Reliance Industries Ltd.

Reliance Industries (RIL) has toppled state-owned Indian Oil Corporation (IOC) to become India’s biggest company by revenue. RIL has reported a turnover of Rs 6.23 lakh crore in the 2018-19 fiscal year that ended March 31. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal.

RIL was also the most profitable company in the country with a net profit of more than double that of IOC in FY2019.  

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.