Mumbai, India – August 29, 2025: Reliance Industries Limited (RIL) today announced a new joint venture with Meta to deliver enterprise-grade artificial intelligence (AI) solutions for businesses across India and select global markets.

As part of the agreement, Reliance will hold a 70% stake and Meta will hold 30%, with a combined initial investment of approximately INR 855 crore (approximately US$100 million).

The JV will build on Meta’s open-source Llama models and Reliance’s scale and reach to deliver:

• Enterprise AI Platform-as-a-Service (PaaS): A secure, full-stack environment enabling organizations to customize, deploy, and manage generative AI for use cases in sales, marketing, IT operations, customer support, finance, and more.

• Pre-built AI Solutions: Ready-to-deploy vertical and cross-functional tools tailored to Indian enterprises and SMBs.

The companies said this collaboration will make enterprise AI more affordable and scalable, with flexible deployment options across cloud, on-premises, and Reliance’s infrastructure.

Shri Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited, said:

“Partnering with Meta brings our vision of providing AI to every Indian and enterprise to life - by combining Meta’s most widely adopted open-source Llama models with our deep expertise across multiple industries. We will democratize enterprise-grade AI for every Indian organization - from ambitious SMBs to blue-chip corporates, enabling them to innovate faster, operate more efficiently, and compete confidently on the global stage. RIL will also serve as a real-world enterprise-scale environment for deploying and refining the joint venture’s offerings - enabling rapid iteration and continuous improvement at scale.”

Mark Zuckerberg, Founder and CEO of Meta, added:

“We’re excited to deepen our partnership with Reliance to bring the power of open-source AI to Indian developers and enterprises. Through this joint venture, we’re putting Meta’s Llama models into real-world use, and I’m looking forward to Meta expanding its footprint in the enterprise space as we unlock new possibilities together.”

The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals.

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