The 44th Annual General Meeting (AGM) of Reliance Industries Limited (RIL) was organized on 24th of June, 2021. The event was held virtually due to the Covid-19 pandemic. Reliance India Limited Chairperson and Managing Director, Mukesh Ambani, made several announcements related to RIL's telecom, retail and oil-to-chemicals business.
Ambani announced the launch of a new affordable smartphone developed jointly by Google and Reliance Jio. He said that the telecom company’s green energy initiatives and said that the company will invest Rs. 75,000 crores towards the “Green Vision” plan in the upcoming 3 years.
On the business front, Mukesh Ambani informed shareholders that the company has grown successfully despite the challenging pandemic environment. He announced that Saudi Aramco Chairman and Governor of the Kingdom’s wealth fund Public Investment Fund Yasir Al-Rumayyan will join the board of Reliance Industries as an independent director.
Mukesh Ambani also said that JioMart has registered 6.5 lakh peak orders in a single day. "Expansion is underway to onboard 1 cr merchant partners over next 3 years," said Mukesh Ambani.
He went on to say that Reliance Retail currently employs over 2 lakh employees, making it one of the largest employers in the country. "Over the next 3 years, we shall further create employment for over 10 lakh people and enable the livelihoods for many more," he added.
"We are committed to grow our business so that we are among the top 10 retailers globally. I am confident that Reliance Retail is on a hyper-growth trajectory to grow at least 3x in the next 3-5 years," Mukesh Ambani said.
Speaking about JioFiber and the company's 5G rollout plans, Ambani said, "JioFiber has acquired over 2mn new premises over the past year. With a cumulative base of 3mn active home and business users, JioFiber has become the largest and the fastest-growing fixed broadband operator in India."