Reliance AGM 2024: Jio world’s largest mobile data company, carries nearly 8% of global mobile traffic

During the 47th annual general meeting of Reliance Industries Limited (RIL) on August 29, 2024, Chairman Mukesh Ambani highlighted Jio’s remarkable achievements over the past eight years.

“In eight short years, Jio has transformed India into an inclusive premium digital society. We have democratised digital services, making them accessible to every citizen, and business across our nation," he said.

Ambani emphasised how Jio has played a pivotal role in transforming India into a premium digital society, making digital services accessible to every citizen and business across the nation. This transformation has positioned India as the world’s largest data market, with Jio now handling nearly 8 per cent of global mobile traffic, surpassing many global operators.

Jio’s Commitment to Affordability and Service Quality
Ambani noted that Jio’s commitment to affordability has been a key factor in its success. The telecom giant offers data services at prices that are one-fourth of the global average and just 10 per cent of those in developed countries, making its services accessible to all.

More from Tech

How ChatGPT is becoming everyone’s BFF and why that’s dangerous America ready for self-driving cars, but it has a legal problem

This approach has not only democratised digital access in India but also set new benchmarks for service quality on the global stage. Jio’s mobile subscriber base has grown to 490 million, with each customer using over 30GB of data per month, driving a 33 per cent increase in data traffic over the past year.

In addition to its mobile services, Jio has made significant strides in home services, now serving nearly 30 million customers across its digital broadband and television services. This expansion has made Jio one of the largest digital service providers in the country.

Impact Shorts

More Shorts

America ready for self-driving cars, but it has a legal problem

Alibaba, Baidu begin using own AI chips as China shifts away from US tech amid Nvidia row

“We have also made significant strides in home services, with nearly 30 million home customers across our digital broadband services and digital television services. This makes us one of the largest digital service providers,” he said.

Jio’s Technological Advancements and Financial Strength
Jio has also become a trusted partner for over a million small and medium businesses in India and 80 per cent of the top 5,000 large enterprises in the country. At the core of Jio’s success is its fully homegrown 5G technology stack, developed by the company’s engineers to meet India’s unique needs.

This end-to-end solution has proven itself on a national scale, further establishing Jio as a deep-tech innovator.

Over the past year, Jio welcomed more than 43 million new subscribers to its broadband services, contributing to revenue that surpassed the Rs 1,00,000 crore mark. The company’s profits exceeded Rs 20,000 crore, and its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 50.1 per cent.

These achievements have placed Jio Platforms among the top 12 companies in India in terms of net profits, underscoring the company’s financial strength and operational excellence.

Additionally, Jio is now one of India’s largest patent holders in mobile connectivity technology, with over 350 patents in 5G and 6G technologies. The company’s workforce of nearly 18,000 professionals has mastered cutting-edge technologies, building and operating industry-leading solutions that continue to drive Jio’s success.

Firstpost is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.