Akash Ambani is positioning Jio Platforms to capture a significant share of India’s projected $1.4 trillion digital economy by FY31, highlighting the company’s technology capabilities, nationwide 5G network and infrastructure investments as it prepares for what could become India’s largest-ever initial public offering (IPO).

The managing director of Jio Platforms Limited outlined the company’s growth strategy on Thursday, pointing to its scale and technology investments as it looks to expand across consumer and enterprise services. “The mission of Jio is to connect every single home, every single Indian and every single enterprise,” he said.

Akash said Jio had built a substantial position in India’s digital ecosystem in just 10 years, with earnings before interest, tax, depreciation and amortisation (EBITDA) of ₹76,000 crore. The company carries 60% of India’s data traffic, he added.

He also highlighted the pace of Jio’s 5G expansion, saying the company had rolled out the technology in 19 months and now had the world’s largest 5G base outside China. Average monthly data consumption stands at 43.7 gigabytes per customer, he said.

Jio’s infrastructure and technology investments, Akash added, would be difficult for competitors to replicate. The company has filed 7,200 patents and is the only Indian company among the global top 20 in this category, according to his remarks.

Jio Platforms’ IPO is scheduled to open for subscription on October 21 and close on October 23 , with bidding for anchor investors set to take place on October 19. The company has fixed the price band at ₹1,065-₹1,119 per equity share.

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