Ambani Stocks 2026: Complete List of Mukesh Ambani’s Companies on NSE/BSE

Mukesh Ambani is India’s richest person and the chairman of Reliance Industries — India’s largest company by revenue, market capitalisation, and number of shareholders. The term ‘Ambani stocks’ typically refers to the publicly listed companies of the Reliance Group, which Mukesh Ambani leads.

For Indian retail investors, Ambani stocks represent a unique combination: some of India’s most liquid, most researched, and most widely held equity positions. Understanding which companies belong to the Ambani (Reliance) group, what each does, and how they relate to each other is essential knowledge for any Indian investor.

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The Reliance Group Structure — What Mukesh Ambani Controls

Reliance Industries Limited (RIL) is the parent company and the primary publicly listed entity that Mukesh Ambani controls. Through RIL, the group has interests in: Oil to Chemicals (O2C) — refining and petrochemicals, Retail — Reliance Retail Ventures (the largest retailer in India), Telecom — Jio Platforms (the largest telecom operator in India), Financial Services — Jio Financial Services (separately listed), and New Energy — Rs 75,000 crore green energy investment plan.

Anil Ambani’s Reliance Group (ADAG) is entirely separate from Mukesh Ambani’s Reliance Industries. Companies like Reliance Power, Reliance Capital, and Reliance Infrastructure are Anil Ambani’s group and have no business relationship with Mukesh Ambani’s RIL. This confusion is extremely common among retail investors.

All Ambani (Mukesh) Stocks — The Complete Listed Company List

Reliance Industries (NSE: RELIANCE) — The flagship company. Revenue of Rs 9+ lakh crore. Businesses: O2C, Retail, Jio, new energy. CMP around Rs 1,250. Market cap Rs 8.5 lakh crore — India’s most valuable company.

Jio Financial Services (NSE: JIOFIN) — Demerged from Reliance Industries in August 2023. Building financial services businesses in lending, insurance, payments, and asset management. CMP around Rs 240. Still in an early stage of monetisation.

Reliance Retail Ventures is a subsidiary of RIL, not separately listed. The largest retailer in India by revenue, operating 18,000+ stores. Investors get exposure through RIL shares.

Jio Platforms (the telecom business) is also not separately listed — accessed through RIL.

Is Reliance Industries a Good Stock to Buy?

Reliance Industries at CMP Rs 1,250 is trading at approximately 22-24x trailing P/E — moderate for India’s largest conglomerate. The stock has underperformed the Nifty 50 over the past 2 years, weighed down by refining margin pressure and the high capital expenditure of the new energy transition.

The long-term thesis for RIL is the retail and Jio telecom businesses driving earnings beyond the O2C segment. Both retail and Jio are growing at 15-20% annually and are reaching profitability at scale. The new energy investments (green hydrogen, solar, battery) are 5-10 year projects.

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Frequently Asked Questions

Q1. What are Ambani stocks in India?

Ambani stocks refer to companies controlled by Mukesh Ambani’s Reliance Group. The primary listed Ambani stock is Reliance Industries (RELIANCE). Jio Financial Services (JIOFIN) is the second listed Ambani stock after its demerger from RIL in 2023.

Q2. Is Reliance Industries the same as Anil Ambani’s companies?

No. Reliance Industries (RELIANCE) is controlled by Mukesh Ambani. Anil Ambani’s companies (Reliance Power, Reliance Capital, Reliance Infrastructure) are completely separate businesses with no financial or operational connection to Mukesh Ambani’s Reliance Industries.

Q3. What is Jio Financial Services?

Jio Financial Services (JIOFIN) was demerged from Reliance Industries in August 2023. It is building financial services businesses including JioFinance (lending), Jio Insurance, and JioBlackRock (asset management, in JV with BlackRock).