Reliance AGM 2025: Big AI push and new digital services unveiled
Reliance Industries' 48th AGM saw Mukesh Ambani confirm Jio's IPO plan for mid-2026. Jio, now with 500 million users, unveiled AI-powered services like JioPC, JioFrames, and an upgraded AI Cloud while setting its sights on global expansion.
New Delhi: Reliance Industries held its 48th Annual General Meeting (AGM) today, bringing updates that could shape the future of India’s largest private company across digital, retail and energy sectors. With nearly 44 lakh shareholders tuning in, the spotlight was firmly on Jio and its next chapter.
Chairman Mukesh Ambani revealed that Jio has crossed 500 million users as it completes a decade of operations next week. He credited ordinary Indians for making Jio a household name and said the company had helped end what he called "digital poverty” by lowering data prices and improving access.
Jio IPO plan for 2026
One of the most important announcements came when Ambani confirmed that Jio is preparing to file for an Initial Public Offering (IPO). The company aims to list in the first half of 2026, subject to approvals. He assured investors that Jio has the potential to create as much value as its global tech counterparts.
For FY25, Jio reported revenue of ₹1,28,218 crore ($15 billion or about ₹13 lakh crore) with 17% year-on-year growth, and EBITDA of ₹64,170 crore ($7.5 billion or about ₹6.5 lakh crore). The company continues to be Reliance’s biggest growth driver.
Five promises for Jio’s future
Ambani outlined five focus areas for Jio:
- Connecting every Indian with mobile and broadband services.
- Expanding digital home offerings like Jio Smart Home, JioTV+, and automation.
- Digitising businesses of all sizes with scalable and secure platforms.
- Driving the AI revolution in India with the motto "AI Everywhere for Everyone”.
- Taking Jio’s technology and services to global markets.
He stressed that Jio’s fast 5G rollout has already positioned India as a leader in digital adoption.
New AI-driven products
The AGM featured demos of upcoming Jio services:
- Digital Twin System: A 3D model of India’s physical infrastructure that helps Jio install high-speed internet in under 24 hours.
- Jio AI Cloud: Upgraded to become an AI-powered memory companion. It can fetch photos or files with voice commands in Indian languages and create reels and collages using an AI hub.
- JioPC: A cloud-based virtual computer that turns any screen into an AI-ready PC. Users can access advanced computing power without heavy upfront costs.
- JioFrames: AI-powered smart glasses that support multiple Indian languages, allow hands-free calls, capture HD photos and even provide guidance while reading or cooking.
These services, according to the company, are aimed at making advanced technology affordable and accessible for both households and businesses.
From deep-tech to global expansion
Jio executives, including Akash Ambani, highlighted how the company has grown into a deep-tech player. They pointed to Jio’s own 5G core, its fixed wireless broadband service JioAirFiber, and new AI integrations. Akash Ambani described Jio as not just digitising businesses but democratising enterprise-grade technology for small and medium firms.
Reliance said it plans to take its technologies to global markets, positioning India as the world’s first AI-native digital economy.