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BSE: 500111 NSE: RELCAPITAL
Headquarters Mumbai, India
Anil Ambani (Chairman)
Asset Management, insurance, broking and distribution, commercial finance, other Businesses
66.27 billion (US$1.0 billion) (2012)
4.58 billion (US$70 million) (2012)
Reliance Anil Dhirubhai Ambani Group
Reliance Life Insurance, Reliance Capital Asset Management Limited,Reliance Money and Reliance Consumer Finance.
Reliance Capital Limited (BSE: 500111, NSE: RELCAPITAL) 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). Reliance Capital has a net worth of over 33 billion (US$500 million) and over 165,000 shareholders. On 41
conversion of outstanding equity instruments, the net worth of the company will increase to about billion (US$630 million). It is headed by Anil Ambani and is a part of the Reliance ADA Group.
Reliance Capital ranks among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital has interests in:
Asset management. Mutual funds. Life and general insurance. Private equity and proprietary investments. Stock broking. Reliance PMS. Depository services and financial products. Consumer finance and other activities in financial services.
Sept 2010 – Kerala Airport (15%stake),47Mn$-----------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
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 billion (US$2.0 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 the end of December 2008.
89 billion (US$1.4 billion) at
Reliance Capital has a net worth of
72.5 billion (US$1.1 billion) and total assets of
billion (US$3.4 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 23 billion (US$350 million) in 2010.
1. Jump up^ "Reliance Mutual Fund – Reliance Capital Asset Management Limited – Mutual Funds of Reliance". Iloveindia.com. Retrieved 21 December 2010. 2. 3. 4. Jump up^ "Reliance Capital". Reliance Capital. 5 January 1995. Retrieved 21 December 2010. Jump up^ "Reliance Capital Ltd.". Rupee Times. Retrieved 21 December 2010. Jump up^ "> Reliance Capital Ltd Financial and Strategic Analysis Review". Industry Review. Retrieved 21 December 2010. 5. Jump up^ "Anil Ambani group to invest Rs 300 cr for online trading biz". business.rediff.com. Retrieved 25 October 2010.
Reliance Anil Dhirubhai Ambani Group
From Wikipedia, the free encyclopedia
Not to be confused with Reliance Industries.
Reliance Group (Anil Dhirubhai Ambani Ventures Limited)
Reliance Commercial Corporation
Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharastra,India
Anil Ambani (Chairman)
Communications, infrastructure,financial services, entertainment, power, natural resource, petrochemical, healthcare, BPO
US$15.4 billion (2012)
US$2 billion (2012)
US$3.5 billion (2012)
US$29 billion (2012)
US$40 billion (2012)
Reliance Power, Reliance Communications, Reliance Infrastructure, Reliance Capital,Reliance Entertainment, Reliance Health, Reliance Natural Resources, Reliance Venture,Reliance MediaWorks Ltd
Reliance Anil Dhirubhai Ambani Group (usually referred as Reliance Group and legally Anil Dhirubhai Ambani Ventures Limited) is an Indian conglomerate, headquartered in Navi Mumbai, India. The company, which was formed after Dhirubhai Ambani's business empire was divided up, is headed by his younger son Anil Ambani. a market capitalisation of 890 billion (US$14 billion) and net assets worth 1800 billion(US$28 billion).
Reliance Group has a business presence that extends to over 20,000 towns and 450,000 villages in India, and across the globe. The shareholder base is over 12 million, among the largest in the world. The group is present in many sectors including Telecom, Capital, Power, Infrastructure, Entertainment and Health.
1 History 2 Operations
o o o
2.1 Communications 2.2 Capital 2.3 Power
o o o o
2.4 Infrastructure 2.5 Reliance Entertainment 2.6 Reliance Health 2.7 Other
3 Major acquisitions 4 Major joint ventures 5 Logo 6 General Facts 7 Global Presence 8 Corporate sponsorship 9 Corporate social responsibility
9.1 Education 9.2 Hospitals
10 References 11 External links
Main article: Dhirubhai Ambani Reliance group was founded by Dhirubhai Ambani in 1966 as a polyester firm. Dhirubhai started the equity cult in India. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his sons. The group was formed after the two feuding brothers Mukesh Ambani and Anil Ambani, split Reliance Industries.
Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy, Reliance Capital and
RNRL. This led to a new beginning called RELIANCE. Later this group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs.
Main article: Reliance Communications
Reliance Globalcom Reliance Infratel Vanco Reliance World
Reliance Globalcall Reliance Icall Reliance Digicom Reliance BPO
Main article: Reliance Capital
Reliance Life Insurance Reliance General Insurance Reliance Venture Reliance Mutual Fund Reliance Money Reliance Securities Reliance Commercial Finance Reliance Venture Capitalist Reliance Asset Reconstruction Reliance PMS ICEX – Stock exchange
Rosa Thermal Power Station
Electricity transmission grid in eastern India.
