Jio Platforms (JPL), the parent company of Jio and other digital ventures under the Reliance umbrella, has distinguished itself as one of India’s top 12 companies. In its first quarter of FY25, JPL reported a substantial 11.7% year-over-year increase in net profit, reaching $684.7 million (Rs. 5,698 crore), thanks to robust subscriber growth.
At the announcement, Jio Platforms CEO, Mr. Ambani, revealed that the telecom giant has completed its nationwide 5G rollout, signaling a forthcoming decline in related capital expenditures. The company now boasts over 130 million 5G users, with its network encompassing more than 85% of the country’s 5G radio cells. Mr. Ambani also underscored Jio’s strategic emphasis on expanding its home broadband sector, with a goal to onboard 1 million new customers each month. Currently, Jio serves nearly 30 million home broadband and digital TV customers.
The JioAirFiber service, introduced last October and leveraging 5G technology, quickly attracted 1 million customers in its initial six months and another 1 million within the subsequent 100 days. Holding an 8% share of global data traffic, Reliance Jio has solidified its position as the world’s largest data company, making India the largest data market globally.
Mr. Ambani noted that Jio has become the leading global mobile data provider within just eight years. The company’s dedication to affordability is evident, with data prices at a quarter of the global average and just 10% of those in developed countries. On average, Jio’s 490 million customers use over 30 GB of data monthly, driving a 33% rise in the company’s data traffic over the past year.
