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Reliance Capital Ltd.

BSE: 500111 | NSE: RELCAPITAL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE013A01015 | SECTOR: Finance - Investments

BSE Live

Jan 17, 16:00
16.51 0.78 (4.96%)
Volume
AVERAGE VOLUME
5-Day
609,329
10-Day
712,829
30-Day
579,050
880,431
  • Prev. Close

    15.73

  • Open Price

    15.85

  • Bid Price (Qty.)

    16.51 (43365)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Jan 17, 15:59
16.50 0.75 (4.76%)
Volume
AVERAGE VOLUME
5-Day
3,060,662
10-Day
3,115,769
30-Day
2,479,292
3,867,276
  • Prev. Close

    15.75

  • Open Price

    15.85

  • Bid Price (Qty.)

    16.50 (68178)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Chairman's Speech

My dear fellow Shareowners, It gives me great pleasure to share with you the highlights of our Companys performance during the year 2007-08. In a short span of three years since the re-organisation of the Reliance Group in June 2005, our Company has emerged as a leading Indian financial powerhouse. We are today the largest mutual fund (Reliance Mutual Fund) as well as the largest brokerage & financial distributor (Reliance Money) in the country. We continue to remain the fastest growing private sector player in the insurance industry. We are among the top 3 general insurers and top 4 life insurers in the private sector. Our Company has a market capitalisation in excess of Rs.35,000 crore and a shareholder base of over 1.3 million. Our Company now ranks among the top 3 private sector banking and finance companies on all major parameters, with interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking and depository services, consumer finance and financial products distribution. We have over 14 million customers, served by 9,700 outlets in over 4,300 cities and towns, representing one of the largest distribution networks in the financial services space. Our Company is an integral part of the Reliance Anil Dhirubhai Ambani Group, Indias second largest business house. Our goal is not just to build a great enterprise for our stakeholders but a great future for India - the new India of the new millennium - an India that desires real and rapid change and seeks a quality of life that is second to none. Today, each of us can claim with great pride that the Reliance Anil Dhirubhai Ambani Group touches the life of one in ten Indians, every single day. Across different companies, our group enjoys the support of a customer base of over 150 million and a shareholder base of over 11 million - the largest for any group in the country. This proud association defines our vision and values. It defines who we are, what we stand for and what we aspire to achieve. We are not just about scale and size; we are about the pursuit of excellence, the integrity of our values and the quality of our services. Performance Review You will be happy to learn that during the year, our Company achieved substantial improvement in its financial and operational performance. The salient points are - Consolidated Total income of Rs.4,919 crore (US$ 1.2 billion), against Rs.2,158 crore in the corresponding period, an increase of 128 per cent. - Consolidated Net profit of Rs.1,009 crore (US$ 251 million), against Rs.703 crore in the corresponding period, an increase of 44 per cent. - Total Income of Rs.2,080 crore (US$ 516 million), against Rs.884 crore in the corresponding period, an increase of 135 per cent. - Net Profit of Rs.1,025 crore (US$ 254 million), against Rs.646 crore in the corresponding period, an increase of 59 per cent. - Consolidated Earnings per share (EPS) of Rs.41.08 (US$ 1.02), against Rs.30.88 in the corresponding period, an increase of 34 per cent. - Earning per share (EPS) of Rs.41.75 (US$ 1.04), against Rs.28.39 in the corresponding period, an increase of 47 per cent. - Total Assets of the company stood at Rs.15,374.31 crore (US$ 3.8 billion). - Total Net worth of the company stood at Rs.5,927.5 crore (US$ 1.5 billion). Your Companys short term borrowing program has been assigned a rating of A1+ by ICRA, the highest credit rating given by ICRA. Fitch assigned the borrowing program a rating of F1+, which stands for the highest credit quality and indicates the strongest capacity for timely payment of financial commitment - a resounding re-affirmation of our unwavering and long- standing commitment to financial prudence and conservatism. Our robust financial numbers have enabled us to recommend and increase dividend to 55%. Achievements during the year The year under review saw our Company reach new milestones of growth across various businesses. Reliance Mutual Fund (RMF) further consolidated its unchallenged leadership position in the country expanding its market share to 17 per cent at the end of March 2008 from 14 per cent at the end of March 2007. We managed assets worth Rs.90,938 crore (US$ 22.8 billion) as on March 31, 2008, as against Rs.46,307 crore a year ago, an increase of 96 per cent against an industry average of 63 per cent. Reliance Life Insurance is amongst the top four private sector life insurance companies in India. The new business premium grew at 195 per cent, from Rs.932 crore to Rs.2,751 crore (US$ 684 million). Reliance General Insurance is amongst the top three private sector general insurance companies in India. Its gross direct premium for the year ended March 31, 2008 was Rs.1,946 crore (US$ 484 million) as against Rs.912 crore in the corresponding period, an increase of 113 per cent. Reliance Money has emerged as the largest brokerage and distributor of financial products in India with more than 2 million customers and the largest distribution network in the country. With annual revenues of Rs.239 crore (US$ 59 million), it achieved break even in the first year of operations. Reliance Consumer Finance, which saw its commercial launch in May 2007, marked our entry into the rapidly expanding consumer finance segment. Our consumer finance portfolio includes a wide range of products, including personal loans, vehicle loans (car and commercial), home loans, loan against property and SME loans. As on March 31, 2008, the loan book size was of Rs.7,120 crore (US$ 1.8 billion). In February 2008, our Company received the approval of the Reserve Bank of India for launching our asset reconstruction business. Reliance Capital has 49% shareholding in Reliance Asset Reconstruction Company Ltd. This company will be in the business of managing and resolving distressed debt and will commence operations in the current financial year. The current year will also see us making a foray into investment banking and institutional broking. Future Growth Drivers Our future growth will be propelled by the quality of our human capital, the use of cutting- edge technology and our extensive distribution reach. Technology, together with human and intellectual capital, will be the key differentiators for our Company going forward. We will use them as strategic tools to reduce the cost of delivery, improve the speed of execution and enhance customer experience at every point of interface. Reliance is amongst the most trusted brand names in India. We will leverage this brand equity to further increase our market share and launch innovative products and services. We will strengthen and expand our already extensive distribution reach to further penetrate the Indian market and reach sections of people who have hitherto been denied the benefits of informed investment advice and world class financial services. Corporate Governance We have adopted the Reliance Anil Dhirubhai Ambani Group Corporate Governance Policies and Code of Conduct which has prescribed a set of systems, processes and principles conforming to the international standards, aimed at promoting the interests of all our stakeholders. Social Commitments The Company continued to contribute actively to community welfare activities and took up several initiatives and measures related to education and healthcare. Our Commitment Our founder, the legendary Dhirubhai H. Ambani, gave us a simple mantra: to aspire to the highest global standards of quality, efficiency, operational performance and customer care. We remain committed to upholding that vision. Dhirubhai exhorted us to think big. We will think bigger. Indeed not just bigger but better, creating ever greater value for all our stakeholders. Anil D. Ambani Chairman April 29, 2008