“The Board of Jio Platforms has approved its DRHP, and it will be filed with SEBI today,” said Mukesh Ambani, CMD, Reliance Industries Ltd (RIL).

Speaking at the Annual General Meeting in Mumbai on Friday (June 19, 2026), Mr. Ambani said “This is a deeply emotional moment for me, for the entire Reliance Family, and millions of its shareholders.”

The relationship Reliance shares with its shareholders is “a deep and sacred relationship founded on pride, trust, respect, and shared growth” — a commitment deeply personal to Dhirubhai Ambani and equally sacred to mr, Mr Ambani said.

Akash, Isha, and Anant are heading the Jio IPO process and will lead the next generation of value creation opportunities in the future, he said while addressing the company’s AGM.

“The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value,” said Mr Ambani.

“I assure you, and all prospective new investors, that a brighter future awaits Jio,” he added.

Mr. Ambani said the next chapter of Jio’s growth would be powered by Five Commitments.

First is to make JioTrue5G the foundation of India’s next big digital leap.

“Our dedicated network slicing will enable a new tier of high-performance connectivity for consumers and enterprises. Our cyclic beam-formed cell design significantly enhances coverage and capacity at high-footfall locations. Our target is to migrate all subscribers to 5G by 2030 while advancing India’s leadership position in 6G standards,” he told shareholders.

Second, to take high-speed home broadband to every part of India through JioAirFiber, Mr. Ambani said.

“Our new non-line-of-sight capability has dramatically expanded the reach of home broadband to locations where fibre was never viable. Over 90% of JioAirFiber installations are completed within 24 hours, and home connections are now growing at a phenomenal rate of up to 60,000 per day. Per capita data usage has reached 42.3 GB per month, one of the highest in the world,” he stated.

“This number will only grow as Jio migrates more Indians to 5G and as AI-enabled use cases proliferate,” he added.

Third, he said Jio will digitise Indian enterprises and small businesses. The JioPC initiative, which delivers cloud compute to small businesses through a simple Set-Top-Box, brings enterprise-grade technology within reach of every micro, small, and medium business in India.

Fourth, to ensure AI for everyone, everywhere.

“Jio is already embedding AI in consumer technology to deliver a smoother, smarter, and more personalised user experience. AI will make our networks more efficient, our homes more intelligent, our customer service more responsive, and our platforms more useful to every Indian,” he said.

Fifth, to take India’s technology to the world. The proprietary deep-tech stack at Jio, built for 5G, fixed wireless access, and AI services, is now ready for deployment with international partners in select geographies. The technology we built to solve India’s challenges will also serve the world and become a key pillar of our export strategy, Mr Ambani said.

“As we launch more value-added services, such as premium 5G, AI-bundled services, and enterprise solutions, our ARPU will grow significantly,” he added.

Published – June 19, 2026 02:28 pm IST

Reliance Industries Chairman Mukesh Ambani speaks during the 46th Annual General Meeting of Reliance Industries Limited, on August 28, 2023.
| Photo Credit: PTI

Reliance Jio’s 5G services marks the fastest-ever rollout of this scale anywhere in the world, and the company is “on track” to cover the entire country with the ultra high-speed network by December this year, RIL Chairman Mukesh Ambani said on August 28.

JioAirFiber will be launched on Ganesh Chaturthi, September 19, Mr. Ambani said at the 46th AGM of Reliance Industries.

Jio customer base has crossed 450 million. Its 5G network covers 96 per cent of towns and the company is on track to cover the entire country by December.

“Jio’s overall customer base has now crossed the milestone of 450 million subscribers, reflecting a year-on-year revenue growth of over 20 per cent,” he said.

The per-user data consumption on Jio’s network has surged, with the average user now consuming over 25 GB every month.

Mr. Ambani said that Jio was launched seven years ago with a mission to transform India into a Premier Digital Society, and added “we have invested our heart and soul into building a Digital Public Infrastructure which the entire world has begun to admire.” Jio has been the main catalyst of New India’s spectacular digital transformation, he asserted.

“Now our ambitions are even higher — and they go beyond the shores of India, as I shall explain. Let’s first discuss Jio True 5G, our pioneering 5G broadband offering. We began our 5G rollout last October. In just nine months, Jio 5G is already present in over 96 per cent of the census towns of our country,” Mr. Ambani said.

Jio is on track to cover the entire country by December this year.

With over 50 million 5G customers, Jio is already leading in 5G adoption in India, Mr. Ambani said.

“And we are the only company with the capacity to smoothly transition our entire 4G customer base to 5G, with minimal additional capital expenditure. With the growing adoption of Jio 5G, we are also seeing an increasing trend of high-ARPU, post-paid customers choosing Jio as their preferred network,” Mr. Ambani said.