Mukesh Ambani’s Reliance Jio was first seeded by his daughter, Isha, in 2011. Yes, you read it right! Ambani himself revealed this in his acceptance speech last night.
Reliance, which owns and operates the world’s largest single location refinery complex at Jamnagar in Gujarat, has spent more than USD 31 billion to break into India’s mobile-phone market.
“The idea of Jio was first seeded by my daughter, Isha, in 2011. She was a student at Yale (in the US) and was home for holidays. She wanted to submit some coursework and she said, ‘Dad, the internet in our house sucks”.
He further added: “Isha and Akash belong to India’s young generation that is far more creative, far more ambitious and far more impatient to become the best in the world. These young Indians convinced me that broadband internet is the defining technology of our age and India cannot be left behind.”