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When do you think a revolution came in the telecommunication industry? Well, the most common answer is after the launch of Mukesh Ambani’s Jio. This company made an incredible entry into the Indian mobile telecom sector with the most exclusive cost leadership strategy that revolutionized the whole market of telecommunication. But how do you think did that happen? Was it the investments in the company or the business model or Mukesh Ambani’s strategic plans? To know more about How Jio Started and the Success Story of Reliance Jio, go through this article...
The slogan of Reliance Jio is ‘Digital Life’ while a popular tagline of Jio has been ‘Jio jee bharke’ which means live life to the fullest
Reliance Jio - Company Highlights
| Company Name | Jio (Joint Implementation Opportunities) |
|---|---|
| Headquarter | Mumbai, India |
| Sector | Telecommunications |
| Founder | Mukesh Ambani |
| Founded | 15th February 2017 |
| Revenue | INR 17,481 Crore (FY21,Q2) |
| Profit | INR 2,844 Crore (FY21, Q2) |
| Average Revenue per User (ARPU) | INR 140 (FY21, Q1) |
| Reliance Jio Slogan | ‘Digital Life’ |
| Reliance Jio Tagline | ‘Jio jee bharke’ (Live life to the fullest) |
| Parent Organization | Reliance Industries |
| Website | jio.com |
Reliance Jio - Latest News
About Jio
Founders of Jio and team
How was Jio Started?
Jio - Name, Tagline, and Logo
Jio - Business Model and How it Works?
Jio - Competitors
Jio - Future Plans
Jio - FAQs
Ashwini
Reliance Jio - Latest News
May 1, 2021 - Reliance Jio recorded a 47.5% year-on-year profit in the fourth quarter of FY21. It posted a net profit of INR 3,508 crore. By the end of Q4 FY21, Reliance Jio reached a customer base of 426 million with a gross addition of over 31 million users.
March 9, 2021 - Reliance Jio announces plans for integrated fibre connectivity and digital solutions to transform over 50 Million small and medium businesses in India. A statement released by Reliance Jio said - "Under this plan, Indian MSMEs will get Jio connectivity at one-tenth (1/10th) of the existing price in the market. They will also be able to collaborate with Jio partners to get easy-to-use solutions"
March 8, 2021 - Reliance Jio to launch its new product JioBook. After years of speculation, it is believed that the product is in the Engineering Validation test stage. JioBook is a laptop, that is said to be affordable and would attract a lot of customers. As per the speculations the price of the laptop would start from INR 10,000 onwards.
March 2, 2021 - Reliance Jio emerged as the top bidder in India’s $11 billion airwaves auction. Reliance Jio bought airwaves worth Rs 571.23 billion ($7.8 billion) of the total Rs 778.2 billion raised in the latest spectrum auction. Jio's competitors - Bharti Airtel Ltd., spent $2.6 billion and Vodafone Plc’s India unit bought spectrum worth Rs 19.9 billion.
February 23, 2021 - Reliance Jio plans to build a data center in UP with approximately $950 million as an investment. This center will be powered by its own renewable energy plant.
About Jio
When Anil Ambani and Mukesh Ambani had a split in the year 2005 it was one of the biggest de-merger in the industry. The dream project of Mukesh Ambani that was Reliance Infocom became a part of Anil Ambani Group. Further Mukesh Ambani went on to acquire the company Infotel Broadband Services Limited which was the only successful bidder across India for the 4G network.
That is when Mukesh Ambani’s Reliance Limited started working in establishing a base for high-speed optical fiber 4G network which is much more capable than 4G. The company was named Reliance Jio Infocom Ltd popularly known as Jio today. Jio was the first network to provide 4G LTE services and VoLTE services.
Jio launched this service on 5th September 2016 for all the users and also launched its smartphone series with the name LYF. Reliance Jio Infocom Ltd (RJIL) focused on high-speed data instead of voice and SMS. On its launch, the company announced data plans with 1GB 4G data per day in the market where mostly all popular telecom providers offered 1GB data per month.
This was a game-changer by RJIL in the price-sensitive market of India as the prices before that revolved around Rs.250-300 for 1 GB 4G data which went down to Rs. 5 per GB during the initial days. With such amusing plans gradually Jio also offered free voice calling and free 100 SMS per day for all its Prime members.
PV Vyshnavi
Founders of Jio and team
Mukesh Dhirubhai Ambani is one of the richest man in the world. He is the Founders of Jio
Mukesh Dhirubhai Ambani is one of the richest man in the world. He is the richest man of India and his family is the richest family of Asia as reported by Forbes. Mukesh Dhirubhai Ambani is the director and chairman of Reliance Industries Ltd which is one of the biggest conglomerates of India.
