The leadership appointment comes as Jio Platforms prepares for its proposed public listing, while the company continues to report strong financial growth driven by rising 5G adoption, broadband expansion and sustained subscriber additions across India.
Jio Platforms Limited has appointed Akash Ambani as its Managing Director for a five-year term beginning April 9, marking a significant leadership transition within the digital and telecom arm of Reliance Industries Limited.
The decision was approved during a meeting of the company’s board of directors held earlier this month. The appointment comes at a crucial phase for the company as it moves closer to its anticipated public listing and prepares to submit its draft red herring prospectus to the Securities and Exchange Board of India.
Akash Ambani, the eldest son of Mukesh Ambani, has been closely associated with the group’s telecom and digital operations for several years. After graduating in economics from Brown University, he joined Reliance Jio Infocomm Limited as a non-executive director in 2014.
In 2022, he was elevated as chairman of Reliance Jio Infocomm, taking on broader operational responsibilities as the company accelerated its expansion in 5G, digital services and home broadband connectivity.
Strong financial performance in FY26
The leadership development comes alongside robust financial performance by Reliance Jio during FY26. The telecom operator reported continued growth across revenue, profitability and subscriber additions, supported by expanding 5G coverage and rising data consumption.
For the January–March quarter, the company posted revenue of Rs 44,929 crore, reflecting a year-on-year increase of 12.7%. Profit after tax rose to Rs 7,935 crore, while EBITDA climbed nearly 18% to Rs 20,060 crore.
For the full financial year FY26, Jio Platforms reported revenue of Rs 1.72 lakh crore and profit after tax exceeding Rs 30,000 crore, highlighting sustained momentum in its digital services business.
Subscriber growth and 5G expansion
The company’s subscriber base crossed 524 million during the fourth quarter, including nearly 268 million 5G users. Reliance Jio added more than 9 million net subscribers during the quarter, while maintaining stable monthly churn levels.
Average revenue per user improved to Rs 214, driven by tariff optimisation and a stronger customer mix. The company also witnessed significant traction in next-generation connectivity services, adding around 75 million 5G users and nearly 10 million fixed broadband subscribers during FY26.
Industry analysts believe the appointment of Akash Ambani signals continuity in leadership as Jio Platforms strengthens its position in India’s rapidly evolving telecom and digital ecosystem ahead of its expected market debut.
