The last expansion of Ambani's empire was into mobile services, with the tycoon offering free voice calls for life, according to a report in phys.org.
Ambani told investors at the company's annual general meeting last week that the broadband venture being planned would be the "most advanced" in the country.
"We will now extend fibre connectivity to homes, merchants, small and medium enterprises and large enterprises simultaneously," he said.
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Ambani said Jio now had 215 million customers, adding that the new broadband service would be known as Jio Giga Fibre.
"While India has pole-vaulted into global leadership in the mobile broadband space, we still lag behind significantly in fixed-line broadband. Jio is determined to move India to among the top five in fixed-line broadband, too," he said.
Broadband suppliers in India include Bharti Airtel, Tata Docomo and the Indian Government-owned BSNL.
