The biggest telecom provider in India by market share, Jio Infocomm Ltd., has no imminent plans to raise mobile phone rates, defying market predictions. Instead, it wants to increase revenue by encouraging users to use more data. Contrary to market predictions, Reliance Jio Infocomm Ltd, the largest telecom provider in India by market share, has no imminent plans to raise mobile phone rates. Instead, it intends to enhance income by encouraging users to use more data.
In order to boost their average revenue per user (or ARPU, a crucial performance indicator for telecom operators), Jio and its closest rival, Bharti Airtel Ltd., recently scrapped their entry-level plans. The decision raised expectations that the telecom operators would raise tariffs by the end of the year or the beginning of 2026.
Jio’s Monthly ARPU Rose to 1.2%
Jio claims that its monthly average income per subscriber increased 1.2% to INR 211.4 in the September quarter from INR 208.8 at the end of June, with growth slowing as a result of promotional 5G deals. Analysts had predicted that Jio would increase tariffs and concentrate on premium services after removing its entry-level pack in order to catch up to Bharti Airtel, which leads the sector in ARPU (INR 250 at the end of June).
Airtel has not yet released its earnings for the September quarter. In an earnings call with investors, Reliance Jio Infocomm’s head of strategy, Anshuman Thakur, said the company is encouraging customers to spend more and be happy to pay more, but it has no imminent plans to raise tariffs.
Jio Added 8.3 Million Subscribers in September
Jio Net now has 506.4 million mobile subscribers after adding 8.3 million during the September quarter. Jio had 234 million 5G users at the end of September, compared to 213 million during the previous quarter in June. Fifty percent of Jio’s wireless traffic now comes from 5G.
After more than two years, telecom companies finally hiked tariffs in July 2024, with Reliance Jio leading the way with a 12–25% pricing increase. However, Jio has not publicly discussed raising rates, despite Airtel and Vodafone Idea Ltd. being outspoken about the necessity of doing so in order to boost the return on capital employed (RoCE), a metric used to assess profitability and efficiency.
Earlier this month, Gopal Vittal, the managing director and vice chairman of Bharti Airtel, stated at an industry gathering that the company is using the lowest ARPUs and the lowest charge per gigabyte. But it must turn a profit. Actually, Vittal has previously demanded that the telecom price structure be changed in order to charge for more data and reduce the data allotment on certain telecom packs.
Quick Shots
•Reliance
Jio Infocomm Ltd. has no immediate plans to raise mobile phone tariffs
despite market expectations.
•The
company aims to boost revenue by encouraging higher data consumption among
users.
•ARPU
growth slowed due to promotional 5G offers.
•Jio’s
5G users reached 234 million, accounting for 50% of total wireless traffic.
According to reports, tech titan Apple and Reliance Jio have teamed up to provide Jio customers Rich Communication Services (RCS) texting on iPhones.
According to ET’s story, which cited sources, this partnership will enable Jio customers on iPhones to send iMessage-style “blue tick” RCS texts with interactive features, read receipts, and high-resolution photos and videos over WiFi or mobile data without incurring additional costs.
What is RCS Messaging and How It Works on iPhones?
The worldwide telecom industry organisation GSMA launched RCS in 2007 as a messaging standard to improve and update SMS. RCS, which is integrated into a phone’s default messaging software, provides functions including read receipts, group conversations, file sharing, and interactive communications that resemble WhatsApp or iMessage.
Compared to SMS, it allows for authenticated and secure corporate communication, lowering the danger of spam or phishing. Additionally, it enables telecom providers to remain competitive in the expanding messaging market.
Why RCS Matters: Secure, Spam-Free Alternative to SMS?
Due to the country’s continued heavy reliance on SMS for transactions, banking alerts, and OTPs, RCS use is increasing in India. RCS provides a safer option for communication and modernises this channel.
RCS Adoption in India and Global Trends
RCS has been adopted by ten nations worldwide, and India views it as a digital upgrade to its communication environment as well as a security measure. With a robust subscriber base of more than 49 Cr, Jio will assist Apple in promoting the use of RCS services. Jio and Apple have been contacted by Inc42 for their thoughts on the development.
Airtel’s Opposition to RCS and Industry Response
As soon as an answer is received, the story will be updated. Notably, according to ET, Bharti Airtel previously refused to collaborate with Google or Apple to enable RCS, claiming that the encrypted channel may expose consumers to spam. This development coincides with Apple’s rapid expansion in India.
Due to double-digit increases in iPhones, Macs, and services, the business recorded record revenue from India in the June quarter. According to Tim Cook, CEO of Apple, the iPhone has grown in every region and in growing countries like Brazil, South Asia, the Middle East, and India, where it has double-digit growth.
Apple Expanding its Nexus in India
The iPhone manufacturer is growing its retail presence in India, bolstered by the strong demand. The company announced on 26 August that it will establish a new store in Pune the following week, following the announcement of the opening of its third official store in Bengaluru last week.
In addition, the tech giant is increasingly making India a major location for manufacturing. According to a rumour earlier this month, Apple intends to increase manufacturing of the iPhone 17 at all five of its Indian factories. Last year, the company began producing 30 million to 40 million iPhone 15s a year in India.
Up until this year, Tata Electronics, Foxconn, and Pegatron, Apple’s contract manufacturers, accounted for 25% of the company’s manufacturing in India. Apple made the decision to outsource the majority of iPhone production from China in late April of this year. Apple revealed that by 2026, all iPhones sold in the US will be assembled in India.
Quick
Shots
•iMessage-Style Features: Blue tick
chats, read receipts, group texting, file sharing, HD media sharing.
•RCS-A GSMA standard (since 2007)
upgrading SMS with interactive, secure messaging.
•Safer, spam-free, modern alternative
to SMS—important for banking alerts, OTPs, and business communication.
•Airtel refused to support RCS citing
spam risks; industry divided.
According to Pemmasani Chandra Sekhar, Minister of State for Communications, Elon Musk’s Starlink satellite internet service will store its network data, traffic, and other information locally in India.
“Security conditions, among other things, include the establishment of earth station gateway(s) in India for providing satellite-based communication services with no user traffic originating from or destined for India being routed through any gateway located outside India, no copying and decryption of the Indian data outside the country, and the Indian user traffic is not to be mirrored to any system/server located abroad,” the minister wrote in a response to the Rajya Sabha.
Starlink Gets GMPCS Approval for Broadband Services
Following Bharti-backed Eutelsat OneWeb and Reliance Jio-SES JV, US-based Starlink is the third satcom operator to obtain all necessary approvals to provide commercial broadband from space services in India. In June, Starlink was granted permission to use Global Mobile Personal Communication via Satellite (GMPCS).
Starlink’s LEO Satellite Constellation and Capacity in India
Starlink’s Gen 1 constellation has been approved by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to offer satellite communication services within the country. The first generation is Starlink’s low Earth orbit (LEO) network, which consists of 4408 satellites and has a 600 Gbps throughput capacity in India.
Satcom Sector to Drive Employment Growth in India
According to Pemmasani Chandra Sekhar, the satcom industry is anticipated to provide jobs because it is a developing field. In his response, the minister stated that satellite-based communication services are a developing field that, like any new business venture, is anticipated to create jobs in the nation.
This is because the services include, among other things, the installation, operation, and maintenance of the telecom network, which includes user terminal equipment.
Starlink’s Role in Bridging India’s Digital Divide
Through a network of low Earth orbit (LEO) satellites, SpaceX’s worldwide satellite internet project Starlink aims to provide consumers with direct access to high-speed broadband. By delivering fast and dependable broadband to remote areas like villages and hilly terrain, Starlink’s venture has the potential to transform internet accessibility in India, where the digital divide is still a significant barrier.
