Mukesh Ambani says Jio Platforms’ IPO plans are progressing, pointing to a major step forward. He attributes valuation strength to subscriber momentum, improving ARPU, and continued growth. The listing, he suggests, could unlock significant value and potentially rank among India’s largest IPOs—watch closely for what comes next.
Reliance Industries is reportedly set to file draft IPO paperwork for Jio Platforms in May, a move delayed from March after market downturns. The revised draft could include full fiscal year earnings, offering investors a clearer snapshot. If it proceeds, the listing may become India’s largest-ever IPO, depending on regulatory approvals and market conditions.
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Gautam Adani has overtaken Mukesh Ambani to become Asia’s wealthiest individual, with a reported net worth of $92.6 billion as of April 16. The jump follows a surge in Adani Group share prices that helped reverse earlier setbacks. Adani is now ranked 19th on the Bloomberg Billionaires Index, marking a major turnaround.
Mukesh Ambani has again filed for a nil salary as Reliance Industries chairman, continuing a streak for the fifth consecutive year that began during the COVID-19 pandemic. While Ambani’s own pay is reportedly ₹0, his children Isha, Akash, and Anant earned ₹2.31 crore each as non-executive directors, alongside steady compensation for other executives.
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