Jio, formally known as Reliance Jio Infocomm Limited, is an Indian telecommunications company under Reliance Industries, launched in 2016. It disrupted India’s telecom market by offering ultra-affordable data plans and free voice calls, rapidly gaining millions of users and bringing high-speed internet access to a broader population. Jio’s 4G network covers nearly the entire country, and it has expanded into other sectors, including digital services, entertainment, and financial technology, with products like JioTV, JioCinema, JioMart, and JioFiber broadband. The company also pioneered affordable 4G feature phones with the JioPhone, making internet access accessible to millions of rural and low-income users. Jio’s aggressive pricing strategy and extensive service portfolio have revolutionised India’s digital landscape, leading to rapid adoption and widespread internet penetration.
By offering inexpensive data plans and free voice calls, They attracted millions of subscribers in record time, quickly establishing itself as a market leader in India’s telecom industry. This expansion not only increased their revenue but also bolstered the valuation of Reliance Industries, as the company diversified its digital and telecommunications offerings. Their success led to substantial investments from global companies like Facebook, Google, and Qualcomm, who sought stakes in Jio Platforms. These strategic investments greatly increased both Reliance Industries’ market cap and Mukesh Ambani’s wealth, propelling him to become one of the wealthiest individuals globally.