Reliance Industries Limited (RIL), on Friday, posted the proceedings of its Q2 FY 2022-23 earnings call on the metaverse. This is the first time in corporate India that a company has used metaverse to engage with its stakeholders.
The RIL metaverse was produced in collaboration with GMetri, a no-code metaverse creation platform. To access it, one doesn’t need to wear AR/VR headgear.
The metaverse contains nearly an hour of results commentary, where Group Joint CFO V. Srikanth covers consolidated financials and business summary, Reliance Jio Infocomm Ltd (RJIL) President Kiran Thomas covers Jio Platforms and digital services, and RJIL Head of Strategy Anshuman Thakur covers Jio digital services/financials. It also features Senior Vice President, E&P, Sanjay Roy, covering Hydrocarbons – Exploration & Production and Strategy and Business Development head Gaurav Jain covering Reliance Retail.
Using it, analysts worldwide tracking the company can toggle with graphics and slides placed on different screens through the multiple buckets in the presentation of the results. They can also download the RIL Q2 22-23 media release and the media and analyst call transcript in PDF formats. The RIL metaverse also features a special section containing quotations from RIL Managing Director and Chairman Mukesh Ambani.
The metaverse is a virtual space built with the idea of immersing users within the online experience, mainly via virtual and augmented reality, while enabling them to interact with each other virtually. Due to its ongoing evolution, the term ‘metaverse’ currently has no single definition.