Reliance Industries Limited (RIL) and Meta Platforms, Inc. have entered into a joint venture, valued at $100 million, to develop and scale enterprise artificial intelligence (AI) solutions for Indian and global markets.
Shardul Amarchand Mangaldas & Co advised Meta on this joint venture.
The transaction team was led by Raghubir Menon (Partner) and Deepa Rekha (Partner).
Hogan Lovells also represented Meta, with the deal team led by Jane Ross, Office Managing Partner of the Silicon Valley office and M&A partner. She was supported by partners John Brockland (IP – San Francisco) and Nicola Lemay (Tax – Boston), senior associates Samantha Seiden (M&A – Los Angeles), Whei Hsueh (IP – San Francisco) and Chasse Osborn (Tax – Boston), and associate Ryan Reshke (M&A – Silicon Valley).
Cooley represented Reliance, with a team led by Rishab Kumar, Tracy Rubin, Jenny Ge and Queenie Chen. Global antitrust advice was provided by Stella Sarma and Athina Gaki.
Under the joint venture agreement, Reliance will hold a 70% stake and Meta will hold a 30% stake, with both companies committing approximately ₹855 crore (~US$100 million).
The JV will integrate Reliance’s digital infrastructure with Meta’s open-source Llama models to deliver enterprise-grade AI at accessible price points. The offerings will include:
Enterprise AI Platform-as-a-Service: A secure, full-stack environment enabling organizations to customize, deploy, and govern generative-AI models across sales, marketing, IT, customer service, finance, and other workflows.
Pre-configured AI solutions: Ready-to-deploy vertical and sector-specific AI tools tailored for Indian enterprises.
The venture is designed to scale AI solutions at a fraction of conventional costs, with deployment options spanning cloud, on-premises, and Reliance’s infrastructure.
The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2025.
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