Reliance Industries Limited (RIL) has announced a significant strategic venture into the enterprise artificial intelligence sector through a newly formed joint venture company. This entity, named Reliance Enterprise Intelligence Limited (REIL), is a collaboration between RIL's subsidiary, Reliance Intelligence Limited, and Facebook Overseas, Inc., a wholly owned arm of Meta Platforms, Inc. Officially incorporated in India on October 24, 2025, REIL was initially a wholly owned subsidiary of Reliance Intelligence before the partnership's full establishment. Its core mission is to focus on "developing, marketing and distributing enterprise AI services," signifying a major strategic alliance between two of the world's largest corporate conglomerates.

Under the terms of the amended and restated joint venture agreement, Reliance Intelligence will hold a 70 per cent controlling stake in REIL, with Facebook Overseas, Inc. owning the remaining 30 per cent. The two partners have committed a substantial initial investment of approximately ₹855 crore to propel REIL's operations and initiatives. For the initial capital, Reliance Intelligence subscribed to 20,00,000 equity shares, each priced at ₹10, contributing ₹2 crore. RIL explicitly stated that this transaction is not classified as a related party transaction, confirming that none of its promoters, promoter group, or group companies have any direct or indirect interest in the deal. Furthermore, RIL clarified that no governmental or regulatory approvals were required for REIL's incorporation, with intimation received on October 24, 2025. This development follows RIL's earlier disclosures made on August 29, 2025, and September 10, 2025.

This partnership highlights the growing strategic importance of artificial intelligence in comprehensive enterprise solutions. Both RIL and Meta Platforms aim to bolster their enterprise technology capabilities and collaboratively explore new opportunities in AI-based solutions tailored for businesses. The joint venture represents a proactive and forward-thinking step by both firms to secure a strong foothold in this rapidly evolving and expanding technological domain.

Concurrently with this strategic AI announcement, Reliance Industries Limited also reported a robust financial performance for the quarter ending September 30, 2025 (2QFY26). The company's consolidated net profit saw a significant 14.3 per cent year-on-year (YoY) increase, reaching ₹22,092 crore. Consolidated revenue for the quarter rose by 10 per cent YoY to an impressive ₹2,83,548 crore, while the quarterly consolidated EBITDA climbed by 14.6 per cent, totaling ₹50,367 crore.

These strong financial results were largely driven by excellent contributions across RIL's primary business segments: Oil-to-Chemicals (O2C), digital services, and retail. Specifically, the growth was underpinned by higher throughput in the O2C segment, resilient consumer demand, and sustained momentum in Jio's digital operations. Mukesh D. Ambani, Chairman and Managing Director of RIL, commented on the performance, stating, “Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio and retail businesses. Consolidated EBITDA registered 14.6% growth on a Y-o-Y basis, reflecting agile business operations, domestic-focused portfolio and structural growth in Indian economy.” These latest financial outcomes further underscore RIL's diversified operational strength and its capacity for sustained growth across its core sectors.