Why Mukesh Ambani Invested 1.5 Lakh Crore in Reliance Jio to disrupt telecom Industry ?

If we will look up in the Corporate world, it couldn’t be better option than the recent disruption of telecom industry by Reliance Jio for better learning. Manas Pruthi – an Indian Youtuber have clearly described Reliance Jio Story, which we brought for you all to learn and get inspired.
Reliance Jio Infocomm Limited, doing business as Jio, is a LTE mobile network operator in India, which is a wholly owned subsidiary of Reliance Industries headquartered in Mumbai, that provides wireless 4G LTE services (without 2G/3G based services) and is the only 100% VoLTE operator in the country, with coverage across all 22 telecom circles in India.

Also Read :  The Best Startup Pitch by an Entrepreneur – Watch it here now!

The services were first beta-launched to Jio’s partners and employees on 27 December 2015 on the eve of 83rd birth anniversary of late Dhirubhai Ambani, founder of Reliance Industries, and later services were commercially launched on 5 September 2016.
The company will launch its 4G broadband services throughout India in the first quarter of 2016-2017 financial year.
Mukesh Dhirubhai Ambani is an Indian business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited, a Fortune Global 500 company and India’s second-most valuable company by market value. Mukesh is married to Nita Ambani and has two sons, Anant and Akash, and a daughter, Isha. They live in a private 27-storey building in Mumbai named Antilia valued at US$1 billion and it is said to be one of the most expensive homes ever built. Check out the video by Manas Pruthi who detailed the story clearly :

Also, check out Mukesh Ambani vs Ratan Tata – who is more richer in reality ?

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