Thread by @BeatTheStreet10

The next big thing to watchout in #Reliance is its foraying into financial services

Let's deep dive into it 🧵🧵

#relianceretail #jio #Reliancejio #MukeshAmbani #investing

Reliance has multiple financial services entity but most notable are :

Jio Payments Banks
Reliance Retail Finance
Jio Information Solutions

Jio payments bank can be used to convert into Small Finance Bank which can be further used for lending business

bloombergquint.com/business/payme…

Jio Information Solutions has account aggregator license.

AA has potential to ease financial offerings just like UPI eased payments
livemint.com/money/personal…

Reliance Retail Finance is an NBFC registered with RBI. This the entity which was used to route EMI purchases of Jio Phone

Reliance Retail is the largest organized retailer in India with footprints in online through Jio Mart and Ajio

Reliance Retail has 150 Mn customers and has footfall of 640 Mn customers annually

For perspective leader of cons lending Bajaj Finance has 50 Mn customers

Moreover, apart from consumer lists they can offer SME loans to merchants onboarded through JioMart Kirana.

More on RIL ambition in lending is here
livemint.com/industry/banki…

So they have all the resources which is required to foray into lending business

~ customer base
~ customer buying habits
~ funds to lend

So in coming years following things are to look for

~ listing of matured businesses - Retail and Telecom (just like what Adani did)
~ How Renewables and New Energy Biz rollout (Green Hydrogen)
~ Super App Launch
~ How their recent startup acquisitions performs
~ Succession Plan

Interesting fact : Reliance connection with Tally Solutions ( largest accounting software for SME )

Largest SH in Tally is Bhakti Modi ( daughter of Manoj Modi ) who married to Tejas Goenka , MD and son of founder of Tally

Manoj Modi is the close aid of Mukesh Ambani

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