Summary of this article
Jio IPO to hit markets by first half of 2026.
Reliance launches Reliance Intelligence, an AI-focused subsidiary.
Partnership with Google for a dedicated Jamnagar Cloud region.
Joint venture with Meta to deliver enterprise AI using Llama models.
JioPC, JioFrames smart glasses, and RIYA voice assistant unveiled.
The Dalal Street was on edge on August 29, 2025 as Mukesh Ambani, the chairman and managing director of India's most valuable company Reliance Industries Ltd (RIL), made several announcements at the company's 48th annual general meeting (AGM).
Speaking to shareholders over video conference on Friday, Ambani began by saying, “The global economy today is navigating through an era of great uncertainty. The world is realising that conflict produces no winners. While uncertainty surrounds us. Humanity all still stands at the threshold of a golden age in the 21st century.”
At the AGM, Ambani made several key announcements, including plans for Reliance Jio’s much-awaited initial public offering (IPO), the company’s focus on artificial intelligence (AI), and new partnerships with tech giants Google and Meta.
Reliance AGM 2025: Top 5 Takeaways
Here are the key takeaways from the Reliance Industries AGM 2025.
Reliance AGM 2025: Jio IPO by H1CY26
One of the major announcements of the day which kept shareholders on the edge was Jio Platforms’ plans to debut on the stock exchanges by the first half of the calendar year 2026 (H1CY26).
"Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals,” Ambani told shareholders.
“I assure you this IPO will demonstrate Jio’s capability to create the same quantum of value as our global counterparts. I am confident it will be a very attractive opportunity for all investors,” he said.
Reliance Industries holds a 66.5 per cent stake in Jio Platforms Ltd, which fully owns Reliance Jio Infocomm, the telecom arm of the group.
If successful, Jio IPO could be the biggest IPO India has ever seen. As of now, Hyundai Motor India's Rs 27,858.75 crore-IPO is the biggest issue so far.
Reliance AGM 2025: Jio’s Global Expansion Plans
In his address, Ambani said that the total user base of Jio, which started operations in 2016, has now crossed 500 million. “Just a week from now, Jio will enter its 10th year of service to the nation. Looking back, these years have been the most glorious in India’s digital history,” he said.
In the near future, Ambani said that Jio will now expand operations outside India. Jio seeks to digitise every Indian business and enterprise and simple, scalable platforms, he announced.
Reliance AGM 2025: Reliance Intelligence
Reliance Industries also announced the launch of Reliance Intelligence, a wholly owned subsidiary. As Ambani said, it will focus on advancing AI in India and building the country into a “global hub” for innovation.
Called it “a landmark step for Reliance and for India’s digital future,” Ambani added that Reliance Intelligence will also focus on robotics and intelligent automation, with an aim to build advanced, adaptive systems for sectors like manufacturing, logistics, healthcare, and agriculture.
Highlighting progress in humanoid robotics, Ambani said Reliance Industries is “investing to make India a leader in robotics.”
Reliance AGM 2025: Global Tech Partnerships
Ambani also announced a deep AI partnership with Google. “This collaboration will establish a Jamnagar Cloud region, dedicated to Reliance, delivering world-class AI powered by clean energy from Reliance and connected via Jio’s advanced network,” said Google CEO Sundar Pichai, speaking at the AGM.
Ambani also announced a joint venture with Mark Zuckerberg’s Meta Platforms to develop AI solutions for businesses, starting with an initial investment of Rs 855 crore. Reliance Industries will hold a 70 per cent stake and Meta Platforms will hold 30 per cent. Zuckerberg said the partnership would “put open-source AI models into real-world use in India.”
The venture will leverage Meta’s Llama models to offer pre-configured AI solutions for key business functions like sales, customer service, finance and IT, targetting both large enterprises and small businesses. “We will democratise enterprise-grade AI for every organisation,” Ambani said.
Reliance AGM 2025: New Energy Plans
In his first AGM address, Executive Director Anant Ambani said that the Dhirubhai Ambani Giga Energy Complex in Jamnagar, is nearing completion at a record pace. “It will be unmatched globally in size, scale, and integration,” he said.
He added Reliance Industries is already building one of the world’s largest single-site solar projects in Kutch and has saved 10 million gigajoules of energy through efficiency programmes in the past three years.
Mukesh Ambani said that the company’s New Energy business could rival or even surpass its oil-to-chemicals segment within five to seven years, with a goal of reaching net carbon zero by 2035.
Reliance AGM 2025: Other Major Announcements
Mukesh Ambani also made several other major announcements including the launch of JioPC, a cloud-powered virtual computer, JioFrames, AI-powered smart glasses, and RIYA, a multilingual voice-enabled search assistant for its streaming platform JioHotstar.
JioHotstar will soon use AI to clone voices and lip-sync content in multiple Indian languages.
