Reliance Jio IPO: Mukesh Ambani’s Big Reveal at RIL’s 48th AGM
Mumbai – Reliance Industries, led by Mukesh Ambani, held its 48th Annual General Meeting (AGM) on Thursday. The focus was on growth in digital and energy businesses. Ambani announced that Jio will finally go public, with plans to list its IPO in the first half of 2026. He also unveiled key milestones and future strategies for Reliance.
Jio Prepares for IPO
Ambani confirmed that Jio is gearing up for its market debut next year. With over 500 million customers, Jio is not only India’s largest digital services provider but also among the biggest globally. The proposed IPO is expected to be one of the most significant listings in Indian market history, with investors eagerly awaiting this move.
“I’m proud to announce that Jio is making all arrangements for its IPO. We aim to list Jio by the first half of 2026, subject to approvals. This will create value on par with our global peers and offer a great opportunity for investors,” said Ambani during the AGM.
Strategic Focus: Telecom, Broadband, Digital Services
Reliance is keen to unlock value across Jio’s telecom, broadband, and digital verticals. The IPO is expected to position Jio as one of the top digital platforms globally.
Reliance’s Vision: AI, Clean Energy, Deep Tech
Ambani laid out a blueprint for Reliance’s future, emphasizing the integration of Artificial Intelligence (AI) across all business segments—from retail and telecom to energy and entertainment.
He described AI as the “Kamadhenu of our era,” a metaphor for boundless innovation and productivity. Reliance plans to expand into digital health, life sciences, and genomics, positioning AI as the new growth engine.
“We are building the world’s most advanced clean energy ecosystem for India. AI will be embedded across all our businesses,” Ambani stated.
Financial Performance & Workforce Expansion
In FY25, Reliance became the first Indian company to cross $125 billion in annual revenue. Key figures:
- Revenue: ₹10.71 lakh crore
- EBITDA: ₹1.83 lakh crore
- Net profit: ₹81,309 crore
- Contribution to exchequer: ₹2.10 lakh crore
Reliance currently employs 6.8 lakh people, with plans to expand beyond 1 million in the coming years.
Balancing Global Uncertainty with Domestic Growth
Ambani acknowledged rising global uncertainties but called this era a “Golden Age of Affordability” due to progress in technology and renewables. He emphasized Reliance’s commitment to clean energy, genomics, AI, and deep tech as pillars of future growth.
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