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Reliance Capital’s arm hires over 10,000 advisors in FY13

28 Sep 2012 Evaluate

In a bid to strengthen its distribution network, Reliance Life Insurance, part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital has recruited more than 10,000 advisors so far and are targeting to recruit 40,000 more by the end of the current financial year. The new insurance agents would be trained by more than 200 trainers and about 1,000 master trainers.

The large-scale hiring drive is part of Reliance Life’s plans to strengthen its advisor base and it is focusing on Tier II and Tier III cities to hire the insurance advisors.

Reliance Capital has interests in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking, depository services, distribution of financial products, investment banking, wealth management services, commercial finance, exchanges and other activities in financial services.

Peers
Company Name CMP
Bajaj Finance 1027.00
Shriram Finance 1005.00
Aditya Birla Capital 400.10
Tata Capital 350.90
Chola Invest & Fin. 1778.60
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