Reliance Industries Chairman Mukesh Ambani said Reliance Jio’s subscriber base is growing at a steady pace and has crossed the 100 million user mark recently. The company’s newly-launched telecom venture has met the target that was set by the company.
“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 at an interactive session at the Nasscom India Leadership Forum 2017. “We just set ourselves a goal. Aadhaar enabled us to acquire a million customer a day which is unheard of in the industry as a whole,” Mr. Ambani added.
Reliance Jio has been providing free 4G service since its inception on December 27, 2015, for RIL employees only and later opened it to all customers on September 5, 2016, thus completing over 160 days of its commercial operations. The company provides connections on basis of instant verification of Aadhaar number of customers. Jio crossed 50 million subscribers in just over two months, adding at an average rate of 6 lakh subscribers per day and surpassing the subscriber addition rates of global giants like Facebook, WhatsApp, and Skype.
“Jio was conceived at a time when the world was fast digitizing. What the Jio platform offers is 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.
Announcing the third quarter results, the company claimed that its telecom subsidiary Jio has garnered 72.4 million subscribers as of December 31, 2016.