Reliance Industries goes all in

Reliance Industries is India’s largest private-sector company, run by India’s richest man, Mukesh Ambani. It is so big that it requires not one, but two CFOs. These three men are about to make the biggest bets India Inc has ever seen.

Reliance Industries is primarily an energy company, operating the world’s biggest refinery complex and producing the greatest supply of polyester and yarn in the world. Not content with being an energy and petrochemical giant, however, it also has ambitions in the telco and retail space.

The empire is overseen by Ambani, but he relies heavily on his CFO lieutenants Alok Agarwal,...