India’s largest company, Reliance Industries Ltd (RIL), yesterday achieved a significant milestone and joined the elite league of global corporate giants such as Saudi Aramco, Alphabet Inc., and Microsoft by entering the list of the Top 25 companies globally ranked by net worth. With a net worth of $118 billion, the refining-to-retail conglomerate secured the 21st position globally, placing RIL just behind Alibaba Group, AT&T Inc., and France-based TotalEnergies, according to Bloomberg data.

Saudi Aramco leads the global rankings with a net worth of $440 billion, followed by Google parent Alphabet Inc. at $345 billion and Microsoft at $303 billion. Energy companies dominate the list with eight entries, reflecting the capital-intensive nature of the sector. This is followed by Communication Services and Consumer Discretionary, with five and four companies, respectively. Net worth, also referred to as shareholders' equity, represents a company’s financial strength and is calculated by subtracting total liabilities from total assets.

RIL also became the first Indian company to cross the 10 lakh crore net worth mark. For FY25, the conglomerate reported a 3% rise in net profit to 81,309 crore ($9.6 billion). The net revenue rose by 7.1% to 9.6 lakh crore, while EBITDA hit a record 1.7 lakh crore, up 2% year-on-year. “The year has been challenging for the global business environment, with weak macroeconomic conditions and a shifting geopolitical landscape,” said Mukesh Ambani, Chairman of RIL. “Our focus on operational discipline, customer-centric innovation, and fulfilling India’s growth requirements has helped Reliance deliver a steady financial performance during the year,” Mr. Ambani added.

The company’s board also approved a fundraising plan of up to 25,000 crore through bonds and declared a dividend of 5.5 per share. Ahead of the earnings announcement, Reliance shares closed flat at 1,300.40 on the NSE. The stock has risen 7% year-to-date, outperforming the Nifty50 index, which has gained less than 2% over the same period.