The above graph represents the number of Reliance Jio subscribers in India, starting from the fiscal Q1 2017 to the most recent quarter. As of September 2019, Reliance Jio has 355.2 million subscribers in India. That’s an impressive 40.8% YoY growth in the number of Jio users in the country. The company added 103 million new subscribers during the past twelve months and 24 million new subscribers in the past 3 months.
|Source||Reliance Industries Limited|
|Note||Reliance Jio Fiscal Year: April 01 – March 31|
It is important to note that Reliance Jio continues to remain the world’s fastest-growing digital service company, with subscriber base crossed the 340 million mark in August 2019. Jio is also emerged as India’s largest telecom enterprise in terms of subscribers, revenues and profits.
Within just 2 years of the public launch, in fiscal Q1 2019, Reliance Jio subscribers count crossed 200 million, putting Reliance Jio ahead of BSNL in terms of market share.
With each passing quarter, Reliance Jio is adding about 30-35 million new subscribers to its total user base, constantly challenging the dominance of Airtel and Vodafone (Now Vodafone Idea).
Reliance Jio Subscribers: The Unparalleled Growth
The unparalleled growth of Jio is largely driven by the jaw-dropping mobile tariffs, which has redefined the mobile telecom industry in India. Taking the consumer-first approach, Reliance Jio offers unlimited calls to customers, albeit restricting high-speed data usage.
Reliance Jio Infocomm Limited (RJIL) is the telecom arm of Reliance Industries (RIL). On the eve of 27 September 2015 (83rd birth anniversary of Reliance Industries founder, Dhirubhai Ambani), his son Mukesh Ambani launched the Jio service but for only Reliance employees. Later on 5 September 2016, it became publicly available.
During its first fiscal quarter of 2016-17 (ended on June 2016), Reliance Jio had roped in 1.5 million subscribers in its test phase which offered free calls and data. Surprisingly, in just 3 months, net subscriber addition for the company was 14.5 million, making the total number of Reliance Jio subscribers in India to 16 million.
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