Reliance AGM 2025 Key Highlights: From Jio IPO to new AI ventures, a look at key announcements by Mukesh Ambani

Reliance AGM 2025 Highlights: At the 48th Annual General Meeting (AGM) of Reliance Industries, chairman Mukesh Ambani addressed the company members and shareholders and talked about the company’s performance and its contribution to the Indian economy.

The meeting was highly anticipated as investors watched for its impact on the Indian stock markets. As expected, Reliance Industries chairman announced the IPO of the company’s well-performing vertical Jio. Google CEO Sundar Pichai and Meta CEO Mark Zuckerberg also delivered an address during Reliance AGM over Reliance's partnership with Google.

In the last AGM, RIL guided for 2x growth by 2030, with the growth of Jio and Retail envisaged to double over the next three–four years.

Also Read- Reliance AGM 2025: Mukesh Ambani launches Reliance Intelligence, partners with Google, Meta to drive India’s AI revolution

Mukesh Ambani on global economy:

• The global economy today is navigating through an era of great uncertainty.
• The world is realising that conflict produces no winner.
• In today's interdependent world, the prosperity of each country is inseparably linked to the prosperity of all.
• This has become possible because of the convergence of three powerful technological transformations: Breakthroughs in Clean Energy, breakthroughs in Genomics, and breakthroughs in Artificial Intelligence.
• The global GDP today is at $110 trillion, it has the potential to reach $500 trillion within the next 25 to 30 years.

Ambani's vision of India's development

• With the right set of reforms, advanced manufacturing capabilities and a national priority on deep debt, our economy can grow at 10% this will mean that the per capita income of Indians would rise four to five times within the next two decades.
• India need not have any modern model, we have the ability and the responsibility to create an India-first model of development. This model will use to bring prosperity and security to India, improve the quality of life of each and every Indian, and protect the environment.
• This is the collective dream of nearly 1.5 billion Indians to build a nation that leads to the world, prosperity, and compassion.

Insights on Reliance Industries

• Reliance continues to lead across every key growth parameter, revenues, profitability, exports, market contribution to the ex general and social impact.
• Mukesh Ambani shared his confidence that Reliance will continue to break its own records in business performance next year and beyond.

Reliance Jio Launches and Other Highlights

• Mukesh Ambani announced Jio's IPO in CY H1 2026, called it a 'very attractive opportunity for all investors'.
• Jio crossed 500 million customers ahead of the completion of its 10 years.
• Jio carries the largest wireless data traffic in the world. Jio Air Fiber is now the largest fixed wireless provider in the world, adding over 1 million homes per month.
• From Gen AI-enabled customer chains to AI-powered diagnostics and automation, Jio is laying the foundation for India to become the world's first AI native digitally.
• Jio is redesigning every touch point to design the use, not just so whether it's discovering by using or resolving issues, our systems are now event-driven in API enabled with Gen AI at the forefront.
• Under Jio, the company has designed a digital twin of India's physical infrastructure, a living, breathing 3d model of our entire nation, covering every terrain, every locality, and every single building.
• India is one of the most important and exciting markets for Disney globally. Its scale, diversity, and deep love for storytelling present enormous opportunities. And through JioStar, we are delivering the very best in entertainment and sports, reaching audiences at an unprecedented scale, Bob Iger, Disney CEO said.

Reliance AGM 2025: Jio crosses 500 million customers, aims IPO by H1FY27, Mukesh Ambani says

Major launches by Reliance Digital Services

• Akash Ambani announced the launch of 'Jio Frames', an AI-powered wearable platform and ecosystem, made for India. With support for multiple Indian languages at launch, you can simply speak to Jio’s multilingual AI voice assistant. It is a hands-free, AI-powered companion designed for the way India lives, works, and plays.
• The company also launched Jio PC, a smart computer system to transform TVs and laptops with its new software.
• Jio launched RIYA - new voice-enabled search assistant on JioHotstar that makes discovering content effortless.
• Jio also launched Voice Print, the next leap in immersive storytelling. For the first time, on the JioHotstar App, viewers will be able to enjoy sports and entertainment in their favourite Indian language, without losing the magic of the original performance.

Also read: Reliance AGM 2025: Ambanis announce AI-powered Riya, electronics, and devices – details here

AI ventures of Reliance Industries

• The company announced the launch of a new wholly-owned subsidiary Reliance Intelligence which will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale. It will bring the world’s best tech-companies and open-source communities together.
• Reliance is establishing a joint venture with global giant Meta to build technology and artificial intelligence.
• "Google and Reliance are partnering to help all of Reliance's businesses transform, using AI – from Energy and Retail to Telecom and Financial Services. To support this AI adoption, together we are establishing a Jamnagar Cloud region, built for and dedicated to Reliance," Sundar Pichai said.