Sekhar had stated that Starlink would provide rates of up to 200 Mbps throughout the nation, according to news agency PTI. “Starlink can only serve 20 lakh customers in India while providing speeds of up to 200 Mbps.” Telecommunications services won’t be impacted. It is anticipated that the regulations governing the distribution of spectrum for satellite communications (satcom) services will shortly be finalised.
TRAI’s Recommendation on Satcom Spectrum Allocation
According to the PTI report, the Telecom Regulatory Authority of India (TRAI) has advised administrative distribution of satcom spectrum instead of holding an auction. Furthermore, the regulator has suggested a five-year spectrum allocation period that might be extended by an extra two years depending on the state of the market.
High-speed satellite internet services are about to be introduced in India by Elon Musk’s Starlink and other satellite communication companies, such as Eutelsat OneWeb, which is supported by the Bharti Group, Reliance Jio’s joint venture with SES, and Globalstar.
In order to swiftly draw in a sizable user base in one of the biggest telecom markets in the world, Starlink is anticipated to launch unlimited data plans at discount prices of less than $10 (about INR 840) per month, according to a report from a renowned media house.
Severe Competition o Lead the Race
Satellite operators are trying to expand quickly by providing reasonably priced services, despite the high cost of spectrum and licences. According to experts, this strategy might assist these businesses in spreading out their costly spectrum and infrastructure expenditures over a larger clientele.
Up to 10 million consumers in India is the long-term objective. The telecom watchdog in India, TRAI, has suggested a minimum yearly spectrum cost of INR 3,500 per MHz and a 4% levy on adjusted gross revenue (AGR).
Additionally, suppliers will be required to pay a licence charge of 8%. While there would be no such tax in rural areas, operators would have to pay an extra INR 500 per subscriber annually in metropolitan areas.
The ultimate government approval of these recommendations is pending. Even while the monthly plans can appear alluring, many Indian users might be put off by the initial expense of Starlink hardware.
Starlink kits cost between $250 and $380 (about INR 21,300 to INR 32,400) worldwide. This is a substantial investment in contrast to India’s fibre broadband offerings, which have cheaper installation costs, offer speeds of up to 1 Gbps, and frequently come with bundled OTT subscriptions.
Developments in Regulation and Actions by Rivals
Starlink has obtained a letter of intent from India’s Department of Telecommunications (DoT) and is awaiting final certification from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), whereas Jio-SES and Eutelsat OneWeb have already obtained regulatory licenses.
Technical constraints may impede Starlink’s expansion in India, notwithstanding its lofty goals. The satellite constellation’s geographic coverage of India is projected to be between 0.7% and 0.8% of the world’s total satellite capacity, meaning that only 700 to 800 satellites are always in the country.
This contrasts sharply with India’s strong terrestrial infrastructure, which includes 3 million base transceiver stations and more than 800,000 telecom towers. For comparison, Starlink presently charges 6,000 BDT (about INR 4,200) per month in Bangladesh.
The overall start-up fees for new customers come to around INR 37,200, which includes a one-time equipment price of 47,000 BDT (INR 33,000) and an extra 2,800 BDT (INR 2,000) for shipment.
In accordance with their agreement on passive infrastructure sharing, Bharat Sanchar Nigam Limited (BSNL) has allegedly failed to bill Reliance Jio for ten years since May 2014. This has cost the government a loss of around INR 1757.56 crore. The Comptroller and Auditor General of India (CAG) said last week that BSNL’s invoicing issues caused the government to suffer this large financial loss. According to a news agency, the CAG audit also asserts that BSNL lost an extra INR 38.36 crore. This happened because it failed to deduct the licence fee portion from the money given to telecom infrastructure providers (TIPs).
CAG Report Highlighted BSNL’s Negligence
BSNL’s failure to enforce the Master Service Agreement (MSA) with Reliance Jio Infocomm Ltd (RJIL) was brought to light in the CAG statement. According to the report, BSNL did not bill for the new technology used on BSNL’s shared passive infrastructure and did not enforce the Master Service Agreement (MSA) with M/s Reliance Jio Infocomm Ltd (RJIL). From May 2014 to March 2024, the government exchequer lost INR 1,757.76 crore as a result of this incompetence, plus penal interest. Additionally, BSNL’s billing errors for passive infrastructure sharing charges were brought to the attention of the CAG. The audit further stated that BSNL lost INR 29 crore (including GST) in revenue from infrastructure sharing costs. This is a result of its failure to apply the escalation clause and adhere to the terms and circumstances outlined in the MSA with RJIL.
Dilip Buildcon JV Gets Work Order Worth INR 2,631 Cr. from BSNL
An advanced work order of INR 2,631.14 crore was given to Dilip Buildcon’s joint venture, DBL-STL, by Bharat Sanchar Nigam Ltd (BSNL). The middle-mile network for the BSNL BharatNet Phase-III broadband connectivity project will be designed, supplied, built, installed, upgraded, operated, and maintained by the company. The Universal Service Obligation Fund (USOF), now known as Digital Bharat Nidhi (DBN), is providing funding for the initiative. The project, of which Dilip Buildcon is responsible for 70.23%, is to offer middle-mile and last-mile connectivity in the Jammu & Kashmir and Ladakh regions. The construction project will be completed in three years by the Bhopal-based company, and the maintenance contract will last for ten years.
In addition, Dilip Buildcon works on projects in a number of industries, such as urban development, irrigation, tunnels, roads, railroads, airports, and coal mining. With the support of earnings from its coal and hybrid annuity model (HAM) portfolio, Dilip Buildcon’s profit attributable to owners for the third quarter of the fiscal year 2025 (Q3 FY25) increased by 7.4% year over year to INR 115.3 crore. However, the company’s revenue dropped to INR 2,589.7 crore, a 9.98% year-over-year decrease. Its overall costs for the reviewed quarter were INR 2,519 crore, which was an 11.9% decrease from the previous year.
Reliance Industries Limited (RIL) is an Indian organization headquartered in Mumbai, India. Founded by Dhirubhai Ambani, the present Reliance Industries CEO is his son Mukesh Ambani.
Reliance has its entities across domains like vitality, petrochemicals, materials, common assets, retail, and broadcast communications. Reliance is one of the most prominent businesses in India, the biggest “traded on an open market” organization in India by showcase capitalization, and the biggest organization in India as estimated by income after it outperformed Indian Oil Corporation sometime back. On 18 October 2007, Reliance Industries became the first Indian company to cross $100 billion market capitalization.
The organization is positioned 86th on the Fortune Global 500 rundown of the world’s greatest enterprises as of 2024. Fortune announced on its website that Reliance has been a part of the 500 list for 21 years, as it released the 2024 list. Reliance continues to be India’s biggest exporter, representing 8% of India’s all-out exports with an estimation of INR 147,755 crore and access to business sectors in 108 countries. Reliance is answerable for nearly 5% of the legislature of India’s complete income from traditions and extracts obligation. In 2019, Reliance Industries Limited became the first Indian business to cross INR 9 lakh crore valuation mark.
This post by StartupTalky is a Reliance case study, which will let you know about Reliance success story, Reliance Industries founder, Reliance Industries CEO, Reliance Company details, success story, Reliance services company, History of Reliance Industries, Marketing Strategy of RIL, Growth, Revenue, Profit of Reliance Industries Limited and more.
In 1966, Reliance Textiles Engineers Pvt. Ltd. was consolidated in Maharashtra. It built a manufactured textures plant around the same time at Naroda in Gujarat. On 8 May 1973, it moved towards becoming Reliance Textiles Industries Limited. In 1975, the organization extended its business into materials with “Vimal” forming its image in the later years.
Established in 1966, the organization held its initial open offering (IPO) in 1977. Sidhpur Mills, a materials organization, was amalgamated with Reliance Textiles in 1979. In 1980, the organization extended its polyester yarn business by setting up a Polyester Filament Yarn Plant in Patalganga (Maharashtra) with monetary and specialized coordinated efforts from E. I. duPont de Nemours and Co., U.S.
