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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
A decade after Reliance Industries chairman Mukesh Ambani launched Jio and disrupted the Indian telecom industry by slashing prices, he is listing the telecom major with a dramatically different pitch—as a tech-led company with a valuation that not only beats local but also global peers.
Ambani wants investors to believe Jio Platforms is more than a telecom company. “The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value,” he told shareholders at Reliance’s 49th annual general meeting (AGM) last week.
To be sure, Jio’s FY26 numbers …
