MUMBAI: Reliance Industry Limited has crossed its revenue of $100 billion in fiscal 2022, and became the first Indian company to reach the milestone. The Tata Group, a collection of over 30 companies across 10 verticals, had a revenue of $103 billion in fiscal 2021. The group's fiscal 2022 numbers are yet to be declared.

Reliance on Friday said that its FY22 revenue rose 47% to Rs 7.9 lakh crore ($105 billion) helped by strong growth in its oil-to-chemicals (O2C) and consumer business like Jio & Retail businesses. Profit grew 26% to Rs 67,845 crore ($9 billion), retaining the top position as India's most profitable private company.

"Despite the ongoing challenges of the pandemic and heightened geopolitical uncertainties, Reliance has delivered a robust performance in FY2021-22," said CMD, Mukesh Ambani.

Though Reliance has launched new businesses over the years in retail, telecom and recently green energy, its O2C unit continues to account for the bulk of its revenue.

For the January to March quarter of fiscal 2022, Reliance's profit grew 20% to Rs 18,021 crore on the back of higher margins from its O2C and Jio units. Revenue amounted to Rs 2.1 lakh crore, up 37%.