Main articles: Reliance Power and Dhirubhai Ambani Solar Park
Reliance Natural Resources Limited (RNRL) Reliance Coal Resources Tilaya UMPP – 4000MW Krishanapatnam UMPP – 4000MW – on hold Sasan UMPP – 4000MW FIRST UNIT OPERATIONAL Dadri power plant – 8000MW – On hold Chitrangi power project – 4000MW Rosa Power Project – 1200MW OPERATIONAL Butibori power Project, Nagpur – 600MW OPERATIONAL Samalkot Power Project – 2400MW.. AWAITING GAS FROM GOI Dhirubhai Ambani Solar Park – 40MW OPERATIONAL Wind Power – 400MW Solar Power – 500MW Hydropower – 2500MW
BSES Delhi BSES Rajdhani BSES Yamuna Reliance Power Mumbai
Reliance Power (R Power) currently has a generation capacity of 1500MW. The company is in the process of achieving 5000MW by 2012, 17000MW by 2015 and 35000MW by 2020. The company is present in all verticals from generation to transmission to distribution. The company is having pan India projects and is currently having a big presence in Mumbai and Uttar Pradesh. The United Nations registered Reliance Power’s Sasan power project on 2 February 2011 to earn as many as 22.5 million credits in the next 10 years.
Main articles: Reliance Infrastructure, Delhi Airport Metro Express, and Nanded Airport
Azad Nagar Station, Mumbai Under Construction
Mumbai Metro ---- Line1 – 12 km & Line2 – 40 km Delhi Airport Metro Express ---- Orange Line – 23 km Reliance Airport Developers (RADPL)-5 Airports Reliance Sealink pvt ltd ---- 2 Sealinks Reliance Road projects ---- 11 Road Projects – 1000 km Reliance SEZ ---- Navi Mumbai & Kolkata Reliance Power Transmission Pvt Ltd
Reliance Infrastructure (R Infra) has emerged as the largest concessionaire of NHAI with 11 road projects totalling 1,000 km worth about 120 billion(US$1.8 billion) with more than 10,000 people working at various sites.
Constructing Metro systems in Delhi and Mumbai totalling more than 75 km of track. Reliance Infrastructure is also bidding for projects in Nepal and Maldives.
Main article: Reliance Entertainment Movies and Television
DreamWorks SKG Studios (Co-Partnership) Reliance Pictures Reliance MediaWorks Ltd (formerly Adlabs) Reliance MediaWorld (formerly Lowry Digital) Reliance Synergy Reliance Animation BIGFlix – Movies on rent BIG Cinemas BIG Music & Video Reliance Home Video Reliance ND Studio
BIG FM 92.7 – Radio stations operating in more than 50 cities. Reliance Broadcasting (RBNL) Reliance Digicom Reliance Digital TV BIG TV – DTH service Imagine Showbiz BIG Magic
BIG – CBS channels
Big CBS Prime Big CBS Spark Big CBS Love
Zapak Codemasters Jump Games
BIGADDA.com – social networking site BIGOYE.com The Plot Blog – BIG Cinemas Zapak.com
BIG Street BIG Maps BIG Live BIG Digital BIG Reach BIG Events
Big Cinema is India’s largest cinema chain with over 516 screens spread across India, US, Malaysia and Netherlands and caters to over 35 million consumers. BIG Cinemas has established leadership in film exhibition in India with 253 screens and accounts for 10 to 15% of box office contributions of large movies. FM Radio stations with FM stations in more than 50 Indian cities.
BIG FM 92.7 is a leading network of
Main article: Reliance Health Reliance Health is providing integrated health services through one of the finest hospitals in Asia – The Kokilaben Dhirubhai Ambani Hospital at Andheri, Mumbai. It also plans to venture into diversified fields like Insurance Administration, Health care Delivery and Integrated Health, Health Informatics and Information Management and Consumer Health.
Reliance Technology Ventures Reliance Cement Reliance Aviation Tour & Travels Reliance Property Solutions Mudra Communication (49% stake, rest 51% sold to Omnicom Group) Java Green – A cafe chain with more than 100 outlets. NIS Sparta – A corporate training Institute. DTDC Courier & Cargo Ltd.
