please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . september 2014 learn how and when to remove this template message this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . september 2014 learn how and when to remove this template message learn how and when to remove this template message reliance capital type public company traded as bse 500111 nse relcapital industry financial services founded 1986 founder dhirubhai ambani headquarters mumbai india key people anil ambani chairman products asset management insurance broking and distribution commercial finance other businesses revenue 75.44 billion us 1.1 billion 2014 profit 7.47 billion us 110 million 2014 number of employees 18 500 2014 parent reliance anil dhirubhai ambani group subsidiaries reliance life insurance reliance general insurance reliance capital asset management limited 1 reliance money and reliance consumer finance . website www.reliancecapital.co.in reliance capital limited bse 500111 nse relcapital is an indian diversified financial services holding company promoted by reliance group . 2 3 it is a financial services companies in india . reliance capital also ranks among the top private sector financial services and banking groups in terms of net worth in india . the company is a constituent of msci india and cnx junior nifty . as of july 2014 reliance capital s market capitalisation was over 160 billion us 2.4 billion ahead of bajaj holdings l & t finance promoted by larsen & toubro and muthoot finance . as of march 31 2013 reliance capital had assets worth 455.28 billion us 6.8 billion a 16 fold increase in 8 years and net worth of 124.83 billion us 1.9 billion . 4 5 reliance capital has interests in asset management and mutual funds ; life insurance and general insurance ; commercial finance ; stock broking ; wealth management services ; distribution of financial products ; private equity ; asset reconstruction ; proprietary investments and other activities in financial services . the company operates across india and has over 20 million customers and workforce of approximately 18 500 as of march 31 2014 . 6 anil ambani promoter of reliance group is the chairman of reliance capital while amitabh jhunjhunwala is the vice chairman and sam ghosh is the chief executive officer . 7 contents 1 history 2 non banking finance company 3 credit rating 4 operations 5 reliance capital asset management 6 reliance life insurance 7 reliance general insurance 7.1 history 8 reliance commercial finance 9 reliance capital s broking and distribution business 10 reliance asset reconstruction 11 major deals 12 see also 13 references 14 external links history edit chairman anil ambani during reliance group agm at mumbai in 2012 . reliance capital limited was incorporated in year 1986 at ahmedabad in gujarat as reliance capital & finance trust limited . the name reliance capital came into effect from january 5 1995 . in 2002 reliance capital ltd shifted its registered office to jamnagar in gujarat before it finally moved to mumbai in maharashtra in 2006 . 8 in 2006 reliance capital ventures limited merged with reliance capital and with this merger the shareholder base of reliance capital rose from 0.15 million shareholders to 1.3 million . reliance capital entered the capital market with a maiden public issue in 1990 and in subsequent years further tapped the capital market through rights issue and public issues . the equity shares were initially listed on the ahmedabad stock exchange and the stock exchange mumbai . presently the shares are listed on the stock exchange mumbai and the national stock exchange of india . 9 non banking finance company edit reliance capital obtained its registration as a non banking finance company nbfc in december 1998 . reliance capital has since diversified its activities in the areas of asset management ; life and general insurance ; commercial finance ; stock broking ; private equity and proprietary investments ; asset reconstruction ; distribution of financial products and other activities in financial services . 10 credit rating edit reliance capital had a net debt equity ratio of 1.82 as of march 31 2014 . it is one of the top most rated indian financial institutions and enjoys the highest ratings of a1 by icra and crisil for its short term borrowing program and care aaa by care for its long term borrowing program . 11 12 operations edit reliance capital offers a range of financial services in many business lines . the company is one of the most diversified financial services firms in india with interests expanding from asset management insurance commercial finance broking private equity to other niche financial services . the prominent businesses are as follows . 13 reliance capital asset management edit reliance capital asset management rcam managed 1.94 trillion us 29 billion as on march 31 2014 across mutual funds pension funds managed accounts and offshore funds . rcam manages reliance mutual fund rmf which is amongst india s top three mutual funds with average assets under management aaum of 1.13 trillion us 17 billion for june 30 2014 . sundeep sikka is the ceo of reliance capital asset management . 14 15 reliance mutual fund is the first indian mutual fund to have crossed the rs . 1 trillion aum mark . 16 it is also the leading amc in garnering aums from beyond top 15 cities category 18 % share in total aums . 17 18 in september reliance capital asset management and japanese financial services major nissay have joined hands to launch two mutual fund products for the japanese retail investors . 19 reliance life insurance edit reliance life insurance is among the top private sector life insurance players in terms of new business premium with a market share of 7 % of the private sector . 20 the total premium was 42.57 billion us 630 million for the year ended march 31 2014 . 