Mukesh Ambani was born in Aden but he grew up in Mumbai. Being one of the most influential and powerful personalities of the country he has provided his business acumens to the whole world. Mukesh Ambani is the owner of the world’s largest refinery. He has achieved tons of notable accomplishments and is a part of many renowned institutes as well.
Alan Joseph
How was Jio Started?
Some time back, Mukesh Ambani the founder of Jio was asked about how he thought of coming up with such an amazing idea to which he said that this idea was seeded by his daughter Isha Ambani. In 2011, Isha Ambani was a student at Yale in the US and was home for holidays.
She told her dad that how bad the internet connectivity was at their house because she couldn’t submit her coursework. At that time Mukesh Ambani realized that how India is suffering from bad and poor connectivity of the internet.
The data was severely scarce and overpriced which was unaffordable to a majority of Indians. Since then Mukesh Ambani started working on Jio to make the data services abundant and affordable in every part of the country.
PV Vyshnavi
Jio - Name, Tagline, and Logo
JIO stands for Joint Implementation Opportunities and the full name of the company is Reliance Jio Infocom Ltd.
The logo of Reliance Jio has a hidden meaning. When we flip the logo and look at its mirror image it is read as ‘oil’ which represents the past and future of Reliance. The company Reliance became the huge giant in the 20th century because of its Oil business and in the 21st century probably the flipped version Jio has created that revolution.
The slogan of Reliance Jio is ‘Digital Life’ while a popular tagline of Jio has been ‘Jio jee bharke’ which means live life to the fullest.
Jio - Business Model and How it Works?
Reliance Jio had really smart strategies and most of them belonged to the founder Mukesh Ambani. For its initial year, Jio gave unlimited data services and high-quality Volte calling services at very nominal charges. The complete change in the market made other telecom operators change their business models.
Such offers created a lot of radical and unexpected changes in the consumer’s behavior as well. Also, it led to many mergers and acquisitions in Indian mobile network providers. Jio, in turn, made people use more and more services so that they spend more.
Recently Jio has now started to charge 6 paise per minute on calling services as well. Well in the initial phase Reliance took a big risk to enter into the telecom industry but has proved to be one of the best companies in the current market.
Lakshya Singh
Jio - Competitors
There are many telecommunication brands which have sustained their brand for years, even before Reliance Jio was launched. The popular brands like Airtel, Idea, Vodafone, etc. had achieved customer's trust for years but the entry of Jio made them change their business strategies and workings.
Small network operators like Aircel, Tata Teleservices, and Telenor had to shut down their functions in India because of the revolution brought by Jio into the market. The profits of other Telecom operators have also drastically decreased since Jio’s inception.
Ansh Mehrey
Jio - Future Plans
Mukesh Ambani recently in an interview stated that Reliance Jio is now focusing on growing the teledensity in the rural and remote areas. The company is continuing to grow the demand for telecom services and provide digital services with greater services.
The company may also expand from being a digital telecom service provider to a digital services player which also offers services related to agriculture, healthcare, and education. Jio also aims to be an influencer and initiator in bringing and developing 5G services in India.
Jio - FAQs
What is Reliance Jio Tagline/Slogan?
The slogan of Reliance Jio is ‘Digital Life’ while a popular tagline of Jio has been ‘Jio jee bharke’ which means live life to the fullest.
Who is Reliance Jio Founder?
Mukesh Dhirubhai Ambani is the founder of Reliance Jio
How much is Reliance Jio Revenue?
In the second quarter of FY2021, it reported a revenue of INR 17,481 Cr with a profit of INR 2,844 Cr. In Q1, the company reported INR 16,557 Cr in revenue. Reliance Jio's average revenue per user (ARPU) has gone up to INR 140, during Q1 of FY2021.
Who are Reliance Jio's top competitor?
Airtel, Idea, Vodafone & more are the competitors of Reliance Jio.
How much is Mukesh Ambani's net worth?
7,620 crores USD (as of 2021)
Does Reliance Jio have any subsidiaries?
Yes. Reliance Jio's subsidiaries are : LYF and Reliance Jio Infocomm Pte. Ltd.
How much is Reliance Jio's customer base?
As of February 2021, Reliance Jio maintained its lead in the broadband segment with 410.84 million customers.
Author: Rishabh Rathi
Source : https://startuptalky.com/jio-success-story/
Date : 2021-05-03T06:24:00.000Z