RELIANCE JIO infocomm Limited
RELIANCE JIO infocomm Limited
Subsidiary of Reliance Industries
Industry Telecommunications
Founded 15 February 2007; 13 years ago
Founder Mukesh Ambani
Maker Chambers IV, 222 Nariman Point, Mumbai, Maharashtra
Key people
Mukesh Ambani
Sandip Das
(Managing Director)
Revenue Increase 18,632 crore (US$2.6 billion)
(31 March 2020) [1]
Increase 3,631.2 crore (US$510 million)
(Q4 2019)[2][3]
Increase 1,148 crore (US$160 million)
(FY 2019)[2][3]
Total assets Increase 187,720 crore (US$26 billion)
(FY 2019)[2][3]
Total equity Increase 70,864 crore (US$9.9 billion)
(FY 2019)[2][3]
Members 389.11 million [4][1][5]
(30 April 2020)
Parent Jio Platforms[6]
Subsidiaries LYF

Jio soft launched on 27 December 2015 with a beta for partners and employees,[9][10] and became publicly available on 5 September 2016. As of 31 December 2019, it is the largest mobile network operator in India and the third largest mobile network operator in the world with over 387.5 million subscribers.[1]

In September 2019, Jio launched a fiber to the home service, offering home broadband, television, and telephone services. Since April 2020, Reliance Industries has raised 152,056 crore (US$21 billion) by selling 32.97% equity stake in Jio Platforms.[11]

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