Reliance AGM 2025: Live updates

The national wealth, employment, and societal impact created by our businesses and philanthropic initiatives are already so huge that they make me both humble and proud, said Mukesh Ambani. "But the best of Reliance is yet to come. In 2022, I made a promise that we will double Reliance by the end of our Golden Decade in 2028. At that time, our EBITDA was about ₹1.25 lakh crore ($ 14.6 billion). I reiterate that Reliance will more than double its EBITDA by the end of its Golden Decade."

Reliance, led by Nita Ambani, is spearheading the development of the new Coastal Road Gardens in Mumbai – a 130-acre green sanctuary. Featuring walking paths, cycling tracks, plazas, and abundant greenery, this first-of-its-kind public space aims to reconnect city dwellers with nature.

In Gujarat, Reliance is creating one of the world’s largest single-site solar projects, covering 5,50,000 acres of arid land—three times the size of Singapore. At full capacity, the company will install 55 MW of solar modules and 150 MWh of battery storage daily, making it one of the fastest-deploying projects globally. This single site has the potential to supply nearly 10% of India’s electricity demand within the next decade.

Reliance Consumer Products Ltd (RCPL) will become a direct subsidiary of RIL, consolidating all consumer brands under a focused entity. With India’s $2 trillion consumer market growing over 8% annually, RCPL aims to tap into 350 million middle-class households and 900 million rural consumers. By becoming a manufacturing company, RCPL plans to deliver global-quality products at Indian prices.

This year, Reliance Retail has added 2,659 new stores, taking our total to 19,340 stores, covering 77 million square feet in over 7,000 towns.

Reliance shares are trading at Rs. 1,363.00, down by 1.65%.

Mukesh Ambani said humanoid robotics is an exciting frontier in AI, with intelligent automation set to transform factories, warehouses, and hospitals. He added that the Reliance Group is investing to make India a leader in human-centric AI robotics, creating new industries, services, agriculture, jobs, and opportunities for the youth.

Meta and Reliance are partnering to bring open-source AI models to Indian businesses, helping fuel productivity, creativity, and innovation. Leveraging Reliance’s reach, this collaboration aims to provide entrepreneurs, creators, and companies across India with the tools to succeed. “This is just the beginning,” said Mark Zuckerberg, CEO of Meta.

Google and Reliance are partnering to accelerate AI adoption across all Reliance businesses, from Energy and Retail to Telecom and Financial Services. As part of this collaboration, a dedicated Jamnagar Cloud region will bring world-class AI and computing from Google Cloud, powered by Reliance’s clean energy and Jio’s advanced network, supporting mission-critical workloads and advanced AI initiatives.

Reliance has launched a wholly owned subsidiary, Reliance Intelligence, with four key missions: building gigawatt-scale AI-ready green data centers; uniting global tech and open-source communities; delivering trusted AI services for sectors of national importance; and fostering world-class talent to turn ideas into innovations for India and beyond.

JioHotstar has introduced Voice Print, an AI-powered feature that lets users enjoy sports and entertainment in their preferred Indian language. Using AI voice cloning and lip-sync technology, your favorite stars speak in their own voice with perfect lip-sync, delivering a natural and authentic viewing experience.

RIYA is Jio’s new voice-enabled search assistant that makes finding content effortless. Users can simply speak what they want across years, seasons, and episodes, and RIYA curates it—eliminating endless scrolling and searching.

Reliance Jio has also give us a first look at JioFrames—an AI-powered wearable platform built for India. Supporting multiple Indian languages from day one, JioFrames allows users to interact with Jio’s multilingual AI voice-assistant completely hands-free. It enables users to capture HD photos, record videos, or go live, with every memory instantly stored in Jio AI Cloud.

Jio has launched JioPC, a cloud-powered virtual computer that turns any TV or screen into an AI-ready PC. With pay-as-you-go access and seamless upgrades, it promises always-on, secure, and flexible computing, said Akash Ambani.

Jio has unveiled its next-gen AI Cloud, calling it an “AI-powered memory companion” that helps users relive moments in their own language. There is also a new AI Create Hub that will let anyone turn photos into reels, collages, or videos with ease, said Kiran Thomas, CEO of Jio Platforms.

Mukesh Ambani announced that Jio is preparing to file for its IPO, aiming for a listing in the first half of 2026. He assured investors that the move will highlight Jio’s global-scale value creation and offer a compelling opportunity.

1. Jio made voice calls free from anywhere to everywhere in India.

2. Jio made it a habit for common Indians to watch videos on their mobile and do digital payments, also through mobiles.

3. Jio laid the foundation for India’s Digital Public Infrastructure such as Aadhaar, UPI, Jan Dhan, Direct Bank Transfer, and empowered a confident new generation.

4. Jio enabled creation of the world’s third-largest start-up ecosystem in India with over 100+ unicorns.

5. Jio’s nationwide 5G rollout, the fastest in the world, has laid the foundation for the AI revolution in India.

Jio is set to enter its 10th year, marking a decade of reshaping India’s digital journey. Mukesh Ambani announced that Jio has crossed 500 million customers, calling the milestone a testament to the trust and support of millions of Indians.

In FY25, Reliance became India’s first-ever company to cross $125 billion in annual revenues. Reliance’s EBITDA stood at ₹1,83,422 crore ($21.5 billion) and net profit grew to ₹81,309 crore ($9.5 billion). Reliance’s exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India’s total merchandise exports. Reliance invested cumulatively ₹5.6 lakh crore ($65.5 billion) in the last three years.

Owing to its miraculous power, AI can now be called the new Kamdhenu – the divine wish-fulfilling cow of our age, says Mukesh Ambani.