Introduction: Reliance Nippon Life Asset Management Ltd is a asset management company controlled from Mumbai. Reliance Nippon holds around 11% of the mutual fund offering in India. The healthy margins have made it one of the best profitable companies in India. Company manages 55 open-ended mutual fund schemes including 16 ETFs and 174 closed ended schemes
Date of Establishment: Company was formed in the year 1995.
Product & Service Offering: Reliance nippon manages
1. Mutual funds (including ETFs);
2. Managed accounts, including portfolio management services, alternative investment funds (AIFs) and pension funds; and
3. Offshore funds and advisory mandates.
Customer Segment: The company manages its retail customers through its network of 170+ branches and 58,000 distributors
Promoters of Reliance Nippon:
1. Reliance Capital Limited; and
2. Nippon Life Insurance Company
Objects of the Issue:
The offer consists of the fresh Issue and the Offer for Sale. Company will not receive any proceeds from the Offer for Sale.
The Net Proceeds would be utilized for :
Setting up new branches
Modernization of IT systems
Marketing & Branding
Lending to its subsidiary
Funding inorganic growth and other strategic initiatives; and
Meeting expenses towards general corporate purposes.
Company Financials:
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 20,198.10 | 18,857.91 | 16,629.97 | 16,812.08 | 15,087.00 | |
| Total Revenue | 14,004.38 | 12,710.70 | 9,301.15 | 7,840.26 | 7,126.74 | |
| Profit After Tax | 4,055.70 | 3,901.24 | 3,495.94 | 3,023.01 | 1,989.60 | |
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