Reliance Industries to List Jio In First Half Of 2026

Reliance Industries Ltd. (RIL) said it plans to list its telecommunications arm Reliance Jio Infocomm Ltd. in the first half of 2026, Chairman and Managing Director Mukesh Ambani announced at the company’s 48th annual general meeting Friday.
Ambani said the listing would demonstrate that Jio is capable of creating value on par with its global peers. He also highlighted that Jio’s technology is now ready to expand globally, adding that the company has laid the foundation of India’s artificial intelligence revolution with its 5G rollout.

For the June quarter, Jio reported a net profit of ₹67.11 billion on revenue of ₹308.82 billion. Its operating margin improved 90 basis points sequentially to 28.9%. Jio serves more than 500 million customers, more than the combined population of the US, the UK, and France, Chairman Akash Ambani said. He added that Jio remains the only operator in India capable of activating gigabit-speed internet within 24 hours nationwide.

The company also announced new products and services. Akash Ambani unveiled JioPC, which can convert any screen into an AI-ready computer, and JioFrames, an AI-powered wearable that supports multiple Indian languages and offers calling, music, meetings, and podcasts. He added that Jio AI Cloud, already used by more than 40 million Indians, provides 100 GB of free storage for secure backup. On the entertainment front, he said JioHotstar is now the world’s second-largest streaming platform with 300 million subscribers.

Mukesh Ambani also spoke about the macroeconomic environment, saying India could sustain 10% annual growth with the right reforms, advanced manufacturing, and focus on deep tech, even as the Reserve Bank of India projects GDP growth of 6.5% for 2025-26. He said India’s rise is “unstoppable” despite global uncertainty and that RIL remains one of the country’s largest job creators.