In 1985, the name of the organization was changed from Reliance Textiles Industries Ltd. to Reliance Industries Limited. Between 1985 and 1992, the organization extended its introduced limit with regards to delivering polyester yarn by more than 145,000 tons per year.
In 1993, Reliance went to the capital markets abroad for assets through a worldwide depository issue of Reliance Petroleum. In 1996, it turned into the first private division organization in quite a while to be appraised by worldwide FICO assessment offices. In 1995/96, the organization entered the telecom business through a joint endeavor between NYNEX, USA, and advanced Reliance Telecom Private Limited in India.
In 2001, Reliance Industries Limited and Reliance Petroleum Ltd. turned into India’s two biggest organizations as far as all major monetary parameters were considered. In 2001–02, Reliance Petroleum converged with Reliance Industries. In 2002, Reliance reported India’s greatest gas revelation (at the Krishna Godavari bowl) in almost three decades. The setup volume of gaseous petrol was more than 7 trillion cubic feet, proportionate to about 1.2 billion barrels of unrefined petroleum.
This was the first, historically speaking, disclosure by an Indian private company. In 2002–03, RIL bought a larger stake in Indian Petrochemicals Corporation Ltd. (IPCL), India’s second-biggest petrochemicals organization, from the administration of India. IPCL later converged with RIL in 2008.
In 2005 and 2006, the organization revamped its business by de-merging its interests in control age and appropriation, money-related administrations, and media transmission administrations into four separate entities. In 2006, Reliance entered the retail showcase in India with the dispatch of its retail location position under the brand name ‘Reliance Fresh’. By the end of 2008, Reliance Retail had nearly 600 stores crosswise over 57 urban communities in India.
In November 2009, Reliance Industries gave 1:1 extra offers to its investors. In 2010, Reliance entered the broadband administration showcase with the securing of Infotel Broadband Services Limited; the latter was the main effective bidder for the Skillet India fourth-age (4G) range sale held by the legislature of India.
Journey Of Reliance Industries Limited
Around the same time, Reliance and Bharat Petroleum declared an association in the oil and gas business. BP took a 30% stake in 23 oil and gas creation sharing agreements that Reliance works in India, including the KG-D6 hinder for $7.2 billion. Reliance likewise shaped a 50:50 joint endeavor with BP for sourcing and showcasing gas in India. In 2017, RIL set up a joint endeavor with Russian Company Sibur to set up a Butyl elastic plant in Jamnagar (Gujarat) that became operational in 2018.
In August 2019, Reliance acquired Fynd to strengthen its consumer businesses and mobile phone services in the e-commerce sector.
By December 2022, Reliance Industries’ market cap reached INR 17,59,017.23 crore.
In February 2024, Reliance Industries and The BharatGPT group announced plans to launch “Hanuman’s AI” in March 2024. This large language model will support 11 local languages and focus on health, governance, financial services, and education. In March 2024, Reliance Industries partnered with Disney to launch a new OTT platform. On October 24, 2024, Nvidia agreed to supply chips to Reliance and other Indian companies as part of an AI initiative.
Reliance Industries is currently one of the biggest Indian multinational conglomerates that has diversified into many verticals today. Reliance Industries headquarters is in Mumbai, Maharashtra, of which, Reliance is the largest publicly-traded company by market capitalisation. The business of Reliance Industries spans telecom, retail, oil & gas, petrochemicals, and digital services, making it one of India’s largest conglomerates.
The organization was established by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial. The marketing mix of Reliance covers the 4Ps (product, price, place, and promotion) and explains Reliance Industries’ marketing strategy as follows:
Products
Reliance Industries Limited is perhaps the greatest aggregate in India. Its business is available in different segments which are concentrated to comprehend Reliance’s item system in its showcasing blend. The retail segment incorporates Reliance Fresh, Big Bazaar, Reliance Mart, Reliance Market, Reliance Home Kitchen, Reliance iStore, Reliance Solar, and more.
Reliance Life Sciences is associated with medicines, plants, and biotechnology as it has some expertise in marking, assembling, and promoting Reliance Enterprises items in biopharmaceuticals. Reliance’s coordination comprises transportation, dissemination, coordination, inventory network-related exercises, and telemetry arrangements. Reliance Jio Infocomm Ltd. is a broadband specialist co-op that gives 4G administrations. Relicord is claimed by Reliance Life Sciences and gives blood banking administrations. Reliance Industrial Infrastructure Limited deals with the development and activity of pipelines for moving oil-based commodities. Subsequently, this gives an outline of the contributions of Reliance Industries.
Price
Reliance Industries Limited pursues a distinctive valuing methodology for various segments. Thus, the advertising blend and evaluation technique of Reliance Industries is unique in light of rivalry and market administration in certain parts. It pursues entrance valuing for retail, media transmission, and well-being. At the point when the organization propelled Reliance Jio, it offered free Jio administrations to its clients during the dispatch time frame to build a piece of the pie. Be that as it may, the retail and media transmission parts are at misfortune; however, the organization is giving ideas to clients to build its client base.
The evaluating choices for its oil business relies upon the full-scale condition components and worldwide market situation to a great extent. Reliance Fresh outlets, for example, secure their items directly from the source, eliminating the middlemen in this way. This is advantageous to the shopper as the markdown price and value decrease. Reliance Industries performs exhaustive evaluations before valuing its choices, and this evaluation is a persuasive factor for its ascent in the aggressive market.
Reliance Industries has a solid nearness all over India. Reliance Retail is the biggest retailer that has more than 1500 stores crosswise over India. Here are the investors that make Reliance Retail, one of the largest retailers in India. Different brands like Reliance Fresh, Reliance Footprint, Reliance Digital, and Reliance Trends have arrived in Tier 1 and Tier 2 urban areas.
Reliance Jio sim administrations are accessible crosswise over significant areas and its network has improved significantly over the last years.
Reliance Industries’ dispersion system is so well-arranged that it has a strong grip across the country. Reliance gets crude materials directly from the source; consequently, it has pulled in an enormous number of clients because of the advertisements. Reliance clients can speak with the agents by calling administrations or online channels.
Reliance Industries meets with its shareholders in annual general meetings, which it holds every year. This Annual General Meeting (AGM) was held virtually on July 15, 2020, which became the first virtual AGM after TCS had done it on June 11, 2020. The Ministry of Corporate Affairs (MCA), owing to the current circumstances, permitted companies to hold their Annual General Meetingsthrough video conferencing or other Audio Visual means to avoid large public gatherings. The meeting with all the shareholders was held on 15th July at 2 PM through a video conferencing platform. This was the 43rd AGM for Reliance Industries Limited. Many big announcements were made during that AGM, where the most significant of them all was that Google announced it will invest $4.5 billion, which is approximately INR 33,737 crores in Reliance Jio at a stake of 7.7%. Google has joined Facebook in the big investors’ list of Jio, a subsidiary of Reliance Industries Limited. RIL announced in the AGM that Google along with Reliance Jio will work on developing low-cost, entry-level mobile devices with a customized version of Android to serve millions of new customers in India. Mukesh Ambani informed that these mobile phones will come with the support of the future of wireless networks – 5G, and the Google Play services.
Sundar Pichai also sent a video message regarding the partnership between Google and Jio Platforms. In the video message, he said, “Getting technology into the hands of more people is a big part of Google’s mission. Organizing the world’s information and make it universally accessible and useful is another part of the mission. Through this partnership with Jio Platforms, we see the chance to have an even greater impact than either company could have alone. ”
Everyone should have access to the internet. Proud to partner with @reliancejio to increase access for the hundreds of millions in India who don’t own a smartphone with our 1st investment of $4.5B from the #GoogleForIndia Digitization Fund.https://t.co/1fP8iBZQfm
He also added, “This partnership is a key part of Google’s next chapter of investments in India. Our investment of $4.5 billion in Jio is the first and biggest through the digitization fund of $10 billion. I am excited that the collaboration will focus on the increase in access for hundreds of millions of Indians who do not currently own a smartphone and the improved mobile experience for all.”
