Reliance Industries is India's largest private sector company on all major financial parameters. In 2004 Reliance Industries (RIL) became the first Indian private sector organisation to be listed in the Fortune Global 500 list. The company operates world-class manufacturing facilities across the country at Allahabad Barabanki Dahej Hazira Hoshiarpur Jamnagar Nagothane Nagpur Naroda Patalganga Silvassa and Vadodara. Reliance Industries' activities span hydrocarbon exploration and production petroleum refining and marketing petrochemicals retail and telecommunications. The petrochemicals segment includes production and marketing operations of petrochemical products. The refining segment includes production and marketing operations of the petroleum products. The oil and gas segment includes exploration development and production of crude oil and natural gas. The other segment of the company includes textile retail business and special economic zone (SEZ) development. In the year 1966 the RIL was founded by Shri Dhirubhai H.Ambani it was started as a small textile manufacturer unit. In May 8 1973 RIL was incorporated and conformed their name as RIL in the year 1985. Over the years the company has transformed their business from manufacturing of textiles products into a petrochemical major. The company has set up a texturising / twisting facilities in 1979 RIL has also set up plants for Polyester Staple Fiber (PSF) in 1986 and for Linear Alkyl Benzene (LAB) & Purified Terephthalic Acid (PTA) in 1988. RIL has setup a petrochemical facility to produce HDPE and PVC at Hazira Gujarat in technical collaboration with DuPont and BF Goodich respectively. The Hazira petrochemical plant was commissioned in 1991-92.In the year 1995-96 the company entered the telecom industry through a joint venture with NYNEX USA and promoted Reliance Telecom Private Limited in India. Reliance became the first corporate in Asia to issue bonds in the U.S at the year of 1996-97. The company commissioned an 80000 tonne bottle grade PET chip plant at Hazira manufacturing complex. Reliance's PET chips has been accepted internationally due to their high quality during the year 1997-98 and in the same year Reliance Industries Planned to invest around Rs. 5000 crores (USD 1250 million) in building two world-scale plants at the site of the Jamnagar refinery in Gujarat. In 1998-99 RIL introduced packaged LPG in 15 kg cylinders under the brand name Reliance Gas. In 1999-2000 RIL commissioned the world's largest 1.4 million tonnes per annum Paraxylene (PX) plant at its new integrated petrochemicals complex at Jamnagar which was planned at 1997-98. With the commissioning of the last crystallization train of the Para-xylene (PX) complex at Jamnagar in June 2017 RIL became the 2nd largest producer of PX globally. In 2000 Reliance commissioned the world's largest grassroots refinery in Jamnagar in a record 36 months. The Jamnagar refinery processes a wide variety of crude oils and produces a range of petroleum products for exports as well as supply in the Indian market. Reliance Petroleum Limited (RPL) was amalgamated with Reliance Industries Ltd in the year 2002-03.In 2004-05 RIL acquired the polyester major Trevira GmbH headquartered in Frankfurt Germany which has the capacity of 130000 tonnes per annum of polyester staple fibers polyester filament yarns and polyester chips. In the year 2006 the company set up a new export-oriented refinery through its subsidiary Reliance Petroleum Limited (RPL). In 2006 RIL entered the organised retail segment through Reliance Retail with its first Reliance Fresh store in Hyderabad. In 2017 Reliance Retail crossed $5 billion revenue mark. Reliance Retail has adopted a multi-prong strategy and operates neighbourhood stores supermarkets hypermarkets wholesale cash & carry stores specialty stores and online stores and has democratized access to all types of products and services across all segments for all Indian consumers. Reliance Retail operates over 3300 stores pan India with nearly 13 million square feet of retail space.In the year 2007 Indian Petrochemicals Corporation Limited (IPCL) merged with the company. Also Reliance Retail entered the organised retail market in India with the launch of its convenience store format under the brand name of `Reliance Fresh'. During the year the company commissioned their largest expansion project. The company expanded its polypropylene (PP) capacity by 280 KTA at Jamnagar that increased the combined capacity to 1710 KTA. During the year 2007-08 the company signed an agreement to certain polyester (capacity) assets of Hualon Malaysia. It took over the majority control of Gulf Africa Petroleum Corporation (GAPCO) and started shipping products to the East African markets. Also the company signed MoU with GAIL (India) Ltd