Reliance has ambitions to have a revenue of ₹1 lakh crore in the next five years with global presence. Moreover, the FMCG business will also be the "blueprint for expansion" into apparel, electronics, and other large and high-value consumer categories, Isha Ambani said at the RIL annual general meeting (AGM) on Friday.

Reliance Retail is demergering its fast-moving consumer goods (FMCG) business, Reliance Consumer Products Ltd (RCPL) into a separate company under Reliance Industries would unlock new potentials, she said.

Shares of Reliance Industries fell over 2% on Friday. At close, RIL shares settled at ₹1,356 apiece on the National Stock Exchange, declining 2.16 %.

RIL is doubling down on its clean energy business with planned start of a mega battery production factory in 2026, a solar electricity project three times the size of Singapore, and 3 million tonnes of green hydrogen capacity by 2032 as it pivots away from fossil fuel.

"The AI opportunity in India is extraordinary...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. It will bring world-class AI and compute from Google Cloud, powered by clean energy from Reliance, and connected by Jio's advanced network," Google CEO Sundar Pichai said.

Reliance Industries AGM 2025 Live Updates: Indian conglomerate Reliance Industries on Friday announced a joint venture with social media giant Meta with an initial investment of around ₹855 crore or USD 100 million to build and scale artificial intelligence technology solutions for business organisations.

Reliance Industries AGM 2025 Live Updates: Addressing shareholders, Mukesh Ambani said, "This year, I announced the creation of two new large growth engines –RCPL and Reliance Intelligence. Each of them has the potential to grow larger than our existing business segments."

"RCPL, as a subsidiary of RIL, is a strategic move to create India's largest FMCG company. RCPL's phenomenal growth is guaranteed by the consumption boom in India, our world-class supply chain, and advanced manufacturing capabilities," he said.

Our new Intelligence business will drive the AI revolution in India. This will enable Indians to adopt AI at scale and make our country a global force in AI," Ambani added.

Reliance Industries AGM 2025 Live Updates: Mukesh Ambani on Friday said that in just one generation, Reliance has transformed itself from a Fortune 500 company to a Fortune 40 global powerhouse, creating more than $200 billion in value – all within India.

Mukesh Ambani said that it was achieved by staying true to the First Principles:

1. What is good for India is good for Reliance.
2. Build businesses of the future.
3. Build them world-class, and at mega scale – the largest and most competitive globally, with the highest standards of governance.
4. Invest in world-class talent and cutting-edge technologies.

"Faithful adherence to these principles has been our value-creation dharma," he added.

Reliance Industries AGM 2025 Live Updates: "At Reliance Foundation, we also remain deeply committed to helping realise the Hon'ble Prime Minister's dream of hosting the 2036 Olympic and Paralympic Games in India. As a proud Indian and a member of the International Olympic Committee, I am happy to share that we continue to make strong progress towards this mission. As the fastest-growing major economy with the largest youth population, India is not only ready, but destined, to be the home of the Olympic Games. This is a dream shared by all 1.4 billion Indians," said Nita Ambani.

Reliance Industries AGM 2025 Live Updates: Addressing shareholders at the annual general meeting, said that Reliance Foundation has reached out to more than 23 million children across India thought its education and sports for All programme.

"Reliance Foundation is committed to scouting, nurturing, and training young talent in multiple sports in the remotest corners of our country. From playgrounds to podiums, our resolve is to help young Indians – run faster, leap higher, and dream bigger. One of India's favourite sporting dreams is Cricket. I am happy to share that our Mumbai Indians family has now expanded with 7 teams in 4 continents. And our teams have won a tournament in every single continent that they have played in, adding up to a total of 13 titles globally," she added.

Reliance Industries AGM 2025 Live Updates: "At Sir H. N. Reliance Foundation Hospital, we are also opening an entirely new extension named Jeevan – a cutting-edge wing, dedicated to chemotherapy and immunotherapy, especially focusing on advanced paediatric chemotherapy, designed to heal our little ones with world-class care and a mother’s warmth," Nita Ambani said.

"I am happy to share that we are also developing a state-of-the-art, 2,000-bed medical city in the heart of Mumbai. This will not be just another hospital. It will be India’s new beacon of healthcare innovation where AI-powered diagnostics, cutting-edge medical technology, and some of the finest doctors from India and the world will come together to deliver care that will meet the best standards anywhere in the world. This hospital will include a transformative medical college that we hope our country will be proud of, and the world will look up to," she added.

