RIL becomes first Indian firm to cross $10 billion profit mark

Reliance Industries (RIL) has become the first Indian company to cross $10 billion in annual net profit. The oil-to retail giant reported Rs 95,610 crore in net profit (before accounting for non-controlling interests), translating into a $10.1 billion bottom line at a year-end exchange rate of 94.4 to the dollar. To put that in perspective, Reliance’s net profit is more than the combined net profits of IT majors TCS, Infosys, and HCL Tech.