Reliance and Facebook Launch Rs 855 Crore AI Joint Venture
Reliance Industries Limited (RIL) and Facebook (Meta) have formed a joint venture with an initial investment of Rs 855 crore to develop enterprise artificial intelligence solutions for Indian businesses.
Key Takeaways
- 70:30 joint venture between Reliance Intelligence and Facebook Worldwide
- Rs 855 crore initial investment for enterprise AI development
- Will leverage Meta’s Llama models and Reliance’s enterprise network
- Focus on AI platform-as-a-service and pre-built business solutions
Joint Venture Structure
Reliance has incorporated Reliance Enterprise Intelligence Limited (REIL) as a step-down subsidiary to spearhead the AI initiative. According to regulatory filings, Reliance Intelligence will hold 70% stake while Facebook will hold the remaining 30% in the joint venture.
“In accordance with the joint venture agreement, Reliance Intelligence will hold 70% and Facebook will hold the balance of 30% in REIL,” the company stated in its filing.
Investment Details
The partners have committed Rs 855 crore as initial investment. Reliance Intelligence will invest Rs 2 crore towards subscribing to 20,00,000 equity shares of Rs 10 each.
Technology and Market Approach
The joint venture, first announced at RIL’s AGM in August 2025, will combine Meta’s open-source Llama models with Reliance’s extensive enterprise reach across India.
The partnership will deliver two primary offerings:
- Enterprise AI platform-as-a-service for customizing generative AI models
- Pre-configured AI solutions for sales, marketing, IT operations, customer service and finance
Expertise and Deployment
Meta will provide technical expertise in developing Llama-based AI models, while Reliance will contribute its digital infrastructure and access to thousands of Indian enterprises and small businesses. The AI solutions will be deployable across cloud, on-premises and hybrid environments, focusing on reducing total cost of ownership for businesses.