Reliance Industries AGM 2025 Live Updates: Speaking to shareholders, Nita Ambani said, "Reliance Foundation is our solemn commitment to shaping a new India – a Viksit Bharat – as envisioned by our Hon’ble Prime Minister, Shri Narendrabhai Modi. Let me take you through the work and key highlights of Reliance Foundation’s impact. An Aatmanirbhar Bharat begins with an Aatmanirbhar Gaon. This year, our rural transformation initiatives touched the lives of nearly 1.5 million people across 55,000 villages."

She said that this year marks the 15 years of Reliance Foundation.

"It has been 15 years since we began this journey of care and compassion. Today, I feel humbled and grateful to share that Reliance Foundation has reached out to over 87 million Indians – from the remotest towns to the largest metros. We work in every single state and in more than 91,500 villages. That is one in every seven villages of India," she added.

Reliance Industries AGM 2025 Live Updates: Anant Ambani, addressing shareholders, said RIL is building the world’s most integrated New Energy ecosystem –from sand to electrons to green molecules – at a scale unmatched anywhere in the world.

"Our AI-driven, smart giga-factories are designed to be future-proof, keeping Reliance ahead in technology, ahead in cost-efficiency, and ahead in reliability. Products from the giga factories would be deployed for delivering round-the-clock renewable power and producing green chemicals, including green ammonia, e-methanol, and sustainable aviation fuel. With immense pride, I can say that Reliance will be the world’s only fully integrated, self-sufficient company in New Energy," he said.

Reliance Industries AGM 2025 Live Updates: "Our capital allocation is disciplined, with growth aimed at superior returns," Anant Ambani said, adding, "We are investing ₹75,000 crore ($8.8 billion) in new projects."

The new projects include

• Nagothane: 1.2 million tonne PVC plant
• Dahej: Expanded CPVC and 3 million tonne PTA facility
• Palghar: 1 million tonne specialty polyester facility

"These projects are positioned to meet India’s rising demand. Our 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," he added.

Reliance Industries AGM 2025 Live Updates: Addressing shareholders, Anant Ambani said, "Our Net Carbon Zero commitment by 2035 is not just a pledge. It is a strategic transformation that positions Reliance advantageously in evolving energy markets. Our SEZ refinery has been recognised as the world’s most energy-efficient facility."

"Across facilities, we are shifting to clean fuels. Our efficiency programmes have delivered 10 million gigajoules of energy savings in three years. Our circular economy initiatives – waste plastic pyrolysis, biomass fuels, hydrogen – make Reliance a leader in sustainable materials. This is a strong competitive advantage as sustainability drives value creation," he added.

Reliance Industries AGM 2025 Live Updates: Isha Ambani on Friday announced that the consumer Products business, RCPL, is set to become a direct subsidiary of RIL.

Sharing benefits of the move, Isha said:

• First: India’s consumer market is a $2 trillion high-growth opportunity, expanding at over 8% annually. We need a strategic approach to seize this opportunity.
• Second: Our 350 million middle-class households have a combined purchasing power exceeding ₹100 lakh crore ($1.2 trillion). They represent 600 million digitally-native and increasingly brand-conscious consumers who seek premium experiences at affordable prices.
• Third: For the first time in India’s history, rural markets, consisting of 900 million consumers, are driving 65% of the FMCG growth. They are adopting global-quality branded products faster than urban markets, with penetration growing at 35% annually. This combination of a rising middle class and accelerating rural adoption marks an unmissable consumption opportunity.
• Fourth: RCPL is not just observing this transformation, we are shaping it by becoming a manufacturing company to deliver global-quality products at Indian prices: Isha Ambani

Reliance Industries AGM 2025 Live Updates: Addressing shareholders, Isha Ambani said our confidence in achieving 20%+ CAGR is grounded in eight growth enablers.

They are as follows:

• We know the Indian consumer better than anyone. Our unmatched insights are drawn from scientific data mining from billions of real transactions.
• Our product development engine is creating powerful own brands such as Independence in Grocery, Avaasa in Fashion, and Kelvinator in Electronics.
• Our superior sourcing ecosystem is a strategic advantage.
• Our omni-channel architecture integrates the best of digital and physical retail, maximising customer delight.
• Our unsurpassed market reach of nearly 20,000 stores is supported by India’s largest tech-enabled supply chain.
• We empower India’s 42 lakh merchants – kiranas, traders, and HoReCa businesses – through our B2B formats Metro and JioMart Digital, giving them access to products, technology, and financing.
• Our tech-led capabilities – from AI-driven demand forecasting to robotics-enabled warehouses – allow us to scale with precision and efficiency, ensuring profitability even in aggressive growth phases.
• Our people – 2.5 lakh strong – are the soul of Reliance Retail. They are trained, empowered, motivated, and mandated to deliver.

