

Subsidiary

Big Den Entertainment Private Limited

Full consolidation

Subsidiary

Binary Technology Transfers Private Limited

Full consolidation

Subsidiary

Blossom Entertainment Private Limited

Full consolidation

Subsidiary

Cab-i-Net Communications Private Limited

Full consolidation

Subsidiary

Channels India Network Private Limited

Full consolidation

Subsidiary

Chennai Cable Vision Network Private Limited

Full consolidation

Subsidiary

Colorful Media Private Limited

Full consolidation

Subsidiary

Colosceum Media Private Limited

Full consolidation

Subsidiary

Crystal Vision Media Private Limited

Full consolidation

Subsidiary

C-Square Info Solutions Private Limited

Full consolidation

Subsidiary

Dadha Pharma Distribution Private Limited

Full consolidation

Subsidiary

Den A.F. Communication Private Limited

Full consolidation

Subsidiary

Den Aman Entertainment Private Limited

Full consolidation

Subsidiary

DEN Ambey Cable Networks Private Limited

Full consolidation

Subsidiary

Den Ashu Cable Private Limited

Full consolidation

Subsidiary

DEN BCN Suncity Network Private Limited

Full consolidation

Subsidiary

Den Bindra Network Private Limited

Full consolidation

Subsidiary

Den Broadband Private Limited

Full consolidation

Subsidiary

Den Budaun Cable Network Private Limited

Full consolidation

Subsidiary

Den Citi Channel Private Limited

Full consolidation

Subsidiary

Den Classic Cable TV Services Private Limited

Full consolidation

Subsidiary

DEN Crystal Vision Network Private Limited

Full consolidation

Subsidiary

Den Digital Cable Network Private Limited

Full consolidation

Subsidiary

Den Discovery Digital Network Private Limited

Full consolidation

Subsidiary

Den Elgee Cable Vision Private Limited

Full consolidation

Subsidiary

Den Enjoy Cable Networks Private Limited

Full consolidation

Subsidiary

Den Enjoy Navaratan Network Private Limited

Full consolidation

Subsidiary

DEN Enjoy SBNM Cable Network Private Limited

Full consolidation

Subsidiary

Den F K Cable TV Network Private Limited

Full consolidation

Subsidiary

Den Faction Communication System Private Limited

Full consolidation

Subsidiary

Den Fateh Marketing Private Limited

Full consolidation

Subsidiary

DEN Harsh Mann Cable Network Private Limited

Full consolidation

Subsidiary

Den Jai Ambey Vision Cable Private Limited

Full consolidation

Subsidiary

Den Kashi Cable Network Private Limited

Full consolidation

Subsidiary

Den Kattakada Telecasting and Cable Services Private

Full consolidation

Subsidiary

DEN Krishna Cable TV Network Private Limited

Full consolidation

Subsidiary

Den Maa Sharda Vision Cable Networks Private Limited

Full consolidation

Subsidiary

Den Mahendra Satellite Private Limited

Full consolidation

Subsidiary

Den Malabar Cable Vision Private Limited

Full consolidation

Subsidiary

DEN Malayalam Telenet Private Limited

Full consolidation

Subsidiary

Den MCN Cable Network Private Limited

Full consolidation

Subsidiary

Den Mod Max Cable Network Private Limited

Full consolidation

Subsidiary

Den Nashik City Cable Network Private Limited

Full consolidation

Subsidiary

Den Networks Limited

Full consolidation

Subsidiary

DEN Patel Entertainment Network Private Limited

Full consolidation

Subsidiary

DEN Pawan Cable Network Private Limited

Full consolidation

