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Jio Platforms

In this article we will analyze Jio Platforms from different perspectives with the aim of providing a comprehensive view on this topic. Jio Platforms is a topic of great relevance today, and its importance extends to various areas, from the personal to the professional sphere. Throughout this text we will explore its origins, evolution, impact and possible future repercussions. In addition, we will delve into its most notable and controversial aspects, trying to shed light on this complex and constantly evolving topic. With attention to the different approaches and opinions that exist around Jio Platforms, we aim to offer a complete and enriching vision for the reader.

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Not to be confused with Jio.

Jio Platforms Limited
Company typeSubsidiary
IndustryTechnology
Founded2019 (2019)
FounderMukesh Ambani
HeadquartersNavi Mumbai, Maharashtra,
India
Area served
Worldwide
Key people
Akash Ambani
(Chairman)
Kiran Thomas
(CEO)
Products
RevenueIncrease ₹128,218 crore (US$15 billion) (2025)
Increase ₹64,170 crore (US$7.6 billion) (2025)
Increase ₹26,109 crore (US$3.1 billion) (2025)
Total assets63,000,000,000 United States dollar (2023) Edit this on Wikidata
Owners
ParentReliance Industries
Subsidiaries
Websitewww.jio.com
Footnotes / references
Financials as of 31 March 2025.[3]

Jio Platforms Limited is an Indian multinational technology company, headquartered in Mumbai. 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.[4]

In 2020, Jio Platforms raised ₹152,056 crore (US$20.52 billion) in exchange for 32.97% equity stake in the company.[5][6] In August 2021, it was ranked 155th on the 2021 Fortune Global 500 list of world's biggest corporations.[7]

History

Further information: Jio § History

The telecom network Jio was soft-launched on 27 December 2015 with a beta for partners and employees,[8][9] and became publicly available on 5 September 2016. It is the largest mobile network operator in India and the third largest mobile network operator in the world with over 42.62 crore (426.2 million) subscribers.[10] In September 2019, Jio launched a fibre to the home service, offering home broadband, television, and telephone services.

In October 2019, Reliance Industries announced the creation of a wholly owned subsidiary for its digital businesses including Jio. In November 2019, the subsidiary was named Jio Platforms. The ₹1.08 trillion (US$15.34 billion) liability of Jio was transferred to Reliance and in turn Reliance received preferential shares of Jio Platforms.[11][12] According to some observers, the restructuring was done to keep the digital businesses of the group within a debt-free entity.[13]

In April 2020, Facebook acquired a 9.99% stake in Jio Platforms for ₹435.74 billion (US$5.88 billion).[14] According to this deal, while Jio Platforms retained ₹149.76 billion (US$2.02 billion), the parent company got the remaining ₹285.98 billion (US$3.86 billion) for redeeming the optionally convertible preference shares it held in the subsidiary.[13]

In May 2020, private equity firm Silver Lake Investors obtained a 1.15% stake with a ₹56.5 billion (US$762.49 million) investment in the company.[15] But unlike the previous transaction, the entire investment in this case was retained by Jio Platforms.[13] General Atlantic then announced that it would invest ₹65.988 billion (US$890.53 million) in Jio Platforms for a 1.34% stake in the company.[16] American private equity firm KKR acquired a 2.32% stake in Jio Platforms for ₹113.67 billion (US$1.53 billion).[17]

In June 2020, Emirati sovereign fund Mubadala confirmed that it would acquire a 1.85% stake in the company for ₹90.936 billion (US$1.23 billion).[18] Silver Lake increased its stake to 2.08% with an additional ₹45.47 billion (US$613.63 million) investment.[19] Abu Dhabi Investment Authority then bought a 1.16% stake in the company for ₹56.84 billion (US$767.08 million).[20] On 13 June, TPG took stake in Jio Platforms of 0.93% worth ₹45.468 billion (US$613.61 million).[21] L Catterton also made an investment of ₹18.945 billion (US$255.67 million) for a 0.39% stake.[22]

In June 2020, Saudi Arabia's Public Investment Fund confirmed that it would acquire a 2.32% stake in the company for ₹113.67 billion (US$1.53 billion).[23] In July 2020, Intel confirmed that it would acquire a 0.39% stake in the company for ₹1.89 billion (US$25.51 million).[24] In July 2020, Qualcomm confirmed that it would acquire a 0.15% stake in the company for ₹7.30 billion (US$98.52 million).[25] This was followed by Google purchase of 7.7% stake in the company for ₹337.37 billion (US$4.55 billion).[26]

In June 2021, Jio Platforms unveiled their Android smartphone named JioPhone Next, with plans to launch in India by September 2021.[27]

In February 2022, Jio Platforms formed a joint venture with satellite operator SES. The newly formed Jio Space Technology Limited will deliver broadband services in India of up to 100 Gbit/s capacity using SES's SES-12 high-throughput geostationary satellite and the O3b mPOWER medium Earth orbit satellite constellation, to extend JPL's terrestrial network, enhancing access to digital services in unconnected areas within India and the region. JPL and SES will own 51% and 49% equity stake respectively in the new company.[28]

In December 2023, Jio Studios decided to back out of producing upcoming Akshay Kumar movies Hera Pheri 3 and Welcome to the Jungle.[29]

In the companies 47th annual general meeting chairman Mukesh Ambani unveiled the Artificial Intelligence platform JIO Brain.[30]

Businesses

Consumer platforms

  • Jio, telecommunications and broadband services
  • JioMoney, digital currency and payments services[31]
  • JioMart, online grocery delivery services (partnership with Reliance Retail)[32]
  • Jio apps
    • JioTV, live TV streaming app
    • JioSaavn, online music streaming service[33]
    • JioChat, messaging app[34]
    • JioMeet, video-conferencing platform[35]
    • JioGamesCloud, Jio's cloud gaming service[36]
    • JioSphere, web browser[37]
    • JioSwitch, file sharing app[38]
    • JioNews, newspaper and magazine app[39]
    • JioHome, mobile remote control for Jio set-top box[40]
    • JioGate, apartment security app[41]
    • JioCloud, cloud storage services[42]
    • JioSecurity, security app[43]
    • JioHealthHub, health companion[44]
    • JioPOS Lite, Jio recharge commission earning app[45]
    • JioGameslite, online gaming[46]
    • JioSafe, voice and video calling app[47][48]
    • JioGauSamriddhi, IoT enabled cattle and dairy management[49][50]
    • JioKrishi, agri IoT services[51]
    • JioNews, news aggregator[52]

Enterprise platforms

Acquisitions and investments

Several companies acquired by Reliance Industries are now under Jio Platforms:[56]

Name Type Amount Stake Ref
Haptik AI-based conversational platform $100 million 87% [57]
Embibe AI-based educational platform $180 million 72.69% [58]
Radisys Telecommunication technology $75 million 100% [59]
Fynd[60] Internet marketplace platforms, E-commerce $15 million 87% [60]
EasyGov[61] Citizen convenience services $10 million 83% [61]
SankhyaSutra Labs Simulation services 83% [62]
C-Square Pharmaceutical technology platform 82% [63][64]
KareXpert Digital healthcare platform ₹10crore [65]
Videonetics Video surveillance technology [66]
Covacsis Technologies IOT [67]
NEWJ[68] Media ₹5crore [69]
Two Platforms Artificial reality 25% [70]

See also

References

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