Reliance Industries AGM 2025 Live Updates: Addressing shareholders at annual general meeting, Isha Ambani said, "Reliance Retail today is a national movement – a mission to benefit both consumers and producers, accelerate the economy, ignite aspirations, and enhance the quality of life of Indians."

Our performance this year reflects not only scale, but the underlying strength and resilience of our business model:

• Gross revenue grew 8% to ₹3,30,943 crore ($38.7 billion)
• EBITDA rose 8.6% to ₹25,094 crore ($2.9 billion)

Reliance Industries AGM 2025 Live Updates: Mukesh Ambani, on Friday, August 29, announced partnership for artificial intelligence with Google and Meta.

Reliance Industries AGM 2025 Live Updates: "I am proud that Artificial Intelligence is already at the heart of Reliance’s transformation into a Deep-Tech enterprise. To bring even more focus and speed to this agenda, today, it is my great pleasure and privilege to announce the formation of a new wholly owned subsidiary called Reliance Intelligence," Mukesh Ambani said.

This new company is conceived with four clear missions:

• Reliance Intelligence will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale.
• Reliance Intelligence will bring the world’s best tech-companies and open-source communities together.
• Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance.
• Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, so that ideas become innovations and applications, providing solutions to India and the world.

Reliance Industries AGM 2025 Live Updates: Mukesh Ambani on Friday announced new subsidiary Reliance Intelligence.

Reliance Industries AGM 2025 Live Updates: Here's a look at key announced so far announced at the 48th annual general meeting of RIL.

• Reliance Jio to list in the first half of 2026.
• JioPC: It transforms your TV, or any other screen, into a full-featured, AI‑ready computer.
• JioFrames: It is 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.
• RIYA: It is a new voice-enabled search assistant that makes discovering content effortless.
• Voice Print: It will allow users to enjoy sports and entertainment in their favourite Indian language on the JioHotstar App.

Reliance Industries AGM 2025 Live Updates: Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday, August 29, said that Reliance Industries is making all arrangements to file for its share sale via initial public offering (IPO) by first half of 2026.

Reliance Industries AGM 2025 Live Updates: Kiran Thomas, CEO, Jio Platforms Limited, on Friday unveiled the next generation of Jio AI Cloud, stating that it is more than just storage, but an AI-powered memory companion.

"Imagine being able to find and relive your most precious moments simply by speaking in your own language. Jio AI Cloud also makes everyday organisation effortless. And with our new AI Create Hub, anyone can turn simple photos into shareable reels, collages, or promo videos with no expert skills required," he said.

Reliance Industries AGM 2025 Live Updates:Akash Ambani, Chairman of Reliance Jio Infocomm Limited, said, "As we look ahead, Jio’s journey will progress beyond India. Our innovative technologies are now ready to be deployed globally and solve global challenges. With strategic partnerships and a clear roadmap, we will take Jio’s services international, creating value for partners and shareholders alike."

"Behind every achievement of Jio is a mission – to serve customers with heart, to connect the unconnected, and to uplift every citizen. As we move forward, Jio remains committed to ensure that our technology empowers all of you," he added.

Reliance Industries AGM 2025 Live Updates: "Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first-half of 2026, subject to all necessary approvals. I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors," said Mukesh Ambani.

Reliance Industries AGM 2025 Live Updates: Jio, the telecom unit of RIL, is making all arrangements to file for its initial public offering in H1 CY26, said Mukesh Ambani while addressing shareholders at the annual general meeting.

Reliance Industries AGM 2025 Live Updates: Sharing financial details, Mukesh Ambani, said, "I am happy to share with you the details of yet another stellar year of business and financial performance, achieved despite multiple challenges."

• In FY-25, Reliance became India’s first-ever company to cross $125 billion in annual revenues.
• Reliance’s EBITDA stood at ₹1,83,422 crore ($21.5 billion) and net profit grew to ₹81,309 crore ($9.5 billion).
• Reliance’s exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India’s total merchandise exports.
• Reliance invested cumulatively ₹5.6 lakh crore ($65.5 billion) in the last three years.

Reliance Industries AGM 2025 Live Updates: Addressing the annual general meeting, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said, "Under the determined leadership of our visionary Prime Minister Shri Narendrabhai Modiji, India’s GDP is growing faster than all major economies. With the right set of reforms, advanced manufacturing capabilities, and a national priority on Deep Tech, our economy can grow at 10% annually. More importantly, India need not copy any foreign model. We have the ability, and the responsibility, to create an India-first model of development."

