Reliance Jio Plans Landmark IPO, Surpasses 500 Million Users

Reliance Jio Platforms, the telecom arm of Reliance Industries, announced plans to launch its initial public offering (IPO) in the first half of 2026, aiming to raise approximately ₹52,000 crore, potentially making it the largest IPO in India's history. Chairman Mukesh Ambani highlighted Jio's growth to over 500 million subscribers since its 2016 inception, underscoring its role in providing affordable broadband and digital services across India. The company’s strategic priorities include expanding mobile and broadband connectivity nationwide, promoting smart home technologies, digitizing enterprises, and driving an AI revolution through its new subsidiary, Reliance Intelligence, which will develop AI infrastructure powered by green energy. Reliance Intelligence will build gigawatt-scale, AI-ready data centers in Jamnagar and foster global partnerships to deliver affordable AI services across sectors like education, healthcare, and agriculture. In fiscal year 2025, Jio reported robust financials with revenue of ₹1.28 lakh crore and EBITDA of ₹64,170 crore, reflecting strong operational efficiency and market dominance. The IPO is expected to provide global investors direct access to India's largest telecom operator, supporting Reliance's long-term focus on digital, consumer, and AI-driven business growth.