Reliance Jio Infocomm, a subsidiary of Reliance Industries Limited (RIL) officially launched for all on September 5th, 2016. In October the company announced that it signed record 16 million new subscribers in 26 days of its commercial operations, later in November the company said that it has added 50 million subscribers in 83 days. It clocked 72.4 million subscribers as of December 31, 2016.
Now after 5 months of launch the company’s CEO at the Nasscom event said that Jio has beat its own customer base target. “When we started Jio, we set a target for ourselves that we will acquire 100 million customers in shortest time. Even we didn’t imagine that we would do it in months,” he said at the three-day Nasscom leadership forum here. According to a latest report, Jio has 23% market share in India.
At the Nasscom India Leadership Forum 2017, RIL’s Chairman Mukesh Ambani, said:
Now we are at the doorsteps of the fourth Industrial revolution which is convergence of the physical, digital and biological sciences. We are in the verge of exponential change, with this convergence that is happening in the world, we have the opportunity to solve big problems in a short time.
It think at the foundation of the fourth industrial revolution is connectivity and data. The convergence of all the sciences has really brought about by connectivity and data. Yes, to my mind data is the new natural resource, fundamentally have to have a lot of people to generate data and use data. In that sense Indian is naturally blessed with 1.3 billion people.
We are really at the beginning of that era where data is the new oil. We think data is the oxygen of this digital life. Jio really stands for affordability, quality and quantity for all Indians at all times and with the initial response we got have from Indians we are absolutely overwhelmed