Reliance Industries’ 48th AGM held on August 29, 2025, was a watershed moment for Indian business. Mukesh Ambani and the Reliance leadership team announced a series of bold moves - setting the stage for RIL’s next phase of growth across telecom, retail, AI, and new energy. The AGM attracted attention for the much-awaited Jio IPO clarity, a game-changing AI subsidiary, and the deepening commitment to clean energy and sustainability.
Table of Contents:
- Jio IPO Timeline and Expansion Plans
- Reliance Intelligence: New AI Subsidiary and Partnerships
- Green Energy Roadmap and Net Zero Mission
- Retail Business, Growth and Digital Transformation
- Financial Performance Highlights
- Management and Strategic Direction
- What It Means For Shareholders
- Frequently Asked Questions (FAQs)
Reliance confirmed that Jio Platforms will file for its initial public offering (IPO) in the first half of FY26. This is set to be one of the biggest IPOs in India’s corporate history and is expected to attract both domestic and global investors.
Key Data:
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Target IPO timeline: First half FY26
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Jio crosses 500 million customers.
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Jio AirFiber is now the largest fixed wireless provider globally, adding over 1 million homes per month.
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Jio AI Cloud is trusted by over 40 million users.
Summary:
Shareholders, analysts, and the market are keenly anticipating the Jio IPO, which could significantly re-rate Reliance’s value and open up new investment opportunities.
One of the biggest surprises was the launch of “Reliance Intelligence” - a wholly owned AI-driven subsidiary. This entity will build India’s next-generation AI infrastructure and partner with global tech giants Google and Meta on mission-critical projects.
Key Announcements:
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Formation of Reliance Intelligence as a new subsidiary.
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Ambition: AI “Everywhere, Everyone” as a growth engine for RIL and India.
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Google and Meta collaborate on AI products, platforms, and cloud solutions.
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AI to be embedded across all RIL businesses - from retail and telecom to manufacturing and energy.
Summary Table:
| AI Announcement |
Details |
| New subsidiary: Reliance Intelligence |
AI infra, product R&D, partnerships |
| Jio motto: AI for All |
AI cloud, deep learning expansion |
| Tech tie-ups |
Google, Meta, future partners |
Reliance is investing big in artificial intelligence, aiming to make it a core part of all its businesses and a new revenue/innovation engine.
Anant Ambani emphasised Reliance’s “Net Carbon Zero” mission for 2035, describing the shift as a strategic transformation - not just a pledge.
Key Data:
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Net Zero target: 2035.
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SEZ refinery recognised as the world’s most energy-efficient.
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10 million gigajoules of energy savings over three years.
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Aggressive push into solar (polysilicon-to-module), batteries, green hydrogen.
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Circular economy efforts: waste plastic, biomass fuels, and hydrogen.
Summary:
Reliance aims to be India’s leader in clean fuels, sustainable materials, and new energy technology - poised to match the O2C business, which took decades to build.
Reliance Retail continues to expand its footprint through physical stores, digital platforms, and innovation.
Data Highlights:
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FY25 gross revenue: ₹3,30,943 crore (up 8% YoY).
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EBITDA: ₹25,094 crore (up 8.6%).
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Mission: To benefit all stakeholders and drive social transformation.
Summary Table:
| Retail Metric |
FY25 Value |
YoY Growth |
| Gross Revenue |
₹3,30,943 Cr |
8% |
| EBITDA |
₹25,094 Cr |
8.6% |
| Store additions |
Continued expansion |
- |
| Digital platform |
Scaling |
- |
Reliance Retail views itself as more than just a business - it's a mission driven by inclusive growth, job creation, and improved lives.
Want to understand how Reliance’s quarterly earnings shaped investor sentiment? Read the detailed breakdown in the Reliance Industries Q1 FY26 Results for profit, revenue, and margins.
Reliance delivered record results for FY25, becoming India’s first company to cross $125 billion in annual revenues.
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Key Financials:
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Consolidated revenue: ₹10,71,174 crore ($125.3 billion).
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EBITDA: ₹1,83,422 crore ($21.5 billion).
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Net profit: ₹81,309 crore ($9.5 billion).
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Export contribution: ₹2,83,719 crore ($33.2 billion).
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Cumulative investments over 3 years: ₹5.6 lakh crore ($65.5 billion).
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CSR spends: ₹2,156 crore for FY25.
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Summary:
Reliance is India’s largest private sector contributor to GDP and government revenues, with strong growth in core businesses.
To review how the market is valuing Reliance post-AGM announcements, check the Reliance Industries share price, charts, and updated valuation metrics.
Mukesh Ambani and the Ambani family reiterated their commitment to technological leadership in AI, digital health, clean energy, and retail. Reliance plans to remain the “growth engine of India,” driving innovation and sustainability.
New Board Appointments:
Summary:
Reliance leadership affirms bold vision: technological self-reliance, inclusive growth, and sustainability.
The Reliance Updates channel has uploaded the entire AGM session — you should watch it to follow Mukesh Ambani’s strategic commentary on AI, retail, and clean energy directly from the leadership team.
The AGM makes it clear that Reliance is focused on future-ready businesses in AI, green energy, and digital platforms. The Jio IPO could offer new avenues for investors, and strong core business growth means dividends and capital appreciation.
Want to compare two of India’s largest corporate houses on fundamentals and valuation? Read the detailed analysis on Reliance vs Adani.
Q1. When will the Jio IPO happen?
Jio Platforms is expected to IPO in the first half of FY26.
Q2. What is Reliance Intelligence?
It is a new AI-driven subsidiary set to build advanced tech solutions, partnered with Google and Meta.
Q3. What are Reliance’s green energy goals?
Reliance targets net carbon zero by 2035 with massive solar, hydrogen, and circular economy investments.
Q4. How did Reliance perform financially?
Reliance posted record revenues and profits, solidifying its position as India’s largest private sector company.
Q5. What does this AGM mean for investors?
Jio IPO, AI subsidiary, and green energy investments set the stage for next-gen growth; strong retail and core business support shareholder value.
In Summary:
Reliance’s 2025 AGM revealed a clear roadmap for its future: AI, clean energy, digital health, retail expansion, and record-breaking financial strength. The Jio IPO is a landmark event to watch in 2026. Shareholders can expect Reliance to remain a leader in Indian and global business transformation.