Mukesh Ambani: Reliance, India Thrive Together as Future-Ready Tech Leader

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Ltd, addressed shareholders in his annual letter, revealing the company’s forward-looking ambitions as it enters a new era of deep-tech transformation. This message comes just ahead of Reliance’s 48th Annual General Meeting scheduled for 29 August 2025, at a time when both the company and India are experiencing rapid change.

At the core of Ambani’s letter is the company’s ambitious drive towards deep technology and green energy. Reliance has invested heavily in research and development, employing over 1,000 scientists who are working on breakthroughs in artificial intelligence, renewable energy, advanced materials, and next-generation digital platforms. These efforts mark a shift from simply keeping up with global trends to actively shaping them, underlining Reliance’s role as a pioneer in India’s technological advancement.

One of the most significant developments is the operationalisation of giga-scale solar and battery energy storage projects. These ventures signal Reliance’s serious commitment to India’s clean energy future, aligning perfectly with the country’s goals for sustainable development. The company sees its energy initiatives not only as business opportunities but also as vital contributions to India’s broader ambitions of energy independence and environmental responsibility.

Financially, Reliance remains robust and resilient. For the fiscal year 2024-25, the company reported consolidated revenue exceeding ₹10.71 lakh crore, a steady growth of over 7% compared to the previous year. EBITDA touched ₹1.83 lakh crore, with net profit reaching more than ₹81,000 crore. These figures reflect a disciplined and diversified business strategy across various sectors including Retail, Digital Services, Media and Entertainment, Oil to Chemicals (O2C), and New Energy.

In the digital domain, Reliance’s Jio network has strengthened its position as the world’s largest data network, boasting 488 million users with 191 million on 5G services. This rapid expansion underpins India’s digital infrastructure and supports a wide range of sectors—from education to commerce. On the retail front, Reliance Retail has extended its footprint to over 19,300 stores nationwide, achieving a turnover exceeding ₹3,30,000 crore, further cementing its leadership in the Indian retail sector.

The media division, bolstered by a strategic partnership with Disney, has reached new heights in viewership and engagement. This collaboration marks a fresh chapter in India’s entertainment industry, bringing diverse content to millions across the country.

Additionally, Reliance’s oil and gas businesses have contributed to reducing the nation’s reliance on imports through increased domestic production, reinforcing energy security—a crucial factor in India’s growth story.

Ambani’s letter consistently ties Reliance’s progress to India’s ambitions, asserting the philosophy that “what is good for India is good for Reliance.” The company positions itself as a responsible and innovative partner in the country’s journey towards global leadership and inclusive growth. Reliance’s platforms and projects are designed to empower millions of people, create jobs, and build sustainable value, reflecting a deep sense of social commitment alongside business objectives.

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