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Jio IPO: ‘I am sure that it will be a very attractive opportunity for all investors,” says RIL Chairman & Managing Director Mukesh Ambani.
RIL Chairman & Managing Director Mukesh Ambani addresses RIL shareholders during the company’s 48th annual general meeting (AGM) on Friday.
Jio IPO Announcement At RIL AGM 2025: Reliance Industries Ltd (RIL) Chairman & Managing Director Mukesh Ambani on Friday announced that Jio is preparing to file for its initial public offering (IPO) and aims to be listed by the first half of 2026. He was addressing RIL shareholders during the company’s 48th annual general meeting (AGM) on Friday.
“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,” Ambani said.
Jio’s revenue stood at 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, he said.
“I assure you that this will demonstrate that Jio is capable of creating the same quantum of value like our global counterparts. I am sure that it will be a very attractive opportunity for all investors,” Ambani said.
Jio has crossed 500 million customers.
“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,” said the Reliance CMD.
Ambani said Jio’s plans for the future are even more ambitious. They rest 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.
Akash Ambani, who spearheads Jio, said, “Jio is where I began my professional journey, faced challenges, learned lessons, and found my purpose. I have grown with Jio, and to see it come into its own as an independent company is both humbling and exhilarating because Jio is a part of me. Chairman Sir, I want to thank you for your trust, your vision, and your guidance. I assure you that Jio is on the path to build on your vision with renewed energy and unwavering resolve to serve India’s digital future.”
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Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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