How Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio
Isha Ambani said the failed upload led to talks with Akash Ambani that helped shape Jio, which is preparing a Rs 30,213-crore IPO.
- On Thursday, Jio Platforms Director Isha Ambani revealed that the telecommunications giant began in 2009-10 after a failed attempt to upload a college assignment, sharing this origin story ahead of the company's upcoming initial public offering.
- While home in Mumbai from college in the States, Isha and her brother Akash were frustrated when the "internet did not work" during an assignment submission, sparking conversations about why India lacked the connectivity they enjoyed in the West.
- Managing Director of Jio Platforms Akash Ambani believed the solution was creating a digital technology platform, as Isha described Jio's journey as an extension of the Reliance philosophy focusing on long-term perspective, scale, and "hard-coded" execution.
- Jio Platforms set a price band of Rs 1,065 to Rs 1,119 per share for the initial public offering, expected to raise Rs 30,213 crore, with subscription from October 21 to October 23, 2026.
- Reflecting on the company's legacy, Isha noted that Reliance Industries, founded by her grandfather Dhirubhai Ambani in 1977, has delivered 29% annualized returns, and she, Akash, and Anant Ambani remain committed to "Growth is Life.
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Isha Ambani and Shloka Mehta skip heavy ethnic ensembles for simple pink and ivory kurta looks at Jio’s IPO announcement event. See pics
At the October 15 Jio IPO announcement, Isha Ambani wore a soft pink floral kurta set, while Shloka Mehta chose an embroidered ivory ensemble.
Isha Ambani On How A Failed Assignment Sparked Jio's Birth
Isha Ambani, a director on the board of Jio Platforms, revealed that a failed attempt to upload a college assignment in 2009-10 due to poor internet connectivity in Mumbai sparked the idea and subsequent conversations that led to the creation of Jio.
The Economic Times
Times of IndiaHow Akash, Isha Ambani’s missed college assignment led to the creation of Rs 10 lakh crore Jio
A failed college assignment by Isha Ambani helped spark the idea for Jio, which is now preparing for a Rs 30,213 crore IPO at a valuation of around Rs 10.3 lakh crore. Akash Ambani said the proceeds would go towards debt reduction, as Reliance seeks to unlock value from its digital business.
How a college assignment inspired Jio: Isha Ambani recalls its origin story
Isha Ambani recalled how a failed college assignment upload prompted discussions that eventually led to Jio. The account highlights Reliance's long-term approach as Jio Platforms prepares for its initial public offering.
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