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Mukesh Ambani
Mukesh Ambani
Chairman & Managing Director, Reliance Industries
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Reliance 49th AGM LIVE: Mukesh Ambani Unveils Jio IPO Roadmap at Reliance 49th RIL AGM | BREAKING

📅 Jun 19, 2026 CNN-News18 44 MIN 87 SEGMENTS · 9 SPEAKERS
Reliance Industries Chairman Mukesh Ambani unveiled the roadmap for the much-anticipated Jio Platforms IPO during the 49th ...

What Mukesh Ambani said

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

Mukesh Ambani, Chairman of Reliance Industries, opened his remarks by praising his son Akash's presentation on Jio's new offerings, including multi-gigabit broadband and AI agents. He then traced Reliance Retail's history from its first Reliance Fresh store in Hyderabad in November 2006 to becoming India's largest retailer and a global top 50 retailer. He announced two new growth platforms: an advanced manufacturing platform for fresh produce, garments, and electronics, and an exports platform for global FMCG. He highlighted Reliance Retail's deep-tech and AI capabilities. He then discussed India's energy dependence, noting that over 70% of needs are imported, and outlined Reliance's comprehensive plan to boost domestic energy production across solar, battery, wind, hydrogen, and other sources. He introduced his son Anant to discuss the energy business, emphasizing the goal of India producing almost all its energy needs affordably and eco-friendly.

Key takeaways

  1. Reliance Retail will add advanced manufacturing and exports platforms to drive growth.
  2. India depends on external sources for over 70% of its energy needs, which Reliance aims to change.
  3. Reliance is building a comprehensive energy plan covering solar, battery, wind, hydrogen, and more.
  4. Reliance Retail's history includes crossing 20,000 stores in Q4 FY26, a scale no Asian retailer achieved so quickly.
  5. Reliance's ambition is to become the world's most intelligent, humane, and inclusive consumer ecosystem.

Numbers and commitments

FigureWhat it refers toTypeAt
November 2006 Opening of first Reliance Fresh store in Hyderabad timeline 18:54
1,000 stores Reliance Retail store count within five years of launch metric 18:54
20,000 stores Reliance Retail store count crossed in Q4 FY26 metric 18:54
70% Share of India's energy needs met by external sources metric 38:27
21 Number of pan-India clusters for garment manufacturing partnerships metric 22:06

Chapters

  1. 0:00Jio's new offerings and AI agents
  2. 18:31Reliance Retail's history and growth
  3. 21:19New manufacturing and exports platforms
  4. 38:03India's energy dependence and Reliance's plan
Narrator 0:00 ↗
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Demo User 0:08 ↗
15th July morning works for me.
AI Agent 0:11 ↗
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Narrator 0:31 ↗
Traveling overseas, it finds the right roaming pack and sends real-time usage alerts. Here is a quick demo.
AI Agent 0:39 ↗
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Vikram 0:43 ↗
I'm flying to Italy next week.
AI Agent 0:45 ↗
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Vikram 0:53 ↗
25th June to 5th July.
AI Agent 0:56 ↗
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Vikram 1:05 ↗
Recharge for 1551.
AI Agent 1:07 ↗
Perfect. I have completed your recharge. Your plan will auto-activate when you land in Italy. Have a great trip.
Narrator 1:15 ↗
Bought a new eSIM phone. It handles self-KYC and activates your phone in minutes. This is for every Indian in all major Indian languages, voice and text. As always, privacy stays at the heart of it. Myio acts only with your consent. Every action is logged and everything involving payment always needs your confirmation. You can see all of the demos on our website.
Akash Ambani 1:44 ↗
Now, let's move to Jio. Jio powered India's journey from voice to data to video, pioneering gigabit broadband for every Indian. Today we take the next leap. Jio Home's next-generation offering delivers multi-gigabit capability, up to 5 Gbps download and 1 Gbps upload dedicated to your home through our multi-gigabit-ready Jio Fiber. But this is not about speeds. It is about what your family can do. Connected devices per home have grown multi-fold in five years, and this is only set to rise. We needed connectivity built to power that rise. One member streaming, another cloud gaming, a third on a video call, a child in an online immersive and interactive class, all at once. All flawless. Nothing slows down. That's what 5 Gbps gives you. A breakthrough multi-gigabit wireless technology built in India.
Speed also changes how things feel. A large file that took minutes now lands in seconds. The latest AAA game, 100 GB, streams whilst you pour a cup of chai and you're playing before it's gone cold. This makes India ready for 8K multi-screen entertainment. This transforms work too. With 1 Gbps upload, your home becomes a true global workplace. Real-time co-creation with teams anywhere in the world. And this is just the beginning. We're entering the era of spatial computing with volumetric video where AI and XR create interactive, immersive experiences.
The opportunity is no longer just to connect homes to the internet. It is to turn every home into an intelligent home, a place to learn, play, work, and create at the speed of imagination.
The fastest broadband in the world should reach you just as fast. At Jio, the journey to a connected home should feel effortless from the very first moment you show interest, through our website, a missed call, or MyJio. So we're reimagining the entire home connect journey from interest to go-live. It rests on two simple promises. First, within 15 minutes of showing interest, you will get a call back in your own language. It answers every question, helps you pick the right plan, books your home connection slot, and stays with you throughout your home journey. Second, your Wi-Fi will go live within 24 hours anywhere in India. This is connectivity the way Indian homes deserve it.
And finally, to our last announcement for the home. Today we announce Jio Teleframe, the home for agents in your home. This is a family of Jio AI agents built for everyday life. AI agents for the day, for care, for guests, for entertainment, shopping, and of course the connected home. Every agent has a job. Teleframe gives them one shared place to help, act, and stay visible to the family. Always with permission and in every Indian language. These agents know you, your family, your routines, the room around you. They sense context and bring the right help forward without anyone opening apps, searching menus, or repeating what the home should already understand.
Narrator 5:46 ↗
The school morning starts before anyone opens an app. Teleframe knows the family is leaving soon, so the day agent brings up rain after 2 PM, so you remember to carry your umbrellas and raincoats, and the doctor appointment at 5:30. Planning a festival lunch, the guest agent sees the plan taking shape.

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Cite this transcript

APA, MLA, BibTeX
APA

Ambani, M. (2026, June 19). Reliance 49th AGM LIVE: Mukesh Ambani Unveils Jio IPO Roadmap at Reliance 49th RIL AGM | BREAKING [Interview transcript]. CNN-News18. CEOInterviews.AI. https://ceointerviews.ai/interview/994772/

MLA

Mukesh Ambani. "Reliance 49th AGM LIVE: Mukesh Ambani Unveils Jio IPO Roadmap at Reliance 49th RIL AGM | BREAKING." CNN-News18, 19 Jun. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/994772/.

BibTeX 
@misc{ambani2026_994772,
  author       = {Mukesh Ambani},
  title        = {Reliance 49th AGM LIVE: Mukesh Ambani Unveils Jio IPO Roadmap at Reliance 49th RIL AGM | BREAKING},
  howpublished = {Interview transcript, CNN-News18. CEOInterviews.AI},
  year         = {2026},
  month        = {jun},
  url          = {https://ceointerviews.ai/interview/994772/},
  note         = {Speaker-attributed transcript with timestamps}
}