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Reliance AGM 2025 LIVE Updates: Reliance Industries Ltd (RIL), the billionaire Mukesh Ambani-led oil-to-telecom-to-retail conglomerate, kicked off the 48th annual general meeting (AGM) today. In line with market expectations, Mukesh Ambani announced the much-awaited Jio IPO. 

Apart from this, the company also unveiled multiple developments in AI, with Ambani calling AI the Kamdhenu of our times.

Despite these announcements, RIL share price traded 1% lower as of 2.30 pm.

Stay tuned to our RIL AGM 2025 Live Blog for the latest updates:

Reliance AGM 2025 LIVE: Our confidence in achieving 20%+ CAGR is grounded in eight growth enablers, each with measurable proof of performance, says Isha Ambani. They are as follows:

1. We know the Indian consumer better than anyone. Our unmatched insights are drawn from scientific data mining from billions of real transactions.

2. Our product development engine is creating powerful own brands such as Independence in Grocery, Avaasa in Fashion, and Kelvinator in Electronics.

3. Our superior sourcing ecosystem is a strategic advantage.

4. Our omni-channel architecture integrates the best of digital and physical retail, maximising customer delight.

5. Our unsurpassed market reach of nearly 20,000 stores is supported by India’s largest tech-enabled supply chain.

6. We empower India’s 42 lakh merchants – kiranas, traders, and HoReCa businesses – through our B2B formats Metro and JioMart Digital, giving them access to products, technology, and financing.

7. Our tech-led capabilities – from AI-driven demand forecasting to robotics-enabled warehouses – allow us to scale with precision and efficiency, ensuring profitability even in aggressive growth phases.

8.Our people – 2.5 lakh strong – are the soul of Reliance Retail. They are trained, empowered, motivated, and mandated to deliver.

We processed around 1.4 billion transactions in the year – nearly matching the population of India – a scale that only reinforces our ability to grow profitablity, says Isha Ambani.

Our unmatched digital strength is another accelerator of our retail business. Our online channels currently contribute a high single-digit share of retail revenues but will grow to over 20% within three years, says Isha Ambani.

“This year, we added 2,659 new stores, taking our total to 19,340 stores, covering 77 million square feet in over 7,000 towns. Stores remain the backbone of our retail revenues, contributing around 70%, and will continue to grow through high single-digit like-for-like gains, plus a steady expansion of 2,000–3,000 new stores annually. In many locations, we have been the first modern trade retailer to enter, securing a first-mover advantage and locking in consumer loyalty,” says Isha Ambani.

“Reliance Consumer Products had an outstanding growth in its very first year of operations. It has achieved a turnover of ₹11,500 crore ($1.4 billion), making it the fastest-growing FMCG company ever,” says Mukesh Ambani.

“A decade ago, digital services became a new growth engine for Reliance. Now, the opportunity before us with AI is just as large, if not larger. Jio promised and delivered digital everywhere and for every Indian. Similarly, Reliance Intelligence promises to deliver AI everywhere for every Indian. With Reliance Intelligence and our strong partnerships, green infrastructure, and India-first governance, we are building for the next decade with confidence and ambition. I am excited about what we will achieve,” says Mukesh Ambani.

'Today, I am also pleased to unveil a new, India-focused AI joint venture with our close partner, Meta. Together, we want to pair the power of open-source AI with Reliance’s deep domain knowledge across industries. That is why, we are forming a dedicated joint venture with Meta to combine open models and tools with our execution in Energy, Retail, Telecom, Media, and Manufacturing, and to deliver sovereign, enterprise-ready AI for India," says Mukesh Ambani.

“Today, I am delighted to announce a deeper, holistic partnership for AI with our long-standing partner, Google. Through this partnership, we are marrying Reliance’s proven capability to build world-class assets and execute at India’s scale with Google’s leading cloud and AI technologies, so that developers, start-ups, and enterprises can innovate faster, operate more securely, and reach every corner of India, ” says Mukesh Ambani.

1. Reliance Intelligence will build gigawatt-scale, AI-ready data centres, powered by green energy and engineered for training and inference at national scale.

2. Reliance Intelligence will bring the world’s best tech-companies and open-source communities together.

3. Reliance Intelligence will deliver trusted, easy-to-use AI services for consumers, small businesses, and enterprises, and solutions for sectors of national importance.

4. Reliance Intelligence will create a home for world-class researchers, engineers, designers, and product builders, so that ideas become innovations and applications, providing solutions to India and the world.

Mukesh Ambani announces new wholly-owned subsidiary - Reliance Intelligence at the 48th AGM.

Reliance AGM 2025 LIVE: For the first time, on the JioHotstar App, you will be able to enjoy sports and entertainment in your favourite Indian language, without losing the magic of the original performance, says Akash Ambani.

