Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday announced that Jio will file for its long-awaited Initial Public Offering (IPO), with a target to list by the first half of 2026, subject to regulatory approvals.
Speaking at the 48th Annual General Meeting (AGM) of Reliance Industries, Ambani called the upcoming IPO a “milestone”, showcasing Jio’s ability to generate value on par with global technology leaders.
“It is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We aim to list by the first half of 2026, and I assure you this will demonstrate Jio’s capability to create value comparable to global counterparts,” he told shareholders, adding that the offering would be “a very attractive opportunity for investors.”
Ambani highlighted five key milestones Jio has achieved in reshaping India’s telecom and digital ecosystem:
- Making voice calls free across the country.
- Enabling seamless video streaming and digital payments on mobile phones.
- Strengthening platforms like Aadhaar, UPI, and Jan Dhan, which empowered millions of Indians.
- Catalyzing the rise of India’s startup ecosystem, which now boasts over 100 unicorns.
- Leading the world’s fastest 5G rollout, paving the way for India’s AI revolution.
Ambani also pointed to Jio’s strong financial performance. For FY 2024–25, the company reported revenues of ₹1,28,218 crore, a 17% year-on-year growth, with an EBITDA of ₹64,170 crore.
“These figures are testimony to the enormous value Jio has already created—and the even greater value it is destined to create,” he said.
The announcement comes as Reliance begins FY26 on a strong note, with robust operational and financial growth.
