Reliance TimeOut wins ‘THE RETAILER OF THE YEAR’ in the Leisure Category in the Asia Retail Congress 2010

Mumbai, 17th February 2010: Reliance TimeOut, the books, magazine and music specialty format of Reliance Retail has won the Asia Retail Congress 2010 Award for being ‘The Retailer of the year’ in the leisure category. Within just two years of its existence, Reliance TimeOut has achieved this milestone.

Reliance TimeOut which is present in Bangalore, Gurgaon, Kochi, Ahmedabad and Mumbai has always focused on innovations and customer centric offerings which has set it apart from the rest becoming the preferred destination for modern professionals, fast-track youth and new-age parents. The store offers an unparalleled range of products, services and experiences, catering to their need to explore, imagine, unwind, create, share and play. The ability in fulfilling the customer’s needs is reflected in the store design, merchandise and the same is carried further through the events and activities that are offered at the store for the customers to experience.

On this occasion, Mr. Deepinder Kapany, Business Head, Reliance TimeOut said, “We are extremely proud to win the Asia Retail Congress 2010 Award for being ‘The Retailer of the year’ in the leisure category. This award has added one more feather to our cap and set an inspiration to our entire team behind it. We hope to take the unique Reliance TimeOut experience further and win many more awards in the future.”

About Reliance TimeOut:

Reliance TimeOut extends to its customers a host of books, music and stationery. It offers a huge range of choice with 25,000 Books of every genre including Indian Languages and Academic books, over 15,000 movie and music titles, 4,000 Stationery Items, and a wide variety Gifts and Toys. The stores periodically offer book enthusiasts with the opportunity of interacting with their favorite authors through book reading sessions designed specially for them. Reliance TimeOut also organizes a lot of performances from up-coming bands and hosts tons of activities for children. These products combined together with services such as the Kid's Play Area, Sound Domes, Reading Bar offered in a truly world class environment and with friendly, knowledgeable and energetic staff surely makes Reliance TimeOut a place to be.

Reliance TimeOut's initiative called 'Book Club' launched on 2nd August 2008 is fast transforming Reliance TimeOut into a literary hub, with varied activities conducted at least twice a month at the store. The Reliance TimeOut Book Club provides its customers a platform to engage in discussions with their favorite authors and also get entertained through various book reading and enactment sessions. For people interested in books, plays, theatre, poetry and writing, membership of the Reliance TimeOut Book Club is an absolute must. A member gets invitations for all the events at Reliance TimeOut and will also enjoy a whopping 10% off on all books purchased at the store. Unisun Publications which has been organising the Unisun Creative Writing Competitions over the years, now organises the ‘Annual Writing Contest’ for budding writers in association with Reliance TimeOut every year, which gives budding authors the opportunity to win exciting cash prizes as well as a chance to get published

About Reliance Retail Limited:

Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited opened its first retail store in November 2006 and today operates more than 1,000 stores in over 86 cities, spanning 14 states with over 4.2 million sq ft of trading space. RRL is a multi-format retailer that operates Reliance Fresh – a neighborhood store concept, Reliance Digital – a consumer durables and information technology concept, Reliance Mart - a hyper market concept, Reliance Trends - an apparel specialty concept, Reliance Wellness – a health, wellness & beauty concept , iStore by Reliance Digital- an Apple specialty store concept, Reliance Footprint -a footwear concept, Reliance Jewels – a jewellery concept, Reliance Time-Out- a books, music & entertainment concept, Reliance Super- a Minimart concept, Reliance Living Homeware – a household utilities specialty store concept, Reliance Living Furnishings-a specialty store concept for home furnishings, Reliance Living Furniture-a home office furniture specialty concept, Reliance Home Kitchen- a kitchen’s solution specialty store concept, Reliance AutoZone – an automotive specialty concept and Vision Express-an optical specialty store concept.

Reliance Industries Limited:

Reliance Industries Limited (RIL) is India’s largest private sector company on all major financial parameters with a turnover of Rs. 1,46,328 crore (US$ 28.85 billion), cash profit of Rs 22,365 crore (US$ 4.41 billion), net profit (excluding exceptional income) of Rs. 15,637 crore (US$ 3.02 billion) and net worth of Rs 126,373 crore (US$ 24.92 billion) as of March 31, 2009.

RIL is the first private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks 117th amongst the world's Top 200 companies in terms of profits. RIL ranks 75th in the Financial Times FT Global 500 list of the world's largest companies. RIL is rated as the 15th ‘Most Innovative Company' in the World in a survey conducted by the US financial publication-Business Week in collaboration with the Boston Consulting Group.