With the power of AI voice cloning and lip-sync technology, your favourite stars will not just get dubbed —they will speak in your language, in their own voice, with perfect lip-sync on screen, he adds.

"So, whether it is a cricket match or a blockbuster movie, you can now watch it in your own language, in the most natural and authentic way."

“Finding what to watch in a world of thousands of hours of content can feel overwhelming. That is why, we have built RIYA– your new voice-enabled search assistant that makes discovering content effortless. RIYA is built for the way you think and speak. Just say what you want, across years, seasons, and episodes, and RIYA will curate it for you. No more scrolling. No more searching. Just ask, and RIYA delivers,” says Akash Ambani.

“JioFrames is an AI-powered wearable platform and ecosystem, made for India. With support for multiple Indian languages at launch, you can simply speak to Jio’s multilingual AI voice-assistant. It is a hands-free, AI-powered companion designed for the way India lives, works, and plays. With JioFrames, you can capture your world like never before. Take HD photos, record videos or go live – every memory is instantly stored in Jio AI Cloud,” says Akash Ambani.

Today, we unveil the next generation of Jio AI Cloud that is more than just storage, but an AI-powered memory companion. Imagine being able to find and relive your most precious moments simply by speaking in your own language. Jio AI Cloud also makes everyday organisation effortless. And with our new AI Create Hub, anyone can turn simple photos into shareable reels, collages, or promo videos with no expert skills required: Kiran Thomas, CEO, Jio Platforms Limited

“As we look ahead, Jio’s journey will progress beyond India. Our innovative technologies are now ready to be deployed globally and solve global challenges. With strategic partnerships and a clear roadmap, we will take Jio’s services international, creating value for partners and shareholders alike. Behind every achievement of Jio is a mission – to serve customers with heart, to connect the unconnected, and to uplift every citizen. As we move forward, Jio remains committed to ensuring that our technology empowers all of you,” says Akash Ambani.

“From Gen-AI enabled customer journeys to AI-powered diagnostics and automation, Jio is laying the foundation for India to become the world’s first AI-native digital economy. Building on this foundation, Jio True 5G has redefined speed, reliability, and reach of digital connectivity. Today, more than 220 million users are benefitting from the Jio True 5G network,” says Akash Ambani

Jio’s plans for the future are even more ambitious. They rest on five assurances:

One: Jio will connect every Indian on mobile and home broadband.

Two: Jio will equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation.

Three: Jio will digitise every Indian business and enterprise with simple, scalable, and secure platforms.

Four: Jio will herald the AI revolution in India. Our motto is AI Everywhere for Everyone.

Five: Jio will expand its operations outside India, taking our home-grown technology to people around the world.

I am extremely confident that the path ahead for Jio is even brighter than its journey so far: Mukesh Ambani

Today, we are proud to announce another leap forward – JioPC. JioPC is that revolutionary product that transforms your TV, or any other screen, into a full-feature, AI‑ready computer, says Akash Ambani.

"You can easily get started by connecting a keyboard into your Jio Set-Top Box. Instantly, you get a virtual computer powered from Jio’s cloud with no upfront investment. You simply pay for what you use. And because JioPC lives in the cloud, it is always up-to-date, secure and you can remotely upgrade your memory, storage, and computing power based on your growing needs," Akash Ambani added.

Jio AirFiber is now the largest fixed wireless provider in the world, adding over 1 million homes per month, says Akash Ambani.

Mukesh Ambani says we are aiming to list Jio by the first half of 2026. 

“Today, our conventional and non-conventional workforce has grown to nearly 6.8 lakh people. I see this growing to more than 10 lakh people over the next few years. It gives me immense satisfaction to say that we rank among the most admired employers and largest job creators in India,” says Mukesh Ambani at RIL AGM.

“I am also proud to report that Reliance's CSR spending in FY-25 rose to ₹2,156 crore ($252 million). Our cumulative CSR expenditure over the last three years has crossed ₹5,000 crore ($585 million). This is a clear reflection of our unwavering commitment towards creating a meaningful societal impact,” says Mukesh Ambani.

In FY-25, Reliance delivered record consolidated revenue of ₹10,71,174 crore ($125.3 billion), becoming India’s first-ever company to cross $125 billion in annual revenues. 

Reliance's EBITDA stood at ₹1,83,422 crore ($21.5 billion), and net profit grew to ₹81,309 crore ($9.5 billion). Reliance's exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India’s total merchandise exports.

The company invested a cumulative ₹5.6 lakh crore ($65.5 billion) over the last three years.

It remains the single largest contributor to the national exchequer, contributing ₹2,10,269 crore ($24.6 billion) in FY-25. Over the last six years, Reliance's total contribution to the national exchequer has crossed ₹10 lakh crore ($117.0 billion).

"Jio will enter its 10th year next week. Today, I am proud to share with you Jio family has crossed 500 million customers. I offer heartfelt gratitude," Mukesh Ambani.

