India, July 9 -- Jio Platforms, the technology subsidiary of Reliance Industries Ltd (RIL) which houses telecom operator Reliance Jio Infocomm, has reportedly decided not to go public this year. Instead, the company is focussing on strengthening its business performance and growing its core operations.

According to a Reuters report, there is now no official timeline for the IPO. No investment banks have been appointed to manage the process.

"It's (the IPO) not happening this year. The company wants the business to mature more," the report quoted a source as saying.

Inc42 has reached out to Jio Platforms for a comment on the development. The story will be updated on receiving a response.

Analysts currently value the company at about $1...