Established in 2019, it acts as a holding company for India's largest mobile network operator, Jio, and other digital businesses of Reliance.

As of September 2020[update], Reliance Industries has raised ₹1.65 lakh crore (equivalent to ₹1.9 trillion or US$22 billion in 2023) by selling a nearly 33% equity stake in Jio Platforms.

[13] In October 2019, Reliance Industries (RI) announced the creation of a wholly-owned subsidiary for its digital businesses, including Jio.

[29] In June 2021, Jio Platforms unveiled their Android smartphone named JioPhone Next, with plans to launch in India by September 2021.

The newly formed Jio Space Technology Limited will deliver broadband services in India of up to 100 Gbit/s capacity using SES's SES-12 high-throughput geostationary satellite and the O3b mPOWER medium Earth orbit satellite constellation to extend JPL's terrestrial network, enhancing access to digital services in unconnected areas within India and the region.

[32] In December 2023, Jio Studios decided to back out of producing upcoming Akshay Kumar movies Hera Pheri 3 and Welcome to the Jungle.

[33] In Reliance's 47th annual general meeting, chairman Mukesh Ambani unveiled the artificial intelligence platform, JIO Brain.