Just a week from now, Jio will enter its 10th year of service to the nation. Looking back, these years have been the most glorious in India's digital history. Today, I'm proud to share with you that the Jio family has crossed 500 million customers. The 500 million milestone is a symbol of your unwavering trust and support. I offer my heartfelt gratitude to each and every one of you. I have heard people say Jio changed my life and I love Jio. But I say from my heart, actually each and every Indian built Jio by simply making it a part of their lives. Let me present a short video of our Jio journey. How 500 million Indians made Jio. All of you made Jio.
Friends, Jio was conceived at a time when India's road to digital transformation was blocked. Prohibitive data prices, poor connectivity and even poorer speeds had stifled the digital aspirations of Indians. That is when we said this must end and Jio ended India's digital poverty within a few years. Jio's bold deep tech initiatives sparked India's technological revolution and became the backbone of our Prime Minister's Digital India mission. Let me mention only five major achievements of Jio which were previously unimaginable. First, Jio made voice calls free from anywhere to everywhere in India. Second, Jio made it a habit for common Indians to watch videos on their mobile and do digital payments also on their mobiles. Third, Jio laid the foundation for India's digital public infrastructure such as Aadhaar, UPI, Jan Dhan, direct bank transfer and empowered a confident new generation. Fourth, Jio enabled the creation of the world's third largest startup ecosystem in India with over 100 plus unicorns. Fifth, Jio's nationwide 5G rollout, the fastest in the world, has laid the foundation for the AI revolution in India. Dear shareholders, as a result of these achievements, the financial performance of Jio is scaling new heights with every passing year. Jio's revenue was 1,28,218 crores, a growth of 17% year-on-year for the financial year 25 and our EBITDA was 64,700 crores. These figures are a testimony to the enormous value Jio has already created and the still greater value it is destined to create. Today it is my proud privilege to announce that Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026 subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors. Friends, Jio's plans for the future are even more ambitious. They rest on five assurances. One, Jio will connect every Indian on mobile and home broadband. Two, Jio will empower every Indian home with digital services like Jio SmartHome, JioTV Plus, JioTV OS and seamless automation. Three, Jio will digitize every Indian business and enterprise with simple, scalable and secure platforms. Four, Jio will herald the AI revolution in India. Our motto is AI everywhere for everyone. And five, Jio will expand its operations outside India with our own technology to people around the world. I am extremely confident that the path ahead for Jio is even brighter than its journey so far.
