HOME

TheInfoList



OR:

Global Cloud exchange (GCX) provides network services for enterprises, new media providers and telecoms carriers.


Overview

GCX has principal offices in London, Hong Kong, and
Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
, and additional offices in
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
,
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
,
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
,
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
,
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
,
Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...
,
Japan Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
, the
Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
,
Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
,
South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
,
Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...
,
Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...
, the
United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...
, the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
, and the
United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.


History

GCX Limited is a subsidiary of RCOM, which is listed in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
on the
BSE Limited BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange i ...
and the
National Stock Exchange of India Limited National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Maha ...
and is one of India's largest telecommunications service companies providing
wireless Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer. The most ...
, wire line,
long-distance Long distance or Long-distance may refer to: *Long-distance calling * Long-distance operator * Long-distance relationship * Long-distance train *Long-distance anchor pylon, see dead-end tower Footpaths * Long-distance trail *European long-d ...
,
voice The human voice consists of sound made by a human being using the vocal tract, including talking, singing, laughing, crying, screaming, shouting, humming or yelling. The human voice frequency is specifically a part of human sound production in ...
, data, video and Internet communications services. RCOM is part of the Reliance Group, one of India's largest business groups which has a significant presence in the telecommunications,
financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...
, and entertainment,
energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...
and infrastructure sectors. Global Cloud Xchange was formed as part of the rebranding of certain businesses of RGBV, which includes FLAG Telecom Group Limited ("FLAG"), Reliance Vanco Group Limited ("Vanco") and Yipes Holdings, Inc. ("Yipes"). In 2003, the Reliance Group was acquired and, in 2008, renamed
FLAG A flag is a piece of fabric (most often rectangular or quadrilateral) with a distinctive design and colours. It is used as a symbol, a signalling device, or for decoration. The term ''flag'' is also used to refer to the graphic design empl ...
as Reliance Globalcom Limited ("RGL"). RGL owns and operates various undersea and terrestrial fiber assets around the world, including the FEA cable system linking
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
to
Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
via the
Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...
and
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. Before being acquired by Reliance Group, FLAG was listed on the
NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
National Market and
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
. FLAG was first established in 1993 by a group of telecommunications companies led by Bell Atlantic. In 2007, RGL acquired Yipes through one of RGL's wholly owned subsidiaries. Yipes is a US-based
Ethernet Ethernet () is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in 198 ...
Service provider which provides
Ethernet Ethernet () is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in 198 ...
and application delivery services for global enterprises. Established in 1999, Yipes has pioneered the
Ethernet Ethernet () is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in 198 ...
technology in metropolitan area
networks Network, networking and networked may refer to: Science and technology * Network theory, the study of graphs as a representation of relations between discrete objects * Network science, an academic field that studies complex networks Mathematics ...
. In 2008, RGL acquired Vanco through one of its wholly owned subsidiaries. Vanco is a global
Wide Area Network A wide area network (WAN) is a telecommunications network that extends over a large geographic area. Wide area networks are often established with leased telecommunication circuits. Businesses, as well as schools and government entities, us ...
Operator. Vanco provides enterprise clients, directly or through partners, with optimized fully managed network solutions. Vanco was established in 1988 and its original parent company, Vanco plc, was listed on the
London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
before it was acquired by RGL. In 2011, Reliance Globalcom set up world's first global Mediterranean gateway and hub in Europe set up with Hawk cable system. In April 2013, Reliance Globalcom integrated Hawk cable system with Reliance Global Network. Later in December, it upgraded
Trans-Atlantic cable Transatlantic telegraph cables were Submarine communications cable, undersea cables running under the Atlantic Ocean for telegraph communications. Telegraphy is now an obsolete form of communication, and the cables have long since been decommis ...
with 100G technology. In March 2014, RGL rebranded as Global Cloud Xchange (GCX) under the leadership of CEO, Bill Barney, to align with the company's strategic plan to deliver an integrated portfolio of infrastructure,
data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...
and managed network services with
Cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may co ...
capabilities, especially across key
emerging markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...
in
Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
and the
Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...
. In March and June 2014, GCX announced plans for new subsea cables between
Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 ...
and
California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...
and between
Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
and
Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
respectively, to bridge important gap and meet soaring bandwidth demands of new
cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may co ...
-based applications and services. In July 2014, GCX announced successful debut in the Global Capital Market by raising US$350M fixed rate notes maturing in 2019. The deal received an overwhelming response from the market, and was significantly oversubscribed. In October and December 2014, GCX launched transformational Cloud X platform in
Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
and
London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
. This new high performance enterprise-class platform delivers applications and content across the company's privately owned global fiber optic network. In March 2015,
