Will Ambani's condition also become like Adani's? Debt burden can increase so much

When Hindenburg Research's report came against Gautam Adani's group, the biggest question raised was regarding the debt of Rs 2 lakh crore on his group. Now a similar situation seems to be happening in Mukesh Ambani's Reliance Group also. Read this news...

Mukesh Ambani's Reliance Group is growing very fast at the moment. Reliance Jio has become the country's number-1 company in the telecom sector long ago. Apart from this, recently Reliance Group has expanded its retail business significantly and now the company is number-1 in this sector also. But because of all this, the debt burden on Reliance Group is increasing, so is their condition also going to be like that of Adani Group?

When Hindenburg Research's report came against Adani Group, questions were raised about the group's huge debt of Rs 2 lakh crore. Earlier, in the TV interviews given by Group Chairman Gautam Adani, questions were raised regarding the huge debt of his company. In such a situation, is Reliance Industries also going on the path of Adani Group due to business expansion?

Reliance Retail's loan increased by 73%

Reliance Retail, the retail business company of Reliance Group, has taken a loan of Rs 32,303 crore from banks in the financial year 2022-23. The responsibility of this company is on Mukesh Ambani's daughter Isha Ambani. While Reliance Retail itself has a non-current, long-term loan of Rs 19,243 crore, according to the financial report for the financial year 2022-23, Reliance Retail has a bank loan of Rs 1.74 crore.

The company has also taken a long term loan of Rs 13,304 crore from Reliance Retail Ventures Limited. In this way, the loan of the company has increased by 73 percent compared to last year to Rs 70,943 crore.

The biggest thing is that a large share in this is the current loan of the company. He has to repay a good part of it in the next 12 months. The current loan of the company was Rs 28,735 crore in 2022, whereas in 2023 it will become Rs 26,368 crore.

Reliance opened 3300 stores in a year

In the last financial year, Reliance Retail expanded its network very rapidly. The company opened 3300 new outlets or stores. Industry experts say that the company has expanded its entire business from debt itself. Most of the money that Reliance Retail Ventures Limited Group is investing in Reliance Retail is coming from loans. Now the number of Reliance outlets has reached 18,040.