Reliance AGM 2025 LIVE: Breakthroughs in AI are already boosting productivity, efficiency, and human potential to unimaginable levels, says Mukesh Ambani.

India can grow GDP at 10% annually, claims Mukesh Ambani. He believes India's per capita income can grow 4-5x over two decades.

AI can now be called the Kamdhenu of our times. We are developing AI as new growth engine, besides embedding AI across all our businesses from retail to telecom, from energy to entertainment, says Mukesh Ambani.

We meet today on the most auspicious occasion of Ganesh Chaturthi. Let's begin this meeting by seeking the blessings of Lord Ganesh: RIL Chairman and Managing Director Mukesh Ambani says.

Reliance AGM 2025 LIVE: Reliance AGM kicks off. This is the 48th AGM of the company post its IPO. RIL shares traded marginally lower, down 0.12% at ₹1386.00 on the BSE.

Reliance AGM 2025 LIVE: The 48th AGM is set to kick off shortly. The AGM timing is 2 pm. It will be livestreamed on RIL's YouTube channel. Investors can easily access this space for live udpates and can watch the event here. 

“For investors, the stock remains a long-term structural story, though near-term volatility around the AGM cannot be ruled out. Historical data shows that Reliance’s shares have often traded sideways or corrected after past AGMs, even when big announcements were made, as execution timelines tend to stretch. Most global brokerages maintain ‘Buy’ ratings with 12-month targets in the ₹1,650–1,800 range, indicating upside from current levels. Fresh buying purely for an AGM trade may be risky, but long-term investors looking at India’s consumption and energy transition themes can use dips as an opportunity to accumulate,” Harshal Dasani, Business Head, INVasset PMS.

Reliance AGM 2025 LIVE: CLSA said that the Street will await greater clarity on Reliance’s AI initiatives through Jio, highlighted as a key long-term growth driver in the company’s annual report.

Master Capital Services said that as Jio’s AI projects and expansion of its media and consumer businesses are key long-term drivers of growth, commentary on these projects from the management will be watched closely.

Reliance AGM 2025 LIVE: The most awaited announcement in the Reliance AGM today would be about the plans and timelines for the listing of Reliance Jio and Reliance Retail as the company aims to unlock value for shareholders with their initial public offering (IPO). Reliance Jio and Reliance Retail have delivered stellar growth over the years, emerging as key growth engines for the conglomerate. Analysts noted that investors will be closely tracking the RIL AGM for any indication of a potential timeline or roadmap for the IPOs of Jio Platforms and Reliance Retail.

Reliance AGM 2025 LIVE: Market participants will closely track the announcements from RIL’s AGM, as they are expected to shape the company’s roadmap for its next phase of growth against the backdrop of a challenging global geopolitical environment. From scaling up its digital ecosystem and expanding retail operations to accelerating the clean energy transition, Chairman Mukesh Ambani’s address is anticipated to offer strategic clarity on Reliance’s long-term vision and business priorities.

RIL AGM 2025 LIVE Reliance Industries’ 48th AGM on August 29 is being closely tracked for clarity on three big themes – the long-awaited Jio IPO, timelines for a retail listing, and progress in the clean energy vertical. The company has set ambitious targets to double its size by FY30, underpinned by expansion in digital, retail, and renewables. Investors will watch for updates on Jio’s 5G rollout, tariff actions that could lift ARPU, and the ramp-up of JioAirFiber, which aims to reach 100 million households. In retail, the focus will be on scaling omni-channel reach and new partnerships, while in new energy, updates on giga-factories, battery storage, and hydrogen projects will be keenly awaited.

RIL AGM 2025 LIVE: Short-term risks exist for RIL stock if announcements underwhelm. The combination of strong fundamentals, value unlocking potential, and reasonable valuations makes pre-AGM buying viable, despite short-term volatility risks. The combination of established cash-generating businesses, emerging growth engines, strong balance sheet, and visionary leadership makes it an ideal long-term wealth creation vehicle.

— Views by Master Capital Services

RIL AGM 2025 LIVE: Reliance share price traded flat on Friday ahead of its 48th Annual General Meeting (AGM) today. RIL share price opened lower at ₹1.384.20 apiece as against its previous close of ₹1,387.65 apiece on the BSE. The stock moved to an intraday high of ₹1,396.50, and a low of ₹1,382.00. Reliance share price was trading 0.02% lower at ₹1,387.40 apiece on the BSE.

RIL AGM 2025 LIVE: Reliance Industries Ltd (RIL), the billionaire Mukesh Ambani-led oil-to-telecom-to-retail conglomerate is set to hold its 48th Annual General Meeting (AGM) today, 29 August 2025. Ambani will address nearly 44 lakh Reliance shareholders, which will be eyed through Dalal Street. 

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