Who is the owner of Reliance LYF Mobiles Company | Full Information Wiki
Here is the full information of who is the owner of Reliance LYF Mobiles Company (JIO, JIOFI). Also, know full company Information and Wiki of Reliance LYF Mobiles Company.
LYF, also known as Reliance LYF, is an Indian mobile handset company headquartered in Mumbai, Maharashtra, India. The company manufactures 4G-enabled VoLTE smartphones. It is a subsidiary of Reliance Retail, the consumer electronics arm of Reliance Industries Limited. Also, operated along with the parent company’s flagship venture, Jio.
The Mukesh Ambani-led conglomerate has invested close to Rs.1.5 trillion in its telecom venture, Ambani had said in March, describing Reliance Jio as the world’s largest start-up.
So far, RIL has launched only smartphones and smart television sets under the brand.
Eventually, The television sets will work with Jio’s soon-to-be-launched 4G network and content services. Going forward RIL also plans to launch tablets, dongles, cameras, and electronic wearables under the LYF brand. However, now the organization has stopped the manufacturing of LYF MOBILE.
About The Owner of Reliance LYF Mobiles
Ambani wanted connectivity to bring the internet to India’s masses. Oil and gas tycoon entered the country’s telecom market with a bang, offering fast internet at dirt-cheap prices. Gained 100 million customers in six months and set off a wave of consolidation in the market. These are the achievements made by Mukesh Ambani.
Above all, his vision resulted in the formation of the world’s largest grassroots petroleum refinery at Jamnagar, India.
In February 2016, Mukesh Ambani-led Jio launched its own 4G smartphone brand named LYF. Finally, In June 2016, it was India’s third-largest-selling mobile phone brand.
- Some Information About The Company / Company Wiki
|Company Name||Reliance LYF Mobiles|
|Founder||Mr. Mukesh Dhirubhai Ambani|
|Headquarters||Mumbai, Maharashtra, India|
Bio of the owner of Reliance LYF Mobiles (Wiki)
Name –Mukesh Ambani
Born- 19 April 1957
Above all, Chairman and Managing Director of Reliance Industries Limited, India’s largest private sector company. No Doubt, chosen as ET Business Leader of the Year 2006. Ranked 42nd among the World’s Most Respected Business Leaders and second among the four Indian CEOs featured in a survey conducted by PricewaterhouseCoopers and published in Financial Times, London, November 2004.
Institute of Chemical Technology
Hill Grange High School at Peddar Road, Mumbai
Net worth – US$34.9 billion (30 July 2017)
Details of the Company
LYF phones sales are primarily through the company’s Reliance Digital, Digital Express stores, and the phone’s official website mylyf.com. Furthermore, the company currently has 3,245 stores, including 1,748 stores under Reliance Digital, Digital Express, and Digital Express Mini brands.
Chinese handset maker ZTE Corporation manufactures LYF smartphones. The company plans to source more phones from the maker before the launch of its Jio 4G services later in 2016. At the same time Reliance Retail recently launched three new LYF smartphones — Flame 2, Wind 4 & Water 7, taking the portfolio to eight models, starting from the affordably priced devices at Rs 4999 to the premium devices. Also, Flame 2 holds the cheapest VoLTE-equipped phone offered by the company.
Currently, Reliance Retail is also preparing to launch ultra-HD smart TVs. This will Support Reliance Jio Infocomm’s upcoming commercial operations.
Presently, they provide the unmatched 4G network with the lowest data rate globally.
Till April, the company had sold 1.5 million devices.
“Possibly the reason behind this (market share) is that from the very beginning whatever product we were designing or bringing out, we had consumer at the center of it. We were the first guys who committed our entire range of products for voice-over long-term evolution (VoLTE),” said Sunil Dutt, president, devices, Reliance Jio. Dutt was speaking at the launch of Jio’s Earth 2 phone in Mumbai on Monday.