Metro Cinema acquired by Big Entertainment c.2005
May 2000 – BSES---------------------------------------------- Reliance Energy(Infrastructure) Oct 2003 – FLAG Telecom, 207Mn$------------------------- Reliance Communication July 2005 – Metro Adlabs (51% stake), 74Mn$---------------- Reliance Big Entertainment Nov 2006 – Travelmate services (100% stake)------------------Reliance Capital July 2007 – Yipes Services USA, 300Mn$-------------------- Reliance Communication July 2007 – Swan Telecom (now Etisalat DB) (9.9% stake)------- Reliance Communication Dec 2007 – ND Studio (50% stake), 35Mn$-------------------- Reliance Big Entertainment Apr 2008 – Lowry Digital USA, 7.5Mn$-------------------- Reliance Big Entertainment Apr 2008 – eWaveWorldUK (90% stake)--------------------------Reliance Globalcom May 2008 – Vanco------------------------------------------Reliance Globalcom Sept 2008 – Wall street finance (36% stake)------------------Reliance MoneyExpress Mar 2009 – Synergy--------------------------------------------Reliance Mediaworks Nov 2009 – Quant Capital -------------------------------------Reliance Capital Jan 2010 – Ilab UK Ltd.---------------------------------------Reliance Mediaworks Apr 2010 – Codemasters UK (50% stake)--------------------Zapak July 2010 – Digicable ----------------------------------------Reliance Big Entertainment Jan 2011 – Imagine Showbiz------------------------------------Reliance BIG Entertainment Oct 2011 – Annapurna Studios----------------------------------Reliance BIG Entertainment Sept 2011 – Bloomberg UTV (66% stake)------------------------------Reliance Capital
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 world (minor stake)----------------------------Reliance Equity May 2010 – Fame Cinema (47.5% stake)--------------------------------Reliance Mediaworks 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
Mar 2007 – Reliance – Air Deccan June 2008 – Reliance Communication – MTN Aug 2008 – Newcastle EPL club Sept 2008 – BIG Entertainment – MGM Sept 2010 – Reliance Infratel – GTL
Major joint ventures
RBNL – CBS NIS Sparta Reliance – DreamWorks Codemasters – A British video gaming company. Reliance Infra – IRB Infra BIG Entertainment – BBC
The RELIANCE Anushka Sharma for Reliance Communication, Abhishek Bachchan and Sonu Nigam for Big 92.7 FM. Earlier Virender Sehwag used to be the brand ambassador of Reliance Communication then known as Reliance Infocom. Reliance Mobile is also the main sponsor of ICC Cricket World Cup and ICC World Twenty20 Cricket tournaments.
Main article: Reliance Globalcom Group company Reliance Globalcom is the world's largest sealink cables company with more than 1,50,000 km of sea cables. Reliance Mutual Fund is India's largest mutual fund company with assets of more than 1.1 trillion rupees. Reliance Mediaworld operates the world's largest dome theatre, IMAX, in Mumbai. Reliance power has placed World's largest order worth $8.29 billion toShanghai Electric Group to supply power equipment based on supercritical technology. Reliance Infrastructure is the first private company in India to construct a rail project (Delhi Airport Metro Express) on PPP basis, the project became operational on February 2011. Reliance power has become the first Indian company to earn Carbon credits, United Nations registered Reliance Power’s Sasan power project to earn as many as 22.5 million credits in the next 10 years, the UN Clean Development Mechanism, the world’s second - biggest greenhouse gas market issues tradable credits to emission-busting projects in developing countries.
Reliance Infrastructure’s Dahanu Thermal Power Station (DTPS). The 500 MW project, around 100 km north of Mumbai, has emerged the only power plant in the world to win a certification -— ISO 50001:2011 – for energy management systems and endeavours in the field of energy use and environment conservation. Reliance Communication was the first company in India to issue bills in braille for visually impaired customers.
Group company BIG Cinemas is India’s largest cinema chain with over 516 screens spread across India, US, Malaysia and Netherlands and caters to over 35 million viewers. BIG Cinema has a pan USA footprint with over 205 screens present across 24 cities, In Malaysia with 72 screens that play Hollywood features besides Chinese and Tamil films that cater to the 1.5 million Tamil populations. In 2009, BIG Cinemas established a presence in Netherlands by associating with Pathe Theatres across 3 cities to begin screening Indian movies. It also set up Nepal’s first Multiplex in Kathmandu. BIG FM 92.7 is operating radio station in Singapore and Bhutan. Reliance Power is having coal mines in Indonesia. Reliance has also made major acquisitions in UK and USA.
Lasith Malingabowling from the Nursery End in the Final at Lord's.
Reliance is the main sponsor of Cricket Tournaments. Reliance sponsored the cricket world cup Reliance World Cup in 1987 and 1996.
Reliance Mobile is the main sponsor of ICC Cricket World Cup and ICC World Twenty20 cricket tournaments.
2011 Cricket World Cup
Reliance sponsored the ICC 2011 Cricket World Cup held in India, Sri Lanka and Bangladesh. Reliance Capital, has tied up with the International Cricket Council and a global non-profit organisation, Room to Read, to promote literacy and gender equality in education by contributing initiative is named Boundaries For Books.
25000 (US$380) for every six hit during the World Cup. The
ICC World Twenty20
Reliance Mobile also sponsored the ICC Cricket World Cup 2007 held in West Indies and ICC World Twenty20 in 2007 and 2010.
Reliance Group was in the race in 2010 to sponsor the Indian national cricket team but lost to Sahara India Pariwar. Reliance Group also bid for the Indian Premier League team, Mumbai Indians, but missed by a small amount.
