3 hrs ago
Reliance Jio Builds Technology Stack Ahead of Proposed IPO
Jio is a company that connects many people to the internet.
It wants to offer more than phone and internet service.
Its plans include cloud computing, AI tools, connected devices and broadband for remote places.
Jio hopes its large customer base will help people discover and use these services.
In FY26, the company reported revenue of Rs 1,46,885 crore and net profit of Rs 30,049 crore.
It has filed paperwork for a possible IPO, which means it may offer shares to the public.
A news report described a possible October schedule, but that plan had not been confirmed.
Investors will watch whether Jio can grow its newer businesses and earn money from them.
Jio Platforms' DRHP was filed with India's Sebi on June 19, 2026, as the company prepares for a proposed IPO.
Jio reported 524.4 million customers and 268.5 million 5G subscribers as of March 31, 2026.
The company is expanding from telecom into cloud computing, AI, connected devices, satellite broadband and enterprise technology.
FY26 revenue from operations was Rs 1,46,885 crore, EBITDA was Rs 76,255 crore and net profit was Rs 30,049 crore.
Reuters reported a possible October 21 IPO launch and October 28 listing, but the timeline and offering details were unconfirmed.
- Who
- Reliance Jio and its parent company, Jio Platforms.
- What
- Jio is expanding beyond telecom into AI, cloud computing, devices, satellite broadband and enterprise technology as it prepares for a proposed IPO.
- Where
- India.
- When
- Jio Platforms filed its DRHP on June 19, 2026; Reuters reported a possible IPO launch on October 21 and listing on October 28, without confirmation.
- Why
- The company aims to use its large customer base and connectivity infrastructure to grow digital services beyond traditional telecommunications.
Growth opportunities
Risks and uncertainties
Expanding beyond telecom
Growth opportunities
Jio's network and customer base could help it distribute cloud, AI, connected-device and enterprise services and create new growth opportunities.
Risks and uncertainties
The articles say the financial contribution of these newer businesses depends on customer adoption and monetisation.
New technology services
Growth opportunities
Cloud computing, satellite broadband and AI may extend access to digital services and support businesses and consumers.
Risks and uncertainties
Adoption and viability depend on factors including pricing, service quality, device compatibility, consumer demand and satellite economics.
Proposed IPO
Growth opportunities
The proposed offering could bring investor attention to Jio's scale, profitability and broader technology portfolio.
Risks and uncertainties
The reported October IPO schedule was not confirmed, and investors will assess capital requirements and execution risks.
Key facts
- Customers
- 524.4 million
- 5G subscribers
- 268.5 million as of March 31, 2026
- Wireless data traffic
- Jio carried approximately 60% of India's wireless data traffic in FY26
- Home broadband customers
- 27.1 million as of March 31, 2026
- FY26 revenue from operations
- Rs 1,46,885 crore
- FY26 net profit
- Rs 30,049 crore
- DRHP filing
- Filed with the Securities and Exchange Board of India on June 19, 2026
Sources
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