Monday, August 11, 2025

Reliance AGM 2025: Chairman Mukesh Ambani charts deep-tech shift, growth priorities | 10 key points

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“We are reimagining our future and reshaping our businesses to become a new-age deep-tech enterprise,” Mukesh Ambani said in the letter to shareholders, adding that Reliance is adapting to global shifts and technological breakthroughs by integrating next-generation technologies, such as AI, advanced materials, and digital platforms, across all its business verticals. He said that India was no longer just following trends — it is setting them.

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“Over 1,000 of our in-house scientists are leading cutting-edge research in areas like AI, renewable energy, advanced materials, and digital platforms.” He said Reliance is investing in R&D to future-proof its manufacturing infrastructure and support India’s aspiration to become a global manufacturing powerhouse.

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“In FY25, India’s GDP growth remained nearly double the global average, propelled by robust domestic consumption, infrastructure development, thriving exports, and a dynamic digital ecosystem.” Ambani highlighted India’s macroeconomic strength and global leadership in areas like UPI, AI, green energy, and space technology, positioning it as a trendsetter on the world stage.

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FY25 revenue crossed ₹10.7 lakh crore, and net profit stood at ₹81,309 crore. Reliance Industries delivered strong financials with 7.1% YoY revenue growth, 2.9% growth in both EBITDA and net profit. He said Reliance delivered a year of solid and balanced growth despite external volatility, driven by the strength of its diversified model and disciplined execution.

A worker pushes trolleys outside the Reliance Market superstore in the western Indian city of Ahmedabad

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“Retail: Crossed Rs 3,30,000 crore in turnover and expanded its footprint to 19,340 stores, strengthening its leadership in the Indian Retail industry.” Ambani said every format of retail contributed to this growth, and the business continues to scale with deeper reach and consumer engagement.

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“Digital Services: Jio emerged as the world’s largest data network with 488 million users, including 191 million on 5G.” He said Jio’s rapid 5G rollout has placed it at the forefront of global digital infrastructure, supporting India’s fast-growing digital ecosystem.

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“Media: Built a large and distinctive media institution, in partnership with Disney, across genres, marking the beginning of a new era in India’s entertainment landscape.” He noted that the new venture has already delivered record viewership and engagement metrics within its first few months of operations.

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“Oil to Chemicals (O2C): Demonstrated resilience through disciplined cost management and strong domestic placement,” Ambani said. He said the segment performed steadily, navigating global volatility through operational efficiencies and domestic market strength.

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“Oil & Gas: Delivered record EBITDA, with increased output from KG-D6 and CBM blocks, enhancing India’s energy independence.” He said production growth from domestic blocks has played a crucial role in improving India’s energy security and profitability for the segment.

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“New Energy: Transitioned from vision to execution — operationalising giga-scale solar and battery energy projects.” Ambani confirmed that Reliance has begun implementing its clean energy strategy at scale, marking a step forward in its renewable energy transition.

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