Reliance Industries Limited (RIL) has announced the formation of a new joint venture with Facebook Overseas Inc., a subsidiary of Meta Platforms, to develop and commercialize enterprise artificial intelligence (AI) solutions in India.
The newly incorporated entity, Reliance Enterprise Intelligence Limited (REIL), will focus on building, marketing, and distributing AI-based enterprise services for Indian businesses. RIL’s subsidiary, Reliance Intelligence, has initially invested ₹2 crore for 2 million equity shares valued at ₹10 each.
According to the company’s filing, REIL will begin as a wholly-owned subsidiary of Reliance Intelligence and later transition into a joint venture under an amended agreement with Meta. The collaboration underscores Reliance’s growing focus on AI innovation and enterprise digital transformation.
Under the joint venture structure, Reliance Intelligence will hold a 70% stake, while Meta’s Facebook Overseas will own 30%. Both companies have jointly committed an initial investment of approximately ₹855 crore to the venture, reflecting their intent to capture opportunities in the fast-expanding enterprise AI market.
The filing also clarified that the deal does not qualify as a related-party transaction, and no regulatory approvals were required for the company’s incorporation. Reliance emphasized that neither its promoters nor group companies hold any financial interest in the transaction.
The move comes amid increasing competition in the AI space, with global and Indian technology firms intensifying efforts to deploy AI-driven enterprise tools across industries such as telecom, retail, and manufacturing.
With this partnership, Reliance is expected to leverage its extensive digital infrastructure—spanning Jio, Retail, and cloud networks—while Meta brings global expertise in AI and data technologies, setting the stage for a new era of enterprise intelligence solutions in India.
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