Bankers have reportedly valued Reliance Jio Platforms Ltd as high as $170 billion, positioning it among India’s top three companies by market capitalization. The valuation comes ahead of a potential IPO in 2026, which could be the country’s largest public offering to date.
Reliance Industries Ltd’s digital and telecom arm, Jio Platforms Ltd, is being valued by bankers between $130 billion and $170 billion, according to Bloomberg. If finalized, this valuation would make Jio the second most valuable Indian company after Reliance Industries itself, surpassing Bharti Airtel.
The anticipated IPO, expected in the first half of 2026, could unlock significant investor interest and set new benchmarks for India’s capital markets. Jio’s valuation is driven by its expansive subscriber base, robust digital ecosystem, and strategic investments in 5G, AI, and cloud infrastructure.
Analysts note that Jio’s diversified revenue streams—from telecom to digital services and enterprise solutions—make it a compelling growth story. The IPO is also expected to enhance transparency and governance, aligning with global investor expectations.
Major Takeaways
- Bankers value Jio Platforms between $130–$170 billion
- IPO expected in H1 2026, potentially India’s largest
- Jio could become India’s second most valuable company
- Valuation driven by telecom, digital, and enterprise growth
- Strategic investments in 5G, AI, and cloud infrastructure
Sources: Bloomberg News, CNBC Awaaz