Mukesh Ambani informed the shareholders of RIL that the Jio Phone remains the most affordable 4G supporting phone. He informed that about 100 million Indians have upgraded their feature phones to Jio Phones, but 350 million Indians still own a 2G feature phone and are waiting to upgrade to an affordable and conventional smartphone. He said that Jio aims to develop affordable 5G phones at only a fraction of its cost and to achieve this they need an equally value-engineered smartphone Operating System which will be provided to them by Google under their new partnership.
Mukesh Ambani further said, “Putting a smartphone in the hands of every Indian is our aim. India is standing at the doorsteps of the 5G era. They should not be deprived of the benefits that the digital and the data revolution offers. Jio is determined to make India ‘2G Mukt’ ”. Mukesh Ambani also talked about the ‘Digital India’ movement.
Previously, the AGMs have been held by Reliance at many different venues including auditoriums, football stadiums, and other big grounds. For the last few years, however, Birla Matushri Sabhaghar has been the venue for the meetings. In 2020, however, owing to the Coronavirus (COVID-19) pandemic, companies are compelled to hold these meetings online through video conferencing.
In the pandemic-stricken year, like all the previous years, the meeting was held between the shareholders of the company. The annual report of the company was presented to them, which contained the performance and strategies of the company. The new plans and features for the next year were also included. Furthermore, the shareholders got to ask questions and vote on topics that were related to the functioning and betterment of the company.
It was during the Annual General Meeting of 2016, that Reliance Jio was commercially launched, which changed the face of the telecom industry and brought about an internet revolution in India. The previous meeting, which was the 42nd AGM, was held in The Birla Matushri Sabhaghar on 12th August 2019. The key points of the meeting were:
Announcement of the launch of Jio Fibre service.
Mukesh Ambani said that they have a clear roadmap for becoming a zero-net debt company by 31st March 2021. This feat was achieved much earlier than expected and RIL became a zero net debt company a few days ago after it raised around ₹1.69 lakh crore from global investors such as Facebook.
The announcement of the launch of the new 4K supported Jio Set Top Box.
Mukesh Ambani announced to the shareholders that the company’s turnover has crossed ₹130,000 crores, making it India’s largest retailer and 4 times larger than the 2nd retailer. The company became larger than all other major retailers in the country put together.
Reliance Logo
Promotion
Reliance Industries is vigorously working on publicizing and brand advancement. The special procedure in the advertising blend of Reliance Industries is engaged towards 360-degree marketing and forceful brand advancement. Reliance uses the slogan “Development is Life” and has typified its slants of taking individuals together. RIL proprietor Mr. Mukesh Ambani has now owned the Mumbai Indians franchise for a long time, and the purchase of a cricket team has been instrumental in bringing the Reliance brand under the spotlight.
Reliance Industries has roped in Bollywood celebrity Hrithik Roshan for underwriting Reliance Telecom. It declares limits and leads for different special exercises at various Reliance outlets. Because of its solid image mindfulness, Reliance Industries has pulled in clients at its stores. Customer happiness has led to its expanded client base. Consequently, this covers the promoting blend of Reliance Industries.
In FY24, Reliance Industries Limited recorded its highest revenue from the oil-to-chemical business, exceeding Rs 5.6 trillion. Retail was the second-largest revenue source, followed by digital services.
Reliance Industries reported a profit of Rs 19,323 crore for the September 2024 quarter, marking a 10.8% increase compared to the June quarter.
The gross revenue for the quarter remained steady at Rs 2,58,027 crore, up by 0.8% from Rs 2,55,996 crore in the same quarter of the previous fiscal. The revenue saw a slight sequential increase of 0.08%.
EBITDA for the second quarter of fiscal 2024 was Rs 43,934 crore, slightly down from Rs 44,809 crore in the same period last year, despite strong double-digit growth in Jio Platforms and oil & gas. However, EBITDA grew by 2.8% compared to the previous quarter.
Jio Platforms (JPL) reported a strong 23.4% year-on-year profit growth, reaching Rs 6,539 crore for the September quarter, driven by higher revenue and improved operating leverage.
The retail business posted a profit of Rs 2,836 crore for the September 2024 quarter, marking a 1.3% increase compared to the same period last year and an 11.3% rise over the June quarter.
The oil-to-chemical (O2C) business saw a 5.1% year-on-year growth, reaching Rs 1,55,580 crore for the quarter ending September 2024, driven mainly by higher volumes and increased domestic product placement.
Revenue from the oil & gas business in Q2FY25 decreased by 6% to Rs 6,222 crore, compared to Q2FY24, mainly due to lower price realizations. This was partially offset by higher gas and condensate volumes from the KGD6 and CBM fields.
The media business reported Q2FY25 revenue of Rs 2,118 crore, a 2.1% decline compared to the same period last year, mainly due to a significant drop in movie segment revenues, a project-based business. However, the operating performance remained strong.
The Indian economy remained the quickest-developing significant economy on the planet in 2018. In FY 2018-19, the evaluated Gross Domestic Product development rate was 6.8%, driven by solid private utilization development at 8.1%. The economy kept on seeing an expansion in speculations with gross fixed capital formation development at a six-year high of 10%.
For FY 2018-19, India’s oil request developed at about 3% y-o-y with utilization-driven request development in gas (+8.1%), Gasoil (+3.0%), and stream fuel (+9.1%). The interest was driven by powerful development in business vehicle deals and solid air traffic development during the year. On the provincial side, though tractor deals and three-wheeler deals declined from the highs of FY 2017-18, they kept on developing in twofold digits.
Household request development for petrochemical items was solid with both polymer and polyester requests developing at 7% y-o-y. Reliance Jio has impelled India to turn into the biggest versatile information-devouring economy on the planet. With omnipresent and dependable information administrations, information systems are progressively being utilized for media and stimulation, instruction, showcase data, and exchanges.
The appropriation of advanced exchanges saw exponential development. Reliance Retail keeps on profiting by solid interest development crosswise over purchaser staples, optional merchandise, and its capacity to convey an unrivaled client experience and offer.
Refining And Marketing – Weak Light Distillate Cracks Lead Down Margins
During the year, benchmark Brent oil costs were up 22% due to geopolitical pressures, and supply interruptions from Venezuela, Iran, and Libya just as OPEC+ creation cuts. Request development was affected by the high siphon level costs in the US and different economies coupled with the slow development in the Chinese economy.
RIL’s gross refining edges declined to $9.2/bbl due to feeble light distillate breaks; this was somewhat counterbalanced by flexible center distillate splits. Operational greatness and adaptability helped Reliance keep up a noteworthy $4.3/bbl premium over the territorial benchmark-Singapore Refining Margins. The strong presentation by Reliance’s refining business was bolstered by proactive unrefined sourcing, enhancing of item yields, and vigorous hazard in a difficult domain.
Reliance Industries Founder Story | Dhirubhai Ambani Success Story
Petrochemicals – Resilient Business Model Shining Through
The petrochemicals business conveyed its best execution with an EBITDA commitment of 37,645 crores, up by 45.6% y-o-y. Petrochemical generation was additionally at a record high of 37.7 MMT, up 16% y-o-y.
