Reliance Annual General Meeting 20025: Reliance Industries Limited (RIL) chairman Mukesh Ambani said on Friday that the telecom unit ‘Reliance Jio’ will bring its initial public issue (IPO) in the first half of next year and will be listed in the stock market. Reliance Jio, the country’s largest telecom service provider, is currently a subsidiary of RIL. Addressing the shareholders at the 48th annual general meeting of RIL, Ambani said that Jio has crossed the 50 crore customer figure in 10 years of its operation and the upcoming IPO will show that Jio is also able to create huge values like its global counterparts.
The wait for IPO is over
He expressed confidence that this IPO will prove to be a very attractive opportunity for investors. Along with this, he is going to be more ambitious, future plans of Jio. Although Ambani did not give any information about the amount of shares listed in Jio’s IPO, but there is speculation that about 10 percent stake can be sold.
Reliance has a 66.3 percent stake in the Jio platforms of all digital properties of all digital properties, while Meta (Facebook) has 10 percent and Google has 7.7 percent. Private equity investors have the remaining 16 percent stake. A few years ago, Jio platforms raised around Rs 1.52 lakh crore from Facebook, Google, Silver Lake, KKR and other global investors. According to analysts, the enterprise price of Jio (the company’s total business value) has been estimated between $ 136 to 154 billion. If an IPO comes on this high evaluation, Jio can become the sixth largest telecom company in the world.
Company’s increased profit
In the financial year 2024-25, Jio’s income was Rs 1.28 lakh crore and EBITDA income (earlier benefits from interest, tax, depreciation) was Rs 64,170 crore. In the June quarter of the current financial year, the net profit of Jio platforms increased by about 25 percent to Rs 7,110 crore. Ambani said that from free phone calls to starting the fastest 5G service across the country, Jio has done many such works which could not be imagined earlier. Describing the introduction of 5G services across the country as the foundation of the AI revolution in India, he said that Jio will connect every Indian with mobile and broadband and provide digital services to their homes. Also, it will provide simple and safe digital platform for all small and big businesses. Ambani said, “Our mantra is that AI should be available everywhere for everyone.”
Jio will expand the market
He said that Jio will also expand the international markets outside India on the basis of its indigenous technology and the path of Jio will be more shiny than the journey so far. Akash Ambani, who took charge of Jio on the occasion, said that the basis of Jio’s 50 crore customers is more than the total population of America, Britain and France. He said that today Jio is handling the most wireless data traffic in the world and now the next engine will be a digital solution for micro, small and medium enterprises (MSMEs) and big businesses. Akash Ambani said, “This is not just digitization, but a democratization of enterprise-level technology. Jio has now been established as a ‘intensive technology’ company whose technical structure has been completely developed by our engineers in India.”
Also read: RIL AGM 2025: Mukesh Ambani’s big announcement, new AI company launched, Jio IPO will come next year
