RIL AGM 2025: Reliance announces new wholly-owned subsidiary Reliance Intelligence

Reliance Industries Ltd. (RIL), the Nifty 50 heavyweight and oil-to-telecom-to-retail conglomerate, on Friday announced the launch of the ‘Reliance Intelligence Mission’ through the setting up of a new wholly-owned subsidiary to drive artificial intelligence in India.The new entity will house AI-ready, gigawatt-scale data centres powered by clean energy, with work already underway in Jamnagar, Chairman and Managing Director Mukesh Ambani said at the company’s Annual General Meeting (AGM) on August 29.

As part of the mission, RIL outlined key priorities:

– Bringing global technology partnerships to India
– Building AI services for consumers, small businesses, enterprises, and sectors of national importance (a move that could potentially disrupt the IT services landscape)- RIL also announced a partnership with Google for the Jamnagar Cloud Region and a dedicated joint venture with Meta to deliver sovereign AI-ready solutions.

The wholly-owned subsidiary will focus on setting up, acquiring, investing in, and promoting ventures related to artificial intelligence.

Under the JV agreement, RIL and Meta have committed an initial investment of ₹855 crore ($100 million), with RIL holding a 70% stake and Meta the remaining 30%.

The new joint venture company (JVCo) will develop, market, and distribute enterprise AI services. The transaction with Meta is expected to close in the fourth quarter of CY2025.