Reliance Industries Limited Chairman Mukesh D Ambani is evaluating pathways to broader stakeholder participation in Jio Platforms as the timeline set by him for the company's initial public offerings (IPO) nears.
During the Annual General Meeting of RIL in August 2025, Ambani set the timeline of the first half of 2026 for listing Jio.
Ambani, in RIL's annual report published on Thursday, said the company is taking deliberate steps to strengthen Jio's institutional framework, enhance transparency and prepare it for opportunities ahead as the digital services evolve into a global technology leader.
"We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio's long-term growth, always guided by the principle of sustainable value creation," Ambani said.
RIL holds 66.43 per cent of the paid-up equity share capital of Jio Platforms Limited (JPL). Meta and Google hold 17.71 per cent of the balance, 33.57 per cent in JPL.
Analysts estimate that the Jio IPO can be the biggest public offer to date at a valuation in the range of USD 130 billion to USD 180 billion.
For the year ended March 2026, Jio Platforms posted a 15 per cent increase in profit after tax to Rs 30,053 crore compared to Rs 26,120 crore recorded a year ago.
The annual revenue from operations of the company increased 14.5 per cent to Rs 1,46,885 crore during FY26 from Rs 1,28,218 crore in FY25.
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