Can Ambani’s RIL really join the ranks of FAANG?

NEW DELHI: Mukesh Ambani’s Reliance Industries is a telecom giant, a large retailer and oil & gas major all put together, and is a now $200 billion conglomerate. It took 41 years for the company to hit the $100 billion market value in 2018 (from 1977) and just two years to become a $200 billion company, making investors wonder whether it will be the next Google, Amazon, Facebook or Apple or China’s Tencent in terms of growth.

A look at how analysts were estimating financials and valuations of these global firms at $200 billion and for RIL today throws up some interesting comparisons.