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06-Sep2016

Reliance Capital plans to increase its customer base

Reliance Capital is planning to expand its 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. The company is also planning to double the number of its business partners to one million in this time period.

Reliance Capital's total income rose by 12 per cent in the financial year 2015-16 to Rs 9,998 crore, while net profit was up 10 per cent at Rs 1,101 crore. Among its main businesses, Reliance Nippon Life Asset Management's profit rose to Rs 502 crore, while income from operations was up 38 per cent at Rs 1,314 crore.


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