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16. The Reliance Group

Though the group is now divided between two brothers, the industrial house is considered a rags-to-riches story, and represents the rise of a new entrepreneurial class in the country. It has paraffin and synthetic yarn as its traditional interests; today it has diversified in more than a dozen traditional and new industrial areas such as power, petroleum, textile, garments, hospitality, telecommunication, pharmaceuticals, software, banking, insurance, etc.