Reliance Capital

Reliance Capital Limited
Company typePublic
BSE: 500111
NSE: RELCAPITAL
IndustryFinancial services
Founded5 March 1986; 38 years ago (1986-03-05)
FounderDhirubhai Ambani
HeadquartersDAKC, Navi Mumbai, India
Key people
Anil Ambani (Chairman)
Products
RevenueIncrease₹24,443 crore (US$2.9 billion) (2024)[1]
Increase₹477 crore (US$57 million) (2024)[1]
Increase₹432 crore (US$52 million) (2024)[1]
Total assetsIncrease₹74,986 crore (US$9.0 billion) (2024)[1]
Total equityIncrease₹−11,127 crore (US$−1.3 billion) (2024)[1]
Number of employees
18,360 (2021)[1]
ParentReserve Bank of India- under bankruptcy
SubsidiariesReliance Life Insurance
Reliance General Insurance
Reliance Commercial Finance
Reliance Securities
Reliance Asset Reconstruction
National Pension System[2]
Websitewww.reliancecapital.co.in

Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group.[3][4] Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the private sector. As on 31 March 2017, the net worth of the company stood at ₹16,548 crore, while its total assets as on the date stood at ₹82,209 crore.[5][6] In Fortune India 500 list of 2018, Reliance Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance' category.

Reliance Capital has businesses in asset management, mutual funds, life insurance and general insurance, commercial finance, home finance, stock broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. The company operates across India and has over 20 million customers and workforce of approximately 15,595 as of 1 May 2017.

Anil Ambani, promoter of Reliance Group is the Chairman of Reliance Capital, while Amitabh Jhunjhunwala is the Vice-Chairman and Anmol Ambani as the Executive Director.

The Reserve Bank of India (RBI) had on 29 November 2021 superseded the board of Reliance Capital in view of payment defaults and serious governance issues.

As of November 2022, the company is under the control of the Reserve Bank of India [7]

  1. ^ a b c d e f "Reliance Capital Ltd. Financial Statements". moneycontrol.com.
  2. ^ "Welcome to Reliance Capital". reliancecapital.co.in.
  3. ^ "Reliance Capital About Us". Reliance Capital. 3 July 2014. Retrieved 4 July 2014.
  4. ^ "Reliance Capital Profile". India Infoline. 3 July 2014. Retrieved 4 July 2014.
  5. ^ "Reliance Capital Q4 Results: Reliance Capital Q4 net at Rs 417 crore - Times of India". timesofindia.indiatimes.com. Archived from the original on 28 April 2017. Retrieved 13 January 2022.
  6. ^ "Reliance Capital Q4 net at Rs 417 crore". Business Standard. 27 April 2017.
  7. ^ "Board of Directors- Reliance Group". reliancecapital.co.in.