Jio Platforms

Jio Platforms
Company typeSubsidiary
IndustryTechnology
Founded2019; 5 years ago (2019)
FounderMukesh Ambani
HeadquartersNavi Mumbai, Maharashtra,
India
Area served
Worldwide
Key people
Akash Ambani
(Chairman)
Kiran Thomas
(CEO)
Products
RevenueIncrease 117,805 crore (US$14 billion) (2023)[2]
Increase 26,780 crore (US$3.2 billion) (2023)[2]
Increase 20,372 crore (US$2.4 billion) (2023)[2]
Total assetsIncrease 506,248 crore (US$61 billion)(2023)[2]
Owners
  • Reliance Industries (67.03%)
  • Strategic investors (18.26%)
  • Private equity firms (9.38%)
  • Sovereign wealth funds (5.33%)
ParentReliance Industries
Subsidiaries
Websitewww.jio.com

Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai, India. It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance.[3] Since April 2020, Reliance Industries has raised 152,056 crore (US$18 billion) by selling a 32.97% equity stake in the company.[4] In August 2021, it was ranked 155th on the 2021 Fortune Global 500 list of the world's biggest corporations.[5]

  1. ^ "Jio Glass faces an uphill ride as virtual/mixed realty products remain niche". Archived from the original on 20 September 2022. Retrieved 18 June 2020.
  2. ^ a b c d "AR_2022-2023". Reliance Industries Limited. Archived from the original on 30 May 2023. Retrieved 21 April 2023.
  3. ^ Kalyanaraman, Anand. "The financial engineering behind the Great Jio Fund-raise". Business Line. Archived from the original on 8 February 2021. Retrieved 31 January 2021.
  4. ^ "Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms". The Economic Times. Archived from the original on 17 January 2021. Retrieved 15 July 2020.
  5. ^ "Reliance slips 59 places on Fortune list, SBI jumps 16 notches". Archived from the original on 22 July 2024. Retrieved 2 August 2021.