RIL AGM LIVE: Akash Ambani Addresses 48th RIL AGM | Reliance Annual General Meeting | N18L

Faced challenges, learned lessons, and found my purpose. I have grown with Jio, and today to see it come into its own as an independent company is both humbling and exhilarating. Jio is part of me. Chairman sir, I want to thank you for your trust, your vision, and your guidance. I assure you that Jio is on the path to build on your vision with renewed energy and unwavering resolve to serve India's digital future.

Dear friends, as we take this next step in Jio's journey, it gives me great pride to reflect on how far we've come. Today, Jio serves over 500 million happy customers. To put that into perspective, it's more than the combined population of the United States, the United Kingdom, and France. This isn't just a milestone in terms of scale. It's a testament to the deep and widespread trust that Jio has earned from every corner of India.

Very few companies in the world have the privilege of serving half a billion people. Fewer still do it with the consistency, commitment, and care that Jio has demonstrated. This achievement therefore belongs not just to Jio but to each and every individual who believed in Jio and stood by it. And with that belief comes responsibility.

The responsibility to lead, to innovate, and to serve with purpose. Not to sell, but to truly serve the customer, putting their needs at the heart of every innovation.

Today, Jio carries the largest wireless data traffic in the world. India's next digital leap and Jio's next growth engine will come from businesses large and small. Jio is building simple, scalable, and secure platforms for MSMEs and enterprises alike. From franchisee management to AI-powered solutions across verticals, we're enabling every business to compete globally.

This is not just digitization. It's the democratization of enterprise-grade technology. Jio's transformation into a deep tech company is now unmistakable. We've done it on a technology stack that is designed, developed, and deployed entirely in India by Jio's own engineers.

From developing our own 5G core to rolling out the fastest 5G services in the world and now deploying our global first home connect technology, we have cemented our place as a deep tech company. Our proprietary home connect technology, UBR, an industry-first innovation, has revolutionized home broadband, offering gigabit speeds while avoiding cable cut disruptions and supporting high-end applications.

Jio AirFiber is now the largest fixed wireless provider in the world, adding over 1 million homes per month. And now with the integration of AI, we're building a stack that will power intelligent services across India. From Gen AI-enabled customer journeys to AI-powered diagnostics and automation, Jio is laying the foundation for India to become the world's first AI-native digital economy.

Building on this foundation, Jio True 5G has redefined speed, reliability, and the reach of digital connectivity. Today, more than 220 million users are benefiting from Jio's True 5G network.

Friends, at the heart of all our offerings is our customer. At Jio, customer service is not a department. It is a promise. We are redesigning every touchpoint to delight the user, not just serve them. Whether it's discovering, buying, using, or resolving issues, our systems are now event-driven and API-enabled. With Gen AI at the forefront, this transformation is structural, aligning our architecture and feedback loops to deliver precision and delight at scale.

This relentless focus on innovation has also driven our strongest financial performance yet with record revenue, profitability, and customer engagement. As we look ahead, Jio's journey will be beyond India. Our innovative technologies are now ready to be deployed globally and solve global challenges. With strategic partnerships and a clear roadmap, we will take Jio services international, creating value for partners and shareholders alike.

Behind every achievement is a mission to serve customers with heart, to connect the unconnected, uplift every citizen. As we move forward, Jio remains committed to this service, ensuring that our technology empowers all of you. To give you a glimpse of where the mission is headed next, I now invite my colleague Kiran to join me to showcase some of Jio's latest innovations.

Thank you, Akash. Today, Jio is the only operator that can activate gigabit speed internet in under 24 hours across India. In the past, getting broadband installed, even in our largest cities, meant waiting, delays, and multiple site visits before installation could even begin. It was frustrating for homes and small businesses that simply wanted to be connected. At Jio, we decided India deserves better. And we completely reimagined this using our deep tech platforms.

We built something no one else has attempted at this scale: a digital twin of India's physical infrastructure. This is a living, breathing 3D model of our entire nation covering every terrain, every locality, and every single building. The moment a customer places an order, Jio's digital twin system allows our engineers to check the local network conditions for that specific customer and precisely plan the entire installation instantly right from their offices.

And within 24 hours, the rooftop unit is installed and the customer's premises is live with gigabit speeds. This homegrown capability puts India and Jio at the forefront of technology innovation and sets a new benchmark in serving customers at scale.

Now last year in our AGM we introduced Jio AI Cloud with up to 100 GBs of free cloud storage for all Jio users. More than 40 million Indians have trusted Jio Cloud to back up their most important photographs, files, and videos all securely.

Today we unveil the next generation of Jio Cloud that is more than just storage but an AI-powered memory companion. Imagine being able to find and relive your most precious moments simply by speaking in your own language. You could, for example, say 'Hello Jio, last year' and Jio Cloud will search your entire library and instantly bring back vibrant images of your celebrations. Jio Cloud also makes everyday organization effortless.

For example, when you scan a receipt, it categorizes it automatically under bills. Or when you upload a picture of your Aadhaar card, it again automatically categorizes it under identity documents. And with our new AI Create Hub, Jio Cloud becomes not just a place to store memories, but also to create them.

Anyone can turn simple photographs into sharable reels, collages, or promo videos with no expert skills required at all. Imagine a small shopkeeper creating a professional product reel in minutes or a parent compiling a family album with just one click. We are making Jio AI Cloud smarter and more human and are excited for you to try these very soon to be released features. And now back to you, Akash.

Thank you, Kiran. Jio's vision is to empower every connected home and business with advanced digital services. Today we are proud to announce another leap forward called JioPC. Our world is being reshaped by AI. But for AI to be truly inclusive, it must be present in every Indian home and business.

