Mumbai: The biggest news at Friday’s 48th annual general meeting (AGM) of Reliance Industries Ltd (RIL) came in the form of upcoming Initial Public Offering (IPO) of Reliance Jio Platforms.
RIL chairman and managing director Mukesh Ambani announced that the telecom and digital giant will file for an IPO in the first half of 2026.
“Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO,” Ambani said.
“We are aiming to list Jio by the first half of 2026, subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors,” Ambani said.
Ambani also revealed that Jio, which has crossed 500 million customers, will expand its operations overseas and develop its own artificial intelligence (AI) technology.
“Just a week from now, Jio will enter its 10th year. I am proud to share that the Jio family has crossed 500 million customers,” Ambani said.
Ambani credited Jio for laying the foundation for India’s digital public infrastructure.
“Jio made voice calls free from anywhere to everywhere in India. It made watching videos on mobile phones a habit for millions of Indians. Jio laid the foundation for India’s digital public infrastructure, including initiatives such as Aadhaar and UPI. The company enabled the creation of India’s digital ecosystem. Jio helped build the world’s third-largest startup ecosystem in India, supporting over 100 unicorns.”
5 priorities for Jio’s next phase of growth
As the next phase of Jio’s growth, Ambani said the company will – i) Connect every Indian through mobile and home broadband; ii) Equip households with digital services; iii) Digitise businesses with secure platforms; iv) Drive an ‘AI Everywhere for Everyone’ push; v) Expand operations overseas.
Ambani said Jio will equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation.
“Jio will herald the AI revolution in India,” Ambani said.
JioPC coming up
Ambani’s elder son and Reliance Jio Infocomm chairman Akash Ambani announced the launch of an AI-ready computer.
“We are proud to announce another leap forward – JioPC. JioPC is that revolutionary product that transforms your TV, or any other screen, into a full-feature, AI‑ready computer,” Ambani junior revealed.
Akash announced another new product.
“Let us give you a first look of one of our most exciting upcoming products – JioFrames. JioFrames is an AI-powered wearable platform and ecosystem, made for India. With support for multiple Indian languages at launch, you can simply speak to Jio’s multilingual AI voice assistant. It is a hands-free, AI-powered companion designed for the way India lives, works, and plays,” Akash said.
