Reliance Capital

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Reliance Capital
Type Public company
Traded as BSE500111
NSERELCAPITAL
Industry Financial services
Founded 1986
Founder(s) Dhirubhai Ambani
Headquarters Mumbai, India
Key people Anil Ambani
(Chairman)
Products Asset Management, insurance, broking and distribution, commercial finance, other Businesses
Revenue INR66.27 billion (US$1.1 billion) (2012)
Profit INR4.58 billion (US$76 million) (2012)
Employees 11,000 (2011)
Parent Reliance Anil Dhirubhai Ambani Group
Subsidiaries Reliance Life Insurance, Reliance General Insurance, Reliance Capital Asset Management Limited,[1] Reliance Money and Reliance Consumer Finance.
Website www.reliancecapital.co.in

Reliance Capital Limited (BSE500111, NSERELCAPITAL) is a financial services company and part of a Reliance Anil Dhirubhai Ambani Group. It is registered with the Reserve Bank of India under section 45-IA of the Reserve Bank of India Act, 1934. as a public limited company in 1986 and is now listed on the Bombay Stock Exchange and the National Stock Exchange (India).[2]

Reliance Capital has a net worth of over INR33 billion (US$550 million) and over 165,000 shareholders. On conversion of outstanding equity instruments, the net worth of the company will increase to about INR41 billion (US$680 million).

It is headed by Anil Ambani and is a part of the Reliance ADA Group. Sam Ghosh is the Group Chief Executive Officer at Reliance Capital.[3]

Reliance Capital ranks among the top 3 private sector financial services and banking companies, in terms of net worth.

Reliance Capital has interests in:[4]

  • Asset management.
  • Mutual funds.
  • Life and general insurance.
  • Private equity and proprietary investments.
  • Stock broking.
  • Reliance PMS.
  • Depository services and financial products.
  • Consumer finance and other activities in financial services.

Minor stakes[edit]

  • Sept 2010 – Kerala Airport (15%stake),47Mn$-----------Reliance Infrastructure
  • Sept 2010 – Trent (9% stake),4.5Mn$------------------Reliance Capital
  • Aug 2010 – ICEX (26% stake)----------------------- Reliance Capital
  • Apr 2010 – Pathway word (minor stake)--------Reliance Equity
  • June 2010 -UTV Bloomberg (18% stake)--------------Reliance Capital
  • May 2010 – Fame Cinema (15% stake)---------------Reliance Mediaworks Ltd
  • Sept 2010 – Trinethra Infra (5% stake)------------Reliance Capital
  • May 2007 – Network18 group (10% stake)---------------------------Reliance Capital
  • May 2007 – TV Today group (14.02% stake)--------------------------Reliance Capital
  • Oct 2008 – Hong Kong Mercantile (15% stake)-----------------------Reliance Capital

ICEX[edit]

Commodity markets regulator FMC said it has given approval to the Anil Ambani Group to acquire 26 per cent stake in Indian Commodity Exchange (ICEX) from one of its promoters, Indiabulls group. "We have given permission to Anil Ambani Group to buy 26 per cent stake in ICEX from Indiabulls," Forward Markets Commission (FMC) Chairman B C Khatua said.At present, Indiabulls holds 40 per cent in ICEX, of which it wants to sell 26 per cent stake in the bourse to ADAG. MMTC has 26 per cent stake in ICEX, which is the country's fourth national commodity exchange launched late last year. "We entered the exchange business in late 2009. We have already started a spot exchange and have a 26 per cent stake in a commodities exchange," ADAG Group chairman Anil Ambani had said yesterday at the AGM of group firm Reliance Capital. The Group had also announced its intention to enter all segments of the exchange business. Reliance Capital is already in the spot commodity space. Another group firm Reliance Money also has stake in the national commodity exchange NMCE.ICEX, a national-level commodity bourse, offers futures trading in 18 commodities, including bullion, metals and agricultural items. The exchange clocked a business of INR130 billion (US$2.2 billion) in the first fortnight of September.

Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is one of India's fastest growing life insurance company and among the top 4 private sector insurers. Reliance General Insurance is one of India's fastest growing general insurance company and among the top 3 private sector insurers. Reliance Money is the largest brokerage and distributor of financial products in India with over 2.7 million customers and has the largest distribution network. Reliance Consumer finance has a loan book of over INR89 billion (US$1.5 billion) at the end of December 2008.[5]

Reliance Capital has a net worth of INR72.5 billion (US$1.2 billion) and total assets of INR223.4 billion (US$3.7 billion) as of 31 December 2008.

Reliance Capital is a constituent of S&P CNX Nifty and MSCI India and also features in the Forbes list of World’s largest 2000 public companies.

Reliance Securities, subsidiary of Reliance Capital achieved a pan-India presence with over 5,000 outlets and the average daily turnover had increased to INR23 billion (US$380 million) in 2010.[6]

References[edit]

  1. ^ "Reliance Mutual Fund – Reliance Capital Asset Management Limited – Mutual Funds of Reliance". Iloveindia.com. Retrieved 21 December 2010. 
  2. ^ "Reliance Capital". Reliance Capital. 5 January 1995. Retrieved 21 December 2010. 
  3. ^ "Reliance Capital". Reliance Capital. 12 January 2010. Retrieved 12 February 2014. 
  4. ^ "Reliance Capital Ltd.". Rupee Times. Retrieved 21 December 2010. 
  5. ^ "> Reliance Capital Ltd Financial and Strategic Analysis Review". Industry Review. Retrieved 21 December 2010. 
  6. ^ "Anil Ambani group to invest Rs 300 cr for online trading biz". business.rediff.com. Retrieved 25 October 2010.