Jio Platforms is an Indian multinational

technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...

, headquartered in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. It is a subsidiary of

Reliance Industries Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the ...

. Established in 2019, it acts as a

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

for India's largest

mobile network operator A mobile network operator (MNO), also known as a mobile network provider, mobile network carrier, mobile , wireless service provider, wireless carrier, wireless operator, wireless telco, or cellular company, is a telecommunications provider of se ...

Jio Reliance Jio Infocomm Limited (d/b/a Jio) is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai. It operates a national LTE (telecommunication), LTE network with coverage across all 22 telecom ...

, and other digital businesses of Reliance. Since April 2020, Reliance Industries has raised by selling a 32.97% equity stake in the company. In August 2021, it was ranked 155th on the 2021 Fortune Global 500 list of the world's biggest corporations.

History

Jio soft-launched on 27 December 2015 with a beta for partners and employees and became publicly available on 5 September 2016. It is the largest mobile network operator in India and the second largest mobile network operator in the world, with over 42.62

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

(426.2 million) subscribers. In September 2019, Jio launched a fibre-to-the-home service, offering home broadband, television, and telephone services. ,

has raised by selling a nearly 33% equity stake in Jio Platforms. Later, continuing as RIL's telecom subsidiary, Infotel Broadband Services Limited was renamed Reliance Jio Infocomm Limited (RJIL) in January 2013. In 2014, Reliance Jio Infocomm, the 4G LTE venture of Reliance Industries (RIL), picked up a stake in Israeli telecom network vendor Airspan Networks. Reliance Jio will also source 4G LTE towers from Airspan to deploy 4G services. In October 2019,

(RI) announced the creation of a wholly-owned subsidiary for its digital businesses, including

. In November 2019, the subsidiary was named Jio Platforms. The liability of Jio was transferred to RIL, and in turn, RIL received preferential shares of Jio Platforms. According to some observers, the restructuring was done to keep the digital businesses of the group within a debt-free entity. In April 2020,

Facebook Facebook is a social media and social networking service owned by the American technology conglomerate Meta Platforms, Meta. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates, Eduardo Saverin, Andre ...

acquired a 9.99% stake in Jio Platforms for . According to this deal, while Jio Platforms retained , the parent company got the remaining for redeeming the optionally convertible preference shares it held in the subsidiary. In May 2020, private equity firm Silver Lake Investors obtained a 1.15% stake with a investment in the company. However, unlike the previous transaction, Jio Platforms retained the entire investment in this case.

General Atlantic General Atlantic, legal main entity General Atlantic Service Company, L.P., (also known as "GA") is an American growth equity firm providing capital and strategic support for global growth companies, headquartered in New York, United States. T ...

then announced that it would invest in Jio Platforms for a 1.34% stake in the company. American private equity firm KKR acquired a 2.32% stake in Jio Platforms for . In June 2020, Emirati sovereign fund

Mubadala Mubadala Investment Company PJSC (), or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established in 2017 when then-named Mubadala Developme ...

confirmed that it would acquire a 1.85% stake in the company for . Silver Lake increased its stake to 2.08% with an additional investment.

Abu Dhabi Investment Authority The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves a ...

then bought a 1.16% stake in the company for . On 13 June, TPG took a stake in Jio Platforms of 0.93% worth .

L Catterton L Catterton is an American multinational private equity firm. Founded in Greenwich, Connecticut in 1989, the fund has made over 250 investments in brands across all segments of the consumer industry. The firm is led by co-CEOs Michael Chu (privat ...

also invested for a 0.39% stake. In June 2020,

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...

Public Investment Fund The Public Investment Fund (PIF; ) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of billion. It was created in 1971 for the purpose of investing funds on be ...

confirmed that it would acquire a 2.32% stake in the company for . In July 2020,

Intel Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and Delaware General Corporation Law, incorporated in Delaware. Intel designs, manufactures, and sells computer compo ...

confirmed that it would acquire a 0.39% stake in the company for . In July 2020,

Qualcomm Qualcomm Incorporated () is an American multinational corporation headquartered in San Diego, California, and Delaware General Corporation Law, incorporated in Delaware. It creates semiconductors, software and services related to wireless techn ...

confirmed that it would acquire a 0.15% stake in the company for . This was followed by

Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial ...

