Reliance dedicates JioPhone to the nation on the joyous occasion of India@70 – the 70th anniversary of India’s Digital Freedom for Indians
Forty years of trust and sleepless effort from the promoters of RIL made it the global corporation since it’s first IPO and tryst with the people of India.
Reliance is the company which brought common people to stock market and the legacy continues.
Chairman and MD of Reliance Industries Limited Mr. Mukesh Ambani is a proud head of the RIL family when he declared the AGM report on the occasion of 40th Years after first IPO went public.
What he said in his official statement is a commendable documentation of historic legacy with the people policy. Statement goes like this:
“This year marks the 40th anniversary since our IPO.
In just four phenomenal decades, Reliance has grown from a small startup to becoming one of the largest and most admired companies in the world. No Indian corporate, and few global corporates, have expanded so much and so fast in scope, scale, size and service to the nation.
From a textiles company, we have created multiple growth engines in energy, materials, consumer and digital businesses. Each one is global scale and world class.
We have established many records in this period – that has made India and our shareholders proud.
Our turnover has grown from ` 70 crores in 1977 to over ` 330,000 crores today – an increase of nearly 4700 times.
Our net profit has grown from 3 crores to nearly 30,000 crores in the same period – a growth of over 10000 times.
Our total assets have increased from 33 crores to over 700,000 crores and a multiple of over 20,000 times.
Market capitalization has multiplied from ten crores to five lakh crores.
An exponential growth of fifty thousand times and a compounded growth rate in excess of 32%.
One thousand rupees invested in Reliance shares in 1977 is today worth ` 16,54,503 – over 1600 times more valuable.
In simple terms, this means that your money has doubled every two and a half years over the past 40 years.
We had 3500 employees in 1977.Today all our businesses together employ over 250,000 people.
All of these achievements have very few parallels anywhere in the world.For all of this, we have our beloved country India to thank for the opportunities we got, and to you, our dear shareholders for the faith you reposed in Reliance.
I want to dedicate these 40 years of achievements and records to our founder Chairman Shri Dhirubhai Ambani. and am I grateful to my mother Smt. Kokilaben Ambani – who is here with us today”. – End of Statement.
A true statistical artifact of business excellence in action.
But this is not all, the most commendable task ahead and talk of the public is Free smart phone for JIO Family members. Yes you are correct with a refundable 1500 Rupees deposit one can own a smart phone.
200,000 crore investment in the world’s largest greenfield 4G LTE all-IP network has been justified by adding over 125 million customers, Team Jio stunned the world.
They over-delivered on the 100 million target which was set for them at RIL last AGM in less than 170 days, more than 100 million customers signed up for Jio’s services.
Fastest adoption of any technology service, anywhere in the world even faster than even Facebook, WhatsApp and Skype is now Jio adding 7 new member every second.
Jio users to make unlimited voice calls from anywhere to everywhere in India – absolutely free.
Jio users consistently make more than 250 crore minutes of voice and video calls every single day.
We are grateful to our Prime Minister Shri Narendra Modi’s Digital India vision, which allows the benefits of technology to be passed on, directly to Indian customers
Jio ended the great digital divide in India and moving towards winning the world very soon if this legacy continues at present scale.
India Now the Number #1 in Mobile Data Consumption from 155th position to #1 in just 6 months!!!
In just 6 months of Jio’s launch, data consumption in India went from 20 crore GB to 120 crore GB per month and hasbeen multiplying ever since. Now, Jio customers alone are consuming over 125 crore GB of data every month, including 165 crore hours of high speed video every month, making Jio the largest mobile video network.Indeed, India has overtaken USA and China in mobile data usage.
Before Jio’s launch, India was 155th in the world in mobile broadband penetration.
Now India is number 1 in mobile data consumption and well on its way to becoming number 1 in mobile broadband penetration, in the coming months.
Well India do not worry if you do not have money to purchase a smart phone you will get it Free yes Free!!!
Tariffs for the JioPhone.
On the JioPhone, voice will ALWAYS be free.
Currently, the 50 Cr feature phone users are charged Re 1.2 to 1.5 per min for basic voice calling.
They end up spending their entire month’s telecom budget of ` 150 – 200 only to get 150 minutes of basic voice.With Jio’s network coverage reaching 99% of India’s population, and by making voice calls free, this potentially empowers each and every Indian to make FREE VOICE CALLS… to any operator… anywhere in India…
In order to fit every pocket, we are also introducing 2 sachets – a weekly plan for Rs 54 and a 2-day plan for Rs 24, that provide similar value. Affordable ALL UNLIMITED sachets at Rs 54 for a week and Rs 24 for 2 days
It’s Free!!! JioPhone:
Even an entry-level 4G smart phone will cost between ` 3,000 – 4,500.Jio Phone at an effective price of – ` 0.
JioPhone is effectively free for Jio customers. To protect against misuse of the free JioPhone offer, Company plan to collect a fully refundable, one-time, security deposit of ` 1,500 with every JioPhone. A JioPhone user can use the JioPhone for 36 months, and can get a full refund of the security deposit of ` 1,500 byreturning the used JioPhone. Net-net, you pay nothing for the JioPhone. It is free!!
The JioPhone will be available for user testing in beta from 15th August and for pre-booking from 24th August.2017 And JioPhone will be physically available to those who have pre-booked, on a first come first serve basis, September 2017 onwards.
Pre-book a JioPhone as quickly as possible, starting 24th August. And from the last quarter of this year, all JioPhones will be made in India. We are targeting to have 5 million JioPhones available every week.
Jio is all set to bring Digital Freedom for Indians. But other telecom players may run for their money to just keep them alive as operator. Fast changing Mobile data world of Jio is not the game changer but setting the rules of the game for future. Advantage Jio for Now and For sure.