Reliance Industries Limited (RIL) is a holding company of Indian conglomerates based in Mumbai, Maharashtra, India. Reliance owns businesses across India dedicated to energy, petrochemicals, textiles, natural resources, retail and telecommunications. Reliance is the most profitable company in India, India's largest publicly traded company by market capitalization, and India's second largest company, measured by revenues after the government-controlled Indian Oil Corporation. The company is ranked 215th in the Fortune Global 500 list of the world's largest companies as of 2016. It ranks 8th among Platts' global 250 energy companies as of 2016. Reliance remains the India's largest exporter, total merchandise exports with a value of Rs 147,755 crore and market access in 108 countries.Reliance is responsible for almost 5% of India's total revenue from customs and excise duties and is also the highest private sector tax payer in India.