Reliance-Meta Join Forces for ₹855-Crore Enterprise AI Push; Shares Jump 2%

Mumbai | October 27

Shares of Reliance Industries Ltd (RIL) rose over 2% on Monday after the company announced the incorporation of Reliance Enterprise Intelligence Ltd (REIL), a new ₹855-crore joint venture with Meta Platforms to develop and scale enterprise artificial intelligence (AI) solutions in India.

RIL’s stock touched an intraday high of ₹1,463.5, before closing 1.9% higher at ₹1,480.2 on the NSE, outperforming the Nifty 50, which gained 0.6%. This marks the second straight session of gains for the conglomerate, whose shares have risen over 21% so far this year, expanding its market capitalisation to nearly ₹20 trillion.

Reliance and Meta to Build Enterprise AI Infrastructure

The newly incorporated entity, REIL, is a joint venture between Reliance Intelligence Ltd, a wholly owned subsidiary of RIL, and Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc. According to the company’s filing, Reliance Intelligence will hold a 70% stake, while Meta will own 30%. Both partners have jointly committed an initial investment of ₹855 crore in the venture.

REIL, incorporated in India on October 24, 2025, will focus on the development, marketing, and distribution of enterprise AI products and services across key business sectors. Reliance said that no governmental or regulatory approvals were required for the formation of the new entity.

“REIL will be engaged in developing, marketing and distributing enterprise AI services,” the company said. “The transaction does not qualify as a related-party deal.”

Reliance Intelligence will initially invest ₹2 crore for the subscription of 20 lakh equity shares of ₹10 each, with additional capital infusions planned as the business scales.

Mukesh Ambani and Mark Zuckerberg Outline AI Vision

The partnership builds on the long-standing collaboration between Reliance and Meta, which began with the latter’s investment in Jio Platforms in 2020. At Reliance’s 48th Annual General Meeting earlier this year, Chairman Mukesh Ambani had unveiled plans to integrate AI deeply across the company’s energy, retail, and telecom businesses.

“Together, we want to pair the power of open-source AI with Reliance’s deep domain knowledge across industries,” Ambani said at the AGM. “This partnership will help deliver sovereign, enterprise-ready AI for India.”

Meta CEO Mark Zuckerberg described the initiative as an opportunity to empower businesses and individuals through open, accessible AI technologies. “We believe this technology has the potential to usher in a new era of personal and enterprise empowerment. This partnership is a step towards ensuring that everyone has access to AI and, eventually, superintelligence,” Zuckerberg said.

AI as a Strategic Growth Frontier

Reliance has positioned AI as a central pillar of its future growth strategy, centred around four focus areas — Infrastructure, Partnerships, Services, and Talent. The creation of REIL marks a significant step in establishing a dedicated platform to accelerate AI innovation, both for domestic enterprises and select international markets.

With over a billion internet users, India represents one of the fastest-growing markets for AI-driven applications. The joint venture aims to build enterprise-grade solutions that enhance productivity, creativity, and operational efficiency at scale.

Besides Meta, Reliance is also working with Google to expand AI cloud infrastructure, including a large-scale data centre in Jamnagar, Gujarat, that will support its digital and energy businesses.

Financial Overview (₹ Crore)

Source: Company Filings

A New Chapter in India’s AI Ambitions

The formation of REIL marks Reliance’s latest push to expand its digital ecosystem beyond connectivity and retail. With this venture, the conglomerate aims to position itself at the intersection of technology, data, and innovation, supporting India’s broader ambition to become a global hub for artificial intelligence development and deployment.

The partnership between Reliance Industries and Meta Platforms underscores the growing convergence of India’s corporate and technology ecosystems — one that could redefine the country’s digital economy in the years to come.