Reliance Group is India’s largest business house has annual sales turnover of Rs. 41,280 crore (US$ 9,003 million) and has posted a net profit of Rs. 2,940 crore (US$ 641 million) for the 12-month period ending June 30, 2000. The Group has total assets of Rs. 52,100 crore (US$ 11,363 million) and net worth of Rs. 22,415 crore (US$ 4,889 million). It has a large investor base of over 5 million, as well as a large customer base in retail (textiles, LPG, cellular phones, etc.) and commercial segments.
Reliance Industries Limited, India's largest private sector enterprise, is a major player in the Indian petrochemicals sector. Reliance's operations capture value addition at every stage from producing crude oil and gas to polyester and polymer products and are vertically integrated to the production of textiles. Reliance has one of the largest marketing networks in the Indian industry. All its brands are market leaders.
Reliance General Insurance Company Limited
Reliance group has announced its plans to enter the Indian insurance sector - both in the life and general insurance businesses. Reliance Industries plans to bring in around Rs. 300 Crores into its insurance venture through its financial arm Reliance Capital Ltd. Reliance group will be the lead investor for this initiative. The two companies will have an initial authorised capital of Rs. 200 crores (US$ 43.62 million) each.
This is the first application from an Indian company without a foreign insurance tie-up. However, Reliance will associate with international insurance consultants to bring the best practices in the business to India.
Contact Address
Reliance General Insurance Company Limited,
903-904,
Regent Chambers, 9 th floor,
Nariman Point,
Mumbai 400 021
Ph: 022-281 9552
Fax: 022-281 9550
Individuals
Home
