Reliance Jio Platforms, led by billionaire Mukesh Ambani, has decided to postpone its planned IPO for 2025, Reuters reported, citing sources familiar with the matter. The company aims to strengthen its valuation by expanding revenue and subscriber growth before going public.
Currently valued at over $100 billion by analysts, Jio draws nearly 80% of its $17.6 billion annual revenue from its telecom arm, Reliance Jio Infocomm — India’s largest telecom operator. However, the company is aggressively pushing into digital sectors, including app development, AI solutions, and connected devices.
As per the same report, sources, who declined to be named due to the confidential nature of the strategy, also revealed that Reliance has not yet appointed any bankers to discuss a potential stock market offering.
Jio is gearing up to compete with Elon Musk’s Starlink, which is expected to enter the Indian market soon. Backed by tech giants Google and Meta, and in partnership with Nvidia to develop AI infrastructure, Jio is laying the groundwork to become a full-fledged digital powerhouse.
Reliance did not respond to Reuters’ queries regarding the IPO delay.
