Ahmedabad: Reliance Industries Chairman and Managing Director Mukesh Ambani addressed 44 lakh shareholders at the company’s 48th Annual General Meeting (AGM) today, emphasizing an “India-first” model of development and the transformative potential of technology.

Addressing the AGM, Ambani said, “In today’s interdependent world, the prosperity of each country is inseparably linked to the prosperity of all. Paradoxically, while uncertainty surrounds us, humanity also stands at the threshold of a golden age in the 21st century – an age defined no longer by scarcity, but by super-abundance and super-affordability for all eight billion people on this planet. This has become possible because of the convergence of three powerful technological transformations: First, breakthroughs in clean energy are unlocking a future of abundance, sustainability, and security, raising hopes for overcoming the climate crisis. Second, breakthroughs in genomics promise dramatic improvements in the cure of diseases, longevity, and overall health. Third, breakthroughs in artificial intelligence and allied deep technologies have already begun to boost productivity, efficiency, and human potential to unimaginable levels. Owing to its miraculous power, AI can now be called the new Kamdhenu – the divine wish-fulfilling cow of our age.”

The RIL chairman highlighted the company’s focus on clean energy, digital health, life sciences, genomics, and AI. “For India, we are building the world’s most advanced clean energy ecosystems and developing AI as a new growth engine, embedding it across all our businesses—from energy to telecom. India, with its scale, talent, and entrepreneurial spirit, is uniquely positioned to lead in this new era,” Ambani said.

He added that India need not follow any existing modern model, asserting that the country has both the ability and responsibility to create a unique path that ensures prosperity, security, environmental protection, and improved quality of life for every Indian. “It will harmonize technology with democracy, economy with culture, spirituality with science, and national aspirations with global friendship. This is the collective dream of nearly 1.5 billion Indians—to build a nation that leads the world in prosperity and compassion,” he said.

Ambani also shared Reliance’s financial achievements for FY-25. “I am happy to share with you the details of yet another stellar year of business and financial performance, achieved despite multiple challenges. Reliance became India’s first-ever company to cross $125 billion in annual revenues. Reliance’s EBITDA stood at ₹1,83,422 crore ($21.5 billion) and net profit grew to ₹81,309 crore ($9.5 billion). Reliance’s exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India’s total merchandise exports. Reliance invested cumulatively ₹5.6 lakh crore ($65.5 billion) in the last three years,” said Ambani.

He further noted that Reliance remains the single largest contributor to the national exchequer, contributing ₹2,10,269 crore ($24.6 billion) in FY-25. Over the last six years, Reliance’s total contribution to the exchequer crossed ₹10 lakh crore ($117.0 billion). “I am also proud to report that Reliance’s CSR spending in FY-25 rose to ₹2,156 crore ($252 million), and our cumulative CSR expenditure over the last three years crossed ₹5,000 crore ($585 million). Today, our conventional and non-conventional workforce has grown to nearly 6.8 lakh people, and I see this growing to more than 10 lakh over the next few years. It gives me immense satisfaction to say that we continue to be among the most admired employers and largest job creators in India,” Ambani added.

Ambani began his address by seeking the blessings of Lord Ganpati and acknowledged current global uncertainties, emphasizing that conflict produces no winners, but technology can unlock a sustainable and prosperous future. DeshGujarat