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Mukesh Ambani
Chairman & Managing Director, Reliance Industries

Reliance AGM 2026 LIVE | Mukesh Ambani | Annual General Meeting | RIL AGM | रिलायन्ससाठी नवं व्हिजन

📅 Jun 19, 2026 News18 Marathi 8 MIN 5 SEGMENTS · 1 SPEAKERS
Reliance AGM 2026 LIVE | Mukesh Ambani | 49th Annual General Meeting | RIL AGM | N18L #rilagm2026, ...

What Mukesh Ambani said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Mukesh Ambani opened Reliance's AGM by celebrating Jio's 10th and Reliance Retail's 20th anniversaries, calling both unbeatable number one in their sectors. He reported record FY26 results: consolidated revenue of 11,75,919 crores (up 9.8%), EBITDA of 2,07,911 crores (up from 97,580 crores in FY21), and net profit of 95,754 crores (up 17.8%). He highlighted capex of 1,44,271 crores in FY26 and over 6,48,428 crores over five years, exports of 2,78,808 crores, and tax contributions of 2,16,472 crores. He noted credit rating upgrades to A- (S&P) and Baa1 (Moody's). Ambani announced Jio Platforms' board approved filing the DRHP with SEBI that day, with Isha, Akash, and Anant leading the IPO. He introduced Reliance Intelligence as a new growth engine to build profitable AI infrastructure, with partnerships with Google, Meta, and Nvidia, promising AI for everyone.

Key takeaways

  1. Jio Platforms' board approved the DRHP, filed with SEBI on the day of the AGM, with Isha, Akash, and Anant leading the IPO process.
  2. Reliance Intelligence is the new growth engine to build profitable AI infrastructure, platforms, and services for consumers, enterprise, and governments.
  3. FY26 consolidated revenue hit 11,75,919 crores, up 9.8% year-on-year, with net profit at 95,754 crores, up 17.8%.
  4. Reliance's credit rating improved to A- by S&P and Baa1 by Moody's, two notches above India's sovereign rating.
  5. Capex in FY26 was 1,44,271 crores, with over 6,48,428 crores invested over five years, more than any other Indian company.

Numbers and commitments

FigureWhat it refers toTypeAt
9.8% Year-on-year revenue growth in FY26 metric 1:42
97,580 crores FY21 EBITDA metric 1:42
95,754 crores FY26 net profit metric 1:42
17.8% Year-on-year net profit growth in FY26 metric 1:42

Chapters

  1. 0:00Anniversaries and company position
  2. 1:03Founder's philosophy and outlook
  3. 1:42FY26 financial results
  4. 5:27Jio IPO announcement
  5. 6:39Jio's decade and AI vision
Mukesh Ambani 0:00 ↗
We are an Indian company in the top 20 of this elite league. Let us congratulate our brilliant team of scientists, engineers, and innovators who have made India proud. This is a landmark year for us for two reasons: Jio completes 10 years of stellar success, becoming the primary enabler of India's digital and AI revolution, and Reliance Retail completes 20 years as a trailblazer, becoming the catalyst of India's organized retail revolution. In both businesses, we remain the unbeatable number one. These two anniversaries affirm one truth: when a patriotic, high-performance company consistently serves the aspirations of 1.5 billion Indians, there is no limit to what it can achieve.
Our founder chairman, Shri Dhirubhai Ambani, taught us that behind every obstacle is an opportunity. Through adaptability, reinvention, and strategic diversification, Reliance has consistently achieved long-term value creation at scale. I address you today with the firm belief that Reliance's best chapters lie ahead. Our foundations are strong, our strategy is clear, and the opportunity for growth in India is immense.
Reliance posted record high revenue, EBITDA, and net profit for the financial year 26 despite global challenges. Consolidated revenue stood at 11 lakh 75,919 crores, up 9.8% year-on-year. Our retail and digital businesses played a key role in doubling RIL's EBITDA over 5 years. EBITDA rose from 97,580 crores in FY21 to 2 lakh 7,911 crores in FY26, with retail and digital contributing nearly half. Net profit stood at 95,754 crores, up 17.8%. Reliance's contribution to India's growth remains unsurpassed, with capex of 1 lakh 44,271 crores in FY26 and over 6 lakh 48,428 crores over 5 years, more than any other company in India. We contributed almost one-third of the total capital invested by India's top 50 corporates. Exports were 2 lakh 78,808 crores, 6.7% of India's total merchandise exports. We remained the largest contributor to the national exchequer, contributing 2 lakh 16,472 crores, with cumulative contribution over 5 years crossing 9 lakh 78,000 crores or over 100 billion dollars. CSR expenditure stood at 2,248 crores, the highest by a single Indian company. These achievements are supported by prudent capital allocation, proactive risk management, and a strong balance sheet. Our global credit rating improved to A- by S&P and Baa1 by Moody's, two notches above India's sovereign rating. Reliance ranks amongst the largest employers in India, creating high-paying jobs and catalyzing micro entrepreneurship opportunities.
The board of Jio Platforms has approved the draft red herring prospectus, which will be filed with SEBI today. This is a deeply emotional moment for me, the Reliance family, and millions of shareholders. Our relationship with shareholders is deep and sacred, founded on pride, trust, respect, and shared growth. Isha, Akash, and Anant are heading the Jio IPO process and will lead the next generation of value creation. The proposed listing will demonstrate that India can build technology companies of global scale, capability, and value. I assure you that a brighter future awaits Jio.
Ten years ago, Jio began its journey with an audacious dream to remove digital inequality from India. At that time, voice was costly, data was expensive, and speeds were poor. Jio made voice free, high-speed data affordable, and digital life possible for every Indian. Jio empowered students, small businesses, families, and entrepreneurs, and India became the world's largest data market. Now, Jio is preparing for its next big mission. I firmly believe that India should not be a mere consumer of AI created elsewhere; it must become a creator, adopter, and global leader in AI. That is why we announced Reliance Intelligence as our newest growth engine. Our objective is to build a profitable AI infrastructure, platform, and services business serving consumers, enterprise, and governments at scale. We set out a clear vision, identified focus areas, and began building partnerships with Google, Meta, and Nvidia. Now we are entering the next phase, execution, which Akash will detail. A decade ago, Jio promised broadband connectivity to everyone, everywhere, and we delivered. Today, Reliance Intelligence promises AI to everyone, everywhere, and we shall deliver on this promise too. The Jio revolution is a result of the courage, creativity, and commitment of thousands of young Indian engineers. Before Jio, many believed that it

Cite this transcript

APA, MLA, BibTeX
APA

Ambani, M. (2026, June 19). Reliance AGM 2026 LIVE | Mukesh Ambani | Annual General Meeting | RIL AGM | रिलायन्ससाठी नवं व्हिजन [Interview transcript]. News18 Marathi. CEOInterviews.AI. https://ceointerviews.ai/interview/1044247/

MLA

Mukesh Ambani. "Reliance AGM 2026 LIVE | Mukesh Ambani | Annual General Meeting | RIL AGM | रिलायन्ससाठी नवं व्हिजन." News18 Marathi, 19 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1044247/.

BibTeX
@misc{ambani2026_1044247,
  author       = {Mukesh Ambani},
  title        = {Reliance AGM 2026 LIVE | Mukesh Ambani | Annual General Meeting | RIL AGM | रिलायन्ससाठी नवं व्हिजन},
  howpublished = {Interview transcript, News18 Marathi. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/1044247/},
  note         = {Speaker-attributed transcript with timestamps}
}