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Jio Platforms has replaced Kiran Thomas as chief executive officer with Pankaj Pawar ahead of its planned initial public offering, according to the company's draft IPO papers. The draft papers, submitted to capital markets regulator Sebi in June, mentioned that Thomas resigned as CEO on March 23, with Pawar taking charge the following day, March 24. Pawar, 53, also serves as managing director of Reliance Jio Infocomm Ltd. "Pankaj Mohan Pawar, aged 53 years, is the Chief Executive Officer of the Company and also serves as the managing director of Reliance Jio Infocomm Limited. He has been associated with the Reliance Group since 2000, and has close to three decades of experience in building and scaling large consumer and digital services businesses," the draft IPO papers said. Thomas, who previously served as president of Reliance Industries, does not feature among Jio Platforms' key managerial personnel in the draft prospectus, even though he has been visible in each presentation o
Telecom subscriber base grew to 134.3 crore in May, driven by net additions on the Bharti Airtel and Reliance Jio networks, according to Trai data released on Thursday. Airtel led the growth in subscriber base with net addition of 29.8 lakh subscribers over the month of April, comprising 29.26 lakh in the mobile segment and 53,809 in fixed line connection segment. It was followed by Reliance Jio, which reported a net addition of 22.55 lakh subscribers, comprising 21.54 lakh in the mobile segment and 1.01 lakh in thefixed line segment. Both private telecom operators jointly contributed 52.36 lakh new subscribers, or about 94 per cent, in the total net addition of 55.6 lakh subscribers in May. "The number of total telephone subscribers in India increased from 1,337.54 million at the end of April 2026 to 1,343.10 million at the end of May 2026, thereby showing a monthly growth rate of 0.42 per cent," Trai's monthly data subscriber report for May 2026 said. The total number of wireles