Reliance Industries Limited (RIL) held its 48th Annual General Meeting (AGM) where Chairman Mukesh Ambani made several big announcements that could reshape India’s technology and business landscape in the coming years. From Jio’s highly awaited IPO timeline to Reliance’s ambitious AI expansion, the AGM gave investors, shareholders, and technology enthusiasts plenty to look forward to.
Here are the five key highlights from Mukesh Ambani’s speech that captured attention.
Jio IPO by First Half of 2026
The biggest announcement came when Mukesh Ambani confirmed Jio’s plan to go public. Speaking to shareholders virtually, he revealed that preparations for the IPO are in full swing.
“Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to necessary approvals,” Ambani said.
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With over 500 million subscribers already on board, Jio continues to be India’s largest telecom operator. In FY25, the company recorded revenues of ₹1.28 lakh crore, a 17% year-on-year growth. Industry experts believe that the Jio IPO could be one of India’s biggest listings, attracting strong interest from domestic as well as global investors.
Reliance Bets Big on Artificial Intelligence
Mukesh Ambani described Artificial Intelligence (AI) as the “Kamdhenu of our age,” emphasizing its potential to transform every sector. To lead India’s AI revolution, Reliance has launched a new subsidiary called Reliance Intelligence, dedicated to developing AI-powered solutions.
The new entity will focus on building AI-ready data centres, services, and talent, making advanced AI tools accessible across industries such as energy, telecom, healthcare, retail, and entertainment.
“Reliance Intelligence promises to deliver AI everywhere for every Indian,” Ambani declared, adding that the name is pending approval from the Ministry of Corporate Affairs.
This move signals intent to not just adopt AI, but also to position itself as a global leader in the technology.
Partnerships with Google and Meta
Another highlight of the AGM was Reliance’s expanding partnerships with tech giants Google and Meta.
Google Collaboration
Reliance is working with Google Cloud to set up a dedicated AI-focused cloud region in Jamnagar, powered entirely by green energy and connected through Jio’s high-speed network. This new infrastructure will host Google’s latest AI models and services, offering Indian enterprises, startups, and government agencies world-class AI capabilities at scale.
Meta Joint Venture
Reliance is also joining hands with Meta to build enterprise AI solutions in India. The joint venture, with an initial investment of ₹855 crore ($100 million) split in a 70:30 ratio between Reliance and Meta, will focus on developing ready-to-deploy AI platforms for businesses.
The collaboration will leverage Meta’s open-source Llama models alongside Reliance’s vast reach across thousands of enterprises and small businesses in India. This partnership is expected to accelerate the adoption of AI tools in sectors like healthcare, finance, retail, and logistics.
Strong Growth Roadmap for the Future
Mukesh Ambani also shared Reliance’s long-term growth vision. He highlighted that the company is on track to more than double its EBITDA by 2027, marking the completion of Reliance’s self-described Golden Decade.
Reliance’s growth strategy is centered on four pillars:
- New Energy – accelerating investments in renewable power and green hydrogen.
- Consumer Products – scaling up FMCG and retail businesses.
- Retail Expansion – targeting over 20% CAGR growth in retail operations over the next three years.
- Deep-Tech Solutions – pushing innovation in AI, cloud, and digital platforms.
Ambani also revealed that Reliance’s FMCG arm is eyeing ₹1 lakh crore in revenue within the next five years, aiming to become one of India’s fastest-growing consumer goods companies.
New Digital Product Launches
The AGM also showcased some exciting new digital products from Jio, further strengthening its ecosystem.
- JioPC – An AI-ready computer that can turn any standard TV into a full-fledged personal computer, designed to make digital access more affordable and universal.
- JioFrames – AI-powered smart glasses with multilingual support, created to enhance communication and immersive experiences.
- Jio AI Cloud upgrades – Enhanced AI cloud services to enable startups, businesses, and developers to access cost-effective, scalable AI solutions.
- Home broadband solutions – New innovations to bring faster and smarter connectivity to Indian households.
These product launches highlight Reliance’s ambition to democratize access to digital and AI-driven technology, making advanced tools available to every Indian household and business.
Why Reliance AGM Matters
Reliance AGMs have always been seen as major events that set the direction for India’s digital and energy future. This year’s announcements were particularly significant as they not only confirmed the Jio IPO timeline but also revealed Reliance’s AI-driven roadmap, which could transform multiple industries in India.
With strategic partnerships with Meta and Google, new AI-focused infrastructure, and a clear growth plan, Reliance has once again reinforced its reputation as a company that drives change on a global scale.
For investors, the Jio IPO in 2026 will be the next big milestone to watch, while for consumers, the new AI-driven products promise to make advanced technology more accessible and affordable.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Readers are encouraged to do their own research before making any investment decisions.