Subsidiary

Den Pradeep Cable Network Private Limited

Full consolidation

Subsidiary

DEN Prayag Cable Networks Private Limited

Full consolidation

Subsidiary

Den Premium Multilink Cable Network Private Limited

Full consolidation

Subsidiary

Den Prince Network Private Limited

Full consolidation

Subsidiary

Den Radiant Satelite Cable Network Private Limited

Full consolidation

Subsidiary

Den Rajkot City Communication Private Limited

Full consolidation

Subsidiary

Den Sahyog Cable Network Private Limited

Full consolidation

Subsidiary

Den Sariga Communications Private Limited

Full consolidation

Subsidiary

Den Satellite Cable TV Network Private Limited

Full consolidation

Subsidiary

Den Saya Channel Network Private Limited

Full consolidation

Subsidiary

Den Steel City Cable Network Private Limited

Full consolidation

Subsidiary

DEN STN Television Network Private Limited

Full consolidation

Subsidiary

Den Supreme Satellite Vision Private Limited

Full consolidation

Subsidiary

DEN Varun Cable Network Private Limited

Full consolidation

Subsidiary

DEN VM Magic Entertainment Private Limited

Full consolidation

Subsidiary

Den-Manoranjan Satellite Private Limited

Full consolidation

Subsidiary

Desire Cable Network Private Limited

Full consolidation

Subsidiary

Devine Cable Network Private Limited

Full consolidation

Subsidiary

Digital18 Media Limited

Full consolidation

Subsidiary

Disk Cable Network Private Limited

Full consolidation

Subsidiary

Divya Drishti Den Cable Network Private Limited

Full consolidation

Subsidiary

Drashti Cable Network Private Limited

Full consolidation

Subsidiary

Dronagiri Bokadvira East Infra Limited

Full consolidation

Subsidiary

Dronagiri Bokadvira North Infra Limited

Full consolidation

Subsidiary

Dronagiri Bokadvira South Infra Limited

Full consolidation

Subsidiary

Dronagiri Bokadvira West Infra Limited

Full consolidation

Subsidiary

Dronagiri Dongri East Infra Limited

Full consolidation

Subsidiary

Dronagiri Dongri North Infra Limited

Full consolidation

Subsidiary

Dronagiri Dongri South Infra Limited

Full consolidation

Subsidiary

Dronagiri Dongri West Infra Limited

Full consolidation

Subsidiary

Dronagiri Funde East Infra Limited

Full consolidation

Subsidiary

Dronagiri Funde North Infra Limited

Full consolidation

Subsidiary

Dronagiri Funde South Infra Limited

Full consolidation

Subsidiary

Dronagiri Funde West Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar East Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar North First Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar North Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar North Second Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar South First Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar South Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar South Second Infra Limited

Full consolidation

Subsidiary

Dronagiri Navghar West Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote East Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote North First Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote North Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote North Second Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote South First Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote South Infra Limited

