Watch: Mukesh Ambani's Speech at Reliance AGM

Reliance Industries chairman Mukesh Ambani addressed the company's shareholders at its 40th AGM or annual general meeting on Friday, at Birla Matushri Sabhagar in Mumbai. Dedicating the group's 40 years of achievements and records to founder chairman Dhirubhai Ambani, Mukesh Ambani said: "RIL's market cap has grown from Rs 10 crore in 1977 to over Rs 5 lakh crore now." On Reliance Industries' telecom arm, Reliance Jio Infocomm, Mr Ambani said team Jio has stunned the world, over delivering on "the 100 million target I had set for them".

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