IPO by 2026: A Landmark Milestone
Addressing shareholders, Ambani confirmed that all arrangements are underway to list Reliance Jio. “We are aiming to list Jio by the first half of 2026, subject to necessary approvals. This IPO will prove that Jio can create as much value as its global counterparts and offer an attractive opportunity for investors,” he said.
The announcement marks a critical milestone for Jio, which has redefined India’s telecom sector since its entry in 2016. The IPO is expected to be one of the most significant listings in Indian corporate history.
Crossing 500 Million Customers
As Jio enters its 10th year, Ambani revealed that the company has surpassed 500 million customers. “Jio has made voice calls free, made video streaming a daily habit, and laid the foundation for India’s digital infrastructure through Aadhaar and UPI,” Ambani noted. He credited Jio for enabling India’s thriving startup ecosystem, which today supports over 100 unicorns.
India’s digital economy has been expanding rapidly, with Jio playing a central role in enabling affordable internet access for millions.
Jio’s Next Growth Priorities
Ambani outlined five strategic priorities for Jio’s future:
- Connecting every Indian through mobile and home broadband.
- Equipping households with digital services like Jio Smart Home, JioTV+, and Jio TV OS.
- Digitising businesses with secure and scalable platforms.
- Driving the “AI Everywhere for Everyone” initiative.
- Expanding Jio’s footprint to international markets.
AI-Powered Future: JioPC and JioFrames
Highlighting Jio’s push into AI-led innovation, Akash Ambani introduced two major products. The first, JioPC, transforms any TV or screen into a full-fledged, AI-ready computer. The second, JioFrames, is an AI-powered wearable device featuring multilingual voice assistance tailored for India’s diverse population.
“Jio will herald the AI revolution in India. Our motto is ‘AI Everywhere for Everyone’,” Mukesh Ambani declared. These innovations underline Reliance’s ambition to position Jio at the forefront of India’s digital and AI revolution.
Industry experts believe that Jio’s focus on AI could complement India’s broader digital transformation, aligning with government efforts under the Digital India initiative.
Global Outlook
With its customer base crossing 500 million and a strong digital ecosystem in place, Jio is set to expand operations overseas. Ambani emphasized that Jio’s aim is not just to serve India but to create globally competitive digital products and services.
The IPO and AI-led expansion are expected to strengthen Reliance’s position as a global digital powerhouse, potentially reshaping competition in telecom and technology markets.
