The Mukesh Ambani and Mark Zuckerberg-led companies have committed an initial combined investment of around Rs 855 crore in the unit, which will focus on developing, marketing, and distributing enterprise AI services.
Reliance Intelligence will hold a 70% stake in REIL, while Facebook Overseas, Inc., a wholly owned subsidiary of Meta Platforms Inc., will hold the remaining 30%. Moreover, RIL‘s AI arm will invest Rs 2 crore towards the initial subscription of 20 million equity shares of Rs 10 each.
According to the filing, the incorporation of REIL does not fall under related party transactions, and none of Reliance Industries’ promoters, promoter group, or group companies have any interest in the transaction. The filing also noted that no governmental or regulatory approvals were required for the incorporation of REIL.
The JV, first announced at RIL’s Annual General Meeting in August, will use Meta’s open-source Llama models combined with Reliance’s enterprise reach to offer AI tools across sectors.
This partnership will focus on two main offerings: an enterprise AI platform-as-a-service enabling organisations to customise and deploy generative AI models, and a suite of pre-configured solutions for industries including 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 total cost of ownership.