CEO Insights team, Press Release
Mukesh Ambani, Chairman & Managing Director of Reliance Industries, says, “I am delighted to welcome KKR, one of the world’s most respected financial investors, as a valued partner in our onward march to growing and transforming the Indian digital ecosystem for the benefit of all Indians. KKR shares our ambitious goal of building a premier Digital Society in India. KKR has a proven track record of being a valuable partner to industry-leading franchises and has been committed to India for many years.
I am delighted to welcome KKR, one of the world’s most respected financial investors as a valued partner in our onward march to growing and transforming the Indian digital ecosystem for the benefit of all Indians
We are looking forward to leveraging KKR’s global platform, industry knowledge and operational expertise to further grow Jio. A wholly owned subsidiary of Reliance Industries, Jio Platforms is a next-generation technology platform focused on providing high-quality and affordable digital services across India.
Equity firm KKR was founded in 1976 and has invested over $30 billion in tech companies since its inception. Today, the firm has over 20 companies in its portfolio across Technology, Media & Telecom sectors. On the other hand, India has been a key strategic market for KKR since 2006.
Henry Kravis, Co-Founder & Co-CEO of KKR, says, “Few companies have the potential to transform a country’s digital ecosystem in the way that Jio Platforms is doing in India, and potentially worldwide. Jio Platforms is a true homegrown next generation technology leader in India that is unmatched in its ability to deliver technology solutions and services to a country that is experiencing a digital revolution. We are investing behind Jio Platforms’ impressive momentum, world-class innovation and strong leadership team, and we view this landmark investment as a strong indicator of KKR’s commitment to supporting leading technology companies in India and Asia Pacific.”