Reliance Jio, the telecom arm of Reliance Industries, is expected to go public in 2025, according to a Reuters report.
The company, which has over **480 million subscribers**, is preparing for its **IPO** after stabilizing its business. Jio, valued at over **$100 billion**, is backed by major investors like Google, Meta, and KKR.
While Mukesh Ambani had hinted at public listings for both Jio and **Reliance Retail** back in 2019, there have been no updates on these plans until now.
Reliance Retail, also valued above $100 billion, is unlikely to be listed until after 2025 due to some internal challenges.
Meanwhile, Jio is gearing up to compete with **Starlink**, Elon Musk’s satellite internet service, if it launches in India. Jio has also partnered with **Nvidia** to develop AI infrastructure.
While no official IPO valuation has been set yet, experts estimate Jio’s IPO could be valued at **$112 billion**, potentially making it India’s largest-ever IPO.