New hiring at RIL starts tapering, standalone employee count declines

According to data RIL collates on its website, the company's number of employees in FY20 at a standalone level declined 9 per cent year-on-year

Reliance Industries (RIL) crossed the $200-billion mark in Thursday’s trade. Though the growth in its market capitalisation (m-cap) came with an impressive rise in direct employment in an earlier phase, this might now taper off. 

The firm’s m-cap stood at Rs 15.4 trillion as of Thursday’s close, which was 94 per cent higher than the Rs 7.96 trillion m-cap reported on September 10, 2018. However, at the stand-alone level, the number of RIL employees has, in fact, been declining for the past two years.    

According to data RIL puts out on its website, the number of employees in FY20 at a