Reliance, Meta Join Hands To Launch Enterprise AI Venture In India

Reliance Industries Ltd (RIL) on Saturday said its subsidiary, Reliance Intelligence Ltd, has entered into a joint venture with Meta Platforms’ unit Facebook Overseas, Inc to bring enterprise-focused artificial intelligence (AI) solutions to the Indian market.

The newly created company, named Reliance Enterprise Intelligence Limited (REIL), has been officially incorporated as part of the collaboration, RIL said in a regulatory filing.

Under the agreement, Reliance and Meta will together invest around Rs 855 crore to build, market, and expand access to advanced AI services for businesses across the country.

According to the filing, Reliance Intelligence will hold a 70% stake in REIL, while Facebook Overseas, Inc will own 30%.

The venture aims to offer an AI platform-as-a-service that will allow companies to create and deploy their own generative AI models. It will also provide ready-made AI tools for sectors such as sales, marketing, IT operations, customer service, and finance, the statement said.

Regulatory Details and Funding

As part of the initial setup, Reliance’s AI arm will invest Rs 2 crore to subscribe to 20 million equity shares valued at Rs 10 each.

RIL clarified that the transaction is not a related party deal, and no promoters or group entities hold any interest in the joint venture. It also said no government or regulatory approval needed to establish the new company.

This collaboration follows an earlier announcement in August, when the two companies revealed plans to combine Meta’s open-source Llama AI models with Reliance’s vast enterprise network to roll out AI-driven business tools in India.

Under the partnership, Meta will provide the technical foundation for the Llama-based AI systems, while Reliance will use its digital reach and infrastructure to make these solutions accessible to large corporations and small businesses alike.

The AI services will be available across cloud, on-premises, and hybrid platforms, with a focus on lowering operational costs for enterprises adopting next-generation technology.

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