'RIL expanded in every conceivable technology trend'

"The company has both built and acquired portfolio of platforms in Artificial Intelligence, Natural Language Processing, NB-IoT, Edge Computing, AR/VR & Mixed Reality etc. We believe these platforms would not only generate additional revenue streams in future but also provide a tech-backbone to differentiate various product suite with significant cost advantage," it said.

On the recent investments into Jio Platforms, the Axis Capital report said that Facebook's strategic investment in Jio Platforms has introduced a new dimension to the market opportunity.

"We believe marquee investors (Silver Lake, Vista, General Atlantic, KKR) see JPL as a unique consumer platform with distribution strength that can be leveraged across Connectivity, Commerce and Credit using technology prowess (Computing platform) to stay ahead of the curve. We expect the market opportunity to continue to attract best-in-class global investors," it said.

The report noted that in less than half a decade of operations, Jio Platforms has managed to gain leadership position in both wireless and broadband services with a formidable infrastructure. The company has not only gained 38.8 crore subscribers with gain of 43 per cent AGR market share and 60 per cent share in data traffic, but also an ecosystem of platforms like TV, news, chat, wallet, cloud among others, it added.