Jio at 10: 512M subscribers and 9,000 digital stores anchor Reliance's $180B IPO pitch
Ahead of RIL's June 19 AGM and an imminent $4B DRHP filing, Jio's decade-long buildout — 512.58M subs, ARPU ₹214, FY26 revenue ₹1.47 lakh cr — now underwrites a retail-digital flywheel spanning JioMart, 9,000 stores and 1M merchant partners. Valuation talk: $130-180B.
Reliance Jio marks 10 years ahead of RIL's June 19 AGM, with a $4 billion IPO DRHP filing imminent. Jio operates 9,000 digital stores, JioMart, and works with 1 million merchant partners, underpinning Reliance's broader retail-digital ecosystem.