RIL, Meta To Jointly Invest INR 855 Cr In AI Joint Venture

About two months after announcing a new joint venture (JV) with Meta, Reliance Industries’ (RIL’s) wholly owned subsidiary Reliance Intelligence Limited has announced the incorporation of a new entity, Reliance Enterprise Intelligence Limited (REIL), as part of a joint venture with Facebook Overseas Inc, a subsidiary of Meta Platforms.

Reliance Intelligence will hold 70% stake in REIL while Facebook will hold the balance 30%. The duo have jointly committed an initial investment of INR 855 Cr ($97.4 Mn). As of now, Reliance Intelligence will be investing INR 2 Cr towards initial subscription of 20 Lakh equity shares of REIL at a face value of INR 10 apiece.

Incorporated on October 24, REIL will focus on developing, marketing and distributing enterprise AI services in India and globally, as per the company’s exchange filing today.

RIL chairman Mukesh announced the JV during RIL’s 48th annual general meeting (AGM), adding that the collaboration will focus on building “sovereign enterprise AI solutions” using open models and tools from Meta.

While much hasn’t been disclosed about the entity’s business, it was revealed earlier that it would make Meta’s open source Llama models available to Indian businesses, enabling them to adopt AI at scale.

For the Indian conglomerate, AI has emerged as the key focus area in recent times. Its progress in AI would be helmed by the newly incorporated AI subsidiary Reliance Intelligence, which was announced by Ambani during the AGM. It has the following four agendas:

Building AI infrastructure: The subsidiary will build gigawatt scale AI data centres. “Work has already begun on the gigawatt scale AI ready data centres in Jamnagar,” Ambani said.

House global partnerships: To bring world’s best tech companies to work together on AI products.

AI services: It will offer India-focussed AI services. The subsidiary aims to deliver easy-to-use AI services to consumers, small businesses and enterprises. Besides, it will provide solutions for sectors of national importance, such as education, healthcare and agriculture.

Talent: Reliance Intelligence aims to create a home for world class researchers, engineers, designers, to convert ideas to innovations, Ambani said.

During RIL’s Q2 earnings call, strategy and planning head Anshuman Thakur said that Reliance Intelligence would be investing in developing AI capabilities, infrastructure to build solutions and products. These solutions would gradually be rolled out to the market through Jio or through the other ecosystem companies that they have got.

“Some of our products already leverage homegrown AI via JioBrain, integrate leading external models, and deliver solutions across consumers, SMBs, and enterprises,” he added.

Besides partnering with Meta, the company also entered a strategic partnership to accelerate AI adoption across Reliance’s businesses, including energy, retail, telecom, and financial services. The collaboration involves building a dedicated cloud region in Jamnagar, powered by the conglomerate’s clean energy and connected by Jio’s network.

Last year, RIL also partnered with chip major NVIDIA to get access to its cutting-edge AI processing hardware, including NVIDIA’s Grace Hopper superchips.

On the financial front, the conglomerate’s digital arm Jio Platforms posted a 13% YoY increase in its consolidated net profit to INR 7,379 Cr in Q2 FY26. Its operating revenue increased 15% YoY to INR 36,332 Cr from INR 31,709 Cr in Q2 FY25

Shares of RIL ended Friday’s trading session up 0.23% at INR 1,451.45.