Reliance Industries chairman and managing director Mukesh Ambani outlined an expansive vision for the conglomerate’s future, betting heavily on artificial intelligence, clean energy and consumer businesses as the company positions itself for what he called “India’s decade.”
In his address to shareholders in the company’s FY26 annual report, Ambani said RIL was preparing to play a “defining role” in India’s next phase of growth by building capabilities across energy, digital infrastructure and retail while maintaining financial discipline.
“We are living through a once-in-a-generation transformation – where boundaries between industries, technologies and nations are being fundamentally redrawn. Global supply chains are being reconfigured. The energy transition is accelerating. The exponential rise of data and artificial intelligence is reshaping the architecture of the modern world,” said Ambani.
He added that India stood at the forefront of the transformation and “Reliance was built for moments like these. We do not follow change – we build for it, ahead of it.”
A major focus of the outlook articulated by Ambani was artificial intelligence, and Ambani spoke of “Reliance Intelligence,” aimed at building sovereign AI capabilities in India. He said the group’s objective was to ensure AI is “democratised” rather than concentrated in the hands of a few players. The company plans to build AI infrastructure and platforms designed and scaled in India for consumers, enterprises, and institutions.
The oil-to-telecom conglomerate is also doubling down on its green energy ambitions. Ambani described the Dhirubhai Ambani Green Energy Giga Complex as “a statement of intent” that would support India’s transition to clean and affordable energy. Reliance said it was building integrated capabilities in solar photovoltaic manufacturing, energy storage, and green energy infrastructure as part of its push towards energy independence.
In digital services, Ambani said Jio Platforms Limited would continue to evaluate “strategic pathways” to broaden stakeholder participation and support long-term growth, a remark likely to fuel speculation over potential listing plans or stake sales in the telecom and technology arm. He said Jio was being positioned at the forefront of the global digital revolution across connectivity, AI, cloud, and digital services.
Reliance’s consumer businesses were also central to the company’s future plans. Ambani said Reliance Retail Ventures Limited and Reliance Consumer Products were helping strengthen domestic manufacturing and Indian brands while reshaping consumption patterns through hyperlocal commerce and omni-channel retail.
The chairman said Reliance’s traditional oil-to-chemicals business would continue transitioning towards “higher-value materials and future-ready applications” to remain competitive amid the global energy transition. Meanwhile, the exploration and production business would focus on maximising recovery and disciplined capital allocation.
Ambani also underscored Reliance’s financial strength, noting that the company had become the first Indian firm to cross $10 billion in annual net profit during FY26. He said future growth would continue to be funded through strong internal accruals and supported by a “robust balance sheet.”
Ambani said Reliance’s purpose was not merely to become one of the world’s leading companies, but to contribute to India’s emergence as a developed nation through inclusive and sustainable growth.
Published on May 28, 2026