Is Mukesh Ambani Betting Big on AI and Genomics?

Mumbai, Aug 29 (NationPress) India possesses a unique blend of scale, talent, and entrepreneurial drive, positioning it to take the lead in the emerging realms of artificial intelligence (AI) and genomics. Reliance Industries Chairman Mukesh Ambani expressed confidence in the company's role to ensure that both abundance and affordability become the inherent rights of every Indian.

During the 48th Annual General Meeting (AGM), Ambani highlighted the company's expansion into the innovative sectors of Digital Health, Life Sciences, and Genomics.

"We are harnessing AI as a vital growth engine while integrating it throughout our operations, ranging from retail to telecommunications and from energy to entertainment," he stated in his address to shareholders.

With an ambitious goal to more than double EBITDA by 2027 compared to 2022 levels, he noted the growth of their workforce to nearly 6.8 lakh individuals.

"I envision this number exceeding 10 lakh in the coming years. It brings me great pride to declare that we are among India's most respected employers and largest job creators," Ambani added.

The Reliance Jio family has surpassed 500 million customers. Jio's revenue reached Rs 1,28,218 crore ($15 billion), marking a 17 percent year-on-year increase in FY25, with an EBITDA of Rs 64,170 crore ($7.5 billion).

"These figures reflect the significant value Jio has already generated and the greater value it is destined to achieve. I am delighted to share that Jio is preparing to file for its IPO. We aim to list Jio in the first half of 2026, pending all necessary approvals," stated the Chairman of Reliance Industries.

Furthermore, he announced the launch of Reliance Intelligence, a fully owned division dedicated to AI. This unit plans to construct gigawatt-scale, AI-ready data centers in Jamnagar, provide AI services across education, health, and agriculture, and attract top-tier global talent.

Partnerships with Google and Meta will bolster these ambitions. Ambani referred to AI as the "Kamdhenu of our age," emphasizing his belief in its potential to enhance productivity and elevate human potential.

Reliance and Meta are set to establish a joint venture aimed at developing Llama-based agentic enterprise AI platforms and tools. Additionally, Reliance will collaborate with Google Cloud to create a cutting-edge, AI-centric cloud region dedicated to Reliance in Jamnagar.

In its consumer businesses, Reliance Consumer Products Ltd will be restructured into a direct subsidiary, providing greater autonomy to its portfolio, which includes Campa Cola, Independence, and other rapidly growing brands.

Already achieving revenues of Rs 11,500 crore in FY25, the business aims to reach Rs 1 lakh crore within the next five years.

"The global economy is currently navigating through a period of considerable uncertainty. Geopolitical tensions are escalating, volatility is persistent, and predictability is rare. The world is learning that conflict yields no winners, while collaboration fosters shared prosperity. When nations work together, trade flourishes, investments thrive, and everyone benefits," Ambani remarked.