In a historic milestone for Indian stock markets, Jio Platforms Ltd made a blockbuster debut on the National Stock Exchange, driving Reliance Industries Ltd past the Tata Group in overall market valuation. An emotional Mukesh Ambani repeatedly fought back tears at the listing ceremony, joined by four generations of his family to celebrate the remarkable rise of the telecom and digital powerhouse he built and expanded. Jio shares soared by 26 per cent on their first trading day, propelling the firm’s market capitalisation past the ₹13 lakh crore mark upon closing. This impressive debut positions Jio Platforms directly behind its parent conglomerate, Reliance Industries Ltd, as the second most valuable company in India by market capitalisation. The successful listing marks a monumental personal and professional achievement for Ambani, reflecting the vast growth and transformation of the enterprise originally established by his late father Dhirubhai Ambani, which Mukesh navigated through past corporate restructuring and family divisions into a modern digital giant. With Jio’s listing unlocking immense shareholder value, Reliance’s market dominance has reached unprecedented heights, firmly establishing its leadership across the Indian corporate landscape and telecom ecosystem.
Reliance Overtakes Tata Group in Market Value Race Following Jio Listing
