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    Mr Big Picture

    Mukesh Ambani is betting on consumer businesses to take RIL's story forward.
    by Nevin John Feb 14, 2019 5 minutes

    The right decisions are always the toughest to make. Billionaire Mukesh Ambani took almost three years to make up his mind about investing in telecom business in 2010. It took another six years to design and build the digital ecosystem for the disruptive foray of Reliance Jio with 4G. India's most profitable company, Reliance Industries (RIL), has invested nearly Rs 3 lakh crore in its subsidiary Jio so far.

    But Jio made a profit of Rs 723 crore in its first year of operation on an operational revenue of Rs 20,154 crore. According to the company, it made a profit of Rs 2,124 crore in the first nine months of this financial year on a revenue of Rs 27,732 crore.

    The success story is not limited to Jio. While building the 4G network, Ambani made a farsighted investment

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