Reliance Capital Limited market cap beats blue chips

The recent report released by CLSA reveals that the market capitalisation of Reliance Capital Ltd at Rs. 245,390 crore has pushed the comapny into the top 20 slot occupied by private comapnies in India. The market capitalisation of Reliance Capital Ltd (RCL) has pushed the company ahead of blue chip comapnies like Maruti, Grasim, Hindalco, Bajaj Auto, HCL Technologies, Siemens, ABB, I-Flex, Tech Mahindra, Gujarat Ambuja, ACC, Mahindra & Mahindra, Hero Honda, Ranbaxy etc.

The report also indicates that RCL has proved to be tha largest asset manager in India in the past two years. The company is expected to become the fourth largest private insurance company in India by increasing market share from 4.5 percent to 10 percent in next two years. The company is also expected to to be amongst the top two to three players in all its businesses over a period of time.

The retail broking arm of RCL, RMoney has the potential to become one of the top retail brokers of India with an estimated market share of 7 to 8 percent in the financial year 2008-09, the CLSA report said. It would also be the largest distributor of the financial products into the country driving its fee income.

The RCL is also proposing to enter foray into the consumer finance sector to offer unsecured loans and the two-wheeler finances to the salaried and the professional people is expected to leverage its balance sheet further.

The top-10 leaders in market capitalisation are tabulated below.

Source : Deccan Chronicle