Jio Platforms finds the right signal with 'non-connectivity' ventures

Jio Platforms' quietly sustained investments in building its "non-connectivity" service business — which included a bevy of acquisitions of companies and platforms in media, entertainment, and technology startups — are slowly generating revenues.

- SURAJEET DAS GUPTA

Non-connectivity revenues of Jio Platforms have now risen 36 per cent year-on-year in the fourth quarter (Q4) of 2024-25 (FY25) to about ₹3,968 crore, compared with ₹2,912 crore in the same quarter the previous year.

More importantly, growth is even faster — up 62 per cent in Q4FY25 over the previous quarter. As a result, non-connectivity revenues now account for a reasonable 12 per cent of consolidated revenues in Q4FY25 for Jio Platforms, where the bulk still comes from mobile and broadband connectivity services, known as "connectivity services".

At an annualised level, revenues from non-connectivity services are expected to reach about ₹16,000 crore.