Jio Making Arrangements To File For IPO, Aims To List By H1 2026, Says Mukesh Ambani

Mukesh Ambani, Chairman and MD of Reliance Industries, said at the company’s 48th AGM on Friday that Jio is preparing for its IPO and plans to be listed by mid-2026.

“Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first-half of 2026, subject to all necessary approvals," Ambani said.

Jio reported a revenue of Rs 1,28,218 crore ($15 billion) in FY25, up 17% from last year, with an EBITDA of Rs 64,170 crore ($7.5 billion). Ambani said these numbers show the strong value Jio has created and the even bigger potential ahead.

“I assure you that this will demonstrate that Jio is capable of creating the same quantum of value like our global counterparts. I am sure that it will be a very attractive opportunity for all investors," Ambani said.

“Today, I am proud to share with you that the Jio family has crossed 500 million customers. The 500-million milestone is a symbol of your unwavering trust and support. I offer my heartfelt gratitude to each and every one of you," said the Reliance CMD.

Ambani said Jio’s future plans are bold and built on five key promises. Jio aims to connect every Indian through mobile and home broadband, while also equipping households with digital services like Jio Smart Home, JioTV+, Jio TV OS, and seamless automation. 

It will help businesses go digital with simple, scalable, and secure platforms. At the same time, Jio plans to drive India’s AI revolution with its vision of “AI Everywhere for Everyone.” Beyond India, Jio also plans to expand globally, taking its home-grown technology to the world.

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Akash Ambani, who spearheads Jio, said, “Jio is where I began my professional journey, faced challenges, learned lessons, and found my purpose. I have grown with Jio, and to see it come into its own as an independent company is both humbling and exhilarating because Jio is a part of me. Chairman Sir, I want to thank you for your trust, your vision, and your guidance. I assure you that Jio is on the path to build on your vision with renewed energy and unwavering resolve to serve India’s digital future."