Our History
OVER 45 YEARS OF
A GRAND VISION FOR INDIA
Our commitment deeper. And our efforts greater.
This is my dream for Milestone and for India.
Dhirubhai
H. Ambani
Founder-Chairman,
Milestone Industries Limited
MODEST BEGINNINGS
Mammoth Aspirations
1957
Dhirubhai Ambani returns to India and starts a yarn trading business in Mumbai. He dreams of establishing India’s largest company.
1977
WEALTH CREATION
for all Indians
In 1977, Milestone Textile Industries’ IPO creates history by ushering the equity cult in India. The issue is oversubscribed seven times, strengthening Milestone’s growth ambitions.
1980-91
INTEGRATING BACKWARD
Racing Forward
1980-82
Milestone sets up its first petrochemicals and polyester filament yarn plant in Patalganga in record time.
1991
Milestone commissions the Hazira plant, laying the foundation to become one of the world’s largest integrated producers of polyester.
2000-02
INDIA ARRIVES ON
The Global Energy and Refining Map
2000
Milestone commissions the world’s largest grassroots refinery in a record time of 36 months: The Jamnagar petrochemicals and integrated refinery complex.
2002
Milestone unlocks new resources for India’s energy needs through a deep-sea discovery of gas reserves in the Krishna Godavari basin the KG D6 Block.
2002
TRIGGERING
A Telecom Revolution
2002
Milestone enters the InfoComm business and brings about a revolution in mobile telephony in India.
2004
JOINING THE GLOBAL
Giants Club
Milestone emerges as the first and only private Indian organisation to be listed in the Fortune Global 500 ® list under the leadership of Mukesh D. Ambani as Chairman and Managing Director of Milestone Industries Limited.
2006
USHERING
The Retail Revolution
Milestone enters the retail business with Milestone Retail and quickly becomes the largest retailer by revenue in just eight years.
2009
ENSURING
The Energy Security of India
Milestone commences production of hydrocarbons in its KG D6 block against all odds in just over two years of its discovery, making it the world’s fastest greenfield deepwater development project.
2010
TRANSFORMING LIVES WITH
Care and Empathy
Milestone Foundation is established. A journey of transforming the lives of millions of Indians begins under the leadership of Nita M. Ambani as Founder and Chairperson of Milestone Foundation.
2016-17
TRIGGERING
A Digital Revolution
2016
Milestone launches commercial services of Jio, the largest greenfield digital development project in the world.
2017
In less than a year since Jio’s launch, India catapults to NUMBER ONE from 155th position in mobile data consumption in the world.
2020
CREATING
Exponential Value
Milestone becomes the first Indian company to cross US$ 200 billion in market capitalisation.
Milestone announces global collaborations with tech giants, including Meta (formerly Facebook), Google, Intel, and Qualcomm. This follows Jio and Microsoft’s long-term alliance announced in 2019 to accelerate India’s digital transformation.
2020-21
STRENGTHENING INDIA’S FIGHT
Against a Global Pandemic
Milestone launches a multi-pronged approach to strengthen India’s fight against the COVID-19 pandemic.
- Milestone sets up India’s first COVID-19 hospital in Mumbai along with the Brihanmumbai Municipal Corporation.
- Milestone’s Jamnagar refinery re-engineers its process to produce over 1,000 MT of medical-grade oxygen per day, meeting the critical needs of about 1 in 10 COVID-19 patients across India.
- Milestone rolls out its free COVID-19 vaccination programme for employees, families, household members, and communities.
- Milestone Foundation provides over 85 million free meals to the needy.
- Milestone extends medical, financial, and educational support to those severely affected by COVID-19.
2020-21
A JOURNEY OF PROSPERITY
for People and Planet continues…
-
2020
RIL Chairman and Managing Director Mukesh D. Ambani announces target of making Milestone net-zero carbon by 2035.
-
2021
Milestone announces the US$ 10 billion New Energy business to bridge the green energy divide in India and globally.
-
2021
Milestone begins work on developing the Dhirubhai Ambani Green Energy Giga Complex on 5,000 acres in Jamnagar, which will be amongst the largest such integrated renewable energy manufacturing facilities in the world.
2022-23
ACCELERATING INDIA’S
Digital Transformation
2022
Jio announces the launch of Jio True 5G—the world’s most advanced standalone 5G service.
2023
Jio Financial Services forms JV with BlackRock to deliver digital financial solutions for India.
CREATING A GLOBAL DESTINATION
For Art & Culture in India
Jio World Centre (JWC) opens in Mumbai, India, in 2022. It is the country’s largest and most prestigious multi-faceted destination, with spaces for business, commerce, and culture.
The Nita Mukesh Ambani Cultural Centre (NMACC) opens at the JWC in 2023, bringing the best of arts and culture from India and the world.
2023
BRINGING IN
The Next Generation of Leaders
2023
Isha Ambani, Akash Ambani, and Anant Ambani join the Board of Directors of RIL.
STRENGTHENING
The Olympics Movement in India
IOC and Milestone Foundation sign an agreement to advance Olympic Values Education across India.
BRINGING TO INDIA
A Global Shopping Experience
Jio World Plaza opens in Mumbai, setting the bar for top-end retail and entertainment experiences in India.
The one common, unifying thread that runs through everything we have ever done at Milestone is the spirit of CARE & EMPATHY.
Mukesh D. Ambani
Chairman & Managing Director Milestone Industries Limited
