Mukesh Ambani’s Jio: Reliance Jio’s 3-Year Journey To India’s Largest Telco In Numbers
Mukesh Ambani, the billionaire businessman, Asia’s richest person and Chairman of India’s largest listed enterprise, has been thoroughly credited for the revolutionary success of the three-year-old disruptive telecommunications enterprise — Reliance Jio Infocomm Ltd. Reliance Jio was launched for the common public on September 05, 2016.
Within a span of three years of the commercial launch of Reliance Jio, the age-old telecom player Bharti Airtel has been reduced third place in number of subscribers, Vodafone India & Idea Cellular were forced to amalgamate their businesses, a number of other telecom firms such as RCom, Telenor, Aircel and Tata Teleservices either got sold or have to shut down their operations.
Reliance Jio has recently surpassed Bharti Airtel and newly-merged Vodafone Idea to become the biggest telecom company in India. We take a look at Reliance Jio’s three-year journey in numbers.
Jio’s journey to India’s largest telecom operator in numbers
Jio turns profitable
Jio turned profitable within less than 18 months of its commercial launch. Jio posted a net profit of Rs 504 crore in the Oct-Dec quarter of FY18. For the same period, the then-largest telecom company Airtel reported a consolidated profit of Rs 306 crore.
Jio’s 1 crore subscribers
Jio created a world record in customer acquisition in one month of its commercial launch, the fastest by any other enterprise including Facebook, WhatsApp and Skype. Jio captured more than 1.6 crore subscribers in September 2016.
Jio crosses 10 & 30 crore subscriber
Jio had crossed 10 crore subscribers within 170 days after its launch on September 5, 2016. Jio achieved the 30-crore subscriber mark within two-and-a-half years of its operations in March 2018. Bharti Airtel took as much as 19 years to cross the 30 crore mobile subscribers.
Jio overtakes Bharti Airtel
Jio piped India’s age-old telecom enterprise Bharti Airtel in July 2019 to become the second-largest telecom company in India. Jio with the then subscriber count of 30.6 crores overtook Airtel with a total of 28.4 crore subscribers.
Jio pips Vodafone Idea, becomes the largest telco
In the same month, Jio surpassed the subscribers of Vodafone Idea to become the largest telecom company in India with a total of 33.13 crore mobile users.―Times Now
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