Speaking at the Annual General Meeting (AGM) of Reliance Industries Ltd. (RIL), Mr. Ambani said,
“Jio is making all necessary arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026.”
Jio Platforms Poised for Massive IPO
While Mr. Ambani did not disclose the size of the offering, market speculation points to a 10% stake sale, potentially valuing Jio Platforms at USD 136–154 billion. If realized, this could position Jio as the sixth-largest telecom company in the world by enterprise value.
Currently, Reliance Industries holds a 66.3% stake in Jio Platforms. Other major investors include:
- Meta (formerly Facebook): 10%
- Google: 7.7%
- Private equity investors (combined): 16%
Jio previously raised ₹1.52 lakh crore (~$20 billion) from 13 marquee global investors including Silver Lake, KKR, Vista Equity, General Atlantic, and the Public Investment Fund of Saudi Arabia.
Record Growth and Financial Performance
Jio Platforms reported stellar results for Q1 FY26, with:
- Revenue: ₹41,054 crore (up 19% YoY)
- EBITDA: ₹18,135 crore (up 23.9% YoY)
- Net profit: ₹7,110 crore (up nearly 25% YoY)
For the full FY25, Jio recorded:
- Revenue: ₹1,28,218 crore (~$15 billion)
- EBITDA: ₹64,170 crore (~$7.5 billion)
Mr. Ambani noted that these figures reflect not only Jio's scale but also the vast value-creation potential ahead, especially as it transforms into a Deep-Tech and AI-driven company.
Jio's Strategic Future: 5G, AI, and Global Expansion
Ambani credited Jio’s nationwide 5G rollout — the fastest globally — as the foundation for India’s AI revolution. He emphasized Jio’s vision of delivering “AI everywhere for everyone.”
Key future initiatives include:
- Expanding mobile and home broadband connectivity across India
- Digitalizing Indian homes with offerings like Jio Smart Home, JioTV+, and Jio TV OS
- Enabling Indian enterprises and MSMEs through scalable, secure, and simplified tech platforms
- Global expansion to take Jio’s homegrown technologies worldwide
Akash Ambani: Jio Empowering Indian Businesses
Akash Ambani, Chairman of Reliance Jio, highlighted that the platform now serves over 500 million users — more than the population of the US, UK, and France combined.
“Jio now carries the largest wireless data traffic in the world,” he stated. “India’s next digital leap, and Jio’s next growth engine, will come from empowering businesses of all sizes.”
He emphasized Jio’s focus on enterprise-grade technology democratization, driven by AI-powered solutions, franchisee tools, and vertical-specific platforms.
“This is not just digitisation—it is the democratisation of deep tech,” Akash Ambani said.
Conclusion
With its IPO slated for early 2026, Jio Platforms is gearing up for one of the biggest public listings in India’s corporate history. Backed by strong financials, visionary leadership, and cutting-edge innovation in 5G, AI, and digital services, Jio is poised to reshape not just the Indian digital economy — but potentially make a global impact.