Ambani's biggest risk..!? Broader Business...!?

It is no exaggeration to say that mukesh ambani, apart from being the 2nd richest person in india, is in an important position to determine the business and economic direction of the country. Not only mukesh ambani, but the big business groups of india are getting the same importance. The reason is that the private sector is as important as the investment of the public sector companies and the central government for the growth of the indian economy. corporate investment is also important.
In this way, reliance Industries is ready to invest thousands of crores of rupees. In this situation, mukesh ambani is ready to take a risk with reliance Industries worth 220 billion dollars to launch a new business and at the same time IPO a new company. reliance Industries led by mukesh ambani has been planning to increase the value of his group by issuing an IPO for a long time. At the same time, it has decided to enter the financial sector to improve its business by using its customer strength. For this, reliance Strategic Investments Ltd has decided to change its name to jio Financial services Ltd and separate it from reliance Group and issue an IPO. The company operates as an NBFC and provides various credit and financial services.Jio Financial services Ltd currently owns about 6.1 percent of reliance Industries, according to reliance Industries' account. This has fetched a valuation of around $13 billion. With this, jio Financial services is not only India's 5th largest financial services company but also after hdfc bank and Axis Bank. At this stage, mukesh Ambani's stake in the reliance empire will fall to 44 percent unless the Ambani family or other reliance companies buy the 6.1 percent reliance Industries stake held by jio Financial services Ltd. Is this risk needed now? There is an answer to that.Jio Financial services with even a small upgrade can directly challenge Bajaj Finance and marginalize paytm altogether. More importantly, reliance jio has 420 million customers, reliance Retail has 190 registered customers and 16,000 retail outlets across India. There is a huge opportunity to create. In line with this, credit for consumer goods in india increased by 57 percent in October, allowing jio Financial to expand its lending services from reliance Digital to reliance Trends. According to World bank data for 2021, 12% of indians above the age of 15 claim to have taken a loan from a legitimate financial institution. Through this, 88 percent have taken loans from various financial institutions.Similarly, jio Financial services can control the flow of money in a big way and grow. Also, reliance has more opportunities to acquire additional customers due to the fact that it lends funds at lower interest than its competitors. Following this, companies with large customer data in india such as Meta, Google, and microsoft have invested in jio, so this will be a huge jackpot for Reliance. For example, Meta-will has become a customer-vendor connecting platform for reliance Retail through WhatsApp.

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ambani's biggest risk

Sowmiya Sriram

08/12/2022 05:21 PM