Reliance Jio IPO Planned for First Half of 2026, Says Mukesh Ambani

Reliance Industries Ltd (RIL), India’s most valuable company, has announced plans to take its telecom arm, Reliance Jio Infocomm Ltd, public by the first half of 2026. The move, revealed at RIL’s 48th annual general meeting by Chairman Mukesh Ambani, is set to mark one of the largest and most anticipated stock market listings in the country.

“Today, it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals,” Ambani told shareholders. The listing is expected to unlock significant value for RIL’s 4.4 million investors while offering global markets direct exposure to India’s leading telecom operator.

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Since its commercial debut in 2016, Jio has redefined India’s telecom landscape. By offering cheap data plans and free voice calls, the company captured more than 500 million subscribers — a base larger than the combined populations of the US, UK, and France. Jio’s affordable services spurred India’s digital adoption, supporting the rapid growth of UPI payments and enabling a thriving startup ecosystem.

The company has also delivered the world’s fastest 5G rollout, extending its reach beyond telecom into smart homes, enterprise digitisation, and AI-based consumer services. Ambani noted that Jio’s future roadmap involves connecting every Indian household with mobile and broadband, launching smart home solutions, expanding enterprise services, and advancing an “AI Everywhere for Everyone” vision with global ambitions.

Strong Financials Ahead of Listing

In FY25, Jio posted revenue of ₹1.28 lakh crore and EBITDA of ₹64,170 crore, highlighting its scale and profitability. Analysts believe that an IPO will not only unlock value within Reliance but also provide investors worldwide with an opportunity to participate in India’s digital transformation story.

For RIL, this step reflects the broader strategic shift underway. In recent years, the conglomerate has evolved from its oil-to-chemicals legacy into a consumer and technology powerhouse. Jio Platforms attracted over $20 billion in investments in 2020 from marquee names such as Facebook, Google, and sovereign wealth funds, strengthening its balance sheet and digital ecosystem.

Conclusion: Milestone for Shareholders and Succession

Ambani presented the proposed IPO as a significant financial and symbolic event that will reward shareholders and solidify Reliance's position in consumer technology and artificial intelligence-driven services going forward.  Additionally, the move coincides with a leadership change inside the company, as the Ambani family's next generation assumes more responsibility across several businesses.

 If Jio's listing goes as planned, it would be one of the most significant initial public offerings (IPOs) in India's market history, highlighting Reliance's shift to a digital-first business.