Mukesh Ambani

An Indian billionaire says his new tech company is growing faster than Facebook and Whatsapp

An Indian billionaire says his new tech company is growing faster than Facebook and Whatsapp

Engineers and entrepreneurs with roots in India have helped build titans of Silicon Valley. Now an Indian technology company says its growth is outpacing such giants as Skype, Whatsapp and Facebook.

The country’s richest man has launched a mobile telecommunications network that signed up more than 50 million subscribers in its first three months, which he said makes it “the fastest growing technology company not only in India, but in the history of the world.”

Mukesh Ambani’s Reliance Jio service is a symbol of the surging tech market in India, which has more than 1 billion cellphone users but the lowest rate of Internet penetration of any major economy.

It is also a...

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