MUMBAI: When Reliance Industries ventured into the telecom business several years ago, the common notion was that the company’s Chairman and Managing Director Mukesh Ambani was making a play at capturing data, the new oil of the 21st century.
The essence of Ambani’s venture into telecom and digital services was also captured in the logo of Jio, which to a keen observer symbolises oil. The billions of dollars invested by the company to create Reliance Jio from scratch has paid handsome dividend, with value creation of more than $100 billion.
