Until now, only Bharti Airtel backed Eutelsat OneWeb was the only key rival of Mukesh Ambani owned Jio's in the satellite internet race in India. However, Elon Musk’s Starlink may join the race soon.
Although Gautam Adani is now the second richest Asian, he is still around 13 billion dollars behind Mukesh Ambani who currently has a net worth of around 95.5 billion dollars.
According to Jio Financial, the approval letter from RBI was received on November 15, 2023. Jio Financial Services has a net worth of Rs 1.2 lakh crore.