Quick Take
- First Indian company crosses $125 billion revenue milestone: ₹10.7T FY25 results
- Jio IPO scheduled: First half 2026 after reaching 500M customer base
- ₹830 crore AI partnerships with Meta and Google: Through new Reliance Intelligence unit
- 20 GW solar capacity planned: By 2026 at world’s largest clean energy complex
- Workforce expansion target: From 6.8 lakh to 10+ lakh employees
Reliance Industries has made history with ₹10.7 trillion in consolidated revenue while Chairman Mukesh Ambani reveals Jio’s Initial Public Offering will launch in the first half of 2026. The industrial giant shattered expectations by posting ₹10,71,174 crore ($129 billion) for FY25, making it the first Indian company to breach the $125 billion mark. During the 48th Annual General Meeting, Ambani confirmed that Jio’s much-anticipated public offering will debut in early 2026, creating waves across India’s telecom landscape.
“This IPO will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts,” Ambani told shareholders.
AI Revolution Drives Business Transformation
Ambani described artificial intelligence as “the Kamadhenu of the new age” while launching Reliance Intelligence, a dedicated subsidiary focused on AI integration across energy, retail, telecom, and entertainment operations. The company allocated $100 million (₹830 crore) for strategic AI partnerships with Meta and Google, specifically targeting Indian market solutions.
“Jio promised and delivered digital everywhere for every Indian. Similarly, Reliance Intelligence promises to deliver AI everywhere for every Indian,” Ambani stated.
Mark Zuckerberg joined virtually, highlighting the partnership’s potential reach: “With Reliance’s reach and scale, we can bring AI to every corner of India.” Google CEO Sundar Pichai emphasized the broad collaboration scope: “Google and Reliance are partnering to help all of Reliance’s businesses transform using AI — from energy and retail to telecom and financial services.”
Jio IPO Timing Aligns with Global Expansion
The strategic timing of Jio’s market debut supports Reliance’s ambitious goal to double EBITDA by 2027. Jio accomplished the world’s fastest 5G deployment while surpassing 500 million subscribers, setting up the telecom division for substantial market valuation.
Meta and Google, which invested ₹43,574 crore and ₹33,737 crore respectively in Jio Platforms during 2020, are positioned to gain significantly from the upcoming public listing. The IPO serves as strategic proof of India’s digital infrastructure strength on the international stage.
World’s Largest Clean Energy Hub Emerges
Reliance introduced the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, positioning it as the world’s most extensive clean energy ecosystem. The massive facility covers 44 million square feet, uses nearly 7 lakh tonnes of steel equivalent to about 100 Eiffel Towers, and spans four times Tesla’s Nevada Gigafactory size.
Anant Ambani, Executive Director, detailed aggressive sustainability goals: 20 GW solar PV capacity by 2026, 100 GWh battery gigafactory capacity, and 3 GW electrolyser production annually. The company targets net carbon zero by 2035, with green hydrogen production goals of 3 million tonnes per annum by 2032.
“Our New Energy business will be a major driver of growth for many decades, with the potential to become as big as our Oil-to-Chemicals business within the next 5-7 years,” Ambani explained.
Retail Division Eyes Record Revenue Growth
Reliance Consumer Products (RCPL) plans to achieve ₹1 lakh crore revenue within five years through innovative product development and broader market reach. The retail arm targets a three-year compound annual growth rate of 20% or higher, using AI-powered solutions to improve customer experiences.
The company introduced Jio Frames, AI-enabled smart glasses supporting multiple Indian languages, similar to Meta’s Ray-Ban partnership. Akash Ambani called the product “a hands-free AI-powered companion designed for the way India lives, works, and plays.”
Massive Job Creation Drives Economic Growth
Reliance’s existing workforce of 6.8 lakh employees will grow beyond 10 lakh in the coming years, creating substantial employment opportunities across various sectors. The company contributed ₹2,10,269 crore ($24.6 billion) to the national treasury in FY25, with total contributions exceeding ₹10 lakh crore over six years.
CSR spending rose to ₹2,156 crore ($252 million) in FY25, pushing three-year cumulative CSR expenditure past ₹5,000 crore. The Reliance Foundation plans to increase its social impact fivefold by 2035.
Global Market Position Strengthens Further
Ambani outlined four strategic pillars: “What is good for India is good for Reliance,” developing future-focused businesses, achieving world-class scale, and investing in advanced technologies. The Exploration & Production division posted record EBITDA of ₹21,188 crore, supplying 30% of India’s natural gas production.
Reliance’s exports totaled ₹2,83,719 crore, representing 7.6% of India’s total merchandise exports. With cumulative investments of ₹5.6 lakh crore over three years, the conglomerate establishes itself as a major global competitor across energy, digital services, and retail markets.
The combination of Jio’s public offering, strategic partnerships with tech leaders, and aggressive clean energy expansion marks a transformational period for India’s largest private company, establishing a comprehensive framework for sustained growth in the digital economy.
