Reliance Industries Limited (RIL) and Meta Platforms have formed a new company, Reliance Enterprise Intelligence Limited (REIL), to focus on developing and distributing artificial intelligence services for businesses.

The joint venture aims to strengthen enterprise technology capabilities and explore AI-based solutions.

Reliance will hold a 70% stake, while Meta will own 30% of the new entity. The partnership involves an initial investment of approximately ₹855 crore.

Transaction Not a Related Party Deal, Says Reliance

RIL clarified that the transaction is not a related party transaction, and none of its promoters or group companies have any direct or indirect interest in the deal.

“The transaction does not fall within a related party transaction and none of the Company's promoter/promoter group/group companies have any interest in the above transaction,” the company stated.

The company also confirmed that no governmental or regulatory approvals were required for REIL’s incorporation.

Announcement by Mukesh Ambani and Mark Zuckerberg

The partnership was announced by Mukesh Ambani, Chairman of Reliance Industries, at the RIL AGM 2025. He said the joint venture will use Meta’s open-source AI models to deliver “sovereign, enterprise-ready AI for India.”

Meta CEO Mark Zuckerberg described the partnership as “a key step forward towards ensuring that everyone has access to AI and eventually super intelligence.”

Reliance Intelligence has subscribed to 20,00,000 equity shares at ₹10 each, amounting to ₹2 crore in initial capital. The investment is part of the joint commitment totaling ₹855 crore to fund REIL.

This is not the first partnership between the two companies. In 2020, Meta invested $5.7 billion in Jio Platforms, the parent company of Reliance Jio.

PHOTO: THE PIONEER

This article was created with AI assistance.