Ahead of its initial public offering (IPO), Jio Platforms has appointed Akash Ambani as its Managing Director for a period of five years, effective April 9, 2026.
As per media reports, the appointment has come as the company has prepared to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to seek approval for listing.
Akash Ambani, the eldest son of Mukesh Ambani, had joined the leadership team of Reliance Jio Infocomm as a non-executive director in 2014 after graduating in economics from Brown University. He had later been appointed chairman of Reliance Jio Infocomm in June 2022.
With this appointment, Akash Ambani has become the first among siblings Isha Ambani and Anant Ambani to receive the designation of Managing Director within the group.
Separately, Zia Mody, co-founder and managing partner of AZB & Partners, has been appointed as an independent director of Jio Platforms for five years, according to MCA filings dated April 21. With her induction, the company’s board strength has increased to 10 members.
Jio Platforms, which houses the telecom and digital services businesses of Reliance Industries, has continued preparations for what is expected to be one of India’s largest IPOs by a private company. Reliance Jio has remained the country’s largest telecom operator by market share, with a subscriber base of 524.4 million as of March-end.
During Reliance Industries’ annual general meeting last year, Mukesh Ambani had stated that the company was making arrangements to file for a public offer and was targeting a listing in the first half of 2026.
For FY26, Jio Platforms has reported a 14.7% rise in revenue from operations to Rs 1.72 trillion. Net profit for the year has stood at Rs 30,053 crore, up 15%, while EBITDA has risen 19% to Rs 76,255 crore. The company has attributed the growth to subscriber additions, higher data consumption and traction across mobility, home broadband and enterprise services.
In Reliance Industries’ Q4 earnings statement released on April 24, Mukesh Ambani had said, “I am happy to note that we are advancing steadily towards the listing of Jio Platforms. This will mark a defining milestone in its journey as it continues to scale new heights and contribute to India’s digital future.”
