Reliance Jio, India’s largest telecom operator and a unit of Reliance Industries Ltd, plans to launch its IPO and list on stock exchanges in the first half of 2026, according to Chairman Mukesh Ambani. Speaking at Reliance’s annual shareholder meeting, Ambani confirmed that preparations are underway, with necessary approvals pending. Now in its 10th year, Jio has surpassed 500 million users. Ambani said the IPO will showcase Jio’s ability to match the value creation of global peers, calling it an attractive opportunity for investors.
Though he didn’t specify the size of the offering, markets expect a 10% stake to be listed. Currently, Reliance owns 66.3% of Jio Platforms, with Meta and Google holding 10% and 7.7% respectively. Analysts estimate Jio’s valuation between $136–154 billion, potentially making it the sixth-largest global telecom company.
In Q1FY26, Jio Platforms posted a 25% YoY rise in net profit to ₹7,110 crore, driven by higher user growth and data usage. With revenue at ₹41,054 crore and EBITDA up nearly 24%, Ambani highlighted Jio’s expanding digital footprint, global ambitions, and its push to drive India’s AI revolution with homegrown tech.
