October 02, 2014 1:13 PM ET

Capital Markets

Company Overview of Reliance Money Infrastructure Ltd.

Company Overview

Reliance Money Infrastructure Ltd. provides financial products and services including mutual fund money transfer and money changing services. The company also offers gold coin distribution services. It was formerly known as Reliance Money Limited. The company is based in Mumbai, India. Reliance Money Infrastructure Ltd. operates as a subsidiary of Reliance Capital Limited.

Reliance Money House

Plot No. 250-A-1

Baburao Pendharkar Marg, Off Annie Besant Road

Worli

Mumbai,  400025

India

Phone:

91 22 3044 3301

Fax:

91 22 3044 3306

Key Executives for Reliance Money Infrastructure Ltd.

Reliance Money Infrastructure Ltd. does not have any Key Executives recorded.

Reliance Money Infrastructure Ltd. Key Developments

Reliance Money Reports Revenue Results for the First Quarter Ended June 30, 2014

Reliance Money reported revenue results for the first quarter ended June 30, 2014. Revenue was INR 260 million for the first quarter ended June 30, 2014.

State Bank of India Inks Pack with Reliance Money Infrastructure

State Bank of India has reportedly inked pack with Reliance Money Infrastructure (RMIL), in a business correspondent deal to source a range of banking services. The deal authorizes RMIL to identify borrowers; collect, process, and submit loan applications; promote credit groups; take up post-sanction monitoring, follow-up, and recovery. As the service provider, RMIL will also collect small-value deposits; sell micro-insurance, mutual fund and pension products; and receive and deliver small-value remittances.

Reliance Money Reports Earnings Results for the Year Ended March 31, 2013

Reliance Money generated revenues of INR 1,200 million ($22 million) for the year ended March 31, 2013, as against INR 1,060 million for the corresponding previous period - a year on year increase of 13%. Profit before tax achieved for the year ended March 31, 2013 was INR 70 million ($1 million).

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