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  4. Jio
Jio logo
Technology & Software

Who Owns Jio?

Jio is owned by Jio Platforms Limited (JPL), a subsidiary of Reliance Industries Limited (NSE/BSE: RELIANCE), India's largest company by market capitalization. Jio operates as Reliance's telecommunications and digital services division, serving over 524 million subscribers as of June 2026. JPL reported quarterly revenue of Rs 44,928 crore in Q4 FY26 and is preparing for an IPO expected to be among India's largest ever. Reliance Industries is headquartered in Mumbai, Maharashtra, India.

Parent Company

Reliance Industries Limited

Founded

2016

Status

Publicly Traded

Headquarters

Mumbai, Maharashtra, India

Jio Timeline

1966
Reliance Industries Limited

Parent company established in Mumbai, Maharashtra, India

Company Founded
2016

Jio

Founded by Mukesh Ambani

Founded
budgetmass marketAsia PacificOfficial Website

Who Owns Jio?

  • Parent Company: Reliance Industries Limited
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: BSE: RELIANCE
BrandParent CompanyOwnership Type
JioReliance Industries LimitedWholly owned

History of Jio

  • Founded: 2016
  • Founders: Mukesh Ambani

Reliance Industries entered India's telecommunications market in 2016 with the launch of Jio on September 5, 2016. Jio introduced 4G services at prices dramatically lower than existing competitors, offering free voice calls and data at approximately Rs 50 per GB when rivals charged Rs 250 or more. Reliance had invested billions of dollars in building Jio's infrastructure, including spectrum acquisition, network deployment, and technology development, starting from 2010.

Jio's launch disrupted India's telecommunications industry. Within 83 days of launch, Jio acquired 50 million subscribers, the fastest ramp-up for any telecom operator globally. Competitors including Bharti Airtel, Vodafone Idea, and BSNL were forced to reduce prices and accelerate their own 4G rollouts. Jio crossed 100 million subscribers in February 2017 and 300 million by mid-2019.

In 2020, Jio Platforms attracted approximately $20 billion in investments from global technology companies and private equity firms. Meta invested Rs 33,737 crore for a 9.99% stake in JPL, making it the largest investment for a minority stake by a technology company anywhere in the world at the time. Google invested Rs 33,737 crore for a 7.73% stake and announced plans to jointly develop an Android-based smartphone called JioPhone Next.

Jio expanded beyond mobile services into broadband with JioFiber, launched commercially in September 2019, offering high-speed fiber internet to homes and businesses. The company also developed digital platforms including JioCinema (video streaming), JioSaavn (music streaming), and JioMart (e-commerce). In 2022, Jio launched JioAirFiber, a 5G-based fixed wireless access service, reaching 14 million subscribers by June 2026.

Jio began its 5G rollout in October 2022, using a standalone 5G architecture entirely built on indigenous technology. By June 2026, Jio had 285 million 5G subscribers, making it the largest 5G operator outside China. India became the second-largest 5G market globally, driven primarily by Jio's deployment. Jio surged into the global top 20 in the Patent Co-operation Treaty (PCT) rankings released by WIPO in 2025, climbing 320 places.

In April 2026, Mukesh Ambani confirmed Jio Platforms is advancing toward an IPO. The offering is expected to be among India's largest ever, though the exact issue size and timeline have not been finalized.

About Reliance Industries Limited

What does Reliance Industries own?

Reliance Industries owns four primary business segments: Oil to Chemicals (including the Jamnagar refinery, one of the world's largest, with FY2025-26 revenue of ₹6,62,401 crore), Oil and Gas Exploration and Production (including the KG-D6 block), Retail (through Reliance Retail, India's largest retailer with 20,000+ stores, operating Reliance Fresh, Reliance Digital, Reliance Trends, and JioMart), and Digital Services (through Jio Platforms, including Jio telecommunications with 524 million subscribers, JioCinema, JioSaavn, and JioAirFiber).

Is Reliance Industries publicly traded?

Yes, Reliance Industries Limited is listed on both the Bombay Stock Exchange and the National Stock Exchange of India under ticker RELIANCE. The company has been publicly listed since 1977. The Ambani family holds approximately 50% of Reliance's shares through various holding companies and trusts, giving them effective control. The remaining shares are held by institutional investors and public shareholders. Jio Platforms also has minority shareholders including Meta, Google, and other global investors.

Who founded Reliance Industries?

Reliance Industries was founded by Dhirubhai Hirachand Ambani in 1966 in Mumbai, India, initially as a trading company. Dhirubhai Ambani built Reliance into one of India's largest industrial conglomerates through investments in textiles, petrochemicals, and refining. He died in July 2002. His son Mukesh Ambani subsequently became Chairman and Managing Director and has led the company's expansion into retail and digital services.

What is Reliance's revenue?

For FY2025-26 (ended March 31, 2026), Reliance reported consolidated revenue of ₹11,75,919 crore ($124.0 billion), up 9.8% year over year. EBITDA was ₹207,911 crore ($21.9 billion), up 13.4%, and net profit was ₹95,754 crore ($10.1 billion), up 17.8%. The company announced a dividend of ₹6 per share. Capital expenditure for the year was ₹144,271 crore ($15.2 billion).

