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The RIL Chairman said as a result of these achievements, the financial performance of Jio is scaling new heights with every passing year
Mukesh Ambani speaks at RIL AGM.
Reliance Industries Chairman Mukesh Ambani on Friday hailed Jio and its service to the nation for the tenth year, adding that the company will take its home-grown technology to people around the world.
“Just a week from now, Jio will enter its 10th year of service to the nation. Looking back, these years have been the most glorious in India’s digital history. Today, I am proud to share with you that the Jio family has crossed 500 million customers. The 500-million milestone is a symbol of your unwavering trust and support. I offer my heartfelt gratitude to each and every one of you,” Ambani said at RIL’s 48th Annual General Meeting.
Listing Jio’s achievements, Ambani said: “First, Jio made voice calls free from anywhere to everywhere in India. Second, Jio made it a habit for common Indians to watch videos on their mobile and do digital payments, also through mobiles. Third, Jio laid the foundation for India’s Digital Public Infrastructure such as Aadhaar, UPI, Jan Dhan, Direct Bank Transfer, and empowered a confident new generation. Fourth, Jio enabled creation of the world’s third-largest start-up ecosystem in India comprising over 100+ unicorns. Fifth, Jio’s nationwide 5G rollout, the fastest in the world, has laid the foundation for the AI revolution in India.”
The RIL Chairman said as a result of these achievements, the financial performance of Jio is scaling new heights with every passing year. “Jio’s revenue was Rs 1,28,218 crore ($15.0 billion), a growth of 17% YoY in FY-25; and EBITDA was Rs 64,170 crore ($7.5 billion). These figures are a testimony to the enormous value Jio has already created, and even greater value it is destined to create. Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first-half of 2026, subject to all necessary approvals.”
Sharing Jio’s future plans, Ambani said they rested on five assurances. “One: Jio will connect every Indian on mobile and home broadband. Two: Jio will equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation. Three: Jio will digitise every Indian business and enterprise with simple, scalable, and secure platforms. Four: Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone. Five: Jio will expand its operations outside India, taking our home-grown technology to people around the world.”
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The News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and abroad. From live updates to exclusive reports to in-depth explainers, the Desk d… Read More
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