Akash Ambani named Jio Platforms MD for five years as $4 Bn IPO at $200-240 Bn valuation nears
Jio Platforms has appointed Akash Ambani as Managing Director for a five-year term starting April 2026, locking in succession ahead of a reworked $4 Bn IPO. Bankers peg the digital arm at $200-240 Bn. Q4 FY26 net profit rose 13% YoY to ₹7,935 Cr on revenue of ₹38,259 Cr (+12.6%).
What happened
Jio Platforms appoints Akash Ambani as MD for five years effective April 2026, ahead of IPO reworked toward a fresh issue. Bankers value the digital arm at
Key facts
- $4 Bn IPO
- $200-240 Bn valuation
- 66.43% RIL stake
- Q4 FY26 net profit ₹7,935 Cr (+13% YoY)
- Q4 FY26 revenue ₹38,259 Cr (+12.6% YoY)
- $20.5 Bn raised in 2020
Why this matters
Succession clarity ahead of listing sharpens Jio Platforms as a partnership and M&A counterparty across telecom, AI, and digital services through the end of the decade.