Full consolidation

Subsidiary

Dronagiri Pagote West Infra Limited

Full consolidation

Subsidiary

Dronagiri Panje East Infra Limited

Full consolidation

Subsidiary

Dronagiri Panje North Infra Limited

Full consolidation

Subsidiary

Dronagiri Panje South Infra Limited

Full consolidation

Subsidiary

Dronagiri Panje West Infra Limited

Full consolidation

Subsidiary

eDreams Edusoft Private Limited

Full consolidation

Subsidiary

e-Eighteen.com Limited

Full consolidation

Subsidiary

East West Pipeline Ltd

Full consolidation

Subsidiary

Ekta Entertainment Network Private Limited

Full consolidation

Subsidiary

Elite Cable Network Private Limited

Full consolidation

Subsidiary

Eminent Cable Network Private Limited

Full consolidation

Subsidiary

Enercent Technologies Private Limited

Full consolidation

Subsidiary

Fab Den Network Limited

Full consolidation

Subsidiary

Faradion Limited

Full consolidation

Subsidiary

Faradion UG

Full consolidation

Subsidiary

Foodhall Franchises Limited

Full consolidation

Subsidiary

Fortune (Baroda) Network Private Limited

Full consolidation

Subsidiary

Fun Cable Network Private Limited

Full consolidation

Subsidiary

Future Lifestyles Franchisee Limited

Full consolidation

Subsidiary

Futuristic Media and Entertainment Limited

Full consolidation

Subsidiary

Galaxy Den Media & Entertainment Private Limited

Full consolidation

Subsidiary

Gemini Cable Network Private Limited

Full consolidation

Subsidiary

Genesis Colors Limited

Full consolidation

Subsidiary

Genesis La Mode Private Limited

Full consolidation

Subsidiary

GLB Body Care Private Limited

Full consolidation

Subsidiary

GLF Lifestyle Brands Private Limited

Full consolidation

Subsidiary

Glimpse Communications Private Limited

Full consolidation

Subsidiary

GML India Fashion Private Limited

Full consolidation

Subsidiary

Grab A Grub Services Private Limited

Full consolidation

Subsidiary

Greycells18 Media Limited

Full consolidation

Subsidiary

Hamleys (Franchising) Limited

Full consolidation

Subsidiary

Hamleys Asia Limited

Full consolidation

Subsidiary

Hamleys Global Holdings Limited

Full consolidation

Subsidiary

Hamleys of London Limited

Full consolidation

Subsidiary

Hamleys Toys (Ireland) Limited

Full consolidation

Subsidiary

Hathway Digital Saharanpur Cable & Datacom Limited

Full consolidation

Subsidiary

Hathway Bhawani Cabletel & Datacom Limited

Full consolidation

Subsidiary

Hathway Broadband Private Limited

Full consolidation

Subsidiary

Hathway Cable and Datacom Limited

Full consolidation

Subsidiary

Hathway Cnet Private Limited

Full consolidation

Subsidiary

Hathway Digital Limited

Full consolidation

Subsidiary

Hathway Enjoy Cable Network Private Limited

Full consolidation

Subsidiary

Hathway Gwalior Cable & Datacom Private Limited

Full consolidation

Subsidiary

Hathway Internet Satellite Private Limited

Full consolidation

Subsidiary

Hathway JMD Farukhabad Cable Network Private Limited

Full consolidation

Subsidiary

Hathway Kokan Crystal Cable Network Private Limited

Full consolidation

Subsidiary

Hathway Krishna Cable Private Limited

Full consolidation

Subsidiary

Hathway Mantra Cable & Datacom Private Limited

Full consolidation

Subsidiary

Hathway Media Vision Private Limited

Full consolidation

Subsidiary

Hathway Mysore Cable Network Private Limited

Full consolidation

Subsidiary

Hathway Nashik Cable Network Private Limited

Full consolidation

Subsidiary

Hathway New Concept Cable & Datacom Private Limited

Full consolidation

Subsidiary

Hathway Software Developers Private Limited

Full consolidation

Subsidiary

Hathway Space Vision Cabletel Private Limited

Full consolidation

Subsidiary

Hathway United Cables Private Limited

Full consolidation

Subsidiary

Ideal Cables Private Limited

Full consolidation

Subsidiary

Intelligent Supply Chain Infrastructure Management Private Limited (Formerly Known as Jio Digital Cableco Private Limited)

Full consolidation

Subsidiary

IndiaCast Media Distribution Private Limited

Full consolidation

Subsidiary

IndiaCast UK Limited

Full consolidation

Subsidiary

IndiaCast US Limited

Full consolidation

Subsidiary

Indiavidual Learning Private Limited

Full consolidation

Subsidiary

Indiawin Sports Private Limited

Full consolidation

Subsidiary

Indradhanush Cable Network Private Limited

Full consolidation

Subsidiary

Infomedia Press Limited

Full consolidation

Subsidiary

ITV Interactive Media Private Limited

Full consolidation

Subsidiary

Intimi India Private Limited

Full consolidation

Subsidiary

Jaisuryas Retail Ventures Private Limited

Full consolidation

Subsidiary

JD International Pte. Ltd.

