Reliance Industries Transforms into Deep Tech Company, Announces Mukesh Ambani at AGM
Curated by THEOUTPOST
On Thu, 29 Aug, 4:05 PM UTC
4 Sources
4 Sources
[1]
Reliance transforming itself into deep tech company: Mukesh Ambani at RIL AGM
Reliance is transforming itself into a deep tech company, Chairman Mukesh Ambani said on Thursday as he termed AI as a transformative event in the evolution of the human race that is opening up avenues to address complex problems facing mankind. Addressing the 47th AGM of RIL, Ambani said the ongoing tech-driven transformation of Reliance will propel the company into a new orbit of hyper-growth and multiply its value for years to come. The strategic adoption of deep tech and advanced manufacturing will propel Reliance to secure a place in the global top-30 league in the near future, Ambani said promising that the future is far brighter than the past. Jio today stands as a true deep tech innovator, he noted. Describing the birth of AI as perhaps the most transformative event in the evolution of the human race, Ambani said it had opened up opportunities to address a number of complex problems facing mankind. "As I told you last year, Reliance has now become a net producer of technology. Breakthrough technologies and innovation have always been the greatest wealth creators for nations, as well as for corporates. Reliance internalised this 'Vikas Mantra' at every stage of our growth," he said. Reliance is transforming itself into a deep tech company with advanced manufacturing capabilities in various ways. "First, we are embedding innovative technologies in every single business to generate ever-greater value for our customers. Second, our talented engineers and scientists are incubating several critical technological innovations in-house to enhance our product and service offerings. Third, we have built an AI-native digital infrastructure for all Reliance businesses, and have built our software stack, integrating end-to-end workflows and real-time dashboards," he said. With the success of our 'Atmanirbhar' efforts, the company is accelerating India's transformation into a deep tech nation. "Reliance spent over Rs 3,643 crore (USD 437 million) in FY24 towards R&D, taking our spend on research to over Rs 11,000 crore (USD 1.5 billion) in the last four years alone. We have more than 1,000 scientists and researchers working on critical research projects across all our businesses," Ambani said. He informed that last year Reliance filed over 2,555 patents, mainly in the areas of bio-energy innovations, solar and other green energy sources, and high-value chemicals. "Digital is another principal area of our in-house research. We have filed patents in 6G, 5G, AI-Large Language Models, AI-Deep Learning, Big Data, Devices, Internet of Things, and Narrowband-IoT," he said and assured that the ongoing tech-driven transformation of Reliance will propel the company into a new orbit of hyper-growth and multiply its value for years to come. "Our future is far brighter than our past. For example, Reliance took over two decades to be amongst the top 500 companies globally. The following two decades saw us joining the league of the world's Top-50 most valuable companies. With our strategic adoption of deep tech and advanced manufacturing, I can clearly see Reliance earning a place in the Top-30 League in the near future" .
[2]
Reliance transforming itself into deep tech company: Mukesh Ambani at RIL AGM
Reliance is transforming itself into a deep tech company, Chairman Mukesh Ambani said on Thursday as he termed AI as a transformative event in the evolution of the human race that is opening up avenues to address complex problems facing mankind. Addressing the 47th AGM of RIL, Ambani said the ongoing tech-driven transformation of Reliance will propel the company into a new orbit of hyper-growth and multiply its value for years to come. The strategic adoption of deep tech and advanced manufacturing will propel Reliance to secure a place in the global top-30 league in the near future, Ambani said promising that the future is far brighter than the past. Jio today stands as a true deep tech innovator, he noted. Describing the birth of AI as perhaps the most transformative event in the evolution of the human race, Ambani said it had opened up opportunities to address a number of complex problems facing mankind. "As I told you last year, Reliance has now become a net producer of technology. Breakthrough technologies and innovation have always been the greatest wealth creators for nations, as well as for corporates. Reliance internalised this 'Vikas Mantra' at every stage of our growth," he said. Reliance is transforming itself into a deep tech company with advanced manufacturing capabilities in various ways. "First, we are embedding innovative technologies in every single business to generate ever-greater value for our customers. Second, our talented engineers and scientists are incubating several critical technological innovations in-house to enhance our product and service offerings. Third, we have built an AI-native digital infrastructure for all Reliance businesses, and have built our software stack, integrating end-to-end workflows and real-time dashboards," he said. With the success of our 'Atmanirbhar' efforts, the company is accelerating India's transformation into a deep tech nation. "Reliance spent over Rs 3,643 crore (USD 437 million) in FY24 towards R&D, taking our spend on research to over Rs 11,000 crore (USD 1.5 billion) in the last four years alone. We have more than 1,000 scientists and researchers working on critical research projects across all our businesses," Ambani said. He informed that last year Reliance filed over 2,555 patents, mainly in the areas of bio-energy innovations, solar and other green energy sources, and high-value chemicals. "Digital is another principal area of our in-house research. We have filed patents in 6G, 5G, AI-Large Language Models, AI-Deep Learning, Big Data, Devices, Internet of Things, and Narrowband-IoT," he said and assured that the ongoing tech-driven transformation of Reliance will propel the company into a new orbit of hyper-growth and multiply its value for years to come. "Our future is far brighter than our past. For example, Reliance took over two decades to be amongst the top 500 companies globally. The following two decades saw us joining the league of the world's Top-50 most valuable companies. With our strategic adoption of deep tech and advanced manufacturing, I can clearly see Reliance earning a place in the Top-30 League in the near future" .
