Rel Jio Bonanza
Corporate Tycoons|December 2016

Jio has already crossed 50 million customers in the three months since launch on September 1.

Rel Jio Bonanza

Buoyed by Reliance Jio growing faster than Facebook and WhatsApp in first three months of launch to reach 52 million customer base, India’s richest man Mukesh Ambani has announced extension of free domestic voice calls and data till March 31. With over 52 million customers taking Jio’s free voice and data since its launch on September 4, he announced ‘Jio Happy New Year Offer’ of free data, voice, video and applications till March 31 for new users joining from December 4 as well as the existing ones.

However, the plan will come with a Fair Usage Policy (FUP) which will cap data for Reliance Jio JIO customers at around 1 GB per day.A service to home delivery of Reliance Jio SIM cards was also announced. Ambani, 59, also announced a rollout of Jio Money Merchant Solutions, a mobile payment application, for enabling digital payment for small merchants at their various points of transactions. “Jio has become the fastest growing technology company, not only in India, but in the history of the world! In the first three months since its birth, Jio has grown faster than Facebook, WhatsApp or Skype,” he said.

Jio has crossed 50 million customers in first 83 days (user base now is over 52 million) “Starting 4th of December, 2016, every new Jio user will get Jio’s data, voice, video and the full bouquet of Jio applications and content, absolutely free till March 31, 2017,” he said, adding that the benefit will also be extended to the existing users.

Ambani, who had more than a decade ago left the telecom business to younger brother Anil when the Reliance empire their father had created was split, formally re-entered the sector in September, offering free voice call for life and free data till December 31.

This story is from the December 2016 edition of Corporate Tycoons.

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This story is from the December 2016 edition of Corporate Tycoons.

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