Reliance Jio’s instrumental efforts towards pushing forward India’s digital state are today being honored in FastCompany’s annual list of the most innovative companies around the globe. The telecom operator managed to secure the seventeenth spot and the first as far as only India-based enterprises are concerned. Digital payments service Paytm stands at 31st and is the only other Indian company under the top 50 mark.
“Since the launch of Jio, our mission has been bold yet simple: to make broadband technology affordable and accessible to every person in India. We have sought nothing less than a complete transformation of the Indian telecom sector, fueled by our commitment to bring the best products, services, and value to our customers, and continuous innovation plays a major role in delivering on that promise.”, further commented Akash Ambani, Director, Reliance Jio.
Reliance Jio has spread like a wildfire ever since the inception primarily due to its affordable plans and better LTE availability. The telecom giant also propelled the country to the fifteenth spot in 4G availability worldwide, as per a report by OpenSignal. Paytm, on the other hand, has played a key role in easing Indians into the other big digital sector — payments.
The publication has declared Apple as the most innovative company in the past year followed by Netflix, Square, Tencent, and Amazon. Ironically, Facebook-owned photo sharing platform, Instagram is ranked twelveth despite borrowing the majority of its recently launched features from Snapchat. InMobi, an advertising firm, has managed to grab the third position among Indian companies. Interestingly, Google seems to be entirely absent even in the “Artificial Intelligence” category.