Reliance Industries chairman and managing director 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, marking a major milestone for India’s largest digital services provider.
Speaking at the 48th Annual General Meeting (AGM) of Reliance Industries Ltd (RIL), Ambani said:
“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 approvals. I assure you this will show Jio’s ability to create the same quantum of value as our global counterparts.”
He added that the IPO would be a “very attractive opportunity for investors” and underscored Jio’s growing influence on India’s digital economy.
Jio crosses 500 million customers
Marking a decade of Jio’s operations, Ambani revealed that the telecom and digital giant has now crossed 500 million subscribers, cementing its position as a leading global player.
“Jio made voice calls free across India, made video streaming on mobiles a habit, and laid the foundation for India’s digital public infrastructure, including Aadhaar and UPI. It has enabled the world’s third-largest startup ecosystem, supporting over 100 unicorns,” Ambani noted.
Expansion Overseas & Artificial Intelligence Push
Ambani also outlined Jio’s five growth priorities for its next phase, highlighting overseas expansion and a strong AI focus:
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Connect every Indian through mobile and home broadband.
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Equip households with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation.
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Digitise businesses with secure, scalable platforms.
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Drive “AI Everywhere for Everyone”, positioning Jio at the forefront of India’s AI revolution.
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Expand operations overseas to transform Jio into a global digital powerhouse.
“Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone,” Ambani said.
New Products Unveiled: JioPC & JioFrames
Reliance also showcased its upcoming AI-driven products, unveiled by Akash Ambani:
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JioPC – a revolutionary device that transforms any screen, including TVs, into a full-feature, AI-ready computer.
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JioFrames – an AI-powered wearable platform designed for India, supporting multiple Indian languages at launch and featuring Jio’s multilingual AI assistant.
“JioFrames is a hands-free AI-powered companion designed for the way India lives, works, and plays,” Akash Ambani said.
The Bigger Picture
Ambani stressed that Jio will continue building on its vision of a digitally empowered India, while simultaneously integrating with global markets. From laying the foundation of India’s digital infrastructure to pushing the boundaries of AI, Jio’s next decade aims to shape both domestic and international digital ecosystems.
