# Reliance Capital

Reliance Capital is a Corporate Investor based in Southfield, India.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Southfield, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 1986
- **Assets under management:** Undisclosed
- **Website:** reliancecapital.co.in
- **LinkedIn:** https://www.linkedin.com/company/indusindcapital

## Regulatory record

- **CRD number:** 154005
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/154005

## About

Founded in 1986 by Anil Ambani, Reliance Capital was the listed holding company for the Reliance Group’s interests in asset management, life and general insurance, and retail broking. By 2020, debt pressures across the group pushed Reliance Capital into the Reserve Bank of India’s insolvency process. The firm historically spanned mutual funds, general insurance (through IndusInd General Insurance), life insurance (IndusInd Nippon Life Insurance), and asset reconstruction (Reliance Asset Reconstruction Company). It held commercial real estate in Mumbai and Ahmedabad including Reliance Centre in Santacruz East. The strategy relied on controlling stakes in regulated financial entities, though the insolvency resolution transferred the company to IndusInd International Holdings — a promoter group backed by the Hinduja family — along with its subsidiaries. The insolvency resolution plan, approved by the Mumbai bench of the National Company Law Tribunal in 2024, valued Reliance Capital at INR 96.6 billion (approximately $1.2 billion). IndusInd International Holdings (IIHL) emerged as the successful bidder. The corporate structure now operates as a core investment company registered with the Reserve Bank of India, with subsidiaries including IndusInd General Insurance and IndusInd Nippon Life Insurance. Reliance Centre in Mumbai remains a commercial asset under the group. The firm sits at the center of one of India’s most public wealth transitions — from a founder-led family office embedded in a conglomerate to an institutionally owned financial holding company. The insolvency resolution effectively separated the Ambani family’s personal assets, such as the Harmony Art Collection and aircraft like the Bombardier Global Express, from the regulated financial entities. Anmol Ambani, Anil’s son and an executive director, represents the next generation’s residual involvement.

## Sectors

- Financial Services
- Insurance
- Asset Management
- Real Estate

## Offices

- Ahmedabad, India

## People

- Anil Ambani — Founder

## Questions

### Who runs investment decisions at Reliance Capital now?

Since the insolvency resolution completed in 2024, Reliance Capital has operated under the new promoter, IndusInd International Holdings, which is backed by the Hinduja family. The board and management are appointed by IIHL. Anil Ambani no longer holds a formal role.

### What happened to Reliance Capital's subsidiaries during the insolvency?

The subsidiaries — including IndusInd General Insurance, IndusInd Nippon Life Insurance, and Reliance Asset Reconstruction Company — were transferred alongside Reliance Capital to IIHL under the resolution plan. They continue to operate as regulated entities under the new ownership.

### Is Reliance Capital still connected to Reliance Industries?

No. Reliance Capital was part of Anil Ambani's Reliance Group, which was formally separated from Mukesh Ambani's Reliance Industries in 2005. The two groups are distinct entities with no cross-ownership.

### What is the relationship between Reliance Capital and IndusInd International Holdings?

IndusInd International Holdings is the acquirer and current parent company of Reliance Capital following the 2024 insolvency resolution. IIHL is a promoter entity linked to the Hinduja family, not the Ambani family.

### Does the Ambani family still hold any assets through Reliance Capital?

With the completion of the insolvency resolution in 2024, the Ambani family no longer controls Reliance Capital. Personal-family holdings — including the Harmony Art Collection and aviation assets — remain separate from the company's balance sheet.

### How did Reliance Capital end up in insolvency?

Rising debt across Anil Ambani's Reliance Group triggered defaults that led the Reserve Bank of India to refer Reliance Capital to the insolvency process in 2021. The resolution took three years and concluded with IIHL taking control.

### What real estate does Reliance Capital own?

As part of the entity that transferred to IIHL, Reliance Capital holds commercial properties including Reliance Centre in Santacruz East, Mumbai, and Reliance House in Ahmedabad. These assets remain within the corporate structure under the new ownership.

## Related profiles

- [Relevé Financial Group](https://altss.com/profile/releve-financial-group)
- [Reliance Life Sciences](https://altss.com/profile/reliance-life-sciences)

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Last updated: 2026-08-10T18:03:08.091Z

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