Jio achieved a special position, became the country’s number 1 brand, Mukesh Ambani got strength
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Jio, a company under Mukesh Ambani’s Reliance Industries, has achieved a big position. Reliance Industries’ telecom and digital unit Jio has become India’s strongest company. In terms of being the strongest company, Reliance Jio has also defeated giant institutions like the country’s largest public sector bank, State Bank of India and insurance company Life Insurance Corporation of India.
The information about Reliance Jio becoming the strongest brand has been revealed in the report of “Global-500 2024” released by Brand Finance. According to the report, Jio has become the strongest company in India in the very first month of the year 2024. If we talk about the figures of the last year i.e. 2023 of this report, even during that time Jio was the strongest company in India. That means Jio has achieved this position for the second consecutive time. With this, Jio has become a strong brand not only in India but in the world. Jio’s name is now used with brands like Google, YouTube, WeChat, Coca-Cola, Deloitte, Netflix. Jio has now reached 17th position in the list of world’s biggest brands.
By achieving this feat, Jio has defeated brands like SBI and LIC. According to the report of “Global-500 2024”, the market cap of SBI and LIC is less than that of Jio. Talking about global ranking, SBI is at 24th place. Let us tell you that Reliance started Jio in the year 2016. Meanwhile, the company is continuously moving forward. Jio is currently the largest telecom company in India. Jio’s brand value is continuously increasing. Recently, Jio’s brand value increased by 14 percent, after which its value became $ 6.1 billion.
profit was reduced
Jio Financial Services’ consolidated net profit declined 56 per cent to Rs 294 crore for the quarter ended December 2023 compared to the previous quarter. Jio Financial Services gave this information in its communication to the stock market on Monday. The company’s net profit in the second quarter of the current financial year was Rs 668 crore.
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