21 reliance life offers products that fulfill savings and protection needs of millions of indians . reliance life is the only life insurance player in india to be certified with iso 2000 9001 for all its processes and first life insurance company to introduce otc process . reliance life offers 22 products of which 16 are targeted at individuals and 6 at group business . the distribution network stood at over 900 offices as on march 31 2014 . 22 reliance general insurance edit reliance general insurance company limited type public listed company industry insurance founded 2001 headquarters mumbai india key people rakesh jain executive director & ceo products general insurance vehicle insurance health insurance travel insurance home insurance parent anil dhirubhai ambani group website www.reliancegeneral.co.in reliance general insurance company limited is an indian insurance company a part of reliance capital ltd. of the reliance anil dhirubhai ambani group . the firm has with a private sector market share of about 8 % . the gross written premium for the year ended march 31 2014 was at 24.42 billion us 360 million with a distribution network composed of over 125 branches and nearly 15 500 intermediaries . 23 24 reliance general insurance rgi offers insurance solutions for auto health home property travel marine commercial and other speciality products . 25 history edit reliance general was incorporated on 17 august 2000 and received the license to conduct the business of insurance in india from the insurance regulatory development authority on 23rdoctober 2000 . 26 unlike most competitors who have foreign partners the firm is promoted solely by reliance capital which is an indian company . however media reports suggest reliance capital is on the lookout for an eligible partner who can add value to reliance general . 27 reliance capital chief executive officer sam ghosh in an interview to business standard said may sell stake in its general insurance arm by end of december 2013 . 28 reliance capital has already sold minor stakes in its life insurance and asset management business to nippon life of japan . 29 30 reliance commercial finance edit reliance commercial finance is amongst the leading lenders in indian non banking finance sector . rcf offers a wide range of products which include home loans loans against property small and medium enterprises loans vehicle loans loans for construction equipment and infrastructure financing . the company had a loan book at 136.67 billion us 2.0 billion as on march 31 2014 with over 66 000 customers across top 37 indian metros . 31 32 reliance capital s broking and distribution business edit reliance capital s broking business reliance securities one of the leading retail broking houses in india provides a varied customer base with access to equities equity options wealth management solutions and mutual funds . the distribution business of reliance capital branded as reliance money is a comprehensive financial services and solutions provider providing customers with access to mutual funds insurance products and other financial products . reliance money is amongst the leading domestic distributors of financial products with a pan india presence with over 170 branches 33 34 reliance asset reconstruction edit reliance asset reconstruction is the premier asset reconstruction company the principal sponsor shareholder of which is the reliance group through reliance capital . as on march 31 2014 the asset base was over 6.8 billion us 100 million . 35 36 major deals edit reliance capital is known to have struck some of the biggest deals in the indian financial services sector . in 2011 reliance capital sold 26 % stake in its life insurance business reliance life insurance to nippon life insurance nissay amongst the world s largest life insurer with an aum of over 600 billion . the transaction was completed at rs . 3 062 crore for 26 per cent stake valuing reliance life insurance at 2.6 billion . 37 38 this was the largest deal in the insurance sector in india . recently the government of india has announced 49 % foreign holding in indian insurance firms up from the 26 % holding allowed earlier . 39 in 2012 nippon life insurance bought 26 % stake in reliance capital asset management for rs . 1 450 crore making it the biggest inward stake buy in the mutual fund industry . the deals were lauded in the indian financial services sector in india by analysts . value research a major financial research firm lauded this strategic stake sale by reliance capital to nippon life insurance in two of its businesses . 40 41 42 industry players also believe that such high value and credible deals struck by reliance capital has helped increase the valuations of the indian financial services space in the prolonged global economic slowdown and after the lehman triggered financial crisis . 43 reports indicate that reliance capital is also planning to sell 26 % stake in its general insurance business reliance general insurance at an appropriate time . 44 india s leading financial daily economic times wrote since reliance general insurance is one of the leading players the proposed stake sale is expected to generate handsome capital gains for reliance capital . the de leveraging of the balance sheet and ongoing restructuring should help reliance capital conserve capital and generate better return ratios . a leaner company will also mean that it will be able to grow faster when the business environment turns favourable once again . 45 after the recent announcement by finance minister arun jaitley to increase investment limit for foreigners in indian insurance sector to 49 % espirito santo said reliance capital is going to benefit the most from the decision due to its successful presence in both life and general insurance and ability draw appropriate valuation from foreign partners due