Reliance Officially Launches AI Joint Venture with Facebook to Drive Next-Gen Tech Innovation

On October 25, Reliance Industries declared that Reliance Intelligence Limited, its wholly owned subsidiary, has formed a new business, Reliance Enterprise Intelligence Limited (REIL), as part of a joint venture with Facebook’s Indian division.

 The unit, which will concentrate on creating, promoting, and disseminating enterprise AI services, has received an initial combined investment of about INR 855 crore from the businesses run by Mark Zuckerberg and Mukesh Ambani.

Facebook Overseas, Inc., a fully owned subsidiary of Meta Platforms Inc., will own the remaining 30% of REIL, with Reliance Intelligence holding the remaining 70%. Additionally, RIL’s AI division will contribute INR 2 crore to the inaugural 20 million equity share purchase at INR 10 per share.

REIL’s Incorporation Doesn’t Require Any Regulatory Approval

The filing states that none of the promoters, the promoter group, or the group companies of Reliance Industries have any stake in the transaction and that the incorporation of REIL does not qualify as a related party transaction. Additionally, the filing stated that the incorporation of REIL did not require any regulatory or governmental clearances.

The partnership, which was first revealed at RIL’s Annual General Meeting in August, would provide AI solutions for a variety of industries by combining Reliance’s enterprise reach with Meta’s open-source Llama models. This collaboration will concentrate on two primary products: a portfolio of pre-configured solutions for sectors including sales, marketing, IT operations, customer support, and finance, and an enterprise AI platform-as-a-service that allows businesses to design and implement generative AI models.

Reliance will make use of its digital infrastructure and access to thousands of Indian small and enterprise firms, while Meta will contribute its technological know-how in creating Llama-based models. With a focus on reducing total cost of ownership, the solutions will be deployable in cloud, on-premises, and hybrid settings.

RIL and its Operations

RIL is the biggest private sector enterprise in India. Hydrocarbon production and exploration, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (hydrogen and solar), retail, and digital services are all included in its operations. With a 9.94% increase in operating revenue to INR 2,58,898 crore in Q2 FY26 compared to Q2 FY25, RIL’s consolidated net profit soared 9.54% to INR 18,165 crore.