Reliance is India's largest private-sector company, with a gross revenue of £103bn in 2025. Its operations span O2C, digital services, retail, media, and renewables.
- Following FID on a new energy Giga Plant, Reliance New Energy required an overhaul of its existing statement models and DCF analyses to cut expenditure toward a group target of ≥25% energy-cost reduction, without negative effect on operations or consumer satisfaction.
- Eliminated 5 of 26 potential methods to complete the task by evaluating build-phase applicability, domain fit versus retained tools, and structural necessity under captive demand. Discarded methods relating to working-capital, portfolio-optimisation, and concession-revenue as inapplicable or redundant to a greenfield integrated build.
- Assessed the best method to deliver the 21 screened models, and settled on embedding them into three-statement and DCF models in Excel and Anaplan. Structured the deliverable around five categories: capital allocation, cost of capital, scale economics, cost-structure efficiency, and input-cost hedging.
- Equipped the finance team to rank new energy capital projects by NPV against WACC. Isolated controllable cost reductions from those that would diminish operations or product quality.
Jio is a subsidiary of Reliance Industries Limited, and serves as the digital services and telecom arm. JioCloud is a personal cloud-storage platform, letting subscribers store, back up, and access media and files across their devices.
- Ahead of JioCloud’s Diwali promotion, we were tasked with sizing the minimum free-storage allowance and smallest tier discount that would minimise churn, with specific instructions to ignore cost. Prior sale events could not be used as a comparative to estimate the non-linear, competitor-dependent relationship between offer size and churn.
- Identified 23 potential methods, before grouping them to eliminate those unsuitable for our churn-only, non-linear use-case. Eliminated 8 methods that related to linear-correlation, revenue-keyed demand, and portfolio-optimisation as inapplicable to our one-off, competitor-dependent estimation problem.
- Deliberated on the most efficient presentation method. Settled on embedding the 15 retained models into a single Excel workbook for decision-makers, structured around four categories: demand and competitor modelling, response estimation, uncertainty modelling, and optimisation.
- Equipped decision-makers to set the Diwali offer with quantified information on how each lever moved churn, where rival matching capped those effects, the confidence band around estimates, and the minimum offer that moved churn.