Big win for Mukesh Ambani, Fortune ranks Reliance Jio as No. 1 in Change the World list
Energy to telecom conglomerate Reliance Industries chief, India's richest man, Mukesh Ambani has just received a massive pat on the back, courtesy his newest venture, telco Reliance Jio.
Reliance Jio been ranked as the top company globally on Fortune's 'Change The World' list. Companies have been ranked using the profit motive to help the planet and tackle social problems. Fortune said the Change the World list recognizes companies that have had a positive social impact through activities that are part of their core business strategy. Image source: Reuters
Notably, Jio entered the telecom sector and famously offered free calls and data forcing rivals to merge or exit in September 2016 after fielding massive losses. RJio has amassed 215 million subscribers since then. What is even more significant, Jio says it is profitable. Image source: official website