Mukesh D. Ambani, Chairman of Reliance Industries Limited, is exploring avenues for broader stakeholder engagement in Jio Platforms as the timeline for the company’s initial public offering (IPO) approaches. During the Annual General Meeting of RIL in August 2025, Ambani announced plans for the listing of Jio in the first half of 2026.
In RIL’s annual report released on Thursday, Ambani emphasized that the company is taking intentional measures to bolster Jio’s institutional framework, improve transparency, and set the stage for future opportunities as the digital service landscape evolves into a global technology powerhouse.
“We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s long-term growth, always guided by the principle of sustainable value creation,” Ambani stated.
Reliance Industries currently owns 66.43 percent of the paid-up equity share capital of Jio Platforms Limited (JPL), while Meta and Google together hold 17.71 percent of the remaining 33.57 percent stake in JPL.
Analysts speculate that the Jio IPO could potentially become the largest public offering to date, with valuations estimated between USD 130 billion and USD 180 billion.
For the fiscal year ending March 2026, Jio Platforms reported a 15 percent increase in profit after tax, amounting to Rs 30,053 crore, compared to Rs 26,120 crore in the previous year. Additionally, the company’s annual revenue from operations rose by 14.5 percent to Rs 1,46,885 crore in FY26, up from Rs 1,28,218 crore in FY25.
Published on May 29, 2026.