to explore opportunities of setting up petrochemical plants in feedstock rich countries outside India. In April 2008 the company signed gas sales and purchase agreement (GSPA) with the customers in power sector for supply of natural gas to be produced from the KG-D6 block.During the year Reliance Commercial Associates Ltd Reliance Neutraceuticals Pvt Ltd Reliance Pharmaceuticals (India) Pvt Ltd Reliance Petroinvestments Ltd Gull Africa Petroleum Corporation (Mauritius) Gapco Tanzania Ltd Gapoil Tanzania Ltd Gapco Kenya Ltd Gapco Uganda Ltd Gapco Rwanda SARL Gapoil Zanzibar Ltd Transenergy Kenya Ltd Recron (Malaysia) SDH BHD Peninsula Land Kenya Ltd Reliance International Exploration and Production INC Wavely Investments Ltd Reliance Digital Retail Ltd Reliance Lifestyle Holdings Ltd Reliance Universal Ventures Ltd Reliance Home Store Ltd Reliance Autozone Ltd Reliance Trade Services Centre Ltd Reliance Integrated Agri Solutions Ltd Reliance Agri Products Distribution Ltd Reliance Food Processing Solutions Ltd Reliance Supply Chain Solutions Ltd Reliance Digital Media Ltd Strategic Manpower Solutions Ltd Reliance Gems and Jewels Ltd Reliance Leisures Ltd Reliance Loyalty & Analytics Ltd Reliance Retail Securities and Broking Company Ltd Delight Proteins Ltd Reliance F&B Services Ltd Reliance Hypermart Ltd Reliance Financial Distribution and Advisory Services Ltd Reliance Retail Travel & Forex Services Ltd Reliance Trends Ltd Reliance Wellness Ltd Reliance Brands Ltd Reliance Footprint Ltd Abcus Retail Pvt Ltd Bigdeal Retail Pvt Ltd Advantage Retail Pvt Ltd and RIL (Australia) PTY Ltd became subsidiaries of the company.During the year 2008-09 Reliance People Serve Ltd Reliance Infrastructure Management Services Ltd Reliance Global Business BV Reliance Gas Corporation Ltd Reliance Globalenergy Services Ltd Reliance One Enterprises Ltd Reliance Personal Electronics Ltd Reliance Global Energy Services (Singapore) Pte Ltd Reliance Polymers (India) Pvt Ltd Reliance Polyolefins Pvt Ltd Reliance Aromatics and Petrochemicals Pvt Ltd Reliance Energy and Project Development Pvt Ltd Reliance Chemicals Pvt Ltd Reliance Universal Enterprises Pvt Ltd International Oil Trading Ltd Reliance Nutritional Food Processors Pvt Ltd Reliance Review Cinema Pvt Ltd Reliance Replay Gaming Pvt Ltd RIL USA Inc. Reliance Commercial Land Infrastructure Pvt Ltd Reliance Corporate IT Park Ltd Reliance Eminent Trading & Commercial Pvt Ltd Reliance Progressive Traders Pvt Ltd Reliance Prolific Traders Pvt Ltd Reliance Universal Traders Pvt Ltd Reliance Prolific Commercial Pvt Ltd Reliance Comtrade Pvt Ltd Reliance Ambit Trade Pvt Ltd Reliance Petro Marketing Pvt Ltd LPG Infrastructure (India) Pvt Ltd and Reliance Infosolution Pvt Ltd beaome subsidiaries of the company. Also Abcus Retail Pvt Ltd ceased to be a subsidiary of the company.During the year Reliance Petroleum Ltd (RPL) merged with the company with effect from April 1 2008. From April 2 2009 the company commenced production of hydrocarbons in its KGD6 block in the Krishna Godavari basin with the production of sweet crude of 420 API. In November 2009 the company discovered first oil exploration in the on land exploratory block CB-ONN-2003/1 (CB 10 A&B) awarded under the NELP-V round of exploration bidding. In December 2009 the company discovered gas in the exploration block KG-DWN-2003/1 (KG-V-D3) of NELP-V. The deepwater block KG-DWN-2003/1 is located in the Krishna basin about 45 kilometers off the coast in the Bay of Bengal. In April 2010 the company commissioned a 1 MW solar Photo Voltaic power plant at Thyagaraj stadium in New Delhi. The power plant is expected to generate around 1.4 million units of electricity a year. It would cater to the power requirements of the stadium and the surplus would be fed to the grid at 11 KV. In addition the company's subsidiary Reliance Marcellus LLC executed definitive agreements to enter into a joint venture with United States based Atlas Energy Inc of Pittsburgh Pennsylvania under which Reliance will acquire a 40% interest in Atlas' core Marcellus Shale acreage position.In June 2010 the company entered into an agreement to acquire asubstantial stake in Infotel Broadband Services (P) Ltd which emerged as asuccessful bidder in all the 22 circles of the auction for Broadband Wireless Access (BWA) Spectrum conducted by the DOT. The company sees the broadband opportunity as a new frontier of knowledge economy in which it can take a leadership position and provide India with an opportunity to bein forefront among the countries providing world-class 4G network and services.In August 2010 the company through their subsidiary Reliance Industries Investment and Holding Pvt Ltd acquired the equity shares of EIH Ltd representing 14.12% from Oberoi Hotels Pvt Ltd and certain other promoters