'Brighter Future Awaits All Prospective Jio Investors': Mukesh Ambani

The board of Jio Platforms has approved the draft red hearing prospectus, and it will be filed with market regulator SEBI on Friday, June 19, RIL Chairman Mukesh Ambani said at the 49th Reliance Industries Ltd AGM.

Further, the RIL Chairperson noted that, Akash Ambani, Anant Ambani, and Isha Ambani, who are all directors of RIL, are heading the public listing process, aiming to “lead the next generation of value creation in the future”. 

“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value," he said.

On the other hand, to take the AI narrative forward, he said Reliance intelligence will provide the “scale, resources, the freedom and responsibility to solve some of the biggest challenges of this age.”

Jio's Progress Report Ahead Of India's Largest-Ever IPO

In terms of operational scale, Jio's user base has crossed 524 million customers mark, meanwhile, its 5G subscriber base has surpassed 268 million mark. 

Coming to its broadband services, Jio AirFiber has become the world's largest fixed wireless broadband operator last year. The total data traffic on Jio's network in FY26 stood at 241 exabytes, recording a 30.8% YoY growth. 

Jio Platforms FY26 Report 

The company's revenue stood at Rs 1,46,885 crore, growing 14.6% YoY, while the EBITDA grew by 18.8% to hit Rs 76,255 crores. The EBITDA margin  improved by 190 basis points to 51.9% in FY26. 

Notably, the company's profit after tax for the first time crossed Rs 30,000 crore, registering a growth of 15.1% year-on-year. 

Jio's Mega Commitments Ahead Of Market Debut

At the Reliance 49th AGM, Akash Ambani, said Jio True 5G will establish the foundation of India's next big digital leap. The platform's network slicing  will enable a new tier of high performance connectivity. He also noted that Jio's target is to move all subscribers to 5G by 2030, whilst advancing India's leadership position in 6G standards.