[3]
Reliance embraces deep tech transformation, Chairman Mukesh Ambani announces at AGM
Reliance is transforming itself into a deep tech company, Chairman Mukesh Ambani said on Thursday as he termed AI as a transformative event in the evolution of the human race that is opening up avenues to address complex problems facing mankind. Addressing the 47th AGM of RIL, Ambani said Reliance's ongoing tech-driven transformation will propel the company into a new orbit of hyper-growth and multiply its value for years to come. Ambani said the strategic adoption of deep tech and advanced manufacturing will propel Reliance to secure a place in the global top-30 league in the near future, promising that the future is far brighter than the past. Jio today stands as a true deep tech innovator, he noted. Describing the birth of AI as perhaps the most transformative event in the evolution of the human race, Ambani said it had opened up opportunities to address a number of complex problems facing mankind. "As I told you last year, Reliance has now become a net producer of technology. Breakthrough technologies and innovation have always been the greatest wealth creators for nations, as well as for corporates. Reliance internalised this 'Vikas Mantra' at every stage of our growth," he said. Reliance is transforming itself into a deep-tech company with advanced manufacturing capabilities in various ways. "First, we are embedding innovative technologies in every single business to generate ever-greater value for our customers. Second, our talented engineers and scientists are incubating several critical technological innovations in-house to enhance our product and service offerings. Third, we have built an AI-native digital infrastructure for all Reliance businesses, and have built our software stack, integrating end-to-end workflows and real-time dashboards," he said. With the success of our 'Atmanirbhar' efforts, the company is accelerating India's transformation into a deep-tech nation. "Reliance spent over Rs 3,643 crore (USD 437 million) in FY24 towards R&D, taking our spend on research to over Rs 11,000 crore (USD 1.5 billion) in the last four years alone. We have more than 1,000 scientists and researchers working on critical research projects across all our businesses," Ambani said. He informed us that Reliance filed over 2,555 patents last year, mainly in bio-energy innovations, solar and other green energy sources, and high-value chemicals. "Digital is another principal area of our in-house research. We have filed patents in 6G, 5G, AI-Large Language Models, AI-Deep Learning, Big Data, Devices, Internet of Things, and Narrowband-IoT," he said and assured that the ongoing tech-driven transformation of Reliance will propel the company into a new orbit of hyper-growth and multiply its value for years to come. "Our future is far brighter than our past. For example, Reliance took over two decades to be amongst the top 500 companies globally. The following two decades saw us joining the league of the world's Top-50 most valuable companies. With our strategic adoption of deep tech and advanced manufacturing, I can clearly see Reliance earning a place in the Top-30 League in the near future". SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on August 29, 2024
[4]
Reliance, now a net producer of technology, transforming into a deep tech company: Mukesh Ambani
Asia's richest man Mukesh Ambani on Thursday said his oil-to-telecom conglomerate has now become a net producer of technology, transforming into a deep tech company. Speaking at the annual shareholder meeting of Reliance Industries Ltd, he also said that the birth of AI has opened up opportunities to address complex problems facing humans. Reliance is not in the business of making short-term profit and hoarding wealth and instead focused on wealth creation for the nation, Ambani went on to add. Painting a rosy picture of the country's economy, he said India is one of the biggest growth engines in the world and no longer just a carriage. SHARE Copy linkEmailFacebookTwitterTelegramLinkedInWhatsAppRedditPublished on August 29, 2024
Share
Share
Copy Link
Reliance Industries Limited (RIL) is undergoing a significant transformation into a deep tech company, as announced by Chairman Mukesh Ambani at the company's Annual General Meeting. This shift marks a new era for the conglomerate, focusing on cutting-edge technologies and innovation.
