Our Bureau
Mumbai
Reliance Industries Ltd (RIL) and Meta Platforms Inc have joined forces to form Reliance Enterprise Intelligence Limited (REIL), a new artificial intelligence venture designed to bring enterprise-grade AI solutions to Indian and global markets. The venture, incorporated on October 24, represents a joint investment of Rs 855 crore, with RIL’s subsidiary Reliance Intelligence holding 70% and Meta’s Facebook Overseas Inc the remaining 30% stake.
The partnership aims to create an enterprise AI platform-as-a-service and a suite of pre-configured AI tools spanning sectors such as sales, marketing, IT operations, customer service, and finance. According to the company filing, Reliance will invest Rs 2 crore toward the initial subscription of 20 million equity shares valued at Rs 10 each. The new unit will develop, market, and distribute advanced AI services, using Meta’s open-source Llama models and Reliance’s enterprise infrastructure to help companies deploy generative AI at scale.
RIL stated that the incorporation of REIL does not constitute a related-party transaction, and no regulatory approvals were required for its formation. The joint venture marks a strategic step to expand Reliance’s footprint beyond telecommunications and retail, positioning it as a leader in enterprise technology. Meta, meanwhile, gains access to India’s vast small and medium business ecosystem — a core market for generative AI solutions.
Announced first at Reliance’s August annual meeting, the AI partnership underscores Mukesh Ambani’s intent to “democratise enterprise-grade AI” for every Indian business. Together, the companies aim to deliver scalable, cost-efficient AI systems deployable across cloud, hybrid, and on-premises infrastructure.