At the 48th Annual General Meeting, Chairman and Managing Director Mukesh Ambani said that despite global uncertainties, progress in clean energy, genomics, and artificial intelligence will be key drivers of future growth.
Jio’s IPO is planned, and the listing is expected in the first half of 2026.
Jio will complete 10 years next week. It has now crossed 50 crore customers, and Ambani credited this success to people across India.
Reliance Industries’ stock rose 1.2%, touching ₹1,403.50 on the NSE.
Mukesh Ambani highlighted that Reliance invested ₹5.6 lakh crore in the past three years and became the first Indian company to record annual revenue above $125 billion.
Akash Ambani stated that Jio completed the fastest 5G rollout in India, and now over 22 crore users are connected to Jio True 5G.
Reliance also announced a partnership with Google to launch Gemini AI, Jamnagar cloud services, AI-powered smartphones, and XR devices.
Additionally, RIL has teamed up with Meta to build enterprise-ready sovereign AI solutions for India.
Reliance Retail aims to achieve more than 20% CAGR growth in the next three years and has expanded to 19,340 stores across 7,000 cities.