The new AI Subsidiary of Mukesh Ambani-led Reliance Industries has incorporated a new entity, Reliance Enterprise Intelligence (REIL) — as part of its joint venture with Facebook Overseas Inc, a wholly owned subsidiary of Meta Platforms Inc.
Both partners have jointly committed an initial investment of around Rs 855 crore to develop, market and distribute enterprise AI services under the new entity.
Reliance Intelligence to hold 70% stake
Reliance Enterprise Intelligence has been incorporated in India as a wholly owned subsidiary of Reliance Intelligence. Reliance Intelligence will initially invest Rs 2 crore to subscribe to 20 lakh equity shares of Rs 10 each.
As per the amended and restated joint venture agreement, Reliance Intelligence will hold 70% stake, while Facebook will own the remaining 30%.
Rs 855 crore initial investment
The company said the transaction does not fall under related party transactions, and none of the promoters, promoter group or group companies have any interest in it.
No governmental or regulatory approvals were required for the incorporation of REIL. The move marks another collaboration between Reliance and Meta after their earlier partnership in Jio Platforms, aimed at deepening the use of AI across enterprise applications in India.
Share price of Reliance Industries
The share price of Reliance has gained over 18.81% so far this year. In its Q2FY26 press release, the company said that its joint venture with Meta will focus on creating AI solutions based on open-source Llama models, supporting India’s sovereign AI needs as well as small and medium businesses.
The company highlighted that the vision of Reliance Intelligence is “AI Everywhere for Everyone”. It plans to build a gigawatt-scale data center in Jamnagar, supported by an AI-focused Google Cloud Platform (GCP) region, both powered entirely by Reliance’s green energy.