Mukesh Ambani Announces Reliance Jio IPO for 2026, Launches AI ‘Kamdhenu’

Mumbai — Reliance Industries Chairman Mukesh Ambani on Friday said that Reliance Jio will launch its Initial Public Offering (IPO) in the first half of 2026. The announcement was made during the company’s 48th Annual General Meeting.

Ambani confirmed that Jio has surpassed 500 million subscribers ahead of its 10th anniversary. He outlined five priorities before the IPO, including nationwide digital connectivity, household services, business digitisation, global expansion, and an “AI Everywhere for Everyone” initiative.

As part of its AI push, Reliance launched a new subsidiary, Reliance Intelligence, to build AI-ready, green energy-powered data centres in Jamnagar. The unit will focus on delivering affordable AI services in education, healthcare and agriculture.

For FY25, Jio reported revenue of ₹1,28,218 crore ($15 billion), up 17 per cent year-on-year, with EBITDA at ₹64,170 crore ($7.5 billion).

On the media front, JioHotstar has emerged as the world’s second-largest streaming platform with 300 million paid subscribers and over 600 million users within three months of launch.