Reliance ICC Player Rankings
The Reliance ICC Player Rankings are the official guide to the relative merits of batsmen, bowlers and all-rounders in Test match and ODI cricket. The Reliance Mobile ICC ODI Women’s Rankings provide an opportunity to showcase the leading stars in the women’s international game.
Corporate social responsibility
Main article: Dhirubhai Ambani Institute of Information and Communication Technology
Resource Centre, DAIICT
Dhirubhai Ambani Institute of Information and Communication Technology DA-IICT – Gujarat. Dhirubhai Ambani Institute of Information and Communication Technology DA-IICT – Kolkata. (Under Construction).
Jamnaben Hirachand Ambani School, Raigad
Kokilaben Dhirubhai Ambani Nursing College (KDA-NC) – Mumbai. BIG Animation Infotainment & Media School (BIG AIMS) – Pune. Dhirubhai Ambani University (DAU) – Bhopal (Under Construction).
With an aim to provide focused studies and research in Information and Communication Technology (ICT), the Reliance Group announced the setting up of the Dhirubhai Ambani University (DAU). The DAU will be soon set up in 110 acres of land and the Reliance Group has earmarked 1 billion (US$15 million) for developing higher education
in Madhya Pradesh, a company release said. The Government of Madhya Pradesh has issued a letter of intent and also provided land for the proposed varsity. The University will provide focused studies and research in ICT and also focus on niche programmes relevant to the economic development of the state. The DAU will offer both undergraduate and postgraduate programmes with emphasis on research activities in ICT and allied areas.
Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Mumbai
Kokilaben Ambani Hospital Guwahati Centre, Guwahati
Dhirubhai Ambani Hospital, Lodhivali, Raigad district
1. Jump up^ "Reliance
ADAG – Reliance Anil Dhirubhai Ambani Group India – Reliance ADA Group". Reliance ADA Group. Retrieved 14 August 2010.
ADA Group Profile". Iloveindia.com. 21 July 2007. Retrieved 14 August 2010.
2. 3. Jump up^ "Reliance Jump up^ "Mukesh
to double enterprise value to US$160 bn: Rediff.com Business". set to split between Anil and Mukesh Ambani – Central Government ADA Group". Reliance ADA Group. Retrieved 15 September 2010. Life Insurance, ICC and Room to Read Launch Boundaries For
Business.rediff.com. 18 June 2010. Retrieved 14 August 2010. 4. Jump up^ "Reliance
may intervene!". IndiaDaily. Retrieved 14 August 2010.
5. 6. Jump up^ "Reliance Jump up^ "Reliance
Books Campaign to ‘Hit Illiteracy For a Six’". Press Release. Mumbai: Room to Read. 16 February
2011. Retrieved 13 September 2013.
Reliance Anil Dhirubhai Ambani Group
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Home - About Us - Top Management Profile
Reliance Capital is anchored by a team of experienced and committed visionaries who are dedicated towards scaling the company to greater heights through innovation and excellence; thereby creating value for all our stakeholders. Click on the executive names to access their profiles Amit Bapna (Chief Financial Officer, Reliance Capital)
Amitabh Mohanty (Head - Debt Strategy)
Anup Rau - (Chief Executive Officer and Executive Director, Reliance Life Insurance)
Asokan Arumugam (Chief Compliance Officer, Reliance Capital)
K. V. Srinivasan (Chief Executive Officer, Reliance Commercial Finance)
Lav Chaturvedi (Chief Risk Officer, Reliance Capital)
Madhusudan Kela (Chief Investment Strategist, Reliance Capital)
Pushkar Singh Kataria (Chief People Officer, Reliance Capital)
Rakesh Jain (Chief Executive Officer, Reliance General Insurance)
Sachin Bora (Chief Quality Officer, Reliance Capital)
Sam Ghosh (Chief Executive Officer, Reliance Capital)
Shirish Chitte (Chief Technology Office, Reliance Capital)
Sundeep Sikka (Chief Executive Officer, Reliance Capital Asset Management)
V. R. Mohan (President and Company Secretary )
Vikrant Gugnani (Chief Executive Officer, Reliance Securities Limited)
Home - Our Businesses - Reliance Mutual Fund
Reliance Mutual Fund (RMF) is amongst top two Mutual Funds in India, with Average Assets Under Management (AAUM) of Rs. 97,771 crore (US$ 17.5 billion) for the quarter ended June 30, 2013. RMF offers a well-rounded portfolio of products that meet varying investor requirements. Reliance Mutual Fund constantly endeavours to launch innovative products and customer service initiatives to increase value to investors. RMF has over six million investor folios and a wide distribution network with presence in over 200 branches and more than 41,000 empanelled distributors. In addition, it has offices in Singapore, Mauritius and UK. To know more about Reliance Mutual Fund click here: http://www.reliancemutual.com
Home - Our Businesses - Reliance Life Insurance
Reliance Life Insurance Company Limited (RLIC) is amongst the leading private sector life insurers with a private sector market share of 10% in terms of new business premium. RLIC has a strong distribution network of over 1,100 offices across India, with over 1,38,000 agents as at June 30, 2013. RLIC offers wide range of innovative life insurance products, targeted at individuals and groups. It offers need based products that caters to three distinct segments namely protection, retirement and investment plans. RLIC is committed to emerge as a leading Life Insurer with global scale and standards. To know more about Reliance Life Insurance click here: http://www.reliancelife.com
