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Jio’s revenue stands 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).
Jio will herald the AI revolution in India, says Mukesh Ambani.
RIL AGM 2025: Reliance Industries Ltd (RIL) Chairman & Managing Director Mukesh Ambani on Friday announced that the Jio family has crossed 500 million customers. He was addressing RIL shareholders during the company’s 48th annual general meeting (AGM) on Friday.
“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.
He added: “I have heard people say: ‘Jio changed my life’, and ‘I love Jio’. But I say from my heart: ‘Actually, each and every Indian built Jio by simply making it a part of their lives.'”
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.
Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone. Jio will expand its operations outside India, taking our home-grown technology to people around the world, the RIL CMD said.
Ambani on Friday also announced that Jio is preparing to file for its initial public offering (IPO) and aims to be listed by the first half of 2026.
“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.
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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