Today, at 40th Annual General Meeting (AGM) held in Mumbai, the chairman and managing director for Reliance’s group Mukesh Ambani gave his speech revealing the key stats about the company’s performance in the last year. This year, 2017, marks the 40th anniversary since Reliance launched its IPO in the market.
Of course, the Reliance shareholders had their eyes on the company’s last year performance, but we were eagerly waiting for announcements regarding Reliance Jio. And, Mukesh Ambani didn’t disappoint us. At the event, Jio launched the JioPhone at Rs 0. Yes, you read that right. Read more about the company’s intelligent feature phone here. Apart from launching the JioPhone, Mukesh Ambani also revealed some key stats about Jio. Let’s have a look at them.
Reliance Jio crossed the mark of 100 million customers in just 170 days.
It’s a dream for any telecom provider to achieve the target of 100 million users and it takes a long time to cross such a huge milestone. Well, Jio did it in just 170 days after it publicly announced its services. Not just that, the company has actually surpassed the mark and now boast of a customer base of 125 million. It’s the fast adoption of any technology service, ever, anywhere in the world. Even faster than the major social platforms such as Facebook, WhatsApp and Skype. As per the data, Jio on an average added 7 customers per second every day since its launch. :O
Jio, in a nut shell, globally proved the efficiency of Voice over LTE (VoLTE) technology.
Jio cleared all the doubts against the VoLTE technology and proved the robustness of its LTE based network. Jio users consistently make more than 250 crore minutes of voice and video calls every single day. Woah, that’s a huge number.
With Jio, India jumped from 155th place to 1st place in the world in terms of mobile data consumption.
In just 6 months of Jio’s launch, data consumption in India went from 20 crores GB to 120 crores GB per month and has been multiplying ever since. Now, Jio customers alone are consuming over 125 crores GB of data every month, including 165 crores 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.
Jio successfully undertook the largest migration from free to paid services in history.
In the month of March, Jio finally stopped giving freebies and started its paid service. At that time, many experts were sceptical about the migration free to paid migrations. Well, Jio did it too. According to the company, as of now, Jio has more than 100 million Jio Prime customers and most of them have recharged on Jio’s 309 or higher plans.
Jio has also promised to Prime members that they will continue to get tariff benefits with Jio Dhan Dhana Dhan and Every Day More Value plans.