Reliance subsidiary partners with Facebook for enterprise AI joint venture

Reliance Intelligence Limited, a wholly-owned subsidiary of Reliance Industries, announced the incorporation of Reliance Enterprise Intelligence Limited ("REIL") on October 24, 2025. Reliance Intelligence will invest an initial Rs. 2 crore, subscribing to 20,00,000 equity shares valued at Rs.10 each.

REIL is set to become a joint venture company with Facebook Overseas, Inc., a wholly-owned subsidiary of Meta Platforms, Inc., to develop, market, and distribute enterprise AI services. Under the joint venture agreement, Reliance Intelligence will hold a 70% stake in REIL, while Facebook will hold the remaining 30%. Both parties have jointly committed to an initial investment of approximately Rs. 855 crore.

The company confirmed that this transaction does not involve related parties, nor do any of its promoter group companies have an interest in the deal. No governmental or regulatory approvals were required for REIL's incorporation, and Reliance Industries received intimation of this development on October 24, 2025.