Reliance AGM 2026 key takeaways
Reliance Industries Chairman Mukesh Ambani and the next generation of Reliance leadership unveiled a series of major announcements at the company's Annual General Meeting (AGM)
Reliance Industries Chairman Mukesh Ambani and the next generation of Reliance leadership unveiled a series of major announcements at the company's Annual General Meeting (AGM) 2026, outlining ambitious plans spanning telecommunications, artificial intelligence, satellite connectivity, manufacturing and retail.Among the biggest announcements were the approval of Jio Platforms' Initial Public Offering (IPO), plans for a sovereign AI infrastructure, new AI-powered consumer services and a proposed Low Earth Orbit satellite constellation for India.Jio IPO Approved; DRHP to Be Filed With SEBIOne of the headline announcements from the AGM was the approval of the Jio Platforms IPO.Read more: Reliance to build India's AI backbone, launch AI agent that joins phone callsMukesh Ambani said: "The Board of Jio Platforms has approved the draft red herring prospectus earlier today, and it will be filed with SEBI today. This is a deeply emotional moment for me, for the entire Reliance family, and for millions of its shareholders."Read more: Reliance Jio eyes India's own satellite broadband network: Akash AmbaniAmbani described the relationship between Reliance and its shareholders as "deep and sacred".Isha, Akash and Anant Ambani to Lead Jio's Next PhaseSpeaking at the AGM, Mukesh Ambani announced: "Isha, Akash and Anant will lead the next phase of Jio."Jio Eyes Satellite Connectivity and Space InfrastructureAkash Ambani outlined Jio's ambitions beyond terrestrial connectivity.
He said: "Jio connected India on the ground, now we must connect from the skies."According to Akash Ambani, Jio is evaluating the development of a sovereign Low Earth Orbit (LEO) satellite constellation for India while also partnering with global satellite operators.He added: "Jio is also building its own ground station infrastructure in India, strengthening India's atma nirbharta in space."The initiative aims to expand connectivity to underserved regions and support India's growing digital ecosystem.Reliance Intelligence Building India's AI Backbone in JamnagarArtificial intelligence featured prominently throughout the AGM. Akash Ambani announced that Reliance Intelligence is building what he described as India's sovereign AI backbone in Jamnagar.According to him: "Reliance Intelligence is building India's sovereign AI backbone in Jamnagar, powered entirely by clean energy from Reliance's own solar generation."He added that the first 120 MW phase is expected to be commissioned by the end of 2026 and will be supported by next-generation compute infrastructure equivalent to more than 200,000 H100-equivalent GPUs.Reliance Intelligence Enters Execution PhaseAkash Ambani said Reliance Intelligence has now entered its execution phase. He stated: "We are building a world class team of AI researchers and engineers."He further said: "Reliance Intelligence will disrupt AI economics."The company aims to develop affordable AI services tailored specifically for Indian users and businesses.AI Services Planned in 22 Indian LanguagesA major focus of Reliance's AI strategy is the development of AI services designed for Indian languages.Akash Ambani announced a suite of AI-powered platforms, including:JioBharatIQAI VyaparJioHealthIQJioLearnIQJioKrishiIQHe said: "Reliance Intelligence is building trusted, affordable, and multilingual AI services designed to be accessible in 22 Indian languages."Explaining the company's approach, he added: "Unlike global AI platforms that build in English and translate later, Jio is building AI natively in Indian languages.
The BriefWire