Reliance, Meta AI joint venture names Parminder Singh as 1st CEO

Reliance Enterprise Intelligence Limited (REIL), an AI joint venture between Reliance Intelligence Limited and Meta's subsidiary, Facebook Overseas, appointed Parminder Singh as its founding CEO. Singh has had a career spanning roles at Google, Apple, Twitter and IBM. Reliance Intelligence holds a 70% stake in REIL, while Facebook Overseas holds the remaining 30%. REIL was incorporated in 2025.