Reliance Capital is a part of the Reliance – Anil Dhirubhai Ambani Group. Reliance Capital is India's fastest growing private sector financial services company, ranking among the top 3 private sector banking and finance companies in India, with a shareholder base of over 1.3 million. Reliance Capital has interests in Asset Management and Mutual Funds, Life and General Insurance, Private Equity and Proprietary Investments, Stock Broking, financial product & services distribution and other financial services and has a net worth of Rs.5,262 crore (as of March 31, 2007).
About Reliance Money:
Reliance Money is part of the Reliance Anil Dhirubhai Ambani Group and promoted by Reliance Capital, the fastest growing private sector financial service company in India, ranked amongst the top 3 private sector financial services and banking companies in terms of net worth. Reliance Capital’s current valuation is $ 11 BN
Reliance Money, the Broking and Distribution arm of Reliance Capital provides a single window platform for transacting in a wide range of asset classes, including Equity, Equity & Commodity Derivatives, IPO’s, Mutual Funds, Life & General Insurance, Money Changing and Money Transfer, Gold Coins amongst others.
Reliance Money offers its services both on-line & off-line in financial services in financial markets by offering its platform (www.reliancemoney.com) for Equity Trading, Derivatives & Commodities Trading.
The other OTC products of the company include Money Changing (FFMC), Money Transfer in association with Western Union & Pure Gold Coin retailing.
In a short span of 9 months, Reliance Money was awarded the ‘Franchisor of the year 2007’ at the 5th International Franchise & Retail Conference held on 12th Dec’2007 & was also voted the ‘Most cost effective and secure broking house in 2007’ by Starcom Worldwide in a recent online consumer survey.
Reliance Money has a wide presence in both Retail and Institutional segment with a strong presence in 11,500 touch points across 3000 towns/cities.
Reliance Money has now expanded its reach in the market with their bouquet of financial products & services by forming alliances with organizations like World Gold Council, Barista, Valcambi, CMC, DTDC, STIC Travel Group, Reuters, Corporation Bank, McDonalds, Webaroo & many more to follow.
Through tie-ups with rural partners like Rural Relations, Anarde Foundation and FIDR, Reliance Money also plans to install its transaction kiosks at about 10000 outlets pan-India by the end of this financial year. It is also betting big on Rural India & is committed to register its presence in 5165 Tehsils by the end of the current financial year, thus covering 91% of India.
The USP of Reliance Money is its cost effectiveness due to its fixed fee structure for broking services. The Security Tokens provided free of cost to their customers act as a third level password protection allowing for a secure on-line transaction. The transaction kiosk which will replicate the banking ATM model will allow for easy convenience to their customers.
The mode of service delivery of Reliance Money is through Web, Call Centre, Kiosk & Franchisee Outlet.
Reliance Money intends to change the way India transacts in financial markets & avails financial services.........
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