Home - Our Businesses - Reliance Commercial Finance
Reliance Commercial Finance aims to enable people to fulfil all their ambitions by creating assets for personal & business requirements. It offers an exhaustive suite of financial solutions - Mortgages Loans, Loans against property, Loans for Vehicles, Loans for Construction Equipment, SME Loans, business loans and Infrastructure Financing What’s more, with the help of our easy-to-use loan calculator, you can decide on the tenure, interest rate and the loan amount that best suits you. Reliance Commercial Finance has a loan book size of Rs. 13,598 crore (US$ 2.4 billion), with a customer base of over 80,000 customers, as on June 30, 2013, across the top 34 Indian metros. Reliance Commercial Finance prides itself in creating customized financial solutions for our partners and customers by offering great Turnaround Time. To know more about Reliance Commercial Finance click here: www.reliancecommercialfinance.co.in Click here to read what delighted customers of Reliance Commercial Finance have to say
Home - Our Businesses - Reliance Securities & Reliance Money Reliance Securities Reliance Securities, the broking arm of Reliance Capital is the one of the India’s leading retail broking houses i n India, providing customers with access to equities, equity options and commodities futures, wealth management, wealth management services, mutual funds, IPOs and investment banking. Reliance Securities has over 7 lac retail broking accounts through its pan India presence with over 5,600 outlets. Reliance Money The third party distribution business of Reliance Capital, branded as ‘Reliance Money’ is a comprehensive financial services and solutions provider, providing customers with access to life and general Insurance products, money transfer, currency exchange, loans and gold coins. To know more about Reliance Securities & Reliance Money click here : http://www.reliancemoney.com Click here to read what satisfied customers of Reliance Securities are saying
Home - Our Businesses - Reliance General Insurance
Reliance General Insurance (RGI) offers a range of products for the corporate and individual customers. RGI currently offers insurance products including Health, Home, Motor, Travel, Fire, Engineering, Marine, Liability and Aviation. RGI is amongst the leading general insurance companies in India, with a private sector market share of over 8%. RGI had a distribution network composed of 127 branches and over 12,000 intermediaries at the end of June 2013. To know more about Reliance General Insurance click here: http://www.reliancegeneral.co.in Click here to read what satisfied customers of Reliance General Insurance have to say
Home - Our Businesses - Other Businesses - Quant Capital
Quant Capital focuses on the wholesale client segment of the capital markets which includes foreign and domestic institutions, corporations and ultra high net worth individuals. Quant Capital has built and implemented state of the art trading, risk and operational platforms. The firm employs over 200 professionals with diverse skills sets and has expanded its research and quantitative teams to ensure complete sector coverage across Indian equities. To know more about Quant Capital click here: http://www.quantcapital.co.in
Home - Our Businesses - Other Businesses - Reliance Equity Advisors
Reliance Equity Advisors, wholly owned by Reliance Capital Limited is the Investment Manager of the Reliance Alternative Investments Fund Private Equity Scheme I (a private equity fund). The objective of the fund is to raise third party funds and make portfolio investments. The fund was launched with the aim of making investments into sunrise industries in India, offering an opportunity to participate in the growth of one of the world's fastest growing economies. Reliance Equity Advisors will focus on a range of investment opportunities across growth and consolidation capital, minority investment, buy-in / buy-out and acquisition financing in India. Reliance Equity Advisors has a professional team with substantial Private Equity and M&A experience, and has evaluated several investment themes before selecting; the approach it believes will generate the highest upside in a fast growing economy. To know more about Reliance Equity Advisors, click here: http://www.reliancepe.com
Home - Our Businesses - Other Businesses - Reliance Asset Reconstruction
Reliance Asset Reconstruction Company is a premier asset reconstruction company, the principal sponsor / shareholder of which is the Reliance Group (through Reliance Capital Limited). The other sponsors / shareholders are Corporation Bank, Indian Bank, GIC of India, Dacecroft and Blue Ridge. Reliance Asset Reconstruction Ltd. (RARC) is in the business of acquisition, management and resolution of distressed debt/assets. RARC has an asset base of over Rs. 63 crore (US$ 1 million)
Home - Our Businesses - Other Businesses - Reliance Venture Asset Management
Reliance Venture Asset Management, wholly owned subsidiary of Reliance Capital, is the venture capital arm of the Reliance Group with an investment mandate to incubate or invest into high-growth, new business ideas and is stage, sector and geography agnostic RVAM currently manages assets of approx. Rs. 2 billion (US$ 35 million) To know more about Reliance Venture Asset Management, click here: http://www.relianceventure.com
