Reliance Industries Limited (RIL) has officially announced the completion of the voluntary winding up process of its step-down wholly owned subsidiary, Reliance TerraTech Holdings LLC. The company filed a Certificate of Termination with the Secretary of State of Texas on August 19, 2025, which marks the effective date of termination and winding up as per the Texas Business Organizations Code. As a result, Reliance TerraTech Holdings LLC has ceased to be a subsidiary of Reliance Industries Ltd from this date onwards.
Key Highlights:
-
Reliance TerraTech Holdings LLC underwent voluntary winding up and officially terminated on August 19, 2025.
-
The winding up process was formalized through filing a Certificate of Termination with the Texas Secretary of State.
-
The company ceased to be a subsidiary of Reliance Industries Limited, effective August 19, 2025.
-
The subsidiary had a turnover of Rs. 0.32 crore in calendar year 2024.
-
Its net worth as of December 31, 2024, stood at Rs. 0.09 crore.
-
Contribution to Reliance Industries' consolidated turnover and net worth for financial year 2024-25 was minimal, at 0.00003% and 0.00001%, respectively.
Background and Details of the Subsidiary:
Reliance TerraTech Holdings LLC, earlier known as Reliance Eagleford Upstream GP LLC, was incorporated as a Texas Limited Liability Company on June 17, 2010. The company changed its name to Reliance TerraTech Holdings LLC effective September 23, 2022. Headquartered in Frisco, Texas, the company primarily engaged in providing manpower support services to other group companies under Reliance Industries Limited.
As of the financial year ending December 31, 2024, Reliance TerraTech Holdings LLC reported modest financial metrics. It had a turnover of Rs. 0.32 crore and a net worth of Rs. 0.09 crore, representing a very small fraction of Reliance Industries’ overall consolidated financials. The company’s role within the group was relatively minor, and the winding up represents a strategic consolidation step by RIL.
The dissolution followed prior internal restructuring moves, including the merger of certain related entities and liquidation events within the Reliance group, aimed at optimizing and streamlining their corporate structure and operations.
Implications for Reliance Industries Limited:
The winding up of Reliance TerraTech Holdings LLC is unlikely to materially impact Reliance Industries’ consolidated financials due to the subsidiary’s minimal contribution to turnover and net worth. However, this step indicates a continuing focus on rationalizing the company’s portfolio and sharpening its operational focus.
The termination aligns with Reliance’s broader strategy to simplify its subsidiary network and concentrate on core business areas with higher scale and impact. It also reflects adherence to regulatory compliance as per Texas state laws governing business organizations and dissolutions.
Conclusion:
Reliance Industries Limited has successfully completed the voluntary winding up and official termination of Reliance TerraTech Holdings LLC as of August 19, 2025. Despite the subsidiary’s limited financial footprint, this move signifies RIL’s ongoing refinement of its corporate structure to enhance operational efficiencies and strategic alignment. Shareholders and stakeholders can view this development as a part of Reliance’s continuous efforts to optimize its global business operations.
Source: Company Disclosure to the Stock Exchanges
