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Jio Platforms Targets Massive IPO as Cloud and AI Drive Growth
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Firstpost•09-10-2026, 13:30
Jio Platforms Targets Massive IPO as Cloud and AI Drive Growth
- •Jio Platforms is preparing for what could be India's largest initial public offering, expected to open on October 21 to raise around Rs 37,700 crore.
- •The telecom giant's upcoming growth phase focuses heavily on cloud computing, enterprise technology, and artificial intelligence beyond mobile connectivity.
- •Jio served 524.4 million customers as of March 2026, including 268.5 million 5G users and 27.1 million home broadband connections.
- •New technologies like the JioBrain platform for AI and JioCloud PC are designed to diversify revenue streams across consumer and enterprise markets.
- •In fiscal 2026, Jio Platforms reported revenue of Rs 1,46,885 crore and a profit after tax of Rs 30,049 crore.
Key Questions Answered
The Jio IPO is expected to open on October 21, with the company reportedly aiming to raise around Rs 37,700 crore, or about $3.8 billion.
The proceeds from the initial public offering are expected to be used primarily to repay borrowings at Jio's telecom subsidiary, Reliance Jio Infocomm.
As of March 31, 2026, Jio's operating subsidiary served 524.4 million customers, which included 268.5 million 5G users.
