Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani on Wednesday said the company’s newly-launched telecom venture Reliance Jio has crossed 100 million customer base.
“When we started Jio we set a target of 100 million customers in shortest time. Even we didn’t imagine we will do it in months. Aadhaar enabled us to acquire a million customers a day, which is unheard of in the industry,” Ambani said.
He was speaking at an interactive session at the Nasscom India Leadership Forum 2017 here.
“Jio was conceived at a time when the world was fast digitizing. What the Jio platform offers is a partner with the next generation to solve problems for India to make sure our industries are more productive,” Ambani said.
“To my mind, data is the new natural resource. In that sense, India is blessed with 1.3 billion people, for it to have real value it has to be processed into intelligence. Data is the new oil and its benefit is immense to society. India with its young population will have a competitive advantage,” he added.
The landmark 100 million subscriber base makes the Jio youngest telecom player to achieve this milestone. Jio was officially launched in September last year.
As per the latest data from TRAI, India’s telecom subscriber base grew to over 1.12 billion at end-November 2016 and the largest number of additions were credited to Reliance Jio Infocomm Ltd.
Reliance Jio has become the primary data connection on most of the mobile devices in India, with 42 per cent users having activated Jio in their 4G-enabled slot, followed by Airted at 17.54 per cent, Vodafone at 12.26 per cent and Idea at 11.50 per cent.