After creating India’s largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country’s largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035.
The recently demerged Jio Financial Services Ltd will leverage the prowess of digital and retail businesses, Ambani said in the latest annual report of Reliance Industries Ltd.
The unit, which “will leverage the technological capabilities of Reliance and digitally deliver financial services, democratising access to financial services offering for Indian citizens”, is expected to be listed soon, he said.
