NEW DELHI: In a landmark address signaling a massive deep-tech and multi-generational transition, Reliance Industries Limited (RIL) Chairman Mukesh Ambani rolled out the company’s future roadmap at its 49th Annual General Meeting (AGM). Highlighting record financial achievements alongside game-changing business expansions, Ambani declared that the company's day-to-day management transfer to the next generation of leaders is "almost complete."

In what is poised to be one of the most anticipated market events, Ambani announced that the Board of Jio Platforms has officially approved its Draft Red Herring Prospectus (DRHP), which is being filed with SEBI. The mega-IPO process is being spearheaded by his children—Isha, Akash, and Anant Ambani.

Stepping beyond traditional telecom, Reliance is heavily investing in research, development, and innovation. Notably, Jio Platforms jumped from a global patent innovation velocity rank of 340 to 20 in just one year. The company is now aggressively pivoting toward its newest growth engine: Reliance Intelligence.

"Today, Reliance Intelligence promises AI to everyone, everywhere," Ambani stated, noting that the goal is to make AI natively available in 22 Indian languages and drastically disrupt AI economics by the end of the decade.

To eliminate the hurdle of high compute costs, Reliance is constructing a sovereign AI backbone in Jamnagar powered entirely by renewable energy. The first 120 megawatts will commission by late 2026, featuring an advanced fleet of NVIDIA GB300 GPUs equivalent to over 75,000 H100 units. Deepening alliances with Google and Meta, Reliance will deploy India-first applications such as JioBharatIQ*, AI Vyapar, and JioHealthIQ. The company also demonstrated upcoming network-level capabilities, including an in-call native AI "Jio Call Agent" that transcribes and takes actions directly within voice calls.

Despite extreme macroeconomic and geopolitical volatility over the past year, Reliance delivered a stellar fiscal performance for FY26:

Retail and Digital services spearheaded this expansion, contributing nearly half of the total FY26 EBITDA.

Reliance also maintained its status as the nation's premier investor and contributor to the exchequer, logging a capex of ₹1,44,271 crore ($15.2 billion) for the fiscal year. The company's exports accounted for 6.7% of India's total merchandise exports.

Operational Milestones Across Core Sectors

Digital & Telecom: Jio's user base crossed 524 million, with 5G subscribers clearing the 268 million mark. The network carried an astronomical 241 exabytes of data traffic in FY26. Jio Home also announced an upcoming multi-gigabit broadband offering capable of up to 5 Gbps download speeds via JioAirFiber.

Media & Entertainment: Benefiting from the first full year of operations post-merger, JioStar, Jio Studios, and Network18 posted revenues of ₹34,917 crore ($3.7 billion). JioHotstar achieved a world-record 72.5 million concurrent viewers during the T20 World Cup and crossed 1 billion app downloads.

Retail Leadership: Reliance Retail surged past 20,160 stores, processing 1.93 billion transactions—greatly boosted by the maturation of Quick Commerce through JioMart. The retail arm is launching an advanced manufacturing platform covering fresh foods, garments, and affordable electronics.

FMCG Amplification: Reliance Consumer Products Limited (RCPL) doubled its revenue in a single year to ₹22,000 crore ($2.3 billion). Its flagship carbonated beverage brand, Campa, clocked over ₹4,700 crore in gross sales, cementing its spot as India's fourth-largest brand in the segment. RCPL aims to hit a ₹1 lakh crore revenue target by FY30.

Oil-to-Chemicals (O2C) & Exploration: Facing supply chain choke points in the Strait of Hormuz in March 2026, RIL's agile logistics sustained near-full refinery throughput. O2C revenue grew 5.7% to ₹6,62,401 crore ($69.8 billion). RIL is strategically executing its next evolution to convert crude oil into high-value materials like carbon fibre and green chemicals.

The Dhirubhai Ambani Green Energy Giga Complex in Jamnagar has officially transitioned from construction to commissioning. RIL's solar PV cell and module production lines are operational, producing high-efficiency Heterojunction Technology (HJT) modules.

Simultaneously, the first phase of its 40 GWh Battery Energy Storage System (BESS) Giga Factory is on track to commission this year, with plans already drawn to scale capacity up to 120 GWh. RIL also signed a massive, landmark **$3 billion green ammonia supply contract with Samsung C&T, validating the global commercial viability of its Kutch renewable platform. Ambani projects that the New Energy business will create over 200,000 green jobs and start contributing meaningfully to RIL’s financial bottom line from FY27 onward.

Addressing governance and succession, Mukesh Ambani validated the leadership of his three children. Isha continues to steer Consumer Businesses, Akash heads Technology, and Anant directs the Energy vertical. "They are three bodies, one soul. Their soul is Reliance," Ambani reflected.

Supported by a groomed cohort of 500 younger executives in their 30s and 40s, Ambani assured investors that day-to-day management has been effectively transferred. Backed by diversified cash flows, he expressed ultimate confidence that Reliance will "more than double" its consolidated EBITDA over the next five years, acting as a pillar for a self-reliant, Viksit Bharat.