Reliance Jio, India’s largest telecom operator, is gearing up for its initial public offering (IPO) in the first half of 2026, according to Mukesh Ambani, chairman and managing director of Reliance Industries Ltd. Speaking to shareholders via video conference, Ambani revealed that Jio has crossed 500 million users and aims to expand its operations globally.
“We are aiming to list Jio by the first half of 2026, subject to all necessary approvals,” Ambani said. The IPO is expected to be one of the largest in Indian history. Reliance Industries holds a 66.3% stake in Jio Platforms Ltd, which owns all of Reliance Jio Infocomm. Meta Platforms Inc. and Alphabet Inc.’s Google are among the notable investors in Jio.
Ambani highlighted Jio’s significant contributions to India’s digital transformation, including making voice calls free and promoting digital payments. The company has also partnered with Google to provide services to developers, startups, and enterprises, and has launched a $100 million joint venture with Meta to build and scale AI solutions for enterprises.
“Jio will digitize every Indian business and enterprise with simple, scalable, and secure platforms, and usher in the AI revolution in India,” Ambani said, adding that the company’s nationwide 5G rollout has laid the foundation for AI development in India.
The potential listing is expected to unlock significant value for Reliance shareholders and retail investors. Ambani emphasized Jio’s commitment to connecting every Indian through mobile and home broadband, and providing digital services to households at affordable costs.