Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday announced that Jio will file for its much-anticipated initial public offering (IPO), with plans to list by the first half of 2026, subject to regulatory approvals.
Addressing shareholders at the company’s 48th Annual General Meeting (AGM), Ambani described the move as a milestone that will showcase Jio’s ability to create value comparable to global technology leaders.
“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. I assure you that this will demonstrate Jio’s capability to create the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors,” Ambani said.
He highlighted five key achievements of Jio that transformed India’s telecom and digital landscape — making voice calls free across the country, enabling seamless video streaming and digital payments, supporting platforms such as Aadhaar, UPI, and Jan Dhan transfers, and contributing to the rise of India’s startup ecosystem, which now hosts over 100 unicorns.
Ambani also credited Jio’s nationwide 5G rollout, the fastest in the world, for laying the foundation for India’s artificial intelligence revolution.
On the financial front, Jio reported revenues of ₹1,28,218 crore for FY 2024–25, a 17% year-on-year growth, with an EBITDA of ₹64,170 crore.
“These figures are a testimony to the enormous value Jio has already created, and the still greater value it is destined to create,” Ambani noted.
Reliance said it has begun FY26 with robust operational and financial performance. The company held its AGM on August 29, the same date as last year.
-ANI