Home - Our Businesses - International Businesses
Reliance Capital Limited intends to be a well-respected global player in the international financial services sector. It is present in Singapore, Malaysia and United Kingdom. Singapore Reliance Asset Management (Singapore) Pte. Ltd. (RAMS) is a private limited company with limited liability and is regulated by the Monetary Authority of Singapore (MAS). RAMS holds a Capital Markets Services (CMS) license issued by MAS, for carrying out fund management activities under the Securities and Futures Act (SFA). It was set up as an offshore fund platform of Reliance Capital Asset Management Limited in 2006 for managing/advising mandates from global institutional and accredited investors. The core activity of RAMS is asset management focusing on India equities, alternative & fixed income instruments. RAMS has in-house capabilities to structure and manage customized mandates and new product offerings to meet specific client requirements. RAMS is also a registered Foreign Institutional Investors (FII) with Securities & Exchange Board of India. Malaysia Reliance Asset Management Malaysia Sdn Bhd (RAMMy) has been incorporated to undertake Islamic Asset Management under the license of The Securities Commission of Malaysia. RAMMy aims to become the provider of choice within Islamic Asset Management by launching unique Shariahcompliant investment strategies to complement investor’s portfolios with the ultimate focus on wealth creation. United Kingdom and United Arab Emirates Reliance Capital Asset Management (UK) Plc is a Financial Services Authority (FSA) authorized investment advisory business based in United Kingdom
Home - National Pension System
Reliance Capital Limited was appointed as one of the Points of Presence (POP) for distribution of Government of India’s Pensi on Plan under the New Pension System (NPS). The pension plan is open to all the citizens of India. Interested citizens can open their account in any of the designated Reliance Capital branches spread across the country. Distributor Empanelment process Distributor Empanelment Application Auto Credit Request Electronic Clearing Service (ECS) Auto Debit Mandate Form Banks list for ECS Branch List
New Offer document New composite application form of NPS New Contribution Instruction Slip Subscriber change request form Scheme Preference Change form Withdrawal request from Tier II Swavalamban Declaration form
Home - Corporate Governance - Board of Directors
Shri Anil Ambani, Chairman Shri Anil D. Ambani, regarded as one of the foremost corporate leaders of contemporary India, Shri Anil D. Ambani, is the Chairman of Reliance Capital Limited, Reliance Infrastructure Limited, Reliance Communications Limited and Reliance Power Limited. He is also on the Board of Reliance Infratel Limited and Reliance Anil Dhirubhai Ambani Group Limited. He is the President of the Dhirubhai Ambani Institute of Information and Communication Technology, Gandhinagar, Gujarat. An MBA from the Wharton School of the University of Pennsylvania, Shri Ambani is credited with pioneering several pathbreaking financial innovations in the Indian capital markets. He spearheaded the country’s first forays into overseas capital markets with international public offerings of global depositary receipts, convertibles and bonds. Under his Chairmanship, the constituent companies of the Reliance Group have raised nearly US$ 7 billion from global financial markets in a period of less than 3 years. Shri Ambani has been associated with a number of prestigious academic institutions in India and abroad. He is currently a member of :
Wharton Board of Overseers, The Wharton School, USA Board of Governors, Indian Institute of Management (IIM), Ahmedabad Executive Board, Indian School of Business (ISB), Hyderabad
In June 2004, Shri Ambani was elected as an Independent member of the Rajya Sabha – Upper House, Parliament of India, a position he chose to resign voluntarily on March 29, 2006. Select Awards and Achievements
Awarded by Light Readings as the Person of the Year – 2008 for outstanding achievements in the communication industry. Voted 'the Businessman of the Year' in a poll conducted by The Times of India – TNS, December, 2006. Voted the 'Best role model' among business leaders in the biannual Mood of the Nation poll conducted by India Today magazine, August 2006. Conferred 'the CEO of the Year 2004' in the Platts Global Energy Awards. Conferred ‘The Entrepreneur of the Decade Award’ by the Bombay Management Association, October 2002. Awarded the First Wharton Indian Alumni Award by the Wharton India Economic Forum (WIEF) in recognition of his contribution to the establishment of Reliance as a global leader in many of its business areas, December, 2001.
Shri Amitabh Jhunjhunwala, Vice-Chairman Shri Amitabh Jhunjhunwala, is a Fellow Chartered Accountant. He has had a wide exposure in developing, strategizing and overseeing businesses in financial services, power, telecommunication and entertainment sectors. Currently, he oversees and leads businesses in financial services and entertainment sectors of the Reliance group. He has experience in the areas of finance, commercial, banking, accounts and general management. Shri Jhunjhunwala is the Group Managing Director of Reliance Anil Dhirubhai Ambani Group. He is a Vice Chairman of Reliance Capital Ltd.
