Mumbai: Reliance Industries Limited (RIL), led by business tycoon Mukesh Ambani, has taken a bold leap into the artificial intelligence (AI) arena by forging a strategic joint venture with Meta’s wholly owned subsidiary, Facebook Overseas Inc.
The new entity, Reliance Enterprise Intelligence Limited (REIL), will see RIL holding a commanding 70% stake, while Facebook Overseas contributes 30%.
Announced on Saturday, this partnership represents a major turning point in India’s burgeoning AI landscape. REIL, incorporated on October 24, 2025, aims to develop, market, and distribute cutting-edge enterprise AI services, focusing on data analytics, automation, predictive modelling, and smart decision-support systems tailored for large businesses.
With an initial capital infusion of ₹855 crore, Reliance will shoulder the majority of the investment, reinforcing its commitment to driving technological innovation.
This move aligns with Reliance’s ambitious digital expansion strategy, building on its transformative telecom journey with Jio. The collaboration with Meta, which previously invested ₹43,574 crore in Jio Platforms in 2020 for a 9.99% stake, strengthens Reliance’s foothold in the global AI ecosystem. Experts believe this alliance will empower Indian industries with world-class AI solutions, enhancing efficiency and competitiveness.
Notably, the formation of REIL required no regulatory approvals, enabling swift execution.
As India embraces the AI revolution, this partnership positions Reliance and Meta as frontrunners in shaping the future of enterprise technology.