Reliance Group unveils corporate centre to drive Vision 2030 growth strategy
The RGCC will be spearheaded by an experienced core team, including Sateesh Seth, Punit Garg, and K. Raja Gopal, all of whom have long-standing affiliations with the Reliance Group. Together, they bring nearly 100 years of cumulative management expertise, including over five decades within the Reliance ecosystem.
Sateesh Seth has played pivotal roles across various verticals during his tenure with the Group.
Punit Garg, the current CEO of Reliance Infrastructure, has contributed over two decades to the Group’s strategic initiatives.
K. Raja Gopal, with 27 years of experience in the power sector, has been leading Reliance Power for the last six years.
In addition, leaders from other Reliance Group companies will be invited to participate in RGCC’s initiatives, fostering collaboration and knowledge sharing across the organisation.
The RGCC is poised to align its efforts with the Group’s philosophy of staying attuned to emerging market demands while leveraging the expertise of seasoned professionals to guide its companies toward new opportunities and technological advancements.
A Reliance Group spokesperson shared the vision behind the RGCC, stating, “We are thrilled to introduce RGCC, a team of seasoned professionals with a broad spectrum of expertise. This strategic move aims to steer the Group’s future growth by tapping into the vast experience of these leaders, navigate industry challenges, 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.”
The move comes amid notable achievements by key entities under the Reliance Group. Reliance Infrastructure Ltd. and Reliance Power Ltd. have recently achieved zero bank debt status. Both companies have also outlined ambitious growth plans:
Reliance Power has secured 1,270 MW of renewable power projects in Bhutan, furthering its commitment to green energy.
Reliance Infrastructure, through its subsidiary Reliance Defence Ltd., is establishing a 1,000-acre manufacturing facility in Ratnagiri, Maharashtra, focusing on small arms, ammunition, and explosives.
To fund these expansion plans, Reliance Group has announced a combined fundraising initiative worth ₹17,600 crore. This includes ₹4,500 crore raised through preferential equity issues, ₹7,100 crore secured from Varde Partners via equity-linked long-term Foreign Currency Convertible Bonds (FCCBs), and ₹6,000 crore through Qualified Institutional Placement (QIP), with each company aiming to raise ₹3,000 crore.
As the Group embarks on its VISION 2030 journey, the establishment of RGCC signifies a pivotal step toward sustainable growth and long-term innovation.
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