Ambani’s foray into micro finance business

Anil Dhirubhai Ambani Group, one of India's leading industrial houses, has forayed into increasingly lucrative micro finance business by making a beginning in western states of Gujarat and Maharashtra.
Reliance Capital, the financial services arm of the Group, has joined hands with two Gujarat-based Micro-Finance Institutions (MFIs) as part of its initiative to increase penetration of micro finance in the country.
Reliance Capital would ensure its presence in the two states before a countrywide expansion in this regard, the company said on Monday.
"Our vision is to provide access to finance at the grassroots level, serving both the rural and urban India. This initiative is in line with the Group's commitment to play a significant role in bringing value to the under-privileged and the aged in the country", said Tina Ambani, wife of Anil Ambani.