's purchase of a 7.7% stake in the company for . In June 2021, Jio Platforms unveiled their Android smartphone named JioPhone Next, with plans to launch in India by September 2021. In February 2022, Jio Platforms formed a joint venture with satellite operator SES. The newly formed Jio Space Technology Limited will deliver broadband services in India of up to 100 Gbit/s capacity using SES's SES-12 high-throughput

geostationary A geostationary orbit, also referred to as a geosynchronous equatorial orbit''Geostationary orbit'' and ''Geosynchronous (equatorial) orbit'' are used somewhat interchangeably in sources. (GEO), is a circular geosynchronous orbit in altitud ...

satellite and the

O3b mPOWER O3b mPOWER is a communications satellite system owned and operated by SES. The system uses high-throughput and low- latency satellites in a medium Earth orbit (MEO), along with ground infrastructure and intelligent software, to provide multip ...

medium Earth orbit A medium Earth orbit (MEO) is an geocentric orbit, Earth-centered orbit with an altitude above a low Earth orbit (LEO) and below a high Earth orbit (HEO) – between above sea level.

satellite constellation A satellite constellation is a group of artificial satellites working together as a system. Unlike a single satellite, a constellation can provide permanent global or near-global pass (spaceflight), coverage, such that at any time everywhere on E ...

to extend JPL's terrestrial network, enhancing access to digital services in unconnected areas within India and the region. JPL and SES will respectively own 51% and 49% equity stakes in the new company. In December 2023, Jio Studios decided to back out of producing upcoming

Akshay Kumar Akshay Hari Om Bhatia (born Rajiv Hari Om Bhatia; 9 September 1967), known professionally as Akshay Kumar (), is an Indian actor and film producer working in Hindi cinema. Referred to in the media as "Khiladi Kumar", through his career span ...

movies ''Hera Pheri 3'' and ''Welcome to the Jungle''. In Reliance's 47th annual general meeting, chairman

Mukesh Ambani Mukesh Dhirubhai Ambani (born 19 April 1957) is an Indian billionaire and businessman who is the chairman and managing director of Reliance Industries. As of May 2025, he is the richest person in Asia and The World's Billionaires, 13th richest ...

unveiled the artificial intelligence platform, JIO Brain.

Businesses

Consumer platforms

, telecommunications and broadband services *JioMoney, digital currency and payments services * JioMart, online grocery delivery services (partnership with

Reliance Retail Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement ...

) *Jio apps ** JioTV, live TV streaming app **

JioSaavn JioSaavn is an Indian music streaming service and a digital distributor of music in Hindi, Marathi, English, Malayalam, Bengali, Kannada, Tamil, Telugu, Bhojpuri, Punjabi, Chhattisgarhi and other regional languages of India. Since it wa ...

, online music streaming service **JioChat, messaging app **JioMeet, video-conferencing platform **JioGamesCloud, Jio's cloud gaming service **JioSphere, web browser **JioSwitch, file sharing app **JioNews, newspaper and magazine app **JioHome, mobile remote control for Jio set-top box **JioGate, apartment security app **JioCloud, cloud storage services **JioSecurity, security app **JioHealthHub, health companion **JioPOS Lite, Jio recharge commission earning app **JioGameslite, online gaming **JioSafe, voice and video calling app **JioGauSamriddhi, IoT enabled cattle and dairy management **JioKrishi, agri IoT services **JioNews,

news aggregator In computing, a news aggregator, also termed a feed aggregator, content aggregator, feed reader, news reader, or simply an aggregator, is client software or a web application that aggregates digital Content (media), content such as online newsp ...

Enterprise platforms

* JioMeet for Business * JioGST

Acquisitions and investments

RIL has acquired or invested in several companies, which are now under Jio Platforms:

References

External links

* {{Authority control Reliance Industries subsidiaries Indian companies established in 2019 2019 establishments in Maharashtra Companies based in Mumbai Public Investment Fund Kohlberg Kravis Roberts companies