Reliance Industries has moved a step closer to launching its enterprise artificial intelligence (AI) venture with Meta.
The company’s wholly owned subsidiary Reliance Intelligence on Saturday, October 25, announced an investment of ₹2 crore to incorporate Reliance Enterprise Intelligence Limited (REIL).
REIL will serve as the joint venture entity between Reliance Intelligence and Facebook Overseas, Inc., a wholly owned subsidiary of Meta. The new company will focus on developing, marketing, and distributing enterprise AI services, marking a concrete step toward implementing the collaboration announced earlier this year.
The company has informed the exchanges that Reliance Intelligence has subscribed to 20 lakh equity shares of ₹10 each, amounting to ₹2 crore, as part of REIL’s incorporation.
Both companies had jointly committed an initial investment of about ₹855 crore ($100 million) with Reliance Intelligence holding a 70% stake and Facebook Overseas owning the remaining 30% in REIL.
Reliance Chairman Mukesh Ambani had first announced the joint venture to build sovereign AI-ready solutions for enterprises during the company’s Annual General Meeting on August 29, 2025.
He hailed the Meta partnership as a “game changer” for accelerating digital adoption across industries.
The joint venture will leverage Meta’s open-source Llama models to build an enterprise AI Platform-as-a-Service (PaaS), enabling organisations to customise, deploy, and manage generative AI applications securely and at scale.
The company said it would also provide pre-configured AI solutions tailored to both cross-functional and sector-specific use cases spanning sales, IT, customer service, finance, and more.
This would also help Meta expand the reach of its AI initiatives in India.
Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
(Edited by : Anshul)
First Published: Oct 25, 2025 1:20 PM IST
