Jio was first seeded by daughter Isha in 2011, says dad Mukesh

NEW DELHI March 16, 2018: Billionaire Mukesh Ambani’s revealed at an event on Thursday night that telecom venture Jio was first seeded by his daughter, Isha, in 2011, media reports said on Friday. The Jio venture positioned India as the world’s largest mobile broadband data consuming nation in less than two years.

Reliance Industries was presented with the ‘Drivers of Change’ award at the Financial Times ArcelorMittal Boldness in Business Awards.

Since the idea first cropped up, Jio, dislodged rivals and has emerged as the nation’s No. 4 carrier by offering call services free for life and data transmission at very cheap rates.

“We launched Jio in September 2016. And today Jio has already become the biggest game changer in India,” he said.

Jio has made voice-calling free for life and has also made high-quality data available at the lowest price in the world — at almost one-tenth the prices in the US, he said, and the firm acquired more than 100 million customers in just 170 days of launch.

Top