Reliance Retail had earlier run a chain of small-sized stores under the brand Digital Express, which were shut down and converted to My Jio stores selling Jio connections and some mobile phones.

India’s richest man Mukesh Ambani announced another addition to the Reliance family in early 2016 and since then Reliance Jio has become nearly synonymous with India’s digital growth.

While RIL was using its years of profits to buy these companies, eventually they moved to a new umbrella entity encompassing all the digital services and products. “Jio gave Reliance the ...