Reliance acquires American-origin company Kelvinator
Reliance announced on Friday that it has acquired Kelvinator, the refrigerator and appliances brand, in its latest acquisition move.An official statement from Reliance read, “This acquisition is a testament to Reliance Retail’s unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers nationwide.”Reliance Executive Director Isha Ambani stated, “Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready.”“The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network.”The statement did not disclose the acquisition price for Kelvinator.Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Limited (RRVL), is the only Indian retailer listed among the global Top 100 and is one of the fastest-growing retailers worldwide, according to Deloitte’s Global Powers of Retailing 2023 report. RRVL reported a consolidated turnover of ₹3,30,870 crore and an EBITDA of ₹25,053 crore for the year ended March 31, 2025.
Reliance announced on Friday that it has acquired Kelvinator, the refrigerator and appliances brand, in its latest acquisition move.
An official statement from Reliance read, “This acquisition is a testament to Reliance Retail’s unwavering commitment to shaping the future of the consumer durable sector in India by delivering unparalleled value and choice to consumers nationwide.”
Reliance Executive Director Isha Ambani stated, “Our mission has always been to serve the diverse needs of every Indian by making technology accessible, meaningful, and future-ready.”
“The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network.”
The statement did not disclose the acquisition price for Kelvinator.
Reliance Retail Limited, a subsidiary of Reliance Retail Ventures Limited (RRVL), is the only Indian retailer listed among the global Top 100 and is one of the fastest-growing retailers worldwide, according to Deloitte’s Global Powers of Retailing 2023 report. RRVL reported a consolidated turnover of ₹3,30,870 crore and an EBITDA of ₹25,053 crore for the year ended March 31, 2025.
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