The solid outcomes were accomplished in a situation of declining usage rates in key item chains with a new supply increase. This exhibits the strength of Reliance’s action plan which is dependent on linkages between refining and petrochemical chains, feedstock adaptability, and a wide item portfolio. While polymer chain edges were affected by new supplies out of the US Ethane-based wafers, polyester bind gains kept on increasing, driven by solid PTA and PX edges. With the initiation of ethane splitting at Nagothane, the key parts of Reliance’s petrochemical speculation cycle are adding to its income.
Oil And Gas Exploration And Production
Reliance has attempted the improvement of High-Pressure High Temperature (HPHT) R-Cluster, Satellite-Cluster, and D55 (MJ) fields. The first gas from R-Cluster is normal by mid-2020 followed by Satellite Cluster and MJ fields. The new improvement will use Reliance’s collaboration with BP, the existing framework in the Krishna-Godavari Basin, and the downturn in the capital hardware and specialist organization advertising.
Reliance Retail – Growth Across All Key Consumption Basket
Reliance Retail accomplished a record turnover of INR 1,30,566 crore, up 88.7% y-o-y. Turnover development was driven by quick store extension and strong development in same-store deals. Reliance Retail accomplished its most elevated EBITDA of INR 6,201 crores, up 145% y-o-y. The solid working presentation was driven by a 100 bps improvement in EBITDA to 4.7%. Proceeding with a solid development force, Reliance Retail has accomplished an income CAGR of 55% and EBITDA CAGR of 76% in the last 5 years.
Reliance Retail had 18,836 retail stores in more than 6,600 towns and urban areas covering a zone of 79.1 million sq. ft. as of November 2024. It has a registered customer base of 300 million. Reliance Retail is working on plans to dispatch a separate new commerce stage which will empower little shippers across India to contend in a computerized age and plans to double its sales in next 3-4 years.
Digital Services – Strong Traction In Subscriber Addition And User Engagement
Reliance Jio has over 478 million users to date and is currently India’s biggest portable telecom administrator positioned by Adjusted Gross Revenue (AGR). Jio comes out on top if Average Revenue Per User (ARPU) (126.2/month) is considered along with sound normal voice utilization (823 minutes for every client every month) and normal information utilization (10.9 GB per client every month).
Jio intends to give a worldwide standard wireline framework and administration in India through FTTH and Enterprise contributions. To quicken this rollout, RIL has made vital investments in Hathway Cable, Datacom Limited, and DEN Networks Limited. Jio likewise keeps on executing its arrangements of building an advanced biological system spreading crosswise over media, excitement, trade, training, human services, and horticulture.
As per reports from 12 March 2025, Reliance Jio has formed a partnership with Elon Musk’s SpaceX to bring Starlink satellite internet services to India. This unexpected partnership comes after months of disagreements over spectrum allocation in the country. As part of the agreement, Reliance Jio will stock Starlink equipment in its retail stores, providing Starlink with a direct distribution channel through thousands of outlets nationwide.
According to Deloitte, India’s satellite service sector is expected to grow at a rate of 36% annually, reaching $1.9 billion by 2030.
Media – Strengthening Offering Ahead Of Evolving Market Trends
Reliance is focused on offering media content for the Indian market as a feature of its computerized administration’s bunch. As a component of this dedication, Reliance is putting resources into the production of unique substances significant for the developing patterns in media utilization. Through possessed substance motors and cooperative organizations, Reliance is building a broad media content library that will take into account all portions of the crowd and dovetail with its wide conveyance stages.
Reliance’s media organization Network18 proceeded with its development direction and put resources into key regions to fill blank spaces and sustain its position as a leader.
Advanced Platforms
During the year, Reliance started stage-driven association procedures to tap the noteworthy potential for its organizations to improve proficiency and encourage educated and basic leadership procedures.
RIL went into a Memorandum of Understanding (MoU) with the Government of Maharashtra to build a Global Economic Digital and Services Hub with worldwide associations. RIL through its completely claimed backup has gone into an MoU with NMSEZ to a sub-rent place that is known for around 4,000 sections of land alongside related improvement rights. The project will usher in industry revolution 4.0 in Maharashtra and prompt critical industrial development by offering world-class infrastructure and collaboration with the best of worldwide innovation organizations in the areas of Innovation and Learning, Research and Development, Technological Advancement, and Manufacturing and Service capacities.
Indian Film Combine
RIL through its completely claimed backup has procured a dominant stake in the Indian Film Combine, and it is building a Drive-in Theater, Hotel, Retail Mall, and Clubhouse at Bandra Kurla Complex (BKC) in Mumbai.
JIO World Center
Reliance built a best-in-class, world-class convention center, performing arts theater, retail mall, office space, and clubhouse at Bandra Kurla Complex (BKC), Mumbai. It is the most alluring retail, entertainment, and cultural area of Mumbai city backed by a world-class convention center.
The last two years were portrayed by unstable, large-scale financial conditions. Adding to vulnerability were higher oil costs in the principal half of the year and expanding geopolitical pressures as the year progressed. Reliance accomplished its best execution in this condition with record commitment from its petrochemicals, retail, and advanced administration units. “Strong working execution for the year underscored the quality of the petrochemicals business that we have fortified throughout the last speculation cycle. Moreover, our purchaser organizations keep on scaling new statures with industry-driving measurements. The adaptability of retail and computerized administration business stages has made an exceptional incentive for all partners,” a Reliance representative added.
Revenue And Profit Of Reliance Industries Limited
Revenue of Reliance Industries
Reliance accomplished a solidified income of INR 6,22,809 crores ($90.1 billion), an expansion of 44.6% when contrasted with INR 4,30,731 crores in the earlier year. The increment in income was fundamental because of volume expansion with the adjustment of petrochemicals undertakings and oil-related increment of refining and petrochemical items. The higher volumes in the petrochemicals business are by the first entire year of tasks of new petrochemical offices. Reliance’s solidified income was bolstered by powerful development in retail and computerized administrations business which recorded an expansion of 88.7% and 94.5% in income individually when contrasted with the earlier year.
Reliance Industries Limited reported an increase in its consolidated revenue for FY24 at INR 917,121 crore from 889,569 crore in FY23.
The company reported a consolidated net profit of INR 78,633 crore for FY24, up from INR 73,646 crore in FY23.
Reliance Jio reported a revenue near to INR 1.3 trillion in fiscal year 2024.
Reliance Industries Limited reported a 26.2% year-on-year (Y-o-Y) increase in its consolidated net profit for FY22 at INR 67,845 cr. Reliance Industries Limited recorded a 47% Y-o-Y growth in its revenue, which became INR 7.92 lakh crore in FY22. The annual revenue of the digital services business of RIL crossed the 1 lakh crore mark for the first time in FY22. Reliance Industries Limited’s digital arm also recorded an all-time high EBITDA of INR 40,268 Cr during the year. The retail business of Reliance also recorded annual revenue of around INR 2 lakh crore and a record annual EBITDA of INR 12,423 cr.
The gross revenue of the Reliance Jio platform increased by 17.1% in FY22, which was recorded at INR 95,804 cr. The net profit of the same increased by 23.6%, which became INR 15,487 cr. The EBITDA of the Jio platforms rose by 20.9%, thereby becoming INR 39,112 cr during FY22.
Challenges and Controversies Of Reliance Industries Limited
While Reliance has been very successful, it has also faced challenges and controversies, such as:
Competition: As Reliance grows, it faces strong competition in sectors like retail and telecommunications.
Legal and Regulatory Issues: The company has dealt with legal problems and regulatory scrutiny, especially in telecom.
Environmental Concerns: Some of Reliance’s industrial activities have raised concerns about pollution and resource use.
Conclusion
Reliance Industries is an example of an Indian company that grew massively and made a global impact. Its success is built on ambition, innovation, and hard work, setting new standards in business.
With its focus on innovation, customer needs, and expanding across industries, Reliance has changed markets and helped millions. However, it has also faced challenges and controversies, highlighting the importance of responsible business and ethical leadership.
