At the 48th Annual General Meeting held on August 29, 2025, Reliance Industries unveiled significant developments, including a dedicated AI venture, an IPO timeline for Jio, outstanding financial results and landmark tech partnerships. These announcements reiterate Reliance’s role as a transformative force in India’s energy, telecom, and digital sectors.
Mukesh Ambani introduced Reliance Intelligence, a new subsidiary focused on advancing AI infrastructure with ambitions to position India as a global AI hub. The telecom unit Jio, boasting over 500 million users, revealed plans to go public by the first half of 2026. In FY25, Reliance achieved a record consolidated revenue of ₹10,71,174 crore ($125.3 billion), EBITDA of ₹1,83,422 crore and a net profit of ₹81,309 crore, underscoring robust business growth.
Reliance Intelligence aims to develop cutting-edge AI platforms spanning sectors from telecom to energy. Ambani described AI as the “Kamdhenu” of the digital era, emphasising its potential to revolutionise industries. The company plans to harness a vibrant workforce focused on deep-tech innovation to realise this vision.
Jio, now the world’s largest fixed wireless player with over 40 million users on its AI cloud, is gearing for an IPO by mid-2026. The firm’s mantra “AI Everywhere, Everyone” highlights its strategy to become a global digital leader, leveraging proprietary technology and international growth plans.
Read More: SC Initiates SIT Investigation into Reliance Foundation’s Vantara Animal Centre!
Reliance’s exports in FY25 stood at ₹2,83,719 crore, accounting for 7.6% of India’s merchandise exports. Investments totalled ₹5,60,000 crore over 3 years, and the company contributed ₹2,10,269 crore to the national exchequer in the fiscal year, surpassing ₹10,00,000 crore in cumulative tax contributions over 6 years.
The workforce at Reliance expanded to 6.8 lakh employees, with expectations to cross 10 lakh in the near future. Focused on evolving employment models, the company promotes upskilling and entrepreneurship for sustained growth as a top national employer.
Reliance announced AI-focused joint ventures with Google Cloud and Meta. Notably, the partnership with Meta includes a ₹855 crore JV to develop Llama-based enterprise AI solutions tailored for Indian businesses, to capitalise the JV in a ratio of 70% and 30% respectively.
This partnership combines Meta’s open‑source Llama models with RIL’s digital backbone to deliver enterprise‑grade AI at affordable price points for Indian enterprises and SMBs. The JV will be able to deploy AI solutions at scale, given the “Enterprise Grade” readiness of Llama, which has been proven across several production environments.
More importantly, the JV will be able to scale high-performance models at a fraction of the cost, given Llama’s lower total cost of ownership. The JV will also have greater flexibility to deploy on the cloud, on-premises, and across its own infrastructure. This will allow the JV to proactively manage infrastructure costs
Reliance Industries Share Price Performance
On August 29, 2025, Reliance Industries share price opened at ₹1,381.10 on NSE, below the previous close of ₹1,385.90. During the day, it surged to ₹1,403.50 and dipped to ₹1,350.00. The stock is trading at ₹1,350.10 as of 3:24 PM. The stock registered a significant decline of 2.58%.
Over the past week, it has declined by 4.42%, over the past month, it has declined by 2.50%, and over the past 3 months, it has declined by 4.39%.
The Reliance AGM 2025 set a forward-looking agenda with the launch of Reliance Intelligence, Jio’s IPO roadmap, strong financial results, and strategic global partnerships. These steps solidify Reliance’s position as a leading tech-driven conglomerate ready to shape India’s future across multiple domains.
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Published on: Aug 29, 2025, 4:33 PM IST
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