Reliance Industries incorporates AI firm Reliance Intelligence as wholly owned subsidiary

Ambani highlighted the four key missions for the AI firm, including building India’s next-generation AI infrastructure, forging global partnerships, delivering affordable AI services to sectors of national importance, and creating a hub for world-class AI talent. Billionaire Mukesh Ambani-helmed Reliance Industries Ltd (RIL) announced the incorporation of Reliance Intelligence as a wholly owned subsidiary. The artificial intelligence (AI) subsidiary was incorporated on September 9, with RIL receiving the certification of incorporation from the Ministry of Corporate Affairs via email on Tuesday at 3:45 pm, a regulatory filing dated September 10 said. Ambani first announced the launch of the AI firm at RIL’s 48th Annual General Meeting (AGM) held on August 29. “This is a landmark step for Reliance and for India’s digital future,” Mukesh Ambani had said, adding, “Reliance Intelligence is conceived with four clear missions, each designed to position India at the forefront of global AI innovation.” Ambani highlighted the four key missions for the AI firm, including building India’s next-generation AI infrastructure, forging global partnerships, delivering affordable AI services to sectors of national importance, and creating a hub for world-class AI talent. “Reliance Intelligence will build gigawatt-scale, AI-ready data centres powered by green energy and engineered for training and inference at a national scale. Work has already begun on the gigawatt-scale AI-ready data centres in Jamnagar,” Ambani added. RIL stock performance Shares of RIL closed 0.09% higher at ₹1,377.50 apiece on the National Stock Exchange (NSE) on Wednesday, September 10. However, the announcement was made after the market closed. The stock gained 0.53% over the week and 0.51% over the month. It surged 9.28% over a period of six months. On a year-to-date basis, the scrip was up 13.35%. While the share hit a 52-week high of ₹1,551 on July 9, 2025, it touched a year’s low of ₹1,114.85 apiece on April 7, 2025. RIL has a total market capitalisation of ₹18.64 lakh crore, as of September 10, 2025, according to data on the NSE. RIL Q1 result The company reported a 78% year-on-year (YoY) increase in its net profit to ₹26,994 crore in the June quarter of FY26, compared to ₹15,138 crore in the same period last year. Its revenue from operations jumped 5% YoY to ₹2.49 lakh crore during the quarter under review, compared to ₹2.36 lakh crore in the first quarter of FY25. To add Upstox News as your preferred source on Google, click here.