This case study on Reliance inspires entrepreneurs and shows how a small business can grow into a global giant through ambition and smart work.
FAQs
What is the history of Reliance Company?
The organization was established by Dhirubhai Ambani and Champaklal Damani in the 1960s as Reliance Commercial. It was later renamed Reliance Industries and diversified into financial services, petroleum refining, and the power sector.
Who is the owner of Reliance?
Dhirubhai Ambani founded the Reliance Group, and Mukesh Ambani is the owner of Reliance Industries Limited.
Who is the CEO of Reliance Industries?
Mukesh Ambani is known as the Reliance Industries CEO.
How much of Reliance does Ambani own?
The Ambani family holds approximately 46.32% of the total shares, whereas public shareholders, including FII and corporate bodies, constitute the remaining 53.68%.
How Reliance Industry became successful?
Reliance became successful by diversifying its business across various sectors like petrochemicals, retail, telecommunications, and media. Under Mukesh Ambani’s leadership, the company focused on innovation, large-scale investments, and strategic acquisitions, such as Jio’s entry into telecom and the growth of Reliance Retail. Their strong market presence, robust infrastructure, and focus on technology and digital services helped Reliance achieve rapid growth and success.
When Reliance started?
Reliance was founded by Dhirubhai Ambani in 1966 as a small textile company and later expanded into various industries, including petrochemicals, telecommunications, and retail.
What is Reliance business model?
Reliance follows a diversified business model, spanning telecom, retail, oil & gas, and digital services. It focuses on vertical integration, cost leadership, and scale to dominate multiple industries.
According to an official on 24 December, telecom regulator Trai will shortly make recommendations on regulations for the distribution of satellite spectrum. To open the door for satellite-based broadband services in the nation, the government would consider the suggestions made by the Telecom Regulatory Authority of India (Trai) before deciding to distribute spectrum to satellite communication firms.
Trai Chairman A K Lahoti stated that the recommendation on satcom spectrum rules will be released “very soon” when asked about it at a National Consumer Day event. In the second week of November, Trai wrapped up an open-house discussion on the terms and circumstances for spectrum assignment for specific commercial satellite-based communication services.
Tug of War Between National and International Players
Reliance Jio and Bharti Airtel, two telecom service providers, believe that spectrum should only be distributed through auctions in order to ensure nationwide mobility. Nonetheless, an administrative distribution of satcom spectrum is supported by Elon Musk’s Starlink, as well as international competitors like Amazon’s Project Kuiper and other satellite communication firms.
Trai’s lengthy open-house discussion lasted for several hours, during which telcos Reliance Jio and Bharti Airtel united and spoke in tandem about the need for a level playing field as India works out the norms for satcom spectrum. The battle lines between terrestrial players and satellite aspirants were clearly drawn. In support of the satellite spectrum auction, Jio stated that it is “not afraid of competition” but that “same services, same rules” must be followed.
A retired Supreme Court judge was consulted by the Mukesh Ambani-led company to provide legal advice, stating that the issue of levelling the playing field with ground-based telecom networks appears to have been entirely ignored in Trai’s consultation paper on spectrum allotment for satellite communications. Several international peers, including Amazon’s Project Kuiper and Musk’s Starlink, support an administrative distribution of satcom spectrum.
Satellite Earth Station Gateways
Regarding licensing requirements for satellite earth station gateways (SESG), service providers have been at odds. While Bharti Group-backed Eutelsat OneWeb and Apple partner Globalstar have stated that SESG does not require any new licensing, reports indicate that Amazon’s Kuiper, Canada’s Telesat, and Tata’s Nelco have shown interest in a distinct authorisation scheme for SESG.
Data transfer between local networks is facilitated by SESGs, which are ground stations. Jyotiraditya Scindia, the minister of communications, stated in October that satellite service spectrum would be administratively distributed but at a “cost.” It is important to remember that in order to provide satcom services in India, Starlink and Amazon Kuiper must first get a global mobile personal communication by satellite services (GMPCS) licence. Permits to launch satellite communications services in the nation have only been granted thus far to Reliance Jio’s joint venture with Luxembourg-based satellite provider SES and Eutelsat Oneweb, which is supported by Bharti.
According to Anil Kumar Lahoti, chairman of the Telecom Regulatory Authority of India (Trai), the organisation is expected to make its recommendations about spectrum assignment and satcom service price by December. Trai has examined all of the comments, rebuttals, and submissions from the industry following the open house discussion. After then, it will take us two months to arrive. Thus, Lahoti informed the media that at some point in December, Trai will be in a position to make its recommendations.
Additionally, he stated that before developing the suggestions, TRAI will consult the International Telecommunication Union’s (ITU) regulations, worldwide best practices, and stakeholder inputs. This occurs weeks after representatives of terrestrial and non-terrestrial network providers attended an open house discussion on satcom spectrum allotment hosted by TRAI.
Tug of War Between National and International Players
There were heated exchanges during the event as telcos like Reliance Jio and Bharti Airtel demanded that satcom spectrum be distributed through an auction to guarantee a “level playing field,” while Jeff Bezos’s Amazon Project Kuiper and Elon Musk’s Starlink made the case for administrative satcom spectrum distribution.
This comes after Jyotiraditya Scindia, the minister of communications, stated last month that satellite service spectrum will be distributed administratively but at a “cost” that would be determined by TRAI following thorough discussions with relevant parties. Chandra Sekhar Pemmasani, the Minister of State (MoS) for communications, stated earlier this month that satcom should be viewed as an adjunct to terrestrial networks like 5G and 6G in order to close the digital gap and improve last-mile connectivity in India.
The director of Starlink Satellite Communications, Parnil Urdhwareshe, stated during the open house that Indian consumers desire satellite broadband services and that these “intelligent consumers” are entitled to select an operator that will offer them a high-quality, reasonably priced service. He noted that Starlink’s website easily provides costs for any country and that the company takes pride in making satellite broadband accessible to those who have not yet had it.
Consultation Paper and its Aftermath
Notably, in September, TRAI released a consultation paper to investigate the process and cost of allocating spectrum to satcom firms. The study requested feedback on 21 topics, such as the process for calculating spectrum fees, satellite communications service frequency ranges, assignment duration, and provisions for spectrum surrender, among other things.
In response, telecom provider Reliance Jio sent several letters to TRAI requesting that the consultation paper on satcom spectrum distribution be withdrawn. The company said that the current paper “overlooks the critical point of ensuring” a level playing field between satellite and terrestrial services.
Akash Ambani, the eldest son of Indian business tycoon Mukesh Ambani, has emerged as a poised leader with a distinctive vision. Born in a world of legends where it’s easy to get overshadowed, Akash is not just a coheir to India’s biggest conglomerate. Rather, he is writing his own story as an avant-garde and bold innovator.
Through his calm demeanor and resilient business acumen, Akash has transformed India’s digital landscape through Jio, making it the largest telecom network in the country. Through his innovative methodologies and unconventional tech revolution, Akash is redefining the foundation of his inherited empire.
With an aim to connect millions through affordable and cutting-edge technology, Akash, in collaboration with his twin sister Isha Ambani, launched ‘Jio’ which changed the dynamics of the Indian telecom industry. Under his leadership, Jio witnessed a meteoric rise by attaining the maximum market share with its economical 4G services, turning his vision into reality.
Akash’s youthful dynamism, strategic foresight, and deep understanding of the digital economy make him a sparkplug of the future of Reliance Industries. Behind his calm character lies a bold thinker who is reshaping and modernizing ‘Reliance’ for the 21st century by pushing boundaries in digital services, e-commerce, and telecommunications.
His ability to create a bridge between old and new, Akash, has strengthened the legacy of the family with risk-taking, tech-vision, fresh perspective, and youthful energy. In this StartupTalker story, we will uncover Akash Ambani’s innovative leadership, the challenges he faced in navigating the digital age, and how he is shaping Reliance’s bold new future.
