Reliance Industries is planning to take its telecom and digital arm Jio Platforms public by mid-2026, chairman Mukesh Ambani told its annual general meeting (AGM) on Friday.
He outlining a new timeline for the long-delayed listing of a company valued at more than $100 billion. Ambani had first announced plans in 2019 to list Jio within five years. On Friday, he told shareholders that the company is preparing to file for an IPO next year.
Jio Platforms houses India’s largest telecom operator, Reliance Jio Infocomm, which has over 50 crore subscribers. Backed by investors including Meta, Google and KKR, Jio has been central to Ambani’s push to transform Reliance beyond oil and chemicals into consumer, retail and technology, with AI now being positioned as a major growth pillar alongside overseas expansion.
Reliance is also investing $8.8 billion in its chemicals business, expects retail sales to grow at nearly 10 percent annually on a like-for-like basis, and plans to add 2,000–3,000 stores every year.
Analysts say Jio is not being fully valued within Reliance’s broader petrochemicals and retail portfolio, and a separate listing could help unlock higher value.