Reliance, Meta form new Rs 855-crore joint venture to build enterprise AI products in India

Of this, Reliance Intelligence will put up Rs 2 crore in the new entity, holding a 70 per cent stake while Meta Platform’s Facebook Overseas will own the remaining 30 per cent of REIL, according to a stock exchange filing dated October 25, 2025.

“REIL will be engaged, inter alia, in developing, marketing and distributing enterprise AI services. No governmental or regulatory approvals were required for incorporation of REIL,” the BSE filing read.

The strategic partnership between Reliance and Meta was first unveiled by Mukesh Ambani, India’s richest man and chairman of Reliance Industries, at the company’s 48th annual general meeting held in August this year. The tie-up between India’s most valuable company and the big tech company comes even as India and the United States remain locked in a trade tariff dispute.

These geopolitical tensions have also led to a renewed push by the Indian government to promote the adoption of ‘Swadeshi’ or ‘Made-in-India’ products and services, with several ministers and senior government officials switching to homegrown digital solutions developed by India-based companies like Zoho and MapmyIndia.

With more than a billion internet subscribers, India is the world’s second-largest online market after China and has emerged as an important growth region for US tech giants such as Meta.

“We believe this technology has the potential to bring a new era of personal empowerment, giving people greater agency to improve the world in all the directions they choose. And that is why I am excited about this partnership. It is a key step forward towards ensuring that everyone has access to AI, and eventually, superintelligence,” Meta CEO Mark Zuckerberg told shareholders at the RIL annual general meeting (AGM) in August.

“Together, we want to pair the power of open-source AI with Reliance’s deep domain knowledge across industries. That is why, we are forming ajio dedicated joint venture with Meta to combine open models and tools with our execution in energy, retail, telecom, media, and manufacturing, and to deliver sovereign, enterprise-ready AI for India,” Ambani said.

As part of the formation underlying Reliance Intelligence, both companies are also expected to focus on delivering ‘open-source’ AI models to Indian businesses in order to enable companies across sectors to adopt advanced technologies that can enhance productivity, creativity, and innovation at scale.

Besides Meta, Reliance Industries has also partnered with Google to build out dedicated AI cloud infrastructure in India, starting with a major data centre in Jamnagar, Gujarat.