Reliance Capital is planning to globalize its operations in the next 3-5 years and aims to expand its customer base 2.5 times to 50 million in this period. The company has decided to increase distribution reach from five thousand to 25 thousand cities and towns and increase in the number of business partners from half a million to one million.
Further, the company would globalize operations by leveraging its domestic experience and capabilities to expand its asset management and wealth management businesses in emerging markets across the world.
Recently, Reliance Capital has acquired 18% stake in Grover Zampa Wines of Grover Vineyards. This is the company’s second wine investment after buying stake in the now troubled Indage Vintners.
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