Jio Platforms IPO buzz: Key things to know ahead of a potential update at Reliance’s 49th AGM

With the 49th annual general meeting (AGM) of oil-to-telecom conglomerate Reliance Industries just an hour away, excitement among market participants and stakeholders is building around potential announcements from the business giant, including updates on the much-awaited initial public offering (IPO) of its digital arm, Jio Platforms.

The stock of RIL was trading flat at ₹1,327.30 on the NSE ahead of the big event.

Jio Platforms enters WIPO Global top 20 patent rankings

On June 14, the company, in its press release, said that Jio Platforms, the technology arm of Reliance Industries, has entered into the global top 20 in the latest Patent Co-operation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO) recently.

Jio Platforms (JPL) climbed 320 places on the list for the year 2025, making it one of the fastest-rising innovators globally and securing it a place among an elite group of global technology leaders, including Huawei, Samsung, Qualcomm, LG, Panasonic, Nokia, Google, Apple, and Microsoft.

With this, JPL has become the only Indian technology innovator to break into the coveted Global Top-20 list.

The report ranks top PCT applicants based on published data, Jio said in the release.

Jio's patent portfolio focuses sharply on next-generation digital technologies, including 5G, 5G advanced, 6G, artificial intelligence, AI-native networks, cloud-native platforms, intelligent automation, radio access, core network software, edge intelligence, fixed wireless access, network slicing, and digital services infrastructure.

Jio Platforms Q4 FY26 profit

Jio Platforms posted a 13% increase in profit after tax (PAT) to ₹7,935 crore in the March quarter (Q4 FY26), Reliance Industries Ltd said in a company filing.

The company had posted a PAT of ₹7,022 crore in the year-ago period.

The revenue from operations during the quarter increased 12.5% to ₹38,259 crore from ₹39,853 crore in the year-ago period.

The average revenue per user of the company, which houses telecom firm Reliance Jio, increased 3.8% to ₹214 during the reported quarter from ₹206.2 a year ago.

Jio IPO: Ambani plans broader stakeholder participation

Reliance Industries Chairman Mukesh D Ambani, according to a PTI report, is evaluating pathways to broader stakeholder participation in Jio Platforms as the timeline set by him for the company's initial public offerings (IPO) nears.

During the Annual General Meeting of RIL in August 2025, Ambani set the timeline of the first half of 2026 for listing Jio.

Ambani, in RIL's annual report published on Thursday, said the company is taking deliberate steps to strengthen Jio's institutional framework, enhance transparency, and prepare it for opportunities ahead as the digital services evolve into a global technology leader.

"We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio's long-term growth, always guided by the principle of sustainable value creation," Ambani said.

RIL holds 66.43% of the paid-up equity share capital of Jio Platforms Limited (JPL). Meta and Google hold 17.71% of the balance, 33.57% in JPL.

Akash Ambani appointed Jio Platforms MD

In May 2026, Jio Platforms has appointed Akash Ambani as managing director of the company ahead of its initial public offering (IPO), according to a regulatory filing.

Jio Platforms is expected to file draft papers for its IPO by the end of May or in June. "Akash M Ambani...appointed as managing director of the company, for a period of 5 years with effect from April 9, 2026," the filing dated May 7 said.

Ambani has been on the board of Jio Platforms' telecom arm Reliance Jio Infocomm (RJIL) since October 2014. In June 2022 , he was elevated to the position of Chairman of RJIL.

During his tenure, Jio achieved the feat of crossing the 100 million subscriber mark in less than six months of its launch in 2016. The company posted a profit of over ₹30,000 crore and revenue of ₹1.46 lakh crore for the fiscal year 2026.