Companies
Reliance Money sets sight on global expansion, to double outlets in India
By Sakshi Ganguli
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Posted 12 April 2008 @ 01:34 am GMT
A snapshot of Reliance Money corporate homepage. Anil Dhirubhai Ambani Group's (ADAG) online stock-broking firm Reliance Money is set to expand overseas even as it plans to double its outlets across India in a couple of years.
The financial terms of the deal were not disclosed.
Reliance Money recently crossed 2 million customer mark within a year of launching its commercial operations on April 11 last year. The company says that it is the fastest two-million customer acquisition in the industry.
Reliance Money has an average daily turnover of Rs.2,000 crore ($500 million), which represents over 4 percent of total turnover at NSE and BSE, the two top stock exchanges in India.
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