# How Ambani’s Jio became India’s second-largest company

https://mins.news/en/item/123607

- Al Jazeera, 2026-10-31 10:39 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/10/31/how-ambanis-jio-became-indias-second-largest-company?traffic_source=rss

> Jio Platforms raised $3.2bn in India’s largest-ever IPO. Its shares jumped 21 percent on debut, valuing the company at $131.5bn and making it India’s second most valuable company, behind parent Reliance Industries. Jio disrupted the telecoms market with free data and now serves more than 530 million customers while expanding into digital services.

## Related coverage

- [Reliance’s $19 Billion Rally Keeps India Stock Bulls in the Game](https://mins.news/en/item/126445) — Bloomberg News, 2026-11-03
- [Billionaire Ambani tears up as Jio Platforms becomes India’s second-most-valued company](https://mins.news/en/item/120198) — CNBC, 2026-10-29
- [Jio Platforms surges on market debut](https://mins.news/en/video/119094) — CNA, 2026-10-28