NEW DELHI : Retail Retail – the business housing the retail interests of Reliance Industries Ltd., – added over 1,50,000 employees in fiscal year 2021-22. This is a 70% increase in headcount over the previous year.
“Retail was the main job-creating vertical, employing over 1,50,000 employees in various business functions; this is more than double the jobs created in the previous financial year,” said Gaurav Jain, Head of Strategy and Business Development at Reliance Retail.
At the store level and direct store and field operations absorb nearly 90% of the new workforce, Jain said.
The company which manages retail operations in formats such as fashion, groceries, electronics, e-commerce, jewelry, among others, also transferred more than 25,000 employees from Future Group as part of the purchase of the latter’s stores.
The addition of new employees brings the retailer’s total workforce to more than 3,61,000 employees, both on-site and on-site, the company said.
“Business growth to generate livelihood opportunities in non-metro cities, Tier 2, Tier 3 and beyond. Improve the workforce to support the expansion of the physical store network, digital and new commerce,” said Jain.
As of March 2021, Reliance’s retail sector workforce was 2,08,000.
In March 2022, Reliance Retail surpassed the number of 15,000 outlets; for the full years, revenues have touched ₹1,99,704 crore.
Meanwhile, Reliance Retail posted its best ever quarterly revenue, even outperforming the festive quarter, the company said Friday in its March quarter results. “The headwinds posed by the covid-19 situation in January were offset by robust growth in February and March as the business capitalized on festive events and the start of the summer season,” he said. Net profit for the quarter was ₹2,139 crore down 4.8% year over year.
Reliance Retail opened 793 stores, adding 3.1 million square feet of warehousing and fulfillment space during the quarter.
Its consumer electronics business recorded a strong performance in its stores thanks to the recovery of mall stores and continued growth in small towns.
“In line with rapid expansion, a high proportion of these jobs – more than two-thirds of jobs will be in non-metro, Tier 2 and Tier 3 cities and beyond where the company is also rapidly expanding its store network as digital and new commerce platforms,” Jain said.