Isha Ambani delivers highlights on Reliance Retail

• The company added 2,659 new stores, taking the total to 19,340 stores, covering 77 million square feet in over 7,000 towns.
• Stores remain the backbone of the retail revenues, contributing around 70%, and will continue to grow through high single-digit like-for-like gains, plus a steady expansion of 2,000–3,000 new stores annually.
• In many locations, we have been the first modern trade retailer to enter, securing a first-mover advantage and locking in consumer loyalty, Isha Ambani said.
• Reliance Consumer Products will become a directly owned subsidiary of Reliance Industries.
• Campa Cola now holds double-digit market share in many states.
• Our near-term ambition is clear–to be the fastest consumer brands company to reach ₹1 lakh crore ($11.7 billion) in revenue within 5 years. Our long-term ambition is to become India’s largest FMCG company with a global presence. This will make RCPL a big new value-creating engine for Reliance, comparable to our Retail business in size and profitability, Isha Ambani said.

Anant Ambani makes AGM debut with Oil-to-Chemicals segment

• Reliance's Exploration & Production business contributes nearly 30% of the nation’s natural gas output.
• In FY-25, E&P delivered a record EBITDA of ₹21,188 crore ($2.5 billion). This was driven by higher output from both KG-D6 and CBM.
• "KG-D6 production rose 4% to 28 MMSCMD of gas and 21,000 BOPD. We plan to add more new wells in the next fiscal. In the KG basin, we are advancing infrastructure-led exploration, with fresh drilling scheduled for 2026," Anant Ambani said.
• Jio-bp has strengthened its position as one of India's fastest-growing fuel and mobility players. The company expanded its retail network to serve customers across key highways, urban hubs, and growth corridors.
• "We have introduced differentiated fuels with ACTIVE technology, delivering better mileage and engine performance," Ambani said.
• The company announced an investment of Rs 75,000 crore ($8.8 billion) in new projects:
• Nagothane: 1.2 million tonne PVC plant,
• Dahej: Expanded CPVC and 3 million tonne PTA facility,
• Palghar: 1 million tonne specialty polyester facility
• "The company's Hazira carbon fibre facility will be one of the world’s three largest, serving Aerospace, Defence, and Advanced Materials. And at Jamnagar, we are on course to realising the autonomous refinery," said Anant Ambani.

Reliance's New Energy initiatives:

• The electrolyser giga factory will be operational by end-2026, with the ability to scale up to 3 GW per year. It will enable cost-competitive green hydrogen production at global scale, backed by exclusive global technology partnerships, and strengthened by our in-house capabilities.
• In Kutch, Gujarat, the company is developing one of the world’s largest single-site solar projects spanning 5,50,000 acres of arid land – three times the size of Singapore.
• "At peak, we will deploy 55 MW of solar modules and 150 MWh of battery containers every day. This will be among the fastest installations globally. This single site could meet nearly 10% of India’s electricity needs within the next decade," Anant Ambani said at Reliance AGM.
• Under “Urja Daatas” – Energy Producers, the company is building 55 CBG plants with an annual capacity of 0.5 million tonne. The target is to scale up to 500+ CBG plants by 2030. At Jamnagar, the company has set up the world’s largest Bioenergy Technology and R&D Centre.

Reliance Foundation announcements by Nita Ambani

• The foundation is developing a 2,000-bed medical city in Mumbai.
• "This hospital will include a transformative medical college that we hope our country will be proud of, and the world will look up to," Nita Ambani said.

Reliance Industries Annual Report 2024-25 Highlights

Reliance Industries reported Rs 80,787 cr of Profit After Tax (PAT) in FY25. Reliance remains the single largest contributor to the national exchequer, contributing ₹2,10,269 crore ($24.6 billion) in FY-25. In the last six years, Reliance's contribution to the national exchequer has crossed ₹10 lakh crore ($117.0 billion). The performance of key verticals of the company is as follows:

Reliance Retail recorded a Gross Revenue of Rs 330,943 crore for FY25 with a growth of 7.9% over the last year. It has registered an EBITDA of Rs 25,094 crore, growing by 8.6% Y-o-Y. Strategic partnerships such as Shein, Asos, Delta Galil, and Saks Fifth Avenue helped place Reliance Retail as the partner of choice for international brands entering India.

Also Read: Reliance Industries AGM 2025 Live

Reliance Digital Services achieved a revenue of Rs 1,54,119 crore driven by tariff increase in the mobility business, ramp-up of homes and enterprise services, and scale-up of digital platforms. EBITDA stood at Rs 65,001 crore. Jio has 191 million Jio True5G subscribers, making it the largest operator globally (outside China) by 5G subscribers.

JioHotstar scaled up to 280 million paying subscribers during IPL Season 18, the second highest globally, and hit peak MAUs of 503 million in March 2025.

The company’s oil-to-chemicals vertical witnessed a revenue increase by 11% Y-o-Y to Rs 6,26,921 crore. However, the EBITDA of Oil to Chemicals for FY25 was at Rs 54,988 crore, down by 11.9%.

The Oil and Gas segment achieved the highest-ever revenue and EBITDA and witnessed a 3.2% Y-o-Y increase in Revenue to Rs 25,211 crore & 4.9 % increase in EBITDA to Rs 21,188 crore. The company is planning three additional wells in the R Cluster producing field and one additional well in the Satellite Cluster field, which is expected to provide incremental recovery of ~240 BCF from these fields.

RIL share price: The shares of Reliance Industries Ltd. were trading at Rs 1355.45 per scrip as on 15:30 on Friday after a Rs 32.2 decline.