RIL becomes India's first $150 billion company, Mukesh Ambani's net worth surges to $60 bn

The market valuation of Reliance Industries Ltd crossed Rs 11 lakh crore on Friday as shares rallied over 6 per cent after chairman Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free. Reliance Industries is also the first Indian company to cross the Rs 11 lakh crore market valuation mark. Mukesh Ambani, the chairman and managing director of India's most-valued company Reliance Industries (RIL), today became the 11th richest person in the world as his real-time net worth crossed the $60 billion mark for the first time.