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Scale meets technology at Reliance Jio’s massive employee launch
MUMBAI: Reliance Jio’s launch for its employees is set to create history in corporate India, as for the first time an employee launch will see as many as 35,000 people attending the event at the venue.
The event will be beamed live on the Jio network across 1000+ locations – one of them being in Dallas, US – where another 80,000 – 90,000 Reliance Industries Ltd’s (RIL) employees and their immediate kin will be watching.
The locations will be connected to the event venue at Reliance Corporate Park (RCP) via Jio’s high-speed network, which will enable two-way video interaction between employees outside Mumbai and RIL chairman Mukesh Dhirubhai Ambani.
“The conglomerate will provide high-speed Jionet Wi-Fi free to 35,000 spectators at the venue in RCP,” the company said. The venue, with its huge futuristic stage to match the digital spirit of Jio and spaced out stands for spectators’ viewing comfort, has been built from scratch in seven days flat, with thousands of men, and heavy duty machines like earthmovers and cranes, working in shifts round the clock. Gigantic LED screenshave been set at strategic locations at the event venue.
Digital invitations have been sent out to every RIL employee. The link on the digital invite leads employees to an exclusive portal managed by BookMyShow (BMS). Once employees registers themselves and their immediate family on the portal, the portal allocates tickets for the employees and their families.
“Seat allocation happens automatically (no choice of option), and QMS codes are generated to facilitate electronic allocation. Seats are colour-coded and numbered. Car parking too is allotted by the same portal, with separate spaces for chauffeur-driven and self-driven cars” an executive taking care of the production informed Indiantelevision.com.
The mega launch of Reliance Jio will no doubt be watched with bated breath by all and sundry.
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
