Mukesh Ambani and Facebook deal
Reliance Industries Limited (RIL), led by the country’s veteran businessman Mukesh Ambani, has taken a big step in the field of Artificial Intelligence (AI). The company has announced a joint venture with Facebook Overseas Inc., a wholly owned subsidiary of Meta Platforms Inc.
The name of this new venture will be Reliance Enterprise Intelligence Limited (REIL), in which Reliance will hold 70 percent stake and Facebook will hold 30 percent stake. RIL said in the information given to the stock market on Saturday that on October 24, 2025, its wholly owned subsidiary Reliance Intelligence Limited formed REIL. This company is incorporated in India and its main objective will be development, marketing and distribution of enterprise AI services.
investment worth crores
Under the joint venture agreement, Reliance Intelligence and Facebook Overseas will together invest a total initial capital of Rs 855 crore. Reliance will bear most of the amount in proportion to the stake, while Facebook will invest the remaining 30 percent. The company clarified that no government or regulatory approval was required for the formation of REIL, due to which the process was completed quickly.
Focus on Enterprise AI
REIL’s focus will be on creating customized AI solutions for large businesses. This will include data analytics, automation, predictive modeling and smart decision support systems. Experts believe that this partnership will play an important role in providing global level AI technology to Indian industries.
Reliance’s digital expansion
This step is part of Reliance’s digital and technology expansion strategy. The company which first brought telecom revolution through Jio, now wants to lead in AI and cloud computing also. This collaboration with Meta will give Reliance a strong position in the global AI ecosystem. In the year 2020, Facebook had invested $ 5.7 billion i.e. about Rs 43,574 crore in Jio Platforms, making it the largest minority shareholder. The investment, approved by the Competition Commission of India in June 2020, gave Facebook a 9.99% stake in Jio Platforms, which is the base of RIL’s telecom business with about 500 million customers.