Reliance Capital, a part of The Anil Dhirubhai Ambani Group, has unleashed an ambitious plan for the next three-to-five years. Accordingly, the company aims to swell its distribution reach to 25,000 cities and towns across Asia, Africa and the Middle East – reported Hindustan Times.
The company plans to increase the number of business partners to one million. It also seeks to foray into the banking sector as and when regulations permit.
Anil Ambani, Chairman, Reliance Capital, said: “The group as a whole enjoyed the support of a customer base of over 150 million and a shareholder base of over 11 million, adding this was the largest for any business group in India.”
We have drawn up exciting growth plans for the next three to five years. Together, these initiatives will further accelerate our growth and lead to substantial value creation for each of us,” he added.
According to the company’s reports, Reliance Capital has a net worth of $1.5 billion and total assets of $4.8 billion as of March 2009. The company has interests in asset management, mutual funds, life and general insurance, private equity investments, broking, depository services, consumer finance, financial products distribution, asset reconstruction and institutional equities.
