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Tag: Jio Platforms Ltd

  • Jio Platforms rides the 5G wave: revenues, profits, and ambitions soar in FY’25

    Jio Platforms rides the 5G wave: revenues, profits, and ambitions soar in FY’25

    MUMBAI: Reliance’s digital juggernaut, Jio Platforms Limited (JPL), wrapped up FY25 in style, clocking quarterly revenues of Rs 39,853 crore, up 17.8 per cent year-on-year, and an EBITDA surge of 18.5 per cent to Rs 17,016 crore. The subscriber base swelled to 488 million, with over 191 million True 5G users, as India’s data appetite drove traffic to an eye-watering 185 exabytes – a 24 per cent jump.

    Average revenue per user (ARPU) climbed to Rs 206.2, thanks to tariff hikes and a posher customer mix. Net profit rose a muscular 25.8 per cent to Rs 7,023 crore for the quarter ended March 2025, fuelled by strong EBITDA flow-through and despite a modest uptick in depreciation and finance costs.

    Jio’s operating revenue (net of GST) grew on the back of mobility tariff hikes and a surge in home broadband and digital services. EBITDA margins stayed a steady 50.1 per cent, while churn was the industry’s lowest at 1.8 per cent. Data consumption hit a per capita monthly average of 33.6 GB, with total data traffic rising nearly 20 per cent year-on-year.

    Jio signed an agreement with SpaceX to retail Starlink broadband in India, pending regulatory green lights. It also rolled out a cricket season blitz – free JioHotstar and JioFiber/AirFiber deals to woo mobile and home users alike.

    The telco flexed its tech muscle at the Mahakumbh mela, handling 400 million data service requests and 20 million voice calls on peak days without breaking a sweat. In parallel, partnerships with AMD, Cisco, Nokia, and Ericsson are fuelling its next big play: an Open Telecom AI Platform designed to slash operational costs and turbocharge network efficiency using cutting-edge agentic AI.

    Jio’s IP prowess didn’t go unnoticed either, with wins at the National Intellectual Property Awards and the World Intellectual Property Organization (WIPO) Trophy, further burnishing its credentials as India’s poster child for homegrown innovation.

    Reliance Jio Infocomm chairman Akash M Ambani summed it up, saying: “Jio continues to drive consistent outperformance with best-in-the-world network technologies and a wide bouquet of digital services. Our work at the Mahakumbh and plans to enable large-scale AI infrastructure reaffirm our commitment to serving India’s digital future.”

  • Jio Platforms engages Gurpreet Phull as head-content & alliances

    Jio Platforms engages Gurpreet Phull as head-content & alliances

    MUMBAI: He’s been at Jio Platforms Ltd (JPL) for the past three months and Gurpreet Phull has kept his joining the MDA group company low-key. Today, however, he came out and announced  on Linkedin that he is “on a new journey. This time for the larger impact, to the new revolution” as head – content & alliances, JioTV Os, Jio App Store, Jio Homes and Jio Devices.

    He has been on the content distribution and alliances side for the past decade. Beginning May 2015 till February 2019 at Bharti Airtel as  lead- content alliances and acquisition strategy- DTH and mobile TV app, he was one of the founding members of Airtel Xtream. Moving on he joined Dish TV from February 2019 to November 2021 as head product marketing and content marketing strategy. He heeded the call from OTTPlay CEO & founder Avinash Mudaliar to head partnerships and growth at HT Digital Streams and he stayed there for three years until the JPL offer came his way.

    However, the B.Tech and IIM-C post graduate, began his working life as a software engineer at BirlaSoft and then worked in Raymond for almost four years, first, as a senior management trainee for a year and a half ,and then straightaway in the CEO’s office as his executive assistant. He also had a nine-month spell  at Myntra which gave him exposure to the ecommerce world. 
     

  • TV9 Network partners with JioTV/ JioTV+

    TV9 Network partners with JioTV/ JioTV+

    Mumbai: TV9 Network, India’s largest television news network, has joined forces with JioTV & JioTV+, a LIVE TV streaming service owned by Jio Platforms Ltd, a subsidiary of Reliance Industries. This strategic alliance is set to magnify TV9 Network’s presence in the realm of connected TV and mobile streaming platform, ushering in a new era of television viewing characterised by enhanced enrichment and seamlessness, all driven by cutting-edge technology.

