Reliance Capital intends to go for a fivefold expansion of reach to 25,000 cities and towns over the next 3-5 years. Embarking on a major expansion plan, Reliance Capital plans to increase customer base to 50 million from 20 million along with a fivefold expansion of reach to 25,000 cities and towns over the next 3-5 years, Chairman Anil Ambani has said. Reliance Capital, the financial services arm of Ambani-led business conglomerate, also plans to double the number of its business partners to one million in this time period. Reliance Nippon Life Insurance commanded a market share of 4% in the private life insurance sector, while Reliance General Insurance was also among the leading private general insurers with a market share of 7%, Ambani said. Its total income rose 59% to Rs 815 crore, while profit was up 29% at Rs 137 crore.

Source: dna September 04, 2016 14:29 UTC