Reliance Jio IPO Plans Announced at AGM
Reliance Industries Chairman Mukesh Ambani on Friday announced that Reliance Jio Platforms will file for its long-anticipated Initial Public Offering (IPO) in the first half of 2026. Addressing shareholders at the 48th Annual General Meeting (AGM) of Reliance Industries Ltd. (RIL), Ambani emphasized that the public listing will mark a major milestone in India’s digital transformation journey.
“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 declared. He added that the listing will showcase Jio’s potential to generate value comparable to its global peers, making it an attractive opportunity for domestic and international investors.
Jio Reaches 500 Million Subscribers in Tenth Year
Celebrating Jio’s remarkable growth since its commercial launch in 2016, Ambani revealed that the telecom and digital services giant has crossed 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,” he said.
Ambani credited Jio for fundamentally reshaping India’s digital landscape. By introducing free nationwide voice calls, affordable data, and innovative platforms, Jio enabled millions of Indians to access mobile internet and video services. Beyond connectivity, the company has supported India’s digital public infrastructure, including Aadhaar and Unified Payments Interface (UPI), which serve as the backbone of the country’s digital economy.
Contribution to India’s Digital Ecosystem
Ambani noted that Jio’s disruptive approach transformed India into the world’s third-largest startup hub, fostering more than 100 unicorns. “Jio laid the foundation for India’s digital public infrastructure and helped build the world’s third-largest startup ecosystem. It has been central to India’s rise as a digital-first economy,” he said.
Through affordable access and advanced services, Jio has been instrumental in bridging the digital divide across urban and rural India. The company has also accelerated adoption of digital payments, e-commerce, and online education, reshaping consumer behavior at scale.
New Consumer Offerings Unveiled
The AGM also served as a launchpad for several new product announcements, reflecting Jio’s ambition to expand into artificial intelligence (AI), smart homes, and computing solutions.
Ambani confirmed that Jio will bring digital services to every Indian home through platforms such as Jio Smart Home, JioTV+, Jio TV OS, and seamless home automation. “Jio will equip every Indian household with cutting-edge digital services,” he said.
He also underlined the company’s vision for artificial intelligence, stating, “Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone.”
Next-Gen Devices: JioPC and JioFrames
Jio’s expansion into AI-powered consumer technology was highlighted by Akash Ambani, Chairman of Reliance Jio Infocomm. He unveiled two upcoming products—JioPC and JioFrames.
JioPC is designed to transform any screen, including television sets, into a full-fledged AI-ready computer. The device promises affordability and accessibility, enabling millions of households to experience personal computing at lower costs.
Meanwhile, JioFrames introduces an AI-powered wearable ecosystem built specifically for India. The smart glasses will launch with support for multiple Indian languages and an integrated multilingual AI voice assistant. “It is a hands-free, AI-powered companion designed for the way India lives, works, and plays,” Akash Ambani explained.
Strategic Vision for the Future
Mukesh Ambani stressed that Jio’s future lies at the intersection of connectivity, AI, and consumer technology. He assured shareholders that the upcoming IPO will not only unlock shareholder value but also propel Jio’s mission to lead India into the digital-first era.
“Our journey has just begun. With AI at the core of our vision, we will ensure that technology empowers every Indian, every home, and every business,” Ambani concluded.
The announcements at the AGM underscore Jio’s dual strategy: strengthening its core telecom and digital platforms while investing in next-generation technologies that promise to redefine India’s digital experience. With its IPO planned for 2026, Jio is set to open a new chapter in its growth story while offering investors a stake in one of the world’s most dynamic digital enterprises.
