Archive · 9 Oct 2026
Jio IPO Puts Cloud and AI Growth Plans in Focus
Jio is a large company that provides phone and internet services in India.
It is preparing to sell shares to the public through an IPO.
The company already serves more than 524 million customers.
It wants to offer more than phone and internet connections.
Its plans include cloud services, technology for businesses and artificial intelligence tools.
Jio hopes its large network and customer base will help these services grow.
The IPO will let investors examine the company’s finances and plans.
It is not yet clear how much its newer services will contribute to future growth.
Jio Platforms is preparing for a proposed IPO expected to open on October 21, with reports citing a target of about Rs 37,700 crore.
Proceeds are expected to be used primarily to repay borrowings at telecom subsidiary Reliance Jio Infocomm, according to reports.
As of March 31, 2026, Jio served 524.4 million customers, including 268.5 million 5G users.
Jio is expanding into cloud, enterprise technology and AI, with offerings including private 5G, cybersecurity, IoT and its JioBrain platform.
Jio Platforms reported fiscal 2026 revenue of Rs 1,46,885 crore and profit after tax of Rs 30,049 crore.
- Who
- Jio Platforms, a Reliance Industries subsidiary, and its telecom subsidiary Reliance Jio Infocomm.
- What
- Jio Platforms is preparing a proposed IPO while pursuing growth in cloud computing, enterprise technology and AI.
- When
- The IPO is expected to open on October 21; the article does not specify the year.
- Where
- India.
- Why
- The company is seeking to expand beyond mobile connectivity and build additional services on its network and customer base.
- Reported IPO target
- About Rs 37,700 crore, or approximately $3.8 billion.
- Expected IPO opening
- October 21; year not specified.
- Customers
- 524.4 million as of March 31, 2026.
- 5G users
- 268.5 million as of March 31, 2026.
- Home broadband customers
- 27.1 million across JioFiber and JioAirFiber.
- Fiscal 2026 revenue
- Rs 1,46,885 crore.
- Fiscal 2026 profit after tax
- Rs 30,049 crore.