Reliance Industries Ltd.

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) has piped Bharti Airtel to become the second largest operator in terms of mobile subscriber base. As of May end, Jio had 322.98 million users as against Airtel’s 320.38 million users.

The move assumes significance as Reliance Jio stormed into the highly-competitive telecom sector in September 2016 with its disruptive voice and data offerings, while Bharti Airtel had launched its services way back in 1995.

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.