Akash Ambani Named Jio Platforms MD Ahead of $133bn IPO
Reliance locks in five-year leadership for Jio Platforms effective April 2026, with Zia Mody joining as independent director. FY26 revenue rose 14.7% to ₹1.72 trillion; net profit hit ₹30,053 crore. Sets governance backdrop for H1 2026 listing at a 13x EV/Ebitda anchor.
What happened
Jio Platforms named Akash Ambani MD for five years effective April 2026, ahead of its $133bn IPO. Zia Mody joins as independent director. FY26 revenue rose
Key facts
- 524.4 million subscribers
- $133 billion valuation
- 13x EV/Ebitda
- revenue ₹1.72 trillion
- net profit ₹30,053 crore (+15%)
- Ebitda ₹76,255 crore (+19%)
- RIL target ₹1,700
Why this matters
Governance lock-in with Zia Mody as independent director de-risks the $133bn float, signaling a narrowing window to negotiate strategic tie-ups before public-market scrutiny resets terms.