Mukesh Ambani Charts New Growth Path for Reliance

Mukesh Ambani, chairman of Reliance Industries Ltd, revealed the company's ambitious growth strategy, aiming to double revenues and profits in 3-4 years. The plan includes expanding retail and telecom, making the new energy business profitable by 2031, and leveraging AI tools. Reliance's market value has reached USD 250 billion.

Mukesh Ambani, the chairman and managing director of Reliance Industries Ltd, outlined the company's ambitious growth strategy at its annual general meeting. Key components of the plan include doubling revenues and pre-tax profits within 3-4 years, expanding the new energy business to become profitable by 2031, and enhancing AI adoption with the launch of 'Jio Brain' and massive data centers in Jamnagar.

The conglomerate, which operates in refining, oil and gas, petrochemicals, telecoms, retail, and media, is on track to more than double in size before the decade's end. Ambani highlighted that Reliance has consistently created value from scratch, positioning itself among the world's top 50 most valuable corporations. With retail and telecom sectors worth over USD 100 billion each, the company is expected to continue robust growth.

Ambani announced the provision of up to 100 GB of free cloud storage for Jio users and shared his vision of green energy being a significant profit center in the future. Further investments are planned in solar PV modules and advanced battery manufacturing. The board will consider a 1:1 bonus share issue, rewarding shareholders who have supported Reliance's journey. The company is also preparing for major expansions in AI and digital infrastructure, underscoring its forward-thinking approach to sustainable and technological growth.

(With inputs from agencies.)