Shri Rajendra Chitale
Shri Rajendra P. Chitale, a law graduate and an eminent Chartered Accountant, is a Managing Partner of Chitale & Associates (India’s only boutique full service structuring and tax advisory firm) and M. P. Chitale & Co. (one of the India’s leading accounting and consulting firms). He is a member of the Insurance Advisory Committee of the Insurance and Regulatory Authority of India (IRDA), and has served as a member of the Company Law Advisory Committee, Government of India, the Takeover Panel of the Securities & Exchange Board of India, Investor Education & Protection Fund Committee, Government of India, the Advisory Committee on Regulations of the Competition Commission of India, and the Maharashtra Board for Restructuring of State Enterprises, Government of Maharashtra. He has served as a director on the boards of Life Insurance Corporation of India, Unit Trust of India, Small Industries Development Bank of India, National Stock Exchange of India Ltd., Asset Reconstruction Company (India) Ltd., SBI Capital Markets Ltd. Dr. Bidhubhusan Samal Dr. Bidhubhusan Samal, Master in Agriculture (Gold Medalist) and doctorate in Economics from Kalyani University, West Bengal. He is also a Post Graduate Diploma holder in Bank Management from the National Institute of Bank Management, Pune. He has more than 30 years of work experience in the field of Banking, Securities Markets and Industrial Finance. He has served as Chairman and Managing Director of Allahabad Bank, Chairman and Managing Director of Industrial Investment Bank of India and as Member of the Securities Appellate Tribunal. Presently, he is a member of the Task Force set up by the Ministry of Heavy Industries and Public Enterprises, Government of India and Employment Mission set up by the Government of Orissa.
Shri V. N. Kaul Shri V. N. Kaul, is a former Comptroller and Auditor General of India (2002 to 2008). He completed his Masters degree from the University of Delhi in 1964. He joined the Indian Administrative Service in 1965. After completion of his tenure as C&AG, he was elected by the UN General Assembly to the United Nations Independent Audit Advisory Committee in 2008 and served as Vice Chairman of the Committee upto January 2011. Prior to his appointment as C&AG Shri Kaul held senior positions in the Government and in the United Nations. In Government of India he was inter-alia Secretary in the Ministries of Petroleum and Natural Gas, Chemicals and Fertilisers and Coal. He has also been Principal Secretary, Finance of Madhya Pradesh. He has served as Chairman of public sector companies and as Director of many private and public sector companies including Tata Exports and MMTC. He was with the United Nations- ESCAP, Bangkok as Advisor, Trade Policy and Negotiations for Asia-Pacific Region from 1991 to 1998. He is a Fellow of the EDI, Washington.
Home - Corporate Governance - Committees
Audit Committees In terms of Clause 49 of the listing agreement, Section 292A of the Companies Act, 1956 and Non-Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 the Board has constituted Audit Committee of the Board of Directors.
The Audit Committee consists of three independent, non–executive director and one non-independent non-executive director of the Company viz., Shri Rajendra P. Chitale as Chairman, Shri V. N. Kaul, Dr. Bidhubhusan Samal and Shri Amitabh Jhunjhunwala as members. All the members of the Committee posses financial/accounting exposure. The Audit Committee inter alia advises the management on the areas where systems, processes, measures for controlling and monitoring revenue assurance, internal audit and risk management can be improved. The minutes of the meetings of the Audit Committee are placed before the Board. The terms of reference of the Audit Committee are in accordance with all the items listed in clause 49(II) of the Listing Agreement as follows: i. ii. iii. iv. Overseeing of the Company’s financial reporting process and the disclosure of its financial information to ensure that the financial information is correct, sufficient and credible; Recommending the appointment, re-appointment and replacement / removal of statutory auditor and fixation of audit fees; Approving payment for any other services by statutory auditors; Reviewing with management the annual financial statements before submission to the Board, focusing primarily on;
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Matters required to be included in the Director’s Responsibility Statement included in the report of the Board of Directors. Any changes in accounting policies and practices and reasons thereof. Major accounting entries based on exercise of judgment by management. Qualifications in draft audit report, if any. Significant adjustments arising out of audit. Compliance with listing and other legal requirements concerning financial statements. Disclosure of related party transactions.
Reviewing with the management, the quarterly financial statements before submission to the Board for approval; Reviewing with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilised for purposes other than those stated in the offer document/prospectus/notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or right issue, and making appropriate recommendations to the Board to take up steps in the matter;
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Reviewing with the management, the performance of statutory and internal auditors, the adequacy of internal control systems; Reviewing the adequacy of internal audit function, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit; Discussion with internal auditors on any significant findings and follow up thereon; Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board; Discussion with statutory auditors before the audit commences about nature and scope of audit as well as post-audit discussion to ascertain any area of concern; To look into the reasons for substantial defaults in the payment to the depositors, debentureholders, shareholders (in case of nonpayment of declared dividends) and creditors; To review financial statement of subsidiary companies, in particular its investments; To review the functioning of the Whistle Blower mechanism; To approve appointment of Chief Financial Officer after assessing qualification, experience, and background etc. Carrying out all other functions as is mentioned in the terms of reference of the Audit committee; Review the following information:
Management Discussion and Analysis of Financial Condition and Results of Operations. Internal audit reports relating to internal control weaknesses. Management letters/ letters of internal control weaknesses issued by statutory auditors. Statement of significant related party transactions, and The appointment, removal and terms of remuneration of the Chief internal auditor.
