Reliance Jio: A peep into Mukesh Ambani’s $20 billion start-up

Reliance Jio: A peep into Mukesh Ambani’s $20 billion start-up

At the vast open-plan headquarters of Indian telecoms start-up Jio, billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service. The 59-year-old is India’s richest man, and his Reliance Industries oil & gas group is the country’s most profitable.

Now, though, he’s betting at least $20 billion on building, from scratch, a national digital empire stretching from phones and hardware to home entertainment and custom-made apps. Read more

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