Reliance Industries Unveils AI Phone Assistant, Home Display, and Jio IPO Plans at Annual Shareholder Meeting

Reliance Industries used its annual shareholder meeting Friday to announce a broad expansion of AI services across its telecommunications, consumer, and enterprise businesses, while also disclosing that Jio Platforms' board has approved a draft prospectus for an initial public offering of up to 270 million new shares.

The Mumbai-based conglomerate unveiled Jio Call Agent, an AI assistant designed to join live phone calls and perform tasks such as transcribing conversations, generating summaries, booking cabs, ordering food, and making reservations. Users can activate the service by saying "Hey Jio," and it is expected to launch later this year for Jio's more than 500 million subscribers.

By embedding the assistant directly into its telecom network rather than distributing it as a standalone application, Reliance is positioning AI assistance as a native feature of the phone call itself — an approach the company says could reduce consumer reliance on third-party call-assistant apps.

Reliance also introduced an AI-powered version of its MyJio app, which can carry out tasks including activating eSIMs and selecting roaming plans through natural-language requests. A separate hardware product, TeleFrame, was announced as a home display that uses AI agents to surface proactive recommendations such as weather alerts, schedules, and household reminders — an approach that echoes efforts by Amazon and Google in the ambient home AI space.

Additional AI services were unveiled for healthcare, education, agriculture, and small businesses under the brand names JioHealthIQ, JioLearnIQ, JioKrishiIQ, and AI Vyapar. The company said the products are designed to operate across multiple Indian languages.

Chairman Mukesh Ambani, 69, framed the push in explicitly national terms. "India should not be a mere consumer of AI created elsewhere. It must become a creator, adopter, and a global leader in AI," he said at the meeting.

The announcements build on Reliance Intelligence, a platform the conglomerate launched last year to develop AI infrastructure and services for consumers, businesses, and governments. Earlier this year, Reliance said it plans to invest $110 billion in AI infrastructure. The company has also established partnerships with Google, Meta, and Nvidia, and last week announced a collaboration with Meta to build an AI data center in the western state of Gujarat.

The IPO disclosure adds urgency to Reliance's AI narrative. The company's shares are down approximately 17% this year, and investors have long awaited a public listing for Jio Platforms. The board-approved draft prospectus calls for a fresh issue of up to 270 million shares, according to a stock exchange filing.

The rollout also raises data governance questions. While Reliance said its AI services will operate with user consent, the company did not address whether data generated through the products — including call transcriptions and home device activity — could be used to train AI models or shared with technology partners.

Reliance enters an increasingly competitive domestic landscape. Tata Consultancy Services, Infosys, and the rival Adani Group have all expanded their own AI initiatives, forming partnerships with global players including Anthropic, Google, and OpenAI. Recent restrictions on access to some Anthropic models have underscored the risks Indian companies face from dependence on foreign AI infrastructure — a supply-chain vulnerability that is accelerating the push by Indian conglomerates to build proprietary technology stacks.

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