Jio Platforms, the digital services and telecom arm of billionaire Mukesh Ambani-led Reliance Industries, has formally filed draft papers for its initial public offering (IPO), marking a major milestone for one of India’s largest technology and telecom companies.
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According to the draft prospectus, the IPO will involve the issuance of up to 270 million shares. Speaking at Reliance Industries’ annual general meeting, Mukesh Ambani said the proposed listing would showcase India’s ability to create technology businesses with global scale and influence.
“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value,” Mukesh Ambani said.
Ownership Structure and Strategic Investors
Reliance Industries currently holds more than a 66% stake in Jio Platforms. The company also counts several global technology giants among its investors. Google International owns approximately 7.7% of the company, while Meta Platforms holds nearly 10%, according to LSEG data.
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Jio Platforms oversees Reliance Jio Infocomm, which serves more than 526.9 million subscribers across India. Data from the Telecom Regulatory Authority of India (TRAI) shows that the company accounts for nearly half of the country’s wired and wireless internet market.
Jio Dominates India’s Telecom Market
Reliance Jio remains the clear market leader in India’s telecom sector, significantly ahead of its closest rival, Bharti Airtel. Bharti Airtel, which holds nearly 35% market share, is also among India’s most valuable listed companies, with a market capitalisation exceeding $120 billion. According to LSEG data, the telecom operator currently trades at a price-to-earnings ratio of more than 42 times.
What is an IPO?
The IPO is the process through which a private company offers its shares to the public for the first time and gets listed on a stock exchange. Before an IPO, a company is usually owned by its founders, promoters, and private investors. After an IPO, ordinary investors can buy and sell the company’s shares in the stock market.
Companies launch IPOs to raise money for business expansion, repay debt, invest in new projects, or improve their financial position. An IPO also helps establish a market value for the company and increases its visibility among investors.
Indrani Priyadarshini is a journalist and editorial professional specialising in technology, artificial intelligence, smart cities, green energy, and digital transformation. With over four years of experience in tech journalism and digital media, she is known for turning complex industry developments into clear, engaging, and insightful stories. Her expertise spans reporting, editorial strategy, digital publishing workflows, and in-depth coverage of emerging technologies shaping the future. She has also conducted high-profile interviews and podcasts with industry leaders, bringing sharp analysis and accessible storytelling to a wide audience.
