Top News

Facebook, Reliance to invest Rs 855 crore in AI joint venture

Webdunia | October 27, 2025 2:39 AM CST

Reliance Industries Limited (RIL) officially announced through a regulatory filing to the stock exchange that it has incorporated a step-down subsidiary called Reliance Enterprise Intelligence Limited (REIL) to invest in enterprise-level artificial intelligence (AI) solutions.

REIL will be a 70:30 joint venture with Facebook Worldwide Inc, which will make an initial investment of Rs 855 crore in India. REIL will function as a subsidiary of Reliance Intelligence Limited, which is a wholly owned subsidiary of RIL.

“In accordance with the joint venture agreement, Reliance Intelligence will hold 70 percent and Facebook will hold the balance of 30 percent in REIL,” according to the filing.

“Reliance Intelligence and Facebook have jointly committed an initial investment of Rs 855 crore. Reliance Intelligence will invest an amount of Rs 2 crore towards the initial subscription of 20,00,000 equity shares of Rs 10 each,” the filing made to the stock exchange mentioned.

“REIL, incorporated in India as a wholly owned subsidiary of Reliance Intelligence, will become the joint venture company as per the amended and restated joint venture agreement with Facebook Overseas Inc, which is a wholly owned subsidiary of Meta Platforms Inc,” the filing stated.

The newly incorporated step-down subsidiary called REIL will develop, market and distribute enterprise-level artificial intelligence (AI) services.

The joint venture, which was first announced at RIL’s AGM in August 2025, will use Meta’s open source Llama models combined with Reliance’s enterprise reach to offer AI tools across sectors.

The partnership will focus on two main offerings including an enterprise AI platform-as-a-service enabling organisations to customise and deploy generative AI models, as well as a suite of pre-configured solutions for sales, marketing, IT operations, customer service and finance.

Meta will provide technical expertise in building Llama-based models, while Reliance will leverage its digital infrastructure and access to thousands of Indian enterprises and small businesses. The solutions will be deployable across cloud, on-premises and hybrid environments, with an emphasis on lowering the total cost of ownership.