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In 2024, Jio Financial Services established a subsidiary called Jio Leasing Services Ltd, an unrelated leasing services business. [14] The subsidiary signed a $4.4 billion deal with another promoter-owned company, Reliance Retail for leasing routers. [15] Some commentators saw this deal as a way to prop up the revenue of Reliance Retail. [16]
Jio Payments Bank Limited is an Indian payments bank, it started operating in 2018 and is currently a subsidiary of Jio Financial Services, which was initially owned by Reliance Industries but was listed separately on stock exchanges in 2023.
Reliance Jio Infocomm Limited (d/b/a Jio) is an Indian telecommunications company and a subsidiary of Jio Platforms, headquartered in Navi Mumbai. It operates a national LTE network with coverage across all 22 telecom circles. Jio offers 5G, 4G and 4G+ services all over India. Its 6G service is in the works. [10] [11] [12] [13]
Jio Platforms Limited, essentially a technology company, is a majority-owned subsidiary of RIL. It has a valuation of more than US$ 100 billion on expert view as of October 2022. It is the result of a corporate restructuring announced in October 2019, resulting in all the digital initiatives and the telecommunication assets being housed under ...
Jio soft-launched on 27 December 2015 with a beta for partners and employees [6] [7] [8] and became publicly available on 5 September 2016. It is the largest mobile network operator in India and the second largest mobile network operator in the world, with over 42.62 crore (426.2 million) subscribers.
Reliance later entered into financial services, petroleum refining, and power sector. By 2002, Reliance had grown into a U$15 billion conglomerate . After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons.
It is owned by Sameer Manchanda and was acquired by Reliance Industries in 2018 along with Hathway. [4] In 2003, it stood as one of the three major cable distributors in India alongside Hathway and InCablenet. [5] On 17 October 2018, Reliance Industries announced that it had acquired a 66% stake in DEN for ₹ 2,290 crore (US$260 million). The ...
Financial Services: Aditya Birla Capital manages around Rs. 3.6 trillion AUM and has a lending book of about Rs. 943 billion as of 31 March 2023, through its subsidiaries and joint ventures. [ 57 ] Fashion and Retail: A fashion and lifestyle company headquartered in India, Aditya Birla Fashion and Retail Ltd. (ABFRL) was renamed from Pantaloons ...