- Business
- Reliance Industries Limited (RELIANCE.NS) operates as an Indian multinational conglomerate engaged in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals including polymers, polyesters and intermediates, retail through formats such as Reliance Retail, Reliance Digital and JioMart offering consumer electronics, groceries, fashion and daily essentials, digital services via Jio encompassing mobile telecommunications, broadband, cloud infrastructure and AI solutions, new energy initiatives in green hydrogen, solar power, battery storage and renewables, as well as media and entertainment; the company maintains manufacturing facilities primarily in India including the world's largest Jamnagar refining complex, with operations spanning India and select international markets including Malaysia. Founded in 1973 and headquartered in Mumbai, Reliance Industries ranks as India's largest company by market capitalization and leads globally in polyester production while driving significant revenue from its oil-to-chemicals segment, retail and digital services. Recent developments include the August 2025 launch of wholly-owned subsidiary Reliance Intelligence with partnerships alongside Google for AI and cloud computing integration across energy, retail and telecom, and a $100 million joint venture with Meta where Reliance holds 70% stake to deliver enterprise AI powered by Llama models; in December 2025, a subsidiary acquired 49% stake in UK's Oval Invincibles cricket franchise for GBP 60.27 million to expand Mumbai Indians branding globally; additionally, Reliance and partners committed $11 billion in November 2025 for AI data center expansion in Andhra Pradesh India.