Our Bureau
New York, NY
Mukesh Ambani-led Reliance Industries Limited (RIL), along with the Tata Group and Adar Poonawalla-led Serum Institute of India (SII), have been recognized and placed in the list of the world’s most influential companies by TIME magazine for 2024. For Reliance, this is its second appearance in the TIME 100 list recognized worldwide for selecting the best companies in the world.
TIME’s annual list, which categorizes the top 100 companies into different categories of Leaders, Disruptors, Innovators, Titans, and Pioneers, has included three Indian companies. Reliance and Tata Group found a place under the Titans category, while the Serum Institute of India has been selected under the Pioneers category.
TIME magazine emphasized Reliance Industries’ hugely successful transformation from a textile and polyester company founded 58 years ago by Dhirubhai Ambani as India’s most valuable company, with more than $200 billion as market capitalization.
TIME magazine described Reliance Industries as “India’s Juggernaut,” and highlighted that a prominent Reliance-Disney deal, worth $8.5 billion, will strengthen Reliance’s position in India’s rapidly growing streaming and OTT market.
While placing the Tata Group in this prestigious list, TIME elaborated, “Tata Group is one of India’s oldest companies. Its vast portfolio spans from steel, software, watches, submarine cables, and chemicals to salt, cereals, air conditioners, fashion, and hotels. By investing in tech manufacturing, AI, and semiconductor chips, the group is transforming into a tech company. In 2023, it became the first Indian company to assemble iPhones.”
TIME acknowledged the Serum Institute of India as the world’s largest manufacturer of vaccines, producing 3.5 billion doses per annum, which played a crucial role in saving millions of lives during the COVID-19 pandemic.
TIME’s fourth annual list of the 100 Most Influential Companies celebrates businesses making an extraordinary impact globally. The selection process involved nominations from various sectors, input from TIME’s global network of contributors, correspondents, and outside experts, and evaluations based on impact, innovation, ambition, and success.
