Jio's Mega IPO Set for 2026: Ambani's Bold Vision
Reliance Jio Infocomm, the telecom division of Reliance Industries Ltd, is on track to launch India’s largest initial public offering (IPO) in the first half of 2026, as announced by Mukesh Ambani, the Chairman and Managing Director of RIL. This major announcement was made during RIL's annual general meeting, where Ambani expressed his pride in Jio's preparations for this significant milestone.
While the exact size of the IPO has not been disclosed, market analysts speculate that Jio could raise approximately Rs 52,000 crore, marking it as the largest public offering in India to date. Jio's estimated valuation is projected to exceed $100 billion, with some analysts suggesting it could be as high as $154 billion. This expected valuation reflects the robust growth of Jio in both the telecom and digital service sectors.
Ambani also shared ambitious plans for Jio's future, emphasizing five key assurances: connecting every Indian to mobile and broadband services, equipping homes with digital solutions, digitizing businesses, leading the AI revolution, and ensuring that AI benefits everyone. These initiatives underline Jio's commitment to enhancing the digital landscape of India.
As of now, Jio serves over 500 million customers, a figure that surpasses the combined populations of several major countries. Akash Ambani, the Chairman of Jio Infocomm, highlighted this achievement as a testament to the trust that Jio has built in India.
In his address, Mukesh Ambani also discussed RIL's transformation into a Deep-Tech company with advanced manufacturing capabilities. He stressed the importance of innovation over capital intensity, aiming to empower young leaders who can drive future growth. Ambani believes that with the right reforms and focus on technology, India can achieve annual economic growth of 10%.
Furthermore, he emphasized the need for an India-first model of development that leverages Deep Tech to enhance the quality of life for all Indians while being environmentally conscious. This vision seeks to blend technology with democracy and culture, aiming for a more prosperous and equitable nation.
