Reliance Jio IPO planned for early 2026: Mukesh Ambani
Mumbai: Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani on Friday announced that Reliance Jio is preparing to file for its initial public offering (IPO), with a target to list the company by the first half of 2026. He was addressing shareholders at RIL’s 48th Annual General Meeting (AGM).
“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 all necessary approvals,” Ambani said.
Jio reported a revenue of ₹1,28,218 crore ($15 billion) in FY25, marking a 17% year-on-year growth, while EBITDA stood at ₹64,170 crore ($7.5 billion). Ambani highlighted these figures as proof of Jio’s value creation and said the IPO would be a “very attractive opportunity for all investors.” Watch the video below:
The telecom giant also achieved a major milestone, crossing 500 million customers. Ambani expressed gratitude to users, calling their support the driving force behind Jio’s journey. Reliance Jio, a subsidiary of Jio Platforms, was launched in September 2016 and has since become the largest telecom network operator in India. In the 2025 financial year, Jio reported a revenue of ₹1.28 lakh crore.
Looking ahead, Ambani outlined five assurances that define Jio’s future vision:
- Connecting every Indian through mobile and home broadband.
- Equipping households with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and automation.
- Digitising Indian businesses with scalable and secure platforms.
- Leading India’s AI revolution with the motto “AI Everywhere for Everyone.”
- Expanding Jio’s operations globally to take Indian technology to the world.
Akash Ambani, who heads Jio, described the IPO milestone as a deeply personal moment. “Jio is where I began my professional journey, faced challenges, learned lessons, and found my purpose. To see it emerge as an independent company is humbling and exhilarating,” he said, reaffirming his commitment to carry forward his father’s vision.
Key Announcements from Reliance AGM 2025
At the 48th Annual General Meeting (AGM) of Reliance Industries Limited, Akash Ambani and senior leaders of Jio unveiled a series of tech-driven initiatives aimed at transforming digital experiences for consumers in India and abroad. Here are the highlights:
1. Voice Print on JioHotstar
- What it is: A breakthrough feature using AI voice cloning and lip-sync technology.
- How it works: Sports and entertainment content can now be enjoyed in a viewer’s preferred Indian language.
- Why it matters: Unlike traditional dubbing, this feature allows stars and commentators to speak in their own voices, perfectly synced with lip movements, creating a natural and authentic viewing experience.
- Use case: Cricket matches, blockbuster movies, and shows can now feel native, without losing the charm of original performances.
2. RIYA – Voice-Enabled Search Assistant
Problem solved: With endless hours of content, discovering what to watch is overwhelming.
- Solution: RIYA is designed to understand natural speech across languages and contexts.
- How it helps: Users can simply say the name of a show, season, episode, or year, and RIYA will fetch it instantly.
- Benefit: Eliminates the need for scrolling and searching — a personalised content curator for every user.
3. JioFrames – AI-Powered Smart Glasses
- Introduction: A wearable device supporting multiple Indian languages.
- Features: Hands-free communication with Jio’s multilingual AI assistant, capturing HD photos, recording videos, going live, and syncing memories directly to the Jio AI Cloud.
- Purpose: Designed for India’s lifestyle — work, play, and social sharing — merging tech convenience with cultural context.
4. Next-Gen Jio AI Cloud
- Beyond storage: Positioned as an AI-powered memory companion.
- Key features: Users can recall memories by voice commands in their own language.
- AI Create Hub: Allows anyone to convert simple photos into reels, collages, or promotional videos without expert editing skills.
5. Global Expansion of Jio Services
- Ambition: Jio’s technologies are ready for international deployment.
- Roadmap: Through strategic partnerships, Jio will take its platforms abroad, offering solutions to global digital challenges.
6. India as the World’s First AI-Native Digital Economy
- Vision: Jio aims to make India the first AI-native digital economy.
- Applications: GenAI-powered customer journeys, AI diagnostics, and automation.
- Impact so far: Over 220 million users already benefit from Jio True 5G’s speed and reliability.
7. JioPC – Cloud-Powered Virtual Computer
Product launch: A device that transforms any TV or screen into a full-fledged AI-ready computer.
How it works: Connect a keyboard to the Jio Set-Top Box, and instantly access a cloud-powered PC.
Advantages: No upfront investment, pay-as-you-use model, remote upgrades for memory and storage, always secure and up-to-date.
Overall takeaway: The AGM 2025 positioned Jio not just as a telecom and digital services provider but as an AI-first, global tech powerhouse — building towards India’s AI-native economy while expanding its footprint internationally.