An investment of Rs 1,000 in Reliance Industries shares in 1977 has now turned to over Rs 16.50 lakh in the past 40 years, Chairman of oil-to-telecom behemoth Mukesh Ambani said while addressing the 40th Annual General Meeting on Friday. The figures show that company has doubled investor’s wealth in every 2.5 years.
JioPhone will be available at effective price at Rs 0. Voice calls will always be free on Jio phones. Jio will give access to unlimited data on Jio phone from August 15 this year which will cost Rs 153 per month on JioPhone.
The company will charge Rs 1,500 against JioPhone, which will be fully refundable after 3 years.
Before the launch of Jio, India was 155th in the world mobile broad penetration. Now, India has overtaken the US and China in mobile data usage.
It took 25 years for telecom players to build 2G network. Jio have created a larger 4G network in just 3 years, Ambani said.
Jio phone will be 100 per cent 4G LTE phone. The phone will support 22 languages.
During the past four years, the headcounts in the company have grown from 3,500 in 1977 to 2,50,000 at present.
Mukesh Ambani said net profit of the company has grown by 10,000 times in the past 40 years.
5 lakh crore
During the years, market capitalisation has multiplied from Rs 10 crore in 1977 to Rs 5 lakh crore.
In less than 170 days, more than 100 million customers signed up for Jio’s services. Reliance Jio Infocomm is the latest player in the telecom industry. Jio has grown faster than Facebook, Skype and Whatsapp since inception. Team Jio delivered over 100 million customers target.
Total assets of the company have increased from Rs 33 crores in 1977 to over Rs 700,000 crores, indicating a surge of over 20,000 times.
Total turnover of the company has grown Rs 70 crores in 1977 to over Rs 3,30,000 crores, a rise of nearly 4,700 times.
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