Jio Infocomm Plans Mega IPO by 2026
Reliance Jio Infocomm Ltd, the telecom wing of Reliance Industries Ltd (RIL), is making headlines with its ambitious plan to launch India’s largest initial public offering (IPO) in the first half of 2026. Mukesh Ambani, the Chairman and Managing Director of RIL, shared this exciting news at the company's annual general meeting. He expressed pride in announcing that Jio is preparing to file for its IPO, aiming to list by 2026, contingent upon necessary approvals.
Though the exact size of the IPO has not been confirmed, market analysts estimate it could raise around Rs 52,000 crore, potentially marking it as India's largest public offering. Jio’s valuation is projected to exceed $100 billion, with estimates ranging between $111 billion and $154 billion, reflecting the combined value of its telecom and digital businesses.
Ambani emphasized Jio’s commitment to transforming the digital landscape in India, promising to connect every Indian with mobile and broadband services. He outlined Jio's future plans, including the introduction of digital services such as Jio Smart Home and JioTV+, all while spearheading the AI revolution in the country.
With over 500 million customers, Jio is not just a telecom provider but a trusted entity that has reached a scale unmatched by many. Akash Ambani, Chairman of Jio Infocomm, noted that serving half a billion customers reflects the deep trust Jio has garnered across India.
Ambani also spoke about RIL’s transformation into a deep-tech company, focusing on advanced manufacturing and AI integration across its businesses. He stated that the corporate philosophy of “We Care” drives continuous improvement in product quality and service, ensuring the well-being of people and the planet.
Looking ahead, Ambani shared a vision for India’s economy, suggesting that with the right reforms and a focus on deep tech, India could achieve a 10% annual growth rate. This could lead to a significant increase in per capita income over the next two decades, making India a more prosperous and equitable nation.
He highlighted the importance of developing an India-first model of growth that aligns technology with democracy, economy with culture, and national aspirations with global friendship. This holistic approach aims to enhance the quality of life for every Indian while ensuring environmental sustainability.
