Reliance Capital
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. 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. 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.
| Company type | Public |
|---|---|
| BSE: 500111 NSE: RELCAPITAL | |
| Industry | Financial services |
| Founded | 5 March 1986 |
| Founder | Dhirubhai Ambani |
| Headquarters | DAKC, Navi Mumbai, India |
Key people | Anil Ambani (Chairman) |
| Products | |
| Revenue | ₹19,303 crore (US$2.4 billion) (2022) |
| ₹−5,391 crore (US$−680 million) (2022) | |
| ₹−7,727 crore (US$−970 million) (2022) | |
| Total assets | ₹63,689 crore (US$8.0 billion) (2022) |
| Total equity | ₹−20,073 crore (US$−2.5 billion) (2022) |
Number of employees | 18,360 (2021) |
| Parent | Reserve Bank of India- under bankruptcy |
| Subsidiaries | Reliance Life Insurance Reliance General Insurance Reliance Commercial Finance Reliance Securities Reliance Asset Reconstruction National Pension System |
| Website | www |
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The Reserve Bank of India (RBI) had on 29 November 2021 superseded the board of Reliance Capital in view of payment defaults and serious governance issues.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