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Jio Platforms information


Jio Platforms Ltd.
Company typeSubsidiary
IndustryTechnology
Founded2019; 5 years ago (2019)
FounderMukesh Ambani
HeadquartersNavi Mumbai, Maharashtra,
India
Area served
Worldwide
Key people
Aakash Ambani
(Chairman & MD)
Products
  • Telecommunications
  • E-commerce
  • Payment system
  • Mass media
  • Streaming television
  • Smartphones
  • Online services
  • Instant messaging
  • Virtual reality[1]
RevenueIncrease 117,805 crore (US$15 billion) (2024)[2]
Operating income
Increase 26,780 crore (US$3.4 billion) (2024)[2]
Net income
Increase 20,372 crore (US$2.6 billion) (2024)[2]
Total assetsIncrease506,248 crore (US$63 billion)(2023)[2]
Owners
  • Reliance Industries (67.03%)
  • Strategic investors (18.26%)
  • Private equity firms (9.38%)
  • Sovereign wealth funds (5.33%)
ParentReliance Industries
Subsidiaries
  • Jio
  • JioFiber
  • JioMart
  • Jio Payments Bank
  • JioSaavn
  • Jio TV
  • Jio Studios
  • Haptik
  • EasyGov
  • Radisys
  • Reliance Infratel Limited
Websitewww.jio.com

Jio Platforms is an Indian multinational technology company, headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Reliance Industries. Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance.[3]

Since April 2020, Reliance Industries has raised 152,056 crore (US$19 billion) by selling 32.97% equity stake in the company.[4] In August 2021, it was ranked 155th on the 2021 Fortune Global 500 list of world's biggest corporations.[5]

  1. ^ "Jio Glass faces an uphill ride as virtual/mixed realty products remain niche". Retrieved 18 June 2020.
  2. ^ a b c d "AR_2022-2023". Reliance Industries Limited.
  3. ^ Kalyanaraman, Anand. "The financial engineering behind the Great Jio Fund-raise". Business Line. Retrieved 31 January 2021.
  4. ^ "Google to invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms". The Economic Times. Retrieved 15 July 2020.
  5. ^ "Reliance slips 59 places on Fortune list, SBI jumps 16 notches". Retrieved 2 August 2021.

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