Jio Platforms CEO change ahead of IPO

Reliance Industries — Jio has appointed Pankaj Pawar as its new CEO, replacing Kiran Thomas, as disclosed in the company's draft IPO papers filed with SEBI in June 2026. Thomas resigned on March 23, 2026, and Pawar took over the next day. Pawar, 53, also serves as managing director of Reliance Industries — Jio Ltd. and has been with the Reliance Group since 2000. The leadership change comes ahead of Reliance Industries — Jio' planned initial public offering, which aims to raise about $4 billion (Rs 37,700 crore) at a valuation of around $137 billion. The IPO involves a fresh issue of up to 27 crore shares, representing about 2.9% of post-issue equity. If successful, it would be the largest IPO in India's history, surpassing Hyundai Motor Company's 2024 offering. Reliance Industries — Jio' board includes Mukesh Ambani as chairman, Mukesh Ambani as managing director, and Isha and Mukesh Ambani as non-executive directors. The company has previously attracted major investors including Meta, Alphabet Inc., KKR & Co., Silver Lake, and General Atlantic.