"Watch Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, unveil the most affordable feature phone in the Indian market at the 40th Annual General Meeting of RIL.
This year marks the 40th anniversary of Reliance Industries Limited post IPO. In just four phenomenal decades, Reliance has grown from a small start-up to becoming one of the largest and most admired companies in the world. From a textiles company, Reliance has created multiple growth engines in energy, materials, consumer and digital businesses. In the last 40 years, Reliance Industries has grown by leaps and bounds, breaking innumerable records along the way. With a turnover of around 330,000 crores, net profit of nearly 30,000 crores and a 2,50,000 strong workforce, it is quite clear that all of these achievements have very few parallels anywhere in the world.
Reliance Jio - the digital services initiative by Reliance Industries Limited has shown a tremendous growth rate, breaking one world record after another, that too within a span of mere 10 months! With over 125 million customers, Jio redefined technology service adoption and became the fastest growing company in the world. Jio revolutionized data consumption and made India the number 1 data-consuming nation globally, beating nations such as U.S.A. and China.
Despite the digital revolution brought about by Reliance Jio, a vast majority of Indian mobile users are starved of data as they can't afford 4G smartphones, nor can they afford cost of data charged by 2G operators. Jio has brought another revolutionary change in order to make data affordable and available to all the Indian population and bridge this urban-rural divide. Jio aims to achieve this in three ways – Connectivity, Data Affordability and Device Affordability. Jio services will cover 99% of our country’s population in the next 12 months and because of Jio India’s 4G coverage will be more than its 2G coverage. Even an entry-level smart phone costs between Rs 3,000 to Rs 4,500 making it unaffordable for feature phone users to upgrade to a smartphone. Jio has come up with a revolutionary device, an unmatched innovation - JioPhone. Jio reinvented the conventional feature phone and launched a breakthrough device called the JioPhone that will unleash a Digital Life for every Indian. Jio once again disrupted market tariffs by making voice free for 50 Cr feature phone users, Introducing an unlimited data plan for JioPhone users at only Rs 153 per month, Introducing an innovative JioPhone TV-Cable to help connect the JioPhone to ANY TV for watching your favorite internet content and Announcing affordable ALL UNLIMITED sachets at Rs 53 for a week and Rs 23 for 2 days.
Not just this, JioPhone is effectively free for Jio customers! JioPhone - with features including 4G VoLTE, voice command recognition, compact design, 4-way navigation and much more - will be available for pre-booking from 24th August, 2017.
Apart from bringing about this successful digital revolution through Jio, Reliance Industries continues to achieve record breaking success in other sectors as well such as Petrochemicals, Petroleum Refining, Oil and Gas Production, Organized Retail, Media and Entertainment."
Reliance Jio Infocomm Limited, doing business as Jio, is a LTE mobile network operator in India. Mukesh Ambani, owner of Reliance Industries Limited (RIL) whose Reliance Jio is the telecom subsidiary, had unveiled details of Jio's fourth-generation (4G) services on 12 June 2015 at RIL's 41st annual general meeting. Jio is the largest 4G network in India offering High Speed Internet & Unlimited Free Voice Calls.
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