Reliance Jio: revenue 2024

Reliance Jio reported a revenue close to 1.3 trillion rupees in fiscal year 2024. Values showed an exponential growth in revenue since 2019. It is owned by India's richest person, Mukesh Ambani, and a wholly owned subsidiary of Reliance Industries Limited, the telecommunications company.

Insights into Reliance Industries Limited in India

Reliance Industries limited is a multinational company, headquartered in Mumbai. It operates in varied sectors such as health, chemicals, retail, oil and gas, and financial services. Over the past few years, the company experienced a significant growth in its net worth despite the pandemic in 2020. The net worth of Reliance Industries Limited stood at 7.4 trillion Indian rupees, increasing about 50 percent compared to the net worth in 2020. Despite massive layoffs worldwide during and after the COVID-19 pandemic, the number of employees at Reliance Industries Limited has been increasing constantly for the last decade.

Wireless network in India

India has many wireless service providers, such as Bharti Airtel, Reliance Jio, Vodafone Idea, and BSNL. In financial year 2024, Reliance Jio had the highest share in the wireless subscriber market, valuing over 39 percent. It also saw more than 400 million wireless subscribers across India.

Revenue of Reliance Jio from financial year 2019 to 2024 (in billion Indian rupees)

Characteristic	Value in billion Indian rupees
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Release date

August 2024

More information

Region

India

Survey time period

FY 2019 to FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

One Indian rupee equals 0.011 euros and 0.012 dollars (as of Sept. 2024).

Values have been rounded for clarity.

No separate revenue data available for Reliance Jio from previous years.

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