Reliance Jio Platforms, owned by Indian billionaire Mukesh Ambani, is preparing to apply for regulatory approval for a Mumbai listing in what is probably going to be the nation's largest-ever stock offering.
Here are some statistics about Jio Platforms, which is home to the second-biggest telecom firm in the world in terms of consumers, after China Mobile.
Telecom Business Reliance Jio Platforms is a division of Reliance Industries, Ambani's oil-to-retail conglomerate. Reliance Jio Infocomm, the largest telecom company in the nation with over 500 million members, is its most well-known feature.

When it first launched in 2016, the telecom company, known simply as Jio, took aim at competitors like Bharti Airtel and Vodafone-Idea by providing free voice and data services.
In keeping with Ambani's usual tactic of enticing customers with extremely low pricing, the action increased the company's clientele and gave many Indians access to social media sites like Facebook and YouTube for the first time.According to Jio, it presently accounts for almost 60% of all data traffic in India.
Reliance Jio Platforms has expanded into AI, cloud and enterprise network services, and app development in addition to telecom in recent years. Nvidia and Reliance launched an AI collaboration in 2023 to create language models and cloud infrastructure.

The Leadership Jio Platforms' chairman is Asia's wealthiest individual, Mukesh Ambani. Isha, Anant, and Akash, his three children, are on its board. His older son, Akash Ambani, is chairman of Reliance Jio Infocomm, the company's main telecom division.
66.43% of Jio Platforms is owned by Reliance Industries.Jio Platforms' CEO is Kiran Thomas.
Important Financials and Valuation
In the most recent fiscal year that ended in March 2025, Reliance Jio Platforms' operating revenue was $13.65 billion. However, 90% of it came only from the telecom sector, which the corporation claims has increased by 13% a year from 2020–2021.

After taxes, Reliance Jio Platforms reported a $2.8 billion profit for the year.Reliance Jio was valued at $180 billion by investment bank Jefferies in November. Although exact figures won't be known until later, sources told Reuters in January that the IPO might be valued up to $4 billion.
Investors in Marquees
13 international investors contributed around $20.5 billion to Jio Platforms in 2020 in exchange for a roughly 33% equity stake at a valuation between $57 billion and $65 billion.
As Ambani aimed to make Jio Platforms the focal point of his technological aspirations, international brands including Meta Platforms, Alphabet, and KKR invested in the company.

Silver Lake, General Atlantic, and the Abu Dhabi Investment Authority are additional investors. Google holds a 7.7% share in the corporation, while Meta holds a 9.9% share.
The IPO process
Following the start of the conflict in West Asia, IPO activity slowed and investors lost interest in fresh listings, delaying the filing, which was originally scheduled for as early as March.
The IPO is currently being planned as a fundraising effort with the goal of issuing shares worth 2.5% of the company's size. Previously, it was anticipated to be a pure offer-for-sale where international investors would have sold some of their holdings.The IPO of the company has been postponed for a long time. Ambani stated in 2019 that Jio will "move towards" a listing in five years, however the plans were later postponed until 2025.
To oversee its offering, the business has employed 17 banks.