JioPC is that revolutionary product that transforms your TV or any other screen into a full-feature AI-ready computer. You can easily get started by connecting a keyboard to your Jio set-top box. Instantly, you get a virtual computer powered from Jio's cloud with no upfront investment. You simply pay for what you use.

And because JioPC lives in the cloud, it's always up-to-date, secure, and you can remotely upgrade your memory, storage, and computing power based on your growing needs. For the first time, anyone in India can tap into high-performance compute on demand. You can go from creating documents to running advanced simulations all on the same JioPC.

We are partnering with leading providers to bring a rich library of applications and powerful AI tools to boost your productivity and creativity. JioPC is not just about giving people a computer. It's about giving every student, every professional, every entrepreneur in India the same AI-ready power that only few have had so far. This is computing for India reimagined.

Next up, we're proud to give you a first look at one of our most exciting upcoming products, JioFrames. JioFrames is an AI-powered wearable platform, an ecosystem made for India with support for multiple Indian languages. At launch, you can simply speak to Jio's multilingual AI voice assistant. It is a hands-free AI-powered companion designed for the way India lives, works, and plays.

With JioFrames, you can capture your world like never before. Take HD photos, record videos, or go live. Every memory is instantly stored in Jio Cloud. JioFrames goes beyond capturing moments. Reading a book? Just ask for a summary or an explanation.

Cooking a new dish? Get a step-by-step guide while your hands are busy. Traveling to a new city? Instantly learn about the landmarks around you. You can make calls, take meetings, listen to music, or enjoy podcasts with built-in open-ear speakers. You hear crystal clear audio while staying aware of the world around you. JioFrames brings the power of AI into your everyday life in the most natural way possible. Intelligence will not just be in your pocket. It will be right in front of your eyes.

Dear shareholders, let me now talk about our media and entertainment business. The formation of JioStar marked a defining moment for India's media ecosystem. In just a few months, we have created a revolution by strategically leveraging content, AI, and technology to reshape how stories are told, delivered, and experienced.

JioStar offers 320,000 hours of content, six times more than the next two OTT platforms combined, with 30,000 hours added every year. Our advanced AI tools and technology innovations are empowering viewers like never before. As a result, our media and entertainment business delivered a record-breaking performance. The launch of JioHotstar brought over 600 million users on board within 3 months. This included over 75 million connected TVs. With 300 million paying subscribers, JioHotstar is now the world's second-largest streaming platform, achieved entirely in our country, India. This record shows the immense potential of Indian consumers.

In addition, with a 34% TV market share, equal to the next three networks combined, we are well on our path to serve a billion screens across mobile, TV, and connected devices. JioStar will continue to expand across platforms and geographies. We have created an experience that combines the best of content, software, and AI through JioHotstar. We always want to push the boundaries and give our customers a more elevated experience.

And now, let me give you a glimpse of what's coming to JioHotstar. Finding what to watch from thousands of hours of content can feel overwhelming. That's why we have built Ria, your new voice-enabled search assistant that makes discovering content effortless. Ria is built for the way you think and speak. Whether it's key moments from your favorite shows, highlight reels of your favorite players, or even a deep dive match analysis, Ria understands you. Just say what you want across years, seasons, and episodes, and Ria will curate it for you. No more scrolling, no more searching, just ask and Ria delivers.

Now introducing Voice Print, the next leap in immersive storytelling. For the first time on JioHotstar, you will be able to enjoy sports and entertainment in your favorite Indian language without losing the magic of the original performance. With the power of AI voice cloning and lip-sync technology, your favorite stars won't just get dubbed. They will actually speak in your language in their own voice with perfect lip sync on screen. Here's a closer look.

So whether it's a cricket match or a blockbuster movie, you can now watch it in your own language in the most natural and authentic way. Paramount to our success has been the unmatched viewing experience we've delivered and we are always pushing boundaries further.

Today, we're excited to introduce JioLens, a breakthrough that lets you experience your favorite content like never before. With JioLens, you can explore multiple viewing options that adapt to your personal preferences in a single click. It's your content on your screen, exactly the way you want to see it.

Next, let's look at MaxView, a global first innovation that transformed how cricket is watched on mobile. Now, we're taking it even further with MaxView 3.0, a revolutionary upgrade that puts all your favorite JioHotstar features at your fingertips. Multiple camera angles, choices of language, instant highlights, and live scorecards. Everything right there on the same screen, accessible with a simple swipe. This cricket viewing experience has been designed around the way you naturally hold your phone, making it more immersive, more intuitive, and closer to the action than ever before. Head over to jio.com and ri.com to see even more exclusive demos about the exciting features we have planned to launch. With that, let me invite our chairman back onto stage.

It's a privilege to address the Reliance Annual General Meeting and to mark what is already proving to be an extraordinary partnership between The Walt Disney Company and Reliance. And I especially want to thank Chairman Ambani for his leadership and for inviting me to speak to you today. India is one of the most important and exciting markets for Disney globally. Its scale, diversity, and deep love for storytelling present enormous opportunities. And through JioStar, we are delivering the very best in entertainment and sports, reaching audiences at an unprecedented scale by bringing together Reliance's digital reach, execution, and understanding of the Indian consumer, combined with Disney's rich library of world-class storytelling and beloved IP, and of course, India's strong passion for cricket. JioStar has quickly established itself as a global force in media and entertainment with nearly 300 million paid subscribers. That is truly a remarkable accomplishment in such a short span of time and we're incredibly proud of what we've achieved so far and even more excited about what lies ahead. So on behalf of all of us at Disney, thank you for your partnership and enjoy the meeting.