Reliance Industries Chairman and Managing Director Mukesh Ambani revealed on Friday that telecom powerhouse Reliance Jio Platforms is gearing up for an initial public offering (IPO) set for 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 stated during the 48th Annual General Meeting of Reliance Industries Ltd.
“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,” he added.
Ambani further shared that Jio plans to broaden its reach internationally while advancing its proprietary artificial intelligence capabilities.
Reliance Jio Surpasses 500 Million Users: Mukesh Ambani In his speech, Ambani highlighted that Jio, now marking its 10th year, has exceeded 500 million customers.
“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 noted.
He praised Jio’s role in establishing India’s digital framework, pointing to contributions in areas like Aadhaar and UPI.
“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,” he explained. “Jio helped build the world’s third-largest startup ecosystem in India, supporting over 100 unicorns.”
Ambani detailed five key focuses for Jio’s upcoming growth stage: linking all Indians via mobile and home broadband, providing homes with comprehensive digital solutions, enhancing business operations through secure digital tools, promoting widespread AI adoption under the banner “AI Everywhere for Everyone,” and pursuing global expansion.
VIDEO | Reliance Industries Chairman and MD Mukesh Ambani addresses the 48th Annual General Meeting. He says, "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… pic.twitter.com/eyw5PI6qMh
— Press Trust of India (@PTI_News) August 29, 2025
Key Highlights from Reliance AGM
Other notable announcements from the 48th Annual General Meeting of Reliance Industries Ltd. include:
- “Jio to equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation,” Mukesh Ambani said.
- “Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone,” Mukesh Ambani added.
- “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,” Akash Ambani announced.
- “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 Ambani said.
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