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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.
Jio was soft launched on 27 December 2015 with a beta for partners and employees, [9] [10] 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 46.72 crore (467.2 million) subscribers.
In 2024, Jio Financial Services opened a subsidiary called Jio Leasing Services Ltd, an unrelated leasing services business. [11] The subsidiary's first customer was another promoter owned company, Reliance Retail. [12] This was a massive $4.4 billion deal and some commentators saw it as a way to prop up the revenue of the promoter's retail ...
How Reliance Jio Platforms became India’s biggest telecom network. It’s raised $5.7 billion from Facebook. It’s taken $1.5 billion from KKR, another $1.5 billion from Vista Equity Partners ...
The broadband service, called Jio Fiber, is aimed at individual customers, small and medium-sized businesses as well as enterprises, Mukesh Ambani, chairman and managing director of Reliance ...
In the last three weeks, Reliance Jio Platforms has announced plans to sell about 13.4% stake in the firm to Facebook, private equity firm Silver Lake, and Vista Equity Partners for about $8 billion.
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Currently there are more than 8,600 Reliance Digital and 1,800 My Jio stores in around 800 cities in India in addition to an online presence. [5] [6] The stores are spread across the states of Andhra Pradesh, Delhi, Uttar Pradesh, Gujarat, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal, Telangana, Orissa, Assam, Bihar, and Jharkhand ...