"This model will use Deep Tech to bring prosperity and security to India, improve the quality of life of each and every Indian, and protect the environment. This model will also harmonise technology with democracy, economy with culture, spirituality with science, and national aspirations with friendship across all nations. This is the collective dream of nearly 1.5 billion Indians – to build a nation that leads with both prosperity and compassion. This, my dear shareholders, is the Indian Dream," he added.

Reliance Industries AGM 2025 Live Updates: "We are building the world’s most advanced Clean Energy ecosystems. We are expanding into the frontiers of Digital Health, Life Sciences and Genomics. And we are developing AI as a new growth engine, besides embedding AI across all our businesses – from retail to telecom, from energy to entertainment," Mukesh Ambani said.

Reliance Industries AGM 2025 Live Updates: Addressing shareeholders at the AGM, Mukesh Ambani said, "In today's inter-dependent world, the prosperity of each country is inseparably linked to the prosperity of all. Paradoxically, while uncertainty surrounds us, humanity also stands at the threshold of a golden age in the 21st century – an age defined no longer by scarcity, but by super-abundance and super-affordability for all eight billion people on this planet."

This has become possible because of the convergence of three powerful technological transformations:

1. Breakthroughs in Clean Energy are unlocking a future of abundance, sustainability, and security, raising hopes for overcoming the climate crisis.
2. Breakthroughs in Genomics promise dramatic improvements in cure of diseases, longevity, and overall health.
3. Breakthroughs in Artificial Intelligence and allied Deep Technologies have already begun to boost productivity, efficiency and human potential to unimaginable levels.

"Owing to its miraculous power, AI can now be called the new Kamdhenu – the divine wish-fulfilling cow of our age," Ambani added.

Reliance Industries AGM 2025 Live Updates: Mukesh Ambani is addressing shareholders. Investors will be monitoring key announcements related to the initial public offerings (IPOs) of the company’s retail chain, Reliance Retail, and telecom operator Jio.

Reliance Industries AGM 2025 Live Updates: Shares of RIL are trading flat with positive bias at ₹1,386.9, up 0.07%, on the NSE.

Reliance Industries AGM 2025 Live Updates: On RIL, Neel Gopalakrishnan, credit analyst at S&P Global Ratings, on Tuesday, August 19, said, "There is a potential for upside in RIL's rating. It is at 'BBB+'... This (rating going up by a notch) would require the standalone credit profile to improve. For this, as we have said, we need a continuation of the company to operate at a lower leverage and will likely need a strengthening on the business side, particularly contribution from non-energy revenues, because these are less volatile."

Reliance Industries AGM 2025 Live Updates: RIL is likely to announce its telecom unit Jio's share sale via IPO as the company looks to unlock value for its shareholders, Amit Kumar Gupta, founder of Fintrekk Capital, a SEBI-registered research analyst, had told Upstox News.

Reliance Industries AGM 2025 Live Updates: Over the years, Reliance’s annual general meeting has been in trend due to its key announcements that shaped the firm’s business model from being an oil-to-chemicals company to a more diversified version.

Here's a look at key highlights from the previous AGMs.

• Mukesh D Ambani, Chairman & Managing Director
• Isha M. Ambani, Non-Executive Director
• Akash Ambani, Non-Executive Director
• Anant Ambani, Executive Director
• Hital Meswani, Executive Director
• Nikhil Meswani, Executive Director
• PMS Prasad, Executive Director
• Shumeet Banerji, Independent Director
• Arundhati Bhattacharya, Independent Director
• KV Chowdary, Independent Director
• HE Yasir Othman H. Al Rumayyan, Independent Director
• KV Kamath, Independent Director
• Haigreve Khaitan, Independent Director
• Dinesh Kanabar, Independent Director

Reliance Industries AGM 2025 Live Updates: The market capitalisation of Reliance Industries stands at ₹18,74,653.43 crore as the stock is trading flat with negative bias at 1,385.40, down 0.04%.

Reliance Industries AGM 2025 Live Updates: Shares of Mukesh Ambani-led RIL are trading in the positive territory ahead of the 48th annual general meeting at 2 pm on August 29. The stock is up 0.14% to ₹1,387.90 apiece on the NSE.

Reliance Industries AGM 2025 Live Updates: The 48th annual general meeting of Reliance Industries will take place on Friday, August 29, 2025, at 2 pm IST through video conferencing and other audiovisual means.

The AGM will see Mukesh Ambani, Chairman and Managing Director (CMD) of RIL, address the shareholders. Investors will be monitoring key announcements related to the initial public offerings (IPOs) of the company's retail chain, Reliance Retail, and telecom operator Jio.