Mumbai, Oct 17: Ahead of its proposed initial public offering (IPO), Jio Platforms has outlined its next phase of expansion, identifying mobility, home broadband and enterprise and international services as its three principal growth engines.
Speaking to journalists in Mumbai, Managing Director Akash Ambani said the company would focus on expanding its customer base, strengthening digital infrastructure and monetising its technology capabilities as India’s digital economy moves towards an estimated $1.4 trillion by FY31.
Jio currently serves around 533 million connectivity customers and carries more than 60 per cent of India’s data traffic.
“The most important unit of our business is our customers,” Ambani said, reiterating the company’s focus on delivering affordable digital services to individuals, households and enterprises.
In the mobility segment, Jio estimates an industry opportunity of around 340 million new 4G and 5G additions between FY26 and FY31. This includes approximately 100 million first-time mobile users and 240 million customers expected to migrate from 2G networks to 4G and 5G services.
The company said it added nearly three times as many net active mobile users as its second-largest competitor in FY26.
Home broadband is another major growth area, with Jio targeting expansion from its existing base of around 28.6 million fixed broadband customers to 100 million homes. The company accounted for approximately 67.5 per cent of India’s net fixed broadband additions in FY26.
Combining fibre connectivity with its proprietary wireless technology, Jio aims to extend its services across nearly 19,000 PIN codes.
The enterprise and international business offers further expansion opportunities. Jio estimates India’s addressable enterprise digital services market at ₹5.1 lakh crore, or $56.8 billion. Nearly 65 per cent of bank branches in the country are connected to its network, alongside its expanding portfolio of security and video surveillance services.
Internationally, Jio plans to offer its end-to-end technology stack in select markets, positioning itself as a managed services partner for global telecom operators rather than merely a software vendor.
Earlier, Isha Ambani highlighted Reliance’s emphasis on long-term thinking, scale, execution and financial discipline. The event opened with Uday Kotak recalling Dhirubhai Ambani and Reliance’s landmark 1977 public offering.
