Jio Platforms has appointed Pankaj Mohan Pawar as its Chief Executive Officer, effective March 24, 2026, succeeding Kiran Mathew Thomas, who stepped down from the role a day earlier. The leadership transition was disclosed in the company's draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi), BSE and the National Stock Exchange on June 19.
Pawar, 53, also serves as the Managing Director of Reliance Jio Infocomm, Jio Platforms' telecom subsidiary. Having joined the Reliance Group in 2000, he brings nearly three decades of experience in building and scaling consumer and digital services businesses.
According to the filing, Pawar will oversee the company's overall operational management and execution of its business strategy. His responsibilities include driving growth across mobility, fixed broadband and enterprise services, while also leading the development of Jio Platforms' digital products and technology platforms.
Prior to taking over as CEO, Pawar served as a non-executive director on the Jio Platforms board before resigning from the position on March 23.
The DRHP also disclosed another key management change, with Mathew Oommen, who was appointed Group Chief Executive Officer in October 2024, being redesignated as Group President on June 19, 2026.
Jio Platforms' board continues to be chaired by Mukesh Ambani as Chairman and Non-Executive Director, while Akash Ambani serves as Managing Director after his designation was changed from Executive Director in April this year. The board also includes Manoj Modi, Isha Ambani and Anant Ambani as non-executive directors, alongside five independent directors.
The company's proposed initial public offering will comprise a fresh issue of up to 27 crore equity shares with a face value of ₹10 each. The proceeds will primarily be used to repay or prepay borrowings of Reliance Jio Infocomm and for general corporate purposes.
The draft prospectus does not disclose the IPO's issue price, price band, valuation or total fundraising size. Prior estimates regarding the company's valuation and expected issue size have not been confirmed in the filing. Reliance Industries currently holds a 66.43% pre-issue stake in Jio Platforms, with its post-issue shareholding to be determined after the completion of the offering.