How many subscribers does Jio have?

Jio had over 524 million total subscribers as of March 2026, including 268 million 5G mobility subscribers. Jio is also the largest fixed wireless access operator globally, with approximately 13 million premises connected by JioAirFiber. Jio carried over 241 exabytes of data traffic during FY2025-26. Jio Platforms generated FY2025-26 revenue of ₹1,76,164 crore ($18.6 billion), up 14.3%, with EBITDA of ₹76,560 crore ($8.1 billion).

How many stores does Reliance Retail operate?

Reliance Retail operates over 20,000 stores across India as of March 2026. The business has 387 million registered customers and processed 1.93 billion transactions in FY2025-26. Reliance Retail generated gross revenue of ₹3,71,085 crore ($39.1 billion) in FY2025-26, up 12.1% year over year, with EBITDA of ₹27,034 crore ($2.9 billion). The business has entered strategic brand partnerships with Stella McCartney, Kurt Geiger, Max and Co, and Fabletics.

Who owns Reliance Industries?

Reliance Industries Limited is publicly traded on the BSE and NSE, but the Ambani family holds approximately 50% of the company's shares through various holding companies and trusts, giving them effective control. Mukesh Ambani, son of founder Dhirubhai Ambani, serves as Chairman and Managing Director. The remaining approximately 50% of shares are held by institutional investors and public shareholders. Jio Platforms has minority shareholders including Meta, Google, Silver Lake, Vista Equity Partners, and Intel.

  • Founded: 1966
  • Headquarters: Mumbai, Maharashtra, India
  • Company Type: Publicly Traded
  • Stock: BSE: RELIANCE
  • Revenue: approximately ₹11,75,919 crore ($124.0 billion, FY2025-26)
  • Employees: Approximately 236,000

Visit Reliance Industries Limited website

View full company profile for Reliance Industries Limited

Where Is Jio Made / Based?

  • Headquarters: Mumbai, Maharashtra, India

Jio Categories & Tags

Telecommunications4g5gBroadbandDigital Services

Jio Sustainability & Ethics

Jio does not hold independently verified sustainability certifications from third-party bodies. The brand's sustainability activities are governed by Reliance Industries' corporate-level commitments.

Reliance Industries has announced major investments in green energy, with plans to establish comprehensive clean energy value chains covering solar modules, batteries, green hydrogen, and sustainable aviation fuel. These are corporate-level initiatives, not specific to Jio.

Jio has implemented distributed solar photovoltaic (PV) systems at its tower sites. Between April 2023 and December 2023, Jio installed PV systems at 20,340 tower sites, generating 119,020 MWh of green energy and reducing emissions by 84,504 tCO2e. This data was reported through a GSMA case study.

On digital inclusion, Jio's affordable 4G and 5G services have connected hundreds of millions of Indians to the internet, including in rural and underserved areas. Per capita data consumption on Jio's network reached 43.7 GB per month in Q1 FY27. The company's low-cost JioPhone devices have enabled smartphone access for price-sensitive consumers.

Jio does not publish brand-specific carbon reduction targets, recyclable equipment commitments, or other quantified environmental goals separate from Reliance Industries' corporate sustainability reports.

Awards & Recognition

  • Opensignal Network Awards (2026): Jio was named India's best telecom network by Opensignal, winning the majority of network experience awards including 5G performance awards.
  • Brand Finance Global-500 (2024): Jio was ranked as the strongest Indian brand in Brand Finance's Global-500 2024 report, reflecting its brand value and market strength.
  • WIPO PCT Rankings (2025): Jio Platforms surged into the global top 20 in the Patent Co-operation Treaty rankings, climbing 320 places, making it one of the fastest-rising innovators globally.
  • Ookla Speedtest: Jio consistently ranks as India's #1 network based on Ookla's Speedtest Intelligence data.
  • 5G Deployment Recognition: Jio's 5G rollout, reaching 285 million 5G subscribers by June 2026, has been recognized as one of the fastest 5G deployments worldwide. India is the second-largest 5G market globally.

Jio Recalls & Controversies

TRAI Spam Control Fines (2024): The Telecom Regulatory Authority of India (TRAI) imposed fines on Jio and other major telecom operators for failing to curb spam calls and messages. In December 2024, TRAI levied fines totaling Rs 12 crore, with cumulative penalties reaching Rs 141 crore across the industry. Jio argued that spam originates from businesses and telemarketers, not telecom companies.

Bank Guarantee Recovery Actions: TRAI requested the Department of Telecommunications (DoT) to recover unpaid spam control fines by invoking telecom companies' bank guarantees. As of early 2025, a DoT decision on bank guarantee recovery remained pending.

Cybersecurity Rules Opposition (2025): In September 2025, an RTI revelation showed that Reliance Jio opposed including telecom service misuse within India's cybersecurity rules. Jio argued that draft rules exceeded the legislative scope of the Telecommunication Act, 2023, by addressing fraud and impersonation at the application layer, which Jio contended was beyond telecom providers' control.

