When Reliance Jio made its entry in 2016, it created waves, not ripples. Huge tidal ones, caused by its dirt-cheap tariffs. They washed many away, while incumbents like Vodafone India and Idea merged just to stay afloat. When the waters receded, Jio stood tallest, with more subscribers than any of its competitors.
Indeed, in its most recent results—for the quarter ended March 2020—its net profit, year-on-year, almost tripled to Rs 2,331 crore (~$308 million).