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Reliance money is a part of the reliance Anil Dhirubai Ambani Group and is promoted
by Reliance capital, the fastest growing private sector financial services company in
India, ranked amongst the top 3 private sector financial companies in terms of net worth.
Reliance money is a comprehensive financial solution provider that enables you to carry
out trading and investment activities in a secure, cost-effective and convenient manner.
Through reliance money, you can invest in a wide range of asset classes from Equity,
Equity and commodity Derivatives, Mutual Funds, insurance products, IPO’s to availing
services of Money Transfer & Money changing.
Reliance Money offers the convenience of on-line and offline transactions through a
variety of means, including its Portal, Call & Transact, Transaction Kiosks and at it’s
network of affiliates.
Some key steps of the company that are as…..
“Success is a journey, not a destination.”If we look
for examples to prove this quote then we can find many but there is none like that of
Reliance Money. The company which is today known as the largest financial service
provider of India.
•Success sutras of Reliance Money:
Reliance Capital
Reliance Life
Insurance
Reliance General
Insurance
Reliance
Money
Reliance
Consumer
Finance
Reliance
Mutual fund
M u tu a l F u n d
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The success story of the company is driven by 8 success sutras adopted by it namely
trust,
integrity,
dedication,
commitment, enterprise, hard work and team play, learning and innovation, empathy and
humility. These are the
values that bind success with Reliance Money.
•Vision of Reliance Money
To achieve & sustain market leadership, Reliance Money shall aim for complete
customer satisfaction, by combining its human and technological resources, to provide
world class quality services. In the process Reliance Money shall strive to meet and
exceed customer's satisfaction and set industry standards.
•Mission statement:
“Our mission is to be a leading and preferred
service provider to our customers, and we aim to achieve this leadership position by
building an innovative, enterprising , and technology driven organization which will set
the highest standards of service and business ethics.”
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Reliance Capital has interests in asset management and mutual funds, life and general
insurance, private equity and proprietary investments, stock broking, depository services,
distribution of financial products, consumer finance and other activities in financial
services.
Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is India's
fastest growing life insurance company and among the top 4 private sector insurers.
Reliance General Insurance is India's fastest growing general insurance company and the
top 3 private sector insurers. Reliance Money is the largest brokerage and distributor of
financial products in India with more than 2.5 million customers and the largest
distribution network. Reliance Consumer finance has a loan book of over Rs. 8,000
crores
at
the
end
of
June
2008.
Reliance Capital has a net worth of Rs.6, 862 crores (US$ 1.6 billion) and total assets of
Rs. 19,940 crores (US$ 4.6 billion) as of June 30, 2008 and over 26,000 employees.
Money has increased its market share among private financial companies to nearly
Convenient & effective – Anytime & anywhere financial transaction capability.
Launched in April 2007. It provides the Flat fees system. It has 2.2 million customers in 1
year of official launch. It has over 5,000 outlets across 700 towns/cities. Average daily
turnover – in excess of Rs 2,000 crores.
Considering the entire life market, including the Rs. 12,890 crores booked by life
insurance Corporation, Reliance life insurance market share works out to around 6.25%.
The life insurance market continuous to be dominated by LIC which has about 67% share
this only a marginal dip from its 73% share in end-July. These comparisons are only for
first year or new business premium.
The gap between Reliance life insurance and the second-in-line private insurer is vast. In
fact, this scenario has led some analysts to wonder if the company is not a trifle too
aggressive. But others say this has more to do with the companies’ customer-centric
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