Mumbai: Reliance Industries chairman Mukesh Ambani unveiled a sweeping vision for the conglomerate at its 48th Annual General Meeting (AGM) on Thursday, highlighting milestones across telecom, digital, energy, retail and healthcare. The session’s centrepiece was the announcement of a Jio IPO timeline, a major artificial intelligence strategy, and an acceleration of green energy projects.
Jio IPO and telecom milestones
Ambani confirmed that Reliance Jio has crossed 500 million subscribers, reinforcing its position as India’s largest telecom operator. He announced that Jio would be listed on the stock exchanges in the first half of 2026, a move expected to rank among India’s biggest IPOs. This long-awaited listing is set to unlock shareholder value while strengthening Reliance’s digital ecosystem.
AI ambitions and global partnerships
The AGM also saw the launch of Reliance Intelligence, a dedicated AI arm. The company announced significant collaborations with global technology leaders, including a $100 million joint venture with Meta to build open-source AI models. Reliance is also partnering with Google to scale enterprise-focused AI solutions, signalling a bold push into emerging digital technologies.
Green energy and infrastructure
Ambani reaffirmed Reliance’s commitment to clean energy through mega projects in Gujarat. The company highlighted progress on one of the world’s largest solar installations in Kutch and the upcoming Dhirubhai Ambani Giga Energy Complex in Jamnagar. These projects aim to reduce India’s dependence on fossil fuels and place Reliance at the forefront of global renewable energy transitions.
Consumer tech rollouts
Reliance also unveiled several digital products under the leadership of Akash and Isha Ambani. These include:
- JioPC, a cloud-based virtual computer
- JioFrames, AI-enabled wearable glasses
- RIYA, a multilingual AI-powered voice assistant
- VoicePrint, a voice cloning feature designed to personalise user experiences across platforms.
These innovations reflect Reliance’s ambition to become a global leader in consumer technology.
Retail and healthcare expansion
Reliance Retail continued its strong growth trajectory, with plans to expand further. The group also consolidated Reliance Consumer Products Limited directly under the parent company. On the healthcare front, Nita Ambani announced Jeevan, a paediatric oncology wing at Reliance Foundation Hospital, aimed at providing advanced treatment for children battling cancer.
Market response
Despite the ambitious announcements, Reliance Industries’ shares closed about 2 percent lower on AGM day. Analysts attributed this to profit-booking after recent rallies, while noting that the long-term growth story of Reliance remains intact, driven by the Jio IPO and the company’s digital and green energy roadmap.
Conclusion
Mukesh Ambani’s 48th AGM address reaffirmed Reliance’s dominance in Indian business and its global ambitions. From unveiling Jio’s IPO timeline to launching a powerful AI and green energy push, the company underscored its readiness for the future. While investors reacted cautiously in the short term, Reliance’s expansive vision positions it as a leader across multiple industries in the coming decade.