Incorporated on November 15, 2019, Jio Platforms Limited is a technology company focused on digital connectivity, digital services and technology-led solutions in India. The Company has developed proprietary digital technology and pan-India connectivity infrastructure to support the delivery of digital services to consumers and businesses. Its subsidiary, Reliance Jio Infocomm Limited, served 533.3 million customers as of June 30, 2026.The Company operates through an integrated technology platform encompassing digital connectivity, consumer applications, enterprise solutions, cloud services, Internet of Things (IoT) and artificial intelligence (AI). Its consumer offerings include mobile and fixed broadband, digital entertainment, cloud storage, virtual PC services and smart home solutions. For businesses, it provides enterprise connectivity, cloud and security solutions, managed services, IoT applications and AI-based solutions. The Company’s proprietary technology capabilities span network infrastructure, device engineering, software, operating systems and digital applications.
The Company’s infrastructure includes pan-India 4G and 5G connectivity, fibre connectivity across more than 1,200 facilities and over 100 edge nodes within its networks as of June 30, 2026. Its wireless broadband network covered more than 99% of India’s population. The Company and its subsidiaries had filed 7,220 patent applications, of which 1,043 had been granted, as of June 30, 2026. Its technology initiatives include an indigenous 5G technology stack, proprietary AI platform JioBrain and fixed wireless access technology. The Company also leverages a nationwide distribution network and partnerships to expand access to digital services.
As of June 30, 2026, the Company had 27,932 full-time employees and engaged 63,795 personnel on a contract basis. Its workforce includes teams across digital products and technology development, business operations, sales and distribution, customer service, network operations, and corporate functions.
Competitive Strengths
Jio Platforms Ltd.’s revenue increased by 16% and profit after tax (PAT) rose by 15% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 6,22,905.30 | 6,15,594.00 | 5,81,233.80 | 5,39,580.40 |
| Total Income | 40,197.90 | 1,49,759.10 | 1,29,333.00 | 1,10,175.40 |
| Profit After Tax | 7,764.10 | 30,052.70 | 26,120.30 | 21,434.00 |
| EBITDA | 20,864.50 | 76,255.40 | 64,170.00 | 54,958.70 |
| NET Worth | 3,41,778.50 | 3,34,013.40 | 3,04,022.40 | 2,77,866.10 |
| Reserves and Surplus | 3,32,839.50 | 3,25,074.40 | 2,95,083.40 | 2,68,927.10 |
| Total Borrowing | 61,372.20 | 70,781.00 | 73,060.30 | 54,348.90 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment, in full or in part, of certain outstanding borrowings availed by the Material Subsidiary, namely, RJIL | 27,500.00 |
| 2 | General corporate purposes. | |
| Total | 27,500.00 |
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| RoNW | 2.30% | 9.42% |
| PAT Margin | 19.82% | 20.46% |
| EBITDA Margin | 53.26% | 51.91% |
| NAV | 382.34 | 373.66 |
| P/B (x) | 2.93 | 2.99 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 33.62 | 33.72 |
| P/E (x) | 33.28 | 33.19 |
| IPO Date | 21 to 23 Oct, 2026 |
| Listing Date | Wed, Oct 28, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹1065 to ₹1119 |
| Lot Size | 12 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹54.00 |
| Total Issue Size | 27,00,00,000 shares (agg. up to ₹30,213 Cr) |
| Fresh Issue | 27,00,00,000 shares (agg. up to ₹30,213 Cr) |
| Share Holding Pre Issue | 8,93,90,30,830 shares |
| Share Holding Post Issue | 9,20,90,30,830 shares |
The promoters of the company are Reliance Industries Ltd.
| Share Holding Pre Issue | 64.48% |
| Share Holding Post Issue | 35.52% |
As per our analysis and Based on the information we have, this is the output.
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