Overview

• Jio Platforms will not move forward with its planned 2025 IPO and has yet to appoint advisers for its listing.
• Its telecom arm, Reliance Jio Infocomm, drives nearly 80% of its $17.6 billion annual revenue with a subscriber base exceeding 488 million.
• The company plans to grow revenues and expand its subscriber base while investing in apps, connected devices and AI infrastructure through partnerships such as Nvidia.
• Jio Platforms is gearing up for competition from Elon Musk’s expected Starlink internet service in India, intensifying its focus on network and digital capabilities.
• Reliance Retail’s IPO has been pushed to 2027–2028, and investors remain confident in Ambani’s ventures.