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The Economic Times
The Economic Times
Business
Nikhil Agarwal

Jio IPO beyond telecom: Why the Ambanis are pitching AI, cloud and 7,220 patents as Jio’s tech future

Jio Artificial Intelligence IPO RHP Akash Ambani Jio Platforms India Reliance Jio Infocomm RJIL Google

Jio Platforms is seeking a technology premium for a business whose current financial engine remains overwhelmingly telecom. The Reliance Industries unit is presenting its proprietary 4G and 5G stack, cloud infrastructure, artificial intelligence capabilities and 7,220 patent applications as the foundation for a broader digital services platform as its ₹30,213 crore initial public offering (IPO) opened for subscription today.

The company’s red herring prospectus (RHP) describes Jio as a technology platform built on proprietary digital technology and pan-India connectivity. Brokerages similarly classify it as a technology-led digital platform spanning connectivity, enterprise solutions, cloud, entertainment and AI.

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