Mumbai
Reliance Industries Limited (RIL) has announced a joint venture with Facebook Overseas, Inc., a subsidiary of Meta Platforms, to develop enterprise AI services. The new company, Reliance Enterprise Intelligence Limited (REIL), will focus on creating, marketing, and distributing AI solutions for businesses, according to a company statement on Saturday.
Under the joint venture agreement, Reliance Intelligence Limited holds 70 per cent, while Facebook owns 30 per cent of REIL. Both partners have committed an initial investment of around Rs 855 crore, marking a significant collaboration between two global technology leaders.
REIL was incorporated in India on October 24, 2025, as a subsidiary of Reliance Intelligence, which subscribed to 20 lakh equity shares at Rs 10 each, amounting to an initial capital of Rs 2 crore. RIL clarified that the transaction is not a related-party deal, and none of its promoters or group companies have any direct or indirect interest. No regulatory approvals were required for the incorporation.
The partnership aims to enhance enterprise technology capabilities and explore AI-driven business solutions. Both companies intend to leverage their expertise to strengthen offerings in data-driven automation, machine learning, and AI analytics for corporate clients.
The move underscores the growing significance of artificial intelligence in enterprise services and reflects a strategic effort by both Reliance and Facebook to position themselves in this emerging technology sector. Analysts said REIL could play a major role in driving digital transformation for Indian and global businesses.
This venture follows RIL’s earlier announcements in August and September 2025, signaling its ongoing focus on technology partnerships to expand capabilities in AI and enterprise solutions.
