Reliance AGM 2026 LIVE | Mukesh Ambani | Annual General Meeting | RIL AGM | रिलायन्स AGM, नवी दिशा!

[00:00:00]In 10 years, Jio has reached an operational scale that is simply extraordinary.

[00:00:06]The Jio user base has crossed 524 million, cementing our number one position.

[00:00:13]Our 5G subscriber base has crossed 268 million. The largest for any single country operator outside China. With 77 million net additions during this year.

[00:00:28]On fixed broadband, Jio AirFiber has continued to scale rapidly after becoming the world's largest fixed wireless broadband operator last year.

[00:00:39]With 13 million connected homes, Jio AirFiber is making reliable home broadband available across the country at unprecedented scale and speed.

[00:00:50]Total data traffic on Jio's network in FY26 totaled 241 exabits, growing 30.8% year-on-year.

[00:01:01]Placing us amongst the largest data operators on the planet.

[00:01:06]The financial results of FY26 are a fitting tribute to this journey.

[00:01:13]Jio Platforms delivered revenue of 1 lakh 46,885 crores.

[00:01:21]Growing 14.6% year-on-year.

[00:01:25]EBITDA reached rupees 76,255 crores, an 18.8% growth with an EBITDA margin improving by 190 basis points to 51.9%.

[00:01:41]For the first time in our history, profit after tax crossed rupees 30,000 crores, growing at 15.1% year-on-year.

[00:01:52]These numbers are proof of the trust India has placed in Geo.

[00:01:59]More importantly, they demonstrate that Geo's growth remains both broad-based and profitable.

[00:02:08]Dear friends, the next chapter of Geo's growth will be powered by five commitments.

[00:02:15]First, to make Geo true 5G the foundation of India's next big digital leap.

[00:02:23]Our dedicated network slicing will enable a new tier of high-performance connectivity for consumers and enterprise.

[00:02:33]This.

[00:02:34]Our cyclic beam-formed cell design significantly enhances coverage and capacity at high footfall locations.

[00:02:43]Our target is to migrate all subscribers to 5G by 2030.

[00:02:50]While advancing India's leadership position in 6G standards.

[00:02:56]Second, is to take high-speed home broadband to every part of India through Geo AirFiber.

[00:03:04]Our new non-line-of-sight capability has dramatically expanded the reach of home broadband to locations where fiber was never viable.

[00:03:16]Over 90% of Geo AirFiber's installations are completed within 24 hours. And home connections are now growing at a phenomenal rate of up to 60,000 per day.

[00:03:30]Per capita data usage has reached 42.3 GB per month. One of the highest in the world.

[00:03:38]This number will only grow as Geo migrates more Indians to 5G.

[00:03:45]And as AI-enabled use cases proliferate.

[00:03:50]Third, is to digitize Indian enterprises and small businesses.

[00:03:56]The Jio PC initiative, which delivers cloud compute to small businesses through a simple set-up box, brings enterprise grade technology within the reach of every micro, small, and medium business in India.

[00:04:12]Fourth, is to ensure AI for everyone, everywhere.

[00:04:18]Jio is already embedding AI in consumer technology to deliver a smoother, smarter, and more personalized user experience.

[00:04:29]AI will make our networks more efficient, our homes more intelligent, our customer service more responsive, and our platforms more useful to every Indian.

[00:04:41]Fifth, is to take India's technology to the world.

[00:04:46]The proprietary deep tech stack at Jio, built for 5G, fixed wireless access, and AI services, is now ready for deployment with international partners in select geographies.

[00:05:00]The technology we built to solve for India's challenges will also serve the world and become a key pillar of our export strategy.

[00:05:11]As we launch more value-added services, such as premium 5G, AI bundled services, and enterprise solutions, our ARPU will grow significantly.

[00:05:23]Dear friends, there's one more frontier I would like to mention.

[00:05:27]Satellite communications.

[00:05:30]Jio connected India on the ground. Now, we must connect India from the skies.

[00:05:36]There are still the remotest of villages, island communities, and border outposts where Jio network cannot reach.

[00:05:43]For them, satellite connectivity will be the bridge to the rest of India.

[00:05:48]Jio is evaluating the development of a sovereign low earth orbit satellite constellation for India.

[00:05:55]We are also partnering with the leading global constellation providers by leasing satellite capacity so that we can accelerate service availability while building our own long-term sovereign capability.

[00:06:09]This dual approach will enable Jio to meet India's connectivity needs faster while laying the foundation for the Indian satellite broadband platform of global scale.

[00:06:21]To anchor this ambition, Jio is also building its own ground station infrastructure in India.

[00:06:26]These ground stations will support our partner constellations as well our own future satellites, creating an end-to-end satellite broadband ecosystem from space to ground.

[00:06:39]With this initiative, Jio is strengthening India's Atmanirbharta in space, placing India firmly on the global satellite broadband services map.

[00:06:50]All of these initiatives show that the best of Jio is yet to come. Dear shareholders, Reliance Intelligence, a new chapter in Reliance's deep tech evolution was announced last year by our chairman.

[00:07:03]Today, I share with you the progress we're making in turning that vision into reality.

[00:07:10]Our first priority is to surmount the biggest hurdle for AI in India today, the scarcity and the high cost of compute.

[00:07:19]To address it, Reliance Intelligence is building India's sovereign AI backbone in Jamnagar.

[00:07:26]This cutting-edge infrastructure will be powered entirely