Reliance Industries reportedly paid October salaries about 15 days early, just ahead of the Jio Platforms IPO. Business Today reported the story on 16 October 2026, citing a Bloomberg report based on unnamed sources, per Business Today. Reliance has not confirmed or denied it.
Related: Reliance Industries coverage on TechnoSports.
Key Details at a Glance
| Item | Detail |
|---|---|
| Reported by | Bloomberg, via Business Today (16 Oct 2026) |
| Reliance workforce | 419,911 employees |
| Jio employees | 74,822 |
| Employee quota | Up to Rs 500 crore, 5% discount |
| Shareholder quota | Up to Rs 2,500 crore |
| Reliance response | Not confirmed or denied |
What was reported
Employees were not told why salaries were paid early. Bloomberg’s sources described it as an effort to get the workforce to take part in the share sale. Teams reportedly asked employees whether they or their family members have electronic trading accounts and encouraged those without one to open it.
Who can apply how
Jio employees can apply under the employee quota, other Reliance group employees can apply under the retail category, and Reliance shareholders through their reserved portion. The IPO price band is Rs 1,065 to Rs 1,119 and public subscription runs 21 to 23 October.
For the latest, read our story on the anchor round.
Context
Reliance has about 420,000 employees, the second-largest workforce among India’s listed companies after TCS, per Bloomberg data cited by Business Today. Read about Reliance Industries and Jio.
Investors should decide based on the prospectus, not employer encouragement. This is not investment advice.
What Is Not Confirmed
- The early-salary report relies on unnamed sources; Reliance has not confirmed it.
- The motive described is the sources’ characterisation, not a company statement.
Quick Answers
Did Reliance confirm the early salary?
No, it neither confirmed nor denied.
How many employees does Reliance have?
About 419,911, per Bloomberg data.
When does the IPO close?
23 October 2026.
Source: Business Today.