Jio IPO, AI Push, Google & Meta Tie-Ups: Full Text Of Mukesh Ambani's Speech At 48th RIL AGM

Mukesh Ambani's Vision for Reliance: A New Era of AI, Clean Energy, and Global Growth

Reliance Industries Limited (RIL) Chairman Mukesh Ambani delivered a powerful address at the company's 48th Annual General Meeting (AGM), outlining ambitious plans for the future, including a timeline for Jio's IPO, the launch of a new AI subsidiary, and expanded partnerships with global tech giants.

Ambani's address, delivered on the auspicious occasion of Ganesh Chaturthi, began with a call for global cooperation amidst economic uncertainty. He highlighted the convergence of three powerful technological transformations—Clean Energy, Genomics, and Artificial Intelligence—as key drivers of future growth, emphasizing India's unique position to lead in this new era.

Key Highlights from Ambani's Speech:

• Jio's IPO: Ambani announced plans to file for Jio's IPO, aiming for a listing in the first half of 2026, subject to approvals. This move is expected to unlock significant value for investors.
• Reliance Intelligence: The launch of Reliance Intelligence, a new AI-focused subsidiary, aims to build India's next-generation AI infrastructure, foster global partnerships, develop AI services for Indian consumers and businesses, and attract top AI talent.
• Google and Meta Partnerships: Ambani highlighted strengthened partnerships with Google and Meta, focusing on accelerating India's AI ecosystem through infrastructure development, collaborative AI services, and open-source AI initiatives.
• Record Financial Performance: RIL reported record consolidated revenue of Rs 10,71,174 crore ($125.3 billion) in FY-25, becoming India's first company to cross $125 billion in annual revenue. EBITDA and net profit also reached record highs.
• Retail Growth: Reliance Retail continues its impressive growth trajectory, becoming one of the fastest-growing retailers globally, with Reliance Consumer Products Limited (RCPL) showing exceptional early success.
• Commitment to India's Growth: Ambani reiterated Reliance's commitment to India's development, emphasizing job creation, technological advancement, and societal impact through its businesses and philanthropic initiatives.

Ambani emphasized Reliance's transformation into a Deep-Tech company with advanced manufacturing capabilities, driven by innovation and a focus on AI integration across all business segments. He also highlighted the importance of nurturing next-generation leaders and strengthening Reliance's institutional foundation for long-term sustainable growth.

The speech concluded with a powerful call for unity and collaboration within India's business community to accelerate the nation's economic growth and achieve self-reliance in key technologies and industries.

The full text of Mukesh Ambani's speech is available [link to full speech if applicable].