Reliance Industries Limited (RIL) has announced a new partnership between its subsidiary, Reliance Intelligence Limited, and Facebook Overseas, Inc., a wholly owned arm of Meta Platforms. The joint venture, named Reliance Enterprise Intelligence Limited (REIL), will focus on developing, marketing, and distributing enterprise AI services.
Shareholding and Investment Details
Under the joint venture agreement, Reliance Intelligence will hold a 70% stake, while Facebook will own the remaining 30%. Both companies have committed a total investment of around ₹855 crore to the project, signaling a major step in expanding enterprise-level AI solutions in India.
Incorporation of REIL
REIL was officially incorporated in India on October 24, 2025, as a wholly owned subsidiary of Reliance Intelligence. The company subscribed to 20 lakh equity shares worth ₹2 crore as initial capital. This entity will serve as the operational vehicle for the partnership between Reliance and Facebook.
Regulatory and Transaction Details
RIL clarified that the transaction is not a related-party deal and that none of its promoters or group entities have any direct or indirect interest in the venture. The company also confirmed that no regulatory or government approvals were required for the incorporation of REIL. The intimation about the formation of the new entity was received from Reliance Intelligence on October 24, 2025.
Focus on Enterprise AI Development
The new partnership aims to strengthen both companies’ enterprise technology offerings and create new opportunities in AI-driven business solutions. The move aligns with global trends in artificial intelligence adoption across industries and reflects Reliance’s growing focus on digital innovation.
Reliance Q2 Financial Performance
In a separate announcement, Reliance Industries reported a 14.3% year-on-year increase in consolidated net profit at ₹22,092 crore for the quarter ending September 30, 2025. Consolidated revenue rose 10% YoY to ₹2,83,548 crore, and EBITDA grew 14.6% to ₹50,367 crore, supported by strong performance in Oil-to-Chemicals (O2C), digital services, and retail operations.
Leadership Comment
Chairman and Managing Director Mukesh D. Ambani said the company’s growth was driven by agile business operations and a strong domestic portfolio. He highlighted continued structural growth in the Indian economy and consistent performance across Reliance’s core segments.
