iWorld
Reliance Jio crosses 200 million subscriber mark
MUMBAI: Within two years of its launch, Reliance Jio has crossed the 200 million subscriber mark. The Mukesh Ambani-owned telco reached this milestone in the shortest time ever, according to a report from financial Express.
Earlier Jio reported a subscriber base of 187 million at the end of March. Hence, in the last three months, the company added close to 9-10 million users. Given this speed, Jio is likely to overtake Idea Cellular’s 217-million user base and even Vodafone’s 222 million users. However, Vodafone and Idea are also concluding their merger making it India’s largest telco company.
India’s current largest telco operator Bharti Airtel was the first in the country to cross 200 million subscribers back in 2014 which currently stands with 309 million wireless users.
Jio has seen major success since its launch thanks to free voice calls in domestic territory and competitive data price. While Bharti Airtel, Idea Cellular and Vodafone India have been adding around 1.5 to two million users every month, Jio’s addition has been in the range of seven to eight million.
After its launch in September 2016, Jio added 50 million subscribers in November of that year itself.
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iWorld
Pocketful appoints Prateek Singh as CEO to drive next growth phase
Ex-Bajaj Broking executive to scale digital investing platform in India
MUMBAI: Pocketful has appointed Prateek Singh as its chief executive officer, marking a key leadership move as the company looks to scale its presence in India’s fast-evolving investment market.
Backed by the three-decade legacy of Pace Group, Pocketful is positioning the appointment as a strategic step to accelerate growth and strengthen its foothold among retail investors.
Singh brings over 13 years of experience in building digital financial platforms, with expertise spanning customer acquisition, product development and business expansion. He joins from Bajaj Broking, where he served as chief growth officer and played a key role in enhancing the company’s digital capabilities and platform experience.
Commenting on the appointment, Pocketful co-founder Sarvam Goel said, “Prateek’s appointment represents an essential milestone for Pocketful as we expand our operations and strengthen our position in the Indian investment market.” He added that Singh’s experience aligns closely with the company’s vision of building a user-focused, technology-driven platform.
For his part, Singh said, “I am truly excited to join Pocketful at such a pivotal stage of its growth journey,” highlighting the rising retail participation and shift towards digital investing in India. He added that the focus will be on simplifying the investing experience and enabling more informed participation in capital markets.
Pocketful offers zero brokerage on equity delivery trades, along with no account opening charges and lifetime zero annual maintenance fees, positioning itself as an accessible platform for new-age investors. It also caters to active traders with advanced tools and features such as margin trading and its in-house intelligence layer, Pocketful GPT, designed to assist with trade ideas and portfolio analysis.
The company has recently expanded into mutual funds, signalling its ambition to evolve into a full-stack investment platform. With Singh at the helm, Pocketful is looking to ride the wave of India’s growing retail investor base and sharpen its competitive edge in the crowded brokerage space.
