How Maharashtra-based Jio University fit the 'Institute of Eminence' tag

Reliance set up a new company to apply for it

Within two weeks of the government formally notifying the rules for institutions of eminence, Reliance group incorporated the Reliance Foundation Institution of Education Research (RFIER), a section 8 company under the Companies Act, 2013. It is this company of the Reliance group that shall set up the Maharashtra-located Jio University, which the government has selected for the institution of eminence tag. 

Two specific provisions in these rules helped the freshly-minted Reliance company in a big way. One of these required the individual members of the ‘sponsoring organisation’ of the proposed university to have a collective net worth over Rs50 billion.