Reliance Communications Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell asse ...
(RCOM), the parent company of GCX, expanded the role of Bill Barney, CEO of Global Cloud Xchange (GCX), to also oversee RCOM's Enterprise, IDC and National Long Distance (NLD) operations in India, while continuing as Chairman and CEO of GCX. In 2015, GCX launched Cloud X Fusion, providing low latency connectivity across developed and
emerging markets An emerging market (or an emerging country or an emerging economy) is a market that has some characteristics of a developed market, but does not fully meet its standards. This includes markets that may become developed markets in the future or were ...
in the US, Europe, Middle East and Asia, which gives enterprises security, reliability and predictability. In July 2015,
Reliance Communications Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell asse ...
(RCOM) expanded its next generation content and cloud delivery network – part of its subsidiary Global Cloud Xchange – to five additional cities in
Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...
,
Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
,
Chennai Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...
,
Bangalore Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...
and
Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...
as part of a wider strategy to support future growth in the country. These Cloud Xchange
nodes In general, a node is a localized swelling (a "knot") or a point of intersection (a Vertex (graph theory), vertex). Node may refer to: In mathematics *Vertex (graph theory), a vertex in a mathematical graph *Vertex (geometry), a point where two ...
can help government departments access 240 times the amount of compute power currently available in government
data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...
s, and over 6 times the high speed storage currently available in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. In August 2015, Reliance Communications' Global Cloud Xchange to expand Singapore-India connectivity, a major step forward to deliver next generation connectivity services to support the
digital transformation Digital transformation is the adoption of digital technology by an organization to digitize non-digital products, services or operations. The goal for its implementation is to increase value through innovation, invention, customer experience or ef ...
and economic growth of
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. In February 2016, Global Cloud Xchange (GCX) announced the launch of Cloud X in
Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...
, enabling customers across
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
to have on-net access to public Cloud platforms such as AWS,
Microsoft Azure Microsoft Azure, often referred to as Azure ( , ), is a cloud computing platform operated by Microsoft for application management via around the world-distributed data centers. Microsoft Azure has multiple capabilities such as software as a ...
,
Softlayer IBM Cloud, (formerly known as Bluemix) is a set of cloud computing services for business offered by the information technology company IBM. Services As of 2021, IBM Cloud contains more than 170 services including compute, storage, networki ...
,
Google Google LLC () is an American multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. ...
,
Rackspace Rackspace Technology, Inc. is an American cloud computing company based in Windcrest, Texas, an inner suburb of San Antonio, Texas. The company also has offices in Blacksburg, Virginia, and Austin, Texas, as well as in Australia, Canada, United ...
,
VMWare VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...
and more than 20 others worldwide, as well as software services like
Microsoft Office Microsoft Office, or simply Office, is the former name of a family of client software, server software, and services developed by Microsoft. It was first announced by Bill Gates on August 1, 1988, at COMDEX in Las Vegas. Initially a marketin ...
365 and Google Apps for Work. In May 2016, Global Cloud Xchange was named Best Managed Services Provider at the Telecom Asia Awards held in conjunction with the annual Telco Strategies in
Kuala Lumpur , anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , su ...
, Malaysia. In April 2017, Global Cloud Xchange partnered with Alibaba group's Alibaba Cloud Express to drive new business opportunities in enterprise segment. In June 2017, Global Cloud Xchange partnered with Aegis Data, vScaler. GCX enables direct access to vScaler's Cloud Services platform via GCX'
CLOUD X Fusion
delivering Next Generation application-specific Cloud Services to consumers and enterprises over the GCX Global Network. In June 2017, Global Cloud Xchange won two Datacloud Awards. "Excellence in Connectivity for Data Centers" and "Excellence in
Cloud In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may co ...
Services" at the Datacloud Europe 2017 conference. Also in June 2017, Global Cloud Xchange partnered with Sovereign to offer global
connectivity Connectivity may refer to: Computing and technology * Connectivity (media), the ability of the social media to accumulate economic capital from the users connections and activities * Internet connectivity, the means by which individual terminals, ...
to business
enterprise Enterprise (or the archaic spelling Enterprize) may refer to: Business and economics Brands and enterprises * Enterprise GP Holdings, an energy holding company * Enterprise plc, a UK civil engineering and maintenance company * Enterprise ...
customers. In September 2019, the company filed for
bankruptcy protection Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...
in a US court when it failed to pay $350 million of 7% bonds that matured in the beginning of August, 2019. In February 2020, Global Cloud Xchange renewed multi-year contract with Autoneum, to enhance Autoneum's Internet infrastructure with enhanced connectivity to 55 production locations across 25 countries in Europe, North and South America, Africa, and Asia In March 2020, Global Cloud Xchange and Sparkle, announced the extension of their partnership by adding new spectrum capacity over the Flag Atlantic (FA-1) transatlantic system connecting Paris and London to New York. Global Cloud Xchange Announces Majority Emergence from Bankruptcy GCX announces the appointment of Carl Grivner to the Company’s Board of Directors SGS Extends Network Connectivity Agreement with Managed SD-WAN from Global Cloud Xchange GCX appoints new Chief Financial Officer, Anja Blumert GCX announces an addition to the Company’s Board of Directors; Brian Fitzpatrick Carl Grivner appointed Chief Executive Officer of GCX GCX announces the appointment of Rahul N. Merchant to its Board of Directors In May 2021, GCX announced key findings from a Pioneer Consulting report evaluating the service life of its global subsea asset. The evaluation concluded at least five more years on GCX’s oldest operating systems, plus longer life at increased capacity available for the foreseeable future. In July 2021, GCX reported Free Cash Flow of $24.9 million, representing a $82.7 million improvement year-on-year, enabling the business to paydown nearly $10.5 million in debt. The combination of strong cash flow and deleveraging the business allows GCX to continue reinvesting toward future growth.


