Reliance Retail to grow 3 times in 3 to 5 years: Mukesh Ambani

MUMBAI: Reliance Retail is on a hyper growth trajectory to grow at least three times in the next three to five years, Reliance Industries Ltd (RIL) chairman Mukesh Ambani said on Thursday.

“Reliance Retail continues to be among the fastest growing retailers in the world. We are committed to grow our business so that we are among the top 10 retailers globally,” he said while addressing RIL’s 44th annual general meeting (AGM) held virtually.

Ambani said the apparel business sold nearly five lakh units per day and over 18 crore units during 2020-21. This is equivalent to dressing the entire population of UK, Germany and Spain once.