Full consolidation

Subsidiary

Jhankar Cable Network Private Limited

Full consolidation

Subsidiary

Jio Cable and Broadband Holdings Private Limited

Full consolidation

Subsidiary

Jio Content Distribution Holdings Private Limited

Full consolidation

Subsidiary

Jio Digital Distribution Holdings Private Limited

Full consolidation

Subsidiary

Jio Estonia OU

Full consolidation

Subsidiary

Jio Futuristic Digital Holdings Private Limited

Full consolidation

Subsidiary

Jio Haptik Technologies Limited

Full consolidation

Subsidiary

Jio Information Aggregator Services Limited

Full consolidation

Subsidiary

Jio Internet Distribution Holdings Private Limited

Full consolidation

Subsidiary

Jio Infrastructure Management Services Limited

Full consolidation

Subsidiary

Jio Limited

Full consolidation

Subsidiary

Jio Media Limited

Full consolidation

Subsidiary

Jio Platforms Limited

Full consolidation

Subsidiary

Jio Satellite Communications Limited

Full consolidation

Subsidiary

Jio Space Technology Limited

Full consolidation

Subsidiary

Jio Television Distribution Holdings Private Limited

Full consolidation

Subsidiary

Jio Things Limited

Full consolidation

Subsidiary

Just Dial Inc.

Full consolidation

Subsidiary

Just Dial Limited

Full consolidation

Subsidiary

Kalamboli East Infra Limited

Full consolidation

Subsidiary

Kalamboli North First Infra Limited

Full consolidation

Subsidiary

Kalamboli North Infra Limited

Full consolidation

Subsidiary

Kalamboli North Second Infra Limited

Full consolidation

Subsidiary

Kalamboli North Third Infra Limited

Full consolidation

Subsidiary

Kalamboli South First Infra Limited

Full consolidation

Subsidiary

Kalamboli South Infra Limited

Full consolidation

Subsidiary

Kalamboli West Infra Limited

Full consolidation

Subsidiary

Kalanikethan Fashions Private Limited

Full consolidation

Subsidiary

Kalanikethan Silks Private Limited

Full consolidation

Subsidiary

Kutch New Energy Projects Limited (Formerly known as Reliance Solar Projects Limited)

Full consolidation

Subsidiary

Kishna DEN Cable Networks Private Limited

Full consolidation

Subsidiary

Liberty Media Vision Private Limited

Full consolidation

Subsidiary

Libra Cable Network Private Limited

Full consolidation

Subsidiary

Luvley Limited

Full consolidation

Subsidiary

M Entertainments Private Limited

Full consolidation

Subsidiary

Mahadev Den Cable Network Private Limited

Full consolidation

Subsidiary

Mahavir Den Entertainment Private Limited

Full consolidation

Subsidiary

Maitri Cable Network Private Limited

Full consolidation

Subsidiary

Mansion Cable Network Private Limited

Full consolidation

Subsidiary

Marble Cable Network Private Limited

Full consolidation

Subsidiary

MAS Brands Exports (Private) Limited

Full consolidation

Subsidiary

MAS Brands Lanka (Private) Limited

Full consolidation

Subsidiary

Media18 Distribution Services Limited

Full consolidation

Subsidiary

Meerut Cable Network Private Limited

Full consolidation

Subsidiary

Mesindus Ventures Limited

Full consolidation

Subsidiary

Mindex 1 Limited

Full consolidation

Subsidiary

Model Economic Township Limited

Full consolidation

Subsidiary

Moneycontrol Dot Com India Limited

Full consolidation

Subsidiary

Mountain Cable Network Private Limited

Full consolidation

Subsidiary

Multi Channel Cable Network Private Limited

Full consolidation

Subsidiary

Multi Star Cable Network Private Limited

Full consolidation

Subsidiary

Multitrack Cable Network Private Limited

Full consolidation

Subsidiary

MYJD Private Limited

Full consolidation

Subsidiary

Nectar Entertainment Private Limited

Full consolidation

Subsidiary

Netmeds Marketplace Limited

Full consolidation

Subsidiary

Network18 Media & Investments Limited

Full consolidation

Subsidiary

New Emerging World of Journalism Private Limited

Full consolidation

Subsidiary

Nilgiris Stores Limited

Full consolidation

Subsidiary

NowFloats Technologies Private Limited

Full consolidation

Subsidiary

Radiant Satellite (India) Private Limited

Full consolidation

Subsidiary

Radisys B.V.

Full consolidation

Subsidiary

Radisys Canada Inc.

