During the 47th annual general meeting of Reliance Industries Limited (RIL) on August 29, 2024, Chairman Mukesh Ambani highlighted Jio’s remarkable achievements over the past eight years.
“Jio has transformed India into an inclusive premium digital society in eight short years. We have democratized digital services, making them accessible to every citizen and business nationwide,” he said.
Ambani emphasized how Jio has played a pivotal role in transforming India into a premium digital society, making digital services accessible to every citizen and business nationwide. This transformation has positioned India as the world’s largest data market, with Jio now handling nearly 8 percent of global mobile traffic, surpassing many global operators.
Jim’s Commitment to Affordability and Service Quality
Ambani noted that Jio’s commitment to affordability has been a critical factor in its success. The telecom giant offers data services at one-fourth of the global average and just 10 percent of those in developed countries, making its services accessible to all.
This approach has democratized digital access in India and set new global service quality benchmarks. Jio’s mobile subscriber base has grown to 490 million, with each customer using over 30GB of data per month, driving a 33 percent increase in data traffic over the past year.
In addition to its mobile services, Jio has made significant strides in in-home services, now serving nearly 30 million customers across its digital broadband and television services. This expansion has made Jio one of the largest digital service providers in the country.
“We have also made significant strides in in-home services, with nearly 30 million home customers across our digital broadband and television services. This makes us one of the largest digital service providers,” he said.
jio’s Technological Advancements and Financial Strength
Jio has also become a trusted partner for over a million small and medium businesses in India and 80 percent of the country’s top 5,000 large enterprises. At the core of Jio’s success is its entirely homegrown 5G technology stack, developed by its engineers to meet India’s unique needs.
This end-to-end solution has proven itself nationally, establishing Jio as a deep-tech innovator.
Over the past year, Jio welcomed more than 43 million new subscribers to its broadband services, contributing to revenue that surpassed Rs 1,000,000 crore. The company’s profits exceeded Rs 20,000 crore, and its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 50.1 percent.
These achievements have placed Jio Platforms among the top 12 companies in India regarding net profits, underscoring the company’s financial strength and operational excellence.
Jio is now one of India’s most extensive patent holders in mobile connectivity technology, with over 350 patents in 5G and 6G technologies. The company’s workforce of nearly 18,000 professionals has mastered cutting-edge technologies, building and operating industry-leading solutions that continue to drive Jio’s success.
