Reliance Retail is also working towards expanding its share in the quick commerce segment, focusing on setting up more dark stores in the top seven cities
As the company sharpens its focus on profitable network expansion, Reliance Retail is looking to bring its initial public offering (IPO) by 2028, as per media reports. The company is on an expansion spree, adding around 2,000 new stores annually on a net basis.
The reports added that the company has started repaying debt as part of balance sheet restructuring in the lead-up to the IPO. The company’s non-current borrowings fell from Rs 53,546 crore in the financial year 2024 to Rs 20,464 crore in FY25, the reports noted.
Reliance Retail is also working towards expanding its share in the quick commerce segment, focusing on setting up more dark stores in the top seven cities. In an earlier development, Reliance Retail (RRL) completed the internal restructuring process. With this, its consumer business has been moved on a going-concern basis to a new entity named New Reliance Consumer Products or New RCPL.
The composite scheme of arrangement involving the group’s companies has become effective from 1 December 2025, RIL informed the exchanges. As per the arrangement among RRL and Reliance Retail Ventures or RRVL and their shareholders and creditors and RCPL, it has transferred the FMCG brands business from Reliance Retail to New RCPL.
Marking a significant senior-level appointment, Reliance Industries has named Jeyandran Venugopal as the president and chief executive officer (CEO) of Reliance Retail Ventures or RRVL, the holding company for the retail business of the group, as per reports.
The reports added that Venugopal will be working closely with Isha Ambani and the leadership team of Reliance Retail under the overall guidance of Mukesh Ambani and Manoj Modi. He will be helping the company accelerate omnichannel growth, drive excellence and enhance the retail portfolio.