Full consolidation

Subsidiary

Radisys Cayman Limited

Full consolidation

Subsidiary

Radisys Convedia (Ireland) Limited

Full consolidation

Subsidiary

Radisys Corporation

Full consolidation

Subsidiary

Radisys GmbH

Full consolidation

Subsidiary

Radisys India Limited

Full consolidation

Subsidiary

Radisys International LLC

Full consolidation

Subsidiary

Radisys International Singapore Pte. Ltd.

Full consolidation

Subsidiary

Radisys Poland sp. z o.o

Full consolidation

Subsidiary

Radisys Spain S.L.U.

Full consolidation

Subsidiary

Radisys Systems Equipment Trading (Shanghai) Co. Ltd.

Full consolidation

Subsidiary

Radisys Technologies (Shenzhen) Co. Ltd.

Full consolidation

Subsidiary

Radisys UK Limited

Full consolidation

Subsidiary

RB Holdings Private Limited

Full consolidation

Subsidiary

RB Media Holdings Private Limited

Full consolidation

Subsidiary

RB Mediasoft Private Limited

Full consolidation

Subsidiary

RBML Solutions India Limited

Full consolidation

Subsidiary

REC Americas LLC

Full consolidation

Subsidiary

REC ScanModule Sweden AB

Full consolidation

Subsidiary

REC Solar (Japan) Co., Ltd

Full consolidation

Subsidiary

REC Solar EMEA GmbH

Full consolidation

Subsidiary

REC Solar France SAS

Full consolidation

Subsidiary

REC Solar Holdings AS

Full consolidation

Subsidiary

REC Solar Norway AS

Full consolidation

Subsidiary

REC Solar Pte. Ltd

Full consolidation

Subsidiary

REC Systems (Thailand) Co., Ltd.

Full consolidation

Subsidiary

REC Trading (Shanghai) Co., Ltd

Full consolidation

Subsidiary

REC US Holdings, Inc.

Full consolidation

Subsidiary

Recron (Malaysia) Sdn. Bhd.

Full consolidation

Subsidiary

Reliance 4IR Realty Development Limited

Full consolidation

Subsidiary

Reliance Ambit Trade Private Limited

Full consolidation

Subsidiary

Reliance BP Mobility Limited

Full consolidation

Subsidiary

Reliance Brands Luxury Fashion Private Limited

Full consolidation

Subsidiary

Reliance Brands Holding UK Limited

Full consolidation

Subsidiary

Reliance Brands Limited

Full consolidation

Subsidiary

Reliance Carbon Fibre Cylinder Limited

Full consolidation

Subsidiary

Reliance Clothing India Private Limited

Full consolidation

Subsidiary

Reliance Commercial Dealers Limited

Full consolidation

Subsidiary

Reliance Comtrade Private Limited

Full consolidation

Subsidiary

Reliance Content Distribution Limited

Full consolidation

Subsidiary

Reliance Corporate IT Park Limited

Full consolidation

Subsidiary

Reliance Digital Health Limited (Formerly known as Kanhatech Solutions Limited)

Full consolidation

Subsidiary

Reliance Digital Health USA Inc.

Full consolidation

Subsidiary

Reliance Eagleford Upstream GP LLC

Full consolidation

Subsidiary

Reliance Eagleford Upstream Holding LP

Full consolidation

Subsidiary

Reliance Eagleford Upstream LLC

Full consolidation

Subsidiary

Reliance Eminent Trading & Commercial Private Limited

Full consolidation

Subsidiary

Reliance Ethane Holding Pte Limited

Full consolidation

Subsidiary

Reliance Ethane Pipeline Limited

Full consolidation

Subsidiary

Reliance Exploration & Production DMCC

Full consolidation

Subsidiary

Reliance Gas Lifestyle India Private Limited

Full consolidation

Subsidiary

Reliance Gas Pipelines Limited

Full consolidation

Subsidiary

Reliance Global Energy Services (Singapore) Pte Ltd.

