Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group.
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12 Facts About Reliance Capital
2.
Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group.
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4.
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.
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5.
In 2002, Reliance Capital Ltd shifted its registered office to Jamnagar in Gujarat before it finally moved to Mumbai in Maharashtra, in 2006.
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6.
Reliance Capital entered the capital market with a maiden public issue in 1990 and in subsequent years further tapped the capital market through rights issue and public issues.
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7.
In June 2019, auditors of PwC resigned citing that they weren't allowed to carry on their audits if Reliance Capital prevented it from exercising independent judgment in making a report to the members of the company.
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8.
Reliance Capital is confident that the report of the continuing auditor will establish that there were no irregularities.
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9.
Reliance Capital obtained its registration as a non-banking finance company in December 1998.
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10.
Reliance Capital offers a range of financial services in many business lines.
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11.
Reliance Capital General Insurance is an active participant in various government crop insurance schemes, including the Pradhan Mantri Fasal Bima Yojna, and has insured over 3 million farmers under this financial inclusion initiative.
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12.
Besides de-leveraging the balance sheet, the ongoing restructuring should help Reliance Capital conserve capital and generate better return ratios.
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