Learn about Akash Ambani, his education, career, family, philanthropy, Reliance, and more from this article.
Akash Ambani Biography
Name
Akash Mukesh Ambani
Born
October 23, 1991
Nationality
Indian
Hometown
Mumbai
Education
Dhirubhai Ambani International School Brown University, The United States
Profession
Chairman, Reliance Jio Infocomm Director on the Boards, Jio Platforms Limited Director on the Boards, Reliance Retail Ventures Limited Director on the Boards, Reliance New Energy Limited Director on the Boards, Reliance New Solar Energy Limited
Net Worth
$40 billion
Spouse
Shloka Mehta
Children
Prithvi Akash Ambani (Son) Veda Akash Ambani (Daughter)
On October 23, 1991, Akash was the firstborn son of renowned personalities Mukesh Ambani and Nita Ambani. Being born into one of the most wealthiest and influential families in India, Akash grew up with a deep sense of carrying the family tradition and legacy. Since a young age, Akash was surrounded by the world of business through his daily’s extensive global network.
Akash completed his early education from Dhirubhai Ambani International School, an Ivy League school in Mumbai, founded by his mother, Nita Ambani. After completing his schooling, Akash went to the United States to pursue a Bachelor’s degree in Economics from Brown University. His upbringing was marked by a focus on academic excellence and an awareness of the family’s cultural values, which has shaped his approach towards business.
In 2014, after attaining a degree in economics, Akash came back to India and officially joined Reliance Jio Infocomm Limited as a non-executive Director. In December 2015, Akash, along with his siblings Isha and Anant, launched Jio 4G services, which brought a digital revolution to the country.
In 2016, under Akash’s inventive leadership and strategy, Jio went public, offering free voice calls and low-cost data services, and acquired over 100 million subscribers within months. In 2017, Akash was appointed as the Director on the Boards for Reliance Jio and Reliance Retail, extending his headship beyond telecom to digitize the retail arm of Reliance Industries.
In 2018, Akash spearheaded key partnerships with global technology syndicates such as Facebook, Google, and Microsoft that led to positioning Jio as a leading player in the global tech ecosystem. Through his revolutionary business concepts, Jio expanded to create a digital ecosystem by integrating platforms like JioTV, JioCinema, and JioSaavn. By 2020, Akash secured a $20 billion investment deal from 13 marquee investors, solidifying Jio’s position as the leading telecom industry with a valuation of over $65 billion.
In 2022, Akash was appointed as the Chairman of Reliance Jio, marking the beginning of next-gen leadership at Reliance. In the same year, Akash launched Jio 5G, proposing the next phase of digital transformation in India. By January 2023, under his rheostat, Jio 5G spread across 192 cities across 29 states in India, revolutionizing industries like education, entertainment, and healthcare.
Akash Ambani: Personal Life
Akash Ambani with his Family
Akash married his childhood friend Shloka Mehta in March 2019, who is the daughter of diamond magnate Russell Mehta and Mona Mehta. Theirs was the second grand wedding of India, which took place in Mumbai and was one of the most talked-about events, attended by global celebrities, business tycoons, and political figures.
Akash and Shloka welcomed their first child, Prithvi Akash Ambani, in December 2020. In May 2023, they became parents to a daughter, Veda Ambani. Despite the enormous responsibilities that come with his role at Reliance, Akash is a grounded and humble person with a strong focus on family and legacy.
Akash is known to be passionate about sports, particularly football and cricket. He also plays a key role in managing the IPL’s Mumbai Indians cricket team, owned by the Ambani family. He often attends matches and is actively involved in the strategic management of the team alongside his mother, Nita Ambani.
Akash is actively involved in various philanthropic initiatives through the Reliance Foundation, led by his mother Nita Ambani. Through his digitized and technical approach, Akash plays a significant role in shaping the foundation’s focus on education, healthcare, rural transformation, and disaster response.
To lay emphasis on education for all, Akash supports education-related philanthropy done by the Dhirubhai Ambani International School in Mumbai. Under this initiative, the school offers scholarships to underprivileged children and emphasizes holistic development alongside academic excellence.
As a sports enthusiast, Akash plays an important role in promoting sports in India and supports various sports development programs for grassroots-level athletes to nurture young talent. Through the Reliance Foundation, Akash has undertaken various initiatives to promote football and other sports to encourage physical education and a healthy lifestyle.
Akash Ambani was involved in Reliance’s extensive relief efforts during the COVID-19 pandemic. The company set up India’s first dedicated COVID-19 hospital in Mumbai, provided medical equipment, and supported frontline workers. Through the Reliance Foundation, Akash helped distribute millions of free meals and essential supplies to those affected by the pandemic.
Apart from this, Akash’s wife Shloka is also engaged in social impact ventures through the Reliance Foundation. Akash and Shloka’s role as philanthropists emphasizes on their commitment towards bringing a positive change in society and uplifting underprivileged societies.
Akash Ambani: Controversies
Akash Ambani has generally maintained a positive and clean public image, apart from his Aston Martin car crash incident in 2013.
Akash Ambani: Awards And Recognition
Akash Ambani has been awarded with the following accolades:
TIME100 Next in TIME Magazine’s list of rising stars 2022
Akash Mukesh Ambani is an Indian businessman who serves as the chairman of Reliance Jio. He is the son of Mukesh Ambani.
Are Akash Ambani and Isha Ambani twins?
Yes, Akash Ambani and Isha Ambani are twins. They were both born on October 23, 1991, to Mukesh and Nita Ambani.
What is Akash Ambani education?
Akash Ambani attended Dhirubhai Ambani International School in Mumbai for his early education. He later went to Brown University in the United States, where he earned a degree in Economics.
Isha Ambani, the eldest child of India’s richest man, Mukesh Ambani, and coheir to India’s largest conglomerate, Reliance Industries, is more than just a billionaire’s daughter. Coming from a prominent business family that has shaped India’s economy, Isha could have easily stepped into the shadows of her father’s legacy. In lieu, she carved a niche for herself as a modern-day ‘Maharani’, illuminating her path with grace, intelligence, and entrepreneurial spirit.
Born and raised in a world of grandiosity, Isha from her early days has always been in the spotlight as a fashion icon. Still, her vision stretched far beyond into the future of retail and digital India. As a key executive at Reliance Industries, she is redefining business boundaries and has demonstrated an exceptional ability to balance tradition with innovation.
Armed with an Ivy League education, Isha’s journey wasn’t just about inheriting a legacy but about rewriting it. With her sharp business acumen, she is the driving force behind Reliance Retail and Jio, making her mark globally. Yet her journey wasn’t without its hurdles while carving her path. Steering through the corporate complexities, Isha has championed sustainable practices, turning obstacles into opportunities.
Isha’s influence extends beyond the corporate world as a prominent philanthropist and a champion for women’s empowerment. From boardroom meetings to defining some of the most innovative ventures, let us unveil how Isha is taking her father’s empire to new heights.
Learn about Isha Ambani, her education, career, family, philanthropy, controversies, Reliance, and more from this article.
Isha Ambani – Biography
Name
Isha Ambani
Born
October 23, 1991
Nationality
Indian
Hometown
Mumbai
Education
Stanford Graduate Business School Yale University
Profession
CEO Reliance Retail Director Reliance Industries Limited Director Reliance Jio Infocomm Member of Board, Jio Member of Board, Jio Financial Services Member of Board, Dhirubhai Ambani International School
On October 23, 1991, Isha was born as the daughter of Mukesh Ambani and Nita Ambani. She is the elder of the three siblings, having a twin brother, Akash Ambani, and a younger brother, Anant Ambani. Isha was raised in the heart of Mumbai’s elite circles, where she was exposed to the business world from a young age.