Full consolidation

Subsidiary

Reliance Global Energy Services Limited

Full consolidation

Subsidiary

Reliance Hydrogen Electrolysis Limited

Full consolidation

Subsidiary

Reliance Hydrogen Fuel Cell Limited^

Full consolidation

Subsidiary

Reliance Industrial Investments and Holdings Limited

Full consolidation

Subsidiary

Reliance Industries (Middle East) DMCC

Full consolidation

Subsidiary

Reliance Innovative Building Solutions Private Limited

Full consolidation

Subsidiary

Reliance Jio Global Resources LLC

Full consolidation

Subsidiary

Reliance Jio Infocomm Pte. Limited

Full consolidation

Subsidiary

Reliance Jio Infocomm UK Limited

Full consolidation

Subsidiary

Reliance Jio Infocomm USA, Inc.

Full consolidation

Subsidiary

Reliance Jio Media Limited

Full consolidation

Subsidiary

Reliance Jio Messaging Services Limited

Full consolidation

Subsidiary

Reliance Lifestyle Products Private Limited

Full consolidation

Subsidiary

Reliance Marcellus II LLC

Full consolidation

Subsidiary

Reliance Marcellus LLC

Full consolidation

Subsidiary

Reliance New Energy Carbon Fibre Cylinder Limited

Full consolidation

Subsidiary

Reliance New Energy Hydrogen Electrolysis Limited

Full consolidation

Subsidiary

Reliance New Energy Hydrogen Fuel Cell Limited

Full consolidation

Subsidiary

Reliance New Energy Limited (Formerly known as Reliance New Energy Solar Limited)

Full consolidation

Subsidiary

Reliance New Energy Power Electronics Limited

Full consolidation

Subsidiary

Reliance New Energy Storage Limited

Full consolidation

Subsidiary

Reliance New Solar Energy Limited

Full consolidation

Subsidiary

Reliance O2C Limited

Full consolidation

Subsidiary

Reliance Payment Solutions Limited

Full consolidation

Subsidiary

Reliance Petro Marketing Limited

Full consolidation

Subsidiary

Reliance Petroleum Retail Limited

Full consolidation

Subsidiary

Reliance Power Electronics Limited

Full consolidation

Subsidiary

Reliance Progressive Traders Private Limited

Full consolidation

Subsidiary

Reliance Projects & Property Management Services Limited

Full consolidation

Subsidiary

Reliance Prolific Commercial Private Limited

Full consolidation

Subsidiary

Reliance Prolific Traders Private Limited

Full consolidation

Subsidiary

Reliance Retail and Fashion Lifestyle Limited

Full consolidation

Subsidiary

Reliance Retail Finance Limited

Full consolidation

Subsidiary

Reliance Retail Insurance Broking Limited

Full consolidation

Subsidiary

Reliance Retail Ventures Limited

Full consolidation

Subsidiary

Reliance Ritu Kumar Private Limited (Formerly known as Ritika Private Limited)

Full consolidation

Subsidiary

Reliance Sibur Elastomers Private Limited

Full consolidation

Subsidiary

Reliance SMSL Limited

Full consolidation

Subsidiary

Reliance Storage Limited

Full consolidation

Subsidiary

Reliance Strategic Business Ventures Limited

Full consolidation

Subsidiary

Reliance Strategic Investments Limited

Full consolidation

Subsidiary

Reliance Syngas Limited

Full consolidation

Subsidiary

Reliance Universal Traders Private Limited

Full consolidation

Subsidiary

Reliance Vantage Retail Limited

Full consolidation

Subsidiary

Reliance Ventures Limited

Full consolidation

Subsidiary

Reliance-GrandOptical Private Limited

Full consolidation

Subsidiary

Reverie Language Technologies Limited

Full consolidation

Subsidiary

RIL USA, Inc.

Full consolidation

Subsidiary

RISE Worldwide Limited

Full consolidation

Subsidiary

Ritu Kumar ME (FZE) (Formerly known as Ritu Kumar ME (FZC))

Full consolidation

Subsidiary

Roptonal Limited

Full consolidation

Subsidiary

Rose Entertainment Private Limited

Full consolidation

Subsidiary

RP Chemicals (Malaysia) Sdn. Bhd.