Reliance's Strategic Shift to Deep Tech
Mukesh Ambani, Chairman of Reliance Industries Limited (RIL), announced a significant transformation for the conglomerate at the company's 46th Annual General Meeting (AGM). Ambani declared that Reliance is evolving into a deep tech company, marking a pivotal shift in its business strategy 1.
From Net Consumer to Net Producer of Technology
In a notable development, Ambani proudly stated that Reliance has transitioned from being a net consumer of technology to becoming a net producer 4. This shift underscores the company's commitment to innovation and technological advancement, positioning it at the forefront of India's tech landscape.
Focus on Cutting-Edge Technologies
The transformation into a deep tech company involves Reliance's increased focus on advanced technologies. Ambani highlighted the company's investments in artificial intelligence (AI), robotics, blockchain, and other emerging fields 2. These investments are expected to drive innovation across Reliance's diverse business portfolio.
Impact on Business Segments
Reliance's deep tech transformation is set to impact its various business segments. The company aims to leverage advanced technologies to enhance operations in retail, telecommunications, and energy sectors. This strategic move is expected to create new growth opportunities and improve operational efficiency 3.
Future Outlook and Investments
Ambani outlined Reliance's commitment to continued investments in research and development, emphasizing the importance of staying ahead in the rapidly evolving tech landscape. The company plans to collaborate with global tech leaders and foster partnerships to accelerate its deep tech capabilities 1.
Implications for India's Tech Ecosystem
Reliance's transformation is expected to have far-reaching implications for India's technology ecosystem. As one of the country's largest conglomerates embraces deep tech, it could potentially catalyze innovation and attract global investments in India's tech sector 3.
Challenges and Opportunities
While the transformation presents significant opportunities, it also comes with challenges. Reliance will need to navigate the complexities of rapidly evolving technologies, talent acquisition, and global competition. However, the company's vast resources and diverse business interests position it uniquely to capitalize on the deep tech revolution 2.
Reference
[1]
[3]
Reliance Industries' AI Revolution: Mukesh Ambani's Vision for India's Tech Future
Mukesh Ambani, Chairman of Reliance Industries, emphasizes the transformative potential of AI in India. The conglomerate plans to leverage AI across its businesses, aiming to revolutionize various sectors and boost India's technological capabilities.
6 Sources
6 Sources
Mukesh Ambani Predicts Reliance Industries to Double in Size by 2030
Mukesh Ambani, Chairman of Reliance Industries, forecasts significant growth for the company. He expects Reliance to more than double in size before the end of the decade, driven by expansion in various sectors.
3 Sources
3 Sources
Reliance Industries Focuses on Long-Term Growth, Not Short-Term Profits, Says Mukesh Ambani
Mukesh Ambani, Chairman of Reliance Industries, emphasizes the company's commitment to long-term value creation over short-term profits. The conglomerate aims to contribute to India's economic growth and technological advancement.
2 Sources
2 Sources
Reliance Unveils JioBrain: A Revolutionary AI Platform for Enterprise Solutions
Mukesh Ambani, Chairman of Reliance Industries, introduces JioBrain, an advanced AI platform designed to streamline AI adoption across companies. This innovative tool aims to revolutionize enterprise solutions and accelerate India's AI journey.
6 Sources
6 Sources
Reliance Industries' 47th AGM: Bonus Issue, New Energy Business, and AI Innovations
Reliance Industries Limited (RIL) held its 47th Annual General Meeting, announcing plans for a bonus share issue, expansion in the new energy sector, and advancements in AI technology. The Ambani family shared their vision for the company's future across various business segments.
3 Sources
3 Sources
Your one-stop AI hub
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
The Outpost
Keep in touch
© 2025 TheOutpost.AI All rights reserved