The Audit Committee has the following powers:
to investigate any activity within its terms of reference; to seek any information from any employee; to obtain outside legal and professional advice;
to secure attendance of outsiders with relevant expertise, if it considers necessary.
Shareholders' / investors' grievances committees The Shareholders / Investors Grievances Committee of the Board currently comprises of Shri Bidhubhusan Samal as Chairman, Shri Rajendra P. Chitale and Shri Amitabh Jhunjhunwala and as Members. The company has appointed Karvy Computershare Pvt. Ltd. to act as Registrar and Share Transfer Agent of the company. The Committee, inter alia, approves issue of duplicate certificates and oversees and reviews all matters connected with transfer of securities of the Company. The Committee also monitors redressal of investors grievances. Particulars of investors grievances received and redressed are furnished in the investor information section of this report. The Committee oversees performance of the Registrar and Transfer Agent of the Company and recommends measures for overall improvement in the quality of investor services. The Committee also monitors implementation and compliance of the Company’s Code of Conduct for Prohibition of Insider Trading in pursuance of SEBI (Prohibition of Insider Trading) Regulati ons, 1992. Nomination / Remuneration Committees The Nomination/Remuneration Committee of the Board is constituted to formulate from time to time (a) process for selection and appointment of new directors and succession plans, and (b) recommend to the Board from time to time, a compensation structure for directors and the manager. Presently, the Company has no executive director. The Nomination / Remuneration Committee of the Board comprises of Shri Rajendra P. Chitale, Chairman, Dr. Bidhubhusan Samal and Shri Amitabh Jhunjhunwala as its members. Risk Management Committees The Company has laid down a robust Risk Management Policy, defining Risk profiles involving Strategic, Technological, Operational, Financial, Organisational, Legal and Regulatory risks within a well defined framework. The Risk management Policy acts as an enabler of growth for the Company by helping its businesses to identify the inherent risks, assess, evaluate and monitor these risks continuously and undertake effective steps to manage these risks. A Risk Management Committee (RMC) consisting of senior executives of the Company periodically reviews the robustness of the Risk Management Policy. The periodical update on the risk management practices and mitigation plan of the Company and subsidiaries are presented to the Audit Committee and Board of Directors. The Audit Committee and Board periodically review such updates and findings and suggest areas where internal controls and risk management practices can be improved. Asset Liability Management Committees (ALCO) Asset Liability Management Committee (ALCO) consisting of senior management executives, monitors liquidity and interest rate risks of the Company. The functioning of ALCO is reviewed by the RMC which meets on quarterly basis and reports to the Board of Directors.
Home - Corporate Governance - Policies
Code of Conduct For Directors And Senior Management The Board of Directors (the "Board") and the senior management of Reliance Capital Limited ("Reliance Capital") subscribe to the following Code of Conduct adopted by the Board. They would: 1. Use due care and diligence in performing their duties of office and in exercising their powers attached to that office
2. 3. 4. 5. 6. 7.
Act honestly and use their powers of office, in good faith and in the best interests of Reliance Capital as a whole Not make improper use of information nor take improper advantage of their position as a Director Not allow personal interests to conflict with the interests of Reliance Capital Not engage in conduct likely to bring discredit upon Reliance Capital Be independent in judgment and actions, and to take all reasonable steps to be satisfied as to the soundness of all decisions taken by the Board of Directors Ensure the confidentiality of information they receive whilst being in office of Director and is only disclosed if authorized by the company, or the person from whom the information is provided, or as required by law
Besides, the Code of Ethics, all Business Policies of Reliance Capital apply to Directors holding executive positions and executives in senior management.
Guidelines for NBFCs -
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Guidelines on fair practice code Internal Principles and procedures in determining interest and other charges Policy Guidelines on KYC and AML measures including demat
Home - Corporate Governance - Risk Management
Risk Management philosophy is to adopt an independent holistic approach to manage uncertainties from all quarters that is "enterprise-wide risk management". Three critical elements on which the enterprise risk management framework is build; creating a clear direct line of sight from risk management to investor's value; implementing a process to protect investor's value; and building the organizational capability to ensure strategic risk management. This ensures that risk management complements business objectives and strategies. The function assists in structuring technology, processes and assets in an advantageous manner, and the architecture so formed, is capable of tackling disruptions in the operational universe. It ensures that business development at all times is within parameters and regulations.
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