Full consolidation

Subsidiary

RRB Mediasoft Private Limited

Full consolidation

Subsidiary

Saavn Inc.

Full consolidation

Subsidiary

Saavn LLC

Full consolidation

Subsidiary

Saavn Media Private Limited

Full consolidation

Subsidiary

SankhyaSutra Labs Limited

Full consolidation

Subsidiary

Sanmati DEN Cable TV Network Private Limited

Full consolidation

Subsidiary

Sanmati Entertainment Private Limited

Full consolidation

Subsidiary

Scrumpalicious Limited

Full consolidation

Subsidiary

Shopsense Retail Technologies Limited

Full consolidation

Subsidiary

Shree Sidhivinayak Cable Network Limited

Full consolidation

Subsidiary

Shri Kannan Departmental Store Limited

Full consolidation

Subsidiary

Silverline Television Network Private Limited

Full consolidation

Subsidiary

skyTran Inc.

Full consolidation

Subsidiary

skyTran Israel Ltd.

Full consolidation

Subsidiary

Sree Gokulam Starnet Communication Private Limited

Full consolidation

Subsidiary

Srishti DEN Networks Private Limited

Full consolidation

Subsidiary

Stoke Park Limited

Full consolidation

Subsidiary

Strand Life Sciences Private Limited

Full consolidation

Subsidiary

Surajya Services Private Limited

Full consolidation

Subsidiary

Surela Investment and Trading Limited

Full consolidation

Subsidiary

Tesseract Imaging Limited

Full consolidation

Subsidiary

The Hamleys Group Limited

Full consolidation

Subsidiary

The Indian Film Combine Private Limited

Full consolidation

Subsidiary

Tira Beauty Limited

Full consolidation

Subsidiary

Tresara Health Private Limited

Full consolidation

Subsidiary

Trident Entertainment Private Limited

Full consolidation

Subsidiary

TV18 Broadcast Limited

Full consolidation

Subsidiary

Ulwe East Infra Limited

Full consolidation

Subsidiary

Ulwe North Infra Limited

Full consolidation

Subsidiary

Ulwe South Infra Limited

Full consolidation

Subsidiary

Ulwe Waterfront East Infra Limited

Full consolidation

Subsidiary

Ulwe Waterfront North Infra Limited

Full consolidation

Subsidiary

Ulwe Waterfront South Infra Limited

Full consolidation

Subsidiary

Ulwe Waterfront West Infra Limited

Full consolidation

Subsidiary

Ulwe West Infra Limited

Full consolidation

Subsidiary

United Cable Network (Digital) Private Limited

Full consolidation

Subsidiary

Urban Ladder Home Décor Solutions Limited

Full consolidation

Subsidiary

UTN Cable Communication Private Limited

Full consolidation

Subsidiary

VasyERP Solutions Private Limited

Full consolidation

Subsidiary

VBS Digital Distribution Network Private Limited

Full consolidation

Subsidiary

Viacom18 Media (UK) Limited

Full consolidation

Subsidiary

Viacom18 Media Private Limited

Full consolidation

Subsidiary

Viacom18 US Inc.

Full consolidation

Subsidiary

Victor Cable TV Network Private Limited

Full consolidation

Subsidiary

Vision India Network Private Limited

Full consolidation

Subsidiary

Vitalic Health Private Limited

Full consolidation

Subsidiary

Watermark Infratech Private Limited

Full consolidation

Subsidiary

Web18 Digital Services Limited

Full consolidation

Subsidiary

Win Cable & Datacom Private Limited

Full consolidation

Subsidiary

Rating Rationale (2024)

FAQs

Rating Rationale? ›

Rating Rationale means a brief of underlying factors to arrive credit rating decision, among others, including background of the issuer or issue, business modalities, key rating factors, sensitivity indicators, financial positions, obligations, etc.

What is the purpose of rating process? ›

Rating process means the activities undertaken by EuroRating to carry out an analysis of financial reliability (credit risk) in order to assign a credit rating to a rated entity or to conduct other rating action; this shall also include approving such a rating and/or rating action and the subsequent rating monitoring.

