Jio Platforms
| Company type | Subsidiary |
|---|---|
| Industry | Telecommunications, E-commerce, Digital payments, Mass media, Streaming television, Cloud gaming, Smartphones, Online services, Instant messaging, Virtual reality |
| Founded | 2019 |
| Founder | Mukesh Ambani |
| Headquarters | Navi Mumbai , India |
Area served | India |
Key people | Mukesh Ambani (Founder), Akash Ambani (Chairman), Kiran Thomas (CEO) |
| Products | Telecommunications, Jio, JioMoney, JioMart, JioTV, JioSaavn, JioChat, JioMeet, JioGamesCloud, JioSphere, JioSwitch, JioNews, JioHome, JioGate, JioCloud, JioSecurity, JioHealthHub, JioPOS Lite, JioGameslite, JioSafe, JioGauSamriddhi, JioKrishi |
| Owner | Reliance Industries |
| Parent | Reliance Industries |
| Website | www |
Jio Platforms Limited is a multinational technology enterprise based in Mumbai, India. Operating as a subsidiary of Reliance Industries, it was founded in 2019 to serve as the parent company for India's leading mobile network operator, Jio, along with other digital ventures under Reliance.
In 2020, Jio Platforms secured substantial funding by divesting a 32.97% equity share to international investors such as Meta, Google, and various private equity firms. This injection of capital facilitated rapid growth across sectors including telecommunications, e-commerce, digital payments, streaming media, and cloud gaming.
By August 2021, Jio Platforms had achieved the 155th position on the Fortune Global 500 ranking, underscoring its swift expansion and influential market role.
The company’s portfolio encompasses products and services in Telecommunications, E-commerce, Payment system, Mass media, Streaming television, Cloud gaming, Smartphones, online services, Instant messaging, and Virtual reality. Headquartered in Navi Mumbai, Jio Platforms is led by founder Mukesh Ambani, with Akash Ambani serving as Chairman and Kiran Thomas as CEO.
Financial data for 2025 reports revenues of , operating profits of , and net earnings of .
History
The telecom service Jio was initially introduced on 27 December 2015 through a beta release targeted at partners and employees, followed by a public launch on 5 September 2016. It stands as India’s largest mobile network provider and ranks third worldwide, boasting over 426 million users. In September 2019, Jio expanded its offerings by launching a fibre-to-the-home service that delivers broadband internet, television programming, and telephone connectivity.
In October 2019, Reliance Industries established a fully owned subsidiary to consolidate its digital operations, including Jio, named Jio Platforms in November 2019. The ₹1.08 lakh crore debt associated with Jio was transferred to Reliance Industries, which received preferential shares in Jio Platforms. This corporate restructuring was designed to maintain the digital businesses within a debt-free framework.
Between April and July 2020, Jio Platforms attracted major investments from global technology giants and private equity groups. Facebook acquired a 9.99% stake for ₹43,574 crore; Silver Lake contributed ₹5,650 crore for a 1.15% share; General Atlantic invested ₹6,599 crore securing 1.34%; KKR purchased 2.32% for ₹11,367 crore; Mubadala committed ₹9,094 crore for 1.85%; Abu Dhabi Investment Authority obtained a 1.16% stake for ₹5,684 crore; TPG invested ₹4,547 crore for 0.93%; L Catterton added ₹1,895 crore for a 0.39% share; Saudi Arabia’s Public Investment Fund acquired a 2.32% stake for ₹11,367 crore; Intel took a 0.39% holding for ₹1,894 crore; Qualcomm invested ₹730 crore gaining 0.15%; and Google purchased a 7.7% equity share for ₹33,737 crore.
In June 2021, Jio Platforms introduced the Android-based smartphone JioPhone Next to the Indian market.
February 2022 saw the formation of a joint venture between Jio Platforms and satellite operator SES named Jio Space Technology Limited. This partnership aims to provide broadband speeds up to 100 Gbit/s throughout India utilizing SES’s geostationary and medium Earth orbit satellites. Ownership is split with Jio holding 51% and SES owning the remaining 49%.
In December 2023, Jio Studios exited production on upcoming Akshay Kumar films Hera Pheri 3 and Welcome to the Jungle following disagreements over payment terms.
At Reliance’s 47th annual general meeting held in August 2024, chairman Mukesh Ambani introduced the Artificial Intelligence initiative JIO Brain.
Consumer platforms
- Jio, provider of broadband and telecommunications services
- JioMoney, platform for digital payments and currency
- JioMart, online grocery delivery service (collaborating with Reliance Retail)
- Jio applications:
- JioTV, streaming service for live television
- JioSaavn, platform for music streaming
- JioChat, instant messaging application
- JioMeet, platform for video conferencing
- JioGamesCloud, cloud-based gaming service
- JioSphere, internet browser
- JioSwitch, application for file transfer
- JioNews, aggregator for newspapers and magazines
- JioHome, remote control app for Jio set-top boxes
- JioGate, security application designed for apartment complexes
- JioCloud, cloud storage solution
- JioSecurity, application focused on device security
- JioHealthHub, health management companion app
- JioPOS Lite, app enabling recharge commission earnings
- JioGameslite, online gaming platform
- JioSafe, voice and video communication app introduced in 2024 for 5G-enabled devices
- JioGauSamriddhi, IoT-based solution for cattle and dairy management
- JioKrishi, agricultural IoT platform assisting farmers with decision support
Enterprise platforms
- JioMeet tailored for business use
- JioGST
Acquisitions and investments
A number of firms acquired by Reliance Industries are now incorporated within Jio Platforms:
| Company | Sector | Investment Amount | Ownership Percentage |
|---|---|---|---|
| Haptik | Conversational AI platform | $100 million | 87% |
| Embibe | AI-driven educational technology | $180 million | 72.69% |
| Radisys | Telecom technology provider | $75 million | 100% |
| Fynd | E-commerce and internet marketplace | $15 million | 87% |
| EasyGov | Services enhancing citizen convenience | $10 million | 83% |
| SankhyaSutra Labs | Simulation technology services | 83% | |
| C-Square | Pharmaceutical technology platform | 82% | |
| KareXpert | Digital health services platform | ₹10 crore | |
| Videonetics | Video surveillance technology solutions | ||
| Covacsis Technologies | Internet of Things (IoT) solutions provider | ||
| NEWJ | Media startup venture | ₹5 crore | |
| Two Platforms | Artificial reality (Metaverse) technology | 25% |
See also
Further reading
- Mukesh Ambani acquires a 38.5% stake in Extramarks Education, broadening Reliance's footprint in the edtech sector.