at a total cost of Rs 1021 crore.In December 2010 the company entered into a joint venture agreement with Russian petrochemical company SIBUR for the production of butyl rubber in India. The joint venture facility will have an initial capacity of 100000 tonnes of butyl rubber at the company's integrated refining cum petrochemical site in Jamnagar and is expected to be commissioned by 2013.In January 2011 the company's wholly owned subsidiary Reliance Ventures Ltd entered into an agreement with Infrastructure Leasing and Financial Services Ltd whereby IL&FS will become a strategic partner and co-promoter of a project which intends to develop a model economic township and other infrastructure facilities at Jhajjar in Haryana. In February 2011 the company entered into a strategic partnership with BP which comprises BP taking a 30% stake in 23 oil and gas production sharing contracts that the company operates in India for a consideration of USD 7.20 billion and the formation of a 50:50 joing venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving transporting and marketing of natural gas in India. On 15 June 2017 RIL and BP announced that they are moving forward to develop the `R-Series' deep water gas fields in Block KGD6 off the east coast of India as first of three that are expected to be developed in an integrated manner producing from about 3 trillion cubic feet of discovered gas resources. In March 2011 the company and D E Shaw Group agreed to establish a joint venture to build a leading financial services business in India. This joint venture will incorporate the D E Shaw Group's investment and technology expertise with the company's operational knowledge and extensive presence across India to offer a comprehensive array of financial services to the Indian marketplace.In June 10 2011 the company and their associate Reliance Industrial Infrastructure Ltd entered into an agreement with Bharti Enterprises for acquiring Bharti's shareholding of 74% in Bharti Axa Life Insurance Co Ltd and Bharti Axa General Insurance Co Ltd. On completion of the proposed transaction the company and Reliance Industrial Infrastructure Ltd would effectively own 57% and 17% respectively in both insurance companies and would become Axa's joint ventures partners in India.In September 2011 Reliance Security Solutions Ltd a subsidiary of the company Siemens Ltd signed an MoU to jointly develop Homeland Security Solutions for Highways in India. In November 2011 the company and BP incorporated India Gas Solutions Pvt Ltd a 50:50 joint venture company which will focus on global sourcing and marketing of natural gas in India. The joint venture company will also develop infrastructure to accelerate transportation and marketing of natural gas within the country. India Gas Solutions Pvt Ltd will be funded with equal equity from BP and RIL.In November 2011 AXA SA Bharti Reliance Industries Limited (RIL) and its associate Reliance Industrial Infrastructure Limited (RIIL) announced that they have mutually agreed to terminate their negotiations on the proposed acquisition by RIL and RIIL of Bharti's shareholding of 74% in Bharti AXA Life Insurance Co. Ltd and Bharti AXA General Insurance Co. Ltd.In February 2012 the company and SIBUR have agreed to form a joint venture named Reliance Sibur Elastomers Pvt Ltd to produce 100000 tons of butyl rubber per year in Jamnagar India. The joint venture will be the first manufacturer of butyl rubber in India and the fourth largest supplier of butyl rubber in the world.On 29 May 2014 RIL announced its entry into the digital space by way of acquisition of control in Network 18 Media & Investments Limited (NW18) including its subsidiary TV18 Broadcast. On 9 December 2014 RIL announced the formation of a joint venture with Shandong Ruyi Science and Technology Group Co. Ltd China (`Ruyi') (through its wholly owned subsidiary) for RIL's textiles business which operates under the Vimal brand.RIL's wholly owned subsidiary Reliance Jio Infocomm announced the commencement of telecom services with `Jio Welcome Offer' in September 2016. In a short period of 170 days Jio crossed a milestone of 100 million customers on its all IP wireless broadband network.On 17 November 2016 RIL and GE announced the signing of a global partnership agreement in the Industrial IOT (IIOT) space to provide Industrial IOT solutions to customers in oil & gas fertilizer power healthcare telecom and other industries. In September 2017 RIL won the bid to acquire the assets of Kemrock Industries & Exports Limited of Vadodara (Gujarat) as a part of its efforts to enter the composites business. RIL participated in an on-line e-bidding process held by Allahabad Bank being leader of the consortium of 11 banks to sell/dispose off the assets of Kemrock Industries & Exports Limited.