Jio to Drive Reliance’s Next Growth Phase Across AI, Cloud and Connectivity
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has positioned Jio Platforms as the core driver of the group’s next phase of growth, highlighting its role across artificial intelligence, cloud computing, connectivity, and digital services.
In his message to shareholders in Reliance’s FY26 annual report, Ambani said Jio will be at the forefront of the global digital revolution as industries, technologies, and supply chains are reshaped by data and AI.
“From connecting India to empowering India, Jio is now poised to help lead India into the digital future,” Ambani said.
Jio IPO Plans Gain Momentum
The comments come as Jio Platforms prepares for its much-anticipated public listing, which could become one of India’s largest-ever IPOs.
According to reports, the company is reviewing its IPO structure, with discussions around a possible fresh issue instead of a pure offer-for-sale. Jio is also in talks with global technology firms, sovereign wealth funds, and private equity investors regarding valuation and participation.
Earlier reports suggested the IPO could raise around $4 billion at a valuation of $200–240 billion, although the final structure is yet to be decided.
Ambani is expected to provide an update on the listing plans during Reliance’s upcoming annual general meeting.
AI, Energy and Consumer Businesses Form Growth Pillars
Ambani also outlined Reliance’s broader strategy around AI, clean energy, and consumer businesses.
Through Reliance Intelligence, the group plans to build sovereign AI infrastructure and democratise access to AI for consumers, enterprises, and institutions, with Jio serving as the backbone for deployment.
Reliance is simultaneously expanding its Green Energy Giga Complex, covering solar manufacturing, energy storage, and hydrogen projects, while businesses such as Reliance Retail and JioHotstar continue strengthening its commerce and media ecosystem.
Financially, Jio Platforms reported a 13% year-on-year increase in net profit to ₹7,935 crore in Q4 FY26, while revenue rose 12.6% to ₹38,259 crore.