Global Network

The principal elements of the Global Cloud Xchange Global Network include five subsea cable systems operating on major global data traffic routes: the Trans-Atlantic route, the Europe-Asia route, the Europe-Middle East &
Egypt Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediter ...
route and the Intra-Asia route. As of 30 June 2014, these cable systems had a total length of 68,698 route kilometres ("rkm") and landed at 46 landing stations in 27 countries. GCX has launched India Cloud Xchange (ICX) through capacity acquired on the TIC cable to boost its connectivity between India and Singapore. GCX has owned as well as leased terrestrial networks with a total length of 83,432 rkm integrated within the subsea cable system. These are present in over 34
metropolitan area A metropolitan area or metro is a region that consists of a densely populated urban agglomeration and its surrounding territories sharing industries, commercial areas, transport network, infrastructures and housing. A metro area usually com ...
s across 14 countries covering major business centres. GCX also has a scalable global IP and
multi-protocol label switching Multiprotocol Label Switching (MPLS) is a routing technique in telecommunications networks that directs data from one node to the next based on labels rather than network addresses. Whereas network addresses identify endpoints the labels identi ...
("MPLS") network provided over 27 diverse owned and leased international subsea and terrestrial cable routes, with 836 direct inter-connections to 342 third party networks. GCX's managed network services platform connects approximately 27,000 sites in 158 countries through a combination of leased and owned infrastructure offered through a dedicated secure IP network. Two GNOCs in
Denver Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...
and
Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...
act as the global network operational centres of the GCX Global Network, the functions of which include 24-hour monitoring, network operations, restoration coordination and technical support.


Leadership

Senior Leadership * Carl Grivner: Chief Executive Officer * Anja Blumert: Chief Financial Officer * Jim Fagan: Chief Strategy and Revenue Officer * Jocelyn Cho: General Counsel * Brad Kneller: Head of Submarine Operations * M U Khan: Head of Human Resources *Stefano Mazzitelli: President of Europe and USA * Vineet Verma: President of Middle East & Africa


References

{{Telecommunication companies of India Telecommunications companies of the United Kingdom Telecommunications companies of the United States Companies of Bermuda Telecommunications companies established in 1988 Companies that filed for Chapter 11 bankruptcy in 2019 Reliance Group