Reliance Retail is on a “Hyper Growth Trajectory”, says Mukesh Ambani

Reliance Industries NSE -2.38 % chairman Mukesh Ambani said the conglomerate’s retail venture will maintain its “hyper growth trajectory” to expand at least by three times in the next three to five years and is committed to becoming one of the world’s top ten retailers in the coming years.

“Reliance Retail continues to be amongst the fastest growing retailers in the world,” Ambani said while addressing the 44th annual general meeting of Reliance Industries. “This past year was the true test for our business. Despite challenging and restrictive operating conditions, Reliance Retail continued to deliver industry leading returns,” he said.