Ambani Pegs Jio As AI-Cloud Backbone; $200-240 Bn IPO Targeted For H1 2026

Mukesh Ambani frames Jio Platforms as the engine for Reliance's next AI, cloud and digital services phase, with Reliance Retail and JioHotstar as consumer pillars. Q4 FY26 net profit rose 13% YoY to ₹7,935 Cr on ₹38,259 Cr revenue. A $4 Bn Jio IPO at $200-240 Bn valuation is slated for H1 2026, structure under revision.

Mukesh Ambani frames Jio Platforms as the engine for Reliance's next AI, cloud and digital services phase, with Reliance Retail and JioHotstar as consumer pilla

Inc42 · 5/29/2026, 7:08:58 AM · Ask about this →

Reliance Industries + JioHotstar + Jio Platforms + Reliance Intelligence + Reliance Retail +