RIL (Reliance Industries Limited) has kept an Annual General Meeting, marked 43rd AGM post-IPO. Event was organised virtually, considering CoVID-19 pandemic. 43rd RILAGM ran for more than 2 hours where company announced the partnership with Google to develop Android-based smartphone Operating System. Further he talked about the plan, for 2G-Mukt Bharat.
On 5th Sept 2016, Mukesh Ambani has announced free data, free audio calls, free video calls and free Jio’s content. In 170 days, Jio registered 100 million sign ups. And Jio has 33% market share in Telecom industry, in duration of less than 4 years.
As Jio was expanding, it has burden of large debts. But Mukesh Ambani had assured it’s investor about the zero net debt. Chaiperson stood up on his word and made his company debt free by selling Jio stake, Rights issue & stake to BP, counts 25.24% stake of total. Company has raised Rs 1.78 lakh crores in 82 days only and now it has zero net-debt.
Announcements in 43rd RILAGM
Regarding Jio 5G, Mukesh Ambai stated, “Jio has created a complete 5G solution from scratch, that will enable us to launch a world-class 5G service in India, using 100% home growth technologies & solutions.”
If Jio 5G gets approval in India, Jio will export it’s 5G technology to global market. Company also shared Jio 5G Roadmap on RILAGM :
Will be ready for trials as soon as 5G spectrum is available.
Jio Platforms will export 5G to other operators globally.
Jio tv+ got announced by Akash Ambani. Jio tv+ is going to be one-stop for major OTT contents. Major OTT platforms, like Netflix, prime video, Disney+ hotstar, VOOT, SONY liv, Zee5, Eros Now, Shemaroo and more will be available in Jio tv+. Along with OTT platforms, Jio tv+ will also feature majority of TV channels, education channels, fitness channels and other genre channel. Akash Ambani also stated, all OTT platforms can be signed in with single click.
On occasion of 43rd RILAGM, Jio announced a highly advanced glass and named it Jio Glass. It will give the Virtual Reality experience. It will come up with the in-built audio system. Person with Jio Glass can talk on 3D Virtual Room as well. Users will also get the option for normal 2D calling. During calls, users would also get the option to view presentations. Jio Glass weighs 75 grams only.
One of the most important topic, discussed in the RILAGM. JioMart is currently available in some of the Tier II, Tier III and Tier IV cities. As of now, JioMart is focused upon Kiranas and food producers for groceries. But JioMart will expand it’s product range to other categories. Some of the categories are Electronics, Fashion, Pharmaceutical, Healthcare.
JioMart has already partnered with WhatsApp, for Kiranas and small merchants. And this partnership will get more stronger with more support to customers, Kiranas.
While talking about O2C, Mukesh Ambani talked about the company’s plan regarding carbon emissions. He brought forward environmental-friendly idea :
Convert CO2 (Carbon Dioxide) into high-value proteins, nutraceuticals, advanced materials & fuels.
Net Carbon-Zero by 2035
15 Year Vision
New Energy & New Materials