What are the factors determining rating? ›

Factors Considered in Credit Ratings

Several factors are taken into account when determining credit ratings. These factors can be broadly categorized into five main areas: credit history, payment history, credit utilization, credit mix, and length of credit history.

What is the objective of credit rating? ›

Credit ratings provide an objective and unbiased evaluation of credit risk. They provide transparency and consistency in assessing borrowers' creditworthiness, making it easier for lenders and investors to make informed decisions.

What is rating methodology? ›

Rating Methodologies

Best's Credit Rating Methodology (BCRM) is a comprehensive overview of the credit rating process, which consists of quantitative and qualitative evaluations of balance sheet strength, operating performance, business profile, and enterprise risk management.

What is the purpose of ratings? ›

It's a quick and effective way for consumers to assess a product or service's worth, without having to delve deeper into details. Ratings can directly affect a brand's reputation, influencing future customer engagement, purchase behavior and brand loyalty.

What is the purpose of a performance rating? ›

It enables organisations to understand who their top performers are for talent planning purposes. It can provide supporting evidence when taking action against poor performers (e.g. in dismissal cases). It lets employees know where they stand in relation to their peers.

What key factors are considered in rating process? ›

Some key factors include:
  • A) Financial statements and historical performance. Credit rating agencies analyze an issuer's financial statements to assess its financial health and performance over time. ...
  • B) ...
  • C) Legal and regulatory environment. ...
  • D) Management and governance. ...
  • E) Macroeconomic factors.

What is the purpose of a rating factor? ›

A rating factor is an individual characteristic of a customer used to price car insurance premiums. Put simply, the less risky your rating factors are, the cheaper your car insurance policy will be.

What is the rating factor? ›

Rating factor is a factor by which the nominal full load current of a CT can be multiplied to determine its absolute maximum measurable primary current.

What is credit rating rationale? ›

Rating Rationale means a brief of underlying factors to arrive credit rating decision, among others, including background of the issuer or issue, business modalities, key rating factors, sensitivity indicators, financial positions, obligations, etc.

Why is a credit rating so important? ›

A credit score is usually a three-digit number that lenders use to help them decide whether you get a mortgage, a credit card or some other line of credit, and the interest rate you are charged for this credit. The score is a picture of you as a credit risk to the lender at the time of your application.

What are the concepts of credit rating? ›

A credit rating is an opinion of a particular credit agency regarding the ability and willingness an entity (government, business, or individual) to fulfill its financial obligations in completeness and within the established due dates. A credit rating also signifies the likelihood a debtor will default.

What is the concept of rating? ›

A rating is a valuation or rank on a scale. Hotels are often ranked from zero to five stars, so a fancy hotel with loads of amenities (like a pool and plush bathrobes) will usually have a five-star rating.

What is rating analysis? ›

Rating analysis methods are based on a weighted scoring. Weighted scoring is a method for ranking and evaluating objects of analysis based on several weighted (balancing) criteria. The evaluation criterion is an indicator, a measure, a measured characteristic.

What is a rating model? ›

Rating models define the values that can be used to rate an employee's performance or level of proficiency. The rating model defines the qualitative values, such as A, B, C, or D, that the system uses to rate or score an employee's performance.

What is the purpose of rating systems? ›

Historically, these ratings and others like them were based on an objective list of criteria and carried out by experts in their fields. Like their counterparts today, the focus of these ratings was to give customers information to help them choose the product or experience that was right for them.

What is meant by rating process? ›

The rating process. incorporates all relevant information provided directly by the issuer or their agents or other third-party including publicly. available information. This may include background data, financial information, forecasts, risk reports and performance. information.

What is the function of rating? ›

The first is that it provides a number of possible answers to a question. The second function of a rating scale is that it permits the questioner to restrict the `conversation' and focus on just those areas relevant to the research being conducted.

What is the stated purpose for the rating system? ›

Audiences and film critics make these determinations. The ratings are not intended to approve, disapprove or censor any movie. Rather, ratings offer guidance to parents regarding the level of content in a movie.

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