At the company’s 42nd AGM on August 12th, Reliance Industries Limited (RIL) announced that it had become India’s largest and most profitable company among private and public sector companies.
Mukesh Ambani said that Jio has been signing 10 million new customers every month and reaching 500 million subscribers is well within the company’s grasp, especially with several strategic alliances underway.
Ready to kickstart four key engines this year – Internet of Things (IoT), Home Broadband, Enterprise & MSME Broadband – with an annual revenue opportunity for Jio at Rs 20,000 crore from IoT only, RIL has also endorsed Prime Minister Narendra Modi’s goal of making India a 5 trillion dollar economy by 2024.
Will the Indian population openly embrace these advancements in technology or will RIL witness stunted growth going forward?
What is your take on the future of India’s largest multinational conglomerate?