Having gone from petrochemicals prince to communications czar and media mogul, India’s second-richest tycoon now wants to be a tech titan. Or at least, that’s how Mukesh Ambani is hawking his digital empire — not as a boring wireless company collecting $2.25 a month from an average user, but as a hotbed of globally valuable innovation.
The draft prospectus for Jio Platforms Ltd.’s upcoming initial public offering says that more than 11,000 of its employees — two-fifths of the workforce — are in digital products and technology development teams. By March this year, Jio and its subsidiaries had applied for more than 6,800 patents across 4G, 5G, 6G technologies, AI-driven network automation, and other areas.
