Reliance AGM 2023: From financial performance to AI revolution, here's the full speech

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ethos pervades everything that we conceive, believe, and achieve at Reliance. Esteemed Friends, In all humility, I would like to say that the new Reliance has been a forerunner of the emerging new India. With soaring ambition, we have set seemingly impossible goals and achieved them.

This is evident from the fact that Reliance has cumulatively invested more than $150 billion in the last 10 years — higher than any other corporate in India, and comparable to the leading businesses across the world. We have shown a ceaseless spirit of innovation by offering to our customers products and services of the highest quality at prices among the lowest in the world. This can be seen from the fact that Reliance’s businesses and philanthropic initiatives have enhanced the quality of life as well as the ease of living of hundreds of millions of Indians.

We have shown impeccable execution capabilities by consistently delivering on all our plans. This can be seen from the fact that Reliance has executed its projects — however big, complex, and difficult — well before time, and at costs lower than global benchmarks. The best way to describe this new Reliance is that we have now become a new-age technology company with distinctive capabilities.

Today we are a net producer of technology, large-scale deployer of technology, as well as a democratiser of technology. These achievements are a testament to our faith in India, to the unlimited India opportunity, and to the boundless Indian talent. What is true about Reliance is equally true about scores of other Indian enterprises ─ leading corporates as well as start-ups.