SBI has displaced Mukesh Ambani’s Rs 17 trillion Reliance Industries as India’s most profitable company

The most valuable firm in India is Reliance Industries, which is led by Mukesh Ambani. Reliance Industries, with a market worth of more than Rs 17 trillion, has aided Mukesh Ambani in becoming the richest person in both the nation and the continent. The worldwide corporation owned by Ambani operates in a number of industries, including energy, petrochemicals, natural gas, retail, and more. Reliance Industries, owned by Mukesh Ambani, is not only the most valuable firm in India but also, for almost a decade, the most lucrative. According to a recent Business Standard study, State Bank of India (SBI) has displaced Reliance Industries as the most profitable corporation in India. The article claims that SBI triumphed over Reliance Industries in the April–June quarter of 2023–24 (FY24).