Highlights from the AGM of India’s one of the leading company
Reliance Industries Ltd (RIL) wrapped up its 48th Annual General Meeting recently with a sweeping set of announcements across digital, retail and energy. Chairman, RIL confirmed Jio will file for its IPO by the first half of 2026. He also unveiled Reliance Intelligence, a new AI subsidiary to build green energy-powered data centres and deliver AI services at national scale. He described artificial intelligence as the “new Kamdhenu” of the modern age, capable of delivering unprecedented productivity, efficiency, and human advancement. Reliance Jio Infocomm Chairman Akash Ambani introduced JioPC, a cloud-powered virtual computer, alongside other AI-enabled products and platforms. He identified Clean Energy, Genomics, and AI as converging forces set to define a 21st-century age of “super-abundance and super-affordability” for all. Calling for an India-specific path to growth, he advocated a model that harmonises “technology with democracy” and “spirituality with science,” led by deep tech and inclusive prosperity.
Reliance Retail Ventures Ltd Executive Director Isha Ambani outlined a 20 percent-plus CAGR growth path for Reliance Retail and expansion of Reliance Consumer Products into a global FMCG powerhouse. Reliance Industries Ltd Executive Director Anant Ambani detailed giga-scale investments in solar, hydrogen, and bioenergy, reaffirming the group’s Net Carbon Zero 2035 goal. He said these projects position Reliance to lead India’s clean energy transition.
In his closing remarks, Mukesh Ambani said the New Energy business could surpass the Oil-to-Chemicals segment within 5–7 years, and reiterated Reliance’s commitment to more than double EBITDA by 2028.
Reliance remained the largest corporate contributor to the national exchequer and one of the country’s top job creators, with a workforce of nearly 6.8 lakh.