    As part of this collaboration, seven premium channels from TV9 Network are live on JioTV and JioTV+, offering an extensive range of news, entertainment, and infotainment programming to JioTV and JioTV+’s vast and diverse user base. The channels include TV9 Bharatvarsh, TV9 Telugu, TV9 Kannada, TV9 Marathi, TV9 Gujarati, TV9 Bangla, and the network’s latest English offering News9.

    JioTV is a LIVE TV streaming platform with over 1000 channels in over 15 languages and 12 genres and hosts content from over 200 broadcasters. JioTV offers LIVE TV along with a seven-day catch up which can be consumed on mobile phones and tablets with Jio sim cards for free. JioTV+ on the other hand is the connected device for TV screens that runs on JioFiber and wifi offering the best OTT packages alongside the linear channels. With an extensive user base that spans urban and rural areas, this is an ideal partnership for TV9 Network to reach a wider and more diverse audience. This partnership promises to strengthen the connection between TV9 Network and its viewers, providing them with easy access to the network’s rich content offerings.

    Talking about the collaboration, TV9 Network chief growth officer (broadcasting & digital) Raktim Das said: “With cutting edge content and robust distribution, TV9 Network has disrupted news media industry in the country. This collaboration aligns perfectly with our mission to bring credible, informative, and engaging content to viewers across the country. The fact that all our 7 channels are now available on JioTV and JioTV+ platform reflects our unwavering commitment to keeping our viewers informed and connected.”

    With both entities committed to delivering top-notch news content to a broader and more diverse audience, Das added: “Our collaboration with JioTV & JioTV+ is a testament to our dedication to innovation and customer-centricity. We believe this strategic alliance will not only help us expand our footprint but also provide our viewers with unparalleled convenience and access to their favorite TV9 Network channels. We are excited about the future prospects of this partnership and look forward to creating compelling content for our new and existing viewers.”

  • ADIA to invest Rs 5683.5 cr in Jio Platforms

    ADIA to invest Rs 5683.5 cr in Jio Platforms

    MUMBAI: Reliance Industries Ltd and Jio Platforms Ltd announced an investment of Rs 5,683.50 crore by a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. ADIA’s investment will translate into a 1.16 per cent equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.

    Jio Platforms, a wholly-owned subsidiary of Reliance Industries, is a next-generation technology platform focused on providing high-quality and affordable digital services across India, with more than 388 million subscribers. Jio Platforms has made significant investments across its digital ecosystem, powered by leading technologies spanning broadband connectivity, smart devices, cloud and edge computing, big data analytics, artificial intelligence, Internet of Things, augmented and mixed reality and blockchain. Jio’s vision is to enable a Digital India for 1.3 billion people and businesses across the country, including small merchants, micro-businesses and farmers so that all of them can enjoy the fruits of inclusive growth.

    Established in 1976, ADIA is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. ADIA manages a global investment portfolio that is diversified across more than two dozen asset classes and sub-categories.

    Reliance Industries chairman and MD Mukesh Ambani said, “I am delighted that ADIA, with its track record of more than four decades of successful long-term value investing across the world, is partnering with Jio Platforms in its mission to take India to digital leadership and generate inclusive growth opportunities. This investment is a strong endorsement of our strategy and India’s potential.”

    ADIA executive director of the private equities department Hamad Shahwan Aldhaheri  said: “Jio Platforms is at the forefront of India’s digital revolution, poised to benefit from major socio-economic developments and the transformative effects of technology on the way people live and work. The rapid growth of the business, which has established itself as a market leader in just four years, has been built on a strong track record of strategic execution. Our investment in Jio is a further demonstration of ADIA’s ability to draw on deep regional and sector expertise to invest globally in market leading companies and alongside proven partners.”

    The transaction is subject to regulatory and other customary approvals.

    Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners, and Davis Polk & Wardwell acted as legal counsel.