Anil Ambani-led group sets up Reliance Group Corporate Centre under Vision 2030

Reliance Group, led by top businessman Anil Ambani, has established its Reliance Group Corporate Centre (EGCC), which will serve as a strategy hub providing guidance to its companies as they pursue new opportunities and technological advancements. The corporate centre is part of the group's Vision 2030 strategy. RGCC's core team will comprise the group's experienced leaders including Sateesh Seth, Punit Garg and K Raja Gopal. Seth and Garg have dedicated more than two decades to the Reliance Group, serving in various leadership positions.

Garg currently leads as CEO of Reliance Infrastructure, while Gopal has been at the helm of Reliance Power for six years.

The corporate centre plays a pivotal role in mentoring and developing emerging leaders, blending experience with fresh talent to propel the group towards sustained growth.

“We are thrilled to introduce RGCC, a team of seasoned professionals with a broad spectrum expertise. This strategic move aims to steer the Group’s future growth by tapping into the vast experience of these leaders, will help navigate industry challenges and capitalise on new opportunities, drive innovation, and deliver exceptional value to our customers and stakeholders. We believe RGCC will be instrumental in shaping the next phase of our Group’s success," said a Reliance Group spokesperson. 

Recently, Reliance Infrastructure and Reliance Power, both part of the Reliance Group, achieved zero bank debt status. Both companies have outlined plans for expansion into new growth areas.

Reliance Power has secured 1,270 MW of renewable power projects in Bhutan, while Reliance Infrastructure, through its subsidiary Reliance Defence, is setting up a manufacturing facility for small arms, ammunition, and explosives in Ratnagiri, Maharashtra, spanning 1,000 acres.

To support these ambitious expansion plans, the companies have announced a combined fundraising effort of Rs 17,600 crore, including Rs 4,500 crore via preferential equity issues, Rs 7,100 crore from Varde Partners through equity-linked long-term FCCBs, and Rs 6,000 crore via a Qualified Institutional Placement of shares (with Reliance Power and Reliance Infra each targeting Rs 3,000 crore).

ALSO READ: Anil Ambani-led Reliance Group's Rs 17,600 crore fundraise to drive future growth plans

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