India’s Reliance Money, which on Wednesday announced its foray into China and Hong Kong, expects to generate 50 per cent of its revenues from overseas Markets in the next five years.
The financial products distribution firm has embarked on its plans for global expansion with an aim to set shop in about half a dozen locations overseas by the end of the current fiscal.
"Over the next five years, 50 per cent of our revenues will come from overseas Markets," Reliance Money Director and CEO Sudip Bandyopadhyay said in Hong Kong.
The company on Wednesday, launched its bouquet of financial services for retail investors in Hong Kong and China and has also tied up with leading broking firm in the region, Goldride Securities.
"Hong Kong will be our base for the East Asian region and going forward we will like to expand our presence in London and some neighbouring countries of India," Bandyopadhyay said.
"We will utilise the partnership with Goldride to expand our presence in countries such as Philippines and Kazakhstan," he added.
The company’s foray would also help Indian investors to invest in Hong Kong and Chinese Markets in addition to reaching out to the large base of Non-Resident Indians and Persons of Indian origin in the region to transact in Indian financial instruments.
Reliance Money now has a presence in UAE, Oman, Hong Kong and Singapore.
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