The Chairman and Managing Director of Reliance Industries Ltd (RIL) Mukesh Ambani on Thursday outlined an ambitious growth strategy for the conglomerate at the company’s annual general meeting as he announced the launching of "Jio AI-Cloud Welcome Offer," which will provide Jio users with up to 100 GB of free cloud storage. The offer, set to launch around Diwali.

Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over USD 100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine.