RIL AGM Announcements: Reliance Industries Ltd (RIL) made a string of announcements at its 48th Annual General Meeting on Friday, including a long-awaited timeline for the Jio IPO, the launch of a new AI-focused subsidiary, and updates across its telecom, retail, and energy businesses.
Chairman Mukesh Ambani said Reliance Jio is aiming to go public in the first half of 2026, as the telecom unit crosses the 500 million subscriber mark. Despite the announcement, RIL shares slipped around 1 per cent in afternoon trade.
Reliance Intelligence: AI Push, New Subsidiary Unveiled
A major highlight was the launch of Reliance Intelligence, a new unit focused on building AI infrastructure and delivering AI-powered services. The company also announced new partnerships with Google and Meta to co-develop AI tools and cloud solutions tailored for Indian users and businesses.
New AI products were also introduced, including:
JioPC, a virtual computer powered by the cloud
JioFrames, smart glasses with built-in voice assistant
RIYA, a voice-based content discovery assistant
An upgraded Jio AI Cloud for content creation and storage
RCPL: Retail and FMCG Update
Reliance’s retail arm continued to expand, adding over 2,600 stores in FY25 and now operating more than 19,000 outlets across 7,000 towns. Digital channels currently account for a single-digit share of sales but are expected to grow to 20 per cent over the next three years.
Reliance Consumer Products Ltd (RCPL) — which will now become a direct subsidiary of RIL — reported Rs 11,500 crore in revenue in its first full year, making it one of the fastest-growing new FMCG companies in the country.
Financials and Energy
RIL posted consolidated revenue of Rs 10.71 lakh crore in FY25, with net profit at Rs 81,309 crore. Exports stood at Rs 2.83 lakh crore, accounting for 7.6 per cent of India’s total merchandise exports. Over the last three years, Reliance has invested Rs 5.6 lakh crore across businesses.
Anant Ambani, making his AGM debut, outlined the company’s new energy strategy, noting strong performance despite global supply chain disruptions.
CSR and Government Contributions
In FY25, RIL contributed Rs 2.1 lakh crore to the national exchequer and spent Rs 2,156 crore on CSR initiatives. The company’s total tax and duty payments over the past six years have crossed Rs 10 lakh crore.
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