The Reliance Anil Dhirubhai Ambani Group (ADAG) is not owned by a single private entity today in its historical form, as the group's constituent companies underwent extensive corporate restructuring, debt resolution procedures, and insolvency proceedings over the past decade. Historically founded and led by industrialist Anil Ambani, the group's flagship operating companies—such as Reliance Power, Reliance Infrastructure, and various financial arms—are now publicly traded corporations whose shares are owned by a broad collective of public retail investors, domestic mutual funds, institutional shareholders, and financial creditors following debt-to-equity swaps and corporate reorganizations. Consequently, direct familial control has been substantially diluted, and ownership is widely distributed across public stock exchanges in India.