Reliance Industries Ltd (RIL), led by Mukesh Ambani, has announced a strategic partnership with Meta Platforms, with Meta acquiring a 30% stake in its AI-focused subsidiary, Reliance Enterprise Intelligence Limited (REIL). The latest capital infusion totals INR 853.2 crore (around $102.4 million USD), complementing the original joint venture launched in August 2025 with an initial investment of INR 855 crore (~$102.6 million USD).
Under the deal:
With this, REIL officially becomes a subsidiary of Reliance Industries. The move continues the joint venture announced in August 2025, when Reliance and Meta planned to develop and scale enterprise AI solutions in India, backed by an initial investment of about INR 855 crore, around $102.6 million.
REIL is positioned as a hub for enterprise intelligence, focusing on AI systems, data analytics, automation, and digital platforms for businesses. Meta brings expertise in AI, large-scale computing, and advanced algorithms, which is expected to accelerate REIL’s technology offerings.
While this appears as a stake sale, strategically it signals Reliance’s long-term ambitions in AI and digital growth. Partnering with Meta strengthens Reliance’s ability to provide advanced enterprise solutions across its businesses, which include energy, petrochemicals, retail, and telecommunications.
Reliance Industries shares, with a market capitalization of INR 18.96 lakh crore (around $2.28 trillion USD), are trading at INR 1,400 per share with a PE (Price-to-Earnings) ratio of 24.7, compared to the industry average of 13.9. The stock has returned about 34% over the last five years, reflecting investor confidence in the conglomerate’s diversified growth strategy.
While India positions itself as a hub for enterprise AI investment with international collaborations, Pakistan has yet to witness similar multi-investor AI ventures, suggesting an untapped opportunity for local startups and global investors to drive large-scale technological growth in the country.