IPO Timeline Uncertainty: Jio's IPO, initially planned for the first half of 2026, faced regulatory delays. Mukesh Ambani confirmed in April 2026 that JPL is advancing toward listing, but the exact timeline remains uncertain, creating investor frustration.

ARPU Lag Behind Competitors: Jio's ARPU of Rs 215.6 remains below Bharti Airtel's approximately Rs 245, partly due to promotional unlimited 5G plans that allow users to consume data at no additional cost. Analysts have noted that Jio has not fully captured the revenue benefit of its July 2024 tariff hikes.

Market Concentration Concerns: Jio's dominant market position, with nearly 40% of India's wireless subscribers, has raised concerns about market concentration and competitive dynamics in Indian telecommunications.

Jio Ownership: Pros & Cons

Advantages

  • +Backed by Reliance Industries' financial resources and infrastructure, with FY26 gross revenue of approximately $124 billion
  • +524 million subscribers make Jio India's largest telecom operator by a wide margin
  • +285 million 5G subscribers, largest 5G operator outside China
  • +Integrated digital ecosystem spanning telecom, broadband, streaming, e-commerce, and financial services
  • +Global investor backing from Meta, Google, Intel, Qualcomm, Silver Lake, KKR, and others
  • +JPL IPO expected to unlock significant shareholder value and provide public market currency for growth

Considerations

  • -ARPU of Rs 215.6 lags behind competitor Bharti Airtel's approximately Rs 245 due to promotional 5G plans
  • -Regulatory oversight from TRAI and DoT, including spam control fines and cybersecurity rule disputes
  • -JPL IPO timeline remains uncertain despite April 2026 confirmation of plans
  • -Heavy capital expenditure required for continuous network expansion and 5G rollout
  • -Market concentration concerns with nearly 40% wireless market share
  • -Competition from Bharti Airtel, which is gaining higher-paying subscribers

Frequently Asked Questions About Jio

Sources & Further Reading

  • Reliance Industries Q4 FY26 Media Release
  • Reliance Industries Investor Relations
  • Jio Official Website
  • Economic Times: Jio Q1 FY27 Results
  • Economic Times: Jio Q4 FY25 Results
  • TelecomTalk: Reliance Jio Subscriber Data June 2026
  • TRAI Telecom Subscription Data
  • Opensignal India Mobile Network Experience Report
  • Brand Finance Global-500 2024
  • GSMA Case Study: Solarisation at Reliance Jio
  • Wikidata: Jio

Competitors to Jio

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
SkySky
Comcast
United Kingdom
1990
PremiumEuropeAll Genders
XfinityXfinity
Comcast
USA
2010
Mass marketUnited statesAll Genders

Learn More About Competitors

SkyMedia Entertainment

Sky

Owned by Comcast Corporation

European telecommunications and media company owned by Comcast Corporation, providing television, broadband, and telephone services across the UK, Ireland, Germany, Austria, and Italy.

telecommunicationstelevisionbroadband
XfinityTechnology Software

Xfinity

Owned by Comcast Corporation

American telecommunications brand providing cable television, high-speed internet, digital voice, and home security services, owned by Comcast Corporation.

telecommunicationscable-televisioninternet

Competitive Analysis

Market Positioning: Jio competes with 2 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

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JumpJumpVPNTechnology Software

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Owned by Unknown Company

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Independent

JumpJumpVPN is privately owned, unlike Jio which is under a publicly traded parent company.

MapFactor NavigatorTechnology Software

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Free GPS navigation app for Windows, Android, and iOS using OpenStreetMap data, developed by MapFactor in Prague.

navigationmappinggps
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MapFactor Navigator is privately owned, unlike Jio which is under a publicly traded parent company.

CamScannerTechnology Software

CamScanner

Owned by INTSIG Information Co., Ltd.

Mobile document scanning app with OCR capabilities, owned by INTSIG Information Co., Ltd. of Shanghai, China.

document-scanningmobile-appocr
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CapCutTechnology Software

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Mobile and desktop video editing app developed by ByteDance in 2020, reaching over 300 million monthly active users globally.

video-editingsocial-mediamobile-app
Privately Owned

CapCut is privately owned, unlike Jio which is under a publicly traded parent company.

ChatGPTTechnology Software

ChatGPT

Owned by OpenAI

Artificial intelligence chatbot developed by OpenAI, based on the GPT (Generative Pre-trained Transformer) language model series.

artificial-intelligencechatbotlanguage-model
Privately Owned

ChatGPT is privately owned, unlike Jio which is under a publicly traded parent company.

EventbriteTechnology Software

Eventbrite

Owned by Bending Spoons S.p.A.

Event management and ticketing platform acquired by Bending Spoons on March 10, 2026 for $500 million. In FY2025, Eventbrite hosted 4.6 million events, issued 258 million tickets, and generated over $3.0 billion in gross ticket sales with net revenue of $291.8 million.

ticketingeventssoftware
Privately Owned

Eventbrite is privately owned, unlike Jio which is under a publicly traded parent company.

Reliance Industries Limited Stock Information

Jobs at Reliance Industries Limited

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team