Isha’s educational journey is as impressive as her family background. She completed her schooling at the prestigious Dhirubhai Ambani International School in Mumbai and later went on to pursue a degree in Psychology and South Asian Studies from Yale University. In 2018, she went to Stanford Graduate School of Business to complete her MBA.
Isha commenced her career as a Business Analyst with a stint at McKinsey & Company. In 2014, she came back to India and officially joined Reliance Industries as a Member of the Board. Isha was also a Member of the Executive Committee for Reliance Jio Infocomm, the telecom arm of Reliance Industries, and quickly rose to become the Director of Reliance Jio Infocomm. In December 2015, Isha, along with her brothers Akash and Anant, launched Jio 4G services. She is also a Member of the Board for Reliance Jio, Reliance Foundation, and Dhirubhai Ambani International School.
As a part of the executive leadership team of Reliance Retail, in 2016, Isha launched Ajio, an online fashion brand under Reliance Retail. She rose to become the Managing Director for Reliance Retail, driving its rapid growth and diversification into new markets. Under her vision, Ajio has grown to house over 25,00 brands and commands 15% of the eCommerce fashion market in India with annual sales of over $2 billion. Her advanced digital-first strategy helped modernize the company’s operations, making Reliance Retail a dominant force in the Indian eCommerce market.
In August 2022, Isha was appointed CEO of Reliance Retail by her father, Mukesh Ambani. In July 2023, Isha closed a deal with America’s biggest apparel brand, GAP, and launched over 100 outlets across India. With a vision to bring luxury brands to India, she developed Jio World Plaza, a high-end shopping and entertainment complex in Mumbai, and inaugurated it in November 2023.
Over time, Isha has taken on increasingly significant responsibilities at Reliance Industries. She has been instrumental in driving the company’s expansion into new sectors, such as retail, telecom, healthcare, financial services, and new energy. Her contributions have been particularly notable in the areas of consumer products and retail, where she has played a key role in launching and growing successful businesses.
On December 12, 2018, Isha Ambani married Anand Piramal, the son of Ajay Piramal, Chairman of the Piramal Group. Their wedding was one of the most extravagant events that was attended by global business leaders, Bollywood celebrities, political figures, and international guests like Hillary Clinton and Beyoncé.
Isha Ambani and Anand Piramal are parents to twins, one son, Krishna Ambani Piramal, and a daughter, Aadiya Ambani Piramal, born on November 19, 2022. Despite their busy professional and social lives, Isha and Anand are known to share a deep-rooted connection with their families and have high beliefs in their families’ cultural values.
Isha is not just an entrepreneur and fashionista, but an inspiration for many young girls and women in the true sense.
Speaking openly about her motherhood through IVF in an interview with Vogue, she says, “I am very quick to say that my twins were conceived via IVF because that is how we will normalize it, right?” Isha further states, “If there is modern technology in the world today, why not use it to have children?”
She truly believes that motherhood is something you should be excited about; even if achieved through IVF, you must own it with pride and not hide. Isha’s bold move and open statements on IVF have sparked noteworthy conversations around fertility, choice, and women’s empowerment, inspiring many young women.
Isha Ambani – Philanthropy
Isha Ambani is the co-founder of the Reliance Foundation, a non-profit organization chaired by her mother, Nita Ambani. The foundation concentrates on various causes such as education, healthcare, rural development, disaster response, and sports development in India.
One of Isha’s significant contributions has been in the field of education, promoting digital schooling and sports for all. She has been instrumental in starting initiatives like ‘We Care, We Volunteer,’ which aims at providing education, art, and storytelling for underprivileged children.
In healthcare, Isha has played a key role in expanding the foundation’s initiatives to provide affordable and accessible healthcare services. Under Reliance Foundation, she has taken up the ingenuity to spread breast cancer awareness and has launched a book, Being Breast-Aware: What Every Woman Must Know,’ a book written by Dr. Vijay Haribhakti, Chair, Onco Sciences, Sir HN Reliance Foundation Hospital. To improve the overall health of millions of Indians, Isha has introduced programs, mobile health units, and community health initiatives under the Reliance Foundation.
Isha is also involved in sports development, continuing her mother’s legacy of promoting sports at the grassroots level. The Reliance Foundation Youth Sports (RFYS) program has helped thousands of young athletes hone their skills, providing them with training, equipment, and opportunities to participate in national and international events.
Beyond the Reliance Foundation, Isha and her husband, Anand Piramal, are also engaged in social impact ventures through the Piramal Foundation, focusing on healthcare, education, and social entrepreneurship. Isha’s role as a philanthropist emphasizes her commitment to driving impactful social change and uplifting marginalized communities.
Isha Ambani has generally maintained a positive public image, but being a prominent figure, there have been a few instances where she has been a part of criticism or controversy.
Reliance Jio Controversy:Reliance Jio, a telecom company where Isha holds an executive leadership role, has faced some controversy during its launch. Many critics accused the company of using unfair tactics to gain market share and of harming the interests of existing players in the telecom industry.
Environmental Concerns: Isha’s business ventures, particularly in the energy sector, have also faced criticism over environmental concerns. Some projects have been associated with issues such as land acquisition, pollution, and deforestation.
Isha Ambani – Awards And Recognition
Isha Ambani has received several awards and accolades for her intense business acumen, leadership, and contributions to transforming Reliance Industries.
In 2015, Forbes’ 30 Under 30 Asia list for her crucial role in the launch of Reliance Jio.
In 2020, Forbes Asia’s Power Businesswomen across the Asia-Pacific region to spearhead Reliance Retail and Reliance Jio.
Among the Twelve Most Powerful Upcoming Businesswomen of Asia byFortune India.
Second-youngest billionaire heiress on the Forbes list, with a net worth of $100 billion.
‘The Economic Times’ list of most powerful women in business.
Featured in The Times Power List.
Credited with the GenNext Entrepreneur Award at the 12th Forbes India Leadership Awards 2023.
Won Maharashtrian of the year 2024.
Recognized as a rising star at TIME100 Next List.
Ranked 31st in the Hurun India Under-35 list of entrepreneurs.
Icon of the Year Award at the Harper’s Bazaar Women of the Year Awards (2024).
We are living in times of exponential changes. The world is changing, the world is innovating, and if we are to survive in this fast-changing world, we too must innovate. So, for everyone present here today: Be ready to embrace the change. Be prepared to take up Science & Technology as a career option because Science & Technology hold the key to the future. The majority of future jobs are going to be in those realms. So, break the shackles to tradition, challenge yourself, and be the changemaker. – Isha Ambai as Director, Reliance Industries.
💡
I have a private account on Instagram because there’s no need for me to have a public account. I’m not an influencer, and it’s not something that I want to be. I don’t want to be known for the number of followers I have. I use social media for fun—scrolling through Instagram is a huge source of entertainment for me!” – Isha Ambani to Vogue.
FAQs
Who is Isha Ambani?
Isha Ambani is the daughter of Mukesh Ambani, one of the richest people in India and the chairman of Reliance Industries. She plays a key role in the family business, especially in the retail and telecom sectors. Isha is also known for her leadership in launching Reliance Jio and has been involved in various projects at Reliance.
What is Isha Ambani education?
Isha Ambani did her schooling at Dhirubhai Ambani International School in Mumbai. After that, she went to Yale University in the United States, where she earned a degree in Psychology and South Asian Studies. Later, she pursued an MBA from Stanford Graduate School of Business.
What is Isha Ambani age?
Isha Ambani was born on October 23, 1991. As of 2024, she is 33 years old.
Who is Isha Ambani husband?
Isha Ambani’s husband is Anand Piramal. He is the son of billionaire industrialist Ajay Piramal, who leads the Piramal Group, a large conglomerate in India.
