Mukesh Ambani Jio Finance: People are eagerly waiting for the vision and new plans that Mukesh Ambani shared for the company at the Reliance AGM.
Mukesh Ambani Jio Finance: People are eagerly waiting for the vision and new plans that Mukesh Ambani shared for the company at the Reliance AGM. At the same time, the segment in which Isha Ambani has talked about expanding her presence has increased the tension of many rival companies including Tata.
Reliance New Plan: Reliance, the country's largest company, with a market cap of Rs 10 lakh crore, is not limited to petrochemical, telecom, or retail business. The company which Dhirubhai Ambani made the country's largest company with his vision. Now Mukesh Ambani is taking that company to the global level. The expansion of the company is going on rapidly. Mukesh Ambani's three children have taken charge of the business and are expanding it rapidly. While Akash Ambani is taking Reliance Jio to new heights, Isha Ambani is taking Reliance Retail to new heights. People are eagerly waiting for the vision and new plans that Mukesh Ambani told about the company at the Reliance AGM. At the same time, the segment in which Isha Ambani has talked about expanding her foothold has increased the tension of many rival companies including Tata.
What is Mukesh Ambani's plan?
Mukesh Ambani said in the AGM that his NBFC company Jio Financial Services is planning to give home loans to common people soon. The company has reached its final stage in this direction. The company has started working in this direction. Reliance's Jio Financial Services' non-banking financial company (NBFC) Jio Financial Services Limited said about this announcement that it will soon start giving home loan services to the people. It has been started as a testing. Apart from home loans, Jio will launch many services like loans on property and loans on securities. This announcement of Jio will give tough competition to all the banks. People have to make rounds of banks for loans. With Reliance's entry in this sector, the competition of banks will increase.
Isha will increase Tata's tension
On the other hand, Mukesh Ambani's daughter Isha Ambani made a big announcement about Reliance Retail. Reliance Retail's non-executive director Isha Ambani explained in detail her plans for the retail business. Isha said that soon Reliance Retail is going to enter the luxury jewelry segment with a curated design-based format. She said that the company is soon going to start the luxury jewelry segment along with a curated design based format in jewelry. With this, Isha Ambani has challenged Tata's CaratLane and other jewelry brands with this move. This move of Reliance is bound to increase the tension of Tata and other companies. Let us tell you that Tata's CaratLane brand is already in this segment. CaratLane, established in the year 2008, is the parent company of Titan. This company has a strong presence in more than 100 cities and has more than 270 retail stores. Now with the entry of Reliance in this segment, it will get big competition.