Reliance Industries Limited (RIL) is set to hire RS Sodhi, the former MD of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which is responsible for the popular Indian milk brand, Amul. Sodhi will be joining Reliance Retail Ventures Limited (RRVL), led by Isha Ambani, to assist the company in expanding its grocery business in India, with a specific focus on fruits and vegetables. In addition to this, Sodhi will also be responsible for strengthening the company’s presence in consumer brands.
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RS Sodhi’s appointment at Reliance Retail Ventures (RRVL) is viewed as a critical move to further accelerate Reliance Industries’ ambitious plans in the grocery sector. The company is establishing a distribution network via an omni-channel strategy. Currently, Reliance Consumer’s product range comprises of acquired brands such as Campa Cola and Sosyo Hajoori soft drinks, as well as Lotus chocolates and Maliban biscuits, alongside its own Independence and Good Life brands. For the financial year ending March 31, 2022, Reliance Retail Ventures reported a consolidated turnover of Rs 1,99,704 crore and a net profit of Rs 7,055 crore.
Important takeaways for all competitive exams:
- Reliance Industries Limited Owner: Mukesh Ambani;
- Reliance Industries Limited Founder: Dhirubhai Ambani.
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