Jio Platforms, the listed holding company for Reliance Jio’s digital and telecom businesses, appoints Pankaj Pawar as chief executive officer ahead of its planned initial public offering, according to draft IPO documents reviewed by multiple outlets. The filings indicate that Kiran Thomas steps down as CEO on March 23, with Pawar taking charge the next day, March 24. The company’s draft prospectus submitted to India’s capital markets regulator, Sebi, in June describes Pawar, 53, as the CEO of Jio Platforms and the managing director of Reliance Jio Infocomm Ltd, citing his long association with the Reliance Group since 2000 and experience in scaling consumer and digital services businesses.
The draft papers also outline Jio Platforms’ intention to raise about Rs 37,700 crore (around USD 4 billion) and value the company at roughly USD 137 billion. Some reporting also notes that Thomas is not listed among the company’s key managerial personnel in the draft prospectus, even though he has previously appeared in public company materials. The change is presented in connection with the company’s IPO preparations.
